Ali Zhaocaibao's "bill loan" financing business is one of the pioneers of Internet bill financing, which has attracted the attention of other Internet companies. On April 10, the newly-built regular wealth management product platform "Zhaocaibao", an affiliate company of Alibaba Group, landed on Taobao Wealth Management Channel. The first batch of online products are divided into three categories: loan financing, insurance financing and funds, among which loan financing is a bill loan product in SME loans. The product of "bill loan" has been renamed "SME loan".
The borrower takes the bank acceptance bill entrusted by the borrower as the repayment source, and provides the pledge guarantee of the bank acceptance bill, additional guarantee insurance and other repayment guarantees.
After the introduction of bill loans, it was quite popular. Usually a new project is sold out in two or three hours, and some small projects are even killed. It is precisely because of its popularity that Lucky Treasure has also set up an online "pre-snapping function". The funds in Yu 'ebao can automatically subscribe for your pre-set share when the new product goes online, and users will continue to get the expected annualized expected income of Yu 'ebao during the reservation queue. If you want to buy lucky products, you must first become a user of Yu 'ebao. The default agreement includes the agreement on the automatic transfer of Yu 'ebao's withholding service, and the expected annualized expected income of the due principal will also be returned to Yu 'ebao's account by default.
2. Ali Lucky Treasure Bill Financial Management Model
In essence, bill loan is a P2B (personal-to-business) loan investment and financing platform. That is to say, in order to obtain liquidity funds, in the traditional business, the holder sells the unexpired bills to the bank in advance, but now he uses the bills as collateral, publishes products on the lucky treasure, raises funds from individual investors, and transfers the expected annualized expected income right of the acceptance bill to investors at a lower price. After the bill expires, the platform directly discounts the accepted bill, allowing investors to get back the principal and expected annualized expected income. The difference between the face value and the amount of the previously purchased bill loan product is the expected annualized expected income of financial management.
Like other P2B platforms, Zhaocaibao bill loan links personal financial needs with corporate financing needs, but the transaction mode is not a simple creditor's rights relationship, but the expected annualized expected income right of bank acceptance bills held by enterprises is transferred. The service fee charged by Lucky Treasure Platform to financial institutions (all banks, non-bill acceptance banks, similar to intermediary banks) that provide risk management for financing enterprises. On the platform of Zhaocaibao, a bill loan product corresponds to a bank acceptance bill, and the financing scale of a single loan is mainly distributed between 654.38 million yuan and 2 million yuan.
3. Alibaba sells SME loan business.
/kloc-August 0/4 13, the latest prospectus of Alibaba Group revealed that Alibaba Group, Yahoo, Softbank, Alipay and Microfinance Services Group (hereinafter referred to as "Microfinance Services") unanimously approved and agreed that Alibaba Group and Microfinance Services reached a brand-new equity and asset purchase agreement.
The new agreement expands the scope of profit sharing that Alibaba Group can obtain, and if Xiaoweijinfu applies for and obtains the written permission from the regulatory authorities in the future, Alibaba Group may also hold the equity of Xiaoweijinfu to obtain more long-term expected annualized expected income. For Xiaoweijinfu, the new agreement clarifies the business relationship and business scope between Alibaba Group and Xiaoweijinfu. Alibaba Group's SME loan business and assets will be sold to Xiaoweijinfu.