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Decided to take the loss on Gaotu Techedu (GOTU) today. I did not anticipate China forcing private education companies to become non-profit by law. Bought at $19.3993 sold at $2.5601 (86.80% loss). Ouch.
Return rate originations are slightly lower in June, but despite this, the rates for the last couple of years are still outperforming their target rates.https://bit.ly/3l8eeQq
Open Banking Expo and Token team up for payments survey #business #finance #p2p #lending #openbankingexpo #openbanking
https://www.p2pfinancenews.co.uk/2021/07/26/open-banking-expo-and-token-team-up-for-payments-survey/