Yiren Digital Ltd. (China)

The Company is an advanced, AI-powered platform providing a comprehensive suite of financial and lifestyle services in China. The Company mission is to elevate customers financial well-being and enhance their quality of life by delivering digital financial services, tailor-made insurance solutions, and premium lifestyle services.
The Company support clients at various growth stages, addressing financing needs arising from consumption and production activities, while aiming to augment the overall well-being and security of individuals, families, and businesses.
The Company operates through Wealth, Credit, and Other segments. It offers loan facilitation services; and post-origination services, such as cash processing, collection, and SMS services. It also distributes short-term cash management and insurance products. In addition, the Company offers consultancy; information technology support; referral; and IT, system maintenance, and customer support services. Further, it involved in the provision of services for financing lease; and insurance brokerage and electronic commerce businesses. The company offers its products through a wealth management website and mobile application.
As a result of the acquisition under common control during 2019, the Company changed its internal organization structure and changed its reportable segments from one to two: Yiren Wealth and Yiren Credit. Yiren Wealth conducts holistic wealth business and Yiren Credit focuses on consumer credit business. Other segment primarily includes electronic commerce business launched in 2021. In the second half of 2022, the Company upgraded and re-branded Yiren Wealth as Yiren Select, which is it comprehensive wealth solution platform that targets the mass affluent population with a variety of non-financial products and services as well as wealth solutions.
HISTORY
2012 The Company was founded in March 2012.
2014 The Company was incorporated under the laws of the Cayman Islands in September 2014 by CreditEase Holdings (Cayman) Limited.
2015 The Company s ADSs, each representing two of its ordinary shares, have been listed and traded on the NYSE under the symbol “YRD” since December 18, 2015.
2019 With the approval of it shareholders, Company changed it name from “Yirendai Ltd.” to “Yiren Digital Ltd.” on September 30, 2019.
The Company established Beijing Kechuang Xinlian Technology Co., Ltd., or Kechuang Xinlian, in China in November 2019.
2020 The Company acquired, through Yiren Wealth, all outstanding shares of Baijunda Logistics (Wuhan) Co., Ltd., or Baijunda, and Wuhan Linyi Business Consulting Co., Ltd., or Wuhan Linyi, in May 2020.
The Company established Fujian Jiaying Financing Guarantee Co., Ltd., or Fujian Jiaying, in September 2020 to provide financing guarantee services for our loan facilitation business and Zhenzhi Youpin (Hainan) Technology Trade Co., Ltd., or Zhenzhi Youpin, in October 2020 to operate our e-commerce platform.
2022 The Company established Beijing Yiyouxuan Technology Information Service Co., Ltd., or Yiyouxuan, in July 2022 to operate its electronic commerce business.
The Company established Yiren Vision Pte. Ltd., or Yiren Vision, in October 2022, Cashama Financing Corp., or Cashama Financing, in January 2023, and acquired Creditable Lending Corporation, or Creditable Lending, in February 2023 to expand our business internationally.
2023: In July 2023, the Company acquired 100 equity interest in Chongqing Jintong Financing Guarantee Co., Ltd., a licensed financing guarantee company in China, to enhance our offering of financing guarantee services in China.