Rebirth started in 2004

Chapter 306 Yu'e Bao

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

And Jiutian Financial Services has only one product: Jiupay.

Nine Pay is the background processing terminal of WeChat Pay, that is to say, all transfers, transactions, payments, etc. of WeChat Pay are processed by Nine Pay.

Xiaoju Technology is currently under a lot of pressure to operate, and WeChat and NinePay both require huge computing power.

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

These all require money.

Nine Pay and WeChat are now a free product.

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

So Chen Wei is ready to start financing.

It has never been Chen Wei's job to use his own money to develop step by step.

Chen Wei thinks it is worthwhile to sell some equity and let the company obtain much-needed development funds.

As for whether the company will be kidnapped by capital?

Then it depends on Chen Wei himself.

Chen Wei is not prepared to say that he will hand over the controlling stake in Xiaoju Technology, he will guarantee the control of Xiaoju Technology.

The financing amount of Xiaoju Technology this time will be extremely huge.

However, the valuation of Xiaoju Technology obviously cannot satisfy Chen Wei.

How can we increase the valuation of Xiaoju Technology?

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

Perhaps Yu'E Bao should be launched!
As long as Yu'ebao is launched, the valuation of Xiaoju Technology will directly be able to reach the sky.

Moreover, by that time, the self-hematopoietic ability that Xiaoju Technology has been troubled for a long time will be completely resolved.

This point is undoubtedly the most important thing.

So what exactly is Yu'E Bao?

In fact, it is a currency fund.

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

"You submit a list of fund management companies that are suitable for acquisition. In addition, the financing of Xiaoju Technology can also be officially carried out. Based on the valuation of 260 billion US dollars, the source of investment is mainly state-owned assets."

Everyone couldn't help but stare blankly for a moment, why did the boss specifically emphasize that state-owned assets are the mainstay?
We must know that state-owned assets generally go to the infrastructure field for project investment.

However, there are also some state-owned assets in China that are quite investment-minded.

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

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

Private capital is indeed flexible and bold in its operations, but this kind of flexibility and boldness does not mean that there are only advantages and no disadvantages.

In fact, the disadvantages are not small.

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

The aggressive business strategy, while high returns, is also accompanied by high risks.

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

Private enterprises are the easiest to go bankrupt, because private capital is generally weak in terms of strength.

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

It's like a race between the tortoise and the hare. The hare runs fast and reaches the finish line first. Although the tortoise is slow, it can still reach the finish line.

Rabbits run fast and fall easily.

But the tortoise can't, it's very stable.

Yang Hongmei said very strangely: "Why do you want state-owned assets to buy shares?"

Chen Wei: "Because Xiaoju Technology will be very strong in the future, I am worried that I will not be able to handle 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 many new businesses in the future, and these businesses will slightly change the domestic financial market.

Financial market shocks have always been violent.

Yang Hongmei couldn't help frowning, feeling very puzzled in her heart: "Is there anything else you can't handle?"

"I'm not super powerful, how could I be able to catch everything. Mainly 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 Under the service name."

"Are you going to enter the financial market?"

Yang Hongmei was surprised.

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

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

On the contrary, it made a lot of money for Hengtong Group.

Chen Wei knew about the investment department of Hengtong Group.

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

"It's a monetary fund. Now our WeChat and NinePay have over [-] million users. What if we connect to the interface for buying funds on WeChat and NinePay?"

"In addition, it also displays the daily income of the fund in real time. The income is much higher than simply depositing money in the bank, 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 them?

Definitely not too much.

Because investing and managing money is a relatively professional thing.

Most people don't have this concept at all.

They just know that depositing money in the bank to earn interest is their way of managing money.

Otherwise, how did the huge amount of resident deposits come from.

Yang Hongmei understood what Chen Wei meant.

The sales group of this fund is for the general users.

"Money touches people's hearts. I'm tempted by the fact that you can offer a return that is more than ten times higher than the bank's interest rate. But, don't act recklessly!"

"It's really not messed up. I didn't say it before. I'm going to launch a service called Yu'e Bao, which allows users to use their spare money to buy currency funds. The income of currency funds has always been relatively stable. The main reason is to borrow The risk of lending funds to banks is extremely low.”

It is normal for banks to borrow funds between banks, and there is nothing strange about it.

Yang Hongmei thought about it carefully, and there was nothing wrong with Chen Wei's plan.

It is also allowed by law.

"I'll get in touch with you about investment, but don't expect too much."

Chen Wei: "I'm not too small for a few million, and I'm not too much for a few hundred million. This time I plan to raise 170 billion RMB, so the number of shareholders I'm looking for will also be quite large."

In fact, one company directly paid attention to the financing of Xiaoju Technology.

That's the penguin.

If Xiaoju Technology wanted to raise funds, it naturally had to announce its operating data to investors.

The data of WeChat is also made public for the first time.

In the past, Xiaoju Technology had never announced how many users it had.

Now the sudden announcement that there are more than [-] million registered users is shocking.

However, after people were a little surprised, they felt that there was no problem at all.

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

(End of this chapter)