360 Finance: Management Stock Purchase Plan Shows Strong Confidence

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About: 360 Finance, Inc. (QFIN)
by: Aiden Research
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Aiden Research
US-listed Chinese Companies, long/short equity, research analyst, foreign companies
Summary

360 Finance released the investment plan of up to $60 MM from the management and FountainVest Partners.

Two consecutive investments from FountainVest Partners in a short period of time show strong confidence and commitment.

The investment will largely help to release the pressure from liquidation of early investors.

Without any change to the fundamentals, we are more optimistic about the company.

Investment Thesis

360 Finance, Inc. (NASDAQ: QFIN) released the investment plan of up to $60 MM from the management and FountainVest Partners in the next 12 months. We believe this is a strong signal