Alipay, JD, etc. started operations
Alipay is one of the domestic phenomenal software and the most well-known product under Ant Financial, with nearly 1 billion users. In fact, at the beginning, Alipay was born only to serve Taobao and provide users with a safe trading environment, but now the two are completely at the same level, and even Alipay is even more popular than Taobao!
And thanks to Jack Ma's correct decision, Alipay was separated from Ali's system, and Ant Financial was established. Many people may not be very familiar with Ant Financial, but it has many well-known products, in addition to Alipay, as well as Huabei and Boraibe, each of which has accumulated a large number of users.
Relying on the popularity of Alipay, Ant Financial showed a rising trend in just a few years after its establishment. Last year, it was hailed as the world's largest "unicorn" company, with a valuation of more than 2 trillion yuan at one time! This is enough to prove that the outside world is optimistic about Ant Financial and Alipay. Their successful listing seems to be just around the corner, but the result is just the opposite.
On the eve of the listing, Ant Financial’s plan was suspended due to high internal financial leverage, and the listing could only be postponed. At that time, many people still didn't understand why Ant Financial had such problems. It was not until later that its operation method was made public that people realized that Ant Financial and Alipay had so many unreasonable operating conditions.
Among them, the financial leverage, which is as high as one hundred times, allows people to see the "true face" of Ant Huabai and Borrowing. It is understood that only a small part of the amount in the user Huabei and Boraibe comes from Ant Financial's funds, most of which are bank loans, and Ant Financial plays the role of an intermediary earning interest margin.
In other words, Ant Gold can lend 300 billion to the bank with a principal of 3 billion, and then lend the money to users to earn more profits through high interest rates. Obviously, this method is completely unreasonable. Once listed, it will definitely bring risks, so Ant Financial's plan will inevitably be stopped.
After that, in order to reformulate the listing plan, Ant Financial could only cooperate with the actions and measures of relevant departments, and Alipay also announced some new regulations. The first is to reduce the Huabei quota of young users and no longer encourage the concept of advanced consumption. The second is the removal of Internet deposit products, which only old users can see, new users no longer have this right.
Finally, in addition to Alipay, JD.com has also begun to make adjustments, and its Internet deposit business has also disappeared. In fact, it is not only Alipay and JD.com. All domestic Internet loan platforms have removed their deposit business. New users can no longer deposit personal funds in these products.
The reason why Alipay, JD.com, etc. began to act is also very simple. It is precisely because the central bank and the China Banking and Insurance Regulatory Commission issued a new notice a few days ago, requiring all online deposit services of commercial banks to be offline. In other words, all deposit products of commercial banks on platforms such as Alipay and JD are now offline and no longer provide users with corresponding services.
All offline, new and old users are treated equally
More importantly, according to the latest news, relevant regulations clearly state that new and old users are treated equally. Those old users who have purchased deposit services before can only withdraw or withdraw them, and cannot perform other operations or continue to purchase. However, new users still can't see such products, and can't find a way to buy them.
This means that the country has made up its mind to rectify Internet loan products, because it itself belongs to the business of "driving without a license". If it is not regulated, it may bring certain adverse effects in the future. Therefore, it is very necessary for Alipay and JD to start actions. As the vane of domestic Internet finance companies, they should set an example.
Write at the end
From the above situation, it is not difficult to see that although Internet financial products can bring users a lot of convenience and may also allow users to obtain higher interest rates, they are essentially without any guarantee. Once something goes wrong, eventually It is the user who is damaged. Therefore, it is necessary to strengthen domestic supervision in this area, and it deserves people's recognition.
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