Jingdong financial valuations of 50 billion yuan, nearing completion of privatization-Jingdong financial, Jingdong, privatization-IT information
After 3.5 months, Beijing Jingdong financial group split will complete privatization transactions in the near future, valued at 50 billion yuan. On February 26, the more close to the deal told CBN reporter confirmed the news.
Jingdong, established in October 2013 financial in January 2016, the total scale of 6.65 billion yuan in financing, a round of financing valued at 46.65 billion yuan from Sequoia Capital China Fund, harvest investments and Chinese peace lead investor.
Last round of valuations has reached 60 billion dollars compared to Ant-gold suits, $18.5 billion in Lu Jin, Jingdong financial "prices" low profile a lot. It is understood that the increase in this round of privatization valuations than a round little, mainly introducing new domestic investors buy shares of architecture.
Jingdong financial privatization a step interpreted by many industry insiders: Jing dong financial return to pave the way for listing. According to one person close to the deal said, according to the plan, Beijing East before the financial market will be at least one round of financing; A share is listed first.
One financial management told business journalists in Jingdong, privatization of the goal is clear, Jingdong financial hopes not to lose control of the case, introduced Chinese shareholders, particularly the Chinese capital, is intended to get more policy support and facilitate, ease of business development in the short term, long term is also listed for consideration.
At present, Jingdong finance including: supply chain finance (Beijing, Beijing baby small loans), consumer finance (Jingdong ious), wealth management (accounts, small white management, owner wealth), rural financial services, payments, raise, insurance, securities (large consumer price index and quantitative data platform, ABS, Jingdong stocks APP), such as the eight business segments.
Jingdong financial insiders, in 2016, Jingdong compound annual growth rate of total financial transactions and revenues more than 100%, but still in a State of continued losses. The goal is around 2017, and is listed in three or four years later.
Step by step work of "independent" path
In early 2015, to East of Beijing financial publication "white +" strategy as the symbol, Jingdong financial starts from the operational level "out of the East." It hopes to expand and extend through a business, emerging from the reliance on Beijing East group, and then to become a company that is more independent from business to brand.
The end of 2015, Jingdong financial to reposition himself as a financial technology company, established to do an open eco-system, from the strategic level "out of the East." According to this plan, the future is in technology, products, users, funds, assets and other aspects of the output will become an important link in the East financial scene.
On November 15, 2016, Jingdong announced in the third quarter, "Jing dong Group Board of Directors approved and authorized the company to seek restructuring operations East Beijing Jingdong Internet financial business finance. "Jing dong all East financial group will sell its holdings of shares, Jingdong financial have finally taken the" out of the East, "a key step.
Jingdong financial wants to do a group of unattached to the East, have their own flow and underlying technology of the company. But, in fact, from its operations, revenue, even looking at the brand, Jingdong financial but did not really get rid of Jingdong groups rely on.
Worth noting is that although Jingdong financial has been trying to become more independent in recent years, but according to those close to the deal said the size of its business and revenue accounted for the top four businesses: pay, wealth management, consumer finance, supply chain finance is still highly dependent on the Kyoto system. Revenue accounts for more than the highest paid sectors, mainly due to the store's transaction fees.
Jingdong financial has never disclosed their earnings, the latest data from the Group last year in East Beijing three quarterly reports, as of September 30, 2016, Jingdong finance consumer loans, commercial loans and loan balance of the supply chain was 19.7 billion yuan and 500 million Yuan and 10.1 billion yuan. Third quarter of 2016, finance, O2O Jingdong, technology research and development and overseas business nonGAAP total losses of about 300 million Yuan.
The results also showed that third quarter of 2016 years ago, Jingdong financial loans and net cash outflow from investing activities of 25 billion yuan, net cash inflow from financing activities of 30.2 billion yuan. In the third quarter, loans (including jingbaobei, Beijing, small loans, ious) net cash outflows 176.99 million Yuan.
An East Beijing financial insiders, by the end of 2016, Jingdong financial losses, the goal is around 2017. Now in eight business segments, in addition to outside the first line of supply chain finance, and several other business is a lot of pressure.
Personnel changes behind the pattern change
Compared to many companies, founded three years ago, Jingdong financial executive turnover rate is not high. But last year, its interior there are a number of personnel changes, post adjustment, and that story also reflects the changes in their operational and strategic design.
