Digital Kingdom

The Golden Dragon Network Company, which has completed the Series B financing, has carried out a large-scale personnel adjustment, on the one hand for business development, on the other hand, it is also in response to the supervision of capital.

Zhao Ziming serves as Chairman of Golden Dragon Loan, responsible for all administrative management and business development of Golden Dragon; Wang Tianbao serves as General Manager and CEO of Golden Dragon, responsible for the implementation of board resolutions and daily administrative management of Golden Dragon; Shen Yiyi serves as President and Chief Operating Officer of Golden Dragon Officer, responsible for product design, risk management, credit rating, risk pricing, process and operation management of microfinance and consumer installment;

Li Yu was appointed as the chief strategy officer of Golden Dragon Company, Liu Shuhe was appointed as chief technical officer of Golden Dragon Company, Yang Xiaolong was invited to become independent directors of Golden Dragon Company, and Li Wei and Xu Baoping were elected as the new directors.

In addition to these familiar faces, Zhao Ziming spent a lot of money to hire high-tech talent Gu Shaoze as the company's chief risk scientist.

Gu Shaoze graduated from the Computer Department of Grinnell College (Grinnell College) in the United States with a full scholarship, and later received a Ph.D. in the Department of Computing and Neural Networks from the California Institute of Technology (Caltech). He has more than 14 years of experience in data analysis and modeling. Senior analysis manager of management consulting (OperaSolutions), providing quantitative analysis and model solutions for a large number of commercial banks, investment banks, and private equity clients.

So far, the structure of the entire Golden Dragon Company has stabilized, business development has been stable, and the corporate governance structure has been reasonable.

Liulin Building, Golden Dragon Company, Zhao Ziming's office.

Gu Shaoze was full of energy and was talking freely.

"Robo-advisor is robo-advisor, a service model of online investment advisors. In the past, investment advisors were only limited to high-net-worth clients. Only when the family has enough money can we hire a dedicated investment advisor because the labor cost is very expensive.

Now with the development of artificial intelligence, an online investment advisory model has begun to emerge, using artificial intelligence to manage the existing property at home, allocate investments, and manage risks.

Robo-advisors originated in the United States around 2010, and the prospects are very impressive. The two most representative independent robo-advisors companies are Betterment and Wealthfront.

Wealthfront was founded by a professor at Stanford University’s School of Business. It was launched in 11 years. The current asset management scale is almost 1.3 billion U.S. dollars, and Betterment has 2 billion U.S. dollars in assets under management. According to Citigroup’s forecast, by the end of next year, this industry The scale of asset management is expected to reach US$20 billion"

Zhao Ziming put down the tea cup, sat up straight, and listened carefully to Gu Shaoze's analysis.

He made great efforts to invite Gu Shaoze to come, not for the sake of looking good and diluting the grassroots nature of the company. He still hopes that Gu Shaoze can bring some breakthroughs to the development of the company.

At present, Golden Dragon Loan focuses on microfinance and consumer installment. Its business is developing rapidly, but the growth rate is slowing down. Zhao Ziming knows that this is a phenomenon that every company must have after it has grown to a certain scale. From 0 to 100, it develops rapidly. 100 to 200, although the scale is the same, the speed is much slower.

But he is somewhat unwilling. The company’s development is below his expectations. Although the prosperity is still there, the decline is already contained. According to the current trend, the day when Golden Dragon Loan went public, it was only a market value of four or five billion US dollars. What he wanted.

Microfinance is limited by the brutal growth of the domestic market. It is difficult to make a big breakthrough. By this time, everyone's scale is similar. You have 1 billion new turnover, and I will not be less than 800 million, unless we encounter The market is sluggish, and Golden Dragon may rise against the trend, but at that time, the overall environment will deteriorate, and the valuation of the entire company will instead decline.

Shen Yiyi’s leading consumer installment has encountered setbacks in the automotive field. Because the competition is too fierce, everyone knows that this is a high-quality resource. Relatively speaking, King Long has a prominent network disadvantage, so he reluctantly talks about a few cooperative brands and has to switch to 3C electronics. Products, and gradually expanded to sports, luggage, beauty, watches, jewelry and other categories, has reached long-term strategic cooperation with many well-known brands such as OPPO, vivo, Lenovo, Dell and other companies.

In the field of mobile phones, King Long took the lead in launching the mobile phone rental business "Le Xian Xiang" and "Second-hand preferred" focusing on second-hand mobile phones to meet the diversified needs of users in different consumption scenarios. However, this market is mixed, and King Long wants to do Big is also difficult.

After several thoughts, Zhao Ziming decided to open up new business again, because his biggest advantage lies in the network world, and the optimization ability of the small newsletter, without this, talks about development, and only seeks fish.

He never thought that he was a business genius. If he didn't have black technology in his hands, he would just barely have enough food and clothing. If he is lucky, he will start a family and start a business here.

After recent company personnel adjustments and self-examination, Zhao Ziming understood how to become invincible.

Based on the optimization ability of small news, even if you encounter any setbacks, it will not hurt your bones.

He knew this before. It was just that with the success of his career, he gradually lost himself, thinking that there was nothing hard to do with him. When he was satisfied, he felt that he would succeed sooner or later even if there was no small news.

The consumer instalment business was not going well, which gave him a head-on. The overall strategic transformation cannot be said to be wrong, especially in the early stage, with huge investment in advertising costs, great progress has been made, and even this round of financing was successful. , It has a lot of credit.

However, Zhao Ziming's ambitious dream of car dealership soon broke down.

Although on the surface it is a multi-field development and opening up a new consumer installment business, it can't hide my heart.

For the future development of Golden Dragon Company, and even the development of other holding companies, Zhao Ziming has formed a complete business idea, which is inseparable from the ever-changing, insisting on the development of artificial intelligence, relying on the virtual world, and eventually radiating other aspects.

The lack of high-level and compound talents has always been the weakness of Golden Dragon. Although Zhao Ziming does not discriminate against grassroots teams, it is undeniable that most of the high-end talents have a background of studying abroad, and regular replenishment of fresh blood is the key to keeping a team full of vitality.

After the recommendation of a headhunting company, Zhao Ziming selected Gu Shaoze from a dozen people, just because he took a fancy to his technical background, and hoped that he could find a new direction for the company's development.

Gu Shaoze did not let him down. He knew the robo-advisory field he proposed, and he felt that it was in line with his expectations.

The first is that the market is huge, with a market of tens of billions, which will be worth hundreds of billions or even trillions in the future; secondly, it mainly depends on the development of artificial intelligence. In this regard, he has a unique advantage. Finally, there are companies that have taken the lead. First try, algorithm models, smart tools have all developed a lot.