Is 360 Finance a Good Stock to Consider Now?
China's online lending industry is out of favor presently, thanks to challenges such as regulatory uncertainties, poor sentiments toward Chinese companies, and negative impacts from the COVID-19 outbreak. Understandably, investors have stayed away from the industry, leaving leading players such as 360 Finance Inc (NASDAQ: QFIN) to trade a low valuation of less than six times earnings. 360 Finance is an online lending platform in China, focusing on lending to underserved borrowers.
