Kris Wu's questions to Yiren Digital Ltd (YRD) leadership • Q1 2025
Question
Kris Wu of Loop Capital inquired about the expected impact of China's new loan facilitation rules and requested details on Yiren Digital's international expansion strategy and performance.
Answer
William Hui, SVP & incoming CFO, stated that the new loan facilitation rules are beneficial for large platforms like Yiren Digital, as they promote transparency and will likely accelerate industry consolidation. Regarding international expansion, CEO Ning Tang highlighted it as a strategic priority with profitable operations and double-digit growth expected in the Philippines, and an Indonesian launch planned for the second half of 2025. William Hui added that Q1 international loan volume grew 75% quarter-over-quarter, and the company is exploring other markets like the Middle East and Europe.