Qudian Inc. Faces Revenue Decline but Remains Optimistic

Qudian Inc. (QD) has released an update.

Qudian Inc., a consumer-oriented technology company, has reported a significant decrease in total revenues for Q4 and full year 2023, with a net loss for Q4 but an overall net income for the year. Despite winding down its loan book business, the company has seen revenue from its smart last-mile delivery business and is introducing a ‘Buy Now, Pay Later’ solution. Qudian’s Board has also authorized a new share repurchase program to buy back up to $300 million worth of shares within the next 36 months.

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