Category: China

luckin coffee inc. – LK

Luckin Coffee is a coffee chain in China. The company was founded by Qian Zhiya in Beijing in October 2017. Most of its stores are small “pick-up” stores that locate in office buildings or college campuses that serve for online orders’ pickup and delivery.

Luckin Coffee connects its operation with technology tightly and makes the process of selling, producing, and delivery simple and fast. Luckin Coffee did not open any traditional brick-and-mortar stores in the beginning. Its physical locations were only for making coffees and fulfilling online orders picked up by customers or delivery persons. Although most of its stores do not have seats or other services for customers, the target customers of Luckin Coffee are white-collar workers and students near the stores who do not have much time to drink coffee at stores.

Qudian Inc.



Having access to Alipay was not final, losing it was not fatal.

Re-focusing on micro-lending after winding down the loss-making auto business helps improve profitability.

The new open-platform initiative has started bearing fruit.

Qudian (NYSE:QD) is a leading provider of online small consumer credit in China. The company uses technology to make cash credit products accessible to young consumers in China, who are under-served by traditional

CNFinance Holdings Ltd

CNFinance reports Q4 results

GUANGZHOU, China, March 11, 2019 /PRNewswire/ — CNFinance Holdings Limited (CNF) (“CNFinance” or the “Company”), a leading home equity loan service provider in China, today announced its unaudited financial results for the fourth quarter of 2018 and the fiscal year ended December 31, 2018.

Fourth Quarter 2018 Operational and Financial Highlights

  • Total number of active borrowers[1] was 31,039 as of December 31, 2018, compared to 26,326 active borrowers as of December 31, 2017.
  • Total number of transactions[2] was 2,334 during the fourth quarter of 2018.
  • Total loan origination volume[3] was RMB1,128.2 million (US$164.1 million) during the fourth quarter of 2018.
  • Total outstanding loan principal[4] was RMB15.8 billion as of December 31, 2018, compared to RMB16.7 billion as of December 31, 2017.
  • Total interest and fees income was RMB1,039.6 million (US$151.2 million) in the fourth quarter of 2018, a slight decrease of 2.7% from RMB1,068.9 million in the same period of 2017.
  • Net income was RMB188.1 million (US$27.4 million) in the fourth quarter of 2018, an increase of 7.0% from RMB175.8 million in the same period of 2017.
  • Basic and diluted earnings per ADS were RMB3.01 (US$0.44) and RMB2.71 (US$0.39), respectively, in the fourth quarter of 2018, compared to RMB2.86 and RMB2.64, respectively, in the same period of 2017.