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BABAF - 360 DigiTech: A Small Player With Big Support
Alibaba Group Holding Ltd
360DigiTech operates a platform through which it extends and facilitates financing in China.
Its ties with Qihoo 360, commercial bank KCB, and its top of the line technology make it a strong contender in the fast-growing Chinese fintech space.
Despite this, the stock trades at a heavy discount, but even U.S. investors won't be able to ignore what we expect will be great results in the next few years.