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LX - LexinFintech Holdings Ltd
-0.74(-5.97%)9:00:00 PM 2/24/2021
LexinFintech Holdings Ltd., through its subsidiaries, operates as an online consumer finance platform for young professionals in the People's Republic of China. The company operates, a retail and online consumer finance platform that offers installment purchase loans, personal installment loans, and other loan products, as well as provides online direct sales with installment payment terms; and Le Card, a membership platform, which offers savings, benefits, and membership privileges to food and beverage, apparel, hospitality, and leisure sectors. It also matches customer loans with diversified funding sources, including individual investors on its Juzi Licai online investment platform, third-party commercial banks, consumer finance companies, institutional funding partners in its direct lending programs, investors of its asset-backed securities, and other licensed financial institutions. The company was formerly known as Staging Finance Holding Ltd. and changed its name to LexinFintech Holdings Ltd. in March 2017. LexinFintech Holdings Ltd. was founded in 2013 and is headquartered in Shenzhen, the People's Republic of China.
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    LexinFintech Looks to Enter "Buy Now, Pay Later" Market in China

    LexinFintech (NASDAQ: LX), one of China's leading fintech companies, had a challenging 2020 as a result of the COVID-19 pandemic. Investors have responded with optimism, sending shares of Lexin to a six-month high. A "buy now, pay later" (BNPL) payment option allows shoppers to buy products and pay for them over time.

    LexinFintech Holdings Ltd. Appoints Chief Technology Officer

    SHENZHEN, China, Feb. 02, 2021 (GLOBE NEWSWIRE) -- LexinFintech Holdings Ltd. ("Lexin" or the "Company") (NASDAQ: LX), a leading online consumption and consumer finance platform for new generation consumers in China, today announced that it has appointed Mr. Erwin Yong Lu as the Company's chief technology officer, effective February 1, 2021. Mr. Lu has over 20 years of experience in the technology sector and has held various senior positions. Prior to joining us, Mr. Lu served as the chief infor...

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    You may not be familiar with LexinFintech Holdings (NASDAQ: LX), probably because it's based in China and is relatively small, with a market cap of $1.4 billion. It's an online consumer finance company targeting educated young professionals ages 18 to 36. It offers customers a credit line and an accompanying virtual credit card, called Le Card, which they can use to buy merchandise on LexinFintech's e-commerce platform, Fenquile.

    Why LexinFintech Holdings Crushed the Market on Monday

    LexinFintech Holdings (NASDAQ: LX), a Chinese company that specializes in loan services targeted at the country's bourgeoning class of young professionals, rose by almost 9% on Monday. The catalyst was a business update indicating robust growth in the very near future. In the update, based on a preliminary assessment of its performance, LexinFintech said its loan originations hit 176.5 billion yuan ($27.24 billion) in 2020, matching the company's guidance.

    LexinFintech Holdings Ltd. Gives 2021 Loan Origination Guidance, Achieves 2020 Loan Origination Target

    Pre-pandemic loan origination target is achieved, with continued strong growth expected and improving asset quality; P2P balances have also been reduced to zeroSHENZHEN, China, Jan. 25, 2021 (GLOBE NEWSWIRE) -- LexinFintech Holdings Ltd. ("Lexin" or the "Company") (NASDAQ: LX), a leading online consumption and consumer finance platform for new generation consumers in China, is pleased to announce that based on the Company’s preliminary assessment of the current business and market conditions, th...

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