The domestic consumer market is recovering strongly, and the "ultra-long golden week" has completely ignited the consumer enthusiasm that has been suppressed for a long time by the epidemic!
According to data released by the Ministry of Commerce, from October 1st to 8th, the sales of key retail and catering companies nationwide were about 1.6 trillion yuan, compared with 1.52 trillion yuan in the "November" last year, both in total and average daily sales. Both have increased. Under the normalization of epidemic prevention and control, various new business formats and new models have led my country's new consumption to accelerate expansion, and online consumption has grown against the trend.
The financial technology companies that focus on technological innovation as their core competitiveness, represented by Samoyed Digital, have increased their focus on artificial intelligence, 5G, cloud computing and other technologies to serve the financial track. In the future, the technological services provided by these financial technology companies will further boost the growth of new consumption.
The picture comes from the Internet
Consumer demand has accelerated, and market sentiment has continued to rise
According to the value-added tax invoice data issued by the State Administration of Taxation on the 9th, this year's National Day and Mid-Autumn Festival holiday, the consumer demand of Chinese residents was released concentratedly, and the domestic consumer market was recovering strongly.
During the 8-day long holiday, the average daily sales revenue of the wholesale and retail industry increased by 14.1% year-on-year. Among them, sporting goods and equipment increased by 114.6% year-on-year, second-hand automobiles increased by 58.7% year-on-year, durable goods consumption such as building materials and decorative materials increased by 45.4% year-on-year, cosmetics and hygiene products increased by 33.6% year-on-year, and furniture consumption increased by 32% year-on-year.
Service consumption such as catering, accommodation and tourism rebounded rapidly. From October 1st to 8th, the average daily sales revenue of catering and accommodation increased by 12.7%; the average daily sales revenue of tourism services recovered to 69.8% of the same period last year, which was 33.9% higher than the "May 1st" holiday period. Especially in the tourism industry, compared with the Dragon Boat Festival holiday, the domestic tourism industry has recovered significantly, and per capita tourism consumption has increased significantly.
The relevant person in charge of the State Administration of Taxation said that the recovery trend of residents' consumption shows the advantages of China's super-large-scale market and the vigorous momentum released by the construction of a new development pattern with domestic and international cycles as the main body and mutual promotion of domestic and international cycles.
At the same time, data shows that this year's consumer demand has shown a new trend.
Under the normalization of epidemic prevention and control, new types of consumption such as online shopping, live delivery of goods, online meal ordering, and customized travel continued to flourish during the Golden Week.
Stimulated by the "home economy", online live broadcast and other platforms have seen strong growth in payment transaction data. According to data from the Netlink platform, the average daily transaction number and transaction value of some live video platforms during the November period increased by 32% and 52% year-on-year respectively. New consumer orders for large-scale online platforms such as escape room, VR games, and Hanfu experience increased by 58% year-on-year. Due to the severe epidemic in the first half of the year, many weddings were postponed to the second half of the year. Therefore, wedding-related consumption also increased significantly.
In fact, in the process of responding to the new crown pneumonia epidemic, various new business formats and new models have led my country's new consumption to accelerate expansion, and online consumption has grown against the trend.
Digitalization of consumer finance helps the domestic cycle
On September 21 this year, the General Office of the State Council issued the "Opinions on Leading the Accelerated Development of New Types of Consumption with New Business Forms and New Models." The Opinions proposes that after 3-5 years of hard work, the institutional mechanisms and policy systems for promoting the development of new consumption will be improved. By 2025, a number of new consumption model cities and leading enterprises will be cultivated, and the online retail sales of physical goods will account for the retail sales of consumer goods. The proportion of the total amount has increased significantly, and new consumption formats and models such as "Internet + services" have been popularized and become mature.
In recent years, the rapid development of financial technology has laid a solid technical foundation for the online, intelligent and digital development of financial services, allowing financial consumers to obtain financial services more conveniently and diversified. At the same time, the epidemic has promoted the rapid development of contactless finance and accelerated the upgrading of financial technology.
Especially in the field of consumer finance, products and services such as smart marketing, scene finance, and smart customer service have been launched quickly, significantly improving service quality and efficiency, and providing more "consumer-friendly" consumer financial services.
