LX
Lexinfintech Holdings Ltd.
A Shenzhen-based fintech that helps young Chinese adults pay for things over time. Its flagship app, Fenqile — whose name translates to "happy installments" — lets shoppers buy electronics and other goods on credit, paying in monthly installments while matching them with funding from financial institutions. Founded in 2013 by Jay Wenjie Xiao as Staging Finance Holding, it went public on the Nasdaq in 2017 under the name LexinFintech. The playful name was a deliberate twist to make borrowing feel joyful rather than stressful.
ADRUnderlying: LXCUSIP: 528877103FinancialsCN1 holder
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