NEW YORK, Dec. 8, 2017 /PRNewswire/ -- Kaplan Fox &
Kilsheimer LLP (www.kaplanfox.com) is investigating Qudian
Inc. ("Qudian" or the "Company") (NYSE:QD) on behalf of investors who purchased Qudian American
Depository Shares.
On October 17, 2017, Qudian issued 37.5 million American Depository Shares at $24 per share under a Registration Statement and Prospectus filed with the U.S. Securities and Exchange
Commission, for gross proceeds of $900 million. According to Qudian's IPO prospectus, "[a]s a
provider of online credit products, we use big data-enabled technologies, such as artificial intelligence and machine learning,
to transform the consumer finance experience in China."
On November 21, 2017, Chinese media sources began to reveal that the personal information of
millions of Qudian customers were allegedly available for sale on the black market. On November 23,
2017, Bloomberg reported that "Chinese regulators and police are investigating a potential leak of data from online
lender Qudian Inc., according to people
with knowledge of the matter. Officials are probing allegations that data from more than a million students who are clients
of Beijing-based Qudian was leaked and possibly sold online, said the people, who asked not to
be named discussing private information . . . The Chinese company's IPO prospectus didn't mention any leaks of data containing
customer information. Violations of protecting personal information carries possible penalties including shutdown of websites or
cancellation of business licenses under China's Cybersecurity Law." Between November 21 and 23, 2017, Qudian shares declined over 36%.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical
rules.
Kaplan Fox & Kilsheimer LLP, with offices in New York, San Francisco, Los
Angeles, Chicago and New Jersey, has decades of experience in prosecuting investor class actions. For more
information about Kaplan Fox & Kilsheimer LLP or its investigation, you may contact jcampisi@kaplanfox.com or visit our website at www.kaplanfox.com.
If you have any questions about this press release, please contact:
Jeffrey P. Campisi
KAPLAN FOX & KILSHEIMER LLP
850 Third Avenue; 14th Floor
New York, NY 10022
(212) 687-1980
(800) 290-1952
jcampisi@kaplanfox.com
www.kaplanfox.com
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SOURCE Kaplan Fox & Kilsheimer LLP