Why are there so many explosive P2P bosses from Tsinghua University and Peking University?

Renrendai finally became a hit.

This is nothing unusual. For many people, the first reaction is just, "Oh."

But there is something special about this thunder explosion - — The founder is from Peking University.

Behind Renrendai is the founder of Peking University, a century-old prestigious school. The founder team all graduated from Peking University and Tsinghua University.

As someone who graduated from one of the top universities in the country, he is particularly sensitive to making money. We know that P2P has a lot of money to be harvested. After joining in, the scale became extremely large. According to statistics from industry organizations, those P2P platforms where people from Tsinghua University and Peking University serve as executives have a revenue of over 100 million yuan. There are 81 P2P platforms with over 100 million in revenue, and there are 38 senior executives from Tsinghua and Peking University.

A top student is a top student, even when cutting leeks.

But why is it Tsinghua University and Peking University? Why is their P2P business so big?

Obviously, being graduates of Peking University and Tsinghua University can bring a lot of rich and convenient resources to these people, especially financing and obtaining investment from users. If you take a closer look, you will find that those graduates of Peking University and Tsinghua University, from start-up capital to one, two, three and four rounds of financing, the speed and scale of financing are much stronger than others.

In addition, this identity can be easily packaged into various elite leaders, attending various summits and awards occasions, and telling stories full of them. As soon as they heard that this "industry leader" was from Peking University, users quickly dug into their pockets!

I know a doctor from one of the top cancer hospitals in China. He graduated from Peking University. In 2017, at a Peking University alumni gathering, he learned that Peking University alumni had founded a P2P called Mindaitianxia. Then I kept investing money in it. Until the beginning of this year, I invested hundreds of thousands in it. In the end, I invested a total of 700,000 yuan. And he himself didn't know this "alumni" at all. I just feel that as long as you are from Peking University, you are a friend.

However, those who play P2P have never said that they will not cut off their alumni.

P2P platforms have been cleared by regulatory authorities. It is also time to take a good look at the phalanxes of Peking University and Tsinghua University that are coming towards us with sickles.

Top students from Peking University join P2P together

Tang Ning from the Department of Mathematics at Peking University was the first to take advantage of the problem.

After graduating from Peking University, this talented man went to the Southern University of the United States to study economics. After completing his studies, he worked at DLJ Investment Bank on Wall Street, engaged in the listing, bond issuance and mergers and acquisitions of financial, telecommunications, media and high-tech companies. Business can be said to have been through many battles.

With overseas working experience, Tang Ning felt like she had discovered a "new world" upon returning to China. At that time, the domestic personal credit system was not yet mature. Tang Ning founded CreditEase in Beijing, intending to flex his muscles. In his words, this was called "growing crops in saline-alkali land."

The crops grown by Tang Ning are growing well. Yirendai, an online lending platform owned by CreditEase, was successfully listed on the New York Stock Exchange in the United States on December 18, 2015, becoming the first Chinese Internet finance stock to be listed overseas.

The old seniors charged forward, and the juniors and juniors came in droves.

On April 28, 2010, Yang Yifu and Li Xinhe, who graduated from the Department of Financial Mathematics at the School of Mathematics and Applied Mathematics at Peking University, and Zhang Shishi from Tsinghua University came together to establish Renrendai. In just two years, this company led by three top students developed into Renren Youxin Group Company. In 2018, the group was renamed Youxin Financial Services.

Following in the footsteps of alumni, in 2011, Xu Jianwen, who was a graduate student at Peking University School of Economics, heard his friends talk about novel models such as P2P, and also learned about the demand for funds from private lending. With a strong desire, he also joined the business and built a platform with the same name as the alumni, so that everyone could make money.

Peking University immediately ushered in the peak period of crazy influx into the P2P industry.

Li Zhigang and Wu Xianyong founded Touna.com, and Wu Yiran, who had internship experience in a small loan company, opened Yili.com, and later became industry leaders with huge scale.

Not long after, Yuan Chenglong, who was only 27 years old, was planning to build Upward Financial Services. He said that he "used a lot of mathematical principles to model the mechanism on this product, and integrated big data risk control, cloud computing Implement it throughout, further strengthen the logic of the business, achieve accurate prediction of transaction volume, accurate models based on financial mathematics, use different strategies to manage assets, risks, and liquidity, and on this basis, do the most restrictive Diversified financial layout and attempts. ”

By 2014, Peking University alumni Yang Gang, Xue Liang, Liu Jun, and Sun Lei were generally throwing out gold wallets, gathering wealth, and making loans to the world. Wallet/Wukong Financial Management, the concepts and names are more scary than the last.

Gold Wallet announced that it will create an Internet physical gold circulation and interest-earning model, claiming to be the world's first Internet gold interest-earning product.

Jucai Fortune uses its founder Xue Liang as a living sign, saying that it has professional risk control personnel, risk control policies, risk control systems, factoring companies, and Ping An guarantees 100% compensation. Both hardware and software are double insured for buyers."

Mindai Tianxia was born with a halo, and has always focused on the state-owned assets platform. Wukong Wallet simply found the famous star Hu Jun as its spokesperson, using the celebrity’s personal credibility to endorse the company.

No matter how they are packaged, the core products of these platforms are, in the final analysis, P2P. When thunderstorms roll in, these concepts and halo will not give them one more chance than others.

Four years after starting his business, Xue Liang was arrested for illegally raising funds. Ju Wealth, which he founded, gradually collapsed and dominoes fell one by one. In the same year, CreditEase, founded by Tang Ning, also seemed to have a problem, with news of massive layoffs. Some information pointed out that CreditEase held a meeting in the morning and signed up directly in the afternoon, and that one-third of the employees would be laid off by the end of the month.

