Weidai Ltd - ADR

Weidai Ltd. engages in the provision of auto-backed financing solutions. It transforms used automobiles, a type of no-standard collateral into investable assets to provide accessible credit for small and micro enterprises, and connects the borrowers with institutional funding partners through its platform. The company was founded by Hong Yao in February 2010 and is headquartered in Hangzhou, China.

Weidai Ltd. engages in the provision of auto-backed financing solutions. It transforms used automobiles, a type of non-standard collateral into investable assets to provide accessible credit for small and micro enterprises and connects the borrowers with institutional funding partners through its platform. The company was founded by Hong Yao in February 2010 and is headquartered in Hangzhou, China.

HANGZHOU, China , April 23, 2022 /PRNewswire/ -- Weidai Ltd. ("Weidai" or the "Company") (NYSE: WEI), an auto-backed financing solution provider in China, today announced that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2021 with the Securities and Exchange Commission (the "SEC") on April 22, 2022 U.S. Eastern Time.

Weidai Ltd. Files 2021 Annual Report on Form 20-F

HANGZHOU, China, April 11, 2022 /PRNewswire/ -- Weidai Ltd. ("Weidai" or the "Company") (NYSE: WEI), a leading auto-backed financing solution provider in China, today announced its financial results for the year ended December 31, 2021, which have not been audited or reviewed by the Company's independent registered accounting firm.

Weidai Ltd. Announces Full Year 2021 Financial Results

HANGZHOU, China, April 4, 2022 /PRNewswire/ -- Weidai Ltd. (the "Company" or "Weidai") (NYSE: WEI), a leading auto-backed financing solution provider in China, is issuing this press release in light of the unusual trading activity related to the American depositary shares (the "ADSs") of the Company on the New York Stock Exchange (the "NYSE") on April 1, 2022.

Weidai Comments on Unusual Market Activity

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HANGZHOU, China, March 28, 2022 /PRNewswire/ -- Weidai Ltd. ("Weidai" or the "Company") (NYSE: WEI), a leading auto-backed financing solution provider in China, today announced its preliminary results of revenue, loss from operations and net loss for the full year 2021.

Weidai Ltd. Announces Preliminary Full Year 2021 Financial Results

HANGZHOU, China, March 1, 2022 /PRNewswire/ -- Weidai Ltd. (the "Company" or "Weidai") (NYSE: WEI), a leading auto-backed financing solution provider in China, today announced that it has regained compliance with the New York Stock Exchange (the "NYSE")'s continued listing standard for share prices, after it received a letter from the NYSE dated August 31, 2021.

Weidai Regains Compliance with NYSE Minimum Price Requirement

A one-for-five reverse ADS split of Weidai Ltd. (NYSE: WEI) has gone into effect.

Weidai Stock (WEI): 1-For-5 Reverse ADS Split Goes Into Effect

HANGZHOU, China, Jan. 25, 2022 /PRNewswire/ -- Weidai Ltd. (the "Company" or "Weidai") (NYSE: WEI), a leading auto-backed financing solution provider in China, today announced that it will change the ratio of its American depositary shares ("ADSs") representing its Class A ordinary shares from one (1) ADS representing one (1) Class A ordinary share to one (1) ADS representing five (5) Class A ordinary shares.

Weidai Updates ADS Ratio Change

HANGZHOU, China, Jan. 13, 2022 /PRNewswire/ -- Weidai Ltd. (the "Company" or "Weidai") (NYSE: WEI), a leading auto-backed financing solution provider in China, today announced that it will change the ratio of its American depositary shares ("ADSs") representing its Class A ordinary shares from one (1) ADS representing one (1) Class A ordinary share to one (1) ADS representing three (3) Class A ordinary shares.

Weidai Announces ADS Ratio Change

HANGZHOU, China, Nov. 18, 2021 /PRNewswire/ -- Weidai Ltd. ("Weidai" or the "Company") (NYSE: WEI), a leading auto-backed financing solution provider in China, today announced that it will hold its annual general meeting of shareholders at Hongxin Science and Technology Park, No.668, Jianshe Third Road, Xiaoshan District, Hangzhou, Zhejiang Province, the People's Republic of China on December 15, 2021 at 11:00 a.m.

Weidai Ltd. to Hold Annual General Meeting on December 15, 2021

HANGZHOU, China, Sept. 24, 2021 /PRNewswire/ -- Weidai Ltd.

Weidai Announces Receipt of NYSE Non-compliance Letter Regarding ADS Trading Price on August 31, 2021

HANGZHOU, China, Aug. 27, 2021 /PRNewswire/ -- Weidai Ltd. ("Weidai" or the "Company") (NYSE: WEI), a leading auto-backed financing solution provider in China, today announced its financial results for the six months ended June 30, 2021, which have not been audited or reviewed by the Company's independent registered accounting firm.

Weidai Ltd. Announces Unaudited Financial Results for the Six Months Ended June 30, 2021

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The stock price of Weidai Ltd (NYSE: WEI) increased by over 60% during intraday trading. These are the details.

WEI Stock Price Increases Over 60%: Details

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Shareholders of Grupo Supervielle SA ( SUPV , Financial) and Weidai Ltd ( WEI , Financial) have seen their assets going down in value dramatically over the past couple of years, underperforming the S&P 500 Index substantially.

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HANGZHOU, China, April 8, 2021 /PRNewswire/ -- Weidai Ltd. ("Weidai" or the "Company") (NYSE: WEI), a leading auto-backed financing solution provider in China, today announced that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2020 with the Securities and Exchange Commission (the "SEC") on April 8, 2021 U.S. Eastern Time.

Weidai Ltd. Files 2020 Annual Report on Form 20-F

The stock price of Weidai Ltd (NYSE: WEI) increased by over 30% pre-market. These are some details about the company you should know.

Weidai Stock Price Increased Over 30% Pre-Market: Details You Should Know

HANGZHOU, China, March 19, 2021 /PRNewswire/ -- Weidai Ltd. ("Weidai" or the "Company") (NYSE: WEI), a leading auto-backed financing solution provider in China, today announced its financial results for the year ended December 31, 2020, which have not been audited or reviewed by the Company's independent registered accounting firm.

Weidai Ltd. Announces Full Year 2020 Financial Results

HANGZHOU, China, Nov. 20, 2020 /PRNewswire/ – Weidai Ltd. ("Weidai" or the "Company") (NYSE: WEI), a leading auto-backed financing solution provider in China, today announced that it will hold its annual general meeting of shareholders at No. 9 Baiyun Road, Shangcheng District, Hangzhou,...

Weidai Ltd. to Hold Annual General Meeting on December 15, 2020

HANGZHOU, China, Nov. 18, 2020 /PRNewswire/ -- Weidai Ltd. (the "Company" or "Weidai") (NYSE: WEI), a leading auto-backed financing solution provider in China, today announced that it has regained compliance after it received a letter from the New York Stock Exchange (the "NYSE") dated...

Weidai Regains Compliance after Receipt of NYSE Non-compliance Letter Regarding ADS Trading Price on October 20, 2020

HANGZHOU, China, Sept. 17, 2020 /PRNewswire/ -- Weidai Ltd.

Weidai Ltd. Announces Financial Results for the Six Months Ended June 30, 2020

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HANGZHOU, China, May 27, 2020 /PRNewswire/ -- Weidai Ltd. ("Weidai" or the "Company") (NYSE: WEI), a leading auto-backed financing solution provider in China, today announced its financial results for the full year ended December 31, 2019, which have not been audited or reviewed by the...

Weidai Ltd. Announces Full Year 2019 Financial Results

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News for Weidai Ltd - ADR Stock (WEI)