Reborn: Billionaire in College

He Zhiyu was also a smart guy. He understood Chen Pingjiang's look and leaned over to whisper, "He is just a vice president in charge of sales. His boss will retire in a few months, so he is in urgent need of advancement."

Only then did Chen Pingjiang nod, showing a puzzled expression.

It is difficult to keep a job in a state-owned enterprise. There are many rules and seniority is a serious issue.

Chen Pingjiang smiled and said to Wu Qing: "Mr. Wu, to be honest, it's not that the house is bad, it's just that I don't appreciate it."

This statement was clearly a refusal.

It's enough to make people feel uncomfortable.

Mr. Chen has very high standards, it's not easy to deal with him...

Wan Qiping patted his dirty hands from scraping the balcony railings and grinned, "If you don't want to buy anything, then what else should we buy?"

An Lixing rolled his eyes inadvertently, thinking that he hoped you didn't buy it, but he was only doing it for Chen Pingjiang's sake, otherwise who do you think you are?

Wu Qing was obviously reluctant to let go of such a big fish.

For him, performance is not important. The houses in COFCO Seaview No. 1 are not difficult to sell. The key is that it is now represented by E-House China. If they don't sell well, it has nothing to do with him. E-House China is decided by the higher-ups, so he doesn't get any benefit.

But if we can get in touch with Chen Pingjiang, the meaning will be very different.

"Mr. Chen, this is the case. I'm sure you've heard about it before you came here. Our buildings and Tomson Yipin are the only ones with the best views of the Huangpu River. The river view may not be very clear during the day, but it will be much better at night, especially the International Building Complex on the other side of the river, which can be clearly seen."

"If you are not satisfied with anything, you can tell me directly. We can discuss it. If you are not satisfied with the decoration, I can tear it down and make it according to your favorite style. The price will not change, and the decoration will be considered as a gift."

Wu Qing had just finished speaking, and Chen Pingjiang hadn't responded yet, but the old boy Zhang Fu on the side spoke first: "Yes, Mr. Chen, I think this is it, I quite like it here."

He Zhiyu glanced at Zhang Fu with some surprise, thinking that this guy was not usually such a reckless person.

What he didn't know was that Zhang Fu had always been upset about not being able to buy the house in Zhongshan Villa.

The other three bought it, but he didn't.

Doesn’t this show that one’s determination to get closer to the organization is not firm?

It is a rare opportunity to have such a good opportunity now, and I must be Chen Pingjiang's neighbor living on the same floor as mine.

"In my opinion, we should just not let Mr. Chen pay for this house. Let's just pool our money together and help him pay for it. It's not that Mr. Chen has no money, but we have been quite ignorant all along. Mr. Chen helped us make money, but we never expressed any gratitude." Zhang Fu said with a smile.

"I have no objection! I have made a lot of money from the Renrengou project. Without Pingjiang's guidance, I would not be where I am today." Liu Cheng also said.

At that time, Renrengou had not yet been launched, but these people were already eyeing it. Each of them invested 5 million, and the total amounted to 000 million, accounting for 5% of the shares.

Later, Renrengou raised funds, and their 5 million RMB turned into 000 million US dollars in the blink of an eye.

And now, Renrengou’s overall valuation has reached 162 billion US dollars, after all, it successfully acquired Dianping.

Although these people's shares have been diluted, the equity shares they hold are almost equal to 7000 million US dollars.

The key point is that it has only been a short time. Even robbing a bank may not be that fast.

It is foreseeable that once the food delivery project is launched this year, Renrengou’s overall valuation will begin to grow again.

"Alright, alright, do you think I don't exist? How can I ask you to pay for my house? With your small bodies, you should put more money into your own business." Chen Pingjiang was a little amused and said to Wu Qing: "Just do as Mr. Wu said, help me change the decoration, and then give each of us a house."

Although he knew that these people had good intentions, how shameless did Chen Pingjiang have to be to live in a house that was jointly bought for him by others? If the news got out, he would become a laughing stock.

Zhang Fu was about to speak, but Chen Pingjiang waved his hand: "It's pointless to say more. I appreciate your kindness."

