Company description

Mon, 09 Oct 2017 15:17:51 GMT

We are a provider of online credit products, we use big data-enabled technologies, such as artificial intelligence and machine learning, to transform the consumer finance experience in China. We target hundreds of millions of quality, unserved or underserved consumers in China. They are young, mobile-active consumers who need access to small credit for their discretionary spending but are underserved by traditional financial institutions due to their lack of traditional credit data and the operational inefficiency of traditional financial institutions. We believe our operating efficiency and big data analytics capability to understand our prospective borrowers from different behavioral and transactional perspectives, assess their credit profiles and offer them instantaneous and affordable credit products with customized terms distinguishes our business and offerings.

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Wed, 18 Oct 2017 15:51:35 GMT

Qudian Inc. (NYSE: QD), a provide of small loans, priced its IPO price at $24 per ADS and will start trading on NYSE today. The offering price is above the previous range of $19 to $22. It is offering 37.5m ADS’s, among which 35.6m are newly issued and 1.9m are from existing shareholders. The implied market cap after the IPO is approximately $7.9 billion, and the company reported $143.6m net income for the first six months of 2017 (vs $18m net income in the same period last year). If annualizing the first half 2017 net income, the implied P/E after IPO would be about 27.6. In addition, BABA’s related company, Ant Financial, owns 11.4% after the IPO through API (Hong Kong) Investment Limited.

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