The Important Role of Enterprise Innovation in Internet FinanceInternet finance or P2P is developing vigorously by virtue of internet. Nowadays, there are more than two thousand internet financial platforms in operation in China, among which you can see some bizarre platforms which obtain a transaction amount of 20 billion Yuan within just 30 days, and also newcomers who just hit 100 million Yuan transaction amount. The practitioners entering this industry also have a variety of backgrounds, including people from traditional financial sectors such as banks, entrepreneurs from other industries trying to seize the opportunity to solve financing problems in their industries, and technology innovators from internet companies. These people stand out and set up one after another internet financial company, determined to make financial services accessible to every user via internet.
In 2007, the internet company of Facebook, said, there was a need for users to contribute to improving the Internet as a whole. That, in turn, led to the creation of a fund where users can “cash-mine” the results of their efforts in order to support projects worth ten million yuan. The platform was also known as the “Google Pay,” and its funding program also provided some revenue streams to companies such as the Google Group and the International Monetary Fund, as well as users’ incentives for building projects. The fund was launched by the People’s Bank of China, through a web portal website.
The company said that even though it was still working on developing its platform, it had raised some funds in 2007 and 2008, in order to “improve the Internet’s functioning, making it more cost-effective”.
At the same time, a number of companies raised funding to build platforms on the internet, to the point where they were able to contribute a mere 4 billion yuan.
However, as the number of participants in this sector has increased, and there are many more online investment platforms which are used by investors to help solve financing problems in their industry, many companies are trying to add new features in order to become more effective.
Companies looking for some funding are often facing a shortage of funds if they hope to bring in more users. But since the “Google Pay” was already used by other banks, it is also possible that the Chinese blockchain industry is already flourishing.
In 2007, the internet company of Facebook, said, there was a need for users to contribute to improving the Internet as a whole. That, in turn, led to the creation of a fund where users can “cash-mine” the results of their efforts in order to support projects worth ten million yuan. The platform was also known as the “Google Pay,” and its funding program also provided some revenue streams to companies such as the Google Group and the International Monetary Fund, as well as users’ incentives for building projects. The fund was launched by the People’s Bank of China, through a web portal website.
The company said that even though it was still working on developing its platform, it had raised some funds in 2007 and 2008, in order to “improve the Internet’s functioning, making it more cost-effective”.
At the same time, a number of companies raised funding to build platforms on the internet, to the point where they were able to contribute a mere 4 billion yuan.
However, as the number of participants in this sector has increased, and there are many more online investment platforms which are used by investors to help solve financing problems in their industry, many companies are trying to add new features in order to become more effective.
Companies looking for some funding are often facing a shortage of funds if they hope to bring in more users. But since the “Google Pay” was already used by other banks, it is also possible that the Chinese blockchain industry is already flourishing.
I am now working in an internet financial company established over a year ago. Through this year, I have deeply felt the significant role of enterprise innovation in our company. MBA courses helped me a lot in terms of pushing innovation in business and exploring innovation spots.
In the beginning, by taking our unique advantage in construction sector, our company signed several strategic cooperation agreements with some major enterprises. With these enterprises as our core partners, we dredged the upstream and downstream funds and engaged in supply-chain finance. The asset we employed was electronic commercial acceptance drafts.
Electronic commercial acceptance draft is an upgraded version of the original paper commercial acceptance draft. Through unified electronic management on the platform, every endorsement can be traced and every draft is sole in system; breach records are shared directly with credit reporting system of banks, which greatly improves the security of electronic commercial acceptance drafts and avoids financial risks such as fake drafts and multiple financing with only one draft, and increases the financial risk where invoicing party does not cash the draft.
We get commercial acceptance drafts from downstream enterprises and utilize the reputation of upstream enterprises to raise