Seeing that Chen Pingjiang had spoken, Zhang Fu could only shut up reluctantly.

Only at this point did Wu Qing and the other man breathe a sigh of relief and smile.

In the end, Chen Pingjiang, Zhang Fu and He Zhiyu each got a 420-square-meter apartment, while Liu Cheng and Wan Qiping got a 360-square-meter apartment.

Five sets were sold at one time, and An Lixing was so happy that his mouth was swollen.

Taking Chen Pingjiang’s 420-square-meter house as an example, the entire house would cost million yuan.

Wu Qing wanted to ask for a discount, but Chen Pingjiang waved his hand and said, "Please speed up the renovation and make it better. Also, please buy the home appliances."

Wu Qing and the other wanted to host a banquet to entertain Chen Pingjiang and others in the evening, but Chen Pingjiang used the excuse that he had something to do and did not go. Instead, he invited He Zhiyu and others to eat and drink well.

On the way back, Cong Nini asked curiously, "Do you have anything to do tonight?"

"It's alright."

"Then why not?"

Chen Pingjiang smiled and asked back: "What else can a bunch of old men do besides playing with women? Is it convenient for me to take you with me?"

Cong Nini was not to be outdone and puffed out her chest: "They play with women, you can play with me too!"

"Go away, what you are saying is nonsense. Are you the same as those prostitutes out there?"

"No, I'm better than them."

"Have you thought about where to go for fun?" Chen Pingjiang asked.

"Go abroad, not in China. It's boring in China. People know you everywhere, and you don't have fun."

Chen Pingjiang didn't care. It was fine to go abroad. He could still go out now.

If it is a few years later, I am afraid I will not dare to go abroad. Who knows if I will be detained as soon as I get off the plane. Even the technical backbones of Huaxin International and Orange Technology, Chen Pingjiang will ask them to go abroad as little as possible. The Malaysia Airlines incident is still fresh in their minds.

…………

What caught Chen Pingjiang off guard was that before the two of them had time to go on their trip, he received a call from the top management.

Nearly a year after the release of the "Administrative Measures for Payment Services of Non-financial Institutions", the payment license has finally arrived...

Payment license, also known as "Payment Business License", is actually a third-party payment license, which is used to regulate the operation of third-party payment platforms. Licensed institutions can provide various payment services including online payment, bank card acquiring, prepaid card business, etc.

Without a payment license, non-financial institutions are not allowed to provide corresponding payment services.

Another function is that with a payment license, you can deposit funds, although there is a time limit. However, in the systems of many capital giants, the daily transaction volume is an astronomical figure, and the ability to deposit funds is basically equivalent to allowing them to obtain a considerable cash flow.

This empty talk may not mean anything. Meituan Pay was once reported by a lawyer under real name for operating without a license, and was therefore summoned by the central bank to stop its operation.

The situation at that time was that Meituan was operating online payment settlement business without a license without obtaining a "Payment Business License" issued by the central bank, and provided a recharge function for its Meituan payment account without obtaining a "Prepaid Card License", resulting in real-time funds sedimentation and was successfully reported.

With the license, Alibaba’s Alipay and WeChat Pay’s change can be used to save money!
What are you thinking about? Go back to Dongjiang for the meeting.

"I have something urgent to do this time, so I don't have time to go, but the hotel has been booked." Chen Pingjiang patted the reluctant Cong Nini's face and said, "You can take Zhang Lu with you. Take my private plane directly and come back in half a month. If you don't have enough money, use this card."

After hearing this, Cong Nini became happy again. Although Chen Pingjiang was not with her, it was nice to have her good friend with her, and she could show off at the same time.

This time the trip was again to Tahiti. This thing had appeared as a prize at the last annual meeting of Renren Group, but Chen Pingjiang had never been there.

Tahiti is really not cheap, usually 20 or days costs RMB, and that's for an average hotel. If you spend half a month in a good hotel and try a few more projects, it will cost you RMB.

The next day, Chen Pingjiang returned to Dongjiang.

The heads of several Internet companies under Chen Pingjiang attended the meeting.

