NY-listed Chinese micro-credit provider Qudian to invest $100m in luxury platform Secoo

NY-listed Chinese micro-credit provider Qudian to invest $100m in luxury platform Secoo

Luxury watches on a table. Credit: WatchBox

New York-listed Chinese online micro-credit provider Qudian has entered into an agreement to invest over $100 million in Secoo, a Nasdaq-listed Chinese luxury products and services platform, to become its largest shareholder with a 28.9 per cent stake.

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