Reborn: Billionaire in College

"What exactly is Chen Pingjiang trying to do? What is the purpose of Internet finance? Is it just to provide funds with another sales channel?"

Lao Ma asked three soul-searching questions at the meeting.

Everyone is somewhat confused about Renren's approach, which is really an oversight.

Recently, Lao Ma has been soliciting customers on Laiwang every night.

Yu'e Bao was not scheduled to be launched until mid-June 2013, and now the boss really doesn't know what Chen Pingjiang plans to do.

If possible, Lao Ma really doesn't want to face Chen Pingjiang again.

We were hit badly enough at the beginning of the year.

At present, communication is climbing over the mountain of WeChat.

What discouraged Ma the most was that WeChat barely responded to the challenges from his friends and colleagues. Instead, it struck him in a way that he could not see through.

It's such a painful feeling to not be able to take the initiative everywhere.

But if you want to make achievements in the domestic Internet now, you cannot avoid Renren and Chen Pingjiang.

Unless Ma is willing to stay in e-commerce forever, but that is obviously impossible.

"What we can be sure of now is that Renren.com will become the controlling shareholder of Tianhong Fund and will definitely design several fund products to be sold on WeChat and Caifutong. We just don't know what products they are."

"Forget it. Instead of thinking hard about it, let's just follow their example and contact a fund company. I think WeChat's new product will be released soon. We'll make plans then."

"You Alipay should pay more attention to the actions of your competitors during this period, and Laiwang must require everyone to use it and not relax."

Let’s deal with this social issue!
Old Ma can never be forgotten for a moment.

…………

Dongjiang River.

"Internal testing of the new version of WeChat has started, and we can launch Zero-Balance Wallet within a week at the earliest."

"Colleagues at Tianhong have been working very hard recently. The fund model has been established and the staff is in place. In order to prepare for the launch of Zero-Balance Wallet, we specially hired the star fund manager Wang Dengfeng from Huaxia to personally take charge. Now, please let Manager Bian introduce it."

Chen Pingjiang listened to everyone's reports with an expressionless face.

Tianhong was particularly concerned about the Zero-Balance Wallet and wanted to perform well, so they sent a large team of 20 people and stationed at Renren.

The reason why Wang Dengfeng jumped from Hua Xia Securities, which is ranked first in the industry, to Tianhong was inseparable from Guo Shuqiang's efforts.

Because when Wang Dengfeng was in China, he was Guo Shuqiang's right-hand man.

After joining Hua Xia Fund Management Co., Ltd. in 98, Guo Shuqiang served as assistant to the general manager, member of the investment decision-making committee, director of the institutional investment decision-making committee, and director of institutional investment.

It was not until 11 that he switched to Tianhong as president.

In order to prevent the Zero-Balance Wallet project from failing, Guo Shuqiang used all his connections and personally recruited Wang Dengfeng.

Wang Dengfeng agreed without much thought.

He remembered that Guo Shuqiang only said three sentences.

"Renren has become a major shareholder of Tianhong Fund."

"Chen Pingjiang will lead a new trend in Internet finance."

“You will become a fund manager with a fund size of at least 5000 billion.”

Why are you hesitating?
Wang Dengfeng did not trust Tianhong, but he trusted Chen Pingjiang, a golden signboard.

And after arriving in Dongjiang, he was not disappointed.

The product in front of him told him that his fame would not be long.

Because it’s so awesome!
No blind spots!
What a genius idea!

Wang Dengfeng even felt that the old leader was too conservative.

Wang Dengfeng took a deep breath, suppressed his inner excitement and nervousness, stood up from the end of the table, and introduced himself in a slightly trembling voice.

"Hello, Mr. Chen and all the leaders. Let me introduce the Zero-Balance Pass project."

"In my personal opinion, the Zero-Balance Wallet project is bound to succeed and has no weaknesses. We have solved three pain points in fund management in one fell swoop."

"First, it creatively subverted the concept of funds and lowered the threshold for financial management. In the past, 90% of people in society had never been exposed to funds, and many people even had no concept of financial management. However, Lingqiantong's concept of small-amount financial management combined with the powerful channel of WeChat will inevitably popularize this concept."

"Secondly, people familiar with the market know that funds are very tight in the market right now, and real estate developers and even banks themselves need a lot of funds. This provides a basic guarantee for the high returns of Lingqiantong."

"Third, it has creatively penetrated into the T+0 function. In the past, it took T1 and T2 to redeem the fund, which lacked convenience, but for Zero Money, this no longer exists."

"Our profits are also very considerable. Tianhong Foundation charges a management fee of 0.3%, Renren charges a sales fee of 0.25%, and the bank charges a custody fee of 0.08%. Therefore, the 'deposit-loan spread' required for Zero-Billion Wallet's profit model is only 0.63%. Compared with the 3% deposit-loan spread of commercial banks, Zero-Billion Wallet can attract deposits at a higher interest rate than banks and lend at a lower interest rate than bank loans. Its competitiveness comes from three aspects: first, the cost of attracting deposits is low. Second, because the loan targets are the highest-quality customers, high interest rates are not required to cover risks; third, money funds do not require reserves, and operating costs are low."

"In short, this is a product without any shortcomings."

Li Xi and others looked at Wang Dengfeng speechlessly.

