On the morning of the 2nd of May …
Far Away released data to the public. On the 1st, Far Away Mall's total sales exceeded the 3 billion mark, reaching 3.2 billion. Once again, it created a miracle in the online shopping market in a single day!
This time, no one stood out to expose them. Not long after Far Away released their data, Taobao followed suit and released a revenue of 2.5 billion.
Similarly, no one said anything.
After that, Jingdong released an extraordinary figure of 300 million in a single day. Again, it didn't cause much of a stir.
In fact, for Jingdong, 300 million was an astronomical figure.
In 2008, Jingdong's annual transaction volume skyrocketed.
Driven by Far Away, the entire online shopping market was particularly active in 2008. Jingdong's transaction volume in 2008 far exceeded that of his previous life.
In his previous life, Jingdong's transaction volume had just exceeded 1 billion in 2008.
In this life, Jingdong's transaction volume had reached 3 billion in 2008. It had almost doubled.
However, under the cover of Far Away and Taobao, almost no one paid attention to Jingdong.
3 billion was not even a fraction of the two parties.
In 2009, according to the data released by Jingdong, the first quarter's transaction volume had reached 2 billion. It had already exceeded expectations.
Now that they had achieved 300 million in a single day, regardless of whether the data was exaggerated or not, the data should have satisfied Jingdong.
Unfortunately, Far Away's data was more than ten times that of Jingdong's. Taobao's was also more than eight times that of Jingdong's. The outside world was talking about these two parties. Not many people really paid attention to Jingdong.
Tencent, on the other hand, was very quiet this time because of the merger. There was almost no movement this time.
Even for the previous mall event, according to the original agreement between the two parties, Tencent would be the main focus of promotion. This time, he chose to participate in it quietly and did not do too much promotion.
Of course, this was something that almost everyone could understand.
At this juncture, if Tencent still helped to promote Far Away, others would not say that he was magnanimous. They would only scold Tencent for being stupid.
This was not an ordinary business competition. In the past, Far Away and Tencent competed in many areas. It was not the first time they had a war of words. In the blink of an eye, it was not the first time they had worked together.
However, this time was different. This was Tencent's life and death situation.
At this juncture, Ma Huateng did not care about what the outside world said about him. He did not care about what the outside world said about him.
At this moment, talking about poise and bearing was something only an idiot would do.
…
Shenzhen.
Ma Huateng did not go to sleep before Ma Yun.
When Distance announced the Merchant Shop's data but did not mention Yu 'e Bao, Ma Huateng suddenly said, "Tomorrow, we will start promoting Wealth Management on a large scale! Remember, when you're promoting the Wealth Management Guide, don't forget to mention Yu 'e Bao. The amount of funds that they're taking in is a hundred times more than ours! On the 1st, we've taken in 12 million funds, and Yu 'e Bao has at least 1.2 billion! This is only the first day. So far away from Yu 'e Bao, we have absorbed at least 30 billion in a month. Li Dong claimed that he wants to build a trillion-scale virtual currency fund product and achieve the goal within half a year. I believe that Li Dong has the ability to do so! "
Ma Huateng said the last sentence with great certainty.
It wasn't that he truly believed that Li Dong could accomplish this goal, but whether he believed it or not, he wanted everyone to believe it!
Especially financial institutions!
What did trillions of dollars mean?
According to the 2008 data released by some institutions in early 2009, Hua Xia's total deposit balance was less than 48 trillion, of which the household deposit balance was 22 trillion.
This does not mean that the savings of the residents in 2008 were 22 trillion. This 22 trillion was the total savings of the financial institutions over the years!
In fact, in 2008, there was a total of 4.5 trillion in savings.
This was the amount of deposits that all the financial institutions in Hua Xia had absorbed in a year!
As for financial institutions, there were not only banks, but also trust, insurance, funds, and securities companies.
Of course, other than banks, there were not many savings businesses in other financial institutions.
However, even if it was just banks, how many banks did Hua Xia have?
With so many banks added together, including the local banks, according to statistics, there were thousands of large and small banks!
Thousands of banks had absorbed 4 trillion of residents' deposits in a year.
And Far away?
A private enterprise and a very small fund company had to absorb trillions of dollars in half a year.
Although it was nominally a fund management, not a deposit.
In fact, was the T + 0 model of Yu 'e Bao really not a deposit?
And it was a current deposit!
