Reborn: Billionaire in College

Seeing these two people coming here at the same time, Chen Pingjiang felt a headache.

I can only say that everyone wants to make progress.

The three of them gathered together in the office.

Gao Songbin made a "please" gesture: "Laocheng, you speak first."

"Boss Gao, I'm fine. You go first."

"I say, what do you think this place is? You're still trying to refuse. Lao Cheng, you go first."

Cheng Congwu, who is 49 years old today, has enjoyed a second spring in his career after Renren acquired AutoNavi.

He is not short of money, he just wants to leave something in the history of China's Internet.

Cheng Congwu nodded and smiled at Gao Songbin: "AutoNavi wants to do taxi-hailing business. There is an Uber abroad, which has a good concept. AutoNavi has the right timing, location and people, so it will definitely succeed."

When Cheng Congwu spoke, Gao Songbin's face turned green.

"I...we at Renrengou also want to do taxi-hailing."

This time, both of them were dumbfounded.

Chen Pingjiang sighed, looked at Cheng Congwu, then at Gao Songbin, and then shook his head helplessly.

It made the two of them feel creepy.

"Mr. Chen, this is a really good project."

"Of course I know the project is good, but... let's talk about Renrengou, do you have the energy to keep up?"

Gao Songbin patted his chest and said, "Absolutely no problem. Meituan and Ele.me won't be able to stand still."

Chen Pingjiang asked back: "What position do you plan to place taxis in within the group? Is it as important as takeout group buying?"

Gao Songbin shook his head: "That's not the case. Takeaway group buying is the most important business within the group."

"In that case, then don't do it." Chen Pingjiang made the final decision.

He immediately choked back Gao Songbin's next words.

Seeing that he was still a little unconvinced, Chen Pingjiang smiled and said, "It's only been less than a year since the takeaway service was launched. Are you really doing well? Obviously not. You can't bite off more than you can chew. Renrengou has already gained a foothold in the Internet world by relying on group buying and takeaway."

After saying that, Chen Pingjiang turned his head and looked at Cheng Congwu who was smiling.

"You guys, AutoNavi... are almost the same as Renrengou to be honest. Now Baidu Maps is even better than you. In fact, the focus should be on..."

Before Chen Pingjiang finished speaking, Cheng Congwu interrupted anxiously, "Mr. Chen, I know what you mean. But we have a huge amount of traffic, but we don't have our own monetization tools. We are just a service provider, and there is no future. Baidu has at least done Nuomi group buying. Now our group has Rengou doing catering, entertainment and hotels. We can't go in. One map can't cover food, clothing, housing and transportation."

"But entering the taxi service is a very natural logic, and it can also monetize the huge traffic."

Chen Pingjiang nodded, agreeing with Cheng Congwu's statement.

Today, AutoNavi mainly relies on its underlying business of maps to engage in B-side business, including car navigation, Internet location services, etc. BMW, Honda, Google and others are its customers.

Cheng Congwu and everyone else at AutoNavi are obviously unwilling to become a traffic cow that only knows how to milk.

This idea is very normal.

Cheng Congwu continued: "If AutoNavi doesn't find a direction, it will only be a service provider in the future."

Seeing that Cheng Congwu was so excited, Gao Songbin took a step back awkwardly.

He knew that his own products had no competition.

Sure enough, after a long time, Chen Pingjiang finally nodded: "In this case, let's give it a try."

To Cheng Congwu, these words sounded as beautiful as the voice of an angel.

It will also be able to directly elevate AutoNavi's status within the group.

As a wholly-owned subsidiary of Renren, AutoNavi's position in the group is rather awkward.

Not only is its revenue and profit not as good as those of flagship products such as games, Weibo, WeChat, and Toutiao, it is even far behind Renren.

At most, it’s a little higher than Zhihu.

But after the launch of the taxi-hailing service, its importance instantly became on par with WeChat and Weibo.

"Laocheng, congratulations." Gao Songbin said with a smile.

He wasn't too depressed.

It would be best if the big boss could approve it, but it doesn’t matter if he can’t. Renrengou’s business is already big enough.

Indeed, the energy may be unsustainable.

"Haha, thank you. Let's drink together tonight."

Cheng Congwu has always wanted to prove his ability, and now he finally sees some hope.

Normally, such matters would require a general meeting to discuss and approve, but on Renren, just one word from Chen Pingjiang was enough.

After receiving the approval, Cheng Congwu went out happily with Gao Songbin.

Chen Pingjiang smiled and shook his head.

If Cheng Congwu hadn't come to him, Chen Pingjiang might have invested in one.

Because this thing really doesn't make money, it just has some traffic, but Chen Pingjiang himself has no shortage of traffic.

But as Cheng Congwu said, it’s a pity that Gaode doesn’t provide taxi-hailing services.

…………

Just as Chen Pingjiang said.

The next day, the relevant person in charge of the China Banking Regulatory Commission spoke in the "Daily Economic News".

For service charging items that involve the public interest, banks should give careful consideration, widely solicit opinions, and implement them prudently to focus on improving the level of financial services.

Although this statement is implicit, it is actually a signal that the leaders above have changed their minds.

However, the specific changes still need discussion and research.

As expected, the four major banks lifted their blockade on Chen Pingjiang. This was due to the leadership of the CBRC and the fact that Chen Pingjiang had a face-to-face meeting with the relevant persons in charge of the four major banks.

Chen Pingjiang just said the same thing to every family.

"China is bound to become a cashless society in the future. This is not difficult to judge. When there are more and more smartphone users and all offline merchants accept WeChat Pay or Alipay, even when paying water and electricity bills, cash will not be used. Will you still be able to collect the handling fees?"

