SHANGHAI, May 17, 2017 /PRNewswire/ -- China Rapid Finance
Limited ("China Rapid Finance") (NYSE:XRF), a leading online
consumer lending marketplace in China, today announced that it plans to
release its first quarter 2017 financial results on Thursday, May 25, 2017 before market open. China
Rapid Finance will hold a conference call on Thursday, May 25, 2017 at 8:00 am Eastern Time or 8:00 pm Beijing Time to discuss the financial
results. Listeners may access the call by dialing the following
numbers:
International:
|
+1-412-902-4272
|
United States Toll
Free:
|
+1-888-346-8982
|
China Toll
Free:
|
4001-201203
|
Hong Kong Toll Free:
|
800-905945
|
Conference
ID:
|
China Rapid Finance
call
|
The replay will be accessible through June 1, 2017 by dialing the following
numbers:
United
States:
|
+1-877-344-7529
|
International:
|
+1-412-317-0088
|
Replay Access
Code:
|
10107730
|
A live and archived webcast of the conference call will also be
available at the China Rapid Finance's investor relations website
at http://chinarapidfinance.investorroom.com/
About China Rapid Finance
China Rapid Finance operates one of China's largest consumer lending marketplaces
in terms of total number of loans, having facilitated approximately
15 million loans to approximately 2 million borrowers at
significantly lower borrowing costs than many of its competitors.
According to the People's Bank of China, as of the end of 2015, there are
approximately 500 million individuals with quality employment
records but no credit history. The company refers to these
individuals, who regularly use mobile devices, as EMMAs (Emerging
Middle-class, Mobile Active consumers). China Rapid Finance
believes EMMAs constitute one of the largest untapped consumer
credit market opportunities in the world. The company acquires
quality borrowers through multiple channels, and has been able to
establish a leadership position in China's consumer lending industry because the
company is able to use its proprietary technology to efficiently
identify and select prime and near-prime EMMAs for its platform.
Through its "low and grow" strategy, the company initially offers
smaller, shorter-term loans to these EMMAs and then uses its
proprietary decisioning technology to proactively offer them
larger, longer-term loans as they demonstrate positive credit
behavior, allowing the company to retain high quality EMMAs with
significant lifetime consumer value.
Investor Relations:
China Rapid Finance Limited
Sean Zhang
Tel: +1 (646) 308-1635
Email: IR@crfchina.com
ICR, Inc.
Xueli Song
Tel: +1 (646) 308-1635
Email: IR@crfchina.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/china-rapid-finance-to-announce-first-quarter-2017-financial-results-on-may-25-2017-300459172.html
SOURCE China Rapid Finance