Haonan [Unknown]'s questions to Yiren Digital Ltd (YRD) leadership • Q4 2024
Question
Haonan from [Indiscernible] Capital asked about the company's strategic adjustments in response to a more favorable regulatory environment in China and its long-term goals for the overseas business, including potential scale, investment, and its ability to eventually surpass the domestic segment.
Answer
CEO Ning Tang responded that in China, the company will focus on increasing repeat borrowing rates, utilizing AI for smarter customer acquisition on platforms like Douyin, and raising average ticket sizes while maintaining stable risk. For the overseas business, Tang stated it could potentially match the domestic business in the long term and is targeted to become a meaningful revenue contributor within the next three years by replicating its success in the Philippines in other regions.