Got change? Lexin’s penny-stock plunge reflects sinking fortunes for China fintechs
The online loan facilitator faces a potential delisting after its American depositary shares traded below $1 for 30 consecutive business days Key Takeaways: Lexin’s American depositary shares could be delisted…
High Templar’s revenue plunges as search for new business continues
High Templar Tech Ltd. (HTT.US), a former Chinese fintech lender now in search of a new business model, on Wednesday reported its revenue plunged 73% to just 8 million yuan…
Yiren Digital names acting head after chairman falls under criminal investigation
Fintech lender Yiren Digital Ltd. (YRD.US) on Tuesday named a new acting CEO, a day after disclosing that its Chairman and CEO Tang Ning was subject to a criminal investigation…
Shein’s U.S. buyout hits a political wall, as China’s fintech lenders face ruin
“There’s been a very definite trend of what I would call re-transferring part of the economy from the private sector to the state sector.” — on Beijing’s regulatory retreat from…
FinVolution finds balance with prudence at home, growth abroad
The credit-tech platform reinforced its China business with improved risk metrics in the second quarter, while turning its overseas business into a more meaningful profit source Key Takeaways: FinVolution’s risk…
Linklogis swings back to the black amid pivot away from property
The company returned to profitability in the first half of 2026 after three years of annual losses, but whether it can sustain that momentum remains to be seen Key Takeaways:…
GoFintech’s soaring valuation on ‘buzzword of the day’ approach masks low-margin reality
The financial services provider has rebranded and pivoted toward high-tech buzzwords, but it relies on low-margin supply chain brokerage services for most of its business Key Takeaways: GoFintech’s has agreed…
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