Yiren Digital (YRD) has released an update.
Yiren Digital Ltd. has reported a solid first quarter for 2024, with a notable 40% year-over-year increase in total revenue reaching RMB1.4 billion and a 62% rise in net cash generated from operations. Despite a seasonal downturn affecting borrower numbers and insurance clients, the company has seen a substantial increase in loans facilitated and robust growth in its financial services business. They have also been investing in AI with their ‘AI Lab’ initiative to bolster future business operations.
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