- A recent regulatory crackdown has made it a rough ride for Chinese online lenders. Now LexinFintech Holdings - which last month filed to raise up to $500M in an IPO of ADS's - now says it plans to raise just $100M.
- Among Lexin's backers is JD.com (NASDAQ:JD).
- Prospectus
- Online lender Qudian (NYSE:QD) is down nearly 50% since coming public in the U.S. in October.
- Previously: Beijing cracks down on cash loan businesses - Reuters (Dec. 1)
- Previously: Quidan welcomes new regulations, lifts buyback (Dec. 1)