Investors unimpressed by massive dividend from shrinking Lufax
The online lender’s American depositary shares rose by just $1.11 in the two days after it announced a special dividend of $2.42 per ADS Key Takeaways: Lufax announced a massive…
FinVolution’s low-key overseas expansion pays dividends
The fintech lender’s overseas revenue surged in the first quarter, outshining mediocre results for its core China-based business Key Takeaways: FinVolution’s revenue from its overseas businesses surged 165.8% in the…
360 DigiTech’s mediocre dividends, unexciting growth leave investors uninspired
The online loan facilitator is struggling to maintain steady dividends as its net profit declines on faltering revenue growth Key Takeaways: 360 DigiTech kept its dividend steady in last year’s…
Stuck in Covid-Induced Hardship, Lufax Loan Portfolio Shrinks for First Time
The online loan facilitator is bearing more credit risk as its use of third parties to insure and guarantee the loans it brokers becomes costlierKey Takeaways:Lufax’s revenue and profit fell…
FinVolution Picks Up the Pace in Its Global Expansion
The fintech lender announced a major boost in the size of the borrowing facility from its Indonesia partner, though the expanded amount is still small at around $30 million Key…
ZhongAn Moves Further Out of Parental Shadow as Tencent Cuts Stake
Two of the digital insurer’s three big-name parents have trimmed their stakes recently, highlighting the need for company to grow independently Key takeaways: • Tencent reduced its stake in ZhongAn…
Qudian Finds New Business Model in Buying Back Shares
Online lender announces plan to buy back up to $200 million worth of its shares, sending its stock up by as much as 60% Key Takeaways: Qudian has announced a…
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