Qudian Inc. Provides Business Update

  • P2P Lending
  • 03.08.2018 12:15 pm

Qudian Inc. ("Qudian" or the "Company") (NYSE: QD), a leading provider of online small consumer credit products in China, today provided an update of its business.  

Currently, the Chinese peer-to-peer ("P2P") lending industry is experiencing volitilty and uncertainty largely due to difficulities in securing funds from individual investors. The Company would like to emphasize that its business model differs fundamentally from that of P2P lending platforms, as the Company does not rely on individuals for funding. Qudian utilizes secure, regulated, institutional funding sources, not individuals, and does not face the same liquidity concerns many P2P businesses may struggle with today. Qudian's target market, those underserved by traditional financial institutions, comprise the majority of China's 1.4 billion population, and their demand for small consumption-based credit is growing. With the Company's over 140 million historical transactions and cutting-edge big data and AI-based capabilities, Qudian's efficient platform is ideally suited to seize the consumption credit opportunity that lays before it. The Company's business fundamentals remain robust and operations are on track to achieve solid growth going forward. The Company looks forward to sharing more details in its upcoming second quarter 2018 earnings conference call.

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