In addition to CEO Chen Shengqiang and in charge of the supply chain finance Vice President Wang Jingdong financial executives in charge of contents in recent years have been adjusted. First Vice President, in charge of the strategy Liu Changhong progressed to in charge of the Fund business, previously in charge of foreign investment, Government Affairs Vice President Ji Ma took over Kim responsibility for strategic work.
Huffy Vice President Kim joined Kyoto in early 2014 finance, Jingdong coincides with the financial power to raise business, the former Banking Analyst with Orient securities started raising sections. In July, East Beijing raised financial online products, launched in March 2015 equity raise.
For a long time, all the chip business, supply chain finance, consumer finance, wealth management and called Beijing East financial momentum most of the business. According to research data released zero one financial, in 2015, Jingdong financial products raise, share all the chip size are among the industry first.
But as regulatory policies to raise the field gradually tightened, raising industry in 2016 facing depressed situation. Although by the end of 2016, Jingdong product raised total funding still has more than 3.6 billion yuan. But internally, raised plates have momentum faded. Kim raised as early as last year had been transferred out of the line to being in charge of wealth management.
The past year, and all the chips decline instead of Beijing Eastern finance and securities stocks rise.
In May 2015 pilot securities business after the failure of Jingdong finance former Vice President in charge of strategic Yao Naisheng go to security lines, is responsible for the development of new products. Dr who graduated from Yale University's employment at McKinsey, IBM and high water jar capital.
Then in 2016, Jingdong finance six months intensive online data index, quantitative platforms, cloud, Jingdong stock APP in four ABS securities products.
In addition, the last important personnel change is to build the Beijing-East consumer financial system, known as the East white "Godfather" Xu Ling, Deputy Chief of he Xie Jinsheng, head of financial and technology sectors received payment. The "Reds" Eastern financial transfer is also considered Beijing a signal to force payment.
In fact, Jingdong's financial meeting held earlier in the year, has announced its CEO Chen Shengqiang Jingdong financial 2017 six strategic, large payments as a strategic focus for the first time is mentioned. Five strategies for, risk, scenario development, technical input, financial technology output and rural finance.
Short licence plate or affect the listing of
In addition to expanding their line of business, but last year, Beijing East Finance through strategic investments in rapidly expanding its territory.
Only 2016 year Jingdong financial investment the United States staging brand finance, blue-collar buy Dan Xia, rental staging, staging platform peanut better Auto Finance platform cars, real mortgage platform scouring pawn shops and so on. Previously, the original campus stage platform stage, which is now the music group, have access to East of Beijing financial strategic investment.
In addition, trying to finance technology companies in transition, output technology of Jingdong financial in the last couple of years has strengthened the technical field inputs. Zest of large data analysis including a stake in the American company Finance and set up a joint venture company in China, China consumer credit data system, and so on.
However, this looks great, fast run in the IPO road "Giants", compared with other competitors, shorter boards are also very clear.
With the financial regulation of the Internet increasingly promote, get financial licences and corresponding qualification to business compliance became the financial giants of the Internet is the most critical step. As the East Beijing financial completion of the privatization, market approaches, gets a licence has become most important task at the moment.
Group CEO Liu Jingdong said at the just-concluded annual meeting of the group in the future, Jingdong financial will not only have the financial products and services, also plans to enter the field of securities, credit, banking, insurance, and through independent applications or in the form of equity investment to obtain the appropriate licence.
At present, Jingdong finance down payments, micro-credit, factoring, sale, insurance brokers, and many qualifications, also shares a gold exchange in Xian, but higher gold content licensing, such as banking, securities, insurance, trusts, funds and "harvest".
(East of Beijing financial business sector)
Contrast with the background of ants gold suit, its first pilot in personal credit bureau--Sesame credit Bank, first private bank--network, also has a share of Cathay Pacific property insurance, and its parent company, Alibaba shares an insurance, as well as the first three mutual insurance companies, xinmeirenshou, and so on.
Another retail giant suning also had and collected, including third-party payment, consumer finance, small loan companies, business factoring, private equity, Fund, Fund sales, insurance sales, credit, prepaid cards, overseas payments, and even private banking licence.
