"Mr. Zhang, this top student ran away one-on-one, but my child didn't even attend a day of class. Can I not repay the loan I owe to Yimindai?"
"Yes, you are already the richest man, how can you get involved with these scam companies?"
"Mr. Zhang, please give me an explanation!"
…
Zhang Yida's Weibo, which has not been used much since last year, suddenly appeared with many messages, all pointing to the same problem: "Xueba 1 to 1" ran away.
Weibo officials also added fuel to the flames, putting relevant news on the hot search list.
Zhang Yida looked at Yimindai CEO Chen Shaojie who was standing in front of him tremblingly, and said coldly: "Have you investigated the matter clearly?"
Chen Shaojie sighed, "The investigation revealed that Xueba 1 to 1 was founded in 2015. The boss is a post-95s generation who took a leave of absence from Dongbei Finance in his sophomore year to start this company.
The boss’s name is Qu Feixuan, she is born in 1995, she is a beautiful boss, and she is very popular online.”
Zhang Yida interrupted, "So you signed a contract with them. What did I say before? I would rather do less business than cooperate with these small and medium-sized educational institutions."
Chen Shaojie moved his lips and wanted to explain a few words, but in the end it turned into a helpless sigh.
Zhang Yida said these words, and he also transmitted them downwards.
However, in the field of education installment, competitors are making rapid progress and there are no problems, so the scale of cooperation is gradually relaxed.
If we really want to hold him accountable, he won't be able to escape his involvement.
But things have already happened. It’s useless to talk more. Let’s think of a solution first!
Chen Shaojie said: "We have already called the police. Xueba One to One has owed employees a total of 5 million in wages and about 20 million in tuition fees.
Not many people use Yimindai to finance education installments, only 4 million, or about 300 people."
"300 people?"
Zhang Yida felt something was wrong. He only had one battalion, so how could he unleash the firepower of a division on his Weibo post?
There is probably another villain at work!
Zhang Yida did not think any more. His first priority now was to let the incident subside.
"In addition to calling the police, Yimindai has no other response measures?"
"Yes, yes," Chen Shaojie said quickly, "We have arranged for customer service to contact more than 300 education installment users involved in this incident to negotiate and resolve the matter."
"The amount is not big, but the matter is too bad."
Zhang Yida gradually calmed down and said calmly: "But now all the users seeking justice have come to my Weibo."
Chen Shaojie also knew that the amount was not large, and even if all debts were bad, it would not shake the foundation of Yimin Dai today.
It's just that Mr. Zhang was dragged into the water this time. It would be too shameful for the richest man to get involved in these messes.
Thinking of this, Chen Shaojie broke into a cold sweat and asked tentatively: "Mr. Zhang, on the user's side, do we grant interest exemptions or loan extensions as appropriate?
In this case, the pressure of public opinion may be slightly less.
In addition, we are trying our best to be sincere. It means that this business is not profitable, or even losing money."
Zhang Yida nodded, "The interest can be partially deducted, but this is out of humanitarian concern.
As for the principal, it must be returned every penny. It doesn’t matter the amount, it’s a matter of principle.”
Zhang Yida's tone was a bit serious, but Chen Shaojie also understood the meaning.
This time you made concessions to users. Next time something like this happens, should you make concessions or not?
Moreover, even if there is no Yimin Loan, these parents still have to go to Xueba to pay tuition one-on-one.
It was the parents who found the training institution first, and the loans came later. If we really want to say that they are the victims, Yimindai is also a victim, and they were also deceived one-on-one by the top students.
Zhang Yida lowered his head and looked at the one-on-one information between Qu Feixuan and the leader.
The girl is of the same age as her, and the career she has accomplished is not small.
Xueba One-to-One brings together more than 2,000 Xueba, all from top 10 famous schools such as Qingbei Fujiao, to teach students elementary, middle and high school Chinese, mathematics, physics and other courses and test questions.
We also received 20 million yuan in Series A financing. Logically speaking, we won’t run away, right?
Zhang Yida raised his head, looked at Chen Shaojie, and said: "Arrange the Supervision Department to go to the Magic City to conduct a comprehensive investigation on the sales and risk control involving the one-on-one cooperation signing with the top students."
