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CHINA BRIEF | Consumer finance platform Qudian invests USD 100 million in luxury e-commerce firm Secoo

This investment will give Qudian a 28.9% stake in Secoo.

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  • According to the company’s first earning report since being listed in Nasdaq, gross margin also climbed to 5.1%.

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    CHINA BRIEF | Kingsoft Cloud books USD 1.2 billion in Q1 revenue

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