On July 2, Ni Huiping, general manager of Vipshop Microfinance Company, said in an interview with the media that Vipshop had passed the approval of Guangdong Provincial Financial Office and obtained the license of Microfinance Company. It is expected that the small loan business will be officially started in the middle of this month.

It is understood that after small loan companies from Baidu and JD.COM settled in Shanghai, Vipshop has been laying out Internet finance business. In fact, as early as May this year, when the financial report was released, Yang, CFO of Vipshop, once said, "The establishment of a microfinance company by Vipshop has been approved by the local financial department in Shanghai, and it is expected to be formally established in one or two months."

According to media reports, since June last year 165438+ 10, Vipshop has started to provide accounts receivable-based financing for more than 100 suppliers on the platform through its factoring company, with a cumulative investment of more than 300 million.

Ni Huiping introduced that the design concept of Vipshop microfinance mainly relies on the e-commerce platform of the parent company Vipshop to provide financing services for suppliers and members in the supply chain.

There are two design directions for supplier loans. One is the small loan of Pratt & Whitney within 6,543,800 yuan, with high repayment frequency, including the contract, which is completely completed online; In addition, there is a mortgage loan of 3 million to 5 million yuan for high-quality customers, such as inventory mortgage, which is basically the same as the operation mode of banks.

In addition, Vipshop is applying for a third-party payment platform similar to Alipay, hoping to issue consumer loans by rating personal consumer credit, such as buying cars and luxury goods in installments.