The future, Jingdong to do their IPO Sprint goal still want foothold in the giant battle, how short of a licence plate are all issues that must be considered first.
京东金融估值500亿元，即将完成私有化 - 京东金融,京东,私有化 - IT资讯
时隔3个半月，从京东集团拆分出的京东金融将于近期完成私有化交易，估值500亿元。2月26日，多名接近交易人士向第一财经记者确认了该消息。
成立于2013年10月的京东金融，于2016年1月完成总规模66.5亿元人民币的融资，A轮融资估值466.5亿元，由红杉资本中国基金、嘉实投资和中国太平领投。
相比上一轮估值已达600亿美元的蚂蚁金服、185亿美元的陆金所，京东金融的“价格”低调了许多。据了解，这轮私有化估值较A轮的增幅不大，主要是引入新的国内投资人买老股转架构。
京东金融私有化的这一步被不少业内人士解读为：京东金融为回国上市铺路。据一位接近交易人士透露，根据计划，京东金融在上市之前还将进行至少一轮融资;A股是其上市首选。
一位京东金融管理层人士告诉第一财经记者，这次私有化的目标很明确，京东金融希望在不失去控制权的情况下，引入一些中资股东，尤其一些国字头资本，意在获取更多的政策支持和便利，短期内便于发展业务，长期来看也是为上市考虑。
目前，京东金融包括：供应链金融(京宝贝、京小贷)、消费金融(京东白条)、财富管理(小金库、小白理财、东家财富等)、农村金融、支付、众筹、保险、证券(大数据消费指数、量化平台、ABS云、京东股票APP)等八大业务板块。
据京东金融内部人士透露，2016年，京东金融交易总额和营业收入的复合增长率超过100%，但仍处于继续亏损的状态。其目标是在2017年扭亏为盈，并在三、四年后上市。
步步维艰的“独立”之路
2015年初，以京东金融发布“白条+”战略为标志，京东金融从业务层面开始“走出京东”。它希望通过业务的向外拓展和延伸，逐步脱离对京东集团的倚赖，进而成为一家从业务到品牌都更为独立的公司。
2015年底，京东金融重新定位自己为一家金融科技公司，确立了要做开放生态的系统构想，从战略层面“走出京东”。按照这个规划，未来在技术、产品、用户、资金、资产等方面的能力输出将成为京东金融版图中的重要一环。
2016年11月15日，京东在第三季度财报中宣布，“京东集团董事会已批准并授权公司寻求重组负责运营京东互联网金融业务的京东金融。”京东集团将出让其持有的所有京东金融的股份，京东金融终于迈出了“走出京东”的关键一步。
京东金融希望做一个不依附于京东集团，拥有自己流量和底层技术优势的公司。但事实上，从目前其业务、营收，甚至品牌上来看，京东金融却并未真正摆脱对京东集团的倚赖。
值得注意的是，尽管近几年京东金融一直在尝试变得更独立，但据上述接近交易人士透露，其业务规模和营收占比最高的四项业务：支付、财富管理、消费金融、供应链金融仍高度依赖于京东体系。尤其营收占比最高的支付板块，主要得益于京东商城的交易手续费。
京东金融从未披露过自己的盈利情况，最新的数据来自于京东集团去年三季报，截至2016年9月30日，京东金融消费贷款、商业贷款和供应链贷款余额分别为197亿元，5亿元和101亿元。2016年三季度，京东金融、O2O、技术研发及海外业务的nonGAAP亏损合计约3亿元。
这份财报还显示，2016年前三季度，京东金融贷款发放及投资活动净现金流出250亿元，融资活动净现金流入302亿元。其中，第三季度贷款投放(包括京保贝、京小贷、白条)净现金流出1.7699亿元。
某京东金融内部人士透露，截至2016年末，京东金融仍在亏损，其目标是在2017年扭亏为盈。而目前的八大业务板块中，除了最早上线的供应链金融外，其他几块业务的业绩压力都非常大。
