Digital Kingdom

On June 12, Golden Dragon Loan officially announced in Beijing Diaoyutai Hotel that it had completed the B round of financing. The financing was jointly led by Ark Fortune and Ruida International, followed by Kunlun Investment and other institutions, and Huawei Capital as the round of financing Exclusive financial advisor.

Among them, Kunlun Investment was the investor in the previous Series A financing of Golden Dragon Loan, and this time it has also followed up again.

The total investment is 250 million U.S. dollars, which is the largest single financing in the Internet finance industry so far, and it is also the largest B round of financing in China's Internet industry in recent years.

Dragon TV, CBN Channel, Chinese operator column.

"Good evening, everyone, and welcome everyone to the Chinese Operators column, I am Fang Yue"

As a well-known host in the Far East, Fang Yue is very popular and is well received by audiences for his friendly host style.

"Chinese Operator" is a brand-name talk show produced by a brand-name TV. The host Ms. Fang Yue invited the domestic elites in the economic field to sit down and talk about it. Once it was launched, it was well received.

"Today we invited Mr. Yang Xiaolong, the partner of Ark Fortune, and Mr. Wang Tianbao, the CEO of King Long Internet Technology. Wang is always our acquaintance. We had a telephone interview during King Long's Series A financing."

Fang Yue introduced with a smile, wearing a black and white professional uniform, very aura, sitting opposite Yang and Wang, showing off his sharp edge.

"Hello host" Yang Xiaolong is very polite

"Xiaoyue, hello" Wang Tianbao said with a smile.

"We all know that King Long has conducted two financings in less than a year, and its market value has doubled several times. Here I would like to ask Mr. Yang, what kind of considerations did it take to invest in King Long Networks?"

Fang Yue's age in his thirties is when the flowers are in full bloom, with a charm that cannot be ignored.

Although Yang Xiaolong was on TV for the first time, he was not nervous and explained with a smile on his face.

"With the development of the domestic economy, the increase in national income and the broadening of lending channels, the vigorous development of Internet finance will be the general trend. Golden Dragon Loan has obvious advantages in the industry and has great potential. We are willing to work with Golden Dragon Loan to promote China's Internet finance and The development of the personal credit information service industry.

Ark Wealth has invested in many Internet companies, and Internet companies mainly look at two levers: one is capital leverage, now there are many people doing P2P, and the capital leverage industry is basically at the same level; the second is operating efficiency leverage, not all P2P platforms Jinlongdai has such characteristics."

"Can I understand that Ark invested in Golden Dragon because of its huge potential?"

Fang Yue raised her eyebrows and guessed.

"Nor can it be said completely. Even in terms of its current scale, Golden Dragon is also the first-tier online lending platform in China. In the first quarter of this year, its transaction scale reached 900 million yuan, 20 times that of the same period last year. The transaction scale of Daidai can reach between 8 billion and 10 billion yuan. Jinlong Daidai has served over 500,000 borrowers in total. As of the previous day, the cumulative transaction volume was 1.6 billion yuan."

Yang Xiaolong explained,

Naturally, the advantages of Golden Dragon must be stated, otherwise, it is easy to give people the impression that Ark Fortune has a lot of foolish money.

"Here I give you a brief introduction to the wealth of the boat"

Fang Yue smiled and took the conversation.

"Ark Fortune is an overseas investment fund management platform that focuses on investing in the Chinese market. It manages five phases of private equity investment funds. The main funds come from well-known international investment institutions, including famous university foundations in the United States. Their style is biased towards The main investment directions for investing in companies in the growth and expansion phases are: Internet, medical care, and elderly care industries. In recent years, Ark's investment targets include: Qihoo 360, Dianping, Douban, Mogujie, Good Doctor, Guohu, and Qiongyou. "

Yang Xiaolong smiled and nodded, Fang Yue is also a caring person, after all, many projects are not public.

Fang Yue turned to Wang Tianbao and asked solemnly.

"For this B round of financing, the amount is so large, we are very curious, what is the main purpose of Golden Dragon Company?"

Wang Tianbao said,

"This round of financing will be used to strengthen the company's internal operation and construction, optimize products and services, and further enhance Jinlong Loan's ability to control risks, and also provide the possibility to deepen the acquisition and strategic layout in the process of business vertical expansion.

Golden Dragon Loan will use this round of financing as a new starting point, continue to adhere to data accumulation as the core, establish a more complete risk control system, promote the construction and development of China's personal credit system, and launch better products and services to promote inclusive finance development of."

"As an upstart in the Internet industry, Golden Dragon is unique in Internet financial innovation. Can you briefly introduce the risk control model of Golden Dragon Loan"

Fang Yue continued to ask.

Wang Tianbao groaned slightly, then said

"The core of Golden Dragon's risk control is the law of large numbers. Through technical means, people who cheat money are found and selected to evaluate the cost and probability of default.

The company will determine the cost of default by collecting data from various dimensions of the borrower, and give the loan amount and corresponding risk pricing.For example, the customer’s gender, marital status, graduate school, Internet usage traces, etc. will all be reference factors in the credit risk identification model of Golden Dragon Loan.”

"So for the borrower, are the review standards strict?"

Fang Yue asked the key point.

"This will also lead to Jinlongdai's strict review of borrowers. According to the latest data, there are currently more than 3 million registered users of Jinlongdai, of which 1.2 million are investors, 1.8 million are borrowers, and users with lending records 500,000 to 600,000 people, which means that there are more than 1 million registered users who are unable to meet the loan standard of Jinlongdai."

"We all know that borrowing cannot avoid default. I have an industry data here, which may not be accurate. The default rate of online lending is probably less than 10%. I am curious, what is the default rate of Golden Dragon?"

Fang Yue still prepared some materials,

Wang Tianbao pondered a little, and said, "Golden Dragon Loan has a default rate of less than 1% for three years, and our calculation method is different from that of the industry.

Generally speaking, if a loan is overdue for more than 90 days, the entire loan of the borrower is counted as a default, which is 30 days in our case.Golden Dragon Loan limits the scale of platform loans to RMB 3,000 to RMB 500,000 per transaction. The financing cost of borrowers is about 18% on average, and the rate of return for investors is about 14%.For poor tolerance, within 5% are acceptable."

Yang Xiaolong naturally knows that Wang Tianbao did not tell the truth. Since the big data risk control was launched, the NPL rate of Golden Dragon Loan has dropped to an incredible level, from 0.1% to 0.01%. If it is not for the NPL ratio of previous years to offset, Golden Dragon's risk control It is bound to shock the entire industry.