Chapter 1398 Reaching a Consensus

Lanshan Club.

On the golf course, Li Dong and the others chatted while waving their clubs.

As for how the ball is played, the few people don't care too much, just find something for entertainment.

Ma Yun frowned and said, "Actually, we are facing two biggest problems now.

First, if you want to open up the market, the rate of return must be higher than that of the regular bank.

But once it is higher than the bank's regular period, it is completely against the bank, and our pressure will increase infinitely.

Second, the issue of risk.

Not only the user's risk, but also our risk.

Once faced with large-scale redemption and fund shrinkage, we will be in big trouble.

You said to adopt the T+0 redemption model, the risk of this model is extremely terrible.

Store and retrieve at any time, it's easy to say.

When faced with centralized redemption, we don't even have time to prepare.

Once the funds fail to arrive, the entire Internet financial system will collapse. "

While waving his cue, Li Dong said: "There must be risks, and any business related to finance has its risks.

Nothing more than size!

Our goal is to minimize this risk.

In the early stage, our main investments were short-term bonds, treasury bonds, commercial paper, central bank bills, interbank deposits...

When it stabilizes in the later stage, we can consider corporate bonds with a higher rate of return, social infrastructure projects, and large long-term time deposits...

As for centralized redemption, it actually depends on the credibility of the company.

If the company has sufficient credibility, the probability of this happening is too low.

If the credibility of the company is not enough, then you should find a way on your own. Anyway, the credibility of the company in the distance is still enough.

If there is a real risk, I still have the ability to resist.

In terms of retail, the daily revenue plus the mall is close to 1 billion. As long as the scale of the outbreak is not too large, I am confident that it can resist the past.

Of course, the possibility of this situation happening is very low.

The people of China are the most stable and reliable people in the world.

As long as you don't use their money recklessly and drive them to a corner, there will be no such possibility.

Of course, this is our passive thinking. To be proactive is to do a good job in risk management and control.

We are not professionals, and we cannot manage and control risks comprehensively, so this matter has to be done by professionals. It does not make much sense for us to discuss this now.

Taking advantage of the fact that the economy has just started to recover and everyone is at a loss as to how to invest, the sooner we launch a virtual currency fund, the greater the benefits.

Let me tell you in advance that I'm fast.

At the end of February, I will acquire a fund company, and I will start applying for listing in March.

As long as the approval is passed, I must officially go online before April.

Don't dawdle with me, dawdle for a few months, half a year, a year, then I'll play it by myself.

Although the risk is a bit higher, if I enter the market first, as long as you block the pressure and you companies follow suit, how much money do you want to collect, just daydream.

By the way, let me say one more thing, I am stronger than you, and I can adopt the T+0 mode.

Your strength is weaker, I think T+1 is more suitable. "

Li Dong said very seriously, which is also the truth.

Although the difference between the two is only one day, the meaning is completely different.

T+0 is the Yu'e Bao in the future, which can be deposited and withdrawn at any time.

T+1 is to give the fund company one day of preparation time. If it faces a risk problem, it can have time to adjust and rescue.

Seeing that the two were still thinking, Li Dong said again: "Actually, the risk is smaller than we imagined, and I said store and withdraw at any time, and it's not unlimited.

A maximum limit can be set to reduce this risk.

Today, that's actually what our balance accounts do, and people have accepted this model.

Last but not least, great profits!

After realizing online direct purchase,

Our marginal cost will drop a lot.

At present, according to our survey and statistics, the return rate of large-value bill business and the central bank's large-value fixed-term business in the market is generally above 10%.

Of course, public funds do not have the right to share the proceeds, but commissions can be charged if returns exceed expectations, plus management fees.

If we can absorb one trillion yuan in deposits, according to the estimates given by the Yuanfang Financial Department and the rate of return that satisfies customers, the minimum management fee and custody fee we charge can reach more than 0.6%.