"Mr. Chen, we at Renrengou also want a payment license." Gao Songbin was also envious. He also wanted to do payment on his own. The most important thing was that the group buying industry involved a large number of payments.

Li Xi spoke first: "You guys can apply now, but before the second batch comes in, please help WeChat Pay gain the upper hand."

Chen Pingjiang smiled and said: "Now is not the time for us to divide our forces internally. We should point our guns at the outside world and compete with Alipay for the market first."

Payment is the most important part of any Internet activity. Without it, nothing would be convenient, whether it’s online group shopping or playing mobile games.

From the perspective of business model, payment licenses are also an important way for these Internet companies to improve the closed loop of their own business models.

In addition, you can also charge a channel fee to the access platform.

Alipay's channel fee is incredibly high. If it is a general industry, the third-party payment channel fee is 0.6%, and if it is a game, entertainment, digital and other industries, the third-party payment channel fee is 1.2%. For transfers through Alipay, as long as the recipient is a business, the channel fee rate is 0.

It doesn’t seem like much at first glance, right?

What if tens or even hundreds of billions of dollars are circulating on it every day?

Based on the lowest rate of 0.6%, the daily income of 50 billion would be million.

No wonder JD.com and Meituan were forced to do their own payment processing.

Chen Pingjiang said: "This is the first time we are facing Ali. If we fight, it will be a decisive battle."

Li Xi nodded: "We have been preparing for this day for a long time."

"We have already made arrangements in advance in several battlefields. The first is the battlefield of people and products, that is, e-commerce group buying. We don't have many weaknesses in this area. Alibaba has Taobao Tmall, but we also have JD.com and Renrengou."

"I think the payment scenarios that we need to compete with Alipay repeatedly are, first, daily bill payments, whether it is electricity, gas, water or parking fees. Second, urban services, including government offices and medical services. The most fiercely competitive are offline payments, including but not limited to restaurants, convenience stores, cinemas, supermarkets, and vegetable markets, which are the big players."

As soon as he finished speaking, all the executives in the room gasped.

China is so big and has so many people, what will the offline payment situation be like?

This really needs to be pushed to every store.

Chen Pingjiang glanced at Gao Songbin, who immediately nodded with a frown: "I understand, boss. I have asked all the sales representatives in all cities across the country to promote the product. But in the future, Lao Li, you have to charge me less for the channel fee. The cooperation fee for this time cannot be reduced."

Li Xi laughed: "We don't have much ground promotion in Renren.com, so we can only rely on our friends. As long as the offline payment scenarios of the terminals can be achieved, I will pay you as much money as Mr. Chen approves."

This time, Gao Songbin stopped talking.

Hey, that’s the same as not saying anything.

Chen Pingjiang thought for a moment and said, "Actually, there are two more scenarios. One is financial management, and the other is red envelopes. Financial management must be done as soon as possible, and I will personally grab the red envelopes."

Li Xi was stunned: "Boss, what do you mean by financial management?"

"Is financial management difficult to understand? It's the same as using the money in your bank to buy funds. We have to absorb the user's money and store it in the change purse, and then use this money to buy money funds, thereby generating stable returns and returning them to the users."

Miao Bingwei, a technical guy, didn't quite understand the trick: "I understand attracting users' money, and I understand making the pie bigger. But how do we make a profit?"

"The first is naturally interest income; the second is management fees; there are other ways to make money, such as helping to sell funds and so on. You wouldn't understand even if I told you, a science and engineering guy. Shu Mang must know the reason."

Internet financial management is a powerful weapon. Chen Pingjiang thinks very clearly that even if he does not do it, Alipay and other institutions will do it anyway.

In that case, I might as well do it myself, but it will be more compliant and avoid any loopholes.

Finally it turned into a dragon.

After explaining the WeChat payment issue, Chen Pingjiang turned his attention to Gao Songbin: "How is the preparation for the food delivery business going? Now that the payment license has been obtained, the next step is to launch the food delivery business. At the same time, the group purchase market will become active again."

