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QD - Qudian Finds New Business Model In Buying Back Shares
Qudian Inc. American Depositary Shares each representing one Class A
Qudian has announced a $200 million share buyback plan, extending a recent series of buying of its own stock.
Aggressive share purchasing comes as Qudian dramatically scales back its original consumer lending business and searches for a new business model.
In fact, the stock fell 11% a day earlier after the company announced its latest quarterly results that showed its original lending business continued to rapidly shrink.