Xiaomi Invests in Asset Securitisation Fintech Company Backed by JD.Com
Smartphone-maker Xiaomi has just invested in a fintech company based in the Guizhou-province capital of Guiyang.
Recent changes to the industrial and commercial registration of Guiyang Gaodeng Shide Fintech Co., Ltd. (贵阳高登世德金融科技有限公司) as of 25 May indicate that Xiaomi-vehicle Tianjin Jinmi Investment Partnership Enterprise (天津金米投资合伙企业) has obtained a 2.44% equity stake.
Guiyang Gaode’s registered capital has also increased by 1.406 million yuan, for a 2.5% rise.
Guiyang Gaode was established in July 2015 and its legal representative is Du Boren (杜伯仁). The company’s business scope encompasses financial data analysis, consulting, financial services, fintech and fintech consulting.
Du Boren is the largest shareholder with a 27.38% equity stake, while JD.com vehicle JDD is the second largest shareholder with a 20.44% stake.
Guiyang Gaode specialises in “full process asset securitisation information system services,” for the management of large-scale and structurally complex securitised products.
The fintech company’s cooperative partners include China Merchants Bank, China Minsheng Bank, Huatai Securities, Xiaomi Finance, Zhong’an Online and JDD.
In January 2016 Guiyang Gaode entered an “asset securitisation contract” with JDD, and has since obtained two strategic investments from the company.