<SEC-DOCUMENT>0000950123-18-007104.txt : 20190607
<SEC-HEADER>0000950123-18-007104.hdr.sgml : 20190607
<ACCEPTANCE-DATETIME>20180730163032
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000950123-18-007104
CONFORMED SUBMISSION TYPE:	DRSLTR
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20180730

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Jiayin Group Inc.
		CENTRAL INDEX KEY:			0001743102
		STANDARD INDUSTRIAL CLASSIFICATION:	FINANCE SERVICES [6199]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DRSLTR

	BUSINESS ADDRESS:	
		STREET 1:		26TH FLOOR,BUILDING NO.1,YOUYOU CENTURY
		STREET 2:		PLAZA,428 SOUTH YANGGAO ROAD,PUDONG
		CITY:			SHANGHAI
		STATE:			F4
		ZIP:			200122
		BUSINESS PHONE:		86 2160828732

	MAIL ADDRESS:	
		STREET 1:		26TH FLOOR,BUILDING NO.1,YOUYOU CENTURY
		STREET 2:		PLAZA,428 SOUTH YANGGAO ROAD,PUDONG
		CITY:			SHANGHAI
		STATE:			F4
		ZIP:			200122
</SEC-HEADER>
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<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">26th Floor, Gloucester Tower</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">The Landmark</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">15 Queen&#146;s Road
Central</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Hong Kong</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Telephone: +852 3761 3300</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Facsimile:
+852 3761 3301</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">www.kirkland.com</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">David Zhang</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">To Call Writer Directly<BR>+852 3761 3318</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">david.zhang@kirkland.com</P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">July 30, 2018 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">CONFIDENTIAL </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Draft Registration Statement </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Division of Corporation Finance </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">U.S. Securities and Exchange
Commission </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">100 F Street, N.E. </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Washington, D.C. 20549 </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">Re:</TD>
<TD ALIGN="left" VALIGN="top">Jiayin Group Inc. </TD></TR></TABLE> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">CIK 0001743102<U> </U></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman"><U>Confidential Submission of Draft Registration Statement on Form <FONT STYLE="white-space:nowrap">F-1</FONT></U> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dear Sir or Madam: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On behalf of our client,
Jiayin Group Inc. (the &#147;Company&#148;), a foreign private issuer incorporated under the laws of the Cayman Islands, we are submitting the Company&#146;s draft Registration Statement on Form <FONT STYLE="white-space:nowrap">F-1</FONT> (the
&#147;Draft Registration Statement&#148;) relating to a proposed initial public offering in the United States of American Depositary Shares (&#147;ADSs&#148;), representing the Company&#146;s ordinary shares, par value US$0.0001 per share. The ADSs
are expected to be listed on the New York Stock Exchange or Nasdaq Global Market. Subject to market conditions and the resolution of the comments of the staff of the Securities and Exchange Commission (the &#147;Staff&#148;) on the Draft
Registration Statement, the Company expects to file a preliminary prospectus with a price range and commence its marketing efforts in October 2018. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Company is an &#147;emerging growth company,&#148; as defined in Section&nbsp;2(a) of the Securities Act of 1933, as amended. In
accordance with the procedures of the Securities and Exchange Commission (the &#147;Commission&#148;) for emerging growth companies, the enclosed Draft Registration Statement is being submitted to the Staff in draft form and for the Staff&#146;s
review on a confidential basis. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Company respectfully advises the Commission that the consolidated financial statements contained in
the Draft Registration Statement were prepared using ASC 605 for revenue recognition, and the Company intends to adopt ASU 2014-09 &#147;Revenue from Contracts with Customers (Topic 606)&#148; from January 1, 2018 with a full retrospective approach.
The Company is in the process of preparing the consolidated financial statements for 2016 and 2017 as well as for the six months ended June 30, 2018 under ASC 606 which the Company intends to submit in subsequent registration statements. The
adoption of ASC 606 is expected to have a material impact on the consolidated financial statements. Please refer to page F-22 of the Draft Registration Statement for more details. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">If you have any questions regarding the Draft Registration Statement, please contact me at david.zhang@kirkland.com, +852 3761 3318 (work) or
+852 9124 8324 (cell), or Steve Lin at steve.lin@kirkland.com, +86 10 5737 9315 (work) or + 86 186 1049 5593 (cell) </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman"><B>PARTNERS: </B>Pierre-Luc Arsenault<SUP STYLE="font-size:85%; vertical-align:top">3</SUP> | Lai Yi Chau | Justin M. Dolling<SUP
STYLE="font-size:85%; vertical-align:top">6</SUP> | David Patrick Eich<SUP STYLE="font-size:85%; vertical-align:top">1,5,6</SUP> | Liu Gan<SUP STYLE="font-size:85%; vertical-align:top">2</SUP> |&nbsp;Damian C. Jacobs<SUP
STYLE="font-size:85%; vertical-align:top">6</SUP> | Guang Li<SUP STYLE="font-size:85%; vertical-align:top">3</SUP> |&nbsp;Neil E.M. McDonald | Kelly Naphtali | Ram Narayan<SUP STYLE="font-size:85%; vertical-align:top">3</SUP> | Nicholas A. Norris<SUP
STYLE="font-size:85%; vertical-align:top">6</SUP> | Derek K.W. Poon<SUP STYLE="font-size:85%; vertical-align:top">3,6</SUP> | Paul S. Quinn |&nbsp;Richard C.C. Sharpe | Jesse D. Sheley<SUP STYLE="font-size:85%; vertical-align:top">#</SUP> | Arthur
K.H. Tso | Susan S.X. Wang | Li Chien Wong | Wanda T.K. Woo |&nbsp;David Yun<SUP STYLE="font-size:85%; vertical-align:top">6</SUP> | Jacqueline B.N. Zheng<SUP STYLE="font-size:85%; vertical-align:top">3,6</SUP> </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman"><B>REGISTERED FOREIGN LAWYERS: </B>Daniel J. Abercromby<SUP STYLE="font-size:85%; vertical-align:top">6</SUP> | Damien Coles<SUP
STYLE="font-size:85%; vertical-align:top">6</SUP> |&nbsp;Meng Ding<SUP STYLE="font-size:85%; vertical-align:top">3</SUP> |&nbsp;Daniel Dusek<SUP STYLE="font-size:85%; vertical-align:top">3</SUP> |&nbsp;David M. Irvine<SUP
STYLE="font-size:85%; vertical-align:top">6</SUP> | Hao-Chin Jeng<SUP STYLE="font-size:85%; vertical-align:top">3</SUP> | Benjamin W. James<SUP STYLE="font-size:85%; vertical-align:top">4</SUP> |&nbsp;Cori A. Lable<SUP
STYLE="font-size:85%; vertical-align:top">2</SUP> | Xiaoxi Lin<SUP STYLE="font-size:85%; vertical-align:top">3</SUP> |&nbsp;Daniel R. Lindsey<SUP STYLE="font-size:85%; vertical-align:top">6</SUP> |&nbsp;Daniel A. Margulies<SUP
STYLE="font-size:85%; vertical-align:top">6</SUP> | Peng Qi<SUP STYLE="font-size:85%; vertical-align:top">3</SUP> |&nbsp;Wenchen Tang<SUP STYLE="font-size:85%; vertical-align:top">3</SUP> | Xiaoyao
Yin<SUP STYLE="font-size:85%; vertical-align:top">3</SUP> | David Zhang<SUP STYLE="font-size:85%; vertical-align:top">3</SUP> | Yue Zhang<SUP STYLE="font-size:85%; vertical-align:top">3</SUP> </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman"><B>ADMITTED IN: </B><SUP STYLE="font-size:85%; vertical-align:top">1</SUP> State of Illinois (U.S.A.); <SUP STYLE="font-size:85%; vertical-align:top">2</SUP>
Commonwealth of Massachusetts (U.S.A.); <SUP STYLE="font-size:85%; vertical-align:top">3</SUP> State of New York (U.S.A.); <SUP STYLE="font-size:85%; vertical-align:top">4</SUP> State of Texas (U.S.A.);
<SUP STYLE="font-size:85%; vertical-align:top">5</SUP> State of Wisconsin (U.S.A.); <SUP STYLE="font-size:85%; vertical-align:top">6</SUP> England and Wales; <SUP STYLE="font-size:85%; vertical-align:top">#</SUP> non-resident </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman">Beijing Boston Chicago Dallas Houston London Los Angeles Munich New York Palo Alto San Francisco Shanghai Washington, D.C. </P>

