XRF - A Dangerous Time For China Rapid Finance
China Rapid Finance Limited (NYSE: XRF) is an operator in China’s P2P online consumer lending marketplaces. The company went public in April, 2017 and has never made a profit since record could be found. Although the company progressed towards making profits with increased loan volumes in the past two years, it has been struck hard in 2018, when the industry is impacted severely by the regulatory uncertainties. The company reported increased net loss for the first three quarters in 2018 and I think it has come to a life or death point.