On September 20, NCF Group launched its “Connecting People and Finance with Technology” 4.0 development strategy, thus revealing its plan to wholeheartedly create a technology-driven financial ecosystem. Meanwhile, the original firstp2p.com will be upgraded into an open Internet information platform and trading center targeting C-terminal users. Building upon the existing online loan investment and financing business, the platform will be upgraded into a comprehensive financial asset trading platform integrating payment, securities, fund, fund sales, insurance sales, small loan on Internet and financial asset trading center with diversified license support.
Sheng Jia, CEO of NCF Group, said that this development strategy was established based on NCF’s years of business development needs, and such a strategic layout was determined by integrating various business and combining international FinTech development trends in the context of expanding business scope and scale.
“Finance + Internet + lifestyle” once best represented NCF Group’s business model. Under this model, NCF’s customers increased from 2 million in 2015 to over 10 million nowadays, and trading volume from RMB 20 billion Yuan to over 150 billion Yuan today.
“On a global scale, big data, block chain and other new technologies are continually emerging. Changes to the international and domestic investment environments have urged us to make corresponding adjustments, and to make arrangements according to the situations in combination with our prediction and judgment of future tendency.” Remarked Sheng Jia.
According to information, under NCF’s 4.0 Strategy, NCF Group’s ecosystem is divided into three subsystems, i.e., asset management, trading platform and wealth management. Asset management includes financial business with licenses such as asset management company, fund and securities. Trading platform refers to its affiliates, such as firstp2p.com and 9888.cn. Wealth management service is provided to customers by means of small loan on Internet and insurance. Payment and data constitute engine power driving circulating flow of these three subsystems.
It is also worth noting that 101 million Chinese Internet users have purchased Internet wealth management products, a number increasing by 11.13 million compared with that at the end of 2015. Upon years of rapid development, the Internet wealth management market features increasing wealth management products and continually improved user experience. Accordingly, Internet users have preliminarily developed the habit of managing wealth online.
Firstp2p.com, a wealth management platform of NCF Group, has always boasted industry-leading registered users and trading volume. Being optimistic about the Chinese Internet user market and online wealth management market, NCF Group made upgrading firstp2p.com into a “comprehensive financial assets trading platform” a significant part of its 4.0 Strategy. NCF Group disclosed that favored by multiple investment institutions, firstp2p.com had fulfilled three rounds of financing, i.e. A-round at the USD 10 million level in October 2014, B-round at the USD 41 million level in July 2015, and C-round at the USD 70 million level in August 2016.
Block chain is also one of the technologies in which NCF has made constant efforts to make breakthroughs. NCF set up a Block Chain Lab at the beginning of 2016, with a professional R&D team dedicated to industrialized practices of block chain technologies. Sheng Jia revealed that the end of September would witness the launch of NCF’s Depository Clearing System developed based on block chain technologies, and it was predicted that by the end of this year, NCF would have over ten core basic patents relating to block chain.
Meanwhile, NCF is also trying to transform research into a production system for fusion with various NCF business, e.g. third-party payment, online lending depository, crowdfunding, intelligent investment adviser, mutual insurance, e-contract and supply chain finance, all of which are endeavoring to advance industrial solutions based on block chain technologies.
NCF Group CEO Sheng Jia indicated during the live broadcast of The Belt and Road Forum for International Cooperation on people.cn.2017-06-16
CEO Sheng Jia： China will lead global digital technology in innovation and development.”2017-12-05
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