Lin Jianming, chairman of Samoyed Digital Technology, publicly stated at the "Tsinghua Wudaokou Global Financial Forum-Guangzhou Summit" that "a new development pattern with domestic and international cycles as the main body and mutual promotion of domestic and international dual cycles" is an inevitable choice under the current economic situation. . The "inner cycle" focuses on six aspects of consumption, manufacturing, technology, investment, service, and finance. Among them, the "inner cycle" of consumption, technology and finance are all related to the development of the financial technology industry. "
He pointed out that the financial technology industry must especially adapt to the new development pattern of "inner loop", seize major opportunities in the new cycle of standardized development, continuously improve its core competitiveness, increase investment in scientific and technological research and development, and serve the bank. The digital transformation of financial institutions, such as consumer finance companies, promotes a virtuous cycle of consumer finance, and builds a new ecosystem of inclusive finance to make due contributions.
As the domestic epidemic prevention and control situation continues to improve, and policies to promote consumption expansion and consumption upgrades are implemented, consumer finance will enter a golden period of rapid development. As a link in a large consumer financial system, financial technology companies represented by Samoyed Digital are facing an important period of opportunity.
Samoyed Digital has completed its brand upgrade, promising prospects
From 2016 to 2020, the Internet finance industry should be the industry that has the most obvious experience of this cyclical force. From "disorderly competition" to "removing the false and keeping the truth" to "returning to the source", the relationship between finance and technology is becoming clearer.
At present, the entire Internet finance industry has begun to return to the essence of technology empowerment. More and more financial technology companies are focusing more on the improvement of their own core technology capabilities, focusing on artificial intelligence, 5G, blockchain and other technologies to serve the financial track.
"The historical mission that science and technology will undertake in the future is to level the technological capabilities of financial institutions to the level of technological development. It is not easy to achieve this goal. Not only must the latest technological capabilities be integrated into the financial business, but also the technology must It matches the financial needs for soundness and meets strong supervision." Lin Jianming once said.
As an AI-driven financial digital technology company, as of the end of September 2020, Samoyed Digital has accumulated 60 million registered users, with a cumulative transaction volume of more than 55 billion yuan, and more than 80 licensed financial institutions in cooperation. At present, it has 22 invention patents, 24 software copyrights, 3 ICP qualifications, and 192 trademark rights.
On September 24, Samoyed Financial Services officially announced its brand upgrade plan, using "Samoyed Digital Technology" as a new brand. Samoyed Digital also announced the "F·I·R·S·T" strategy for the first time, which fully explained the company's development plan and core growth drivers in the fintech 2.0 era. The strategy mainly includes five aspects: "Flow" open integration, "Intelligence" artificial intelligence, "Risk" digital risk control, "System" system ecology, and "Technology" technology driven.
"Open integration" is Samoyed Digital's open intelligent customer acquisition, marketing, operation, and service tool system. By using Samoyed's open traffic management capabilities, it breaks through the first gate of the financial technology era and better integrates technology. Integration of capabilities and financial services.
"Artificial intelligence" is the core engine for the development of Samoyed's digital science business. By enhancing the empowerment value of digital technology to financial business, it releases more financial innovation vitality and unlimited application potential.
"Digital risk control" is the core competitiveness of the safe operation of Samoyed's digital business. Through more stable, flexible, intelligent and comprehensive risk management and control capabilities, it helps more financial institutions to manage their risks and escort the development of financial businesses.
"System ecology" is the carrying platform of Samoyed Digital's risk control capabilities. It uses a number of standardized and customized characteristic systems to continuously build and improve infrastructure, cloud platform construction and services, improve the production capacity and operational efficiency of financial institutions, and realize the financial industry Innovate and develop a new ecology.
"Technology-driven" is the foundation of Samoyed Digital. Since its establishment, it has always regarded science and technology as the most important capital and core driving force for long-term development. It has continued to deepen its independent research and development capabilities, technological innovation capabilities and scientific research talent reserves, and create new financial technology future.
Through this strategy, we can also see the core competitiveness of Samoyed Mathematics. According to the data, Samoyed Digital's investment in science and technology research and development accounts for nearly 10% of the total cost and expenses, and its risk strategy modeling, information technology, Internet operations and other personnel have accounted for 80% of the total employees, all of which have a bachelor degree, and a master's degree or above accounted for approximately 20%. In the future, Samoyed Digital will continue to focus on independent research and development capabilities, technological innovation capabilities and scientific research talent reserves, strengthen the construction of financial technology capabilities, and continuously improve the company's core competitiveness.
Lin Jianming once said, "Whether the things we do are of value to society, to customers, to partners, and to employees, these are the basic starting points for our strategy. We still need to have an end to the problem. Thinking and value thinking should not be too concerned about short-term success or failure and benefits."
In his view, for Samoyed Mathematics, the business strategy has always been "steady development, precipitation of value, and construction of barriers." To be a business needs to create value for society, users, and customers, and what it wants to create is a maximized and sustainable value.