Rebirth of the Evil Life

Four days to repay US$80 billion! Everyone is waiting for Lin Feng to give the final answer.

But at this moment, I never thought that while the outside world was paying attention to how Lin Feng would repay the loan, another piece of bombshell news would come out.

Yu’E Bao! ‘Dingdang.com’ officially launched ‘Yue’E Bao’, which offers a balance value-added service of anytime deposits and demand deposits with high interest rates of at least 5 points. This was simply thunderous and shocked all financial practitioners.

Is this Lin Feng planning to steal money from the bank? At this juncture, Lam Feng should establish good relations with the four major banks so that he can borrow money to repay the US$80 billion debt. After all, anyone with a little bit of financial knowledge knows that Lin Feng’s money is now locked up by the Second Bank, and it has been swallowed up by the ten-year loan of Chrysler’s Constellation car. In a short period of time, he will not be able to raise $80 billion unless he sells the company.

In this case, China's four major banks were Lin Feng's life-saving straw. But he wants to launch "Yu'E Bao". Wouldn't this move the cheese of the four major industries? Will these four major guilds give up? Can he still get a loan? In other words, Lin Feng hopes to use this 'Yu'E Bao' to grab enough cash reserves from the four major banks within four days?

Is this possible? The outside world doesn't believe it. The four major banks don’t believe it either.

Yu’e Bao, what is this! Will people believe this stuff? Fund deposits and loans created by the Internet are even more unreliable than loan sharking. Maybe your money is still there today, but you don’t know where your money will be tomorrow! The four major banks disdain to comment on Yu'E'Bao. In interviews with many reporters, the four major banks do not believe that Yu'E Bao can become a success. Especially for Lin Feng, who hopes to rely on "Yu'E Bao" to raise funds. It's even more idiotic. And frankly. No one will believe in this so-called ‘Yue Bao’.

Facing doubts from the outside world. Lin Feng did not come forward, but only announced the incident on Weibo, announcing that Alipay would launch Yu'E Bao, and that Jack Ma would serve as president and be responsible for the operation of Alipay.

This Weibo post immediately transformed Jack Ma from an unknown passerby to a rising financial star that has attracted much attention in the domestic and foreign financial industries. Who is this Ma Yun, who can actually gain such trust from Lin Feng? At such a critical moment, leave such a sensitive topic to him to handle? Who is he?

Jack Ma appeared under such a spotlight. In Beijing, Jack Ma held a press conference. The theme of the press conference was if the banks don’t change, let’s change the banks.

Many domestic reporters were shocked when they saw this title. Banks have always been the overlord, the absolute financial overlord of any industry in the country. Everyone has to deal with banks. And often it is banks that dominate. For example. When a depositor withdraws money and the money leaves the locker, the shortfall must be the depositor's own problem. But if the bank gives more money,

If you don't return it, then the depositor is illegally possessing state assets. If you don't return it, it will become a criminal liability.

Now Jack Ma is making such a big statement: If the banks don’t change, we will change the banks. This is too awesome. This is so awesome to say. But can you do what you say? Fortunately, the press conference began soon. While hundreds of reporters were waiting, a man with an unattractive appearance and short stature walked out.

Is this person Jack Ma? Doesn't this seem like a big deal? How dare he say this? Many reporters discussed for a while.

At Lin Feng's press conference, many reporters did not dare to make such loud noises and interfere with the press conference. But when they were facing this person who was basically unknown and had never heard of him, they didn't have that much respect.

"Everyone, please be quiet, the press conference will begin soon!" the host at the scene reminded.

However, many reporters went their own way. They just lowered their voices but did not shut up, making it clear that they looked down on Ma Yun. But it's no wonder that instead of having anything outstanding about Jack Ma's appearance, he is a bit vulgar, even a bit like E.T., and he is unknown. It is not easy to suppress these reporters. Especially since Lin Feng is still far away in Shanghai, reporters like them are even less afraid.

"Quiet, please be quiet!" the master of ceremonies yelled loudly, but there were still whispers below. The sound was not loud, but it was like a mouse gnawing something, which made people feel uncomfortable.

Ma Yun waved his hand to stop the emcee from scolding him hoarsely.

"Dear journalist friends, I think you must be very curious about me, thinking that I, Jack Ma, am capable of taking charge of Alipay, launching 'Yue Bao', competing for business with the four major banks, and shouting such slogans, you Many people must think that I, Jack Ma, am just a toad, what a big tone!" Ma Yun's Mandarin with a little bit of Wu dialect sounds a little difficult, but for many reporters who have traveled all over the country and seen strong winds and waves, it is understandable. No problem, I just never thought that Jack Ma would be so self-deprecating. This actually surprised many reporters.

