Silicon Valley

The reason Jack Ma looked so shocked was because the document not only mentioned the development of Tmall, but also proposed to establish Yu’e Bao based on Alipay!

"Mr. Ma, if the bank doesn't change, we will change the bank! Establish Yu'e Bao, let Taobao users deposit all their money in Yu'e Bao, and get much higher interest than the bank. In this way, Taobao will definitely be able to increase many users. , At the same time, we can use the money in Yu’e Bao to make external loans, or invest in funds, and earn the price difference!!!”

Henry asked Alipay to develop Yu'e Bao, but not PayPal, mainly because the national conditions of the two countries are different!

China's bank interest rates are extremely low, but the interest rates on loans are extremely high. In the ranking of banks all over the world, China's banks will crush other banks with an absolute advantage in terms of net income. The reason why Ma Yun said in his previous life, "If the bank doesn't change, we will change the bank", is really China~ The bank's greed, arrogance and poor service make people very uncomfortable! Therefore, Yu'e Bao came into being! ! !

The PayPal version of "Ye Bao" is not feasible in Europe and the United States, mainly because the deposit and loan interest rates are very low, and the investment channels of ordinary people in Europe and the United States are far more abundant than those in China. In addition, after the financial crisis in 2008, the Federal Reserve started two consecutive rounds of quantitative easing policies, injecting a total of 2.3 trillion U.S. dollars into the market. The effect of investing so much money is that there is more money in the market, and the short-term market interest rate in the United States once fell below 0.25%! The profit of the PayPal version of "Yu'ebao" dropped instantly, and the user had to pay back money instead. Therefore, the PayPal version of "Yu'ebao" naturally couldn't continue to play. Henry never thought of using PayPal to play with "Yebao". Not only did he waste his time, but he also showed Chinese Internet companies a way to make a fortune. If you want to make a fortune, you have to make a fortune by yourself, so Henry has not launched Yu'e Bao for a long time.

Now that Taobao has been acquired and Jack Ma is in charge, Yu'e Bao can be established.

Yu'ebao is a sensitive and dangerous existence that challenges China's banks. It needs people with strong abilities and strong beliefs to develop it. Of course, Jack Ma is the best candidate. What's more, there are already successful precedents in the previous life, so Henry will feel much more at ease.

After Ma Yun read the document, he was deeply shocked, and thought, Henry Williams is indeed a genius among geniuses, the overlord of the Internet, and he can come up with such a good design!

Jack Ma's shock still persisted, and Henry said at this time: "Yebao is only the first step. The next step is to build a huge Internet financial empire around Alipay. I call it 'Ant Financial'. Although Ant is small, But once it gets big enough, we can even say to the banks, 'That's the way to go!!!'

We all know that China's bank loans are so high, so our loan interest can be lower than it. We have big data analysis, directly through the Internet to borrow money from reputable users, apply on the same day, review on the same day, and receive the money on the same day, which is countless times more efficient than banks! In addition, the purchase of financial derivative products such as funds, gold, stocks, treasury bonds, futures, etc., can all be carried out on Ant Financial. We provide the world's largest financial trading platform. We do not produce financial derivative products. We are the leader in financial derivative products. porter! ! ! "

What Henry said made Ma Yun's blood boil, and he immediately cast his eyes on Henry's admiration.

"Your Majesty, you are truly a genius among geniuses. It's really admirable to have such a grand idea and a vision!!!" Jack Ma said sincerely.

Suddenly, Ma Yun seemed to feel the aura of a king exuding from Henry, which was convincing. He felt that it was an honor to be able to work under him—following a great leader and making great achievements! ! !

If he had been born in ancient China, Ma Yun would have immediately knelt on the ground and said, "My lord, I am willing to serve you like a dog and a horse!!!"

However, Ma Yun also vowed to express his loyalty to Henry at this time.

"Your Majesty, please rest assured that I, Jack Ma, will not disappoint your expectations!!!"

"I have no doubt about Ma Yun's ability!" Henry praised Ma Yun, and then said, "In order to develop Alipay, I propose to let PayPal become a shareholder of Alipay, and PayPal will withdraw from the Chinese market! In the future, Amazon, eBay, Ali Baba only supports Alipay as a third-party payment software!"

When Ma Yun heard this, he was immediately pleasantly surprised!

"However, if Alipay wants to become independent from Taobao and establish a separate company, the first thing to do is to treat other e-commerce companies equally. Only in this way can Alipay develop rapidly and build a huge Internet financial empire!!!"

"Your Majesty, what you said is very reasonable, and I completely agree with your decision!!!"

"Okay, let's do this!!! The wine is here, let's drink some wine to warm up!"

...

Ma Yun didn't know how he got out of Prince Gong's mansion. At this moment, the cold wind was blowing, but he was full of enthusiasm and fighting spirit, as if a new world had opened up to him! ! !

Jack Ma returned to Taobao. At this time, many company managements asked: "Mr. Ma, have you seen His Majesty Henry Williams?"

"Mr. Ma, how is His Majesty Williams?"

"..."

Ma Yun took a deep breath, his face became solemn, and said in a deep voice: "Your Majesty is the most talented and greatest person I have ever seen, and the person I admire the most in Ma Yun's life!!!"

As he said that, Ma Yun looked around the crowd and said loudly: "Everyone, work hard, we are creating a great era!!!!!!"

Everyone was dumbfounded. In the past, Ma Yun had been brainwashing everyone, but after he came back from Beijing, he seemed to be "brainwashed"!

Ma Yun didn't care about everyone's expressions, and said loudly: "Notify all the senior management above the manager, and start a meeting immediately!!!"

"Yes!!!" Everyone nodded in response!

Half an hour later, the conference hall was full of people. Ma Yun made an announcement on the first seat: "The trip to Beijing opened my eyes and benefited me a lot! His Majesty Williams's wisdom and courage are admirable! He discussed with me and said that PayPal would invest in Alipay. Later, PayPal Willing to fully withdraw from the Chinese market, Amazon, eBay and Alibaba will support Alipay as a third-party payment in the future, and it is the only payment software!!!”

Before the words fell, the audience was in an uproar!

"How could PayPal withdraw from the Chinese market willingly?"

"Nicholas International's three sub-platforms of e-commerce actually use Alipay as the only payment method. It's like a pie in the sky. Alipay can grow and grow in an instant, becoming the largest payment software in China!"

"Uh... is Henry Williams stupid?"

"..."

(to be continued ~^~)