On June 24, 2015, www.wjs.com, the first internet finance assets trading platform created jointly by three most competitive enterprises in internet, finance, and IT innovation in China, i.e., China National Investment & Guaranty Co., Ltd. (I & G), Zhejiang Ant Small & Micro Financial Services Group Co. (Ant Financial), and Hundsun Technologies, Inc. (Hundsun), was officially launched after gaining government approval.

I & G was founded in 1993 with approval from the State Council. It is the first national-level, professional guarantee provider with the largest business scale and the richest product variety and risk control experience. Ant Financial focuses on serving small- and medium-sized enterprises and ordinary consumers. Brands affiliated with the company include Alipay, Alipay Wallet, Yu’ebao, Zhaocaibao, Ant Micro Loan, Sesame Credit, and MYbank. Hundsun is a leading finance software and network service provider. Since 2008, it has become the only Chinese software company included in Global Fintech 100 list.  As an internet finance assets trading platform backed by these three shareholders, www.wjs.com is endowed with competitiveness in technology, distribution channel, operation, and risk control.

A Dacheng team provided multiple innovative and critical legal solutions regarding business model, transaction structure, and operation flow of the platform. The team included Beijing-based partner Xiao Sa and attorneys Yu Yingjie and Ding Jinling. Wu Zhigang, CEO of www.wjs.com, commented that the attorneys’ service were “professional and dedicated” and “100% praiseworthy”. The successful launch of www.wjs.com is a symbol of a meaningful attempt in internet finance and an innovation in finance under the existing legal framework.