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New Year Hit of Internet Finance -- Licaiwu.com Comes Online at 0:00

BEIJING, Jan. 1, 2015 (GLOBE NEWSWIRE) -- At 0:00, January 1st, 2015, internet finance platform "licaiwu.com" officially goes for online operation. As a wholly owned subsidiary of a leading real estate fund enterprise-Tongkong Investment Group (referred to as "Tongkong Group" below), Licaiwu.com expands new territory for Tongkong Group in its business development as an ambitious move of the transfer from offline to online.

Xia Hongxiao, CEO of Licaiwu.com said, "0:00 of January 1st remarks the beginning of a new year, this timing is our common aspiration and carries the dream of our team. We cooperate our quality projects with banking institutions such as Bank of East Asia, to enhance security mechanism of the platform. Moreover, all of these projects are property mortgage projects in core regions of tier 1 and tier 2 cities. Licaiwu.com boasts Masters with overseas educational background, which accounts for 60% of the team, and domestic elites graduating from Peking University, Fudan University and Shanghai Jiaotong University. They used to work for famous companies such as Facebook, HSBC, Alibaba, Tencent, and Lufax.com. We devote ourselves to building an innovative and sustainable internet finance company."

So far the cumulative registered capital of Stars Finance, Stars Wealth and Stars Investment totaling 231 million RMB. With core team boasting 10 years above experience, platforms relying on the abundant resources of Tongkong Group, sound risk control system, competitive return on investment, and operation strategy of "spreading, mortgage, optimization", Licaiwu.com strives to provide for investors with an open, transparent, and reliable internet finance platform, and aims to build an innovative internet finance model evolving from single product to diversifiable products, all-round services, and finally one-stop service.

By the end of 2014, Tongkong Group has an asset scale of over 1 billion RMB, asset under management of over 5 billion RMB, wealth management service and asset planning for investors of more than 10 billion RMB. It is also learned that Zhang Baoguo, Chairman of the Board of Licaiwu.com (also Chairman of Tongkong Group, President of MAI Fund, and Vice President of Henan Chamber of Commerce) has bought Licaibao and Chunjiebao as the first investor of Licaiwu.com to support its development. As China's best investment and financing institution of 2014, in recent years, Tongkong Group adopts diversified development strategy, where the huge investment and support to Licaiwu.com demonstrates internet finance as a significant part of its strategic layout.

Licaiwu.com is one of the most important projects of Tongkong Group in future strategic planning. Xia Hongxiao, CEO of Licaiwu.com said, "We persist in building a 100% transparent and open wealth management platform, and we believe that Licaiwu.com will become the new benchmark for internet finance in the near future."

CONTACT: Jingjing Shao shaojingjing@licaiwu.comSource: Stars Finance