** Leishecaijing
A few years ago, more online small loans were once prosperous due to state-owned shares, but now the halo has gradually dimmed.
According to Laser Finance and Economics, Jiangxi Ganjiang New Area, the major shareholder of the network small loan *** referred to as "more than the point of the network small loan"), wants to withdraw, and when it announced the transfer of the equity of the network loan, it was only about three years away from the time of shareholding.
From enthusiastic investment to decisive action, between the entry and exit of state-owned assets, what has happened to more online small loans? All this needs to start from the actual business of more online small loans.
Transfer of equity by state-owned assets
More online small loans, originally initiated and established by payment institutions (aggregate payment service provider Olala and related third-party payment institution Ainong Station), later through Jiangxi state-owned assets shares, transformed into a state-owned equity small loan company.
In 2017, Beijing Duolai Information Technology Co., Ltd. and Beijing Ainong Station Science and Technology Services Co., Ltd. Beijing Xinyi TEDA Investment Management Co., Ltd. set up Duolai Network Small Loan in Ganjiang New Area, with a registered capital of 500 million yuan, and the three companies held shares respectively.
From the perspective of business scope, more online small loans have advantages, not only through the network platform to carry out national online small loan business, but also in Nanchang City, Jiujiang City surrounding counties to carry out offline small loan business.
In 2019, Duolaidian Online Small Loan was invested by Jiangxi Financial Holding Group. After the completion of the equity transfer of Duolaidian Network Small Loan, Jiangxi Financial Holding Group contributed 190 million yuan, with a capital contribution ratio of 38%; Beijing Duolai Information Technology Co., Ltd. contributed 140 million yuan, with a capital contribution ratio of 28%; Beijing Xinyi TEDA Investment Management Co., Ltd. contributed 50 million yuan, with a capital contribution ratio of 10%; Beijing Ainong Station Science and Technology Services*** contributed 120 million yuan, with a capital contribution ratio of 24%.
Jiangxi Financial Holding has participated in more online small loans for only three years, and then it has withdrawn. At the end of December 2022, Jiangxi Provincial Financial Holding Group was listed to transfer 38% of the equity of Duolaidian Online Small Loan, with a reserve price of 20,00106.44 million yuan, the target company was introduced as having a local online small loan license at the time of equity transfer, which was relatively scarce.
If it is scarce, why transfer? In addition to the changes in the regulatory policies of online small loans and the change in the investment strategy of the provincial financial holding, the reasons behind it may also involve the fact that it is difficult to break through the volume and profit scale of online small loans.
According to relevant financial data, as of the end of 2022, a total of 531 loans have been issued by Duolai Online Small Loans2.9 billion yuan, with a loan balance of 19.3 billion yuan, with a cumulative interest income of 4194380,000 yuan.
In 2021, the operating income of more online small loans will be 3023640,000 yuan, the total profit is 1945550,000 yuan, net profit 1458160,000 yuan. Total assets 53.6 billion yuan, owner's equity 5$1.8 billion.
According to people familiar with the matter, state-owned assets only use Duolai Online Small Loan as a financial investment, and have little participation in the actual business of Duolai Online Small Loan, and may not even know much about the loan super, intermediary and advance business engaged in by Duolai Online Small Loan. "More online small loans are mainly to do more by yourself. ”
According to industrial and commercial information, the legal representative and chairman of Duolaidian Online Small Loan is Wang Yang, who used to be the deputy director of the risk management department of Jiangxi Financial Holding Group; The general manager and other management who are mainly engaged in the business come from Duolaidian and Ainong Station.
Comparing the historical lending data of Duolai Online Small Loan, it can be seen that the actual lending business of Duolai has narrowed, and the business is gradually tilted towards intermediary and loan assistance businesses, which is obviously inconsistent with the regulatory requirements of small loan companies.
At first, Duolaidian Online Small Loan mainly relied on shareholders Duolaidian (Banglala) and Ainong Post Station to carry out payment finance business, and later set up **Chain Finance Division, Payment Finance Division, and Intermediary Finance Division.
From the perspective of business types, the online small loan lending business of Duolai Point is mainly concentrated in the ultra-short-term advance business, while the intermediary business is the loan assistance and loan supermarket business, relying on the license to obtain customers, and diverting traffic for other online loan super and offline loan intermediaries.
The online small loan advance business includes the accounts receivable advance of special merchants of payment institutions, the advance of accounts receivable of cross-border merchants, and the advance of automobile manufacturers. If it cooperates with a payment institution in the flow loan business, the flow loan business advances accounts receivable to the merchant based on the merchant transaction data of the cooperative payment institution, and when the merchant receives the settlement money from the payment institution, the settlement money from the payment institution will be directly returned to the more points, and the advance cycle is one working day. The average daily trading volume of the current loan business can reach 1About 500 million yuan.
