Tang: like usury, shouldn't play with fire-P2P P2P companies, Internet financial-IT information
Two years ago, a Chinese top P2P company asked me if I needed to invest in their, their valuations have reached $ 100 million. At that time the world's largest P2P platform Lending Club in the United States NASDAQ listed, became the world's first P2P platform for listing, shares surged 56.2% to us $ 8.5 billion in market value on the day. At that time, many people feel that the P2P platform will also speed up the IPO process. In 2014, the P2P industry ushered in the outbreak in China, both the number of platforms is deal size revealed a growth spurt.
According to statistics, an annual turnover of about 250 billion yuan that year, 150 million than it was 5 years ago nearly 1700 times.
P2P outbreak is not without reason, for a long period, China small business financing needs could not be met from the indirect financing such as banks, which provide space for development of P2P finance platforms in China. Just a few years time, P2P finance in China from scratch to the outbreak.
I concern has P2P a time, from business process angle see, mode nothing more than three species: first species is pure line Shang mode, this class company actually is online Shang provides intermediary service, is responsible for developed trading rules and provides trading platform, from customer development to completed whole business are online Shang; second species is line online Xia phase combined of company, this class company General online Shang main financial end to attract lending people, and online Xia do wind control and development loan customer, currently China most P2P company are is this form ; The third is pure offline mode, is the line set of borrowers through a third party company to complete the transaction.
So-called offline P2P is actually loan sharks company and amounts involved are considerable. Financial temptations, some companies using P2P loopholes in bold "fundraising", some has become illegal fund-raising, such as exposed kuailu series, shortly before Jin and his ilk. Such companies often with financial products to attract individual investors returns of more than 10%. So, the biggest problem is how to get high returns? When the Fund reaches a certain level, to obtain a stable fixed 10% return on investment has been very difficult, while those P2P companies are 15%, even 30% returns, this is clearly unlikely. Finally, the plate, not project false crate, only to run.
"Online + offline" P2P companies, although the transfer parts of the line, but do is loan-sharking intermediary business. P2P companies and pure lines, because there are no good credit system entirely rely on users of credit data do support, so many borrow relatively small amounts, the risk is also small. For lenders, lending profit and loss won't change their lives, so as long as higher than bank deposit rates than "baby" products with high interest rates and then play this game forever.
In fact, apart from regulatory, P2P companies in China itself is not mature enough. First of all, there are many who make the Internet in P2P, do not understand a financial team is professional and financial services, on the premise of doesn't know how to control the risk, certainly not a financial services company. Secondly, some speculators into the P2P industry, these speculators point to the poor via P2P to get higher interest, never thought would become unable to meet commitments of interest, but the run.
In the Internet age, we still need to return to the nature of the business. For P2P, the essence of which is to allow the funds to flow into value, while the Internet's function is to help cash flow. So P2P product value, in essence, is that investors could receive a reasonable return on investment value, actual funding needs for funds.
Chinese P2P company should stop playing dangerous games, murder will out.
唐骏：类似高利贷，P2P公司不该再玩火 - P2P,互联网金融 - IT资讯
两年前，有一家中国排名靠前的P2P公司问我要不要投资他们，他们的估值已经达到1亿美金了。当时全球最大P2P平台Lending Club在美国纳斯达克成功上市，成为全球首个上市的P2P平台，发行价暴涨56.20%，当天的市值达到85亿美元。当时很多人都觉得国内P2P平台也会加速IPO进程。因为在2014年，中国P2P行业迎来了爆发，无论是平台数量还是交易规模都呈现了井喷式增长。
据统计，那年的全年成交量在2500亿人民币左右，比5年前的1.5亿增长了近1700倍。
P2P的爆发不是没有理由的，在相当长一段时期内，中国小微企业的融资需求无法从银行等间接融资渠道中得到满足，这为国内P2P金融平台发展提供了空间。因此短短几年时间，中国P2P金融从无到有到爆发。
我关注了P2P一段时间，从业务流程角度看，模式不外乎三种：第一种是纯线上模式，这类公司其实就是在线上提供中介服务，负责制定交易规则和提供交易平台，从客户开发到完成整个业务都在线上；第二种是线上线下相结合的公司，这类公司一般在线上主攻理财端来吸引出借人，而在线下做风控并开发贷款客户，目前中国大部分P2P公司都是这种形式；第三种就是纯线下模式，就是借贷双方通过第三方公司线下撮合完成交易。
所谓线下的P2P，其实就是高利贷公司，涉及的金额比较大。在资金诱惑之下，有些公司利用P2P的监管漏洞大胆“募资”，有些俨然变成了非法集资，比如前不久被曝光的快鹿系、中晋系之流。这类公司往往打着理财产品超过10%的回报率来吸引个人投资者。那么，最大的问题就是如何获得高额回报？当资金达到一定程度，要获得稳定10%的固定投资回报已经非常困难，而那些P2P公司基本都是15%，甚至30%的回报，这显然不太可能。最后，盘子大了，兜不住项目造假的篓子了，只能跑路了。
而“线上+线下”的P2P公司，虽然把部分手续转到线上，但做的还是高利贷中介的事。而纯线上的P2P公司，因为国内没有很好的信用体系，完全依靠用户的大数据做信用支撑，所以借贷金额相对小许多，这样的风险也小。对于出借人来说，放贷的盈亏也改变不了本身的生活，所以只要比银行存款利率高，比“宝宝”类产品利率高，这个游戏也就玩得下去。
其实，除了监管方面，国内的P2P公司本身就不够成熟。首先，有不少做互联网的人在做P2P，一个不懂金融的团队做非常专业的金融服务，在不知道如何控制风险的前提下，肯定无法做好一家金融服务公司。其次，一些投机者不断进入P2P行业，这些投机者出发点是通过P2P来获取高额利息差，根本没想到会演变成无法兑现承诺利息回报的局面，最后只能跑路。
在互联网时代，我们还是需要回归企业的本质。对于P2P，其本质就是让资金流动成为价值，而互联网的功能是帮助资金流动。所以P2P的产品价值，本质上就是让投资者获得合理的投资回报价值，让真正的资金需求方获得资金。
中国的P2P公司不应该再玩危险游戏，纸包不住火。