Chen Shaojie sensed something was wrong, "Mr. Zhang, are you suspicious?"
"Yes, no matter whether there is any problem or not, this procedure must be followed."
Zhang Yida pointed at Chen Shaojie, "And you, you must bear a certain responsibility for causing such a big mistake this time. This year's options and bonuses will be halved."
When Chen Shaojie heard this, his face collapsed, but he still nodded. He must also bear the responsibility.
"In addition, an audit will be arranged, and all educational institutions that do not meet the qualifications will be removed from the cooperation list."
Zhang Yida said in a serious tone, "I don't want to hear about what happened this time again."
Chen Shaojie also knew how powerful it was. He finally understood why Mr. Zhang valued the qualifications of cooperative enterprises so much.
If this kind of runaway happens a few more times, Yimindai may have to withdraw from the education installment market.
The public relations department of Yimindai quickly clarified the matter and stated that it had reported the case to the public security organs and would consider granting partial interest exemptions to users as appropriate.
If your family is really unable to make money, you can extend the loan and borrow it for a longer period of time.
The announcement did not mention principal reduction or exemption, but some users were still dissatisfied and continued to slander Yimindai and Zhang Yida.
Yimindai became much stronger next. It issued an announcement stating that Yimindai operates in accordance with business procedures and laws normally, and all lending funds come from financial institutions such as banks and trusts.
If the user maliciously fails to repay the loan overdue, the credit report will be reported to the central bank, which will affect the education of their children.
Now, most users don’t dare to make trouble. They are all parents, and their children are in primary school, junior high school, and high school. If it affects schooling, the loss will be huge.
As for the small group of people who want to default on their debts, or want to try whether Yimindai really requires a credit report, they are still making a fuss online.
But netizens' attention will always be on this, and they will soon eat the next thing.
Of course, the public relations department also contributed a lot and spent a lot of money deleting posts.
Gradually, things calmed down.
Although online public opinion has been controlled, Yimindai is experiencing a major earthquake internally.
Chen Shaojie looked at the situation reported by the investigation teams sent to each branch. It was shocking.
Many educational institutions are not as good as Xueba in terms of one-on-one, and they have received 20 million in venture capital.
Chen Shaojie did not dare to neglect and quickly convened a meeting with the general managers of branches in various places for one purpose: to check the qualifications of cooperative institutions.
Anyone who does not meet the conditions for cooperation signing will be terminated.
As soon as this decision was announced, it caused a lot of discussion among the branch general managers.
Each of their branches has performance tasks. If they terminate contracts with so many companies, can they still complete the tasks and get performance?
Chen Shaojie also took action this time. Anyone who refused to execute the order would be withdrawn.
In addition, he felt that there were some flaws in the company's management system, so he developed a new assessment mechanism.
Performance and overdue rate are no longer the only criteria for assessment, and the probability of problems with cooperative institutions is also included.
The general manager of Magic City became the first chicken to scare the monkeys. The top student was in Magic City one-on-one, so he was punished by being demoted and reduced in salary.
This is because the Supervision Department did not find any problems after going to the Magic City. If financial problems were found, the punishment would not be so easy.
Now, no one dared to object anymore. Although they felt that the headquarters was making a fuss out of a molehill, they all took it to heart.
After the general managers of each region returned to the branch, they began to remove cooperative education institutions that did not meet the qualifications in accordance with the requirements of the headquarters.
The cooperation agreements signed between Yimindai and these small and medium-sized educational institutions are relatively strong, with clauses that exempt them from unilateral termination.
So doing these things is very simple and neat.
It only happened once, but it offended primary and secondary education institutions all over again.
Some institutions even said that they would never cooperate with Yimindai again in this life.
Duxiaoman Financial, a subsidiary of Qiandu, seized the opportunity and signed contracts with many education and training institutions that had terminated contracts with Yimindai, thus increasing its market share.
Affected by a series of events, Yimindai's stock price plummeted, falling below the issue price, and its market value was less than US$3 billion.
Over in the United States, a group of leeks who felt they had been cheated were preparing to launch a class action lawsuit against Yimindai.