traducido por Federico Dilla
Fintech Trends in China to Watch in 2015
Thanks to the success of Yuebao, a user-friendly investment fund for Alipay users which launched in mid-2013, nearly all major Chinese internet companies tapped into internet-based finance in 2014. While some simply sell traditional financial products online, many big tech companies and startups have created new products for the internet economy.
More than 150 fintech startups received funding this year, according to ITjuzi.com, a Chinese online database for startups.
Peer-to-peer lending
Chinese authorities still haven’t issued regulations for peer-to-peer lending, but the services continued to grow quickly in 2014. Some are predicting that China’s peer-to-peer lending market will be bigger than that in the US. At the same time, the rapidly-evolving market saw more than 100 peer-to-peer sites shut down over the year.
It has been reported that Lufax, a subsidiary of Chinese insurance giant Ping An, is planning a U.S. IPO (report in Chinese). China Rapid Finance, a consumer credit solution provider, launched a peer-to-peer lending service in late 2013 and reportedly has been exploring a U.S. IPO too. Encouraged by the Lending Club’s IPO in December 2013, China’s peer-to-peer industry expects to see several of Chinese services to go public in the U.S. in the near future.
Unlike other companies that take transaction or service fees, Lufax charges a 1-2% guarantee fee (as its parent company Ping An ultimately guarantees all of its loans) and lenders a 2-3% fee (source in Chinese). Greg Gibb, chairman and CEO of Lufax, said their ultimate goal was to become the largest online wealth management firm in China.
Lending Club co-founder Soul Htite founded Shanghai-based Dianrong in 2012, trying to replicate its success in China. Dianrong’s model is unsurprisingly the same as Lending Club’s. Dianrong announced a new round of funding this year.
Jimubox, launched in August 2013, is the new kid on the block. The company raised two rounds of financing in 2014, and has drawn much attention for receiving new funding from Xiaomi, the rising star in China’s smart device market, and Shunwei (the venture capital fund co-founded by Xiaomi CEO Lei Jun).
Other major players in the market including CreditEase, Renrendai, PPdai, Yooli, Hongling (my089.com). Yooli, Renrendai and PPdai, announced new rounds of funding in 2014.
Online Financial Product Marketplace and Search Engine
Almost all major Chinese tech companies, including Baidu, Tencent, Sina and NetEase, have begun selling investment funds following the success of Yuebao. Though most have been selling traditional financial products, financial institutions have been happy to cooperate with them to access their huge user bases. New financial products like Yuebao also emerged.
With increasing numbers of financial products available online, both startups and big tech companies are building marketplaces and search services. The big tech companies are also acting as financial product aggregators.
In April, Alibaba’s finance arm Ant Financial launched Zhao Cai Bao, a marketplace for financial institutions to list financial products to consumers and SMEs.
A number of startups are aggregating financial products, both traditional and not, and provide search and return comparison services. These include Rong360, 91Jingrongchaoshi, Jinfuzi. All three pocketed funding this year.
Haodai, which believes middlemen will remain part of the business model, is an online platform for offline small loan companies and other credit institutions. Founded by former Tencent exec Hao Mingshun, the service is also available on WeChat.
Digital Financial Institutions Get Innovative
Ant Financial has been far ahead of most Chinese tech companies and even the traditional financial institutions. Many believe it will be even bigger than Alibaba Group, which was the biggest ever Chinese company to go public.
Before 2014 Ant Financial was operating Alipay, the online payment solution and mobile service provider, and had been making small loans to retailers on Alibaba’s marketplace. Last year year it added financial product marketplace Zhao Cai Bao, consumer credit product Huabei, and is building a credit scoring system Sesame and an internet-based private bank.
Tencent and Ant Financial so far are the only two internet companies to obtain a license to set up private banks. Tencent’s WeBank, based in Shenzhen like its parent company, has recently launched a website. It is expected that both will begin to offer services this year.
Tencent and Alibaba are the most active tech companies in the internet-based financial market. The two companies and Ping An Insurance have jointly established the insurance company Zhong An for products tailored to the digital economy. Zhong An now provides insurance policies such as products for online shopping, logistics, mobile retail and so on.
More than 150 fintech startups received funding this year, according to ITjuzi.com, a Chinese online database for startups.
Peer-to-peer lending
Chinese authorities still haven’t issued regulations for peer-to-peer lending, but the services continued to grow quickly in 2014. Some are predicting that China’s peer-to-peer lending market will be bigger than that in the US. At the same time, the rapidly-evolving market saw more than 100 peer-to-peer sites shut down over the year.