They thought that Jack Ma would be angry and furious, so that they would have all kinds of news to write about. For example, titles such as "Jack Ma couldn't control the situation and vented his anger on reporters" are so eye-catching and attractive. Sometimes, reporters like them will deliberately tease some CEOs and other figures, waiting for them to get angry and get scolded, so that they can have topics to write about.

But Ma Yun's attitude was unexpected. It is really surprising that an unknown person did not lose his composure or ignore the provocations of many reporters intentionally or unintentionally in such a big scene.

"You think my tone is loud, that's for sure. Even my wife, when she heard me say this, felt that I was indeed like a toad, and my tone was too loud." Ma Yun continued to laugh at himself, but this time there were no reporters. Instead of talking about it and interfering with the press conference, many reporters calmed down and waited quietly for what Jack Ma would say next.

"I think everyone is like me. Every time I go to the bank, I always encounter various difficulties. For example, the waiting time to withdraw money is too long. It is easy to deposit money in the bank but difficult to withdraw money. The bank has a bad attitude, etc. When it comes to right I believe I can’t finish talking about the bank’s dissatisfaction here for three days and three nights. I think everyone should feel the same as me!” Ma Yun continued to speak in Mandarin with a Wu dialect.

Many reporters nodded empathetically. Banks are indeed full of misdeeds. When it comes to hating banks, no one knows it better than these reporters. In all financial cases involving banks, others are always at fault, and the bank is not at fault. This is just like the classic slogan of Wal-Mart: The customer is always right. If the customer is wrong, please refer to the first point.

In the same way, the bank is always right. If the bank is wrong, please refer to item 1.

"Since the bank has not changed for so many years, why can't we let the bank change?" Jack Ma asked loudly, "Why do we have to endure all kinds of neglect and injustice from the bank? Why can't we let the bank change?"

Many reporters looked disgusted. Of course, everyone is willing to change, but it is not easy to change a bank.

"You don't believe it, so you can't do it. I believe that my boss, Mr. Lin Feng, also believes it, so we can do it. And how to change the bank starts with 'Yue Bao'." Jack Ma said loudly.

Yu’E Bao? So much magic power? Many reporters were disgusted. What is this thing that can have such magic power to change the bank? Even with Lin Feng's support, at most he would not be afraid of the bank's shoestrings, but it would be impossible to change the bank.

"Yue Bao, what is Yu'e Bao, is that you put the balance in your hands, spare money, whether it is one yuan, ten yuan, or one hundred yuan, into our 'treasure bowl', and then enjoy it anytime every day It is a service that can be deposited and withdrawn, and you can check your accounts at any time, and you can know your income at any time, so that you can make money clearly and clearly, so that the money in your hands will no longer depreciate as prices rise, so that the money in your hands can be preserved. , and even increase in value,” Jack Ma said, “Currently, the seven-day annualized rate of our ‘Yue Bao’ is 6.3%!”

The seven-day annualized rate is 6.3%! Among the many reporters who had some knowledge of finance, they took a deep breath.

The so-called annualized rate refers to the annualized rate of return, the rate of return in one year. The seven-day annualized rate is a theoretical one-year return based on these seven days. And "Yu'e Bao" can have 6.3%, which is too scary. This is equivalent to depositing 10,000 yuan, and you can get 630 yuan in deposit interest a year. At present, the common five-year deposit interest rate among major banks is around 3.7%, which is 370 yuan. This gap is huge.

What's more, this 'Yue Bao' can be deposited and withdrawn at any time, which is equivalent to a demand deposit, which is far more cost-effective than depositing money in the bank regularly. After all, the money is deposited into the bank regularly, but this money cannot be withdrawn within a certain period of time. What if you encounter an emergency and want to withdraw money? Of course you can withdraw it, but the interest earned before that will be lost. Even if you save for just one day, the interest will be gone. The maximum can be calculated based on current deposit interest. But this demand interest is equivalent to no interest. The bank will also deduct some handling fees every year, which will be even less, and there may even be a possibility that the deposit will be in vain for a year.

If you compare this, the gap is really huge.

"Also, our 'Yue Bao' does not have any handling fees. Whether you save for one year or ten years, there will never be any handling fees, and all the benefits will be clear and clear, and will never be deceived. People. And provide you with 24-hour online service!" Ma Yun hit the sore spot of the four major banks. (To be continued)