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,…
Lufax takes on more risk, makes Hong Kong acquisition, as its lending shrivels
The online loan facilitator’s revenue plunged 39% in the third quarter, as its loan delinquency rates rose sharply from a year earlier Key Takeaways: Lufax’s new loan originations fell 59%…
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…
Yixin’s growth fizzles, even as strong EV buying provides some lift
The online auto loan facilitator’s total financing grew modestly in the first quarter despite slipping sales in China’s overall passenger vehicle market Key Takeaways: Total auto financing facilitated by Yixin…
Online Loan Facilitators Enter ‘Risk Management Mode’ as Times Get Tough
Lexin, 360 DigiTech and FinVolution are turning their focus to high-quality borrowers at the expense of revenue growth to shield themselves from growing default risksKey Takeaways:Lexin and 360 DigiTech reported…
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