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…
Yiren, Qfin swept up in latest fintech lending crackdown
China's latest move against predatory lenders is crippling legitimate loan facilitators like Yiren and Qfin by imposing a strict interest rate cap Key Takeaways: Yiren Digital plunged into the red…
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,…
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