It has been reported that Lufax, a subsidiary of Chinese insurance giant Ping An, is planning a U.S. IPO (report in Chinese). China Rapid Finance, a consumer credit solution provider, launched a peer-to-peer lending service in late 2013 and reportedly has been exploring a U.S. IPO too. Encouraged by the Lending Club’s IPO in December 2013, China’s peer-to-peer industry expects to see several of Chinese services to go public in the U.S. in the near future.
Unlike other companies that take transaction or service fees, Lufax charges a 1-2% guarantee fee (as its parent company Ping An ultimately guarantees all of its loans) and lenders a 2-3% fee (source in Chinese). Greg Gibb, chairman and CEO of Lufax, said their ultimate goal was to become the largest online wealth management firm in China.
Lending Club co-founder Soul Htite founded Shanghai-based Dianrong in 2012, trying to replicate its success in China. Dianrong’s model is unsurprisingly the same as Lending Club’s. Dianrong announced a new round of funding this year.
Jimubox, launched in August 2013, is the new kid on the block. The company raised two rounds of financing in 2014, and has drawn much attention for receiving new funding from Xiaomi, the rising star in China’s smart device market, and Shunwei (the venture capital fund co-founded by Xiaomi CEO Lei Jun).
Other major players in the market including CreditEase, Renrendai, PPdai, Yooli, Hongling (my089.com). Yooli, Renrendai and PPdai, announced new rounds of funding in 2014.
Online Financial Product Marketplace and Search Engine
Almost all major Chinese tech companies, including Baidu, Tencent, Sina and NetEase, have begun selling investment funds following the success of Yuebao. Though most have been selling traditional financial products, financial institutions have been happy to cooperate with them to access their huge user bases. New financial products like Yuebao also emerged.
With increasing numbers of financial products available online, both startups and big tech companies are building marketplaces and search services. The big tech companies are also acting as financial product aggregators.
In April, Alibaba’s finance arm Ant Financial launched Zhao Cai Bao, a marketplace for financial institutions to list financial products to consumers and SMEs.
A number of startups are aggregating financial products, both traditional and not, and provide search and return comparison services. These include Rong360, 91Jingrongchaoshi, Jinfuzi. All three pocketed funding this year.
Haodai, which believes middlemen will remain part of the business model, is an online platform for offline small loan companies and other credit institutions. Founded by former Tencent exec Hao Mingshun, the service is also available on WeChat.
Digital Financial Institutions Get Innovative
Ant Financial has been far ahead of most Chinese tech companies and even the traditional financial institutions. Many believe it will be even bigger than Alibaba Group, which was the biggest ever Chinese company to go public.
Before 2014 Ant Financial was operating Alipay, the online payment solution and mobile service provider, and had been making small loans to retailers on Alibaba’s marketplace. Last year year it added financial product marketplace Zhao Cai Bao, consumer credit product Huabei, and is building a credit scoring system Sesame and an internet-based private bank.
Tencent and Ant Financial so far are the only two internet companies to obtain a license to set up private banks. Tencent’s WeBank, based in Shenzhen like its parent company, has recently launched a website. It is expected that both will begin to offer services this year.
Tencent and Alibaba are the most active tech companies in the internet-based financial market. The two companies and Ping An Insurance have jointly established the insurance company Zhong An for products tailored to the digital economy. Zhong An now provides insurance policies such as products for online shopping, logistics, mobile retail and so on.
Fintech Tendencias en China que hay que vigilar en el 2015
Gracias al éxito de Yuebao, un fondo de inversión de fácil manejo para los usuarios Alipay que puso en marcha a mediados de 2013, casi todas las grandes empresas de Internet en China aprovechó la financiación basada en Internet en el año 2014. Mientras que algunos simplemente vender productos financieros tradicionales en línea, muchos grandes tecnología empresas y nuevas empresas han creado nuevos productos para la economía de Internet.
Más de 150 nuevas empresas Fintech recibieron financiación de este año, según ITjuzi.com, una base de datos en línea de China para los arranques.
Préstamo entre particulares
Las autoridades chinas aún no han emitido normas para los préstamos de igual a igual, pero los servicios continuó creciendo rápidamente en 2014. Algunos predicen que el mercado de préstamos peer-to-peer de China será más grande de lo que en los EE.UU.. Al mismo tiempo, el mercado de rápida evolución vio más de 100 sitios peer-to-peer cerraron durante el año.
