Qudian (QD) has released an update.
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Qudian Inc., a technology company focused on consumer-oriented services in China, reported substantial growth with second-quarter 2024 revenues reaching RMB53.3 million, a notable increase from RMB11.1 million in the same period last year. The company’s net income saw a dramatic turnaround with RMB99.8 million reported, in contrast to a net loss of RMB76.9 million the previous year. This financial rebound is largely attributed to the success of their last-mile delivery business, which has shown steady progress and significant revenue generation.
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