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Lexin

China’s Economic Slump Leaves Internet Lenders Battling Bad Loans

360 DigiTech, FinVolution and Lexin all reported first-quarter net profit declines and growing delinquent loans, amid a grim outlook for China’s economy Key takeaways: •      360 DigiTech and FinVolution posted…
June 10, 2022

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…
April 20, 2022

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,…
March 22, 2022

Xiaobai Maimai Eyes Cancer Treatment as E-Commerce Pivot Sputters

Former P2P lender’s stock soared up to tenfold after announcement of latest shift, but later gave up much of the gains Key Takeaways: Xiaobai Maimai, the former P2P lender known…
October 26, 2021

FinVolution Tests Regulatory Tolerance With First Asset-Backed Securities Issue

Online loan facilitator issues 200 million yuan worth of ABS months after Ant Group scrapped plan for much larger similar offering Key Takeaways: •      Online loan facilitator FinVolution has issued…
October 12, 2021

Lexin Slows Down Lending as Latest Regulatory Wave Rocks Fintechs

Company scales back 2021 loan facilitation goals amid latest talk that Beijing could sharply lower interest rate cap for personal loans Key Takeaways: •      LexinFintech is voluntarily slowing down its…
September 1, 2021

360 DigiTech’s Lending App Returns to China Stores, But Investors Unimpressed

Fintech company’s shares jump after announcement of return of its Jietiao app to Chinese app stores, but later give back all those gains and more Key Takeaways: Fintech loan facilitator…
August 18, 2021
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Recent Articles

June 10, 2022

China’s Economic Slump Leaves Internet Lenders Battling Bad Loans

April 20, 2022

Qudian Sees Food for Growth in Prepared Meals, Weighs Exit of Core Lending Business

March 22, 2022

FinVolution Emerging as Fintech Lending Leader After Industry Makeover

October 26, 2021

Xiaobai Maimai Eyes Cancer Treatment as E-Commerce Pivot Sputters

October 12, 2021

FinVolution Tests Regulatory Tolerance With First Asset-Backed Securities Issue

September 1, 2021

Lexin Slows Down Lending as Latest Regulatory Wave Rocks Fintechs

August 18, 2021

360 DigiTech’s Lending App Returns to China Stores, But Investors Unimpressed

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