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Lufax Holding Ltd
(NYSE:LU)
Lufax Holding Ltd

Lufax Holding Ltd operates a technology-empowered personal financial services platform in China. It offers loan products, including unsecured loans and secured loans, as well as consumer finance loans. The company also provides wealth management platforms, such as Lufax (Lu.com), Lu International (Singapore), and Lu International (Hong Kong) to the middle class and affluent investors to invest in products and portfolios; retail credit facilitatio...
Founded: 2005
Full Time Employees: 2,020
CEO: Gregory Dean Gibb  
Sector: Other
Industry: Other
Next Earnings Date: 2023-02-02
Stock price: $1.975 (+13.51%)
Upstart Holdings Inc S-1
By: ssmlee04 Community Lead :))   💬 98   
   on Dec 20, 2020

https://www.sec.gov/Archives/edgar/data/1647639/000119312520285895/d867925ds1.htm

https://i.imgur.com/l4LeC18.png

So their concept is a bit like ant of Alibaba or $lu where they use AI to know who to lend money to with low risks.

https://i.imgur.com/XSu8Y7i.png

Also they have a surprisingly low net loss considering losing a lot of money is common among modern tech companies. Currently they're growing at 45% a year and this might even go up given the low rates environment we are in.

$UPST


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Lufax s1
By: ssmlee04 Community Lead :))   💬 98   
   on Nov 02, 2020

https://www.sec.gov/Archives/edgar/data/1816007/000119312520265571/d934009df1.htm

No reason. This one is a buy. It's one of the PingAn China subsidiary so it has access to lots of PingAn resources that's almost for sure. $lu


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