Qudian Drops Amid Concerns in Chinese Media

After a successful IPO the Chinese online lender has seen shares drop as much as 20 percent after concerns about their business; Chinese media reports surfaced related to the high lending charges that exploit the poor and whether or nor they can handle increased defaults should the economy as a whole slow down; Qudian said the reports are “baseless attacks.” Source.

  • Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.