#360 finance

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Chinese fintech 360 Finance gets a boost after management announces $60 million investment

Chinese fintech 360 Finance gets a boost after management announces $60 million investment

In a move suggesting rising confidence in the stock, 360 Finance, Inc. (NASDAQ: QFIN) has said the company and its major shareholder, FountainVest Partners, as well as the board Chairman Hongyi Zhou would raise their holding in the stock over the next 12 months by up to $60 million.  

This comes in the backdrop of better-than-expected revenuesin the third quarter, backed by a steady increase…

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360 Finance (QFIN) in recovery mode after upbeat Q3 results, new funding

360 Finance (QFIN) in recovery mode after upbeat Q3 results, new funding

Shares of 360 Finance, Inc. (NASDAQ: QFIN) have witnessed significant volatility ever since their Wall Street debut nearly a year ago. The China-based fintech company made strong gains this week after it reported stronger-than-expected revenues for the third quarter, though earnings missed the estimates.

Referring to the sharp increase in loan originations during the quarter, under the…

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