This is 6 billion, and this online direct sales model greatly reduces the cost.

The net profit margin will generally not be lower than 20%, in fact it will only be higher.

With a total scale of one trillion yuan, according to the current market situation, the net profit of the fund company will not be less than 1.5 billion a year, pure return.

In fact, what we care about is not only the return, the rate of return of more than one billion to two billion is secondary.

You have to know, once trillions of savings are absorbed, our traffic portals, that is, our Wanka and Alipay, will bring much additional income!

Also, we can use corporate bonds to absorb and digest part of the funds for our own development.

This is not something that billions of dollars in revenue can represent!

And is the scale of trillions considered large?

There are so many netizens in Huaxia, whoever has hundreds of millions or even hundreds of millions of users, if they can attract hundreds of millions of customers to open accounts and join, the average cost is only 10,000 yuan.

Do you think 10,000 yuan is too much?

In fact, the per capita is definitely more than 10,000 yuan. According to our big data analysis results, as long as 30 million customers use it, the accumulated funds will definitely exceed the trillion scale!

At that time, hey, our influence will be different.

Don't just consider the risk, no one can avoid the risk.

But considering the rewards and benefits, you will know that this risk is nothing. "

"Trillions..."

The eyes of Ma Yun and the two kept flickering, this guy, the pie is so big!

Can it really reach a trillion scale?

In fact, the rate of return of a fund company is really a trivial matter, and the key lies in other things.

Trillions of funds!

Taking out a tenth of it is enough for them to eat their mouths full of oil.

It's not that they really ate the 100 billion, but that the 100 billion is temporarily lent to them through compliance means, and the effect will be different.

With 100 billion, there are too many things they can do!

Internet companies burn money in the early stages.

Ali and Tencent are actually burning money now, but not as fast as before, and with the addition of income, it can be considered as an account.

But what's the use of so little credit every year?

Tencent is considered to be the most profitable among Internet companies. In 2008, its total revenue was 7 billion and its profit was about 2.5 billion.

2.5 billion, is it considered money for a large Internet company?

If you really want to burn money, you can finish it in a month.

If it weren't for Li Dong's support in the distance, there would be no chance to stand up in the early stage.

Of course, Yuanfang is much better now, so they didn't count the profit of the mall, otherwise the B2C platform of Yuanfang Mall is still very profitable, making more money than Taobao.

Ma Huateng pondered for a moment and said, "Isn't April too fast?

It is now mid-February, less than 2 months away from April.

In 2 months, the review may not necessarily pass. "

Li Dong shook his head and said: "It's not too fast, as long as you are willing to work hard.

There are still less than 2 months left, but do you know what 2 months means?

Next, is the explosive period of the mobile terminal.

As early as last year, 3G mobile phones have been put on the agenda by major manufacturers.

On New Year's Day this year, OPPO smartphones were released, making major manufacturers speed up again.

In January, China Mobile customized a large number of 3G TD machines.

Now all companies are working overtime to produce, I suspect that there will be a frenzy in March, and the number of 3G mobile users may break through the 20 million mark!

This explosive growth is continuous, and it is not uncommon to double in April.

Once the number of mobile users exceeds 50 million, the market size will be completely large!

The users who are the first to use the mobile terminal also have the strongest acceptance of Internet finance.

If you don't take the lead in catching these users and get caught by others, then it's nothing to do with us.

Let me remind you first that the virtual currency fund is actually not our first creation.

You are all insiders. You should know that since 1999, PayPal has realized the model of converting the account balance into a monetary fund.

I heard that just recently, PayPal submitted an application for a payment license to the People's Bank of China.

If this is passed, then we will enter Huaxia, and when they come up with this first, we will be ashamed of ourselves. "

Ma Yun snorted and said, "Then they must be able to enter."

"Listen to what you say, you're so unambitious!

It is shameful not to be ashamed to place hope on conditions where others cannot enter!

