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360 Finance chairman, others to buy US$60M of company shares

360 Finance Inc. Chairman Hongyi Zhou, certain members of the company's management team and shareholder FountainVest Partners intend to collectively invest up to US$60 million in the Chinese digital consumer finance platform.

The group did not disclose specific details but said it will increase its joint stake in 360 Finance over the next 12 months, according to a release.