PB Fintech, the parent company of digital payments leader PhonePe, reported a 45% increase in revenue and a 450% growth in profit, but faces concerns over margin pressure and slowing growth prospects as it prepares for an IPO. In the electric vehicle sector, Leapmotor posted a net loss of RMB 130 million (approximately USD 18 million) for the first quarter of 2025, marking an 87% year-on-year decrease. Its revenue surged 187% to RMB 10 billion (USD 1.4 billion), with sales rising 162% to 87,552 units, leading to a 2.6% increase in its stock price. Niu Technologies reported a net loss of about USD 5.35 million (RMB 38.84 million) in Q1 2025 despite a 66% year-on-year rebound in e-scooter sales in China, although revenue per unit declined. Qifu Technology started 2025 strongly with Q1 revenue of USD 646.4 million and an adjusted EPS of USD 1.86, driven by resilient user activity, record asset-backed securities issuance, and increased API channel contribution amid macroeconomic challenges.