Rebirth began in 2004

In addition to WeChat, Xiaoju Technology also has a company called Chengcheng Jiutian Financial Services Company.

Jiutian Financial Services has only one product: Jiutian Pay.

Jiu Pay serves as the backend processing end of WeChat Pay. That is to say, all transfers, transactions, payments, etc. of WeChat Pay are processed by Jiu Pay.

Xiaoju Technology is currently under a lot of operating pressure, and both WeChat and Jiu Pay require huge computing power.

In order to achieve huge computing power, it is natural to need a network center.

These all require money.

Jiu Pay and WeChat are now free products.

In other words, Xiaoju Technology is losing money every day.

So Chen Wei is ready to start financing.

Using his own money to develop step by step has never been what Chen Wei does.

Chen Wei thinks it is worth selling some equity and allowing the company to obtain much-needed development funds.

As for whether companies will be kidnapped by capital?

Then it depends on Chen Wei himself.

Chen Wei is not prepared to hand over the controlling rights of Xiaoju Technology. He will ensure control of Xiaoju Technology.

The amount of financing raised by Xiaoju Technology this time will be extremely large.

But the valuation of Xiaoju Technology obviously does not satisfy Chen Wei.

How can we increase the valuation of Xiaoju Technology?

Chen Wei couldn't help but fell into deep thought.

Perhaps, it’s time to launch Yu’E Bao!

As long as Yu'e Bao is launched, Xiaoju Technology's valuation will directly reach the sky.

Moreover, by then, the self-hematopoietic ability that Xiaoju Technology has been troubled by will be completely solved.

This point is undoubtedly the most important thing.

So what exactly is Yu’E Bao?

In fact, it is a currency fund.

Transfer money into Yu'e Bao and buy a currency fund.

"You submit a list of fund management companies suitable for acquisition. In addition, the financing of Xiaoju Technology can also be officially started. Based on a valuation of US$26 billion, the investment source is mainly state-owned assets."

Everyone's eyes couldn't help but froze for a moment. Why did the boss specifically emphasize that state-owned assets are the mainstay?

You must know that state-owned assets generally invest in infrastructure projects.

However, there are also some state-owned assets in the country that have a good investment perspective.

In fact, after the meeting, Chen Wei contacted Yang Hongmei, hoping that she could be a matchmaker to see if Shuchuan was interested in investing in Xiaoju Technology.

The market economy has been in existence for so many years. After the initial discomfort, state-owned assets quickly adapted to the market.

Private capital is indeed flexible and bold in operations, but this kind of flexibility and boldness does not only have advantages and no disadvantages.

In fact, the disadvantages are not small.

Being bold means that it will carry out radical business strategies.

Radical business strategies, along with high returns, are also accompanied by high risks.

In other words, the operation of private capital is prone to various problems.

Private enterprises are the most likely to go bankrupt because private capital is generally relatively weak in terms of strength.

The state-owned assets are different. Although the business strategy is mainly conservative, there will be investment losses. But overall, the state-owned assets are steadily increasing in value.

Just like the tortoise and the hare, the hare reaches the finish line first while the tortoise is slower, but can still reach the finish line.

Rabbits run fast and fall easily.

But the turtle does not, it is very stable.

Yang Hongmei said very strangely: "Why do you specifically want state-owned assets to invest in it?"

Chen Wei: “Because Xiaoju Technology will be very strong in the future, I’m worried that I won’t be able to catch it.”

Xiaoju Technology itself is not strong, but Jiutian Financial Services, a subsidiary of Xiaoju Technology, will be very strong.

Jiutian Financial Services will launch a lot of new businesses in the future, and these businesses will slightly change the domestic financial market.

The shocks in financial markets have always been severe.

Yang Hongmei couldn't help but frown, feeling confused: "Is there anything else you can't handle?"

"I'm not extremely powerful. How can I catch everything? The main thing is Jiutian Financial Services. I have told them to prepare to acquire a fund management company. And this fund management company will be placed in Jiutian Financial Services Group."

Under the name of the service."

"Are you ready to enter the financial market?"

Yang Hongmei was surprised.

In Hengtong Group, Yang Hongmei also set up a dedicated financial investment department, which is mainly responsible for financial investment.

For example, buying and selling stocks, futures, etc.

It actually made a lot of money for Hengtong Group.

Chen Wei knows about the investment department of Hengtong Group.

Therefore, Yang Hongmei feels that if Chen Wei wants to enter the financial market, he should not bypass Hengtong Group.

"It's a monetary fund. Now our WeChat and Jiu Pay have over 100 million users. What if we connect the interface for purchasing funds to WeChat and Jiu Pay?"

"Moreover, it also displays the daily income of the fund in real time. The income is much higher than simply depositing money in the bank, more than ten times higher. And the income is every day, you think users will use their change to buy this currency

Fund?"

When a fund management company sells funds, how many people can generally buy it?

Definitely not too much.

Because investment and financial management is a relatively professional matter.

Most people don't have this concept at all.

Just depositing money in the bank to earn interest is their way of managing money.

Otherwise, where did the huge amount of residents' deposits come from.

Yang Hongmei understood what Chen Wei meant.

The sales group of this fund is aimed at a broad range of users.

"Wealth is attractive to people. You can give me an income that is more than ten times higher than bank interest. I am tempted. But please don't act recklessly!"

"This is really not messy. As I said before, I am going to launch a service called Yu'e Bao, which will allow users to use their spare money to buy currency funds. The income of currency funds has always been relatively stable. Mainly borrowing money

The risk of lending funds to banks is extremely low."

Lending funds between banks is a normal thing and there is nothing strange about it.

Yang Hongmei thought about it carefully and found that there was no problem with Chen Wei's plan.

It is also allowed according to regulations.

"I'll contact you about the investment, but don't have high expectations."

Chen Wei: "I don't think a few million is too little, and I don't think a few hundred million is too much. This time I plan to raise 17 billion RMB, so the number of shareholders I'm looking for will be quite large."

In fact, one company has also paid direct attention to Xiaoju Technology's financing.

That's Penguin.

If Xiaoju Technology wants to raise funds, it naturally has to disclose its operating data to investors.

This is also the first time that WeChat data has been made public.

In the past, Xiaoju Technology has never announced to the public how many users it has.

Now it is suddenly announced that there are more than 100 million registered users, which is simply shocking.

However, after people were a little surprised, they felt that there was nothing wrong with it.

Because today’s smartphones basically have two chat software: QQ and WeChat.