is the last struggle of Qudian on the edge of delisting? span>
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“The market value is less than 100 billion U.S. dollars, and no salary or bonus will be collected from the company.” Founder of Fun Store (NYSE: QD)This ambition issued by Luo Min two years ago is now more like an air tower. p>
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According to the financial report of the fourth quarter and full year of 2019 released by Fun Store on March 18, the total transaction size in the fourth quarter was 17.4 billion yuan, a decrease of 29% from the previous month; total revenue was 1.932 billion yuan (US $ 277 million), It was down 25.4% month-on-month, and adjusted net profit was 157 million yuan (US $ 23 million), a decline of up to 85.2%. Its stock price fell by more than 20% before the market, at 1.35 US dollars, hovering on the brink of delisting. At the same time as the financial report, the CFO announced his resignation. As of press time, its market value was 471 million US dollars, which was more than 10 billion US dollars when it was listed. 96%. p>
Backed by the big tree of Ant Financial, with Alipay’s diversion entrance and risk control support, the fun store started with cash loans once became a consumer finance giant. Since then, negative turbulences such as “naked loans” and “suicides” in the entire cash loan industry have continued. Under the pressure of narrowing business lines and monitoring risk, in August 2018 Ant Financial, the most important strategic partner of Fun Store, officially announced that, and Fun Store After the expiry of the cooperation agreement, it will not be renewed, and the stock price of Qudian has plummeted, and then Ant Financial has emptied its shares in Qudian. p>
Luo Min, who has tried to distribute leaflets and “100 failed 99 startups and only 1 successful”, has a typical style of speculation, pursues fast and fierce, frequently changes the track, and is in the main business of Internet finance. In addition, more than ten new projects have been launched: including auto finance product “Dabai Automobile Staging”, housekeeping platform “Weipujia”, alumni social platform “Same”, and 1-to-1 online video education platform “Fun Learning”, etc. . p>
Miles is more like a short-term attempt at a new circuit. Opportunities do not disappear completely: Many luxury brands that insist on “forcing” are forced to transform into digital because of the epidemic. Chanel publicly issued a statement announcing that it will temporarily close all production bases in France, Switzerland, and Italy in accordance with the latest French government instructions. The restoration date is to be determined. Its holiday series show will be re-enacted in the Advanced Craft Workshop series to be held in London on June 4. Both the big show and the Beijing big show have been closed.Hermès has decided to close 42 production bases in France, after Italian luxury brand Gucci has closed 6 factories and all stores in Italy. p>
Many luxury brands are under pressure from offline sales, and they are frequently undertaking online sales: Since the beginning of the year, Cartier, kenzo, Prada, Miu Miu have settled in Tmall, Gucci, Dior, and Hermes live shows, and Chanel is also the first time Reached a cooperation with Tencent Video to broadcast the big show. LV opened the first live show in Xiaohongshu and was accused of being “overturned.” Burberry performed a “cloud shopping” live broadcast on Taobao flagship store. “Bain 2019 Luxury Industry Report” pointed out that the global luxury market sales in 2018 increased by 6% year-on-year to 260 billion euros, Chinese consumers contributed more than a third of sales, and Gen Z has become a new growth engine. After the epidemic, domestic retaliatory consumption may break out. p>
From the pioneers of overseas luxury e-commerce, such as Net-a-porter, Mytheresa, LuisaViaRoma, Farfetch, etc., settled in China, and around 2008-2010, luxury e-commerce outlets broke out. Charm Hui, the catwalk network, etc. have been established one after another, but today, as a vertical e-commerce platform for small and medium-sized luxury goods, there are very few left, and those who have survived have also extended their tentacles to other areas. In 2017, Ali launched LuxuryPavilion, a luxury channel on Tmall. Currently, more than 150 brands have settled in. JD.com becomes Farfetch’s largest shareholder. After the entry of the giants and the reshuffle of the industry, the industry has become very mature and concentrated to the head. In addition, 92% of luxury brands entering China have opened official service numbers, maintaining their scarcity and high-end sense directly through social media such as WeChat, Xiaohongshu, and Douyin. p>
There is indeed an advantage from the actual price of Miles: The same Gucci Marmont nude crossbody bag costs 14318 yuan on Farfetch and 16720 yuan on temple library. New customers after subsidizing on Miles The price is only 12,999 yuan. p>
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