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Jianpu Technology Inc. (JT) stock has skyrocketed in aftermarket – Why is that so?

Jianpu Technology Inc. (JT) saw a push of 12.49% in the aftermarket because the company wins the Top Fintech Innovation Award and reveals Business Developments in new categories and markets. However, the last trading session concluded at $1.52 with a decrease of 5%.


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Top Fintech Innovation Award and Business Developments

On 29th October 2021, JT announced that it has been named one of the Top 10 Fintech Innovations for 2021. Jianpu’s competence in facilitating the digitalization of financial institutions was recognized by “The Chinese Banker” with the award. The Award is generally respected by the fintech sector, regulators, and financial institutions as one of the most prominent acknowledgments in China’s financial industry.  Moreover, JT is devoted to growth via innovation, embracing artificial intelligence, data science, analytics, cloud computing, machine learning, and other technologies to investigate and pursue breakthroughs across financial product categories and locations.

Furthermore, the Company has facilitated the issue of more than 20 million credit cards as China’s largest independent credit card application online platform. In addition to traditional content-driven traffic, the Company uses a program called the social media and Partner Program to market its platform through social media The Program has been extremely successful in terms of user acquisition and engagement, with around two-thirds of credit card application volume coming through this channel. Last but not least, JT plans to use the Program to develop into new company verticals and financial product categories.

National Certification as Secure Big Data Platform

On 29th September 2021, JT reported that the Zhuoxin  Big Data Program has awarded it the “Specialized Accreditation of Big Data Platform Security”. The certification was given by the China Academy of Information and Communication Technology’s Zhuoxin Big Data Program. In China’s data security industry, the Program is the first certification framework. Moreover, Jianpu was one of the first 100 candidates to be accepted into the program. Not only this, but it came into the list of top 5 who have received this certificate so far.

Jianpu has always addressed cybersecurity from the start and has a proven track record in this area. The company aims to build on this endorsement as an independent and open platform, bolstering the data security management capabilities while enabling banking services in a fast-changing market, paving the road for the financial services industry’s long-term growth and digitalization.

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