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The. year-over-year decline was mainly attributable to substantially lower. loan facilitation volumes, which reduced loan facilitation service. revenue and post-origination service revenue, partially offset by higher. pressure remained elevated in the seasoned portfolio.Mr. Kent Li, President of X Financial, commented: \"In the second quarter of 2026, we facilitated and originated RMB11.6 billion in loans, a decline of 20.5% from the prior quarter and 70.2% year-over-year. Borrower activity continued to contract, with active borrowers declining to approximately 720,258, down 74.8% from a year ago, while the average loan amount increased to RMB12,712. The 31--60 day delinquency rate decreased to 1.73% from 2.61% in the prior quarter, and the 91--180 day rate eased to 9.09% from 9.95%. 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Chatter: Alibaba Launches AI Video Generatrion Tool","url":"https://stock-news.laohu8.com/highlight/detail?id=2661224919","media":"MT Newswires Live","labels":["productRelease"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2661224919?lang=en_us&edition=fundamental","pubTime":"2026-08-24 16:59","pubTimestamp":1787561976,"startTime":"0","endTime":"0","summary":"Alibaba  has officially rolled out its Wan3.0 AI video generation tool, Reuters reported Monday.The new model is able to produce 30-second videos from documents, spreadsheets, slides, and web pages, the report said, citing a post on China's WeChat platform.A beta version of the tool was launched earlier this month.Alibaba did not immediately reply to MT Newswires' request for 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Kong Stocks Close: Hang Seng Falls 1.89% as Optical Communication Stocks Plunge, Alibaba Drops 8% on $10.2B AI-Focused Share Placement","url":"https://stock-news.laohu8.com/highlight/detail?id=1175290817","media":"Stock News","labels":["shareholding"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1175290817?lang=en_us&edition=fundamental","pubTime":"2026-08-24 16:41","pubTimestamp":1787560899,"startTime":"0","endTime":"0","summary":"Hong Kong's three major stock indices came under sustained selling pressure throughout Wednesday's session, with the Hang Seng Index losing the 26,000-point threshold and the Hang Seng Tech 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