As the thunderstorm expands, Mindai Tianxia, ??Tounai.com, and Renren Jucai have successively announced healthy exits. Before they had time to withdraw, Yili.com is suspected of being hit by a thunderstorm, and Renrendai has already experienced debt swaps. Due to the problem of channel tightening, the gold wallet is overdue, and the monthly operational report of Upward Financial Services was stopped in June 2020. It has been 5 months since it has released a monthly operational report.

In November of this year, celebrity Hu Jun’s Weibo went down. Countless netizens went to his Weibo and asked Hu Jun to speak out and urge Jiufu Wallet to return the money. This large-scale online lending platform that once ranked among the top is now in turmoil.

Facts have proved that even top students from Peking University cannot give P2P a bright future.

Tsinghua Wudaokou, accused of "stealing pockets"

Compared with Peking University students who stand on their own, Tsinghua students set their own example, and the school personally sets an example for the students. .

Tao Pocket is the product of this concept.

The controlling shareholder of Dao Pocket is Tsinghua University, and the customers it serves are mainly Tsinghua alumni companies, engaged in supply chain finance.

CEO Luo Chuan was once an EMBA student at Tsinghua University. He studied technology before engaging in finance. After graduating from the Civil Engineering Department of Tsinghua University in 1994 with a master's degree, he joined Microsoft. After graduating from civil engineering After jumping into computers, I later switched to Internet finance.

Dao Pocket may be named after Tsinghua University’s PBC School of Finance, but doesn’t “Dao Pocket” also mean “To Pocket”? From the beginning, this name tells you the essence of P2P.

Some victims directly called Dao Pocket "Pocket Robbery", which is another level of verbal criticism.

In the same year that Wudaokou personally started P2P, Zhao Weiping, who had studied at Tsinghua University, also started Silver Lake.

Zhao Weiping also changed his mind and joined P2P halfway. What he initially did was not finance, but fireworks. With the explosives of fireworks, Zhao Weiping turned his Panda Fireworks into a listed company.

But in the second year of Silver Lake, the listed company Panda Fireworks changed its name to Panda Financial Holdings. This year happened to be the year when the stock market took off and fell again. Riding on the east wind of the stock market, Panda Financial Holdings's stock price also climbed steadily.

However, the scenery is as short-lived as fireworks. In October 2019, Yinhu.com was placed on file by the Economic Investigation Detachment of the Dongcheng Branch of the Beijing Municipal Public Security Bureau. At this time, Yinhu.com has been operating for more than 5 years, with a cumulative loan amount of 8.146 billion yuan, more than 10,000 overdue repayments, a cumulative overdue repayment amount of 378 million yuan, and a loan balance of 3.373 billion yuan. In other words, there will still be 3.373 billion yuan to be repaid when the thunder breaks out.

But Zhao Weiping’s P2P platform is not only Yinhu.com, but also a Panda Treasury. When Yinhu.com exploded, the loan balance of Panda Treasury was as high as about 2.2 billion yuan.

Zhao Weiping’s financial dream finally exploded like fireworks.

What exploded together with Zhao Weiping was Lancai.com founded by his alumnus Tao Weijie.

Yes, in the same year that his alma mater entered P2P, he also followed the footsteps of Tsinghua University and started P2P. Three years later, the cumulative transaction size of Lancai.com has exceeded 46.9 billion.

The highlight moment did not last long.

In November 2019, Lancai.com was put on file by the Economic Investigation Bureau of Chaoyang District, Beijing, and its founder and legal representative Tao Weijie was arrested around December 2019.

In the south, Chen Baoguo, who once had a close relationship with Tsinghua University, also founded PPmoney. Chen Baoguo once participated in Tsinghua’s forum as a representative to share how financial technology can achieve inclusive finance.

To achieve this goal, PPmoney made a unique move and cooperated with OFO to direct traffic for it. They will convert the user's deposit into an investment in the platform, which can be withdrawn upon expiration after registration. But in the end, it was dropped because OFO's reputation was too bad.

Whether it is a proud son of heaven or Tsinghua University and Peking University, there is nothing but good things to come and good things to come.

Among the above P2P platforms, some have exploded, some founders are in jail, some platforms are struggling, and some are preparing to retire, but there is no feasible explanation.

These top smart students in China must be very serious when studying, and they are equally serious when making money.

The most terrifying thing is when smart people harvest it seriously.

When smart people all do P2P

Many people have a doubt. Tsinghua University and Peking University recruit the largest number of top scorers and top students in the country every year. Where do these students go? ?

Academician Shi Yigong, the world's top life scientist, said at the third annual meeting of the European and American Alumni Association and Chinese Overseas Students Association on September 16, 2014 that 80% of the top scorers in the college entrance examination at Tsinghua went to He joined the School of Economics and Management, and even many non-economic majors have transferred to this school.

"When all the elites in this country want to move into finance, I think there is a big problem in this country."

At that time, it happened to be the period when Internet finance was starting. , a large number of P2P institutions mentioned above were all established around 2014.

The reasons why these students prefer finance, economics, management and other majors are also obvious: good employment and high wages.

In particular, the smartest elites in these top universities use their knowledge of mathematics, physics and even psychology, and use advanced technologies such as AI and big data to obtain wealth through program trading, etc. Huge profits.

However, what these smart people "get" from the transaction is indeed the money of the weak and weak people who do not have information advantages. This is also a kind of law of the jungle.

What they rely on is only their own information advantage, but they have not made any innovations. What is the difference between this so-called "innovation" that makes no contribution to social progress and gambling?

In the eyes of many people, the top-educated P2P bosses from Tsinghua University and Peking University are bad guys who defrauded them of their money.

When a smart person turns bad, the consequences are not something ordinary people can afford.