If it was really done by Far away, it was equivalent to Far away snatching 20% of the deposit business of the financial institutions in the country!
Not just one or two, but the whole country!
The funds absorbed by his fund was even more than the total amount of residents' deposits absorbed by several major state-owned banks in a year. Did it really not affect the financial institutions?
Trillions of dollars flowed into the fund management products, and it did not flow into the banking system. Did this money appear out of thin air?
Or was this trillions of dollars really the money that the residents hid at home and were unwilling to deposit in the bank?
But the settlement channel of the Wan Tao card was not not through the bank.
This money did not flow into the Wan Tao card, but stayed in the bank!
Now, because the Wan Tao card worked with many banking institutions, customers did not uniformly go through the same bank to transfer funds, so the feeling was not too obvious.
However, when this scale expanded to tens of billions, then it was obvious!
Far away did not publicize it, and Ma Huateng immediately realized the other party's purpose. Low-Key development!
High-profile publicity in the early stage, but when the results were really achieved, low-key was actually very in line with Li Dong's style.
Making a fortune in silence was something that many people were doing.
High-profile when it was time to be high-profile, low-key when it was time to be low-key. Was Li Dong not afraid of being opposed by the financial institutions?
In the past, when the "blacklist" of financial institutions was released, it led to the bankruptcy and liquidation of many companies.
Sanlian had just closed down. In fact, Sanlian was not the only company that entered the blacklist that year. There were many companies that entered that year, and they all ended up very miserable. They either closed down or declined.
Could Li Dong withstand it?
Li Dong said that Far away was strong, which was not a lie. It was also not a lie to say that the industry had a better foundation than the Internet.
However, Internet companies were a little different from industrial companies. Industrial companies liked to burn money from banks, but Internet companies generally burned money from capital institutions.
The debt ratio of Internet companies was generally not too high because it was more difficult for them to get loans. They mainly chose financing and diluted their shares.
Industrial companies were actually also financing, but the financing target was mainly banks.
Far away's physical industry was not weak, and at the same time, it had a lot of loans.
Far away claimed to have total assets of 400 billion, but its net assets were only about 300 billion, of which 100 billion was debt.
These debts were also money.
Where did this money come from?
It was mainly from bank loans!
Faraway Group's loans from major banks were at least as high as 80 billion.
Unlike Ali and Tencent, Internet companies like them really did not have many loans. If they offended the banks, even if they were banned, the difficulty would not be too big. Far away.
Far away's physical industry, which they were proud of, was a disadvantage at this time.
Once they angered the financial institutions, it would lead to Far away being banned and being asked for money.
Even with the government's support, Far away would have to compromise and admit defeat. It was necessary to pay back a sum of money. In addition, businesses like Yu 'e Bao and even Wan Tong, Far Away may choose to reduce the scale on their own to appease the financial institutions.
Therefore, Far Away was low-key, but Tencent could not let him be low-key!
The more low-key, the more it showed that Far Away's Yu 'e Bao was doing well.
Although Ma Huateng did not know how much money Far Away had absorbed on the first day, it would not be too little anyway.
No matter how much, even if it was only 100 million, even if Li Dong did not brag, Ma Huateng did not mind doing it for him this time!
Tencent executives, who had worked overtime for a few days in a row, heard Ma Huateng's words, first thought for a while, and then someone said seriously, "It is necessary to do a good publicity!
With Li Dong's ability and reputation, as well as the public's trust in him.
Absorbing trillions of funds would be a piece of cake!
Not just trillions, I think by the end of the year, even two trillion is possible!
Of course, this is only the first day, we can slowly prepare. Now that the funds absorbed are not much, we can help with the publicity for a few days for free.
When the holidays are over, we can publicize that Yu 'e Bao has already absorbed billions of funds on Labor Day, creating history, creating a miracle, surpassing the financial institutions … "
Everyone began to suggest that attacking Wei to rescue Zhao might also be Tencent's chance of survival.
Once the financial institutions attacked, it would be more of a headache than the major companies. Far Away would not have the energy to focus on expansion, and whether they had the ability to expand, these were all big problems.
Seeing the others talking, Ma Huateng lit a cigarette and smoked, looking a little bleak.
Zhang Zidong sat next to him and did not participate in the discussion.
Compared to others, Zhang Zidong could actually understand Ma Huateng's thoughts better.
