INVESTOR ALERT: Kirby McInerney LLP Reminds Traders {That a} Class Motion Lawsuit Has Been Filed Towards 360 DigiTech, Inc. and Encourages Traders to Contact the Agency Earlier than September 13, 2021

NEW YORK–(BUSINESS WIRE) – The law firm Kirby McInerney LLP announces that on behalf of those who 360 DigiTech, Inc. (“360 DigiTech” or the “Company”) (NASDAQ: QFIN) securities from April 30, 2020 through April 7, 2020, July 2021 (the “Class Period”). Investors have until September 13, 2021 to apply to the court for appointment as lead plaintiff in the litigation.

360 DigiTech, through its subsidiaries, operates a digital consumer finance platform under the 360 ​​Jietiao brand in the People’s Republic of China (“PRC”). The platform offers online consumer finance products to borrowers funded by institutional funding partners. The company also offers incremental credit checks, collections and other services, as well as defaulted loan guarantees. The company was formerly known as 360 Finance, Inc. and changed its name to 360 DigiTech, Inc. in September 2020.

On July 8, 2021, messages circulated on social media that the company’s core product, the 360 ​​IOU app, had been removed from major app stores. The reports followed the removal of other companies’ apps as Chinese regulators investigated their privacy practices for customers. As a result of this news, 360 DigiTech’s share price fell $ 7.12 per share, or approximately 21.48%, from $ 33.14 per share to close at $ 26.02 per share on July 8, 2021.

Then, on July 9, 2021, Seeking Alpha reported that 360 DigiTech had confirmed the removal of its 360 IOU app from the Android app store, quoting a company spokesperson as saying that the company had “filed a new rectification plan and the whole thing has strengthened “. Process.”

The lawsuit alleges that during the class action period, defendants made essentially false and misleading statements about the company’s business, operational, and compliance policies. In particular, Defendants have provided false and / or misleading information and / or failed to disclose that: (i) the Company collected personal data in violation of the relevant laws and regulations of the People’s Republic of China; (ii) accordingly, 360 DigiTech has been exposed to increased risk of regulatory scrutiny and / or enforcement action; and (iii) as a result, the Company’s public statements at all relevant times have been materially false and misleading.

If you have purchased or otherwise acquired 360 DigiTech securities, have information, or would like to learn more about these claims, please contact Thomas W. Elrod of Kirby McInerney LLP at 212-371-6600, via email at research @ or by filling out this contact form to discuss your rights or interests in relation to these matters at no cost to you.

Kirby McInerney LLP is a New York based law firm focused on securities, antitrust, whistleblower and consumer disputes. The company’s efforts on behalf of shareholders in securities disputes have resulted in total recoveries of billions of dollars. For more information about the company, please visit the Kirby McInerney LLP website:

This press release may be viewed as a solicitation in some jurisdictions subject to applicable laws and ethical rules.

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