Top of the Great Era

Chapter 1524 Huh, I owe a beating
Under the industrial Internet, the financial industry is of course promoted for reform, and Internet finance must also be the general trend of the future.

For example, the loan business, the traditional old-fashioned business, has low service efficiency, lack of algorithm support, lender’s review stage has layers of cards, the risk assessment model is backward and monotonous, and the review takes a long time, etc.

In fact, this intermediate link can be audited through big data algorithms and artificial intelligence, relying on Internet technology to improve the inefficiency of traditional processes.

P2P finance on the Internet is a positive word that represents the future.

However, it is different in China.

This thing has hurt too many people.

The reason is the two institutional differences between the United States and China in the face of Internet innovation.It is impossible for a system to be only good but not bad, and it is impossible for a system to be only bad but not good.

The innovation in the business model of the domestic Internet industry is stronger than that of Silicon Valley. Why?
Because of regulation.

The domestic regulatory system is to let go in the early stage and strictly control in the later stage.

In the early stage, the company was allowed to innovate boldly and boldly, in case some people who don't understand the Internet intervene indiscriminately, which leads to curbing innovation.When this innovative industry develops, the regulatory authorities will gradually understand the truth behind it, and then introduce various policies to guide and restrain it.

This model provides great social security and development momentum for the innovative development of the domestic Internet industry.

Europe and the United States are another set of models, which are strictly controlled in the early stage and encouraged in the later stage.That is, when a certain innovation appears, various parliaments and hearings will be held, and experts, scholars, and elites from many industries will be organized to discuss and evaluate whether this innovation is feasible.

If it doesn't work, it will be banned immediately; if it works, it will be vigorously promoted. The better the development, the more it will be encouraged, and the more it will be recognized and praised by the society.

This has led to great checks and balances on the business model innovation of Internet companies in Silicon Valley. Even if many companies come up with a good idea, they cannot do it right away and need to be evaluated by relevant departments.

But this evaluation process is socially oriented and open, and competitors will know it.

After the assessment is completed and approved, competitors will immediately launch similar projects to compete, and the opportunity to run into the market and track will no longer exist.

Because of this institutional factor, major companies lack motivation for business model innovation.

This systematic gap between the two sides is not obvious in the general field, but the financial field is different, which is a highly leveraged industry.

The slightest disturbance can lead to the collapse of the entire industry.

If you want to set up a P2P Internet lending and financing company in Silicon Valley, the procedures are very cumbersome.

For example, two Germans came to Silicon Valley to start a P2P company. No, foreigners are not reliable. For example, a shoe factory wants to transform into a P2P company. Two ordinary people dare to start a business?Stop talking, it's a scam at first glance!
If it is two top students who graduated from Stanford, and then has many years of work experience in Silicon Valley, with contacts, funds, relationships, and good social credit, then they have the qualifications to establish an Internet P2P company.

But that's not enough.

There must be a guarantor.

For example, the CEO of Goldman Sachs, such as the former Federal Minister of the Treasury, or the boss of Google, the top richest people like Buffett and Bill Gates, must be endorsed by cooperative banks behind them.

It is normal for a start-up company to fail, but if the founder runs away with money, it is suspected of fraud. Shareholders, guarantors, banks and independent directors must bear joint and several liabilities to compensate the defrauded users for their losses.

Because of such layers of restrictions and strict supervision, the number of Internet finance companies in the United States is very small. After more than ten years of development, there are only dozens of Internet companies that allow lending.

It is different in China. The concept of P2P was introduced to China in 14, and it quickly became popular all over the country. The supervision is very loose. Within two years, more than 5000 P2P companies appeared.

The result can be imagined.

This is not finished.

Originally, after the big waves wash the sand and eliminate the dirty, messy and smelly ones, the remaining legal and compliant good coins should develop healthily and promote the technological reform of the financial system. Come to pay the bill, and let the good money bear the social harm caused by the bad money.

Usually, the bad debt rate of traditional banks is about 6%, and the bad debt rate of Lendingclub, the best P2P company in the United States, can be controlled within 4%.Through big data model analysis and self-built credit system, Alipay has a bad debt rate of only 5 per thousand. It can be called the healthiest and safest financial platform in history, and it is the best product in the global Internet financial innovation field. , has become the biggest unsafe factor.

Many people don't trust Alipay, so they deposit their money in the bank. Some urban banks' wealth management products have higher interest rates than Alipay's products, which is indeed very attractive.

Zhou Buqi pays attention to Lendingclub right now, not because he knows it will be the best P2P financial company in the United States in the future, but because he attaches great importance to the financial field.

Helo on the mobile phone is doing so well now, and it will inevitably launch payment services in the future.

But how to do it has no idea.

It just so happens that now that the United States has approved a new model of Internet finance, even small loans on the Internet are allowed. What kind of online financial business will be hindered?

You can invest in it in advance, peel off the veil of the US Internet financial field, and jump in to see what it looks like inside.In the future, whether it is acquisition, cooperation or going it alone, it is equivalent to accumulating experience.