Seeing that the others were still discussing, Zhang Zidong said softly, "Now that things have come to this, you can't blame us for being unscrupulous, nor can you blame us for destroying the future of the entire IT industry. Internet finance may die this time, but it's not all our fault. "
Only from their perspective could they understand Ma Huateng's feelings.
In fact, whether it was Ma Huateng or the other IT giants, they did not want to use this method.
Far Away sanctions on financial institutions were not just Far Away!
The Internet finance system, other than the gradually maturing payment system, was just starting to develop.
Everyone actually hoped that this market could be expanded!
Was everyone not willing to seize the market of financial institutions?
Yes!
Ma Yun was willing, Ma Huateng was also willing, including Li Yanhong, who was not doing very well in Internet finance. He was also willing.
Everyone was pushing, hoping that this market could be expanded, so that Internet companies would have more influence and social influence.
Therefore, everyone was working hard for this goal in the early stages.
Including Tencent, who was also working hard for this goal.
But at this moment, Ma Huateng gave up on this. Perhaps, because of his actions, the concept of Internet finance might completely disappear, leaving only Internet payments.
Was this what he wanted to see?
No!
But he had no other choice. Just like what he said before, whether it was going to be a stink for thousands of years or be famous for thousands of years, he did not want to die quietly.
Seize every opportunity, even if it would cause a heavy blow to the IT industry, he would not hesitate!
Now that Internet finance was dead, it did not mean that it would always be dead. Three years later, five years later, when the entire environment had changed, if Tencent was still alive, he could still continue to push.
If three to five years later, Tencent was gone, could he still care about the future of the entire industry?
Zhang Zidong also understood this point and saw through it, which was why he comforted him.
As for the others, maybe they saw through it, maybe they did not. It did not matter.
In their eyes, Tencent could not even protect himself, how could he think about the future?
If they did not get through this, they would have to face attacks from Far away at any time. Facing the pressure from Far away, everyone had had enough of such pressure.
As long as they could cause big trouble for Far away, they did not mind bearing some infamy.
Furthermore, who knew if it was really a bad thing?
Was the expansion of the Internet finance market and scale really a good thing?
Ordinary people, did they really care about this?
Even among the giants in the IT industry, there were only a few who really cared.
At least for now, even if Tencent destroyed Far away's promotion plan, Ma Yun and Li Dong would at most curse.
Therefore, no one would mention this, and they would let them curse.
If Li Dong did not bully them too much, everyone would be happy to promote this market together.
But Li Dong insisted on forcing them, so they could not blame Tencent for being unscrupulous and disregarding the consequences.
…
This night was not peaceful.
When dawn came, Li Dong boarded his private plane with his family, and Tencent also began to promote his financial management.
Ordinary people did not think much, but some industry insiders felt a little strange.
At this time, Tencent still had the time to promote this?
The 2nd and 3rd happened to be Saturday and Sunday, next to Labor Day, so the Hong Kong stock market was closed for three days, and the market would only open on the 4th.
What Tencent should do at the moment was nothing else but to appease the people. In these few days, it should let the shareholders who held Tencent shares rest assured and regain their confidence, so that the market would not plunge again on the 4th.
But was financial management a means to appease the people?
Moreover, when Tencent was promoting financial management, there was another kind of voice on the Internet, which was full of contempt and disdain.
There were many disdainful posts on major forums.
"Why is Tencent still doing these gimmicks? How bad is financial management? It's not on the same level as Far away's Yu 'e Bao!"
"That's right, Far away didn't say anything, and Tencent still has the nerve to boast. Don't you have any shame?"
"I deposited 100,000 in Yu 'e Bao yesterday. Today is Saturday, and the interest will only be paid on Monday. I don't know how much money there is. As for financial management, whoever saves money is stupid. "
"The person above is right. I also deposited 50,000 in Yu 'e Bao. I believe that Brother Pao will make a lot of money! As for Tencent, forget it! "
"…"
On the Internet, it was almost one-sided. Not many people spoke up for Tencent, and they were all full of praise for Yu 'e Bao.
Some of the words that Li Dong and Ma Yun said at the Internet conference, including Ma Yun's "change of the bank", were also used on Li Dong at this time.
The onlookers did not think much and just followed the trend. Anyway, it was not the first time that Brother Pao was praised.
However, some people saw this scene, and their expressions changed.
You've already exceeded your reading limit for today. If you want to read more, please log in.
Login
Select text and click 'Report' to let us know about any bad translation.
