Reborn: Billionaire in College

After the launch of Alipay red envelopes, everyone is waiting for WeChat’s next move.

After waiting for three or five days, I still didn't get anything. There was only a dry reply "We will conduct technical identification on this type of red envelopes and take certain measures", but there was no further response after that.

"Alipay was well prepared and won a small victory. WeChat was dumb. Wasn't it very powerful before?"

"Homemade methods can also work wonders. During this period, my friends have received red envelopes from various businesses and public accounts, and have received a lot of money."

"Alipay has gone through most of China just to send everyone a red envelope. It's really a great effort."

"Our company's annual meeting will be held after the New Year. The Alipay red envelope password tests both intelligence and memory, and is more interactive and interesting."

"I am a merchant and I have something to say. I don't know who sent the WeChat red envelope after receiving it. Alipay does a better job in this regard and forces users to add an active procedure."

"The red envelope war is exciting. WeChat red envelopes are hot on New Year's Eve, and Alipay red envelopes are hot in the first month of the year. It's so cool to get the benefits."

Alipay’s password red envelopes are indeed popular, but it is still questionable whether they have affected WeChat red envelopes.

The differentiation caused by the difference in subjects results in Alipay red envelopes being from merchants to individuals, while WeChat red envelopes are from individuals to individuals.

Alipay is also very puzzled. Our activities are so powerful, why are WeChat red envelopes still so popular?

After a thorough investigation, it was discovered that users used the money they had earned to withdraw cash and then used it to send red envelopes on WeChat...

It's simply dumbfounding.

As for WeChat, although the "shake to red envelope" activity has been taken offline, the daily red envelope sending behavior between users still remains. The strong social chain makes the red envelope transmission rate very high, and the influence continues to spread through the overlap of the friend circle.

Half a month after Alipay red envelopes were launched, the wind direction suddenly began to change.

Toutiao, Zhihu, Weibo, and WeChat public accounts all reposted an article by a blogger.

The blogger said that he is an ordinary user of Alipay and a senior user of Taobao. He has always had a certain admiration for Alibaba products, but this time he was really disgusted by the password red envelope.

The blogger is a private company boss. On Sunday morning, he shared a 1000 yuan Alipay password red envelope in the WeChat group. Anyone can choose to receive it (because there is no choice). Set the Chinese password to "early to bed and early to rise for good health". After setting it, follow the Alipay pop-up prompt and share it to your management WeChat.

At this time, many people in the group had not yet gotten up.

But within five minutes, the blogger entered the password red envelope page and found that the red envelopes were successively claimed by strangers, and there was no way to retrieve the remaining unclaimed red envelopes. The blogger immediately found Alipay to complain, but the remaining red envelopes were still claimed by strangers within thirteen minutes.

After explaining the whole story, the blogger listed the three sins of password red envelopes.

1. Very poor security. 2. Cannot set friends to receive, can only set anyone or all men or all women. 3. No prompts, once set a regular password is very dangerous.

After the information about this incident came out, public opinion was in an uproar, which was like pouring cold water on the password red envelope.

"Alipay is a bit funny. You indicated in the interface that you can share to WeChat, but when the blogger complained, they said they couldn't control the behavior on other platforms, and also said that WeChat was crawled by an external crawler system, resulting in password leakage. If you can't control it and can't afford it, don't do it. You can't control it anyway."

"Haha, the person above, Alipay customer service said not to share on WeChat and other platforms. I really want to laugh. If I don't share, who can I send it to via Alipay?"

"It's scary. I found out that it was claimed by someone else, but I can't withdraw it or stop it."

"I saw in the blogger's screenshots that the avatars and usernames of the people who impersonated others are similar. Is this a cheat? Moreover, we are in the same area and we cannot contact them through the Alipay backend phone number. And they will change their nicknames and avatars a few hours after the impersonation?"

“I don’t understand why people are criticizing Alipay. Isn’t this a lack of supervision on WeChat?”

While netizens were commenting wildly, more things were revealed, and for a time the security issue of Alipay password red envelopes was at the center of public attention.

——A woman was bored during the Lantern Festival this year and wanted to grab some red envelopes from others by guessing the passwords. As a result, she really got it! When she typed "Happy New Year to my parents", she grabbed a red envelope worth 1 yuan. This red envelope was originally intended for Mr. Wang to give to his parents. After finding that the red envelope was taken away by the woman, he asked for it back on the Alipay platform but failed, and then called the police. The woman was arrested by the police across provinces a few days ago.

-- Ms. Chen from Wenzhou prepared 2000 yuan as a wedding gift and sent it to her relatives and friends using Alipay's password red envelope. However, what Ms. Chen didn't expect was that within a few minutes of sending the red envelope, before she even had time to tell her friends the password was "Happy wedding and long life together", the money in the red envelope had been "claimed" by a stranger.

"The password for Alipay's red envelopes is ridiculous. I send red envelopes to a fixed group, and people outside the group cannot receive them. Once you send the password, a bunch of people will forward it to you, and in the end you don't even know who took your money. I don't know how Alipay could develop such a stupid product."

"Me too, I sent two red packets of 600 yuan to my roommate, but they were both snatched away by the same strangerヽ('⌒メ)ノ."

"Hey! I wish I had seen this sooner."

"Fuck, it happened to me today! I hid in a public account article, and 1 of my posts were snatched away by a strange account in 40 second! I was so angry!"

