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Qudian, one of the leading Chinese online lenders, had a 40% share price drop on 5x trading volume last week due to market concerns about reduced full-year guidance, rising delinquency ratios and sustainability of their business units.
In this article we discuss why we believe the selloff was largely unwarranted and was mostly caused by a chain reaction started by panic selling, margin calls and a short attack.
We'll discuss Qudian' strengths, backed by company and 3rd party data, as well as potential risks we see in the horizon, and lay out our thesis