Zhejiang Bank Capital divestment: "Count Silver online" Layoffs for sale

Spring Festival So far every day, the "number of silver online" founder of the Sitong side is a step by step alarming. (This newspaper May 10 10 edition "Count Silver Online" to deny the closure to the bank charging mode is gone? "There are already two financial institutions that are interested in buying, and have reached the bargaining stage and will reach an agreement by the end of May." May 14, Sitong Fang in "several silver online" original Office of Hangzhou Paradise Software Park, said in an interview. Company's original major shareholders, investors, Zhejiang Bank (Hangzhou) Capital Management Center (hereinafter referred to as "Zhejiang Silver Capital") this year after the sudden withdrawal of the spring festival, resulting in the number of silver online capital chain suddenly broken, the severance of the staff's salary arrears of one months, May 7 before the settlement completed. Several silver online is located in the Paradise Software Park E Building four entire floor of the office area, has been emptied. Since April, the public credit network, such as a number of Peer-to-peer network loan platform companies have closed down. From the scenery Unlimited, to now have to dismiss all the staff outside the core team, the number of silver online is the plight of all network loans companies are facing the life and death proposition-what kind of profit model to take. 500 billion demand, the actual loan 6 billion Hangzhou city trade and Industry Bureau registration information Display, "several silver online" entity Digital Financial Services (Hangzhou) Co., Ltd. registered capital of 20 million yuan, including natural person Lu Hanshui (17%), and all the representatives of Zhejiang Bank Capital Investment party holding a total of 52%, Jinhua Sheng Tatsu Hotel Supplies Co., Ltd. shareholding 12.33%, Sitong side accounted for 6%. The legal representative Sitong party was established on April 18, 2006. Weeks to the number of silver online analogy for the financial industry, "Ctrip": "The number of silver online, is through the deep cooperation with banks and other financial institutions, the establishment of the most convenient 24-hour financing supermarket, to help users in the mass of products to match the most suitable products. "The ideal is plentiful, the reality is very bony." It is not easy to realize the dream of being the outsourcing service provider of banking financial business front-end process. The supporting group of data is: "Several silver online" since June 2010 operation, the total amount of loans received is more than 500 billion, but after the "number of silver online" initial audit through the formal submission to the bank loan demand is only more than 18 billion, effective rate of only 3.6%. Finally, through the bank audit, the total amount of loans actually issued shrank by Two-thirds, only more than 6 billion yuan. In Hangzhou network Credit Circle, "several silver online" is regarded as the Chinese type of business science and Technology Park enterprises. Zhejiang Province, Hangzhou City, two senior leaders of the government visited in person, and put forward to make the financial outsourcing services in Zhejiang province pilot. In Hangzhou, a local bank executives, the number of online loan demand is uneven, by the relevant departments of the identity, also can not guarantee it than Ali small loans and other private companies have the advantage of controlling risk. But Zhou Xingfang denies that the company has a government background, "The only support we get from the government is that every year the park gives away 40% of the office rent." "As for taxes, Zhou said the company did not begin to have more than 1 million of its revenue until the end of last year, and therefore did not need tax breaks." Strictly speaking, the number of silver online can not be called Peer-to-peer Network loan Company, it remains the traditional financial institutions, such as banks, that provide funding. What it does, is only the front-end customer's collection and the Prophase credit appraisal and so on trivial service work. "Typical internet-style burning money" Zhejiang bank Capital in October 2010 the first round of investment "silver online" 50 million yuan, the second round and put in more than 24 million, coupled with the sitong side of his personal investment of more than 30 million yuan, "count Silver Online" 2.5 since the cost of more than billion. Zhou said, "The number of silver online" the first round of financing valuation of 500 million yuan, Zhejiang Bank capital injection 50 million shares 10%, but is currently negotiating mergers and acquisitions of two institutions are not yet disclosed. "It's a typical internet-style money-burning game. Hangzhou, a net loan company in charge of the said. But Zhou did not feel that he was burning money. He thinks the company is now in the market and educating the customer habits, advertising and promotional spending is necessary. "Peak period one months put in advertising 2 million, usually seven hundred thousand or eight hundred thousand, Paradise Software Park, four floors, 8000 flat office annual rent to 5.8 million." The biggest head of expenditure is still on the manpower cost, the personnel salary expenditure is 36 million a year. "said Zhou. Because of this, in the two years after the investment of Zhejiang Bank capital, "several silver online" on the cut off nearly half of the people, "the heyday of our three hundred or four hundred employees, Zhejiang Silver Capital came in and cut off more than 150 people." "Counting silver online is not without the opportunity to earn money," 2011 years when a lot of Zhejiang bosses find us weeks, hoping to put a few billions of dollars to help us lend them. We have a lot of customer information that needs money and it's easy to make this money. "But Zhou insists on doing only information services and intermediary platforms, without touching the grey areas that may be involved in irregularities," said one of the online core teams close to the Sitong side. The core team of people from the traditional banking, following the Sitong side has been nearly five years, "Zhou is a typical it person, very creative." "he said. However, most of the members of the core team are from the IT industry, and there are not many people who understand finance. The number of silver online does not charge customers, and the bank does not charge commissions. The Sitong explains, "The free model itself is a business model." Free to accumulate customer resources and Word-of-mouth, the profit point will naturally follow. "A person in the bank of Hangzhou, who is close to each other on the line, said at the moment that the two sides have not paid any fees for the cooperation," the number of silver online only recommended customers. "The main difference between the Silver Line and the traditional Peer-to-peer model is that funds are financed by formal financial institutions." Moreover, the process of approval and issuance of loans is completed by banks, and the number of silver online does not bear the risk of bad loans. If the bank does not lend, the information on all loan requirements on the Silver Line is invalidated. As a result, banks, which have always been strong, do not consider themselves necessary to pay for the online costs of several silver. Despite being abandoned by major shareholders, Sitong still insists that the company will not be transformed into a peer-to-peer net-loan company, "We will adjust the model slightly, for example, charge a certain fee to the bank, but still firm the free policy to the customer." ”