
Qudian Inc - ADR (NYSE:QD) shares are trading higher by 58.3% to $1.14 after the company announced a share repurchase program of up to $200 million.
Qudian says, under the share repurchase program, the company may repurchase its ADSs from time to time through open market transactions at prevailing market prices, privately negotiated transactions, block trades or any combination thereof.