"Lao Fan, how is the situation on your side? Rui Xiang has negotiated a credit of 4.77 billion yuan with ICBC and Jingnong Commercial Bank.

Yimin Netfinance has to hurry up, and it is expected that we will submit a prospectus to the SEC (Securities and Exchange Commission) in June. ”

On the phone, Zhang Yida once again cared about the financing of Yimin Netfinance from the bank.

"Hey, how can Yimin Netgold compare with Ruixiang? We don't have a parent company with a valuation of 10 billion yuan to provide joint and several liability guarantees.

I approached a few small banks, and they expressed some interest in cooperating, but some concerns.

After all, there is no precedent for this!"

Fan Hongyang has not been idle these days, and has contacted many bank leaders through various connections.

The other party told him that with online small loans as the main body of financing, the maximum leverage ratio of the loan can be given.

But beyond that, there are many obstacles to financing on a larger scale.

Zhang Yida thought about it for a while, and roughly understood the meaning of the banks, not only wanting to make money, but also fearing punishment for illegal operations.

My heart moved, I had a new idea, and said:

"In this way, you go to buy a financing guarantee company to provide intermediary guarantee for the cooperation between Yimin Netfinance and the bank.

In this way, the procedure will not be cleared. ”

The current situation of Yimin Netfinance is that the supply of funds is insufficient, and the optimization reduces financing costs.

Compared with the capital cost of more than a dozen points of P2P, the capital cost of a few points of the bank can help Yimin Netfinance save a lot of costs and help improve the profitability of enterprises.

"Well, is this considered a related guarantee, and what is the upper limit of the guarantee?"

Fan Hongyang is an e-commerce operator, and he is better at the operation and management of the Internet.

Zhang Yida was ready to teach him a lesson and said:

"Related guarantees are mainly for listed companies to make their reputations stink, major shareholders guarantee for listed companies, and listed companies guarantee for major shareholders.

Now the new way of playing is that the listed company guarantees the subsidiary. While harvesting leeks, it also ruined its reputation.

China's credit system is not perfect, so many loans need to find a guarantor or guarantee company to enhance credit.

We set up a guarantee company to guarantee our parent group, which is completely legal and compliant.

According to Article 28 of the Interim Measures for the Administration of Financing Guarantee Companies, the balance of financing guarantee liability of financing guarantee companies shall not exceed 10 times of its net assets.

This means that the maximum leverage ratio cannot exceed 10 times, that is, 1:10.

If you put together the surplus funds of Yimin Netfinance, how can you make up a billion 800 million.

Just use 10 billion to leverage the bank's 10 billion capital credit.

The 1 billion guarantee funds are to be frozen in the bank and cannot be moved, but the other 9 billion can be used for lending.

Five or six points of capital cost, you take it according to the annualized 24 loans, there are also eighteen or nineteen points of interest rate difference.

It's much more cost-effective than P2P, and if the model runs through, I want to replace all the funds with institutions in the future. ”

Fan Hongyang thought for a while and said: "No! I remember that there is a clause in the guarantee company that the balance of the guarantee liability for the same guaranteed person and its related parties shall not exceed 15% of the net assets of the financing guarantee company. ”

"Hey, wouldn't it be nice if you had a few more vests. Anyway, it's not that we don't pay back this money, or we can't afford to pay it back.

WeBank, MYbank, and Ahri Small Loan are all doing this.

Let's give full play to the strengths of financial technology and drive small and medium-sized banks to make progress together. ”

Zhang Yida sneered in his heart, in his previous life, several big brothers took the lead in releasing hundreds of billions of trillions, and the registered capital of his small loan company was only a few billion, and the leverage of hundreds of times was also very slippery.

As soon as the regulator made a move, the model was adjusted and changed to joint lending, with 19 capital contributions and 28 account splits.

Banks take the lion's share, fintech companies take the lion's head, and the big guys are still very happy to cooperate.

Sit in a row and eat fruits!

"That'...... Okay, I'll talk to them along your lines. ”

Fan Hongyang thought about it and felt that what Zhang Yida said was still very reasonable, and it seemed that it was very necessary to open up institutional funding channels.

Hanging up Fan Hongyang's phone, Zhang Yida got up and left Ruixiang Company and went to Doushi Company.

More than 100 employees of Doushi are concentrated in a Grade A office building in Zhongguancun.

In order to facilitate and provide employees with a spacious and comfortable office environment, Zhang Yida directly rented the entire 15th floor, which is more than 1,500 square meters.

Since Shake Vision is still in the early stage of research and development preparations, Zhang Yida usually only comes once a week.

Because the first test version has been made, Zhang Yida came to experience it for himself today.

When you reach the 15th floor, you will be greeted by a huge musical symbol, which is the logo of the jitter.

Zhang Lan, the product manager of Doushi, stood at the gate early and waited for Zhang Yida, and when he saw him coming, he hurriedly greeted him.

Zhang Lan was dug up by Zhang Yida from Toutiao, and in her previous life, she was the president of Doushi and a rare excellent female product manager.

When she was 14 years old, she and Zhang Ming suggested making a short video APP, but it has not been adopted by the other party.

It wasn't until the beginning of 16 years that Zhang Ming made up his mind to make a short video APP.

Zhang Lan also lived up to his expectations, and in 17 months, he achieved 100 million daily active users, becoming the fastest product to break 100 million daily active users after WeChat.

