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Jupai sees loss narrow in 3Q20, downsizes for a more focused approach

NYSE-listed Chinese wealth manager Jupai Holdings has reported a narrower loss in 3Q20, compared to the same period last year. As the firm slowly recovers from a major transition and industry-wide overhaul, it continues to reduce its team of wealth management advisors and the number of domestic service centres. Its chairman of the board and CEO, Ni Jianda, was nevertheless…

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