This is a signal.

Even Internet lending platforms like Lendingclub have been approved by the U.S. authorities. It is conceivable that Silicon Valley will usher in a wave of Internet finance entrepreneurship.

Ziweixing International will not participate in it for the time being, and will wait and see what happens.

However, you can invest in several companies to figure out the model inside.

After Zhou Buqi chatted with Lin Deng, he called Lu Qi and asked the investment department of Ziweixing International to sort out all the information of Internet finance companies in Silicon Valley.

Shi Jingmei was stunned, "Do you want to hire him?"

"No," Zhou Buqi shook his head, "it's not necessary."

This Linden's level is too high, he is a venture capitalist-level master, and it is a bit overqualified to ask him to come to the commune as the CFO.Chaowan Commune does not engage in any complicated business, nor does it engage in capital operations. It does not need such people, and the wages are too high.

Shi Jingmei breathed a sigh of relief, "I think so too, he looks like a liar!"

Zhou Buqi laughed and said, "Why are you a liar? Aren't all financiers like this, when they speak, they are a bit mysterious."

Shi Jingmei said: "The model of this Lendingclub is too exaggerated. It makes sense for Wall Street to call it a bottle containing the devil. You must not open the lid."

Zhou Buqi glanced at her, "Second sister, this model was passed after more than a dozen hearings and demonstrations."

"Are you really interested in this?"

"Try it, don't forget, Wall Street is also a traditional industry. Big data analysis and artificial intelligence will exert unimaginable magic in all walks of life."

Shi Jingmei said: "So we need to calculate all the sales data of blind boxes, inventory, turnover, returns, etc., and then conduct big data analysis..."

Zhou Buqi interrupted her, "What kind of big data is this?"

This is a hotel, today's interview is over, Zhou Buqi got up, stretched his waist, walked to the window, saw a helicopter flying over, stopped on the apron diagonally above, and walked down A chubby old man and a young, beautiful blonde girl.

They are so intimate, they are still kissing after getting off the plane, what a deeply affectionate couple.

Shi Jingmei also came over and asked, "Then what is big data?"

Looking at the touching scene outside the window, Zhou Buqi said without turning his head: "What you are talking about is called data analysis, which is based on a traditional business model. Big data analysis has a wider coverage, and it is irrelevant data analysis, which is a bit... …well, there’s a movie called “The Butterfly Effect,” you know?”

"Well, I saw it."

"That's the reason. Two things that seem to be irrelevant actually have a certain butterfly effect relationship. For example, the girl who got off the helicopter, she and the waiter in the hotel lost their jobs. Is there any relationship? This is not true. There are two related things, but if there is big data statistics, there must be some kind of connection behind it.”

Shi Jingmei nodded, "Because of the economic crisis, the waiters are unemployed. Because of the economic crisis, young girls prefer to find rich men. The more unemployed, the more sugar daddies."

Zhou Buqi said: "Basically, two things that are not related on the surface are actually influenced by the butterfly effect. For example, whether the sales receipt of the Manchester United blind box is related to the annual rainfall in the Manchester area, which requires big data analysis to find correlations."

Shi Jingmei tilted her head to look at him, and said with a smile: "If there is more rainfall, the tourism industry will suffer. If the tourism industry is poor, Manchester United's football market will weaken, and the sales of derivative products will decrease."

Zhou Buqi said angrily: "Then let me ask you again, is there any relationship between the sales of Manchester United's blind box and the local movie box office in Manchester? Is there a possibility that the higher the box office, the higher the sales of the blind box are?" The more? Or the sales of condoms, is this related to the sales of Manchester United blind boxes? Maybe, maybe not, all of which require big data model analysis.”

Shi Jingmei blinked her eyes a few times, as if winking, and said in a low voice, "I asked Linlin, and she said you don't like to use condoms, so I can do it."

Zhou Buqi pretended not to hear it, and said sternly: "Big data models are often the integration and summary of data from multiple dimensions. If Thailand, South Korea, the United Kingdom, Canada, Brazil and other countries can apply a set of data based on GDP, per capita income, and football industry output value , entertainment industry output value and other aspects of the big data blind box sales model, then when the player blind box is pushed to the emerging market, it can be released quantitatively according to the model, so as not to cause a backlog and slow sales.”

The corner of Shi Jingmei's mouth twitched slightly, and she said with a half-smile, "Should I also study the big data of the girls around you, and then I can evaluate your taste and preferences?"

Zhou Buqi sighed, walked behind her, pressed her body forward, "hold the window with both hands."

Shi Jingmei's face flushed suddenly, she was very nervous, and she said in disbelief, "No, no, I can see it from the outside, and the door is still open, let's go to the bedroom... Whoops!"

"Clap! Clap! Clap!"

A total of three times.

Zhou Buqi pressed Shi Jinglin's second sister in front of the French window, and then slapped her round buttocks hard.

snort!
Shame!

It's not over yet!

(End of this chapter)