BRIEF: LexinFintech’s revenue dips on drop in credit facilitation business
Online loan facilitator LexinFintech Holdings Ltd. (LX.US) on Thursday reported its revenue fell slightly in the second quarter, as strong growth in its tech empowerment services wasn’t enough to offset…
FinVolution finds riches, achieves growth despite headwinds, in global markets
The fintech lender launched its international expansion in 2018, and plans to enter more countries this year and next Key Takeaways: FinVolution has accelerated its overseas expansion as demand slows…
FAST NEWS: Lexin’s profit falls despite growing loan originations
The Latest: Online lending platform LexinFintech Holdings Ltd. (LX.US) reported last Friday its revenue increased 8.7% year-on-year to 3.24 billion yuan ($455 million) in this year’s first quarter, but its net profit…
Investors unimpressed by massive dividend from shrinking Lufax
The online lender’s American depositary shares rose by just $1.11 in the two days after it announced a special dividend of $2.42 per ADS Key Takeaways: Lufax announced a massive…
FinVolution’s low-key overseas expansion pays dividends
The fintech lender’s overseas revenue surged in the first quarter, outshining mediocre results for its core China-based business Key Takeaways: FinVolution’s revenue from its overseas businesses surged 165.8% in the…
360 DigiTech’s mediocre dividends, unexciting growth leave investors uninspired
The online loan facilitator is struggling to maintain steady dividends as its net profit declines on faltering revenue growth Key Takeaways: 360 DigiTech kept its dividend steady in last year’s…
Stuck in Covid-Induced Hardship, Lufax Loan Portfolio Shrinks for First Time
The online loan facilitator is bearing more credit risk as its use of third parties to insure and guarantee the loans it brokers becomes costlierKey Takeaways:Lufax’s revenue and profit fell…
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