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China Regulators, Police Probe Qudian Client Data Leak

  • Officials probing allegations that data on students leaked
  • Qudian shares have slumped 33% since its IPO in October
Updated on

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 investigation is ongoing and may not lead to any action against Qudian, the people said.