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QFIN - 360 DigiTech's Lending App Returns To China Stores But Investors Unimpressed
360 Finance Inc.
Fintech company’s shares jump after announcement of return of its Jietiao app to Chinese app stores, but later give back all those gains and more.
Fintech loan facilitator 360 DigiTech says its main app was restored to Chinese app stores after its earlier removal for data collection violations.
Company’s stock initially rallied after news, but failed to recover to pre-crisis levels and later gave back all the gains amid a flood of shareholder lawsuits.