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Group Dynamics

Juhang International: Deducing Finance in the Outlet of Big Data

Release time:2015-02-11 16:19:00

Article  reporter of Shenzhen Special Zone Daily  Wang Jianfeng

Internet finance can be said to be hot now, but how to perform internet finance is another new topic. “We believe that entering internet finance with solid foundation of industry is the optimal way” Zou Yinyi, sponsor of Shenzhen Juhang International Supply Chain Co., Ltd told journalist. Juhang International takes e-commerce and internet of things technology as means, middle and small-sized enterprises with C2C, B2C and B2B2C e-commerce pattern as service object, provides cross-border e-commerce integrated service of information, logistics, customs clearance and finance. Especially the cross-border e-commerce internet finance project has designed exclusive wind control system on the basis of data of traditional business, which has shown strong market vitality. Juhang International also gained acceptance of first Qianhai billboard, and earned award of Best Marketing Innovation Enterprise and Best Management Innovation Enterprise.


When supply chain and internet crash, Juhang International, using big data to arrange finance, started new journey of career in Qianhai with long-sleeved dancing


Zou Yinyi, Sponsor of Shenzhen Juhang International Supply Chain Co., Ltd



Four bottlenecks of 5 million foreign trade bodies



Zou Yinyi said: “it is matter of time for us to perform cross-border e-commerce internet finance”. As originator of the company, he grew up from customs declarer. So to speak, he is familiar with every link of traditional cross-border supply chain. “Many customs ask us to try firstly when they make some institutional innovations”.


He told journalist that the original development idea is to perform one customs after another, make branch offices distributed to every customs so as to realize market share. “We found that it was not feasible later as three to five years of attentive operation was needed for every company to manage well, but it’s not possible for me to have the vigor and ability to manage so many companies”.


He started to look at the market in front of him again.


Currently, the number of the foreign trade main body of our country has reached up to 100, and most of them are small and medium-sized foreign trade enterprises. It is predicted that the number of foreign trade main body with amount to 5 million in future three to five years. Owing to the rise of cross-border e-commerce, foreign trade main body presents the tendency of micro-and-small enterprises basis, multifarious business categories and growing number.


“In recent years, cross-border e-commerce industry develops rapidly, but in the meantime, it displays many bottlenecks in the aspect of customs clearance, logistics, capital, source of goods and so on”. Zou Yinyi analyzed.


1. Customs clearance bottleneck. Lack of large quantity, small amount and multi-batch product category, commodity inspection certificate, customs clearance process that adapt to new business model; policy issues of customs duties and customs clearance are also problems that cross-border e-commerce logistics need to face together, lack of complete and effective schemes of cross-border import and export customs clearance, settlement of exchange and refund of tax.


2. Logistics bottleneck. Cross-border e-commerce logistics has giant market but is still in extensive era, and it has many problems like high price, slow speed, and difficult later follow-up, poor convenience. Besides, the construction of cross-border logistics system is not reasonable, degree of informatization is insufficient, and it is in partly man-made state.


3. Financing bottleneck. Online sellers generally have smaller size, lack fixed assets mortgage and turnover of capital is always short, small, frequent and urgent, but traditional banks are lack of easy access, and the information of enterprises and bank doesn’t match, thus online sellers face real difficulty in the financing process.


4. Supply of goods bottleneck. Currently, cross-border import and export e-commerce is still purchased from retailers at home and abroad by individual or professional team and then sell to customers at home and abroad, which doesn’t get through supply chain and get real supply of goods. There are few companies docking with famous brands at home and abroad in terms of supply of goods, thus it is difficult to form a steady business model. These problems are unable to solve rapidly only by pouring more money. They still need professionals, specialized team and integrating capacity of resource at home and abroad.



Intelligent open platform supported by big data


Juhang Company takes advantage of its superiority and makes a better development by combining development status of the industry. In 2014, Juhang relies on the strong and professional logistics, customs clearance, e-commerce, IT, finance, talents and team, several years of experience of managing international supply chain and superior resources gathered from supply chain at home and abroad, depends on strong internet interaction technology and powerful resource integration capacity of e-commerce comprehensive service platform, carries out global deployment of cross-border e-commerce supply chain, interfere with cross-border supply chain industry strongly, builds cross-border supply chain open platform of integrating a series of functions like information interaction global intelligent route optimization, cooperating distribution of many logistics providers, automatic order supervision, intelligent analysis by big data, integrated finance, integration of high quality of suppliers.


