Recently, an intriguing piece of news emerged: Sunac and Shanli (Shanli Commercial Co., Ltd.) held a secret meeting. The timing of the meeting was particularly sensitive—Sunac had just been exposed for shifting its focus to non-performing assets, while Shanli had also recently risen as a dark horse in the non-performing asset sector. With both companies as "new forces" coming together, could their shared language of non-performing assets spark something significant?

What is Shanli? Judging from the name alone, one might guess that it is a company based in the mountains... Following the development path of Shanli Technology Holding Co., Ltd., a key enterprise under the "Shanli Group," the company's predecessor entered Bijie, Guizhou, as early as the year, promoting local specialty agricultural products from the Qianxi region. At that time, the company was merely a supplier to Alibaba Fresh and JD Fresh. In the year, the company achieved a strategic cooperation with the People's Government of Qianxi County, establishing Guizhou Haonongge Agricultural Products Co., Ltd. In the year, the official name "Shanli" emerged, with the operation of "Shanli E-commerce Beijing Co., Ltd.," a company not found in online systems, and the launch of the "Shanli Youpin" agricultural product brand. This brand has been in use ever since, becoming a symbol of Shanli. In the year, "Shanli Youpin" separated from JD and became an independent e-commerce platform. In the year, Shanli Technology Holding Co., Ltd. was officially established. In other words, Shanli has always been an e-commerce company relying on Guizhou's local specialty agricultural products. Shanli, meaning "mountains + technology."

山哩科技控股有限公司的主业：黔品出山（山哩官网）
山哩科技也在各种发声中强调这一点——山哩的市场目标，是瞄准“新消费”概念。啥是“新消费”？就是互联网引发的新的消费方式。对于山哩来说，就是互联网重构产业链生态引发的新商机——上游链接独有性的特色农产品，中下游链接各种农产品市场生态，从而覆盖全国市场。那么，通过网络技术构建农产品产业链的山哩，怎么又成为盘活不良资产的公司，怎么又搭上融创了呢？让我们再来看看山哩老板的商业轨迹。

The data shows that the boss of Shanli, Deng Guosheng, a man born in a remote and impoverished village in Qianxi County, Guizhou Province, has a deep love for music since childhood. He graduated from the People's Liberation Army University and started his entrepreneurial journey from the second year of university. In the year he graduated from university, Deng Guosheng joined Beijing Doudian Sanren Company, later becoming the Executive Director of Corporate Strategy and the General Manager of Sanren Agricultural and Forestry E-commerce Industrial Park. Sanren Company is a comprehensive enterprise integrating leisure agriculture and rural tourism, beverage and food production and sales, e-commerce, commerce, services, and foreign investment. Deng Guosheng's view at the time was to "incubate green agricultural products from rural areas onto e-commerce platforms, realize the circulation of agricultural trade through online networks, integrate rural land resources, and develop the real estate economy in remote rural areas."

According to media reports, as a native of Qianxi, in the month of the year, with the support of Beijing Doudian Sanren Company and the Qianxi County Big Data Center, Deng Guosheng's investment in the Guizhou Qianxi World Window (Beijing) Business Reception Center was registered with the Beijing Administration for Industry and Commerce. It can be said that deeply promoting Qianxi agricultural products through e-commerce has been what Deng Guosheng has been doing since he started his career. However, in the year, Deng Guosheng also registered Beijing Hongwei Tongda Information Consulting Service Co., Ltd. (a limited liability company wholly owned by a natural person), which later changed its name three times and is now known as "Beijing Global Huawu Trading Co., Ltd.", primarily providing performance costumes to television stations. To date, Deng Guosheng has not only operated a series of companies under the "Shanlixi" brand but has also registered a number of his own companies. These actions show that Deng Guosheng is more than just an entrepreneur. He is constantly brewing and exploring various opportunities for commercial breakthroughs. Variables also occur during these breakthroughs.

