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PPDAI Group Inc. American Depositary Shares each representing five Class A
PPDai Group (NYSE: PPDF) reported relatively strong fourth quarter 2018 earnings on March 14, 2019, considering the entire P2P-lending industry in China is shrinking under the enhanced regulations this year. The loan volume originated in the fourth quarter increased from the third quarter, so did the revenue and net profit. Although these are all good news, there are some alarming points that investors should be cautious about.
Increased loan volume
We should first admit that PPDF did really a good job attracting both borrowers and investors to increase its loan volume, despite the downturn