Qudian Inc. QD

Qudian, Inc. is a holding company that operates in the Chinese consumer finance sector, offering an online customer credit technology platform. The company aims to make credit more widely available to young consumers who are mobile-active.. All business is conducted in China, and the company’s headquarters are located in Xiamen, Fujian Province, China. Qudian was founded in 2014.

There are two strands to Qudian’s services: traditional online instalment credit products for cash or merchandise, and transaction services, which provides loan recommendations to third-party financial institutions. The majority of transactions are conducted through mobile devices. Qudian delivers an alternative consumer finance experience in China, transformed by artificial intelligence (AI) and machine learning. It targets young consumers seeking credit for personal spend but who are unable to access credit from traditional financial institutions because they are too young to have adequate conventional credit data. Customer profiles are built up using AI, and these can be used to assess a customer’s willingness and ability to make repayments. Borrowing decisions are based on this data and can be provided immediately. Borrowers can apply for credit via a mobile device, and if the credit is approved, cash is paid in digital form into the customer’s Alipay account.

Qudian can be found on the NYSE, where it trades under the ticker QD.

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