Qfin In Deep Fintech Winter
The fintech loan facilitator’s second-quarter profit plunged as a funding squeeze in the wake of two major sector scandals forced it to scale back its business image credit: Bamboo Works Key
Qfin made much less money this quarter because fewer people want to borrow, and the company had to make its business smaller. When a loan company earns less and shrinks, it's worth watching to see if they can grow again or if the hard times continue.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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