PPDF - PPDAI Touts Increased Loan Origination Growth Amid Uncertain Future
Quick Take
Chinese peer-to-peer lender PPDAI has provided limited interim financial results regarding its loan origination operations for Q4 2018.
The firm provides an online platform that connects investors with borrowers in the lower end of the Chinese financial market.
After a dismal 2018 for its stock, PPDAI is beginning a significant transition in its business as it seeks other growth opportunities in the wake of a Chinese government regulatory crackdown on its P2P core offering.
Company & Market
Shanghai, China-based PPDAI was founded in 2009 to enable individual Chinese users to obtain small amounts