BRIEF: Stimulus policies fuel 54.6% jump in Qifu’s quarterly profit
Online lending services provider Qifu Technology Inc. (QFIN.US; 3660.HK) reported on Monday its revenue rose 12.94% year-on-year to 4.69 billion yuan ($653 million) in the first quarter. Its net profit…
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.
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…
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…
FAST NEWS: Qudian Regains Compliance With New York Listing Rules
The latest: Online lender Qudian Inc. (QD.US) said on Thursday it has regained compliance with New York Stock Exchange listing rules, after its average closing price for the last 30…