In summary, Shanli's core competitiveness lies in building a smart supply chain. The connection of one end of the supply chain to agriculture in Qianxi was coincidental and does not imply that the smart supply chain can only be linked to agriculture. In [month], Shanli Commercial Co., Ltd. was established. Its shareholding structure is as follows: Shanli Technology Holding Co., Ltd. holds 100%, Guizhou Shanli Agricultural and Sideline Food Trading Co., Ltd. holds 10.01%, Hainan Zhongqi Changxing Investment Group Co., Ltd. holds 10%, and Shanli Investment (Hainan) Co., Ltd. holds 10%. Shanli Commercial's flagship product is: Fatong. Fatong was originally designed for legal services, connecting legal services through the internet. At that time, Shanli Commercial aimed to emulate the legal teams of "Longgang Unrivaled" (Huawei Legal), "Nanshan Invincible" (Tencent Legal), and "Haidian Unshakable" (ByteDance Legal). From the six modules designed for Fatong by Shanli Commercial (corporate governance, compliance operation, intellectual property, contract management, labor and personnel, creditor's rights and debts), it is evident that this design was not initially aimed at non-performing assets. However, in the process of exploration, Shanli eventually discovered the blue ocean of non-performing assets.

On a certain date, Shanli announced a significant breakthrough in asset management and legal pursuit. After signing a cooperation agreement with the relevant departments of Xiuwen County, Guizhou Province, the company successfully achieved a "zero" breakthrough in asset management, successfully recovering the initial payment. Guizhou Province is known for its prominent issues with non-performing assets. Through a close encounter with non-performing assets and the successful completion of their disposal, Shanli saw business opportunities and thus entered a "new strategic business" – "deeply penetrating Guizhou Province, partnering with major banks, and providing a comprehensive solution for the disposal of non-performing financial loans through legal, mediation, and litigation integration. Shanli Holdings achieves mediation through a combination of human and internet-based intelligent multi-processing models, leveraging legal technology applications to manage and resolve large-scale, scattered individual loan and consumer finance non-performing asset cases with small amounts. Additionally, it maximizes the value of currently scarce judicial resources."

From agricultural products + internet to e-commerce, from e-commerce to smart supply chains, from e-commerce + smart supply chains to law, and from smart supply chains + law to non-performing assets... Shanli's conclusion is that Shanli can achieve standardization, transparency, and efficiency in the non-performing asset disposal market. Fatong, this smart chain, thus deeply links non-performing assets, finding a new position. According to Shanli's description, by the month and year, the Fatong platform has established deep strategic cooperation relationships with over 10,000 law firms and multiple local authorities nationwide, with a 100% law firm entry rate and a 100% order acceptance rate... Upstream, Fatong can evaluate and acquire non-performing asset packages just like specialty agricultural products, while downstream, it can link law firms and institutions, efficiently processing asset packages through downstream order acceptance. In this structure, Shanli is almost building the "Ele.me" of non-performing assets. Entering this stage, Shanli can engage in capital operations. With its performance of quickly rising to become one of the "Top 100 Private Local Enterprises" nationwide and the Fatong model, Shanli is receiving various financing and investment opportunities. The meeting with Sunac also occurred under such circumstances.

打开山哩科技控股官网，可见山哩挂在上面的三项业务拓展——山哩官网截图
三项业务拓展当中——“家庭农场作坊”，是山哩的农业老本行。“贷后管理咨询服务”，即E法通。“‘京黔’红色旅游项目”，可见，山哩有进军文创的意图。与山哩相比，融创更是大手笔开拓文旅的前辈。与融创密会，“‘京黔’红色旅游项目”可能是双方更现实的洽谈项目。至于不良资产领域（山哩“出镜”的是山哩商业，即E法通），很难说融创能和山哩做怎样的合作，而山哩借着与融创密会的热度，为其“饿了么”计划再添一把柴，才是更加顺手的事。