For this kind of talent, Zhang Yida couldn't bear to watch her waste her years, so he dug it directly from the headlines.

Zhang Lan took Zhang Yida through the front desk and into the dirty and messy staff area.

Zhang Yida looked around, dozens of senior programmers in plaid shirts were coding code, and all kinds of miscellaneous items were piled up on the workstation.

Seeing this, Zhang Yida didn't say anything, these are all treasures that he entrusted to the headhunter to dig up, all with an annual salary of hundreds of thousands.

They like an open, free R&D atmosphere, so it's up to them.

When he arrived at the conference room, Zhang Lan took out several test mobile phones, all of which were installed with the Shake TV APP, handed them to Zhang Yida, and said:

"Mr. Zhang, in the past two months, our team has downloaded hundreds of short video apps at home and abroad, and we have experienced them several times one by one, and finally made this test version of Douyin.

Take a look and give me advice!"

Zhang Yida took the mobile phone and opened the Shake TV APP, and a screen popped up on the home page:

A girl is lip-syncing.

"Foam in the sun, it's colored.

Just like me who was deceived, I was happy.

Investigate what is right and wrong, your lies, based on still loving me"

......

Zhang Yida fixed his eyes and saw that it was Zhang Lan, who was wearing makeup, and almost didn't recognize it.

The video is very average, and it can't be compared with the long legs of jumping and jumping in the memory of the previous life.

The video was only 15 seconds, and many of them were finished, Zhang Yida paused and did not scroll down. glanced at Zhang Lan and asked, "You took it?"

"yes! I'm sure I'm the product manager the first to try it!

You scroll down, and our team has shot a dozen videos. ”

Zhang Lan was quite satisfied with her work and urged Zhang Yida to continue to look down.

Thinking that Zhang Yida didn't know how to operate, Zhang Lan leaned over and approached Zhang Yida, she swiped her middle finger on the mobile phone screen, and the mobile phone switched to the next screen, and said:

"Mr. Zhang, look, this switches to the next video.

There are no superfluous actions and pages, and that's what you're asking for to be an "immersive experience." ”

The next video is a programmer lip-syncing singing, the picture is so beautiful, Zhang Yida did not quickly swipe over in order to experience the product, but watched it carefully.

The next dozen or so videos were also taken by a group of employees who looked at each other, and Zhang Yida watched them all one by one.

After reading it, Zhang Yida did not speak, and began to quietly think about the advantages and disadvantages of the product.

"Mr. Zhang, how about it? If there are any deficiencies, you can put them forward, and I will ask everyone to change them. ”

Zhang Lan saw that Zhang Yida didn't speak for a long time after watching the video, and he was half cold, thinking that the boss was not satisfied, so he stopped talking.

"Oh...... No no. The UI is very exquisite, and the APP response is also very fast, not stuck.

It's just that there are fewer videos, and I don't know what happened to the algorithm recommendation.

Another is that the functions are too simple, like video clips, BGM insertion, beautification functions, special effects functions and nothing else. ”

To be honest, in this version, Zhang Yida did not dare to push it to the market, and he was ready to hit the street.

Short videos began to develop in 2011, and now the mainstream players on the market include Kuaishou, Meipai, Xiaojiaxiu, Miaopai, Xiaoying, and Weishi......

Microvision was abandoned by Penguin last month, and I don't know if it will restart in the future.

If you have users, there are not many of them, and short videos are still in a relatively niche Internet segment.

"Magic City Home Musical.ly launched in April last year, is also a music short video community application.

However, unlike Shakespeare, their main market direction is in North America.

The main feature of their product is that users can quickly create a 15-second MV by capturing a video they have shot with music from their library.

Or choose your favorite hit songs and make music videos with lip-syncing and body movements.

Next, you can take a good look at their products and extract some advantages to our Doushi. ”

Zhang Yida suggested to Zhang Lan.

Musical.ly was launched in both China and the United States in July last year, but after its release, it was almost unknown in China, but it became "the most exciting app for me" among young Americans.

It is the number one product of its kind in the United States, and even popular stars such as Lady Gaga and Baby Ariel are also its users.

In the previous life, because of the "pixel-level" tribute to Musical.ly in terms of functions and interfaces, Shake Vision has been caught in the whirlpool of "plagiarism door".

In the second half of '17, Doushi simply spent $1 billion to acquire musical.ly.

After acquiring the other party, Doushi also used the other party's overseas market influence to go abroad in one fell swoop and create a popular overseas TikTok.

"music.ly? I've tried their products, and I don't think there's much NB?"

Zhang Lan was a little unconvinced, although she did not exclude "borrowing" from others, but after all, she indirectly admitted that her products were not good.

"People are so popular overseas, there must be the advantages of someone's family?

Put down the means and learn hard!"

Zhang Yida smiled and said, although the popularity of musical.ly in the United States depends on some luck, the quality of the product is absolutely on the horizontal line.

The reason why the country is not adapted to the water and soil is mainly due to the lack of operational capacity and insufficient funds.

Hey, do you want to lay out and invest some money in musical.ly?

Zhang Yida remembered that in his previous life, it seemed that he was invested by a cheetah, and in this life, let's see if I can cut off a beard?

Of course, it is best if it can be acquired, so as not to be saddled with a "plagiarism" infamy.