Jiayin cashes in on China’s efforts to boost consumer spending
The fintech lender’s revenue from its main business jumped in last year’s fourth quarter as China rolled out a series of measures to stimulate its economy Key Takeaways: Jiayin’s revenue…
BRIEF: FinVolution profit jumps on gains in loan facilitation, international revenue
FinVolution Group (FINV.US) reported on Monday its revenue rose 7.2% year-on-year in last year’s fourth quarter to 3.46 billion yuan ($478 million), while its net profit jumped 29% to 681…
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…
BRIEF: FinVolution revenue rises as global contribution grows
Online lender FinVolution Group (FINV.US) said on Monday its revenue rose 2.5% in the third quarter to 3.28 billion yuan ($453 million) year-on-year, as weakness in its home China market…
Yiren finds big returns in small-loan focus, even as headwinds swirl
The online loan facilitator’s revenue from its main financial services business jumped 46% in the second quarter, as it also sharply raised its bad-loan provisions Key Takeaways: Small revolving loans,…
Strong NEV sales keep Yixin on pace with China’s sluggish auto market
The online car loan facilitator’s business is growing at a similar pace to China’s auto market, which has decelerated after years of strong growth Key Takeaways: Transactions on Yixin’s car…
Luzhou Bank’s profit growth looks sweet, but could mask souring loans
The regional bank’s profit grew strongly last year largely on non-operational investment gains, amid signs of increasing defaults on its loans Key Takeaways: Luzhou Bank’s profit rose 23% last year,…
Recent Articles
RELATED ARTICLES
-
Trade-in ‘chic’ helps boost ATRenew to first operating profit
RERE.US -
Niu Technologies gets charge from China’s consumer trade-in program
NIU.US
-
FinVolution finds riches, achieves growth despite headwinds, in global markets
FINV.US
-
ZTE comeback stumbles on China telecoms spending slowdown
0763.HK 000063.SHE
-
Its knuckles rapped, recovering Gaotu springs back to the black
GOTU.US
- Atour relies on network expansion to counter economic slowdown
-
Baozun returns to the black as Gap expansion accelerates
9991.HK BZUN.US
