Reborn Entrepreneurial Giant.

Chapter 727 Securities Companies
Internet finance and financial technology are complex concepts. Qu Li is confident that Time Financial Services will develop overseas. He also has a trump card: blockchain technology: it can solve the three major problems of security, trust, and efficiency in financial business.

Countries in Southeast Asia may not want to undergo digital transformation, but they do not have the ability. If Time Financial can provide them with a complete set of financial industry solutions, will it become an industry leader?
Well, these alone are not enough. What about cloud computing, big data and artificial intelligence? Is there any hope?In fact, there is another bigger killer, Bitcoin. What if Jupay becomes a Bitcoin trading platform?Just thinking about it, he didn't want to get involved in the disputes in another world.

In general, Qu Li hopes that Time Financial Services will also take care of the B-side market. Unfortunately, he doesn’t know how to do it. He can only rely on the strength of his team and let Jupay open up online payment channels in most countries around the world and build Stripe. Dealing with low-level things like Adyen.

This is of great significance, at least it can open up payment channels for Shopify in countries around the world.

Today, Shopify’s glory has been difficult to conceal. Last year, the entire platform generated a transaction volume of 38 billion US dollars. If it had not been acquired by Jumei, it would have gone public this year. Now that it has been picked out, it is considered to be Jumei’s challenge to Amazon. A killer weapon.

Of course it’s not very impressive now, but in a few years the transaction volume generated on the Shopify platform will be about 2000 billion US dollars, and the entire company’s revenue will be about 60 billion US dollars.It is not impressive in terms of income, but it represents a new choice for small and medium-sized businessmen other than large platforms.

Shopify has now reached cooperation with FB, Twitter, Instagram and other social media, Guge shopping search, etc. Consumers can shop and pay directly on the FB website.

Shopify does not make money now. Users pay through Stripe and Adyen. If it can be replaced by SoPay, this part of the profit can be kept for itself. Not to mention surpassing Stripe and Adyen, at least there is a chance to keep pace with it, right?Both businesses were later valued at more than $500 billion.

Qu Li, Du Jiuming and others discussed the development of various businesses of Time Financial. There was nothing to say in China. They copied "Ant Financial" and just said that they would not do P2P. Without their "entertainment treasure" and "wealth treasure", they really wanted to give up. Lifting restrictions, Ali’s financial innovation...

Some things are difficult to say, but Qu Li insists that no commercial enterprise can truly "not do evil" and can be respected without "belief".

Du Jiuming still wants to do P2P. This thing seems to be profitable, and it is developing in full swing in China. Venture capital is pouring in. There are no restrictions in the country, and many people are making money.So much so that Qu Li, who announced last year that he would not engage in P2P and looked down on the entire industry, was ridiculed.

"The Internet is already very fast, and micro-loans have amplified financial leverage. What we need to do is to be conservative and safe, not innovative and radical..."

"But……"

"We have so many things to do, such as small loans, personal credit reporting, and online banking. Why do we have to worry about this business?" Qu Li was puzzled.

"There are already P2P companies planning to go public..."

The "profit" of doing P2P is very high. Some of Du Jiuming's friends and subordinates' friends "earned" a lot of money doing this, which swayed some people's minds.In other words, most people in finance like to make quick money and don't care about the "morality" behind it.

"Everyone who wants to do P2P and wants to leave is allowed to leave..." Qu Li said, "A-shares are about to enter the bull market. Anyone who wants to trade in stocks can leave..."

"Okay..." Du Jiuming is from the traditional financial industry after all. He became the person in charge of Time Financial Services, and he was somewhat uncomfortable working in an Internet company.
"Instead of considering P2P, it is better to consider acquiring a securities firm." Qu Li wants Time Financial to become a comprehensive financial services platform. It is a pity to lose securities firms after all, but the time window is here, the "bull market" and "bear market" in 2015 The conversion is so fast and urgent, which is rare in the world.If everyone really wants to speculate in the stock market, I don’t know how many people will be cut off.But this general trend is irreversible. European and American experience tells us that it is necessary to make large A-shares reliable even for the purpose of maintaining and increasing the value of social security funds.In the future, in order to avoid inflation, domestic residents' wealth will most likely rely on the capital market, either by buying fund insurance or buying stocks.

According to this logic, China will eventually allow Ant Financial to obtain a securities license, but I don’t know which year it will be. Maybe it will wait until the trade war is over and the big A-shares will be healthier.

"Acquiring a traditional securities firm? That's easy." Du Jiuming doesn't think it's difficult.
"Complete the acquisition within half a year, the less capital the better, as long as a license is enough"

"..."

"Why half a year?" Du Jiuming was puzzled.
“We are acquiring securities companies in a bull market, and the longer we delay, the more trouble we get. And don’t you find it strange that global capital is returning to the United States and the US dollar is appreciating, and the big A-shares have risen by more than 1000 points in less than half a year. They are obviously not slow bulls... "Qu Li knew that there were many rumors later that the A-share bull market in 2015 was a financial war. Is it true?have no idea!However, there are news reports that there is a leading party within Zhongyan Securities and was investigated.

"Half a year is a bit difficult..." Du Jiuming thought about it
If the acquisition of other people's companies is not a transaction between acquaintances, the time is uncontrollable. If you want to complete the acquisition in the shortest time and obtain approval from the relevant departments, you can only find your own people. As for after the acquisition is completed, will there be additional restrictions? , this is hard to say.

Qu Li asked Zhang Yiwen for advice. He had a good relationship with him and asked him which securities companies could be acquired.

"What? Do you want to leave Zoomlion Group and go it alone?" Zhang Yiwen is very sensitive. The cooperation between Zoomlion Group and Time has taken a lot of advantage, and the scale has expanded rapidly.

"You are thinking too much. This is a strategic need of the company." Qu Li

"There are two options. One is Tianfeng Securities in Wuhan, Hubei Province. There is currently no actual controller. You contributed to Changjiang Storage..."

"Where's the other one?" Qu Li doesn't think others will remember him well. If he really wants to acquire him, he may have to pay extra costs.
"The other is Huxiang's original Yongjin Group. They are the major shareholders of China International Finance Securities. They have been switching to PE over the years, and there is a high possibility of selling off China Finance's shares." Zhang Yiwen
"How much is Guojin Securities worth?" Qu Li asked
"Look at the stock price, I don't remember." Zhang Yiwen said angrily.

"Or a listed company?"

"Of course!"

"Forget it." Qu Li didn't want to waste time. Du Jiuming happened to be famous in Wuhan and was familiar with all the local people. If it was really possible to acquire Tianfeng Securities, he should be able to get twice the result with half the effort if he went to talk.

Du Jiu Ming obviously understood and took the initiative to take over this task. Who knew that Tianfeng Securities was preparing to increase capital and expand shares in preparation for listing, with a valuation of about 50 billion yuan.

(End of this chapter)