Recently, the Nanshan District Procuratorate of Shenzhen Municipality reported that Zhang Kaixing, the founder and actual controller of the famous private equity and fund sales platform "Golden Axe", and others were transferred to the procuratorate for review and prosecution by the Nanshan Branch of the Shenzhen Municipal Public Security Bureau for suspected crimes of illegally absorbing deposits from the public. However, the strange thing is that on the day that the procuratorate announced the case, Zhang Kaixing attended the live broadcast annual meeting attended by more than 600 people of the company and delivered a speech, which has a strong meaning of announcing "freedom" to the outside world.
After being released on guarantee pending further investigation, he attended the company's annual meeting to speak
According to the circular, the public security organs determined that Shenzhen Golden Axe Network Technology Co., Ltd., Shenzhen Fujia Financial Information Service Co., Ltd., and Shenzhen Jinguan Industrial Co., Ltd. successively held 100% of the equity of Shenzhen Qianhai Snowball Wealth Management Co., Ltd. (hereinafter referred to as Snowball Company). Snowball operates the Snowball Online Loan Platform, which launched the P2P business in 2015, absorbs investment from unspecified targets in society through public publicity, and then cooperates with a number of lending institutions to design and package the asset-side design of lending institutions into target products for sale on the platform.
According to the audit, between 2015 and June 2019, the snowball platform absorbed a total of about 4.252 billion yuan of 151513 investors. After the liquidation, the balance to be repaid (net principal, excluding debt conversion) is about 70.5539 million yuan. At present, the project account has collected about 69.9178 million yuan.
Public information shows that the Nanshan Branch of the Shenzhen Municipal Public Security Bureau filed a case against the "snowball" platform on January 10, 2021. After comprehensively collecting evidence, in July 2021, the police took compulsory measures of criminal detention against criminal suspects Tang Mouguo, Zhou Moufeng, Zhang Mouyuan, Lin Mouyuan and others in accordance with law.
According to the procuratorate's notice, the above-mentioned suspects include Zhang Kaixing, chairman of the board, legal representative and actual controller of Snowball Company, legal representative and actual controller, Tang Caiguo, Zhou Jinfeng and Zhang Shiyuan, shareholders of Shenzhen Fujia Financial Information Service Co., Ltd., Zhong Liang, the actual controller of Shenzhen Jinguan Industrial Co., Ltd., Lin Yun, legal representative of Jiangxi Jingan Jewelry Co., Ltd., and Zou Xiaohui, general manager of Shenzhen Jinguan Industrial Co., Ltd.
However, the amazing thing is that Kaijia Finance found that on the same day that the Shenzhen Nanshan Procuratorate released the case of Zhang Kaixing and others suspected of illegally absorbing public deposits, Zhang Kaixing's Golden Axe Group held a grand ceremony for the 2022 annual meeting in Shenzhen, and the annual meeting was conducted in the form of online live broadcast, with more than 600 Golden Axe employees participating. The highlight of the annual meeting was that Zhang Kaixing, chairman, founder and CEO of Golden Axe Group, made a speech with the theme of "Keeping the Integrity and Being Honest, Long-term Achievement; Growing Against the Trend, And Going with the Flow".
Choosing to make a high-profile appearance at the same time when the procuratorate announced the non-smoking case, Zhang Kaixing is intentionally demonstrating to the judicial organs and declaring that he is a "free body"?
Why was Zhang Kaixing, suspected of illegally absorbing deposits from the public, able to escape criminal detention and be arrested and continue to preside over the company's affairs? Kaijia Finance found that in August 2021, the Nanshan District Public Security Bureau had issued a case notice, the police submitted Zhang Kaixing and 6 other criminal suspects to the procuratorate for arrest, however, the Shenzhen Nanshan District Procuratorate approved the arrest of 3 of the criminal suspects, and the other three suspects who admitted guilt and accepted punishment during detention and actively returned 16.46 million yuan of stolen goods were not approved for arrest on the grounds of no social danger, and subsequently, the Nanshan District Public Security Bureau released the three suspects on guarantee pending trial in accordance with the law.
Judging from this, Zhang Kaixing should be one of the three people who actively returned the stolen goods and obtained release on guarantee pending further investigation. However, is it also amazing that a P2P platform non-smoking suspect is still in charge of a wealth management platform's business when the court has not yet pronounced a verdict?
Still firmly in control of the Golden Axe
Public information shows that Zhang Kaixing, the founder and CEO of Golden Axe, graduated from Sun Yat-sen University with a bachelor's degree. He has worked in Xunlei Network for 4 years, was the early founding employee of Xunlei Cloud Computing Division, and served as the operation supervisor, participating in the operation planning and management of Xunlei members from 0 to 4 million, and won the Xunlei Annual Excellent Employee Award for many times.