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 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">U.S. Securities and Exchange Commission </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">30 July 2018 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Page 2 </P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">or Meng Ding at meng.ding@kirkland.com, +852 3761 3309 (work) or +852 5366 8197 (cell).
Questions pertaining to accounting and auditing matters may be directed to Neo Lin of Deloitte Touche Tohmatsu Certified Public Accountants LLP at nlin@deloitte.com.cn, +86 21 6141 1990 (work). Deloitte Touche Tohmatsu Certified Public Accountants
LLP is the independent registered public accounting firm of the Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Thank you for your time and attention. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
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<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/&nbsp;&nbsp;&nbsp;&nbsp;David Zhang</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">David Zhang</TD></TR>
</TABLE></DIV> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Enclosure </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">c.c.</TD>
<TD ALIGN="left" VALIGN="top">Chunlin Fan, Chief Financial Officer </TD></TR></TABLE> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">David T. Zhang, Esq., Partner, Kirkland&nbsp;&amp; Ellis
International LLP </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Steve Lin, Esq., Partner, Kirkland&nbsp;&amp; Ellis International LLP </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Meng Ding, Esq., Partner, Kirkland&nbsp;&amp; Ellis International LLP </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Chris K.H. Lin, Esq., Partner, Simpson Thacher&nbsp;&amp; Bartlett LLP </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Daniel Fertig, Esq., Partner, Simpson Thacher&nbsp;&amp; Bartlett LLP </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Neo Lin, Partner, Deloitte Touche Tohmatsu Certified Public Accountants LLP </P>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
