What are the travel platforms that can make money?

If you want to borrow money, you need to buy a membership first. Isn't this a disguised beheading benefit?

As early as 2019, Tongcheng Travel was exposed to the issue of suspected beheading of "diamond members". Three years later, Tongcheng Travel once again stood at the forefront of public opinion because of the same problem.

01

Disguised charging of beheading interest and loan sharking

On the Black Cat complaint platform, as of August 12, there were many complaints about "Tongcheng Jinfu" There are 17,323 entries. During the process of issuing loans, Tongcheng was complained by many consumers about issues such as evasion of supervision, loan sharking, high beheading interest, routine loans, and violent collection.

Among them, "beheading" is the hardest hit area of ??consumer complaints.

On August 2, a complainant said that he borrowed 1,000 yuan on the same trip, and the membership fee was 219 yuan each time for 11 consecutive periods. I only enjoyed membership benefits once in the middle, and did not enjoy them in the other 10 periods.

If you don’t buy a membership during this period, you won’t be able to borrow money, which is equivalent to cutting off the interest in disguise.

Many people have also been charged beheading interest in this way. Another complainant said that after borrowing money to travel and buy money, he knew that he needed to open a membership every time he borrowed money, and the borrowed money did not match the actual amount received.

Later, the loan was violently collected and harassed with various threats. The negotiated repayment and deferred repayment were also rejected, resulting in a heavy debt.

Similarly "purchased" travel has also been complained of as involving routine loans and loan sharking. Some users said that they spent 2,400 yuan using their pre-order quota to buy Dark Horse’s “pickup card”.

With the delivery card set, I found that the "JD.COM Card" inside was cashed out for 1,000 yuan, and the actual amount was 940 yuan; the "Wanshang Gift Card" was cashed out for 500 yuan, and the actual amount was 470 yuan; 400 yuan Cashed out a 10,000 yuan shopping card, and the actual amount was 282 yuan.

In other words, after borrowing 2,400 yuan, I actually received 1,692 yuan, which must be paid back in one go. When I bought it, it said it could be repaid in 12 installments.

Not only are they forced to bundle consumption in money withdrawal tours, but they also charge beheading interest through diamond cards and other methods. The variety of cards is dazzling.

Beheading interest is a common way to collect loan interest in advance in the cash loan industry. With the strengthening of supervision, many beheading benefits have become these so-called "shopping cards."

Tongcheng Finance uses shopping cards to lend money in disguised form, circumventing supervision to a certain extent. Money makes money and makes a lot of money through buying and selling. This is why, although beheading has been banned, it still cannot be stopped.

02

Tongcheng’s loan business

Public information shows that Tongcheng Travel was founded in 2004 and is headquartered in Suzhou. In November 2018, Tongcheng Travel was listed on the Hong Kong Stock Exchange and can be said to be the leading one-stop online travel service platform in China.

In recent years, Internet finance has become popular. As of the end of 2018, there were more than 6,000 p2p platforms across the country, including Xunlei. Faced with huge profits, Tongcheng Travel began to rely on the huge traffic of the platform to develop its lending business.

Tongcheng Jinfu was established at the end of 2015. In order to optimize Tongcheng's financial ecology, systems such as supply chain finance, small loans, consumer finance, wealth finance, and cross-border finance have been built.

The developer of Tongcheng Jinfu is Guangzhou Firefly Microfinance Co., Ltd., industrial and commercial information shows that the legal representative of Firefly Microfinance is Ye Nanxing, and the sole shareholder is Guangzhou Green Gold Technology Co., Ltd. (Tongcheng Digital Branch operating entity), approved and established in 2016.

Among them, Chengcheng Baitiao is for travel installments, cash withdrawals and purchases are for 3C and other commodity installments, and large-amount lending and Zhixin lending mainly provide diversion services for third-party operating platforms.

It can be seen that Tongcheng Travel has deployed financial services such as consumer finance, installment shopping malls, and loan supermarkets.

03

Diversion from third-party lending institutions

Recently, new users registered and tried to apply for the "Cash Withdrawal Tour" quota, but the application for the quota failed. I recommended it to them. Links to third-party loan products.

After clicking on the relevant links, Tongcheng Digital Branch led to loan platforms such as "Haoshedai, Kuaihuadai, Kadana, Rong E Wallet, Yinbao Wallet, Baiyong, Rong360" or Loan supermarket.

