Chinese lender Qudian is eyeing luxury e-commerce consumers
Posted On June 3, 2020
Qudian, an online micro-loan lender, has agreed to buy up to $100 million worth of shares from the high-end e-retailer Secoo, suggesting its great motive to lure borrowers from the luxury e-commerce sector. The buy-in will form a solid partnership in various areas from financial solutions and logistics, to post-sales services. The purchase will make Qudian the largest shareholder with a 28.9% stake of Secco.