The real reason why Jack Ma Huabeijiebei closed down

Reason for closure; reason 1. Regarding early repayment, some netizens said that they have always repaid their loans on time and even had their early repayments closed. Because the amount of Huabei Borrowing is limited, if you often repay in advance and the system feels that you don’t need the money, it will allocate resources to other people in need, which will cause closure. Reason 2. Over-borrowing. Everyone has their own red line for borrowing. If you borrow a large amount and then go to other places for multiple loans, your credit will show over-borrowing. In order to control risks, Alipay does not This situation will be allowed to exist, so it will be reduced or closed when the sesame points are updated in the second month. Reason 3. Cashing out Huabei. Some people see Huabei cashing out slogans posted on the side of the road and think they are getting a bargain. They want to cash out Huabei and save a month’s interest. After paying others, they can ask others to transfer. Give it to yourself, thinking that you are unaware of it, but little do you know that the system has already targeted you, and will close your Huabei and Jiebei once it discovers that you have cashed out. Reason 4. People will not pay it back for ten thousand years. When someone borrows money, they beg for it, but when they pay it back, they claim that they have the ability to borrow money. Why should they pay it back? This kind of situation is really speechless. Jack Ma kindly lent us money and he said this. , so as long as it is overdue for a few days, Sesame points will plummet. If it is overdue for a long time, the use permission will be permanently closed.

; 1. The full name of Huabei is Ant Huabei, which is a consumer credit product launched by Ant Financial. After applying for activation, you will receive a consumption limit ranging from 500-50,000 yuan. When users are consuming, they can prepay Ant Huabei's credit and enjoy the shopping experience of "spend first, pay later".

2. On August 4, 2016, Ant Huabei’s consumer credit asset-backed securities project was listed on the Shanghai Stock Exchange. This was also the first Internet consumer finance ABS on the Shanghai Stock Exchange. As of January 2018, Ant Financial has taken the initiative to invest 8.2 billion yuan in two small loan companies, raising the registered capital from 3.8 billion yuan to 12 billion yuan. On May 18, Huabei announced that it would open to banks and other financial institutions. It was reported on September 22, 2021 that Huabei has been connected to the central bank’s credit reporting system. If users refuse to access, they will not be able to use it.

As soon as Ant Huabei was launched online, it was highly sought after by online shoppers. Statistics show that 33% of Huabei’s users are born in the 1990s, 48.5% are born in the 1980s, and 14.3% are born in the 1970s. It can be seen that compared to other payment methods, Ant Huabei has attracted more new generation consumer groups.

3. For young users, the attraction of Ant Huabei is that they can make purchases with credit limit, and the interest-free period can be up to 41 days. Among Ant Huabei users, trendy girls and foodies have become the main force. Data shows that among the products purchased using Ant Huabei, fashionable women’s products such as women’s clothing, accessories, beauty and skin care, women’s bags, and women’s shoes account for more than 20%; food products such as snacks, specialties, and beverages rank 10th. Two; followed by digital products, maternal and infant products, etc.