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Jupai Holdings reports net loss in 3Q21, despite improving net revenues

NYSE-listed Chinese wealth manager Jupai Holdings has announced its unaudited financial results for 3Q21 and the nine months ended 30 September 2021. Its net revenues in 3Q21 were RMB 109.3 million (US$17.16 million), an increase of 28.4% from RMB 85.1 million in 3Q20, on the back of increases in one-time commissions and recurring management fees. Net revenues from one-time commissions…

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