No. of Recommendations: 0
LX IPO'd in late December 2017

LX $19.09 3.09 (19.31%)
4:00 PM 3/9/18
LexinFintech Holdings Ltd. ADS | NASDAQ


LexinFintech Holdings (LX) runs an online shopping mall that captures a growing trend among young Chinese consumers — buy now, pay later.

Its Fenqile platform targets the young Chinese adults who are willing and eager to borrow money to pay for their smartphones, DSLR cameras, beauty products and more. As a nation that was once doggedly averse to debt becomes less so, the online lender seems poised for sharp growth.

LexinFintech is in a sweet spot for Chinese consumer trends. A still-booming economy and an ever-larger middle class with rising incomes is driving online sales. Meanwhile, young Chinese adults are eager to adopt credit-fueled consumer spending. That's where Shenzhen-based LexinFintech steps in.


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