"Credit system?"
Liu Yonghao was stunned. "What do you mean?"
"Boss Liu, our Alipay was first used as a third-party guarantee. The buyer was afraid that the seller would not deliver the goods, and the seller was also afraid that the buyer would not pay. Therefore, our Alipay was introduced with the purpose of being a guarantor for both parties. This way, both the buyer and the seller can rest assured. "
"I understand this. I have to say that your Alipay is very innovative. This also makes e-commerce possible."
"Therefore, it is precisely because Alipay acts as a guarantor that it has the characteristics of credit when it was first established. This made the buyer and seller believe in us, so our Alipay was promoted. Now, Alipay is being used more and more widely. We have also established a user credit system through Alipay. "
"This system judges a person's credit rating through the user's buying and selling behavior, financial situation, and so on. The higher the credit score, the stronger the ability to fulfill the contract. At the same time, we can also achieve the purpose of controlling the risk through his credit score. "
Chen Yu's explanation made Liu Yonghao give a thumbs up. "Amazing, Boss Chen, how did you think of the credit system?"
Although their credit business had not yet started. However, if Huanyu Technologies' Alipay was used as a judgment of the ability to fulfill the contract, then this business was undoubtedly feasible. If the consumer was ready to take out a loan, he could look at his credit score. If the credit score did not reach the required score, then his ability to fulfill the contract would be relatively low and he could refuse to grant the loan. If the credit score was sufficient, it meant that he had a strong ability to repay the loan, and this business would be completed.
Although this did not mean that the credit score could completely eliminate bad loans, the entire loan business was much safer with such a review.
"We were forced to do this by the market. Some of our commercial companies are not like banks. You are the customers begging for loans, we are begging customers to buy things and spend money. You don't have to worry about business at all. If we don't have business, we will go bankrupt … So, we thought of this idea. "
"Boss Chen, look at what you're saying. It's as if our bank is making a lot of money."
Liu Yonghao scolded Chen Yu.
However, although Chen Yu's words were not so objective, the logic was correct.
Why did their bank not engage in credit loan business?
Was it because they did not have money?
That's not true at all.
They just didn't want to have any financial problems.
Of course, they could also think of ways to reduce the bad debt rate.
For example, they could also set up a credit system.
However, because banks didn't have to worry about not having enough business, they wouldn't think in this direction at all.
"Boss Liu, how is it? With my credit system, can you still do this business?"
"Yes, of course."
Liu Yonghao nodded with satisfaction this time.
Although this business didn't seem big, it wasn't.
Think about how many people bought cell phones, computers, and all kinds of electronic devices.
Even if it was a few hundred yuan or a thousand yuan per person, the total amount would still be too much.
Moreover, with Huanyu Technologies's PayPal as a credit guarantee, it was not that there was no bad debt, but it could definitely be reduced to a safe level.
Minsheng Banking would definitely welcome such a business.
There was another problem. Not everyone had a PayPal account.
Actually, it was fine.
It was impossible for Huanyu Technologies to do business with everyone.
As long as there was a group of people from Alipay, this business was already extremely huge.
In fact, Chen Yu's PayPal already had a considerable number of users.
In order to promote PayPal back then, Chen Yu tied the PayPal business to the Internet cafe management software.
The Internet cafe management account was also a PayPal account. Users could also do online shopping through the Internet cafe.
In other words, anyone who knew how to go online basically had a PayPal account.
"If that's the case, then it's settled. I'll send someone to contact Minsheng Banking for the specific operation details."
"No problem."
"Okay, Boss Liu, I won't delay you any further. I'll go back first."
"How can that be? It's rare for you to come here. No matter what, as the host, I have to be a good host."
"I'm really too busy."
"No matter how busy you are, you can still make time. Listen to me this time. Oh right, there's a banquet tonight. There are some big shots in the financial industry. You'll have to deal with them in the future. I'll bring you to meet them. "
"If that's the case, then I'll listen to Boss Liu."
Unable to refuse, Chen Yu could only agree.
…
"Boss Liu, why are you only here now?"
"Didn't I bring a heavyweight guest?"
"Heavyweight? Who are you talking about?"
"Look, you guys have no taste."
That night, Liu Yonghao brought Chen Yu to the banquet.
However, many people were surprised to see Chen Yu beside Liu Yonghao.
They wondered why Liu Yonghao brought a young man.
However, after Liu Yonghao's introduction, everyone's eyes widened. They could not believe it.
"You're Chen Yu?"
"Don't I look like him?"
"No, no … no, Boss Chen, you really surprised us."
When it came to Huanyu Technology, Chen Yu had heard of all of them.
However, not many people had seen him in person.
Although they had not seen him in person, they knew who Chen Yu was.
A person's name was like a tree's shadow. Once Chen Yu's name was mentioned, even a group of big shots in the financial industry would raise their eyebrows.
"Come, come, come. Boss Chen, let me introduce you. This is Boss Huang from the Agricultural Bank of China."
"This is Boss Lee from the China Bank."
"This is Boss Zheng from the Bank of Communications."
"This is Boss Zhang from the Industrial and Commercial Bank of China …"
Those who came were all big shots. The lowest level among them was a vice president.
Chen Yu shook hands with them one by one.
"Boss Chen, I heard that you opened an account for Huanyu's e-commerce business with Minsheng Bank. Can you open a part of the account with our Industrial and Commercial Bank of China?"
