Qudian CEO Gives Up Pay Check After Stock Price Collapse

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Min Luo, founder and CEO of Chinese online consumer lending firm Qudian Inc. says he will not receive a salary or bonus until his company reached a market capitalization of US$100 billion. The NYSE-traded company currently has a market capitalization of US$5.54 billion, after falling nearly 50% from it initial public offering in October.

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Jason has over two decades of experience in financial journalism, having previously worked and written for The Wall Street Journal, The Los Angeles Business Journal, The South China Morning Post, Knight-Ridder Financial News, The Far Eastern Economic Review and others in Hong Kong, Korea and the U.S.