Yiren Digital left in the cold after parent freezes $4.4 billion in wealth products
The company’s shares fell nearly 25% over four days as investors worried about potential exposure to problems surrounding a major wealth management product issued by its parent Key Takeaways: CreditEase…
China Renaissance dabbles in sour loans, hoping for sweet returns
The investment bank will buy two portfolios of nonperforming personal loans as it continues to recover from a crisis with the abrupt departure of its high-powered founder two years ago…
Yixin cruises in sweet spot in China’s sputtering car market
The online car loan facilitator processed nearly a quarter more transactions year-on-year in the third quarter, defying overall sluggishness in China’s auto market Key Takeaways: Yixin handled 235,000 transactions in…
Qfin goes from fintech stud to dud as new regulations kick in
The online loan facilitator posted weak third-quarter results and was downbeat on the final three months of the year, contrasting with a strong finish to 2024 Key Takeaways: Qfin’s revenue…
BRIEF: LexinFintech’s revenue drops in third quarter
Online lender LexinFintech Holdings Ltd. (LX.US) said on Monday its revenue fell 6.7% year-on-year in the third quarter to 3.42 billion yuan ($481 million), as its core credit facilitation services that…
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…
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…
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