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.
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…
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…
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…
Qudian unveils last-mile delivery transformation plan
The former Chinese online consumer lender revealed it began trialing a new last-mile delivery service in Australia and New Zealand at the end of last year Key Takeaways: Qudian announced…
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…
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PODCAST: Relaxing Data Requirements, and a Big Dividend
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Online lenders cool as China’s economic rebound wobbles
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