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Despite a Rough 2020, This Chinese Fintech Stock Has Brighter Days Ahead

Lawrence Nga, The Motley Fool
·4 min read
Despite a Rough 2020, This Chinese Fintech Stock Has Brighter Days Ahead
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LexinFintech Holdings (NASDAQ: LX) would probably like to forget 2020. The COVID-19 pandemic unleashed havoc across the global economy, and there was simply no escape for players in the financial sector, including this fintech that caters to the financial needs of young professionals in China. As a result, LexinFintech stock plunged nearly 60% from 52-week highs.