Qifu Technology: China Could Surprise Us

Summary:

  • Qifu Technology is a Chinese Credit-Tech firm that provides digital lending services to consumers and SMEs.
  • Q2 2023 results showed a decline in revenue but an increase in net income, leading to a restrained stock market response.
  • The company’s long-term growth outlook is positive, with projections for the Chinese consumer credit tech market to grow.

Female customer support representatives wearing headsets and working late at work desk in call center

goc/E+ via Getty Images

Thesis Summary

Qifu Technology, Inc. (NASDAQ:QFIN) is a Chinese based Credit-Tech firm. It’s a digital lending company that provides accessible and personalized credit services to consumers and SMEs. Qifu Technology utilizes big data, machine learning, and AI to


Analyst’s Disclosure: I/we have a beneficial long position in the shares of QFIN either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.


This is a high-risk/high-reward opportunity, which is exactly what I look for in my YOLO portfolio.

Joint the Pragmatic Investor today to get insight into stocks with high return potential.

You will also get:

– Weekly Macro newsletter

– Access to the End of The World and YOLO portfolios

– Trade Ideas

– Weekly Video

Leave a Reply

Your email address will not be published. Required fields are marked *