Since PayPal can enter China, why can't we enter the international market?

I am all ready, as long as I gather enough funds this time, I will have money, and if I have money, I will go abroad to burn the money once.

Weibo, Wanka, Yuanfang Global Shopping Mall, I have to go abroad to grab land!

The point is, we have no money!

How much money can you raise in financing?

And every time we raise funds, our shareholding ratio begins to decline. These investors don’t really give us money to play with, and they have high demands on us.

I see them acting on their faces, that's not my style, Li Dong!

I am different from you, you are used to eating other people's food, I like to eat my own food, I can eat whatever I want..."

While he was talking, he deviated from the topic, and both of them had faces as black as iron.

This guy can't be serious!

The front was okay, but the back started to be out of tune again.

Ma Yun said angrily: "You think you didn't teach enough just now, don't you?"

Li Dong raised his eyebrows and said: "I didn't plan to come just now, what's the matter, you still want to continue when I am prepared?

It's not that I look down on you, I'll hit three with one, and I won't be afraid if you three come together! "

"Get out!"

Ma Yun cursed, then exhaled: "It might be a little hasty in April.

May, with Labor Day as the boundary.

This way we have more time and better preparations.

It's not how much you say, we have to measure it well.

And to be honest, we are indeed not as free as you. We need to account for the shareholders and directors.

Huateng is in more trouble than us. Anyway, I am about to delist, and Tencent is still in the listing stage. "

Ma Huateng nodded and said: "May is my limit, no matter how fast it is, it will be difficult for me to continue.

By the way, do you want to notify Yan Hong? "

Li Dong was stunned for a moment, and then asked after a while: "Do they have a payment system?"

"Hahaha……"

Several people laughed wildly, of course Baidu has a payment system, it is impossible for Li Dong not to know this.

But Baidu's Baifubao, I am afraid few people know about it at this time.

The Youah mall they built is almost a joke at this time.

On Li Yanhong's side, now Li Dong and the others are ignoring it.

What Ma Huateng was thinking just now is that Baidu is one of the Internet giants anyway, and they can block them if they pull it out.

But once Li Dong said this, Ma Huateng didn't want to say any more.

Whether Li Yanhong exists or not doesn't seem to matter much.

As for Baifubao's extremely pitiful market share, what are you talking about? Doesn't this make Lao Li sad?

It is not impossible to enter virtual currency funds through other ports.

The Internet payment system is the most suitable traffic entrance.

The inflow and outflow of funds all pass through the Internet payment system, and other ports do not have this credibility and convenience.

Several people discussed again for a while, mainly because of the general direction.

As for the specific fund model and profit rate, each company has its own ideas, and it's not just a few of them talking about it.

This has to go through actual calculations, data analysis, and market research before the final result can be obtained.

At present, it is enough to reach an agreement on the general direction.

After chatting for a while, several people put down their clubs and returned to the rest area.

Yanagawa Zhi was chatting with Liuqin, knowing that they had something to say, Yanagawa Zhi didn't bother them on purpose.

Entrepreneurs in the business world don't have this bit of vision, so they are in vain.

Of course, people like Li Dong, who knew they were talking about secrets, wanted to go up and overhear a few words.

Seeing them come back, before Liu Chuanzhi could speak, Li Dong said with a smile: "Niece, pour me a cup of tea, my mouth is a bit dry."

Liuqin's body froze, and it took her a long time to laugh, before she dawdled to get him a bottle of mineral water.

Liu Chuanzhi and the three looked at each other, then shook their heads, this guy is hopeless!

Lao Liu didn't bother to continue to teach him. As for her daughter, she had to admit that she was unlucky. No one told her to follow her.

When Li Dong and the others were seated, Liu Chuan Zhicai said, "I won't gossip, but while you are all here, I'll cut to the chase.

The scale of the e-commerce market is getting bigger and bigger, and I hope to talk to you about a comprehensive cooperation.

Lenovo has fully settled in several of your malls to build Lenovo's online brand, open an online brand day, and expand our online sales scale.

In addition, our mobile computer business can also be done similar to the previous cooperation between OPPO and Yuanfang.

To put it bluntly, in China, Lenovo is respected on the PC side, and the mobile side is no exception, cooperate with us..."

Old man Liu crackled and said, but Li Dong yawned and said, "Boss Liu, wash up and sleep, we understand what you mean, and cooperate exclusively with you, right?

Friendship is friendship, business is business, I don’t want a large forest, but you, an old tree, I definitely won’t do it.

Cooperation is possible, and other discussions are free.

Well, for the sake of our eldest niece bringing me water, I will recommend more resources to Lenovo, and forget about the others. "

Liu Chuanzhi's face darkened, before he could speak, Ma Yun also shrugged and said, "I have an opinion with Li Dong on this matter."

Ma Huateng smiled while drinking water: "Don't look at me, I only have instant messaging left now, there is no value for cooperation."

Liu Chuanzhi frowned and said, "Isn't it worth talking about it?

These days, I have been thinking about Lenovo's way out. Although Lenovo's business is still growing, but to tell you guys, the growth rate of performance has begun to decline.

In the field of e-commerce and exclusive cooperation, I think it is very suitable for the current Lenovo.

OPPO mobile phones are unknown, and after cooperating with Yuanfang, their performance has exploded..."

Liu Chuanzhi said very sincerely, and also said that Lenovo has a much greater influence than OPPO and other companies, and has more value for cooperation.

But Li Dong and the others lack interest, and the old man is still a bit old.

Li Dong and the others are targeting all users, and the cooperation with OPPO is only temporary. How can it be possible to cooperate exclusively with anyone.

Lenovo will of course benefit from the exclusive cooperation, but Li Dong and the others have limitations.

The old man had to think about this matter himself, and few people would agree.

Seeing their attitude, Liu Chuanzhi sighed, a few white-eyed wolves, brother, I can't help you if I take care of you like this.

Shaking his head, the old man stopped talking. This matter has to be resolved from Lenovo. If the root problem is not resolved, the former private leader may really be about to fall.

...

A few people chatted for a long time, and everyone was busy and didn't have time to stay in Pingchuan.

Everyone has booked their air tickets, so we have to go back in the afternoon.

When sending them out of the club, Li Dong suggested: "Our remote fleet will have its maiden flight tomorrow, if you don't mind, you can actually wait another day.

When the time comes, I will use the fleet to escort you back. "

Everyone turned a deaf ear, sir, you are a cargo plane!

We've got water in our heads and you're sending us back on a cargo plane?

Seeing this, Li Dong sighed and said, "I don't even cherish it if I save you airfare.

By the way, the route of our maiden voyage has been confirmed, passing through the sky above Lin'an, Ma, I will give you a surprise later. "

Ma Yun said with a dark face: "Thank you, but you can keep it for yourself!

Also, next time you run on me again, I won't be as polite as today.

Needless to say nonsense, before May, we will get things done, we are all reliable talkers, on your side, although you speak nicely, if you lose the chain by then, we will not wait for you. "

"Hehe, let's see who is faster.

Our target audience is all selected, and we can get it done in no time.

I would like to thank you, Lao Ma, for providing me with convenience. "

Li Dong thanked him, but Ma Yun frowned, the convenience I provided you?

This guy often speaks in a cloud.

Too lazy to talk to Li Dong, Ma Yun walked out directly.

When Li Dong didn't give it away anymore, Ma Yun said in a low voice: "Are you still going to fight him when you go back?"

Before, before talking about this matter, Ma Huateng said that he would go to war with Yuanfang when he went back.

But at this time, the situation has changed.

Ma Huateng frowned and said, "Wait a little longer, we'll talk about it after May."

Ma Yun didn't say any more, and several people got into the car and left.