Core Viewpoint - The article discusses the challenges and risks faced by Hello's financial service platform "Zhen You Qian" as it approaches the implementation of new lending regulations, highlighting its reliance on a loan facilitation model without direct lending licenses, and the implications of high interest rates and personal data handling practices [2][3][19]. Group 1: Business Model and Regulatory Challenges - Hello has been operating its financial service "Zhen You Qian" for six years but lacks key licenses for direct lending, relying instead on a loan facilitation model [3][19]. - The company has a loan balance exceeding 400 billion yuan, positioning it in the upper-middle tier of the loan facilitation industry [3]. - With the upcoming implementation of the "Lending New Regulations," Hello's current partnerships may be deemed non-compliant if it does not make it onto the "white list" of approved institutions [7][19]. Group 2: Partnerships and Collaborations - Hello collaborates with a wide range of financial institutions, including 16 financing guarantee agencies and around 70 third-party institutions, indicating a broad but complex partnership network [4][5]. - Despite having multiple partnerships, only a few institutions have officially recognized Hello as a compliant partner, raising concerns about the sustainability of its business model [7]. Group 3: Interest Rates and Financial Practices - The platform's annualized interest rates range from 4.9% to 36%, with the latter exceeding the judicial protection limit of 24%, raising ethical and legal concerns [8][10]. - Complaints from users indicate that the total cost of borrowing, including various fees, can significantly exceed the advertised interest rates, leading to accusations of predatory lending practices [11][13][14]. Group 4: Data Privacy and Compliance Issues - Hello has faced scrutiny over its handling of personal data, with reports indicating violations related to the collection and sharing of user information without proper consent [17][18]. - The company has been flagged for not adequately informing users about the extent of data collection and for sharing personal information with numerous third parties [17][18]. Group 5: Future Outlook and Risks - The company's aggressive financial strategies, driven by pressure to achieve profitability amid stagnant growth in its core bike-sharing business, may lead to increased regulatory scrutiny and potential penalties [11][19]. - The acquisition of a controlling stake in a listed company does not provide Hello with direct lending capabilities, leaving it vulnerable to regulatory changes that could impact its financial operations [20].

Core Viewpoint - The company, 哈啰数科, is actively seeking to acquire a small loan license, indicating a strategic move to expand its financial services and enhance compliance in the tightening regulatory environment [10][14][30]. Group 1: Job Positions and Requirements - 哈啰数科 has posted job openings related to licensing, including positions for "Director - Chongqing Small Loan" and "General Manager and Legal Person - Tianjin Financing Guarantee" [1][4]. - The "Director - Chongqing Small Loan" position requires a deep understanding of the internet finance market, financial risk management, and the ability to provide insights on risk decisions [1]. - The "General Manager and Legal Person - Tianjin Financing Guarantee" position demands expertise in the entire process of internet guarantee business, including product design and credit approval [4]. Group 2: Salary and Location - The salary range for both positions is between 20K to 40K, with additional bonuses (14 months for the first position and 15 months for the second) [2][5]. - The "Director - Chongqing Small Loan" position is based in Shapingba District, Chongqing, while the "General Manager and Legal Person - Tianjin Financing Guarantee" is located in Hebei District, Tianjin [3][6]. Group 3: Strategic Implications of Acquiring Licenses - The recruitment efforts suggest that 哈啰数科 is planning to secure a small loan license in Chongqing, potentially acquiring it from a group facing debt issues [14]. - Currently, 哈啰数科 relies on 天津千宏融资担保有限公司 for its loan products, indicating a need for more licenses to expand its operations [10][15]. - The company’s current loan balance exceeds 400 billion, highlighting the necessity for additional licenses to support its growing business [16]. Group 4: Market Context and Future Outlook - The small loan market is experiencing a polarization, with leading platforms growing while smaller ones face significant challenges due to stricter regulations [22][25]. - As of June 2025, there are 4,974 small loan companies in China, with a total loan balance of 736.1 billion, reflecting a decline in the number of companies over the past decade [23][24]. - The acquisition of a small loan license would allow 哈啰数科 to engage more directly in lending activities, enhancing its operational autonomy and reducing reliance on external funding [18][19][20].