Jingdong Tongying Small Loan has changed its business, and there is only one online small loan company under Jingdong Technology.

Reporter | Feng Saiqi

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Recently, JD Tongying Small Loan Co., Ltd. (hereinafter referred to as JD Tongying Small Loan), a small loan company under JD.com, underwent an industrial and commercial change, and the company name was changed from “Chongqing Jingdong Tongying Small Loan Co., Ltd.” to “Chongqing Jingdong.” Tongying Business Information Consulting Co., Ltd.”.

According to the National Enterprise Credit Information Publicity System, Jingdong Tongying Small Loan changed its charter on October 24.

In addition to the name change, the business scope has also been changed from “carrying out various loans, bill discounting, asset transfer, and equity investment with its own funds.” It was changed to “enterprise management consulting; information consulting services (excluding licensing information consulting services)” ; Bill information consulting services; Social and economic consulting services.”

Previously, Jingdong Technology Group had a total of 4 small loan companies, namely Beijing Jinghui Small Loan Co., Ltd., Shanghai Jinghui Small Loan Co., Ltd., Chongqing Jingdong Tongying Small Loan Co., Ltd. and Chongqing Liangjiang New Area Shengji Small Loan Co., Ltd. Amount Loan Co., Ltd. Since the beginning of this year, JD.com has successively cancelled two small loan companies in Beijing and Shanghai, leaving only two in Chongqing.

The erasure of the traces of “loans” means that JD Tongying Microcredit will withdraw from the small loan market and will no longer engage in the small loan business. This also indicates that Jingdong Technology will once again abandon a small loan company and retain only Chongqing Shengji Small Loan to engage in online loan business. In November 2021, Shengji Small Loan underwent an industrial and commercial change, and its registered capital increased from 3 billion yuan to 5 billion yuan.

However, on October 10, in the list of Chongqing small loan companies announced by the Chongqing Local Financial Supervision and Administration Bureau, Jingdong Tongying Small Loan was still on the list.

Jingdong Tongying Small Loan was established in September 2017. The legal representative is Ma Ganli, the registered capital is 1.7 billion yuan, and the shareholder is Tianjin Oriental Qiming Technology Development Co., Ltd. Through equity penetration, it was found that Jingdong Technology is the actual controller of the company. According to public information, Shengji Microcredit and JD.com Tongying Microcredit play the role of lenders or loan service agencies behind white bar and gold bar products.

In addition to JD.com, other big Internet companies have also integrated their small loan companies.

It is worth noting that when most Internet companies integrate small loan companies, they prefer to retain small loan companies located in Chongqing and increase their capital.

According to the list of small loan companies in Chongqing published by the Chongqing Local Financial Supervision and Administration Bureau, there are many small loan companies under the umbrella of Internet giants.

As of September 30 this year, Ant Shangcheng Small Loan Company, Ant Small and Micro Loan Company under Ant Group, Haier Small Loan Company under Haier, Xiaomi Small Loan Company under Xiaomi, Chongqing Du Xiaoman Small Loan under Baidu Finance The company, Meituan Sankuai Small Loan under Meituan, and Chongqing Ctrip Small Loan Company under Ctrip are all listed.

At the end of 2020, the China Banking and Insurance Regulatory Commission issued the “Interim Measures for the Administration of Online Micro-loan Business (Draft for Comment)”, which greatly increased the entry threshold for online micro-loan companies. For example, the registered capital, the new method requires that the registered capital of online small loans operating within the province is 1 billion yuan, and if it is an online small loan operating across provincial administrative regions, it requires 5 billion yuan, and all of them are paid in cash at one time. .

Up to now, 12 online micro-loan companies have registered capital of 5 billion yuan, of which Chongqing Ant Small and Micro Loan has the highest registered capital, reaching 12 billion yuan.

In addition, 360 Digits, Du Xiaoman, ByteDance, Tencent, Ctrip, etc. have completed capital increase in their online small loan companies this year. In January 2022, the registered capital of 360 Small Loans will increase from 1 billion yuan to 5 billion yuan. In February, the registered capital of Du Xiaoman’s small loans increased from 7 billion yuan to 7.4 billion yuan. In April, ByteDance’s Zhongrong Small Loan increased its capital to 9 billion yuan. In June, Tencent’s Tenpay micro-loan increased from 5 billion yuan to 10 billion yuan.

At present, according to the information of the China Banking and Insurance Regulatory Commission, in response to the problems existing in some small loan companies in the online small loan business, local financial supervision departments are organized to carry out special rectification and clean-up and regulation, and completely stop the establishment of new online small loan practitioners.