Today, Luo Min published a blog piece, reflecting on his
mishandling of the media and public relations. He acknowledged his
immaturity, inexperience and ... arrogance. I love the piece, and
rate him 10 out of 10.
Qudian has rolled out a new line of business, selling cars and lending to car buyers, at lightening speed, once again demonstrating its unrivaled execution capabilities. Its earnings in 2018 may be a touch weaker than previously forecast. But who knows: it may surprise the market on the upside. Market expectations of Qudian are very low any way. Most importantly, it is in full compliance with the new regulations.
** I drank tea recently with the CEO
of Paipaidai, Cliff Zhang. He was on top of the new regulations and
the company was adapting to them in a structured way. He was calm,
radiating confidence.
** Last week, the regulators hosted a seminar in
Beijing with some key industry executives and regional regulators.
The key
Qudian has rolled out a new line of business, selling cars and lending to car buyers, at lightening speed, once again demonstrating its unrivaled execution capabilities. Its earnings in 2018 may be a touch weaker than previously forecast. But who knows: it may surprise the market on the upside. Market expectations of Qudian are very low any way. Most importantly, it is in full compliance with the new regulations.
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