Gao Songbin nodded. "At present, the recruitment of Blue Knights in first- and second-tier cities is almost ready. We are just waiting for your order and the food delivery business can be launched at any time. We are still recruiting food delivery drivers in the sinking market, and it is estimated to take at least 2-3 months. However, I found that a food delivery platform has emerged in Shanghai, called Ele.me. They used to operate in a small circle on university campuses, but recently they have slowly begun to expand outward. I heard that they also received a million US dollars in investment from Jinshajiang Venture Capital."

Chen Pingjiang sighed: "Everything that was supposed to come has come, not one is missing. In the next three to five years, these will be the hot spots."

After the meeting, everyone quickly returned to their respective companies and departments.

The implementation of payment licenses will bring about huge changes to the Internet ecosystem.

Let me give you a very straightforward example...

Recharging for DNF and LOL will become easier, just scan the QR code and it’ll be done.

We have a lot of work to do.

…………

At the same time, a high-level meeting was being held at Alibaba's headquarters in Hangzhou.

Jack Ma, Joseph Tsai, Lucy Peng and other senior executives are among the list.

"It takes a thousand days to raise an army but only a moment to deploy it. Whether Alipay can make it out and break through depends on what happens next."

"It is now clear that our biggest competitor is WeChat Pay. We all have our own advantages, and we need to use them to differentiate ourselves."

Jack Ma is actually very clear-headed. With WeChat Pay backed by WeChat, it is almost impossible to defeat it. To deal with such an opponent, one can only play to one’s strengths and avoid one’s weaknesses.

Peng Lei also nodded: "WeChat Pay can use social platforms to spread, and it has social functions. Alipay can't catch up in this area. But I think that in addition to competing for users in various payment scenarios, we should focus on security and promote security as the first factor, instilling in users the concept that it is safer to transfer, save and manage money through Alipay."

"Besides, WeChat Pay has not yet been separated into a separate app. It is more about transferring and receiving money. So we can start with the functionality. For example, business-to-business transfers."

"In addition, Alipay can also go overseas to seize the overseas market. Alipay can be used wherever there are Chinese people."

Jack Ma looked at Peng Lei with admiration. She was really capable and thought very thoroughly. It was no wonder that he promoted her step by step.

"Chen Pingjiang is difficult to deal with. We have been rivals with Tencent for so many years, and we have won and lost against each other. We are not good at social networking, and they wanted to do PaiPai.com but they couldn't beat us. But Chen Pingjiang is different. He has never lost a game since his debut. He is much more terrifying than Tencent. He forced Tencent to kowtow on the ground and beg for mercy, and cede land and pay compensation."

The handsome guy, Cai Chongxin, laughed and said, "He is very famous abroad. Eight out of ten people in the US technology and financial circles have heard of him. Even Berkshire Hathaway has bought a large number of Renren shares, which shows its optimism about Renren. This news even made the front page of the Washington Post."

Ma Yun spread his hands and said, "He is better than me. I just graduated from a teachers' college at the age of 24, and he already has such a big business empire. But I will not cede land and pay compensation like Tencent did."

"What else is there to say? Let's do it. Let's take a look at the mule or the horse." A director laughed, eager to try: "Recently, the market has been talking about how powerful the Renren Iron Army is. The name of our Zhonggong Iron Army is almost forgotten."

Jack Ma nodded and said, "Let's start with the first layout. Most of our 5 million Alipay users are on PCs, and there are very few mobile users. The future is the world of mobile Internet, so we must drive users to mobile phones. My idea is to charge for transfers on PCs, but free transfers on mobiles."

Someone asked: "Isn't this too simplistic and crude? I'm afraid there will be a lot of user backlash."

"I am not afraid of a backlash. I will not use such drastic measures on Taobao because JD.com is not worthy of it, but WeChat Pay is worthy of it. If this step is not completed, all offline payments will be like flowers in the mirror and the moon in the water."

Peng Lei said with emotion: "Indeed, offline payments are mostly done outdoors. You can't carry a computer with you. If we don't complete this step, we will not be on the same starting line as WeChat Pay. I agree with Mr. Ma's idea. Let's be direct. We have to race against time now." (End of this chapter)