Lanshan Club.
On the golf course, Li Dong and the others chatted as they swung their clubs.
As for how well they played, they did not care too much. It was just a pastime.
Ma Yun frowned and said, "In fact, we are facing two biggest problems.
First, if we want to open up the market, the rate of return must be higher than the bank term.
But once it is higher than the bank term, we will be standing on the opposite side of the bank, and the pressure on us will increase infinitely.
Second, the problem of risk.
Not only the user's risk, but also ours.
Once we face large-scale redemptions and fund shrinkage, we will be in big trouble.
You said to adopt the T + 0 redemption model, but the risk of this model is extremely terrifying.
It is easy to say that we can withdraw as we like.
When faced with a concentrated redemption, we will not even have time to prepare.
Once the funds are unable to enter the account, the entire internet financial system will collapse. "
Li Dong swung his club and said, "There is definitely a risk. Any business related to finance has its own risk.
It is just a matter of size!
Our goal is to minimize this risk.
In the early stage, we mainly invest in some short-term bonds, treasury bonds, commercial bills, central bank bills, interbank deposits …
When the later stage stabilizes, we can consider corporate bonds with a higher rate of return, social infrastructure projects, large long-term term deposits …
As for the concentrated redemption, it actually depends on the credibility of the enterprise.
If the enterprise has enough credibility, the probability of this happening is too low.
If the enterprise does not have enough credibility, then think of a way. Anyway, the enterprise Far away has enough credibility.
If there is really a risk, I still have the ability to withstand it.
Far away, in terms of retail sales, the daily revenue including the shopping mall is close to 1 billion. As long as the scale of the outbreak is not too big, I am confident that I can withstand it.
Of course, the probability of this happening is very low.
The people of Hua Xia are the most stable and most reliable in the world.
As long as you do not use their money unscrupulously and force them to a dead end, there will not be such a possibility.
Of course, this is our passive thinking. Be more proactive, that is to do a good job of risk control.
We are not professionals, and we cannot control risk in all aspects. Therefore, this matter still needs to be done by professionals. There is not much meaning in discussing this now.
Now that the economy has just begun to recover, and everyone is at a loss about how to invest, the sooner we release the virtual currency fund, the greater the profit.
Let me tell you in advance that I'm very fast.
At the end of February, I will acquire a fund company, and in March, I will start applying to go online.
As long as it's approved, I'll be officially online before April.
Don't dawdle with me. If you dawdle for a few months, half a year, or even a year, then I'll play by myself.
Although the risk is higher, if I enter the market first, as long as I can withstand the pressure, how much more funds will you want to collect? Keep dreaming.
Oh right, I'll say one more thing. I'm stronger than you guys, so I can use T + 0 mode.
You guys are a bit weaker, I feel that T + 1 is more suitable. "
Li Dong spoke very seriously, and this was the truth.
Even though the difference between the two was only a day, the significance was completely different.
T + 0 would be the future Yu 'e Bao, which could be taken at will.
T + 1 would give the fund company a day to prepare. If there was a risk, they would have time to adjust and rescue.
Seeing that the two of them were still thinking, Li Dong said, "Actually, the risk is smaller than we thought. I said that we can store and take as much as we want, but it's not unlimited.
We can set a maximum limit to reduce this risk.
Now, our balance account is actually doing this, and everyone has already accepted this model.
Finally, I want to add that the profits are huge!
After the implementation of online direct buying, our marginal costs will be reduced by a lot.
Currently, according to our survey statistics, the return on the large-denomination bill business and the central bank's large-denomination fixed deposit business in the market is generally more than 10%.
Of course, public funds have no right to share the profits, but they can charge a commission if the returns exceed expectations, plus management fees.
If we can absorb one trillion deposits, according to the estimates given by the financial department Far Away, and after giving customers a satisfactory rate of return, the management and custody fees we charge can reach at least 0.6% or more.
That would be six billion, and this online direct selling model will greatly reduce the cost.
The net profit margin will generally not be less than 20%, and in fact, it will only be higher.
With a total scale of one trillion, according to the current market, the net profit of the fund company will not be less than 1.5 billion a year, a pure return.
In fact, we don't just care about this return. The return of one or two billion is secondary.
You have to know that once we absorb one trillion deposits, our traffic entrance, which is our Wantoon and Alipay, will bring a lot of additional benefits!
Also, we can use corporate bonds to absorb and digest a part of the funds for our own development.
This is not something that can be represented by a few billion!
Is one trillion considered a large scale?
There are so many netizens in Hua Xia, and each of them has hundreds of millions of users. If we can attract hundreds of millions of customers to open accounts and join, it will only be 10,000 yuan.
Do you think 10,000 yuan is a lot?
In fact, it is more than 10,000 yuan per person. According to our big data analysis, as long as 30 million customers use it, the deposited funds will definitely exceed one trillion!
At that time, hehe, our influence will be different.
Don't just think about the risks, no one can avoid risks.
But when you consider the returns and profits, you will know that this little risk is nothing. "
"One trillion …"
Ma Yun and the other's eyes kept flickering. This guy is drawing a big pie!
Can it really reach one trillion?
In fact, the return on the fund company is really a small matter. The key is still something else.
One trillion funds!
Taking out one-tenth of it is enough for them to eat until their mouths are full.
It is not that they will really eat the 100 billion, but through legal means, temporarily lend them 100 billion, and the effect will be different.
With 100 billion, they can do a lot of things!
Internet companies burn a lot of money in the early stages.
Ali and Tencent are also burning money now, but it is not as fast as before. In addition to the income, it is considered to be in the accounts.
But what is the use of such a small amount of income every year?
Tencent is now the most profitable among the Internet companies. In 2008, the total revenue was 7 billion, and the profit was about 2.5 billion.
2.5 billion. Is that considered a lot to a large Internet company?
If they really want to burn money, they can burn it all in a month.
Far Away, if not for Li Dong supporting them, they will not have a chance to stand up in the early stages.
Of course, Far Away is much better now, but they did not include the profits of the shopping mall. If not, a B2C platform like Far Away Mall will still be very profitable, much more than Taobao.
Ma Huateng pondered for a moment and said, "Isn't April too fast? It's already mid-February, less than two months to April. We might not even pass the audit in two months' time. "
Li Dong shook his head and said, "It's not fast, as long as you are willing to put in the effort.
There are less than two months left, but do you know what two months means?
Next, it will be the explosive period for mobile devices.
As early as last year, 3G mobile phones had been put on the agenda by all major manufacturers.
This year, on New Year's Day, OPPO smartphones were released, and all major manufacturers increased their speed again.
In January, Mobile ordered a large batch of 3G TD phones.
Now, all the manufacturers are working overtime to produce, and I suspect there will be a craze in March. The number of 3G mobile users might exceed 20 million!
This explosive growth will continue, and it will not be surprising if it doubles in April.
Once the mobile users exceed 50 million, the scale of the market will be huge!
And the users who are the first to use mobile devices will be the most receptive to Internet finance.
If you do not capture this group of users first and get caught by others, there will be nothing left for us.
Let me remind you that virtual currency funds are not the first of us.
You are all in the industry, and you should know that since 1999, PayPal has started converting account balances into virtual currency funds.
I heard that recently, PayPal submitted a payment license application to the People's Bank of China.
If this passes, we will be able to enter Huaxia. When the time comes, they will come up with this first, and we will be embarrassed. "
Ma Yun snorted and said, "They must be able to enter first."
"Listen to what you said. You have no ambition!
How can you place your hopes on others not being able to enter? That's embarrassing!
Since PayPal can enter Hua Xia, why can't we enter the international market?
I'm all prepared. As long as we gather enough funds this time, we will have money. When we have money, we will go overseas to burn our money.
Weibo, Wantoon, Far away from the Global Shopping Mall. I will go overseas to fight for territory!
The main problem is that we do not have money!
How much can we raise for financing?
Also, every time we raise funds, our shareholding ratio will start to decline. These investors are not giving us money to play with, and they have high expectations of us.
I will act according to their wishes. That is not my style, Li Dong's!
I am different from you. You are used to eating other people's rice. I like to eat my own rice. I can eat whatever I want … "
As he spoke, he changed the topic again. Both Ma Yun and Ma Yun's faces were as black as iron.
This fellow, can't he be serious?!
He was fine at the start, but he started to get out of tune at the end.
Ma Yun said angrily, "Are you thinking that the lesson just now was not enough?"
Li Dong raised his eyebrows and said, "I was not prepared just now. Why? You still want to continue when I am prepared? It's not that I am looking down on you. I am not afraid even if the three of you come at me together! "
"Get lost!"
Ma Yun cursed and exhaled. "If it's in April, it might be a little rushed.
May, with Labor Day as the boundary.
This way, we will have more time, and we can prepare better.
It's not up to you to decide. We need to weigh the pros and cons.
To be honest, we do not have as much freedom as you do. We need to answer to the shareholders and board of directors.
Huateng is in more trouble than us. I am going to be delisted soon, and Tencent is still in the listing stage. "
Ma Huateng nodded. "May is my limit. Any faster, and it will be hard for me to continue. Oh, should we inform Yanhong? "
Li Dong was stunned for a moment. After a while, he asked, "Do they have a payment system?"
"Hahaha …"
The few of them burst into laughter. Of course, Baidu had a payment system. Li Dong should know about this.
But not many people knew about Baidu's Baidu.
The shopping mall that they had built had almost become a joke at this time.
Li Dong and the rest had forgotten about Li Yanhong.
Ma Huateng was thinking that Baidu was one of the giants of the internet, and they should be able to block the attack.
But after Li Dong said this, Ma Huateng did not want to talk about it anymore.
Li Yanhong's existence did not seem to be necessary.
With Baidu's pitiful market share, what was the point of talking about it? Wouldn't it make Old Li sad?
The virtual currency fund could also be accessed from other ports.
But the internet payment system was the most suitable entry point.
The inflow and outflow of funds were all through the internet payment system, and other ports did not have this credibility and convenience.
The few of them discussed for a while, and the main point was the general direction.
As for the specific fund model and profit margin, everyone had their own ideas, and it was not something they could decide on.
They had to go through actual calculations, data analysis, and market research before they could come up with the final result.
For now, they only needed to agree on the general direction.
After chatting for a while, the few of them put down their clubs and returned to the rest area.
Liu Chuanzhi was chatting with Liu Qin, and Liu Chuanzhi knew they had something to say, so he did not disturb them.
As an entrepreneur in the business world, it would be a waste if they did not have the foresight.
Of course, they could not rule out people like Li Dong, who knew they were talking about confidential matters and wanted to eavesdrop.
Seeing them return, before Liu Chuanzhi could say anything, Li Dong laughed and said, "Niece, pour me a cup of tea. My mouth is a little dry."
Liu Qin's body stiffened, and after a while, she laughed dryly and took some time to get a bottle of mineral water for him.
Liu Chuanzhi and the rest looked at each other and shook their heads. This guy was hopeless!
Old Liu could not be bothered to continue lecturing him. As for his daughter, she could only blame it on her bad luck. Who asked her to tag along?
After Li Dong and the rest sat down, Liu Chuanzhi said, "Let's not talk about small talk. Since all of you are here, I'll get straight to the point. The scale of the e-commerce market is getting bigger, and I hope to discuss a comprehensive cooperation with all of you. The Association will enter all of your shopping malls and build the Association's online brand. We will start the Online Brand Day and expand the scale of our online sales. In addition, our mobile phone and computer businesses can also do something similar to the cooperation between OPPO and Far away. To put it bluntly, in Hua Xia, the PC Association is the most respected, and the mobile phone industry is no exception. If you cooperate with us … "
Old Liu rattled on, but Li Dong yawned and said, "Boss Liu, wash up and go to sleep. We understand what you mean. You want to have an exclusive cooperation with all of you, right? Friendship is friendship, but business is business. I don't want a large forest, but an old tree like yours. I definitely won't do it. Cooperation is fine, but other things are off the table. Well, on account of our niece bringing me water, I will recommend more resources to the Association. Forget about the rest. "
Liu Chuanzhi's face darkened. Without waiting for him to speak, Ma Yun shrugged and said, "I agree with Li Dong on this matter."
Ma Huateng smiled as he drank water. "Don't look at me. I'm only left with instant messaging. There's no value in cooperating."
Liu Chuanzhi frowned and said, "There's no value in talking about it? These days, I have been thinking about the Association's future. Although the Association's business is still growing, I'm not going to hide it from all of you. The growth rate has started to decline. I feel that the current Association is very suitable for the field of e-commerce and exclusive cooperation. OPPO's mobile phones are not well known, but after cooperating with Far away, their sales increased explosively … "
Liu Chuanzhi said it very sincerely. He also expressed that the Association was much more influential than companies like OPPO, and there was more value in cooperating with them.
But Li Dong and the rest were not interested. The old man was getting on in years.
Li Dong and the rest were facing all users. The cooperation with OPPO was only temporary. How could they cooperate with anyone exclusively?
The Association would definitely benefit from an exclusive cooperation, but Li Dong and the rest would be limited.
This was something that the old man could think about. The rest would not agree to.
Seeing their attitude, Liu Chuanzhi sighed. These ingrates. I take care of you so much, but I can't help you.
The old man shook his head and did not say anything else. This matter had to be resolved from the Association's side. If the root of the problem was not resolved, the former number one in the private sector might really fall.
…
The few of them chatted for a long time. They were all busy people and did not have the time to stay in Pingchuan.
Everyone had booked their plane tickets and had to go back in the afternoon.
When sending them out of the club, Li Dong suggested, "Our Far away fleet will make its first flight tomorrow. If you don't mind, you can actually wait another day. At that time, I will escort you back with the fleet. "
Everyone turned a deaf ear. Damn it, that's a cargo plane!
We are stupid. How can we let you send us back with a cargo plane?
Seeing this, Li Dong sighed and said, "I'm saving you the plane tickets, but you don't even cherish it. By the way, our first flight route has been confirmed. It will pass over Lin 'an. Old Ma, I will give you a surprise later. "
Ma Yun said with a black face, "Thank you, but you can keep it for yourself! Next time, if you make fun of me again, I won't be so polite as today. Don't talk nonsense. We will settle the matter before May. We are all reliable people. Although your words are nice, if you drop the ball at that time, we will not wait for you. "
"Haha, let's see who is faster. We have chosen our target, and it will be settled soon. I have to thank you, Old Ma, for providing me with convenience. "
Li Dong thanked him, but Ma Yun frowned. I provide you with convenience?
This guy's words were always clouded in the clouds.
Too lazy to talk to Li Dong, Ma Yun went straight out.
When Li Dong stopped sending them off, Ma Yun whispered, "Will you go back and fight with him?"
Before they talked about this matter, Ma Huateng said that he would go back and fight with Far away.
But at this time, the situation changed.
Ma Huateng frowned and said, "Let's wait a little longer. Let's talk about it after May."
Ma Yun did not say anything more. They got in the car and left.
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