“The open platform aims to solve the four bottlenecks above, help cross-border e-commerce seller integrate logistics distribution service provider around the world, reduce cross-border logistics cost and improve satisfaction of the users in the world; actively use e-commerce big data to provide e-commerce merchants with integrated financial service, solve financing difficulties of small and medium-sized e-commerce merchants; integrate information of team and high quality of suppliers at home and abroad, increase width of product, optimize structure of product, and solve source of supply problems for e-commerce enterprises; pave the way and lower the threshold for enterprises that hope to participate in import cross-border e-commerce”. Zou Yinyi said.


In September 2014, private beta of e-commerce integrated informatization platform of Juhang Company came online successfully.


“We have started to perform informatization early”, Zou Yinyi said. “At that time, data information developed slowly and it was not transparent, so it was easy for this industry (supply chain) to make money”. When we engaged in information data, all the peers said that I was foolish. I like considering method of doing things. Though I invested a lot of money, I had the platform of my own, so I could enjoy low cost and high efficiency when I did the same business later.” He set an example for journalist that when doing business of a large enterprise, the unit cost of others was 70 RMB, but it was only 30 RMB in Juhang.


New e-commerce integrated informatization platform is formed with several years of data accumulation and experience of business model of Juhang, then what extent is the platform able to achieve? “We can work together with both sides of flow of freight seamlessly. “For instance, the goods of a large e-commerce enterprise that they are about to cooperate are planned to be sent to China, they only need the partner to open data interface, all the follow-ups could be finished by platform of Juhang, picking up goods from warehouse of the US, shipping, passing customs of China, and then docking to local receiving platform (i.e. S.F. express, postal service). “What extent is our platform able to dock to? As order numbers of every SKU unit are interconnected, two docking companies reduce time and effort; they surely are willing to cooperate with us”.


In 2015, Juhang Company will make full deployment on international supply chain in the world. It plans to build six processing centers (US, Australia, Europe, Japan, South Korea and Hong Kong), three processing centers in domestic free trade zone (Shenzhen, Chongqing and Wuhan), get through seven customs ports (Shenzhen, Guangzhou, Chengdu, Chongqing, Tianjin, Wuhan and Shanghai). It is predicted that three-model coverage of direct mail, goods collection and bond at the end of year.

The model has strong “aggressiveness”. Our partners save cost and labor, and customers enjoy efficient service at an unchanged price. Juhang only performs copy of system and docking; it is an asset-light and efficient, and able to control market firmly, so it has huge space for development.



Multi-dimensional data cut in cross-border e-commerce internet finance


Cross-border e-commerce internet finance is a new section of Juhang.


“Current ecological situation of cross-border e-commerce brings us new opportunities”, Zou Yinyi said. Presently, cross-border e-commerce is based on small and micro traders many of whom don’t have effective pledge. Besides, the trade process is fragmented. It cost a lot of time and effort in integrating purchase, sale, export declaration, logistics transportation,payment collection of trade, financial financing and so on and it is unable to solve comprehensively. “They have poor bargaining power, high cost of purchase and logistics, and banks and traditional supply chain financial enterprises are unable to provide trade financing for them.”


Juhang spent about half a year and built distinct cross-border e-commerce internet financial system. Integrating fragmented information by means of technology is able to restore the nature of trade, effectively identity prevention and control risk and provide trade financing.


Similar to other internet financial enterprises, risk control is core competitiveness of Juhang. “Our system indentifies risk from the data of four dimensions” which are trading volume, customer number, single transaction amount, previous transaction integrity and so on. Presently, Juhang cross-border e-commerce internet finance mainly aims at main bodies with sales of over 30 million RMB each year, and provides them with financing service of no more than 3 million RMB and no more than six months.


“In 2014, rate of bad account of our cross-border e-commerce internet finance is zero.”


How do we achieve zero rate of bad debt account? Actually, different from other internet finance programs, cross-border e-commerce internet finance obtains data of e-commerce transaction and payment by API interface, and monitors trade distortion in real time by analysis of big data; grasps and verifies logistics situation by logistics declaration; more importantly, they by advancing money for agent purchasing to finish fund embarking. That is to say, the money doesn’t enter account of borrowers. By controlling of the whole course of real right, the risk certainly declines to the lowest level. Through attempt of nearly a year, cross-border e-commerce internet finance will go full blast and strive to realize geometric growth.



(From C02 Edition of Shenzhen Special Zone Daily on February 11th, 2015)


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