"The reason why the interest rate of Zero-Balance Wallet is high now is because of the 'money shortage' and because it has just been launched. I believe that it will gradually decrease over time and eventually form a balance."

On the one hand, there are words from the leaders of the CBRC, and on the other hand, there is the power represented by Chen Pingjiang himself.

The Big Four banks eventually had to take a step back.

In return, Chen Pingjiang also deposited a portion of the funds of his subsidiaries in the accounts of the four major banks.

A small action or a small statement caused a huge response from the outside world.

Even if the topic repeatedly became a hot search, it was immediately removed by Chen Pingjiang.

Take advantage and run, don't continue to create conflicts.

Interestingly……

Seeing how easily Chen Pingjiang could do this, Jack Ma asked the bank to take a step back on a small scale.

Suddenly I felt like I could be a little braver.

"Anyway, Chen Pingjiang has opened a gap for us this time. In the future, these banks will have to make up for the loss of commission income from other sources." When Ma Yun spoke, his face was distorted, perhaps because he was too excited. "P2P small loans are very popular now. We can take this opportunity to enter decisively. Combined with Taobao and Tmall's online shopping, we can now open a loan quota similar to the credit card model. Spend this month and pay it back next month, or you can pay in installments."

"If users want to borrow money, we will charge 24% interest. I thought about it for half the night last night and came up with a good name - Huabei."

Everyone responded with approval.

"This is a great idea, Mr. Ma. We have a ready-made consumption scenario. Not only can we collect interest, but we can also boost Taobao and Tmall sales. It's like killing two birds with one stone."

Peng Lei also smiled and said: "We can also set up a credit system to give each Alipay user a score and determine the Huabei credit limit based on their consumption records. This will better ensure the safety of funds and avoid bad debts to the greatest extent."

"Then we will start now and try to complete it within 13. Our current task is to promote Yu'ebao. Chen Pingjiang has helped us solve the problem, so we will promote it vigorously to grab their users and cash deposits. In addition to Yu'ebao, we can also launch Yu'ebao and so on."

The more Lao Ma spoke, the more excited he became, and he felt much more energetic.

I have been suppressed too much by Chen Pingjiang in the past few months, and today I am finally a little happy.

Although the pace of growth is still too slow.

Chen Pingjiang didn't expect that his unexpected action would actually fan the wings of a butterfly, causing Huabei to come out earlier.

According to the normal order, JD.com's Bai Tiao should come out first.

But he doesn't care about this anymore. He just won't touch consumer credit products.

Even if WeBank becomes successful, Chen Pingjiang does not have to plan to touch consumer-level personal credit products.

More people can consider corporate loans to help small and micro enterprises in urgent need of funds grow steadily.

Chen Pingjiang, who has been through this, knows all too well the nature of banks.

It is difficult for small and micro enterprises to obtain loans from banks.

Banks will only give money to high-quality companies. Even if those companies are not short of money, banks will beg them for loans.

As for companies that really need money, those with potential can only stand aside.

This results in the loan being unable to be disbursed.

Companies that are short of money are still short of money.

A few days later!
After being freed from its shackles, Yu'ebao suddenly expanded its promotion efforts.

It claims to offer an annualized interest rate of up to 7.2%.

At this time, Baidu also took action.

The partner is also China Asset Management.

Both parties withdrew from the "Baifa" financial management plan with an annualized rate of up to 8%.

Chen Pingjiang smiled and shook his head: "Li Yanhong is really crazy. He can't even do 8%, but he is responsible for making up the difference, and it is guaranteed by a guarantee company."

Li Xi was a little annoyed: "It's really a mess. Since we started, all these treasures have popped up like mushrooms after rain. Baidu is even more reckless, directly going for 8%, and that's the minimum."

Chen Pingjiang chuckled: "You can't blame Baidu for the guarantee. We were the first to start it."

strictly speaking.

When migrant workers in the financial circle promote their products to the outside world, they must always mention the word "expected" when talking about returns, and must never mention the word "capital protection".

In the past, the two oldest industries, banking and securities, have suffered a lot from rectification, and the regulators are keeping a close eye on them every day.

Since Chen Pingjiang, when Internet finance tycoons came, it seemed that all regulations were nothing but clouds, and they directly used the mysterious fist to legally circumvent supervision.

It’s just that Chen Pingjiang still has some dignity, while Li Yanhong is acting recklessly.

He also knew that without the 8% gimmick, he could not beat Zero-Balance Wallet and Yu'e Bao.

Baidu mainly makes money by gaining users and credit.

Baidu first established its reputation and image of "Baidu produces high-yield products" by offering a super high rate of return, and secondly, it also attracted many users to Baidu Pay. In order to control costs, the scale was limited to 10 billion. It doesn't matter if it loses money on this order, the main purpose is to gain a reputation.

This is how the game works in the Internet era. In the end, it’s all marketing. When financial workers are still calculating whether each product will make a profit or not, Internet companies are willing to sacrifice their children and start preparing to trap the wolf.

In this regard, Chen Pingjiang, Jack Ma and Robin Li are all similar.

Chen Pingjiang doesn't think he is nobler than anyone else.

By doing this, Baidu will naturally attract users.

It is good for users to participate, and Baidu will definitely not default on the first order. However, when the wolf is already in the cage, it is difficult to expect to have children to eat every day. The final rate of return will still have to slowly decline.

What Chen Pingjiang didn't expect was that Xiao Ma Ge couldn't hold back and called to express that he also wanted to join the game.

Ok!

Northwest Shanxi is in chaos. (End of this chapter)