Qudian invests US$100 million in Secoo.com to become biggest shareholder

On June 2, Qudian and luxury service platform Secoo jointly announced that Qudian will subscribe for up to 10,204,082 newly issued Class A ordinary shares at a price of up to US$100 million.

On June 2, Qudian and luxury service platform Secoo jointly announced that Qudian will subscribe for up to 10,204,082 newly issued Class A ordinary shares at a price of up to US$100 million.

After the transaction is completed, Qudian will hold approximately 28.9% of Secoo’s shares and become its largest shareholder.

In addition, the two parties will carry out comprehensive strategic cooperation in the field of global luxury e-commerce.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/03/qudian-invests-us-100-million-in-secoo-com-to-become-biggest-shareholder/.

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