Financial How have consumer lending apps been faring in China?

Consumer lending apps suggest how many people are borrowing money and thus provide a gauge of consumer sentiment.

15 May 2020
  • In the first week of February, consumer lending apps reached their lowest download ranking in the data series going back to January 2019.
  • Monthly ranking scores for 2020 vs. 2019 – which remove the effect of seasonality – show the dip in Jan/Feb 2019 was less severe than in 2020.
  • However, the increase in March/April relative to January/February was more noticeable in 2020, at 13%.

China Consumer Lending App Ranking

Source: UBS Evidence Lab, Sensor Tower

China Consumer Lending App Ranking: Monthly Comparative Shift

Source: UBS Evidence Lab, Sensor Tower