An investigation on behalf of investors of LexinFintech Holdings Ltd. (NASDAQ: LX) shares over potential securities laws violations by LexinFintech Holdings Ltd. and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of LexinFintech Holdings Ltd. (NASDAQ: LX) concerning whether a series of statements by LexinFintech Holdings Ltd. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

China based LexinFintech Holdings Ltd., through its subsidiaries, operates as an online consumer finance platform for young professionals in the People's Republic of China. LexinFintech Holdings Ltd. reported that its annual Total Revenue rose from over 7.59 billion CNY in 2018 to over 10.6 billion CNY in 2019, and that its Net Income increased from over 1.97 billion CNY in 2018 to over 2.29 billion CNY in 2019.
On August 25, 2020, a research report was published on LexinFintech. The report alleged, among other things, that LexinFintech Holdings Ltd. reported 'unfathomably low' delinquency rates by giving borrowers in default new funds to make payments and that LexinFintech Holdings Ltd. ( engaged in undisclosed related party transactions. Furthermore, according to the report, a review of the Company's web traffic calls into question the Company's purported growth.