On October 21, 51 credit cards suddenly appeared on the headlines of major media news.
Zhejiang police out of the police hundreds of assaults check 51 credit card is located in the Xixi Valley International Business Center, 80 Zixia Street, Xihu District, Hangzhou.
Source: Every reporter Xiaole photo
51 credit card as a listed company, the news of the police investigation is not lost, not only public opinion, but the stock price naturally fell.
According to the Flush data, the Hong Kong stock 51 credit card has been closed on October 21, 2019 at 1:50 pm. The suspension was reported at HK$1.770, a decrease of 34.69%.
What is the specific reason for the 51 credit card being investigated this time? There is no definitive news yet, but there are probably two possibilities from the many versions that are circulating in the market.
The first type: The business involves a crawler service (privately stealing user privacy data).
There are often cases where various P2P platforms collect user information and reveal user privacy. And 51 credit card private collection of user information is not uncommon in Weibo, knowing relevant questions. In the case of only complaints, the number of complaints related to 51 people’s loans was nearly 5,000.
This technical means is simple to understand: when a customer browses credit card information on a 51 credit card website, the website crawler will grab the user information without the customer’s permission, and then hand over the captured user information to The online loan business went to “call back” to promote its high-interest online loan products. It not only brings the risk of being harassed by the phone to the user, but also induces the user to handle high-interest online loans, which increases the risk of blind investment by users.
51 credit card has also been monitored by a bank, the company crawled the user information through the crawler program, but the user did not authorize this behavior. The bank said that the act is suspected of constituting a crime of infringing citizens’ personal information.
The above information has not been confirmed by 51 credit card controller operators.
From the chat records of a financial industry group in Zhejiang, the police raids went straight to the 15th floor of the 51 credit card technology crawling team, and the goal was very clear.
Second: 51 credit card collection outsourcing involves illegality.
51 credit card was quickly fermented by police raids, According to the Xiaojinshe report, a vice president of credit card 51 said, “51 credit card collection and outsourcing problems, the company’s P2P business is normal.”
51 credit card loan outsourcing business outsourcing itself is a behavior that leaks user information, as the vice president said, “51 credit card company P2P business is normal, the collection has a problem,” then it is not even more illustrative 51 credit card Is the bottom line for protecting borrower data exacerbating the risk of borrowing customers receiving violent collections?
No matter which one is the real reason, the last finger points to the online credit business of 51 credit cards.
Qinxinbao data display: 51 credit card is a practical credit card management tool and financial service platform developed by Hangzhou Enniu Network Technology Co., Ltd., the legal representative, chairman and general manager of the company is Sun Haitao, co-founder Yang Yu Zhi, registered capital of 500 million yuan.
According to the 2019 mid-year financial report released by 51 credit card, in terms of the number of registered users, 51 credit card registered users as of the end of June 2019, about 83.4 million, the cumulative number of managed credit cards as of the end of June 2019, about 139 million.
51 credit card founder Sun Haitao as a serial entrepreneur, has founded a three-dimensional map, Fangtu network, in 2012 to catch up with the mobile Internet dividend period to create 51 credit cards.
51 credit card was born at the beginning did help many credit card holders solve the problem of inconvenience of managing multiple credit cards separately. It is cut into the needs of users in the segmentation field, which is also the initial brand and crowd basis. But with the development of 51 credit cards, credit card management is a business imagination.Space is limited, coupled with the possibility of no huge profits, business transformation is inevitable.
51 credit card turned around just happened to encounter P2P blindfolded three years.
51 credit card prospectus shows that 51 credit card income sources are three, credit card technology service fees, credit introduction service fees and credit matching service fees. Between 2015 and 2017, the main source of growth for 51 credit cards was the credit matching service fee (P2P), which accounted for 16% in 2015, accounting for 17%; in 2016, 380 million, accounting for 67%; in 2017, it reached 16.2. Billion, accounting for 71%, shows how wild the p2p expansion has been in those two years.
If 51 credit cards are stripped of this piece of revenue, the three-year business can only be described as lacking.
Until 2018, 51 credit card P2P business is still strong, its 2018 financial report shows: 51 credit card 2018 annual revenue of more than 2.8 billion yuan, credit matching and service fees reached 2.056 billion yuan, accounting for 71%.
It can be said that in just a few years, 51 credit card main business has successfully transformed from credit card service to P2P business.
It is the user and revenue double bursts brought by the P2P business, which makes the unnamed 51 credit card welcome the favor of Xiaomi, Jingdong, Shunwei Capital, Qianhaimu Fund and Xue Manzi. It was the thigh of 37 listed companies including China People’s Insurance Group Co., Ltd., Zoomlion, Perfect World Co., Ltd. and Shanghai Volkswagen Sharing (Group) Co., Ltd., and successfully cooperated with 24 banks to become China’s first and largest online credit card management platform, the largest online consumer finance market targeted by credit card holders.
For Internet finance, especially P2P chaos, national regulators and local regulators have been rehabilitated since 2016. In the past four years, thousands of P2P platforms have been exploding or the founders have surrendered themselves. P2P investors have long since invested. Lost the underpants.
Especially since the beginning of this year, the mutual gold industry has encountered many problems due to compliance issues, and many provinces and cities have consistently expressed their views.
On October 18, the Shandong Provincial Local Financial Supervision Administration issued the “Network Lending Industry Risk Warning Letter”, indicating that the current P2P online lending industry is undergoing special risk rectification. So far, no platform has passed the acceptance test. “In the future, we will ban all P2P online lending business that has not passed the acceptance inspection within the province.”
On October 16, the Hunan Provincial Local Financial Supervision Administration issued a notice saying that according to the spirit of the national P2P network loan rectification and the “P2P network lending risk special rectification and rectification work plan”, “P2P network lending institutions in Hunan Province” According to the requirements of the Compliance Inspection Work Plan, through the on-site inspection and acceptance of various cities and states, the Hunan Provincial Mutual Remediation Office, the P2P Network Loan Remediation Office and other relevant departments will conduct a business meeting and unanimously identify 24 online lending institutions that have been included in the administrative rectification list in Hunan Province. P2P services are not in compliance with the relevant provisions of the “One Approach and Three Guidelines” and will be banned.
At the end of July and early September of this year, the Ningxia Hui Autonomous Region Office of the Financial Risk Prevention Leading Group announced the list of 18 and 6 P2P platforms to be banned.
In addition, a number of big data intelligent risk control companies in Hangzhou and Shanghai were also investigated by the police in September this year.
It can be said that the survival problem has become the core problem faced by most online lending platforms.
Today, I finally got my 51 credit card.
From July 13, 2018, when 51 credit cards were listed on the Hong Kong Stock Exchange, the opening price of 51 credit cards on the first day of listing was 8.76 Hong Kong dollars, up 3.06% from the issue price of 8.5 Hong Kong dollars, with a turnover of 218 million Hong Kong dollars. Today, the stock price has fallen by nearly 80%.
It’s true: seeing him rise from the tall building, seeing him banquet guests, seeing his building collapse.
If the 51 credit card can continue to optimize credit card usage services, it does not involve online loans, and perhaps it will not fall into the situation of being checked.