Fortune Chengrentian: Internet finance will certainly get up

Investment community April 9 News &http://www.aliyun.com/zixun/aggregation/37954.html ">nbsp; sponsored by the Qing Branch Group 2014 China Internet Financial Investment Conference held in Shenzhen today." Fortune Chengrentian said at the meeting that Internet finance must be done, and that internet companies, rather than traditional financial institutions, could get it.

The following is a transcript of Chen Jing's speech:

Chengrentian: Hello everyone, I am from Fortune Venture Chengrentian. Our company will not introduce, because we all know, I in TMT Investment department, before joining Fortune, in ZTE and Huawei before 12 years. So TMT has about two T, we are more familiar with the internet finance, or financial Internet projects we have seen a lot, today I see the list of those pages, basically we have colleagues to see, but also very happy to come here today to share with us how the venture to see Internet finance, Or it's called the financial Internet.

This morning I returned a microblog on Sina Weibo, this micro-blog is the financial newspaper published in the information, should be Boao Forum, Minsheng Bank's chairman said a word, told Ma not to play, sure to be played dead, I returned a joke, Minsheng Bank in just set up, I estimate that the four major banks in the construction industry also think that our Minsheng Bank is not good, but we have done so. When you look at new things, the vision changes. I imagine that when he first set up Minsheng Bank, he would not think that there are four big banks, Minsheng Bank can not build up.

Internet finance must be done, and it is the Internet companies, it must not be the traditional financial institutions can be. We can see a lot of examples, for example, for example, I am telecommunications, telecommunications operators are very large, in 2008, I saw in the Huawei's laboratory, Huawei launched an app, called the application, called the multimedia address, is actually the predecessor of the micro-letter, using this address book, Can have a state, like a meeting, until now the micro-letter is not a state, because the carrier equipment is not supported, at that time, Huawei can support, but operators do not support, because do not make money. In the 2011, the micro-letter also came out, the operator can not change the change. So the traditional financial and operator status is similar, the main business is very profitable, there is no power to adapt to new things, the motivation of the attempt is not, only by others when the force.

Last year I invested in a company called car networking. Banks and insurers, including telecoms operators, are very large, Gui users, hundreds of millions of depositors, hundreds of millions of insured users, but think about it, their users and micro-letter users are completely different, because Tencent's users are very viscous, change a mobile phone how, Change the operator, or put the micro-letter on the phone, the bank is not the same, I change a bank card, from the CMB transfer to BOC, are allowed to go, operators are the same, change a card can leave, insurance companies are the same, a year to sign a contract, the second year expires, you can use other insurance companies. The user is very large, but there is no stickiness with the user, because at ordinary times and users do not interact and viscous, such as insurance, for a very good driving behavior, a year without a car insurance, insurance companies have never been called, and no one to meet you, at most the next year to give you a little cheaper, all insurance companies can give you cheap, Why choose this insurance company, also can choose other new insurance company, other insurance company give you less 100 yuan, you can go. Internet companies, such as the balance treasure, because Taobao account records are here in Alibaba, I am very lazy, would not like to transfer to the Tencent side, Tencent over there, high 1 per thousand, I am very lazy, the internet is sticky, and the traditional is no stickiness, your users only high-end users, such as platinum, Or a private bank, there is contact, there is a Customer manager to serve him, and the vast majority of users you are unwilling to serve him, to the business hall have to queue up for half a day, the introduction of a financial products, are unwilling to use your, like to use Alibaba and balance treasure, because you do not operate the concept of users, Because the cost of operating a user is very high, there is no way to take care of every specific person, so the traditional financial institutions do the Internet is very difficult, there are outlets, more outlets, not your advantage, is inferior, because of the profit requirements, your service system, there is no way to serve so many low-level users. and the Internet can. This is my point of view.

We are very optimistic about internet finance, we also hope to be lucky to vote in one of these companies.