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Benzinga
Benzinga
Business
The Bamboo Works

Credit, Anyone? China's Online Loan Platforms Get Stuck as Quality Borrowers Dwindle

FinVolution China digitech Nasdaq

Key Takeaways:

  • FinVolution’s revenue growth slowed to about 12% in the second quarter from 16% and 32% in the previous two quarters, while its latest quarterly net profit fell about 6%
  • 360 DigiTech and Lexin posted little or no revenue growth for the quarter, as their profits plunged 37% and 80%, respectively, during the period
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