As early as September 30th, 2020, Sichuan Supervision Bureau of China Banking Regulatory Commission approved the establishment of Vipshop and Fubon Huayi. In September this year, 1 was officially approved for business and is now officially registered. Many days later, "boots" finally landed.
Pinfubang officially became the 30th licensed consumer finance company in China. Previously, well-known companies such as Haier, Suning, Xiaomi and Ant also established related holding consumer finance companies.
Financial ambition of vipshop
In the next few years, Vipshop will launch financial loan products for small and micro enterprises and consumers. 20 16, vipshop obtained the payment license by acquiring Zhejiang Beifu. In 20 17, Vipshop will be able to carry out insurance business through the preparation of Guo Fu Life Insurance. By 20 18, Vipshop will cooperate with Fubon Huayi Bank to apply for a consumer finance license.
CFO Yang Dongyu said at that time that Vipshop would form a troika of "e-commerce, finance and logistics". At that time, Vipshop provided three financial services, namely "only flowers", "only easy loans" and "only quality assurance".
However, as mentioned in the risk warning in the 20 19 annual report, our experience in operating Internet finance business is limited, and if we are faced with the credit risk of Internet finance business or the serious deterioration of asset quality, it may have a significant adverse impact on us.
The financial report also mentioned that the risk of financial bad debts has always existed. Although the company has stopped providing loans to customers and suppliers to reduce our direct credit risk, it cannot completely eliminate all potential bad debt risks.
After the voluntary contraction of 20 19, vipshop will no longer disclose the business data of internet finance in its annual report and classify it as "other".
Participate in consumer finance again?
As the second largest shareholder of Weipin Fubang, Bout contributed 65,438+25.5 million yuan.
However, this is not the first time Xtep has participated in the establishment of a licensed consumer finance company. 20 14 When Xingye Consumer Finance Co., Ltd. was established, Xtep invested 95 million yuan to acquire 5% equity, and has participated in capital increase for many times since then.
According to the annual report of Industrial Bank, in the first half of 20021,consumer finance companies achieved revenue of 3.869 billion yuan and net profit of102.4 billion yuan, up 9 1.7% year-on-year, ranking third among similar companies. Since its opening, the accumulated loan is 654.38+06 billion yuan, and the number of users exceeds 654.38+03 million.
The relevant person in charge told the media that according to the regulatory requirements, digital technology and financial technology will be used to provide consumers with digital technology to meet the financial products in the diversified consumption scenario of consumers.
Different from the bank-funded cooperation, Vipshop belongs to the e-commerce platform, and Dongfubang Huayi Bank has a retail and e-commerce background. Xtep is a consumer brand, and the three major shareholders are closer to the consumption scene in business.
At present, the recruitment positions of Weipin Fubon mainly include risk control manager, information technology risk management, system engineer and new media operation.
Apart from finance, this year is also an unsettled year for Xtep. The latest closing data shows that Xtep's share price has risen by more than 175% this year, driven by the rising trend of domestic products, after rising by 3 10% in July.
At the same time, Xtep also announced its business operation in China in the third quarter in advance. According to the announcement, Xtep retail showed double-digit growth compared with the same period of last year, and the inventory turnover was about four months, maintaining a discount of 7.5% to 20%.
Pick up financial business again. Will it go well this time?
In 20 18, when the net profit growth of vipshop was weak, Shen Ya, chairman and CEO of vipshop, said at the strategy meeting that vipshop would return to the "selling" strategy and do what he was good at.
Meanwhile, the payment and insurance licenses of Vipshop will expire on 202 1. After obtaining the consumer finance license, this business may be a new focus of the company's business.
Although the current operating mode of consumer finance companies is similar to that of small loans before Vipshop. Wang Shiqiang, a researcher at the Institute of Ice Science, said that the cross-border financial business of e-commerce platforms is generally closely related to the main business, and its main purpose is to serve the main business. On the one hand, it provides consumers with installment payment to promote consumption; On the other hand, it provides financial support for merchants to stock up.
However, unlike before, Vipshop and Fubon Huayi Bank are both shareholders of consumer finance companies. If we can give full play to the institutional advantages of banks in the field of risk control, it can also help the operation of consumer loans and reduce the risk of bad debts.
As far as industry competition is concerned, Suning's consumer finance company has 600 million registered capital and its own user flow pool; Baidu launched Xiaoman financial brand by participating in consumer finance companies of different banks; Ant Consumer Finance Company, which just landed this year, has a registered capital of 8 billion yuan, and its own flow comes from flower beds and loans, not to mention the major banks with lower rates and standing in the forefront of the industry for a long time directly under the consumer finance company.
