Chinese online consumer finance company LexinFintech listed on the NASDAQ in December 2017. In August 2020, it was attacked by short-seller Grizzly Research alleging that the company's business model was not sustainable owing to understated non-performing loans, changing regulations in China, material misstatements and governance concerns. Grizzly's report failed to have any impact on the company's share price or lead to any director and/or auditor (PwC) resignations. As such, the fraud allegations were unproven.

Last updated July 2022.

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