Luo Min once again promoted the transformation of Qudian, and Qudian announced the continuous listing of the New York Stock Exchange

On August 2, 2022, QD.UD, a US listed company, announced that the company received a notice from the NYSE on August 1, 2022, saying that it had re -listed the New York Stock Exchange for continuous listing.

On May 25, 2022, the New York Stock Exchange notified the company that its ADS closing price was less than $ 1 consecutive trading day in a row, which did not meet the exchanges' continuous listing standards.

On August 1, 2022, the New York Stock Exchange confirmed that the company's ADS closing price was calculated according to the company's average closing price during the 30 trading days as of July 29, 2022, exceeding the minimum stock price requirements of the NYSE 1.00 US dollars.

As of the closing of the Eastern Time on August 2nd, Qudian reported to $ 1.05, a 3.67%.

When the Ethical Store was free of the non -compliant boundary line of the US stock market, the company's founder and CEO Luo Min threw a lot of money in the live broadcast room of New Oriental, and sold prefabricated dishes at ultra -low prices in his live broadcast room. Luo Min's series of behaviors in Douyin triggered the resentment of some netizens, but at the same time, it also brought traffic to the live broadcast room.

At present, the name of its Douyin account has been changed from "Boss Luo Luo" to "Fun Store prefabricated dishes", and the number of fans is currently 4.709 million.

(Picture source: Douyin)

Founded in March 2014 and served a financial technology service company. In the early days of the company, he started a campus loan and then switched to fintech companies. On October 18, 2017, it was listed on the New York Stock Exchange.

After listing, Qudian has tried to develop a number of new businesses, involving e -commerce and education. In March 2020, Qudian launched the luxury e -commerce platform. But for half a year of operation, his reputation plummeted. On social platforms such as Xiaohongshu and Weibo, many users who bought goods on Wanli Mu suspected that the goods they bought were fake goods.

After the Wanli Mu project, in December 2020, Qudian launched an independent APP "Wanli Muzhu Children", with the goal of "creating the largest and most complete children's quality education complex in China."

Behind multiple industries seeking transformation is the continuous decline in the company's performance. The company's revenue fell from RMB 8.84 billion in 2019 to 1.65 billion yuan in 2021. Net profit fell from 3.26 billion yuan in 2019 to 586 million yuan in 2021.

According to the latest financial report, the first quarter of 2022 revenue revenue was 202 million yuan, and the same period in 2021 was 516 million yuan, a year -on -year decrease of 60.9%; The net profit of shareholders is 478 million yuan.

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