QD - Qudian's food venture sells 9.56M dishes through recent livestreaming event

• Qudian ( NYSE: QD ) shares surged over 60% on Monday after consumer finance services provider delivered an update on its ready-to-cook meal business.
• Launched in March 2022, QD Food is Qudian's latest strategic venture. The business is said to have made remarkable progress since inception.
• QD Food currently offer over ten dishes. As of July 18, 2022, it had 15 warehousing, assembly and packaging facilities, delivering products to over 200 cities and towns across China. Consumers can place orders through three channels, Douyin's livestreaming platform, QD Food's WeChat mini-program, and the QD Food App.
• The company recently hosted a livestreaming event on Douyin that fueled sales of a total of ~9.56M dishes. The "717 Foodies Festival" event took No. 1 slot on Douyin for over ten hours, with peak concurrent viewers reaching a high of over 900K. The event featured CEO Min Luo introducing QD Food's products to millions of viewers.

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