Research On Financing Effect Evaluation Of Xiaomi Group Digital Supply

SMEs are the main force of national economic and social development and play an important role in social development.However,small and medium-sized enterprises are difficult to obtain funds from banks and other financial institutions due to their small scale,big operating risks,little information disclosure and no collateral assets,which seriously limits their development.Although the birth of supply chain finance alleviates the financing pressure of SMEs to a certain extent,problems such as information asymmetry,high risk of financing costs,and inability to transfer core enterprises’ credit are prominent.In particular,due to the impact of the domestic epidemic in 2020 and the impact of the international environment,a large number of SMEs suffer from operating difficulties and bankruptcies due to fund rupture,and financing problems need to be solved urgently.In the context of the development of fintech,digital supply chain financing model can not only solve the financing problems of small and medium-sized enterprises,but also overcome the shortcomings of traditional supply chain finance model,so as to enhance the value of the entire supply chain.However,due to the short development time of digital supply chain finance,the specific effect of digital supply chain financing business has yet to be verified.Therefore,this thesis chooses the case of Xiaomi Group for analysis.This thesis uses literature research method and case analysis method to carry out research.Firstly,the literature research method is adopted to sort out the relevant literature and works of domestic and foreign scholars,define the concepts of supply chain finance and digital supply chain finance,and elaborate the theoretical basis of this thesis.Secondly,using the case analysis method,this thesis introduces in detail the general situation of Xiaomi Group’s digital supply chain financing,the main products and advantages of Xiaomi Group’s digital supply chain financing,as well as the motivation of Xiaomi Group’s digital supply chain financing.Then,the financing effect of Xiaomi Group’s digital supply chain is analyzed from three aspects: first,the effect of Xiaomi Group itself is analyzed,including financial and non-financial perspectives;Second,the effect analysis of upstream and downstream SMEs;Third,the effect analysis of the supply chain as a whole.Finally,the conclusion is drawn that Xiaomi Group’s digital supply chain financing has a positive effect on its own development,which is conducive to reducing credit risk,controlling capital cost,improving profitability,increasing market share and user stickiness,so as to enhance its own competitiveness.The financing mode of digital supply chain not only reduces the financing cost of smes and enhances their anti-risk ability,but also realizes the inner circulation of capital flow in the whole supply chain and deepens the cooperative relationship between enterprises.At the end of the thesis,based on the analysis of the above conclusions,the enlightenment of Xiaomi Group’s digital supply chain financing model and suggestions to further improve the effect of Xiaomi Group’s digital supply chain financing.