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The 11th Evening Seminar: The influence of Internet on financial development

[2015-04-10]

On 7th Apr., 2015,AMAC successfully organized the 11th Evening Seminar,the Vice president of IDG Capital Partners Li Feng gave the speech about the influence of Internet on financial development, more than 50 people attended the conference.

Mr. Li Feng introduced the IDG investment situation, the IDG business was mainly about foreign capital in the past, while it was connecting with firms with A shares because of the rapid development of the domestic market. And he took finance as an example to introduce investment theory of IDG, which was simple logic: from top to bottom. The top one was simple application, knowledge was in the middle, and the bottom was infrastructure. Simple application included all financial transactions and the simple application was supported by credit, risk and payment, these factors belonged to layer of knowledge, and infrastructure which included data and money supported the risk assessment methods. The change of each layer would affect the next layer, and ultimately it would change infrastructure, which was changing the production mode.

He pointed out the two problems of internet finance: one was e-commerce channel developed very fast; secondly, the Chinese retail industry popularization was not enough. As a consequence, there would be some fresh e-commerce brand and only existing on the internet. For example, P2P occurred in China was because that there was a huge demand of personal unsecured loan while there was no good solution.

Finally, Mr. Li compared the retail industry in China with the retail industry of the United States, he pointed out that the United States fully competitive retail market led to the full development of the infrastructure, so the challenge of e-commerce in the United States was to enhance the effect significantly. The problem in China was the development of the retail industry was not good, consequently the infrastructure was influenced by retail industry. So when we wanted to do something innovative for application, we faced a lot of challenges.

Participants discussed some details with Mr. Li, such as management of products, on-line company and mixed operation.

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