Wanda Internet Finance Company leverages Wanda's offline commercial platform-the largest of ts kind in the world-to form a business division comprising four activities - data application, credit service, online lending and payment, creating an innovative financial O2O model. By 2020, Wanda Internet Finance plans to reach 5,000 shopping malls, 2 million merchants, 700 million consumers, and issue 500 million cards with credit balance of Rmb1 trillion nationwide.
Wanda Internet Finance has the most complete payment business license, comprehensively carrying out payment functions for various mobile, online and offline scenarios.
Wanda's "mobile online payment system" is able to meet multiple requirements of retailers such as cash receipts, marketing and loans.
Wanda's "ffan card" comprises a number of functions including retail privileges, exchange of reward points, credit card and wealth management, comprehensively meeting personal consumption requirements.
Wanda Internet Finance has already secured an online nationwide micro credit license in Shanghai Free-Trade Zone, which may extend loans to Wanda Plaza merchants and consumers across China and can even benefit the whole Wanda commercial ecosystem. No outlets are set up for Wanda's online credit. All loan and repayment procedures are completed online.
The traditional quarterly or monthly repayment is not adopted when Wanda recovers its loans; rather, repayment is based on the customer's daily revenue situation or per tranche of loan.
Wanda Internet Finance has the most complete and biggest number of retailer and consumer data. Leveraging advanced big data mining and analytical technology to scientifically examine and use the massive quantity of business consumption data has led to accurate corporate and individual credit evaluation, creating enormous value for a credit services system with online and offline resources.
Wanda offers a range of credit services products such as credit checks, credit reports, credit evaluation, and credit rating, and is equipped to carry out negative information verification, consumption analysis, activity positioning, regional and industry risk indicator appraisal and other diversified value-added services.
Big data application
Wanda Internet Finance owns massive data in various offline venues such as shopping malls, hotels, cinemas, and tourism destinations, establishing strong risk identification capability and digitized application capability.
Wanda owns China's largest commercial O2O open platform which by 2015, already covers more than 500 shopping malls in China reaching more than 200,000 businesses. In 2015, consumers made more than 4 billion trips to stores.
Wanda has built a corporate cloud data center of the highest standard nationwide in Chengdu to provide support for its own businesses and to provide cloud services to external enterprises and customers.