Gate News message, April 6, according to Caixin, driven by the formal implementation of new regulations for lending-linked loans and the slowdown in consumer credit demand, several consumer lending and lending-linked platforms saw year-over-year declines in revenue and loan disbursement scale. Net profit fell sharply, and some platforms have started looking for second growth curves such as “going global” and investing in the “crypto circle.” It is reported that platforms including Lexin and Yiren Zhike have already deployed overseas businesses, with Southeast Asia and Latin America becoming the main battlegrounds. Weishin Financial Technology has continued to invest in the blockchain industry over the past two years; in 2024, it indirectly acquired a 15% stake in a certain cryptocurrency exchange. Last year, it contributed HKD 2.4B to invest in EXIO Group, the first batch of licensed virtual asset trading platforms approved by the Hong Kong Securities and Futures Commission.
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