Online lenders cool as China’s economic rebound wobbles
Lufax, Qifu and FinVolution face difficulties growing while also managing risk in a slowing economy, their latest quarterly results show Key Takeaways: Online loan facilitators Lufax and Qifu both reported…
Qudian unveils last-mile delivery transformation plan
The former Chinese online consumer lender revealed it began trialing a new last-mile delivery service in Australia and New Zealand at the end of last year Key Takeaways: Qudian announced…
Qudian Finds New Business Model in Buying Back Shares
Online lender announces plan to buy back up to $200 million worth of its shares, sending its stock up by as much as 60% Key Takeaways: Qudian has announced a…
Qudian Sees Food for Growth in Prepared Meals, Weighs Exit of Core Lending Business
The former fintech pioneer’s stock fell more than 10% after it announced a potential wind down of its original credit business as well as a new foray into ready-made meal…
FinVolution Emerging as Fintech Lending Leader After Industry Makeover
Direct lender-turned-loan facilitator reported better results for 2021 than two of its peers that also released earnings last week, sparking a 30% jump in its shares Key Takeaways: • FinVolution,…
Recent Articles
RELATED ARTICLES
-
Forget about growth. Qifu shows it’s all about giving back to shareholders
QFIN.US -
Lufax takes on more risk, makes Hong Kong acquisition, as its lending shrivels
6623.HK LU.US
-
Investors unimpressed by massive dividend from shrinking Lufax
6623.HK LU.US
-
Luzhou Bank’s profit growth looks sweet, but could mask souring loans
1983.HK
-
NEWS WRAP: FinVolution’s international adventure bears fruit
FINV.US
- CHINA BULLETIN: China Eases Up on Cross-Border Data Requirements
