JFU Stock Analysis

9F Inc

9F Inc. is a blockchain-based digital securities brokerage platform and service technology company. The Company serves the global markets from its headquarters in Hong Kong, and has a network of local offices in Mainland China, Singapore, Indonesia, Thailand, Vietnam and other Southeast Asian countries. The Company leverages advanced internet technologies to serve a global customer base with a particular focus on young users. It offers worldwide investment and digital asset management services and connects global investors with investment opportunities that come with the vast potential of China's new consumer economy and the appreciation of global digital assets. The Company currently holds Type 1 (dealing in securities), Type 4 (advising on securities), Type 5 (advising on future contract) and Type 9 (asset management) Licenses under the Securities and Futures Ordinance in Hong Kong, and has a veteran team experienced in securities services. The Company also holds multiple financing service licenses in Southeast Asia and plans to apply for blockchain-based securities service licenses and digital assets management licenses in other countries and regions such as Singapore and the United States. As of December 31, 2020, the Company has accumulated approximately 113 million registered users, and has 65% of its employees engaged in research, product development and operation functions. Benefiting from the strength of its internet technologies, the scalability of its business, and the increasing weightage of employees servicing the overseas markets, the Company has shifted the primary focus of its business into a blockchain-based securities brokerage service platform. The Company's vision is to empower young investors around the world to make investment in a new ecosystem involving "new consumption, new technology and new fortune", using our intelligent investment services. Pursuant to industry-wide policy requirements, Jiufu Puhui, a subsidiary of the Company based in Mainland China, has ceased its online lending information intermediary services in Mainland China in 2020. Outstanding loans under the relevant online lending activities have been transferred to certain third parties and Jiufu Puhui will continue to provide technical support for debt collection and post-origination customer services to such independent third parties to facilitate the phasing out of the online lending intermediary businesses and the settlement of outstanding loans. Jiufu Shuke, a subsidiary of the Company based in Beijing, will shift its business focus to the provision of financial technologies enablement services for f inancial institutions. Ether Securities Hong Kong (previously known as Fuyuan Securities Hong Kong) will serve as the headquarters under the Company's revamped business strategy and the central hub of a long-established network spanning Hong Kong, Southeast Asia, as well as other overseas markets. The Company plans to procure additional licenses in Singapore, the U.S. and beyond and leverage internet and blockchain technologies, thereby expanding its overseas operations progressively to provide global securities investment and digital assets management services.