On September 25, 2017, Heng Ren Investments L.P. announced that it has sent a letter to Jumei International Holding's Board of Directors regarding information about their new online lending business, and their increasingly erratic use of shareholders' cash. Further, Heng Ren added that the Company is making another costly, questionable, cash-intensive investment in a non-core, high-risk business that could be a waste of shareholders' money. In addition, Heng Ren stated that its concern is heightened by the fact that the Company has not yet disclosed any information at all about its financial condition in 2017 to shareholders or U.S. regulators.