On the Black Cat complaint platform, a user cla

In this way, common problems such as loan sharking or violent collection have also appeared on some other loan platforms guided by the Tongcheng Travel App. In fact, these problems were exposed as early as 2019, but three years later, the problems still exist.

According to the first quarter performance report of 2023 released by Tongcheng Travel, the average monthly active users of Tongcheng Travel reached 240 million.

With 240 million monthly active users, Tongcheng has neglected user experience. Against the backdrop of tightened regulation of Internet finance, problems such as beheading and violent debt collection still exist. Killing user trust.

What was once the most trustworthy travel platform will soon become the “most profitable travel platform”. As a service platform for the cultural tourism industry, it should pay more attention to consumers.

In addition, in January this year, Tongcheng Travel announced that actress Zhang Zifeng from mainland China has become the new generation brand spokesperson.

Thus, one can’t help but think of the fact that some time ago, Hu Jun was exposed as endorsing the extension of a financial product. This product was involved in 340,000 fraud cases, amounting to 39 billion yuan.

In recent years, there have been many incidents of celebrities endorsing products. Will Zhang Zifeng turn around this time? Related Q&A: Is the Huanbei loan platform formal?

The Huanbei loan platform is formal. According to my country's relevant regulations, any financial institution that wants to lend legally must hold a consumer finance license approved by the China Banking and Insurance Regulatory Commission in order to be qualified for private lending. Huanbei is a small loan service platform under Shuhe Technology, and Shuhe Technology holds a consumer finance license issued by the China Banking and Insurance Regulatory Commission. In other words, Huanbei under Shuhe Technology is qualified for private lending. Indeed It is a legal loan platform. The lowest annual interest rate on Huanbei is 9.13%, and the highest is 24%. The central bank's loan benchmarks are: 3.85% for one year and 4.65% for five years. The maximum borrowing period for Repay is no more than five years, so we calculate it based on the one-year benchmark interest rate, so the interest for Repay is within the legal range. The above content is for reference only and does not provide any loan advice. Online loans are risky, so be careful when choosing! I used to have business turnover needs before, and I have used several small loan products. The first one I applied for was Du Xiaoman Youqianhua (formerly Baidu Finance), with a quota of exactly 10W (the platform supports a maximum of 20W), and the interest rate is also very high. Low (annualized minimum 7.2%), still relatively low. All were proposed and divided into 12 issues. Baidu Finance is a formal licensed consumer finance company, and there are no fees for the entire application process and payment.

Du Xiaoman-If you have money to spend (second batch), click online to measure the amount

Du Xiaoman-If you have money to spend, pay special attention to: 1. After you have money to spend, you must withdraw cash as soon as possible. , because the quota may become invalid after a long period of time. 2. It is best to withdraw the full amount when withdrawing, because I read other people’s posts saying that if you withdraw too little, the system risk control may mistakenly think that you need it (or re-judge that you are not a high-quality customer), resulting in being rejected in the withdrawal process, at least It is safer to raise 60%. Anyway, Baidu Finance supports free early repayment. If you don’t need it for a few months, you can choose to settle it in advance. The interest will be paid for as long as you use it, and there will be no loss to us. We must make sure to raise it first. The second one I applied for was 360 IOU. After all, they are big platforms, so I applied first. The limit is 5.5W, and the interest is about the same as having money to spend. 360 IOU can borrow up to 200,000!

Click to measure the amount online

There is also a trick to apply for 360. After simply filling in the information at the beginning, the amount that comes out is just a basic amount, such as 5000, 1W5, etc. If you feel that the amount is not enough To use it, you can directly apply for the exclusive loan without withdrawing cash. This is a large amount. As long as you have the basic limit, the exclusive loan will definitely be passed and the amount will be greatly increased. Moreover, the exclusive loan supports 24 periods. My basic limit is 9,000, and after upgrading to exclusive loan, it is 5.5W.

The third one is Ping An Bank’s new loan (quick loan), which allows you to borrow up to 500,000! 0 mortgage, 0 guarantee: no guarantee required, just personal credit, application threshold is low: you can apply if you have an average monthly income of more than 4,000 yuan (provident fund, housing loan, insurance policy are all acceptable)

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