人事调整背后的格局之变
相比很多公司，成立三年的京东金融，高管流失率并不算高。但去年开始，其内部出现了多次人事变动、岗位调整，而这背后亦折射出了其业务和战略格局的转变。
除了CEO陈生强和分管供应链金融的副总裁王琳，京东金融其他几位高管的分管内容都在近年内有过调整。最早分管战略的副总裁刘长宏后来转为分管资金业务，此前负责对外投资、政府事务等工作的副总裁马骥接管金麟负责战略部分的工作。
而刚刚辞职的副总裁金麟于2014年初加盟京东金融，恰逢京东金融发力众筹业务，这位东方证券的前银行业分析师开始组建众筹板块。同年7月，京东金融上线产品众筹、2015年3月上线股权众筹。
很长一段时间，众筹业务都跟供应链金融、消费金融、财富管理并称为京东金融势头最猛的四大业务。据零壹财经发布的研究数据，2015年，京东金融的产品众筹、股权众筹规模都位列行业第一。
但随着监管政策对众筹领域的逐步收紧，众筹行业在2016年面临消沉的颓势。尽管截至2016年末，京东产品众筹总筹资额仍有逾36亿元。但在内部，众筹板块已经声势渐弱。而金麟早在去年就已调离众筹条线改为分管财富管理。
过去一年，与众筹衰落相反的是京东金融证券板块的崛起。
在2015年5月小试证券业务失败后，京东金融原分管战略的副总裁姚乃胜转到证券条线，负责新产品的开发。这位毕业于耶鲁大学的博士曾就业于麦肯锡、IBM和高瓴资本。
而后的2016年，京东金融在半年之内密集上线了大数据消费指数、量化平台、ABS云、京东股票APP四个证券产品。
此外，最近一次重要的人事变动便是一手搭建了京东消费金融体系、被称为京东白条“教父”的副总裁许凌，他从金融科技事业部负责人谢锦生手中接过了支付业务。这位“红人”的转岗也被视为京东金融要发力支付业务的一个信号。
事实上，在年初举行的京东金融年会上，其CEO陈生强宣布了京东金融2017年六大战略，大支付首次作为战略重点被提及。另外五个战略分别为，风控、场景拓展、技术投入、金融科技输出和农村金融。
牌照短板或影响上市之路
除了不断扩张自己的业务条线外，最近一年多，京东金融还通过战略投资快速扩大自己的版图。
仅2016年一年，京东金融就投资了美利金融、蓝领分期品牌买单侠、租房分期平台会分期、汽车金融平台花生好车、实物抵押平台淘当铺等。而在此前，原来的校园分期平台分期乐，也就是如今的乐信集团，也曾获得京东金融的战略投资。
此外，试图转型金融科技公司，输出技术的京东金融也在这一两年加大了对技术领域的投入。其中包括入股美国大数据分析公司Zest Finance，并在中国成立合资公司，推出中国消费者信用数据系统等。
不过，这位看起来体量巨大、快速奔跑在IPO路上的“巨人”，与其他竞争对手相比，短板也非常明显。
随着互联网金融监管的日益推进，获取金融牌照和相应资质以令其业务合规化则成为了各家互联网金融巨头最为关键的一步。而随着京东金融私有化的完成，上市的临近，获取牌照亦成为它眼下最重要的任务。
京东集团CEO刘强东就在刚刚结束的集团年会上表示，未来，京东金融不仅会有金融产品和服务，也有计划进入证券、征信、银行、保险领域，并通过自主申请或投资入股的形式获取相应的牌照。
目前，京东金融已拿下支付、小贷、保理、基金销售、保险经纪等多个资质，也在西安入股了一家金交所，但含金量更高的大牌照，如银行、证券、保险、信托、基金等却“颗粒无收”。
（京东金融业务板块）
对比同为电商系背景的蚂蚁金服，其版图中既有首批试点的个人征信机构——芝麻信用、第一批民营银行——网商银行，也有参股的国泰产险，和其母公司阿里巴巴参股的众安保险，以及首批三家相互保险公司——信美人寿等。
另一家零售业巨头苏宁也早已及集齐了包括第三方支付、消费金融、小贷公司、商业保理、基金支付、基金销售、私募基金、保险销售、企业征信、预付卡、海外支付、甚至民营银行等牌照。
未来，无论京东要完成自己的IPO冲刺目标，还是想要在巨头之争中站稳脚跟，如何弥补牌照短板都是必须首先考虑的问题。