Se ha informado de que Lufax, filial del gigante asegurador chino Ping An, está planeando una oferta pública inicial de Estados Unidos (informe en chino). China, rápido Finanzas, un proveedor de soluciones de crédito al consumo, puso en marcha un servicio de préstamo de igual a igual a finales de 2013 y se dice que ha estado explorando una salida a bolsa de Estados Unidos también. Animado por la OPA de la Lending Club en diciembre de 2013, la industria peer-to-peer de China espera ver varios de los servicios chinos a salir a bolsa en los EE.UU. en un futuro próximo.
A diferencia de otras empresas que se transacción o servicio honorarios, Lufax cobra una comisión de garantía 2.1% (como su empresa matriz Ping An en última instancia garantiza que todos sus préstamos) y los prestamistas una tasa del 2-3% (fuente en chino). Greg Gibb, presidente y CEO de Lufax, dijo que su objetivo final era convertirse en la mayor empresa de gestión de riqueza en línea en China.
Lending Club cofundador Soul Htite fundada Dianrong con sede en Shanghai en 2012, tratando de replicar su éxito en China. El modelo de Dianrong es como era de esperar lo mismo que Lending Club de. Dianrong anunció una nueva ronda de financiación de este año.
Jimubox, lanzado en agosto de 2013, es el nuevo chico en el bloque. La compañía elevó dos rondas de financiación en 2014, y ha llamado mucho la atención para recibir nuevos fondos de Xiaomi, la estrella en ascenso en el mercado de dispositivos inteligentes de China, y Shunwei (el fondo de capital riesgo co-fundada por el CEO Xiaomi Lei Jun).
Otros jugadores importantes en el mercado, incluyendo CreditEase, Renrendai, PPdai, Yooli, Hongling (my089.com). Yooli, Renrendai y PPdai, anunciaron nuevas rondas de financiación en 2014.
Mercado Online de Productos Financieros y motor de búsqueda
Casi todas las grandes empresas de tecnología chinas, incluyendo Baidu, Tencent, Sina y NetEase, han comenzado a vender fondos de inversión tras el éxito de Yuebao. Aunque la mayoría han estado vendiendo productos financieros tradicionales, las instituciones financieras han estado dispuesto a cooperar con ellos para tener acceso a sus enormes bases de usuarios. También surgieron nuevos productos financieros como Yuebao.
Con un número creciente de productos financieros disponibles en línea, tanto nuevas empresas y grandes compañías tecnológicas están construyendo mercados y servicios de búsqueda. Las grandes compañías tecnológicas también están actuando como agregadores de productos financieros.
En abril, el brazo financiero de Alibaba Ant Financiera lanzó Zhao Cai Bao, un mercado para las instituciones financieras a la lista de productos financieros a los consumidores y las PYME.
Una serie de nuevas empresas están de agregar los productos financieros, tanto tradicionales como no, y proporcionar búsqueda y regresar servicios de comparación. Estos incluyen Rong360, 91Jingrongchaoshi, Jinfuzi. Los tres se embolsaron financiación este año.
Haodai, que cree que los intermediarios seguirán siendo parte del modelo de negocio, es una plataforma en línea para las pequeñas empresas fuera de línea de crédito y otras entidades de crédito. Fundada por el ex ejecutivo de Tencent Hao Mingshun, el servicio también está disponible en WeChat.
Instituciones Financieras digital Obtener Innovadora
Ant financiera ha sido muy por delante de la mayoría de las empresas de tecnología chinas e incluso las instituciones financieras tradicionales. Muchos creen que será aún más grande que Alibaba Group, que fue la empresa más grande de China nunca para salir a bolsa.
Antes de 2014 Ant Financiera operaba Alipay, la solución de pago en línea y proveedor de servicios móviles, y había estado haciendo pequeños préstamos a los minoristas en el mercado de Alibaba. El año pasado año, agregó mercado de productos financieros Zhao Cai Bao, de productos de crédito al consumo Huabei, y está construyendo un sistema de puntuación de crédito de sésamo y un banco privado basado en Internet.
Tencent y Ant financiero hasta el momento son las únicas dos compañías de Internet para obtener una licencia para el establecimiento de bancos privados. WeBank de Tencent, con sede en Shenzhen como su empresa matriz, ha lanzado recientemente una página web. Se espera que ambos comenzarán a ofrecer servicios de este año.
Tencent y Alibaba son las empresas más activas tecnología en el mercado financiero basado en Internet. Las dos compañías y Ping An Insurance han creado conjuntamente la compañía de seguros Zhong An para productos adaptados a la economía digital. Zhong An ahora ofrece pólizas de seguros, tales como productos para las compras en línea, logística, retail móvil y así sucesivamente.