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The only wholly foreign-owned consumer finance company will change ownership, with JD.com leading the acquisition of 65% of the shares in Home Credit, and foreign trade REITs and BANK OF TIANJIN taking stakes.
① Among the 5 newly introduced Shareholders, the top two Shareholders are both from entities under JD.com, collectively holding 65% of the shares of Jiexin Consumer Finance. ② Individuals close to BANK OF TIANJIN revealed that investing in Jiexin Consumer Finance is due to the large consumer scenarios of JD.com. This move can also enhance the Technology gene of BANK OF TIANJIN.
Bank of Tianjin's Strategic RMB500M Investment in Home Credit
In order to respond to the "intense battle" next year? At the end of the year, many Banks are making intensive adjustments to their Business structure, and the special mechanism for the "five major articles" is gradually being established.
① First, merging the functions of the head office departments clearly indicates a reduction in costs and an increase in efficiency; second, a special department dedicated to the five major articles is being established. ② Retailing Crediting may become one of the focal points for Banks next year. ③ It is expected that the special institutions for the five major articles will be established gradually, as each one matures.
BANK OF TIANJIN (01578) plans to invest 0.5 billion yuan in捷信 consumer finance.
BANK OF TIANJIN (01578) announced that on December 20, 2024, the bank will collaborate with Guangzhou Jingdong Trading Co., Ltd....
Express News | Bank of Tianjin - to Make Capital Contribution of RMB500 Mln to Invest in Home Credit Consumer Finance
The LPR Quote for December has been released! The 1-year and 5-year rates remain unchanged.
More news, continuously updating.
The Five-year Loss for Bank of Tianjin (HKG:1578) Shareholders Likely Driven by Its Shrinking Earnings
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