For cross-border merchants, the accounts receivable advance service is carried out, and the cross-border funds are directly returned after the settlement is received, and the average monthly loan amount of the cross-border advance business is about 20 million. Duolaidian Online Small Loan also cooperates with automobile manufacturers and other scene merchants to launch the ultra-short-term advance business of car loans, which first advances the money to the automobile manufacturer for the user, and returns the Duolai Point after the user's bank loan is disbursed, so as to provide users with advance services in the process of waiting for the loan to be decentralized. Previously, the average monthly loan of the online small loan car loan business was about 20 million.
In addition, relying on the core merchant resources of the shareholder Olala Group, Duolai Online Small Loan has launched **Chain Finance to provide operating loans for its core merchants. In order to fully promote the financial business of the first chain, more online small loans have also invested in the establishment of a **chain company, Jiangxi Huifu **chain management
Shareholders may become a hidden danger
Compared with the lending business, the loan and intermediary business of more online small loans are more aggressive.
Most of the products are no longer circulating in the market, and borrowing money is currently more active. Borrowing money is actually carrying out the business of loan overtaking, acquiring customers through the traffic platform and sharing the information with other loan intermediaries.
According to the authorization letter for borrowing money, the partner of Duolaidian Network Small Loan is Hangzhou Jingshan Technology*** user, and the loan application information is provided to Duolaidian Network Small Loan and Hangzhou Jingshan Technology, and it will recommend credit institutions or credit service institutions.
Hangzhou Jingshan Technology will be renamed Hangzhou Jingshan Digital Technology in January 2024*** In the copyright of Hangzhou Jingshan Digital Technology, including "Borrow Money Software", the software is suspected to be consistent with the loan super platform operated by Duolaidian Network Small Loan. WeChat *** Loan Butler, which is operated by Jiangxi Duolai Network Small Loan", the IP address displayed is also Hangzhou.
Based on this, it can be speculated that the Duolai online small loan license may be leased to Hangzhou Jingshan Digital Technology, or Hangzhou Jingshan Digital Technology may operate the loan supermarket business for Duolai Online Small Loan Agency. But no matter which possibility it is, as an online small loan company with state-owned equity participation, it seems that it is not so decent to get involved in the loan supermarket business.
Under the borrowing money app, users have a lot of criticism. Some users said that when borrowing money and taking out loans, they had to go offline one by one, and they didn't expect that a platform with a state-owned background would be so rubbish.
Due to the limitations of shareholder resource endowment, difficulty in obtaining customers, risk control technology and talent team, many online small loan licenses have also been reduced to shell resources, and there are not many that actually carry out self-operated lending. Although Duolai Online Small Loan still carries out lending business, its efforts in intermediary business can be regarded as a microcosm of the development dilemma of online small loans.
In addition to the pain points in the business, Duolai Online Small Loan also faces the risk of being dragged down by shareholders. The two main initiating shareholders of Duolaidian Online Microloan, Beijing Duolaidian and Ainong Station, are now listed as judgment defaulters. Beijing has even been rumored to be difficult to withdraw cash and the capital chain is broken.
According to public information, Beijing Duolaidian's aggregation payment and catering SaaS brands are the head aggregation payment platform, especially in the catering field. According to the official website of Dalala, Olala has signed more than 400,000 catering merchants, of which 82% are chain customers. The total annual transaction volume of the customers served by the company exceeded 700 billion yuan, accounting for nearly 15% of the industry** in 2021.
But since 2022, the news that Dalala can't withdraw money has spread far and wide, and then Dalala has fallen into a storm of merchant rights protection, wage arrears, and layoffs. In January this year, the company issued a statement saying that the company's capital chain was broken and the liquidation plan began to be implemented is pure false information, and the problems left over from history are still actively solved under the guidance of the relevant departments, and there is no liquidation plan at all.
Another shareholder, Ainong Station, has been frequently punished by regulators for non-compliance with its business.
Ainong Station is a third-party payment company with prepaid card licenses (Beijing, Shanghai) and Internet payment licenses. In September 2013, Ainong Station obtained the pilot qualification of cross-border e-commerce foreign exchange payment business from the State Administration of Foreign Exchange.
According to the regulatory penalty information, in July 2022, Ainong Station was fined 7.16 million yuan for failing to follow the KYC principle, failing to fulfill customer identification obligations in accordance with regulations, and opening payment accounts for financial enterprises or enterprises engaged in financial business. In November 2022, Ainong Post Station was fined 172A fine of 50,000 yuan.
The two shareholders are not only too busy to take care of themselves, but also have a related relationship, which adds a shadow to the more online small loans. According to the company's information, the major shareholder of Duolai is Beijing Gezhipu Technology, Beijing Gezhipu Technology, which is the shareholder of Beijing Gutai Technology, and Beijing Gutai Technology is the controlling shareholder of Ainong Station. A clearer relationship is that Wan Yingyan, the legal representative of Ainong Station, is the founder of Duolaidian, the parent company of Ainolala.
When the risk of the actual controller begins to be exposed, it is inevitable that other shareholders will resign. But it is unknown whether it can be retreated or not.