Visit to Yonglibao Financial
參觀永利寶金融
参观永利宝金融
永利宝金融への会社見学

Oct 27, 2016

 
 
 
 
On October 27, 2016, our ABS 5th cohort members had the opportunity to join a company visit in Shanghai to an internet finance company named Yonglibao (永利宝金融). It is specialized in issuing small or medium amount of loans to individuals through an online platform. We had the honor to visit the offices and understood more about this new market in China.

A manager of Yonglibao gave us a presentation regarding its business model and China’s P2P (person to person) internet finance market. Currently there are more and more companies entering the business as it starts getting popular in recent years. Such businesses do not require a lot of employees as everything is done online and the risks can be calculated via computer automatically. On average each employee may have had more than millions of RMB gone through their hands.

It was a very educational trip which allowed us to have a brief idea on how the booming internet-related businesses in China are making huge profits.

By Student Editor – Phillip Lin, Cohort 5 (Class of 2017)

# Exchange in Shanghai – Cohort 5
On October 27, 2016, our ABS 5th cohort members had the opportunity to join a company visit in Shanghai to an internet finance company named Yonglibao (永利宝金融). It is specialized in issuing small or medium amount of loans to individuals through an online platform. We had the honor to visit the offices and understood more about this new market in China.

A manager of Yonglibao gave us a presentation regarding its business model and China’s P2P (person to person) internet finance market. Currently there are more and more companies entering the business as it starts getting popular in recent years. Such businesses do not require a lot of employees as everything is done online and the risks can be calculated via computer automatically. On average each employee may have had more than millions of RMB gone through their hands.

It was a very educational trip which allowed us to have a brief idea on how the booming internet-related businesses in China are making huge profits.

By Student Editor – Phillip Lin, Cohort 5 (Class of 2017)

# Exchange in Shanghai – Cohort 5
On October 27, 2016, our ABS 5th cohort members had the opportunity to join a company visit in Shanghai to an internet finance company named Yonglibao (永利宝金融). It is specialized in issuing small or medium amount of loans to individuals through an online platform. We had the honor to visit the offices and understood more about this new market in China.

A manager of Yonglibao gave us a presentation regarding its business model and China’s P2P (person to person) internet finance market. Currently there are more and more companies entering the business as it starts getting popular in recent years. Such businesses do not require a lot of employees as everything is done online and the risks can be calculated via computer automatically. On average each employee may have had more than millions of RMB gone through their hands.

It was a very educational trip which allowed us to have a brief idea on how the booming internet-related businesses in China are making huge profits.

By Student Editor – Phillip Lin, Cohort 5 (Class of 2017)

# Exchange in Shanghai – Cohort 5
On October 27, 2016, our ABS 5th cohort members had the opportunity to join a company visit in Shanghai to an internet finance company named Yonglibao (永利宝金融). It is specialized in issuing small or medium amount of loans to individuals through an online platform. We had the honor to visit the offices and understood more about this new market in China.

A manager of Yonglibao gave us a presentation regarding its business model and China’s P2P (person to person) internet finance market. Currently there are more and more companies entering the business as it starts getting popular in recent years. Such businesses do not require a lot of employees as everything is done online and the risks can be calculated via computer automatically. On average each employee may have had more than millions of RMB gone through their hands.

It was a very educational trip which allowed us to have a brief idea on how the booming internet-related businesses in China are making huge profits.

By Student Editor – Phillip Lin, Cohort 5 (Class of 2017)

# Exchange in Shanghai – Cohort 5