U.S.-Listed Chinese Fintech Yiren Digital Swings to $141 Million Loss

U.S.-listed Chinese fintech company Yiren Digital Ltd. swung to a net loss in the first half of the year, as tighter regulation of China’s loan facilitation industry hit its business.

Yiren Digital reported a net loss of 944 million yuan ($141 million), reversing a profit in the same period last year, while net revenue fell 43% to 1.8 billion yuan.