{"id":96602,"date":"2024-12-28T15:00:00","date_gmt":"2024-12-28T13:00:00","guid":{"rendered":"https:\/\/ironfx-com-php8.wp-dev.int.theitops.net\/?p=96602"},"modified":"2024-12-27T16:03:57","modified_gmt":"2024-12-27T14:03:57","slug":"qudian-a-leading-micro-lender-to-chinese-consumers","status":"publish","type":"post","link":"https:\/\/www.smartindonesiafx.id\/ru\/qudian-a-leading-micro-lender-to-chinese-consumers\/","title":{"rendered":"Qudian, a leading micro-lender to Chinese consumers"},"content":{"rendered":"

Qudian Inc. (Qudian) is a financial technology and stock company<\/a> located in Xiamen, China, that primarily offers credit services to consumers. A micro-lending enterprise by nature, the company provides short-term micro loans through its mobile app to China\u2019s young workers and college students. It has also broadened its focus, looking to deliver innovative products and services that cater to the essential, everyday needs of Chinese consumers through technology.<\/p>\n\n\n\n

Qudian was founded in 2014 by Mr Min Luo who today serves as the company Chief Executive Officer and Chairman of the Board of Directors. <\/p>\n\n\n\n

Prior to establishing Qudian, Mr Luo served as Vice President of Marketing at OkBuy.com, an online marketplace for shoe products and apparel in China. <\/p>\n\n\n\n

He has also held several other executive roles in companies like Jiyiri.com, an online birthday related service provider, and dipian.com, an online social platform directed at college students.<\/p>\n\n\n\n

\"Two<\/figure>\n\n\n\n

Qudian’s $900M U.S. IPO<\/strong><\/h2>\n\n\n\n

In October 2017, Qudian reportedly raised US$900 million in an IPO, marking the largest U.S. listing by a Chinese tech firm at the time.<\/p>\n\n\n\n

According to a Reuters article<\/a>, \u201cIts American depositary shares were priced at $24 each, above the marketed range of $19-$22.\u201d <\/p>\n\n\n\n

Additionally, \u201cQudian sold 35.63 million new shares, while shareholders including Kunlun Group <300418.SZ> and board directors Li Du and Yi Cao sold 1.88 million existing Qudian stocks<\/a>.\u201d<\/p>\n\n\n\n

Up to US$100 million strategic investment in SECOO<\/strong><\/h2>\n\n\n\n

On 3 June 2020, Qudian and Secoo Holding Limited, Asia\u2019s largest online platform for upscale products and services, announced that they had entered into a definitive agreement in which Qudian agreed to purchase up to 10,204,082 new issued Class A ordinary shares of Secoo for a total purchase price of US$100,000,003.60, at a price of US$9.80 per share. <\/p>\n\n\n\n

This completion of this transaction saw Qudian holding approximately 28.9% of\u00a0Secoo’s\u00a0issued and outstanding shares, becoming its largest shareholder.<\/p>\n\n\n\n

In addition, the companies also entered into a business cooperation agreement that focused on collaboration in the online luxury e-commerce business space.<\/p>\n\n\n\n

\"An<\/figure>\n\n\n\n

Market capitalisation and shareholding<\/strong><\/h2>\n\n\n\n

Qudian is listed and trades on the New York Stock Exchange under the ticker symbol #QD. The company\u2019s market capitalisation as of 27 September is valued at US$382.6 million, with revenue of US$202.57 million, but a net income of -US$272.12 million.<\/p>\n\n\n\n

According to its website, \u201ceach ADS of Qudian Inc. represents one Class A ordinary share.\u201d More specifically:<\/p>\n\n\n\n