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Xiaobai Maimai Announces the Closing of P2P Disposition Agreement News provided by Share this article Share this article BEIJING, Dec. 30, 2020 /PRNewswire/ -- Xiaobai Maimai Inc. (NASDAQ: HX), formerly known as Hexindai Inc. ("Xiaobai Maimai", the "Company", or "we"), a social e-commerce platform in China, today announced the closing of the assignment and assumption agreement dated December 16, 2020, by and among Beijing Hexin Yongheng Technology Development Co., Ltd. ("Hexin Yongheng"), a wholly-owned subsidiary of the Company, Kuaishangche Automobile Leasing Co., Ltd. ("Kuaishangche"), a c...

 Unaudited Financial Results Total net revenues were approximately US$1.4 million, representing a decrease of 73.8% from approximately US$5.2 million in the same period of fiscal year 2020. The decrease was mainly due to a decrease in net revenues from our loan recommendation services and interest income from our micro-lending business. Revenue from loan facilitation, post-origination, and other services was nil, decreased from approximately US$3.2 million in the same period of last fiscal year as the Company had ceased to issue new loans since November 2019. Revenue from online marketplac...

Share this article Share this article BEIJING, Dec. 16, 2020 /PRNewswire/ -- Hexindai Inc. (NASDAQ: HX) ("Hexindai" or the "Company"), a social e-commerce platform in China, today announced that Beijing Hexin Yongheng Technology Development Co., Ltd. ("Hexin Yongheng"), a wholly-owned subsidiary of the Company, Kuaishangche Automobile Leasing Co., Ltd. ("Kuaishangche"), a company not directly associated with the Company, Hexin E-Commerce Company Limited ("Hexin E-Commerce"), and individual shareholders of Hexin E-Commerce have entered into an assignment and assumption agreement on December 1...