Qudian Invests $100 Million in Secoo
06.05.20
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Simpson Thacher is representing Qudian Inc. (NYSE: QD) in connection with its $100 million investment in Secoo Holding Limited (NASDAQ: SECO). Following the completion of the transaction, Qudian will own approximately 28.9% of Secoo’s issued and outstanding shares. Qudian and Secoo also entered into business cooperation in key strategic areas.
Qudian is a leading technology platform empowering the enhancement of online consumer finance experience in China. Secoo is Asia’s largest online integrated upscale products and services platform.
The Simpson Thacher team includes Yang Wang, Jun Feng, Kate Duan and Shuting Lu (Beijing - M&A); and Yi Gao and Kai Fan (Hong Kong - Capital Markets). John Ericson and James Rapp (New York - Capital Markets) provided valuable advice on U.S. securities law matters.