BEIJING, Aug. 3, 2018 /PRNewswire/ -- 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.
About Qudian Inc. Limited
Qudian Inc. ("Qudian") is a leading provider of online small
consumer credit in China. The
Company uses big data-enabled technologies, such as artificial
intelligence and machine learning, to transform the consumer
finance experience in China. With
the mission to use technology to make personalized credit
accessible, Qudian targets hundreds of millions of young,
mobile-active consumers in China
who need access to small credit for their discretionary spending or
budget auto financing solutions, but are underserved by traditional
financial institutions due to lack of traditional credit data.
Qudian's data technology capabilities combined with its operating
efficiencies allow Qudian to understand prospective borrowers from
different behavioral and transactional perspectives, assess their
credit profiles with regard to both their willingness and ability
to repay and offer them instantaneous and affordable credit
products with customized terms, and distinguish Qudian's business
and offerings.
For more information, please visit ir.qudian.com
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the
United States Private Securities Litigation Reform Act of 1995.
These forward-looking statements can be identified by terminology
such as "will," "expects," "anticipates," "future," "intends,"
"plans," "believes," "estimates" and similar statements. Among
other things, the expectation of its collection efficiency and
delinquency, contain forward-looking statements. Qudian may also
make written or oral forward-looking statements in its periodic
reports to the SEC, in its annual report to shareholders, in press
releases and other written materials and in oral statements made by
its officers, directors or employees to third parties. Statements
that are not historical facts, including statements about Qudian's
beliefs and expectations, are forward-looking statements.
Forward-looking statements involve inherent risks and
uncertainties. A number of factors could cause actual results to
differ materially from those contained in any forward-looking
statement, including but not limited to the following: Qudian's
goal and strategies; Qudian's expansion plans; Qudian's future
business development, financial condition and results of
operations; Qudian's expectations regarding demand for, and market
acceptance of, its credit products; Qudian's expectations regarding
keeping and strengthening its relationships with borrowers,
institutional funding partners, merchandise suppliers and other
parties it collaborate with; general economic and business
conditions; and assumptions underlying or related to any of the
foregoing. Further information regarding these and other risks is
included in Qudian's filings with the SEC. All information provided
in this press release and in the attachments is as of the date of
this press release, and Qudian does not undertake any obligation to
update any forward-looking statement, except as required under
applicable law.
For investor and media inquiries, please contact:
In China:
Investor Relations
Annie Huang
Director of Capital Markets
E-mail: ir@qudian.com
Media
Binbin Yang
VP, Public Relations
E-mail: pr@qudian.com
The Piacente Group, Inc.
Ross Warner
Tel: +86-10-5730-6200
E-mail: qudian@tpg-ir.com
In the United States:
The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
E-mail: qudian@tpg-ir.com
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SOURCE Qudian Inc.