After the introduction, Boss Zhang from the Industrial and Commercial Bank of China said.
"Old Zhang, what do you mean? Are you trying to steal business in front of me?"
Liu Yonghao glared at Boss Zhang.
"What do you mean by stealing business? Huanyu's e-commerce business can't be monopolized by Minsheng Bank, right?"
"That's right, Boss Liu. You don't know, but we all have objections."
Boss Lee from the China Bank of China also said.
"No matter what, you should at least give us some."
Boss Zheng from the Bank of Communications also said.
After that, everyone looked at Chen Yu. "Boss Chen, what do you think?"
"Everyone, this is easy to discuss. If there's a chance, we can cooperate more."
Chen Yu did not reject their offer.
When Alipay's business expanded in the future, Minsheng Bank alone would definitely not be able to handle it.
Huanyu Technologies still had to cooperate with a group of domestic banks.
In addition, Chen Yu had to let Alipay maintain close cooperation with the major banks from the beginning.
Otherwise, if Alipay failed to expand and was killed by the banks, Chen Yu would cry his heart out.
One had to know that a business like Alipay seemed to be a third-party payment tool.
However, if it expanded, any bank would be able to take it down.
This was also why Teacher Ma had the confidence to say that if the banks did not change, he would change the banks.
In fact, he did.
However, although he did it, in the development of his previous life, a group of banks also regarded Alipay as their biggest competitor.
At this time, it was not that powerful yet. It was better to keep a low profile.
Moreover, Chen Yu also wanted Alipay to cooperate with them and let the banks have a taste of the benefits.
This way, it would also be a great help to promote Alipay.
"Damn, Chen Yu, if I knew this would happen, I wouldn't have invited you to the banquet."
Liu Yong said gloomily when he saw Chen Yu chatting with everyone with a smile.
If Alipay's business was given to a group of other banks, Minsheng Bank's business would be reduced.
However, the other bosses were all smart. Seeing Liu Yong's gloominess, they said, "Boss Liu, don't be so stingy. Moreover, Boss Chen is a shareholder of Minsheng Bank. Do you think Boss Chen will treat Minsheng Bank badly?"
"That's right. We only want a small share of your business."
"Come, Boss Liu, cheers. I'm so happy to see Boss Chen today."
"Tsk, you guys."
Liu Yong smiled bitterly.
However, he also knew that.
This was something that would happen sooner or later.
Huanyu Technologies would grow bigger and bigger in the future. They would not choose Minsheng Bank alone.
At the same time, from the perspective of capital safety, they could not put all their funds in Minsheng Bank.
Fortunately, Chen Yu was a shareholder of Minsheng Bank. Minsheng Bank would be his first consideration for the future business.
Thinking of this, Liu Yong felt much better.
…
On the other side.
While Chen Yu was attending the banquet, Wu Haijun, the founder of Shenzhou Computer, was thinking.
It was not that he did not want to join Huanyu Technologies at all.
Everyone knew that Huanyu Technologies had a huge platform and great potential.
Shenzhou was only a computer seller. Furthermore, they did not have much technology.
However, Shenzhou was his. He was the boss of Shenzhou.
It was better to be the head of a chicken than the tail of a phoenix. This was the innate thinking of many entrepreneurs.
However, Chen Yu's invitation made Wu Haijun look forward to it.
It would be difficult for him to make the Divine Boat as big as he wanted.
Hence …
Wu Haijun was in a dilemma whether to join or not.
"Zhou Yong, the boss of Huanyu Technologies, Chen Yu, has invited me to join Huanyu Computer. What do you think?"
"Join Huanyu Computer? Why?"
"Huanyu's computer department lacks a capable general. I can fill this gap."
"But what about Shenzhou?"
"Chen Yu wants to merge with Huanyu Computer. However, Shenzhou can continue to be an independent brand. This way, I can still take care of Shenzhou."
"But hasn't Shenzhou been planning to be listed?"
"Listed?"
Not to mention listing, Wu Haijun had almost forgotten about it.
In fact, no entrepreneur would forget about something as important as listing.
However, what if Shenzhou had already submitted three listing applications?
Yes.
A few years ago, Shenzhou had already applied for listing.
However, the first time, it was rejected very quickly.
Wu Haijun was not discouraged. He continued to apply for listing in the second year.
However, the second time, it was rejected.
Wu Haijun continued to apply for listing, but the third time, it was rejected.
In the fourth year, which was 2005, Shenzhou applied for listing again.
At the moment, the higher-ups had not approved it. However, Wu Haijun was already feeling a little tired.
They did not know how long they had been planning to get listed, but they had failed time and time again.
"Zhou Yong, do you think we can get listed this time?"
"Is there a high chance?"
Zhou Yong said, "A few days ago, the major brokerages revealed to us that the higher-ups should be able to approve our listing application very soon. Furthermore, our sales this year have been very good. There is a high chance that we can get listed. "
"I hope so."
Wu Haijun certainly hoped that they could get listed.
However, he could not control this kind of thing.
However, at the thought of getting listed, Wu Haijun's invitation to Chen Yu slowed down.
No matter what, they would wait and see if the higher-ups approved it first.
A few days later.
There was news from the higher-ups.
Shenzhou's listing application was rejected for the fourth time.
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