A fintech lender rebound, and a hotel mess
Fintech lenders are entering a new golden era, with Jiayin reporting 46% growth for its core consumer lending business in last year's fourth quarter and forecasting similar gains this year. What's driving this rebound? And hotelier H World is still trying to fix a German acquisition from 2019 that wiped out its profit in the fourth quarter of last year. Will the Chinese hotelier be able to turn around this money-losing offshore asset?
CIFI restructuring advances as shareholders face massive dilution
The property developer said its restructuring plan, which will give it two years of relief from debt repayments, has gained support from nearly 80% of its creditors Key Takeaways: CIFI…
FAST NEWS: China Wood posts large profit as trading resumes
The Latest: China Wood International Holding Co. Ltd. (1822.HK) announced on Thursday that it earned a profit of HK$1.2 billion ($153 million) last year, while its revenue rose 122% to HK$323 million. Looking…
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