LZMH and Changyin 58 Consumer Finance Sign a Strategic Cooperation Framework Agreement
On March 8, 2017, "LZMH" and Hunan Changyin 58 Consumer Finance Co., Ltd. (referred to as Changyin 58 Consumer Finance) officially joined hands and signed a strategic cooperation framework agreement.
Changyin 58 Consumer Finance is the first consumer finance company in Hunan and the 19th in the country to hold a financial license. It was jointly initiated and established by Bank of Changsha Co., Ltd., Beijing City Wanglin Information Technology Co., Ltd. (the parent company of 58.com, Ganji.com, Zhaopin.com, Anjuke, and 58 Daojia), and Changsha Tongcheng Holding Co., Ltd. Relying on the resource advantages of its shareholders, Changyin 58 Consumer Finance highlights the combination of finance, business, and the Internet. It is positioned to serve small and micro businesses, focus on scenarios, payments, and convenience, and is committed to becoming a consumer finance brand enterprise that is "loved by the people, has distinctive features, and develops steadily and far."
As the business scale of the consumer finance industry gradually expands, consumer finance companies are facing more intense competition. Seizing the golden mile of "community + consumption" is bound to become the main battlefield for enhancing influence. LZMH covers community and apartment residents with its "Internet access control and visitor intercom system + mobile APP", and has unparalleled natural user resources and platform advantages. Based on the marketing model of community scene interaction, LZMH has created a scene interaction community media group, a doorstep e-commerce and convenient community O2O platform, and provides various products and life services around the home life consumption needs of community and apartment residents. LZMH expects to cover 20 million households within 3 years, with an annual market consumption capacity of over one trillion yuan. The market prospect is enormous.
As a new type of financial institution, Changyin 58 Consumer Finance perfectly combines finance, business, and the Internet. By providing consumer credit products with small quotas and low thresholds, it effectively enhances the consumption capacity of the population. The positioning of Changyin 58 Consumer Finance to "serve small and micro businesses, focus on scenarios, and payments" coincides with LZMH's business model of online and offline resources and scene marketing. The strong cooperation between Changyin 58 Consumer Finance and LZMH will further expand the customer base, promote consumption transformation and upgrading, conform to the market development direction, meet the needs of more users, and create a benign and long-term development ecosystem for both parties' business models.
