It is alleged in this complaint that Jianpu made materially misleading and/or false statements, and failed to disclose to investors that: (i) certain transactions carried out by Jianpu’s Credit Card Recommendation Business Unit involved undisclosed relationships or lacked business substance; (ii) that, as a result, Jianpu’s revenue, and expenses for fiscal years 2018 and 2019 were overstated; (iii) that there were material weaknesses in Jianpu’s internal control over financial reporting; (iv) that, as a result, Jianpu’s fiscal year 2018 Form 20-F was reasonably likely to be restated; and (v) that, as a result, Jianpu’s positive statements about the their prospects, operations, and business, were materially misleading and/or lacked a reasonable basis.

Jianpu Technology, Inc.

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Joining the case through the Portnoy Law website enables investors to learn about their legal claims and take an active role in recovering their losses.

The Portnoy Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

Portnoy Law Firm
Lesley F. Portnoy, Esq.,
Office: 310.692.8883
1800 Century Park East, Suite 600
Los Angeles, CA 90067