Shanghai-based wealth manager Noah Holdings also saw net loss in the fourth quarter of 2020, due to the Camsing settlement.
Jupai’s revenues down 40% in Q2
The firm’s total AUM was also down 20% to RMB 37.5bn from June last year.
Pandemic hits Jupai revenues in Q1
The demand for wealth management products distributed by the firm was down during the period.
Jupai reports sharp drop in 2019
Last year was the second consecutive year of losses for the NYSE-listed Chinese wealth manager, which also reported a plunge in net revenue due to “industry-wide headwinds”.
Jupai revenues plunge in tough WM climate
The NYSE-listed Chinese wealth manager reports a sharp drop in Q2 revenue and profit as HNWI clients turn risk-averse.
Jupai revenues down 35%
Private equity products have taken a hit, according to the quarterly results of China’s two NYSE-listed wealth managers, Jupai and Noah Holdings.
China’s Jupai reports surge in net income
The NYSE-listed Chinese asset and wealth manager reported a 119% spike in net income year-to-September and expects to see “high double-digit” revenue growth over the next couple years.
Chinese wealth manager to list on the NYSE
China’s rapid growth in private wealth is a factor in Shanghai-based Jupai Holdings decision to launch an IPO.