Strong NEV sales keep Yixin on pace with China’s sluggish auto market
The online car loan facilitator’s business is growing at a similar pace to China’s auto market, which has decelerated after years of strong growth Key Takeaways: Transactions on Yixin’s car…
Bank of Jinzhou: Bailed out, but not out of trouble
A one-year suspension of the regional lender’s shares will continue as it’s not yet ready to publish its financial results for 2022 and the first half of last year Key…
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…
Tian Tu Capital fails to excite with China’s fading consumer story
China’s first venture capital firm to list in Hong Kong got a tepid reaction in its first week as a listed company, as investors worried about its shrinking profits Key…
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…
NEWS WRAP: OneConnect’s losses narrow as cost cuts offset revenue decline
The provider of technology products and services to banks and insurers blamed a “lagging” business recovery for its 14% revenue decline in the three months to June By Doug…
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