In 2012, Zhang Kaixing and several partners founded golden axe, an Internet wealth management institution that started as a financial Q&A community and gradually transformed into an Internet private equity issuance and service platform, focusing on the asset allocation of high-net-worth individuals. In the first half of 2016, Golden Axe obtained an independent third-party fund sales license and a private equity investment fund manager qualification.
In 2012, Golden Axe received angel round investment from Zeng Liqing, one of tencent founders, and in December 2014, Golden Axe received a series A financing of tens of millions of DOLLARs from Sequoia Capital. Golden Axe portrays itself on its official website as an Internet wealth management platform with diversified shareholder background of "central enterprises + listed companies + international famous venture capital". According to the information on the official website, the shareholders of Golden Axe also include China Merchants Venture Capital, Songhe Capital, Huaxi Shares, Renren Company, etc.
According to an official promotional material of Golden Axe, it is committed to becoming China's leading household asset allocation service platform, with 800,000 registered users, and as of 2020, golden axe's cumulative asset allocation scale has exceeded 35 billion. Golden Axe claims to have a number of financial business qualifications, such as fund sales, insurance agency, private equity, etc.
Although Zhang Kaixing was criminally detained and prosecuted on suspicion of non-smoking, he was still the actual controller of the Golden Axe. Enterprise investigation and big data analysis shows that Zhang Kaixing holds 12.42% of the shares of Shenzhen Golden Axe Network Technology Co., Ltd., the operating entity of Golden Axe, with a voting right of 31.7765%.
On the official website of Golden Axe, a column recommended by the CEO is also specially set up, of which the "open chat" column is open to talk about various private equity topics. There are usually 3 times a month until February 2021, but only once a month from March to May. Since May, "Open Chat" has not been updated. It can be seen that the police investigation and criminal detention incident have had a certain impact on Zhang Kaixing's normal work.
The former Thunderbolt Four Musketeers were arrested at the same time
Kaijia Finance noted that along with Zhang Kaixing, who was sued for allegedly absorbing public deposits, there were several old colleagues who had worked in Xunlei like him.
Among them, Zhang Shiyuan is the chief operating officer of Shenzhen Fujia Group, the general manager, executive director and legal representative of Qianhai Snowball Wealth Management Co., Ltd. Zhang Shiyuan graduated from South China University of Technology and has worked for Tencent, JD.com, Xunlei, Fangduoduo and other companies, leading many star projects such as Tencent QQ members.
Zhou Jinfeng served as the chairman of Fujia Group and the supervisor of Snowball. According to public information, Mr. Zhou Jinfeng graduated from Huazhong University of Science and Technology with a master's degree in telecommunications. Previously worked for Tencent and Xunlei. From 2012 to 2015, Zhou Jinfeng publicly participated as the founder and COO of the P2P platform "Formax Financial Circle", which also received tens of millions of dollars in investment from IDG, CreditEase and Fosun. Formax Financial Circle Operator Shenzhen Formax Technology Co., Ltd. announced the liquidation announcement in July 2018, and two months later was filed for suspected illegal absorption of public deposits.
Tang Caiguo is a shareholder and director of Fujia Financial. He was responsible for the operation of Xunlei's membership business at Xunlei, and founded the vertical e-commerce brand Millais Jewelry in 2012.
The snowball online loan platform was established in January 2014 with a registered capital of 50 million yuan and is operated by Shenzhen Qianhai Snowball Wealth Management Co., Ltd. Shenzhen Qianhai Fujia Financial Information Service Co., Ltd. is wholly owned, with Zhang Shiyuan, CEO of Fujia Group, as the legal representative, general manager and executive director, and Zhou Jinfeng as a supervisor.
Public information shows that the initial actual controller of the snowball platform is Shenzhen Golden Axe Network Technology Co., Ltd., the main body of Golden Axe operation. In 2016, the sole shareholder, Shenzhen Golden Axe Network Technology Co., Ltd., also increased the registered capital of Snowball from 20 million yuan to 50 million yuan. In July 2017, the snowball executives changed, the former legal representative, general manager and executive director Zhang Kaixing withdrew, the general manager and executive director were replaced by Zhang Shiyuan, and Zhou Jinfeng was added as a supervisor.
Since then, Golden Axe has withdrawn from its list of shareholders, and Snowball is wholly owned by Fujia Financial Group, but Golden Axe still indirectly becomes a shareholder of Snowball by holding 10% of Fujia Financial's shares.