An investigation on behalf of investors of 360 Finance, Inc. (NASDAQ: QFIN) shares over potential securities laws violations by 360 Finance, Inc. and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of 360 Finance, Inc. (NASDAQ: QFIN) concerning whether a series of statements by 360 Finance, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

China based 360 Finance, Inc. operates a digital consumer finance platform under the 360 Jietiao brand in the People's Republic of China. On or about December 14, 2018, 360 Finance, Inc. sold 3.1 million shares of stock in its initial public stock offering (the 'IPO'), at $16.50 a share raising $51,150,000 in new capital.
On August 23, 2019, 360 Finance, Inc announced that Mr. Jun Xu resigned from his roles as the Company's director and chief executive officer.