NEWS WRAP: FinVolution posts modest revenue gains as international growth slows
The online loan facilitator said its international loan transaction volume grew 41% in the first quarter, slowing from 85% in the previous quarter By Doug Young Online loan facilitator…
FAST NEWS: BitFuFu posts strong user growth as mining capacity doubles
The Latest: Digital asset mining services provider BitFuFu Inc. (FUFU.US) said on Thursday its revenue rose 43.3% last year to $284.1 million, while its net income more than quadrupled to…
FAST NEWS: SenseTime’s loss widens despite cost controls
The latest: Artificial intelligence (AI) company SenseTime Group Inc. (0020.HK) said its revenue fell 10.6% to 3.41 billion yuan ($472 million) last year, while its non-GAAP net loss rose 14.2% to 5.41…
NEWS WRAP: FinVolution’s international adventure bears fruit
The online lender’s international business grew far faster than its home market last year, accounting for nearly a fifth of its revenue By Teri Yu Shanghai-based fintech FinVolution Group (FINV.US) announced on…
FAST NEWS: Futu plummets on revenue miss
The Latest: Online brokerage Futu Holdings Ltd. (FUTU.US) on Thursday reported its fourth-quarter net profit fell 8.4% year-on-year to HK$878 million ($112 million), though its full-year profit rose 46.2% to HK$4.28 billion. Looking Up: The company’s…
NEWS WRAP: Fanhua details plan to go global, expand into high-tech healthcare
The Chinese insurance broker said it will use $500 million from a Singaporean investor to move beyond its home market through two medical-related acquisitions By Teri Yu Fanhua Inc.…
NEWS WRAP: Business incubator TOJOY to set up base in Hong Kong
The company hopes to attract investors with its big-data approach to nurturing innovative startups by matching them with larger, more mature companies. By Teri Yu TOJOY Shared Holding Group,…
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