Dude, do I need to tell you how awesome Zero-Balance Wallet is? I asked you to describe the preparations, but you said a bunch of irrelevant things.

It seems that every sentence is praising Zero-Balance Pass, but in fact every sentence is praising the boss!

You are so capable!
Great at licking.

"Ahem! We have contacted a lot of channels, and they are just waiting for the rice to be cooked now."

Chen Pingjiang nodded: "In that case, hurry up!"

…………

4 month 19 day.

The new version of WeChat was forced to update silently.

Zero-Balance Wallet is officially launched.

Unlike other funds, the fundraising period for Zero-Balance Fund is only one day and there is no closed period.

Li Liang is an ordinary office worker, one of the countless white-collar workers in China, working hard for a wedding gift and a new house.

When Li Liang woke up in the morning, he found that WeChat had been forced to update to a new version.

He perked up instantly.

The last version update was before the Chinese New Year, and the red envelope function was added immediately after the update. "Zhi Qian Tong!? What is this?" After checking the update notes, Li Liang became interested.

After opening the wallet, the Zero-Balance Wallet interface popped up automatically. The "6% yield" written on it immediately aroused Li Liang's interest.

After entering the Zero Balance Interface.

The column is divided into two.

On the left side it says the seven-day annualized yield is 6%, with a string of small words "Zenglibao Currency A" below.

On the right it says cumulative profit 0, yesterday's profit 0.

At the bottom there are two options: "Transfer Out" and "Transfer In".

Li Liang didn't think much about it and clicked on "Learn about Zero-Balance Wallet".

Two contracts popped up immediately.

Tianhong Zenglibao Money Market Fund Fund Contract

Tianhong Zenglibao Money Market Fund Recruitment Instructions

“There is income: you can transfer your spare change and bank card funds to enjoy the income of money market funds.”

“Withdraw at any time: Funds transferred into the bank card can be transferred out to the card for free, and funds within 1 yuan per day can be transferred to the account within 2 hours.”

“Direct Spending: Like change, it can be used as a source of funds for red envelopes, transfers, consumption, etc.”

“Safety is guaranteed: Renren Group backs it up, guaranteeing an annualized return of no less than 6%.”

After reading it, Li Liang suddenly reacted and shouted "Oh my god!", and his sleepiness was immediately driven away.

Without saying a word, he transferred 10,000 yuan from his bank card into the account.

He was deliberately careful and only transferred 10,000.

"What if I really can't get rich?" Li Liang swallowed and silently calculated the accounts.

As a social animal, he has no fixed deposits at all in order to prepare for emergencies, all of his money is in current accounts.

The current interest rate for current accounts is only 0.4%.

There is no difference between having nothing.

However, the same amount of money placed in Zero-Balance Wallet can achieve a guaranteed annualized return of 6%.

If it were any other company, he still wouldn’t believe it.

But Renren is the backer, so it is very trustworthy.

The annual income of 1 yuan is 600 yuan.

This translates to 1.64 yuan per day, or nearly 50 yuan per month.

Make a lot of money.

If you save 10 yuan, wouldn't that mean a monthly income of 500 yuan?

Deposit 100 million and earn 5000 yuan per month.

Damn, my salary is only 5000 yuan.

"I'll deposit it today and get the profit the day after tomorrow. If it's really like what he said, I'll deposit all the 20 yuan in my bank card and earn an extra 1 yuan a day."

After doing all this, Li Liang opened his Moments and Weibo with some excitement.

I just realized that this has been hotly discussed online.

"I used to think that funds were something very high-end and only played by rich people. I never thought that losers like me could actually get some of the benefits."

"Will this be a loss? I don't dare to buy it."

"Invest blindly. Renren has the confidence to say that it has a guarantee. What are you afraid of? Besides, this is a money market fund, so there is almost no risk."

"I saw the news that Renren.com had invested in Tianhong before, but I didn't expect it to end up here. It's really amazing. The annual interest rate of 6% is almost the same as a five-year large-denomination certificate of deposit."

"But you can't spend it whenever you want. Other funds also have this kind of income, but the lock-up period is too long. Zero-Balance Wallet is different. You can spend it whenever you want without any delay."

"I want to save money, and I will deposit 100 yuan every day from now on!"

On the first day of its launch, Zero-Balance Wallet gained 20 users, and the same number remained on the second day. On the third day, the number jumped to 20 million.

Because the first batch of users had received benefits, information spread very quickly through word of mouth.

This was achieved without any publicity on Renren and WeChat.

The fund shares jumped to 556 billion yuan in just a few days.

This directly shocked everyone inside Tianhong.

The industry has gone crazy too.

Those big funds that had previously rejected Li Xi’s request for cooperation were all humiliated.

Blind.

Such a piece of fat meat was rejected by a shabby company like Tianhong.

It would be fine if the fund companies just stamped their feet.

Internet companies are also going crazy.

Can you still make money this way?
Why didn't I think of that?
What are you waiting for?
Hurry up and grab the money!
If it’s too late, there will be no meat.

Anyone with a discerning eye can tell that this thing makes a lot of money.

In an instant, within a few days, giants such as Baidu, Alibaba, Tencent, and NetEase entered the market.

I was frantically looking for reliable funds in the market.

This wave is truly a two-way movement.

Internet companies are looking for funds, and funds are also looking for Internet companies. (End of this chapter)