Analysts at Morgan Stanley also downgraded the stock. OneConnect, which provides a technology-as-a-service platform for Chinese financial institutions, reported diluted earnings per share equivalent to a loss of nearly $0.05 on total revenue equivalent to $149.7 million. "The management team worked diligently in the second quarter, to address changes from further regulatory tightening, the shift in customer needs and the operating environment," Ye Wangchun, chairman and CEO of OneConnect, said in a statement.
Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting