[Summary] Wanglibao was filed for investigation on May 16, 2019.
Introduction to Wanglibao
Wanglibao is affiliated with Wangli Finance and was officially launched in September 2014. It is an innovative online lending information intermediary platform. In February 2014, Wanglibao received a $10 million Series A investment from IDG Capital, a world-renowned venture capital firm. On May 5, 2015, Wanglibao secured a $40 million Series B investment from Hongli Zhihui (formerly Hongli Optoelectronics), an A-share listed company.
With rich experience in the financial industry and robust internet advantages, Wanglibao has established a "industrial bank" business model within the industry, strategically cooperating with leading financial institutions and industrial enterprises to delve into segmented industrial fields. It embeds financial modules into the existing products and services of partner institutions, forming a streamlined business chain covering borrower recommendation, collateral pricing, custody, and disposal, thereby gaining "pricing power" over loans and reducing pre-loan review risks. Moreover, in the event of malicious borrower default, the swift disposal of collateral can redeem investors' funds, effectively mitigating post-loan risks.
The management team of Wanglibao possesses years of management experience in both the internet and finance sectors. The internet team members mainly come from Baidu, a globally renowned Chinese search engine; Alibaba, a network company; and Qihoo 360, a leading security software and internet services provider in China. The finance team members have held important positions at renowned companies such as Morgan Stanley, Merrill Lynch, and Goldman Sachs; Fortress Investment Group, one of the world's top 20 hedge funds; Vertex Ventures, a venture capital arm under Temasek; China Asset Management; Walmart China; and CICC. They have brought their deep understanding and extensive experience in finance and the internet to Wanglibao, making it a financial services platform with strong financial attributes and internet genes.
As of November 2016, Wanglibao has served over 2 million users. In the future, guided by national policies, Wanglibao will continue to strive to meet the diversified financial needs of users.
● Our Team: Core team members hail from top-tier international investment banks such as Goldman Sachs, Morgan Stanley, and Merrill Lynch, as well as internet leaders like Microsoft, Tencent, Baidu, and Facebook.
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