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FINV - FinVolution Emerging As Fintech Lending Leader After Industry Makeover
PPDAI Group Inc. American Depositary Shares each representing five Class A
FinVolution, which has transformed into a loan facilitator from a direct lender, reported a 32% rise in fourth quarter revenue despite regulatory headwinds for fintech lenders.
Lexin, which is also switching to a facilitator model but still continues to lend directly, posted a 27% decline in quarterly revenue, as it sacrificed growth for better risk management.
Fourth-quarter revenue at Qudian, which remains a direct lender, plunged nearly 90%.