Aauto Quicker laid out the financial industry and started with the network small loan license.
Guangzhou Local Finance Administration approved Guangzhou Huaduo Network Technology Co., Ltd. to transfer 100% equity of Huanju Microfinance Co., Ltd. (hereinafter referred to as "Huanju Microfinance") to Beijing Yunjie Technology Co., Ltd.
This equity change means that Aauto Quicker has officially obtained the online small loan license, laying the foundation for its development in the financial field.
Huanju Small Loan was established in January 2016, with a registered capital of 1 billion yuan in 2018 and reduced to 500 million yuan in February last year.
At present, Aauto Quicker APP has launched online loan products to divert users to third-party lending institutions, such as foreign currency piggy banks.
As a short video platform, Aauto Quicker has a huge traffic base, and it is expected to carry out consumer loan business in compliance through self-operation, joint loan and loan assistance with the help of online small loan licenses.
In 2023, Aauto Quicker’s total revenue reached 113.47 billion yuan, a year-on-year increase of 20.5%, and its adjusted net profit was 10.3 billion yuan.
Aauto Quicker’s "old iron economy" model, through private domain traffic operation, combines content with e-commerce, and helps the e-commerce business to flourish.
According to the financial report, in the fourth quarter of 2023, the GMV of e-commerce business in Aauto Quicker increased by 29.3% year-on-year to 403.9 billion yuan, and the average monthly paying users of e-commerce reached a new high, exceeding 130 million.
Aauto Quicker has performed well in the conversion rate of financial advertisements, which is 19 times that of general users.
Aauto Quicker actively recruits talents in financial related fields to provide support for its financial business development.
Although Aauto Quicker has potential in the financial field, it may face challenges in risk control and asset quality management.
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