China’s Internet Lenders Feel Pain of Economic Slowdown

China’s internet-lending companies face rising credit costs and a tougher environment for new loans due to the country’s slowing economy.

Shares of U.S.-listed Lufax Holding 360 DigiTech and LexinFintech Holdings have fallen dramatically this year. Though the three are profitable, they have reported a rise in bad loans that some analysts think will only get worse.