Peer-to-peer Downing: Entrepreneur + Angel IDG investment tens of millions of dollars

Downing is an inspiration both in general finance and in wealth management. For the future, the thing that should be done is to continue to be on the basis of legal compliance and the benefit of the people to the wealthy, small micro-entrepreneurs, economically active farmers to provide innovative services, customer-centric, and constantly do a good job of risk control, and actively carry out all aspects of effective and long-term communication, to do the industry's inspiration and leader. "Downing was full of confidence in an interview with the Shanghai Summit of the High-end forum of the trust wealth Yangtze River Delta." Confidence stems from his early experiences and the 7 years of entrepreneurial growth. Downing returned from Wall Street in 2000. From the Mathematics department of Peking University to study economics in the United States, DLJ investment Bank in Wall Street is engaged in listing, issuing debt and mergers and acquisitions of financial, telecom, media and High-tech enterprises. Following this path, he would lead a busy but comfortable manager career as many American gold collars, becoming a typical American dream. However, he was not willing to do so, deep in his heart, he has been surging burning passion, to do some innovative and challenging things in China "-that is his first dream about entrepreneurship." With such ideals, after 5 years in the United States, downing resolutely returned, came to Asiainfo technology (ASIAINFO, Nasdaq listed companies) as strategic investment and mergers and acquisitions director. After more than 6 years of familiarity with the Chinese market and thinking about the business model that he wants to create, in 2006 Downing began its own entrepreneurial path in Beijing with the CreditEase company. As the first peer-to-peer (individual to individual) micro-credit Loan service organization, the business model of trustworthy business, in fact, as early as a few years ago in Downing's mind formed. While working on Wall Street, Downing was rocked by a set of data from the Bengalis Laley agency headquarters where he was founded to lend money to the poor, through his mentor in the United States, who met the father of microcredit, and the Nobel laureate, Yunus, a group of figures whose broke, the poor without any collateral assets, The repayment rate is as high as 98%! At that moment, he felt for the first time: the poor people's credit is no worse than the rich, and credit is their important wealth to change the fate. After 5 years of internship and work experience in the United States, downing deeply feels that credit is a vital social capital for everyone. In China, however, the vast majority of the grassroots have not really enjoyed the value of the credit they should have. When he returned, he had to fight at the mall as an executive, and he had another identity, angel investor. Downing, who has been involved in helping a number of vocational training institutions in his familiar training industry, has found that an increasing number of educated people are being blocked out of school by not having enough money to pay for their education at once, which is another important factor in triggering his venture. Then, based on the foreign Peer-to-peer microfinance model, he pioneered the microfinance service intermediary model in combination with the actual situation of Chinese social Credit. Everybody has the credit, the credit has the priceValue, which is the two cornerstones of the concept of Yi Xin. If China is a dream-making place, then my heart also has a dream, that is the foreign advanced credit concepts and models to introduce China, credit to the tens of millions of people in China, through the help of farmers, students, UNIDO, and help to achieve the value of credit, helping to build China's social integrity system. "Downing once said so. The innate brand of Yunus, the company gained a good reputation. And Downing's experience on Wall Street has emerged. In April 2010, Kleiner, a top international venture capital agency, made strategic investments in the tens of millions of dollars for the letter of credit, and in 2011, IDG and Morgan Stanley Asia Investment Fund (MSPEA) reached a strategic partnership with the Trust company, and Kleiner injected $ tens of millions of into the letter. is the largest investment in China's microfinance industry so far. Originality of the business model, so that the beginning of the establishment of the letter was ushered in the rapid development. Within 7 years, it has set up branches in more than 100 cities and more than 20 rural areas, with more than a dozen employees. From the initial Peer-to-peer credit service platform, to grow into a wealth management, credit risk assessment and management, credit data Integration Services, microfinance industry investment, small micro-credit advisory services and transaction-led, microfinance services, such as the operation of a comprehensive modern service enterprises.