PODCAST: Relaxing Data Requirements, and a Big Dividend
China exempts most foreign firms from worrisome data requirements. But will it change its mind later? And a leading fintech lender offers a massive dividend. But shareholders worry more about its rapidly shrinking size.
Forget about growth. Qifu shows it’s all about giving back to shareholders
In reporting its earnings for the fourth quarter of 2023, the online loan facilitator unveiled a plan to sharply ramp up its share buyback program Key Takeaways: Qifu’s revenue grew…
FAST NEWS: Supply chain financer Linklogis’ loss widens
The latest: Supply chain financing solutions provider Linklogis Inc. (9959.HK) said on Monday it expects to report a net loss of 455 million yuan ($63.4 million) to 465 million yuan for last…
FAST NEWS: Tongcheng Travel eyes major fintech acquisition
The latest: Tongcheng Travel Holdings Ltd. (0780.HK) announced Wednesday it has signed a letter of intent to acquire 55.14% of Guangzhou Lvjin Technology, a provider of digital financial services, for up…
Yixin steers away from young joint venture to stay focused on China auto market
The online car loan facilitator is pulling out of a 2-year-old tie-up as its state-owned partner seeks to take the venture into new unrelated areas Key Takeaways: Yixin will sell…
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…
Recent Articles
PODCAST: Relaxing Data Requirements, and a Big Dividend
6623.HK
LU.US
Online lenders cool as China’s economic rebound wobbles
LU.US
QFIN.US
FINV.US
RELATED ARTICLES
-
Lufax takes on more risk, makes Hong Kong acquisition, as its lending shrivels
6623.HK LU.US
- Payment app Lianlian seeks IPO relief from cash crunch
-
UP Fintech talks up TigerGPT as new investor tool
TIGR.US
-
Luzhou Bank’s profit growth looks sweet, but could mask souring loans
1983.HK
-
Investors unimpressed by massive dividend from shrinking Lufax
6623.HK LU.US
-
FinVolution’s low-key overseas expansion pays dividends
FINV.US
-
Online lenders cool as China’s economic rebound wobbles
LU.US QFIN.US FINV.US
