- 360 DigiTech announced its latest results, which look quite impressive as it sharply lowers costs through increasing automation.
- The company's revenue rose a modest 13% during the quarter to 3.6 billion yuan. But its profit soared by a factor of seven to 1.3 billion yuan from 183 million yuan a year earlier.
- In terms of valuation, 360 DigiTech’s shares now trade at a PE ratio that is really extremely low, reflecting the huge regulatory uncertainty the company faces.
For further details see:
Loan Facilitator 360 DigiTech's Profit Soars, As Investor Focus Elsewhere