BEIJING, May 28, 2020 /PRNewswire/ -- Hexindai Inc.
(NASDAQ: HX) ("Hexindai" or the "Company"), a fast-growing consumer
lending marketplace in China,
today announced that it has launched Xiaobai Maimai, a
membership-based social e-commerce mobile platform offering
high-quality and affordable branded products.
Xiaobai Maimai leverages the Company's integrated buyer
resources to select and source goods globally. Xiaobai Maimai
deploys a membership rating system that rewards users with a
commission for every purchase, share or recommendation of a product
made to friends. The app offers a wide variety of high-quality
products in the household goods, food and drinks, and luxury
categories.
Mr. Xiaobo An, Founder, Chairman and Chief Executive
Officer of Hexindai, commented: "We launched Xiaobai Maimai to
diversify our revenue streams and deepen the transformation of our
business. We believe social e-commerce has enormous growth
potential as consumer behavior increasingly shifts from offline to
online purchases and demand grows from China's emerging middle class. By integrating
our extensive buyer resources from all over the world, we are able
to source a diverse array of superior high-quality products at
competitive prices. Xiaobai Maimai is directly supported by a
dedicated operations team focused on enhancing the user experience
and a customer service team which offers concierge-level services
to our members. This allows us to guarantee product quality and
offer a personalized customer experience, which in-turn drives the
sharing and recommendation of our products and services. This
social e-commerce model not only benefits customers with
commissions for shopping and sharing products, but also helps
reduce marketing expenses. Leveraging our strong user acquisition
capabilities and deep experience in managing online and offline
operations, Xiaobai Maimai will position us to further drive the
transformation of our business and support sustainable growth going
forward."
About Hexindai Inc.
Hexindai Inc. (NASDAQ: HX) ("Hexindai" or the "Company") is
a fast-growing consumer lending marketplace based in Beijing, China facilitating loans to meet the
increasing consumption needs of underserved prime borrowers in
China. Hexindai provides borrowers
with convenient and ready access to comprehensive consumer finance
services. Hexindai's strong user acquisition capabilities,
cutting-edge risk management system, and strategic relationships
with respected financial institutions allow the Company to generate
higher customer satisfaction, reliance, and realize fast
growth.
Safe Harbor Statement
This announcement contains forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended. These forward-looking statements are made under the "safe
harbor" provisions of the U.S. Private Securities Litigation Reform
Act of 1995. These statements can be identified by terminology such
as "will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates," "potential," "continue," "ongoing,"
"targets," "guidance" and similar statements. The Company may also
make written or oral forward-looking statements in its periodic
reports to the U.S. Securities and Exchange Commission (the "SEC"),
in its annual report to shareholders, in press releases and other
written materials and in oral statements made by its officers,
directors or employees to third parties. Any statements that are
not historical facts, including statements about the Company's
beliefs and expectations, are forward-looking statements that
involve factors, risks and uncertainties that could cause actual
results to differ materially from those in the forward-looking
statements. Such factors and risks include, but not limited to the
following: the Company's goals and strategies; its future business
development, financial condition and results of operations; the
expected growth of the credit industry, and marketplace lending in
particular, in China; the demand
for and market acceptance of its marketplace's products and
services; its ability to attract and retain borrowers and investors
on its marketplace; its relationships with its strategic
cooperation partners; competition in its industry; and relevant
government policies and regulations relating to the corporate
structure, business and industry. Further information regarding
these and other risks, uncertainties or factors is included in the
Company's filings with the SEC. All information provided in this
announcement is current as of the date of this announcement, and
the Company does not undertake any obligation to update such
information, except as required under applicable law.
For more information, please visit
ir.hexindai.com.
For investor inquiries, please contact:
Hexindai
Investor Relations
Tel: +86-10-5357 9038
Email: ir@hexindai.com
Christensen
In China
Mr. Christian Arnell
Phone: +86-10- 5900-1548
E-mail: carnell@christensenir.com
In US
Mr. Tip Fleming
Phone: +1-917-412-3333
Email: tfleming@Christensenir.com
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SOURCE Hexindai Inc.