One of China’s earliest fintechs to embrace peer-to-peer loans reportedly considers dumping the controversial business model

Following Chinese government’s advice, online loan platforms making the transition include Lexin Fintech, 360 Finance, Qudian

Nasdaq-listed Lexin says it aims to rely more on financial institutions for growth

Third-quarter revenues of Qudian and LexinFintech take a hit, but annual momentum stays strong