SHANGHAI, July 16, 2018 /PRNewswire/ -- PPDAI Group Inc.
("PPDAI," "Paipaidai," or the "Company") (NYSE: PPDF), a leading
online consumer finance marketplace in China, today announced that the Company has
become one of the first 15 online lenders and consumer finance
companies to sign up to connect with Baihang Zhengxin ("Baihang
Credit"), China's first unified
credit-reporting platform comprising the online lending sector and
backed by China's central bank.
According to the data sharing agreement, PPDAI will transmit the
credit information and data generated on PPDAI's platform to
Baihang Credit's platform on a timely basis, while Baihang Credit
will integrate and process the data and information collected from
all its partners and provide individual credit information back to
PPDAI and other partner companies.
Mr. Jun Zhang, Chairman and Chief
Executive Officer of PPDAI, said, "We are encouraged that our
company is among the first to connect and share data with Baihang
Credit. This further validates and recognizes our strong
technological capabilities, our large customer scale and our high
data quality. We will continue to closely cooperate with the
authorities and ensure compliance for our business."
Safe Harbor Statement
This press release contains forward-looking statements. These
statements constitute "forward-looking" statements within the
meaning of Section 21E of the Securities Exchange Act of 1934,
as amended, and as defined in the U.S. Private Securities
Litigation Reform Act of 1995. These forward-looking statements can
be identified by terminology such as "will," "expects,"
"anticipates," "future," "intends," "plans," "believes,"
"estimates," "target," "confident" and similar statements. Such
statements are based upon management's current expectations and
current market and operating conditions, and relate to events that
involve known or unknown risks, uncertainties and other factors,
all of which are difficult to predict and many of which are beyond
the Company's control. Forward-looking statements involve risks,
uncertainties and other factors that could cause actual results to
differ materially from those contained in any such statements.
Potential risks and uncertainties include, but are not limited to,
uncertainties as to the Company's ability to attract and retain
borrowers and investors on its marketplace, its ability to increase
volume of loans facilitated through the Company's marketplace, its
ability to introduce new loan products and platform enhancements,
its ability to compete effectively, laws, regulations and
governmental policies relating to the online consumer finance
industry in China, general
economic conditions in China, and
the Company's ability to meet the standards necessary to maintain
listing of its ADSs on the NYSE, including its ability to cure any
non-compliance with the NYSE's continued listing criteria. Further
information regarding these and other risks, uncertainties or
factors is included in the Company's filings with the U.S.
Securities and Exchange Commission. All information provided in
this press release is as of the date of this press release, and
PPDAI does not undertake any obligation to update any
forward-looking statement as a result of new information, future
events or otherwise, except as required under applicable law.
About PPDAI Group Inc.
PPDAI is a leading online consumer finance marketplace in
China with strong brand
recognition. Launched in 2007, the Company is the first online
consumer finance marketplace in China connecting borrowers and investors. As a
pioneer in China's online consumer
finance marketplace, the Company benefits from both its early-mover
advantages and the invaluable data and experience accumulated
throughout multiple complete loan lifecycles. The Company's
platform, empowered by its proprietary, cutting-edge technologies,
features a highly automated loan transaction process, which enables
a superior user experience, as evidenced by the rapid growth of the
Company's user base and loan origination volume. As of March 31, 2018, the Company had over 71 million
cumulative registered users.
For more information, please visit http://ir.ppdai.com.
For investor and media inquiries, please contact:
In China:
PPDAI Group Inc.
Sally Huo / Jimmy Tan
Tel: +86 (21) 8030 3200-8601
E-mail: ir@ppdai.com
The Piacente Group, Inc.
Ross Warner
Tel: +86 (10) 5730-6200
E-mail: paipaidai@tpg-ir.com
In the United States:
The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
E-mail: paipaidai@tpg-ir.com
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SOURCE PPDAI Group Inc.