Internet finance first ticket

When the scale of Yuet Po rushed 500 billion, is sprint IPO Alibaba (Rolling Info) Group, the industry believes that get the first Internet ticket ferry. On July 8, Hu Xiaoming, vice president of Alibaba Group, participated in the "2014 China SME Industry Integration Forum" to talk about the future opportunities of Internet finance. He also predicts that a certain number of P2P companies will collapse in the next 12 to 18 months.

Internet financial opportunities?

Everyone is talking about Internet finance today, VC funds have either invested in Internet finance companies, or are investing in Internet finance companies on the road, no one has doubts the prospects for Internet finance. So, it seems Hu Xiaoming, Internet finance opportunities?

He judged: First, the market for prepaid and payment services around consumer business is very large, because the market for prepaid cards around the life of O2O in particular is very large in the Chinese market. Second, some outsourcing of the financial industry in the process of change Service, there will be many opportunities; third, there are many opportunities around the credit reference to the Internet under the big data foundation.

Hu Xiaoming pointed out that today's children are accustomed to using the Internet from birth. When they become the masters of the family, the masters of the business and the masters of the society, the world will undergo even greater changes. The most immediate change is that ten years later, bank branches may no longer be their core competitiveness. "If any financial institutions or manufacturing companies do not have the Internet to change the way of thinking services, without Internet thinking to improve the product, it is destined to fall behind." Hu Xiaoming bluntly.

But in the future, Internet finance will look like?

Hu Xiaoming pointed out: In the past, everyone believed that the United States yesterday was China today; but today the logic is no longer correct. Especially in the field of Internet finance, the payment industry in China has already led the United States. The U.S. credit card is also based on offline transactions, and China's debit and credit cards are already on the Web. As the United States offline transactions led to the credit card market rates as high as 2% -3%. That is to say, the United States consumers to the mall to buy the same thing, or eat a meal, the mall need to pay the bank fee, which ultimately pay by the consumer. In addition, China is also ahead of the United States in the efficiency and innovation of Internet finance.

P2P collapse tide will now?

"We must be cautious about financial risks in advancing the financial start-up of the Internet, especially with regard to credit risk management. I always tell my colleagues that as a bank and credit, we must maintain sufficient credit risk management for us Positioning, these things can not be because you have the passion and capital can be solved, nor because of the Internet to hedge its risk in the credit business, the interest can be recovered in the current period, the risk may occur a year, so the formation of Mismatch between risk and time. Today, many P2P companies at this point, lack of risk management.

When it comes to the most popular P2P enterprises (individual-to-individual credit transactions) in the past two years, Hu Xiaoming said that the essence of finance should be returned to. In view of this difference, he judged: "Nowadays, the risk management of many P2P companies does not solve the current and risk lag of earnings, and a certain amount of P2P enterprises will collapse in the next 12-18 months."

Hu Xiaoming saw in Wenzhou, a P2P entrepreneur through a platform to sell to the public to sell their own credit assets, took the money to buy a full range of Hermes, for a good car. Twelve months later, the company went bankrupt, and the entrepreneurs fled.

Therefore, Hu Xiaoming reminded to want to join P2P and all Internet finance entrepreneurs, we must think clearly: "First, in the business process, in your industry chain, what do you have, do you have customers do you have the data? Do you have the technical ability? The second, what do you want? You want is a healthy development of the industry, or get a fishing today? Third, you have to give up what should not deserve the benefits you should not, Because sooner or later will prosecute. "

Ali's Internet Finance "Sambo"

Alibaba's Internet finance has Sambo: Alipay, Yu-Po and Alibaba. Hu Xiaoming concurrently serving as chief risk officer of Ali Micro-Financial Services Group is preparing. In Hu Xiaoming's view, payment is a very basic ecological system in internet finance and even in the Internet industry. With payment, the business startup of the Internet will become a business model. And payment can bring data precipitation, the data will become a very valuable resource.

On June 13, 2013, Alibaba launched Yuen Po so far that it had more than 500 billion yuan of funds today. Hu Xiaoming believes Yu-Po is an early exercise in marketization of China's interest rates. It not only enables banks to see through product innovation and user experience Innovation can deliver better products to customers while also allowing non-bank financial institutions to see that as long as the product creates value for its customers, it will surely develop. Yu-Po's cloud computing makes a big difference for more financial institutions using big data Good demonstration.

In 2010, Hu Xiaoming established Ali Microfinance. By March this year, 700,000 loan customers had reached more than 190 billion loans and an average single-family loan of 33,000 yuan, all of which were credit loans. Hu Xiaoming introduced around the Alibaba industry chain small and micro enterprises, Ali small loan analysis of its business activities, cash flow and customers, providing 365 days × 24 hours of microfinance services, control 1% lower than the bank risk of poor rate.

Hu Xiaoming believes that Alibaba has its core competitiveness in making small loans: Ali Xiaobai controls the cash flow of these small and micro enterprises, and the enterprises survive and trade on their platforms. Alibaba can see more data from the enterprises and thereby Saw the risk of the enterprise, and judged the repayment ability and repayment willingness through the risk.