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Stock impact report

FinVolution's International Adventure Bears Fruit [Seeking Alpha]

FinVolution Group American Depositary Shares (FINV) 
Company Research Source: Seeking Alpha
billion), while the outstanding loan balance for its global business jumped 57.5% year-on-year to 1.26 billion yuan. The company's revenue for all last year rose 12.7% to 12.55 billion yuan, while its annual net profit rose by a slower 4.5% to 2.38 billion yuan. While the full-year results looked strong, the company's fourth-quarter numbers painted a less rosy picture. The online lender's international business grew far faster than its home market last year, accounting for nearly a fifth of its revenue. Shanghai-based fintech FinVolution Group NYSE: FINV ) announced on Monday that its international operations grew far faster than its older, home-based loan facilitation business, providing a key new growth engine to counter a slowdown in China. FinVolution said its international transaction volume last year rose 84.7% to 7.85 billion yuan ($1.09 billion), while the outstanding loan balance for its global business jumped 57.5% year-on-year to 1.26 billion yuan, according to it Show less Read more
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