"Don't use this function in the future. Some people are using it to make money. No case will be filed for less than 3000 yuan. Alipay doesn't care and WeChat says it doesn't know. So we consumers are the ones who suffer the loss?" 80% of people cursed Alipay and 20% cursed WeChat.

In this regard, Chen Pingjiang could only throw up his hands and say on Weibo: "Some netizens said that we WeChat snatched the red envelopes. How ridiculous! Let's not talk about whether Renren.com would be interested in your small amount of money. If it was really snatched by you, how would my listed company account? What about the proceeds from the snatched red envelopes?"

"The red envelopes were all claimed in one second. They must have used crawlers. The problem is actually a group that specializes in snatching Alipay red envelopes. This has become an industry. It seems that my Alipay colleagues should strengthen the security of red envelopes. WeChat is incapable of scanning out the plug-ins hidden in the background of the mobile phone. Instead, we have to bear the blame for stealing privacy. Remember, WeChat is a communication app, not an antivirus app."

Chen Pingjiang's words and actions meant only one thing: we don't want to take the blame.

Whether it is malicious collection or crawling, it has nothing to do with us.

As a result, Chen Pingjiang had just finished speaking on Weibo.

WeChat officials immediately issued an announcement: "Do not use WeChat plug-in software to grab red envelopes, or use red envelopes to organize online gambling to make profits, so as not to have your account blocked. If you find that someone in the group is using WeChat plug-in software, or there is gambling behavior, you are welcome to file a complaint through the client and WeChat mini program 110. The WeChat team will verify the content of the complaint and handle it in a timely manner.

It seems that the official editor of WeChat is slapping his boss in the face, but in fact he is implicitly expressing a concept.

We can only monitor the cheating behavior of WeChat red envelopes, but not Alipay...

In response to this, Ni Xingjun, who was responsible for the development of the Alipay password red envelopes, almost vomited blood, but he couldn't blame WeChat.

It’s just that Alipay doesn’t have its own social connections and has to rely on WeChat to send red envelopes!
Your life is in the hands of others.

…………

"After this incident, Alipay's password red envelopes are not bad, but at least the promotion effect is greatly reduced. It has to be said that security is a big problem." Chen Pingjiang pondered, "But no matter what, Alipay's red envelope function has been launched. Now that the Chinese New Year is over, fewer and fewer people are sending and receiving red envelopes, and the popularity is slowly fading. The next red envelope war will have to wait until the end of the year."

Li Xi nodded: "Yes, it won't be so easy next time. This time we will just bully Alipay because they don't have a network of connections. They also know their shortcomings and may develop Alipay's friend system within this year."

"We had a good start, succeeded in a surprise attack and then neutralized the offensive of Alipay. The focus of the payment war this year will be on offline merchant promotion and Internet finance."

At this point, Li Xi changed the subject: "We have already initiated preliminary contact with Tianhong and will try to reach a controlling stake before the middle of the year."

Chen Pingjiang waved his hands quickly: "No, we have to speed up. It's only mid-February now, and it will take another 3-4 months to mid-year. The daylily is cold."

The concept of Internet finance was proposed by Chen Pingjiang at the Internet Conference. Before that, all conditions were not mature.

Now, with the popularization of quick payment, the launch of FortuneLink and WeChat Pay, and the issuance of Alipay licenses, everything is ready.

If WeChat Pay's Zero-Balance Wallet and Wealth Management Connect want to go online, they must operate in the name of a public fund and they themselves are not qualified.

However, it is not easy to obtain a public fund license, so the only option is to cooperate with other public funds.

Zero-Balance Wallet and Wealth Management are nuclear-level weapons. Once they are launched, they will attract a large amount of funds. WeChat dare not give up the cooperation opportunity easily.

First, it involves the security of funds. What if the money is handed over to the fund and the fund collapses?
Second, once the cooperation begins, the fund company will be very popular, and there is no reason for WeChat not to hold a controlling stake.

Tianhong Fund is a relatively good choice. The scale of assets under management is only 60 to 70 billion. It is not large in scale and has no prominent reputation, but it has deep connections and is easier to control.

The original shareholders of Tianhong Fund are Tianjin Trust, Ordnance Finance and Zhangze Electric Power, which hold 48%, 26% and 26% of the shares respectively.

In the following years, Zhangze Electric Power withdrew and Inner Mongolia Junzheng took over. Currently, Tianjin Trust, Ordnance Finance and Inner Mongolia Junzheng hold 48%, 36% and 16% of the shares respectively.

Its loss in 2011 reached 2015 million yuan, which can be said to be a very difficult time, so it showed interest in Renren's olive branch.

Li Xi nodded: "I will make it a top priority to speed up the process."

"I will be going to Barcelona on the 25th to attend the 2012 MWC. I will not be back until early March. I hope to hear good news from you."

Miao Bingwei laughed easily at this time: "It is said that the Orange S3 is the world's first quad-core machine? Mr. Chen, please make one for each of us later. It will be released in a few days anyway."

"I don't care about this matter. If you want it, go find Lin Bin yourself." Chen Pingjiang laughed and waved his hands.

Listening to Chen Pingjiang's hearty laughter, Miao Bingwei was deeply impressed: "This time, the Orange mobile phone has gone abroad and will soon become a global brand. It is developing faster than our Renren.com. When will our WeChat also be able to go abroad?"

Chen Pingjiang pointed at Li Xi and said, "Then you should ask Mr. Li." (End of this chapter)