There are two differences between Huabei, Jiebei and Yu'ebao:

1. The essence of the three is different:

1. The essence of Huabei: Ant Huabei is a consumer credit product launched by Ant Financial.

2. The essence of Jiebei: Jiebei is a loan service launched by Alipay. The current application threshold is that Sesame points are above 600.

3. The essence of Yu’e Bao: Yu’e Bao is a balance value-added service and current fund management service product of Ant Financial, launched in June 2013.

The functions of the two and three are different:

1. The function of Huabei: After opening Huabei, you will get a consumption quota ranging from 500-50,000 yuan. When users are consuming, they can prepay Ant Huabei's credit and enjoy the shopping experience of "spend first, pay later".

2. The role of borrowing: Depending on the score, the loan amount that users can apply for ranges from 1,000 to 300,000 yuan. The maximum repayment period for Borrowing is 12 months, and the daily loan interest rate is 0.045%. You can repay as you borrow.

3. The role of Yu’ebao: In addition to financial management functions, Yu’ebao can also be directly used for consumer payments such as shopping, transfers, and bill repayments. It is a cash management tool in the mobile Internet era. At present, Yu'e Bao is still the largest monetary fund in China.

Extended information:

1. Huabei’s credit limit:

Ant Huabei considers the consumer’s online shopping situation, payment habits, credit risk, etc. , through big data calculations and combined with risk control models, users are granted consumption quotas ranging from 500-50,000.

Ant Huabei’s quota is granted based on the user’s accumulated consumption, repayment and other behaviors on the platform. Users’ various behaviors on the platform are dynamic and changing, and the corresponding quota is also dynamic. When If the user behaves well within a period and complies with the quota increase policy, the corresponding quota may be increased. Ant Huabei cannot be opened or raised through others. Please do not trust others and leak personal information. [8]?

On October 18, 2018, Huabei officially launched the “Quota Management” function. Users can independently adjust their Huabei quota according to their actual needs.

2. Huabei’s repayment method:

Users can advance Ant Huabei’s credit when making purchases and repay it on the 9th of the next month after confirmation of receipt. The interest-free period can be up to 41 days. In addition to the "buy this month, pay back next month, super long-term interest-free" consumption experience, Ant Huabei also launched the Huabei installment function, where consumers can repay in 3, 6, 9, or 12 months.

The 9th of every month is the repayment date for Huabei. Users need to pay off the Huabei bills that have been generated on the repayment date. On the due date of repayment, the system will automatically deduct the balance of Alipay account, Yu'E Bao (requires Yu'E Bao deduction function), and debit card quick payment (including card) to repay the unpaid portion of the bill. You can also take the initiative to make repayments. To avoid overdue payments, please ensure that your Alipay account has sufficient funds. If the payment is overdue, a late fee of 0.05% will be charged per day.

On November 12, 2018, Alipay announced the launch of new functions, saying that Huabei’s deferred repayment function would be fully launched on December 1. To put it simply, the Huabei extension is equivalent to a simple transition, which can alleviate the repayment pressure of hand-pickers to a certain extent.

Baidu Encyclopedia - Huabei

Baidu Encyclopedia - Jiebei

Baidu Encyclopedia - Yu'ebao