Core Viewpoint - Jiayin Group Inc. has entered into a definitive agreement to purchase commercial property in Shanghai for approximately RMB1.35 billion, which will serve as the company's new headquarters to support its business growth [4]. Company Overview - Jiayin Group Inc. is a leading fintech platform in China, established in 2011, focused on connecting underserved individual borrowers with financial institutions [3]. - The company operates a secure platform with a comprehensive risk management system and a proprietary risk assessment model utilizing advanced big data analytics [3]. Transaction Details - The commercial property being purchased covers approximately 43,500 square meters and the total cash consideration for the acquisition is around RMB1.35 billion [4]. - The completion of the purchase is subject to customary closing conditions [4].
Jiayin Group Inc. Announces Purchase of Commercial Property