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



By APARNA NARAYANAN, investors.com:


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.


cont'd

https://www.investors.com/news/technology/jd-com-backed-lexi...

Starrob
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.