"Single brush" is intended for "fund pool" Jingdong financial response: purely made up

[Global Network Technology reporter Wang Nan] Yesterday, some media reported that Jingdong had raised a number of celebrity projects for a large number of brush orders, including the “Power Egg” small dome drone which refreshed the domestic crowdfunding record. In addition, the media also questioned that Jingdong crowdfunding aims to form a "fund pool." In the announcement of the material, a single-branch institution called "Jingdong Crowdfunding Service Provider" took up the main space. The article said that in the Jingdong crowdfunding "PowerEgg small dome" project, this single brush service provider for the project to provide a single amount of up to 36,000 single. Jingdong crowdfunding official website data show that "PowerEgg Arena" has more than 65,000 supporters. According to this calculation, the "PowerEgg Arena" crowdfunding project accounted for more than 50%. In October 2016, the PowerEgg Arena scored over RMB 100 million in Jingdong crowdfunding and was the first crowdfunded product to reach RMB 100 million. According to public information, the PowerEgg Little Dome UAV was developed by Beijing Judi Robot Co., Ltd., and it was raised in Jingdong in September 2016. In just one month, the raised funds exceeded 100 million yuan, and the crowdfunding amount was 1011%. As early as in October 2016, there was media exposure of the PowerEgg Arena. According to public information, Jingdong crowdfunding has been on-line since November 11, 2014. So far, more than 9,600 on-line projects have been launched, and the cumulative crowdfunding scale has exceeded RMB 5 billion. This means that only the above-mentioned single-bill service provider's brush unit accounted for more than 10% of all projects of Jingdong Crowdfunding. In response, Jingdong Crowdfunds responded to reporters from Global World. They stated that Jingdong Crowdfunding has always adopted a zero-tolerance attitude towards brush-singling behaviors, adopted multiple technical measures and risk control measures to combat brushing orders, and actively promoted the healthy development of the crowdfunding industry. For project sponsors with a single brushing behavior, the platform will take a serious approach including termination of cooperation. For the "1000 project bills" mentioned in the individual media reports, Jingdong Financial has verified this internally and it is absolutely not a matter of fact. In addition, the above-mentioned article said that from 2014 to 2016, a company called “Fast Wheel Technology” had several products that landed in Jingdong Crowdfunding, and the “Jingdong Crowdfunding Service Provider” was also a fast wheel technology. Crowdfunding projects provide brush orders. On March 31, 2015, Fast Wheels Technology successfully launched the Jingdong Equity Crowdfunding Platform, which not only raised crowdfunded products but also raised crowd equity. Jingdong Crowdfunds official data show that Fast Wheels Technology has completed pre-A equity crowdfunding financing of 3.01 million yuan, and successful equity crowdfunding. It is worth mentioning that some media broke out that Jingdong Finance led the fast-wheeling technology Pre-A round of equity crowdfunding, with an investment of 1.06 million yuan. In this regard, Jingdong Finance told the Global Network reporter, "Jingdong Finance trapped in the single company whirlpool" and other content is seriously inconsistent with the facts, there is no "JD East Finance led the fast wheel technology Pre-A round of equity crowdfunding, the amount of investment 106 million yuan." It was verified that during the period when Quick Wheel Technology landed in Jingdong Equity Crowdfunding, it was not Jingdong Finance's lead and the investment amount was inaccurate. “Some large-scale crowdfunding platforms in China are already in a stagnant state.” Recently, Prof. Liao Li, executive dean of the Wudaokou Finance School of Tsinghua University, publicly expressed concern about the development status of China’s crowdfunding platform. Liao Li said that domestic crowdfunding has encountered some bottlenecks in its development and the overall trend has slowed down. However, some insiders pointed out that JD’s preference for crowdfunding is a large number of “fund pools” that are intended to be precipitated. In response, Jingdong Finance responded to the reporter of Global Online: It is because the informed person did not understand the crowdfunding model and misdirected the fundraising amount. As a "fund pool." It is understood that according to the "Jingdong Crowdfunding Platform Initiator Agreement," Jingdong Crowdfund will charge about 3% of the project's raised funds as platform technology service fees; if the project is funded successfully, Jingdong Crowdfunding will deduct 3% of the total amount raised. 70% of the platform service fee was handed over to the sponsor and deducted the remaining 30% as a deposit. When all the supporters were rewarded and there was no complaint dispute, Jingdong handed over the remaining 30% to the sponsor. As of now, Jingdong crowdfunding official data shows that the cumulative amount of Jingdong crowdfunding has exceeded RMB 5.1 billion. In response, the Global Network reporter asked Jingdong Financial to inquire about the payment of the raised funds to the project sponsors in installments. The other party stated that Jingdong’s plan to raise funds in installments in line with the project is in line with industry practice, urging the project sponsors to fulfill their obligations in a timely manner. To protect the legitimate rights and interests of project supporters, there is no such thing as a "fund pool." The Jingdong side expressed its dissatisfaction with the unrealistic report about Jingdong crowdfunding that was launched on a website and sent a lawyer letter to the media. It will immediately pursue it through legal channels and safeguard its legitimate rights and interests. “The country’s financial security is mainly protected from two aspects. One involves a huge number of people, and the other involves a huge amount. If the Jingdong crowdfunding platform has more serious brushing behavior, consumers will face the situation that they cannot be honored. It will induce regional systemic financial risks and large-scale mass incidents," a lawyer told the Global Network reporter. If it is said that the creation of a crowdfunding project has only resulted in the prosperity of the crowdfunding project, then behind the billing, it also reflects that companies can rely on various rules and regulations to evade supervision. Under the background of increasing financing needs and the rapid development of Internet finance, it is forbidden for crowdfunding platforms to “set up a dog to sell dog meat” and establish a “fund pool”. The most important thing.

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