Shenzhen, China, July 2, 2015 /PRNewswire/ -- In Q1 2015, the overall scale of China's internet finance market exceeded 10 trillion yuan, with the number of domestic internet finance users expected to reach 489 million in 2015, achieving a penetration rate of 71.91%. With the rise of internet finance, more and more young people are managing their finances online, leading to greater awareness of financial planning and increasing demand. A new generation of young people has joined the ranks of financial management. On the other hand, the demand for domestic travel is also growing rapidly, with 3.611 billion domestic trips taken in 2014. So have you ever thought about how finance and travel could be combined? Achieving financial gains while also reducing travel costs might just be an appealing idea for today’s youth.
Tuniu International’s business travel booking website, Feiren.com (www.feiren.com), has recently launched a travel finance product called “Rongyifei,” which uses a uniquely innovative approach in China, allowing users to earn returns quickly and realize the dream of traveling with 0-yuan air tickets. It is both an innovative payment method and a new type of financial product where air tickets serve as the return.
The “Rongyifei” product is jointly launched by Feiren.com and Tuniu International’s P2P platform, Tuniu Venture Capital (www.p2p178.com). Users can pay for air tickets via the “Rongyifei” method by selecting a P2P project from Tuniu Venture Capital. Based on the air ticket price and the required investment amount for the desired yield, for example, if the air ticket price is 1,500 yuan, and you choose a 12-month P2P project with an annualized rate of 15%, then the required investment amount would be 10,000 yuan. In other words, by investing 10,000 yuan for one year, you can immediately obtain a free air ticket worth 1,500 yuan.
1. What’s the difference between booking with “Rongyifei” and regular booking?
When booking with “Rongyifei,” the air ticket price is effectively 0 yuan, but the related services are not compromised and are exactly the same as those for normally booked tickets on Feiren.com. There is no difference in ticket discounts, refund, change, or rebooking policies. Currently, “Rongyifei” applies to all domestic air ticket products on Feiren.com, with no restrictions on routes or flights. International air tickets and other products will be supported in the future.
2. What’s the difference between “Rongyifei” and regular P2P financial management?
“Rongyifei” is a product that combines a business travel booking platform with a P2P lending platform. Compared to ordinary P2P financial management methods, “Rongyifei” allows users to obtain full return value immediately, without waiting monthly for interest payments. Compared to other investment and financial management options, “Rongyifei” relies on Tuniu Venture Capital’s P2P platform, backed by the brand assurance of a publicly listed company, ensuring fund security and stable returns (annualized yield of 12%-15%).
Combined products of travel and finance have been tentatively tried in China before, such as business travel credit cards or installment payments for travel products. However, the combination of travel and P2P is a first for Tuniu International in China. Tuniu International has unique inherent advantages in developing travel finance products. First, Tuniu International has over a decade of experience in the business travel market, giving it strong industry advantages. Second, Tuniu International has made forward-thinking attempts in financial services. In addition to its P2P platform, its third-party payment, microloans, and insurance brokerage businesses have all seen rapid development. Its “Travel × Internet × Finance” model has gained recognition from investors and the industry. Tuniu International enhances the concept of “Internet+,” deeply integrating the innovative achievements of the internet into the broader travel industry, boosting industrial innovation and productivity, achieving more efficient resource allocation, and benefiting consumers and investors alike, thereby creating a win-win situation.
Tuniu Takes You Flying Around the World for 0 Yuan
To promote “Rongyifei,” a product that combines travel payment and innovative financial management, Feiren.com is holding a lucky draw for free air tickets and business cards in July. Members who successfully book and take flights using “Rongyifei” will have the chance to winfreeround-trip air tickets between Shenzhen and Sanya and business cards from Feiren.com with varying values.