Pinfubang's registered capital is only 500 million yuan, and its capital amount ranks the lowest among similar consumer finance companies. It is difficult to break through from the fierce competition.
Related Q&A: Related Q&A: Did Yao Bijun see that Shen Fang's appointment was designed by an article? Or did you just meet by chance? Shen Fang dated Gu, opened the car door and let Gu get on the bus. I found it by accident when I was walking in the street. When passing by with Yao Bijun, Yao Bijun saw Shen Fang and Gu drinking coffee intimately. Obviously, this is not a coincidence, but Lu Wenzhong's deliberate design.
Why did Lu Wen, who had no relatives and no reason, let Yao Bijun see her husband dating other young women? What does this have to do with him?
Let's take a look at Lu Zhangwen of Shen Fangjia. Yao Bijun painted his portrait. The two of them seem to be seriously in love. Lu Wen saw that there was a painting by Yao Bijun in Shen Fang's house, so she wanted Yao Bijun to draw another one for him casually, hoping that she would not refuse him. Yao Bijun said that he would paint a portrait of Lu. Zhang Wen felt that his face was too ugly and he was very alarmed. Yao Bijun said he hoped he wouldn't refuse her either.
In front of outsiders, Zhang Wen took off his mask for the first time and sat in a chair for Yao Bijun to paint. "Who are you? Please tell me who you are. Why do you always seem to be engraved in your heart? Let bygones be bygones, close your eyes and make love like smoke. Are you waiting for me? Unwilling to leave. You, as I thought, open your eyes so that I can see clearly. I didn't want to be separated in my previous life. Even if there is fate, he won't change my mind. " .
After the portrait was finished, Yao Bijun asked Lu to come and have a look. Zhang Wen quickly put on a mask and said that the painting was very good, but he didn't draw it very well. Yao Bijun said no, because the heart is more important than the appearance. Zhang Wen thanked Yao Bijun for giving him this portrait. After the war and face injury, he didn't have the courage to take pictures for a long time.
Lonely men and few women, living in a room alone, still living in peace, it is impossible to do without special feelings. Between Lu and Yao Bijun, it is actually not love, but more like the feeling of brother and sister, and there is also the friendship of meeting an old friend in another country.
Before that, at the invitation of Shen Fang, Lu came home for tea. When Yao Bijun talked about his brother's tea ceremony, "Jindinghong in beginning of spring is the latest, Maojianchun in the rain, Tongue in Qingming Bashan is sweet, Tieguanyin in Grain Rain is bitter, Narcissus in Wuyi in the long summer is soft, mango tastes foreign kung fu, and jade lotus is the only thing in summer", Lu would relish it and could not help but echo it, very excited.
Yao Bijun reminds Lu Wen of her childhood, the green tea garden and her home, which is a paradise-like pure land. People who have experienced war and family destruction are very eager for family warmth.
Later, Qin staff died in a car accident, so Shen Fang asked for help. After being shot and rescued by surgery, Yao Bijun called Lu, and Lu saved Yao Bijun's life.
It is these doomed friendships that make Shen Fang, Yao Bijun and Lu have a special feeling. Lu wants to protect Yao Bijun and hope that she can be happy. So when he saw Shen Fang dating another young woman, he first reminded and warned Shen Fang, and when Shen Fang drove back, they went drinking together.
On the wine table, Lu said that he believed that everything Shen Fang did had a reason, so Shen Fang was close to that girl and must have his purpose. Shen Fang said that he was not only accurate in shooting, but also accurate in speaking. Zhang Wen believes that even if Shen Fang is really lewd, he will not write it on his face. He doesn't care what Shen Fang's real purpose is. He just wants Shen Fang to always remember that he has a wife, and her wife is very nice. Don't hurt her. Shen Fang said that Zhang Wen thought too much. Zhang Wen felt that Shen Fang was speechless, and the two raised their glasses to drink.
Therefore, Lu thought that this matter could not be kept from Yao Bijun, because she was Shen Fang's wife and she should know. So I specially took Yao Bijun to the coffee shop where Shen Fang and Gu dated, so that Yao Bijun could see them drinking coffee together.
As a wife, Yao Bijun is jealous. She asked Shen Fang what he had done besides working the night shift recently. Shen Fang said that he had social intercourse. Does Yao Bijun expose himself to accompany beautiful women to drink coffee in the entertainment circle? Shen Fang said it was his social way. Being his wife is different from other people's wives, but please rest assured that Yao Bijun will not do anything wrong to her.