Following the acquisition of online small loans, insurance, payment, and financial leasing licenses, Xinliu Finance recently learned that Drip is planning to take a banking license and intends to launch a private bank.

Editor’s note: This article is from WeChat public account. “New Flow Finance” (ID: xinliucaijing), author Xiao Huizhen.

Drip has never given up the dream of becoming a financial unicorn.

Of course, the premise of becoming a unicorn is to win the financial “full license.”

After winning the network small loan, insurance, payment, financing lease license, recently, Xinliu Finance has learned that Drip is planning to take a banking license and intends to launch a private bank, East Coast Bank.

East Bank will be the main sponsor of Dirun Technology Co., Ltd. (hereinafter referred to as Dirun Technology) and Tianjin Datong Investment Group Co., Ltd., which are wholly-owned subsidiaries of Didi, and six general promoters will jointly participate in the joint venture. .

The registered bank of East Coast Bank will be in Tianjin Zhongxin Eco-city with a registered capital of RMB 3 billion. Didi Subsidiary Dirun Technology will hold 30%, Tianjin Datong Group will hold 21%, and the transferor will hold 8%.
  Xinliu Finance understands that at present, East Coast Bank is still in the stage of IPO, and other shareholders will allocate the remaining 41% of the shares.

The requirements of the East Coast Bank for the participating parties are in accordance with the requirements of the Banking Regulatory Commission on the Measures for the Administration of Equity of Commercial Banks. The shareholders of private banks must conform to the “three principles”, namely localization, materialization and transparency.

In other words, the East Coast Bank shareholder needs to be a local company in Tianjin, which belongs to the real economy and has strong market competitiveness. Strong profitability can continuously meet the capital requirements for sustainable development of the bank in the future.

In addition, the shareholding company needs to have a sound governance structure, clear management, clear and transparent rights and responsibilities, and explain the ownership structure to the actual controllers and beneficiaries, and the social reputation, integrity records, and tax records are good. Commercial bank shareholders must invest in commercial banks with their own funds, and the source of funds is legal. The investment amount shall not exceed 50% of the net assets, and the company’s profitability in the past three years is good.

When Internet giants such as BAT, Meituan, and Xiaomi have taken their banking licenses, the move to set up private banks is ambitious, but it is also a trend.

Sit with billions of traffic, finance becomes a key layout

Drip has been in the market for the first time since 2012. It has been in the past seven years. After the merger and quickcoming, and on-line, driving and bus business, Didi has become a shared travel field. Unicorn.

Public data shows that the number of passengers on the Drip travel platform has exceeded 450 million, and the daily volume has exceeded 20 million times. The registered drivers are 50 million. About 20 million people earn income every year on the Drip Platform.

Despite the billion-level traffic pool, Didi is still not profitable.

At the beginning of this year,In the month, the credit users of the quota of 3000-5000 yuan were put on the line for the driver.

In 2018, Didi’s financial ambition became more prominent. At the beginning of the year, the original Manhattan (financial department) was upgraded to Didi Financial Division. In April, the cash-selling product “Drip Loan” was launched for individual users. The first shot of the financial industry, the maximum amount of the product is 300,000 yuan, and the funds mainly come from banking institutions such as Xinwang Bank and Fumin Bank.

In July 2018, Didi launched a separate financial app “Drip Finance.”

In the first half of this year, Didi began to launch online loan supermarkets, which are the diversion of consumer products such as consumer finance and Hang Yin consumer finance.

It is worth mentioning that in the field of financial management, Didi is not absent. In March 2017, Didi launched a wealth management product called “Golden Orange” to provide balance management services for users who are tied to the card. This service is provided and managed by Huaxia Fund. At present, “King Jubao” is provided by CITIC Bank.

In the ecological environment, there are not only drivers, passengers, but also new energy OEMs, car rental companies, car dealers and aftermarket service providers.

In January 2016, Didi jointly invested with CITIC Industry Fund in a financial leasing company, Shan State Financial Leasing (Shanghai) Co., Ltd., which specializes in personal new and used car financing leases, dealer financing leases, and lease transactions. Consulting and guarantee, business factoring and other services.

In April, the Hong Kong subsidiary “Quanfu Holdings Co., Ltd.” established a wholly-owned subsidiary “Zhongfu Financial Leasing (Shanghai) Co., Ltd.” in the Shanghai Free Trade Zone.

In April of this year, Didi Finance also launched a to-end product for the car rental company, the “Full Orange” system, which provides one-stop financial services for travel eco-partners. The person in charge of Didi Finance also said that the “Whole Orange” system is expected to serve 1,500 leasing companies in 2019, indirectly stimulating the supply of millions of online car orders per day. In the future, the “Full Orange” system will also access a number of funders and insurance companies to improve services.

At present, Didi Financial APP services include: borrowing money, major illness mutual assistance, insurance mall, car owner loan, kumquat treasure, installment car and other services.

Among these services, the loan service and the major illness mutual assistance are provided by the subsidiary of Didi; the owner loan is jointly provided by Didi Financial and Ping An Bank; Kumquat is provided to CITIC Bank; the purchase of the car is owned by Can Valley. Car has a financial leasing company to provide.

The financial layout of the re-distribution, all financial services for people and cars, almost all involved, if this can successfully win the bank license, Didi Finance will complete the vital part of Didi Ecology Didi Finance is bound to become a new business growth point for Didi.