Recent events
Recent events tied to this brand in public sources.
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2020
Jiufu subsidiary and PICC Property Insurance Guangdong branch bring mutual contract lawsuits
Jiufu disclosed that its subsidiary and PICC Property Insurance’s Guangdong branch had brought lawsuits against each other over contract performance. The outcome was uncertain, and Jiufu said it could adversely affect the company.
2020
Jiufu Group forms digital inclusive-finance partnerships
Jiufu Group formed partnerships with multiple licensed financial institutions in the digital inclusive-finance sector. The partners were described as including local commercial banks, private banks, consumer finance companies and licensed small-loan companies.
2020
PICC Property and Casualty Guangdong branch files lawsuit against Jufu entities
PICC Property and Casualty said its Guangdong branch filed a lawsuit against Jufu over a contract dispute, seeking the return of previously paid service fees and interest and asserting that it did not owe the unpaid fees. The Guangzhou Intermediate People's Court formally docketed the case on May 21, according to the report.
2020
PICC Property and Casualty sues Jiufu over service-fee dispute
PICC Property and Casualty's Guangdong branch sued Jiufu entities over a dispute about technical service fees. The reported amount at issue was approximately 2.3 billion yuan.
2019
玖富 releases third-quarter financial report
玖富 released its third-quarter financial report, which reported year-over-year growth in loan-matching volume and said that as of September 30, 2019, it had cooperated with 25 licensed financial institutions.
2019
Jiufu reports third-quarter 2019 results
Jiufu released its unaudited third-quarter 2019 results, reporting revenue of RMB 1.7055 billion and net income of RMB 10.5 million.
2019
Jiufu announces strategic investment in Hubei Consumer Finance
Jiufu announced that its wholly owned technology subsidiary, Teyi Shuke, would make a strategic investment in Hubei Consumer Finance through a new share issue and become its second-largest shareholder after the capital increase.
2019
Jiufu subsidiary takes a stake in Hubei Consumer Finance
A subsidiary of Jiufu took a stake in Hubei Consumer Finance; the source does not provide further details of the transaction.