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HX - Xiaobai Maimai Eyes Cancer Treatment As E-Commerce Pivot Sputters
Hexindai Inc.
Xiaobai Maimai, the former P2P lender known as Hexindai, is making a radical move into cancer treatment in the U.S.
The shift comes after the company struggled to generate revenue from social e-commerce.
Investors have every reason to be sceptical, explaining the sharp pullback in the company’s share price in the final two days of last week following the earlier gains.