Qudian: A Slow-motion Privatization?
1. Qudian's revenue fell by over 50% in Q1 2025. 2. The company is considering closing its last-mile delivery service due to competition. 3. Cash holdings enable stock buybacks, potentially leading to privatization efforts. 4. Qudian has reduced its outstanding shares by a third in three years. 5. Major investors remain confident despite recent failures in business ventures.