Yu Wenfei was not surprised, he had already reminded Li Xin not to be confused by the performance of WeChat when it was first launched.

Because the design concept of WeChat determines that its audience is different from QQ.

WeChat is a "minimalist style" and practicality, so it will be more popular with some college students, white-collar workers, and older people.

But for middle and high school students, these people are "bells and whistles".

WeChat has no hierarchy, no "sun, moon, stars" to hang, and no QQ show or anything like that, but WeChat is very functional, the message transmission is stable and reliable, the mailbox system is very easy to use, and the interface is refreshing.

Therefore, after a period of time, WeChat's user base has slowly stabilized, and it has now been loved by some college students, and is slowly encroaching on MSN's territory in the workplace.

Of course, it will take time to completely replace MSN.

40 million daily active users is already very, very good for a software that has just been online for less than a month.

But Li Xin and some shareholder representatives are not satisfied, because this is a project they have high hopes for, and it has just been put out at a valuation of 5 billion US dollars!

No one sees it as a new project, but a new generation of online instant messaging giants standing on the shoulders of many companies in the Facebook family!

So the expectations for it are naturally very high.

The daily activity of 40 million is obviously not satisfactory.

"It doesn't matter, WeChat is a long-term project, and you don't have to worry about temporary gains and losses, not to mention, WeChat's current situation is not bad. Don't look dejected, I don't know how much WeChat has failed, haha......" Yu Wenfei smiled and comforted everyone.

The rest of the shareholders also laughed, Yu Wenfei was right, MSN has sprung up under the two mountains, and within a month of its launch, it has surpassed MSN in the domestic market, and has even formed a threat to QQ, which has done a good job.

Listening to Yu Wenfei's comfort, Li Xin's face also relaxed, he has been under a lot of psychological pressure for a while.

"Summoning everyone here today, in fact, what I want to talk about is a function of WeChat, a function that has not been fully utilized. Yu Wenfei said, everyone also became serious and listened to him carefully.

"That's WeChat Pay! This function may not have realized its importance to many shareholders here, so I specially invited our Citi friend Jack over, and he must have a deeper understanding of this. Yu Wenfei said, turning his head to look at Jack, the shareholder representative of Citibank.

Jack, with short blond hair and a burly figure in a suit, nodded.

He said: "WeChat payment, I have done research recently. Frankly speaking, I didn't take a stake in WeChat at that time, and I kind of regret it!"

Everyone was a little puzzled, at that time, Yuwenfei gave everyone the opportunity to invest in WeChat, but Citi refused and gave the opportunity to Shen Nanpeng. Now that he regrets it, what is he selling?

"Internet instant messaging software, for us, is not very tempting. After all, our main business is still a bank, not a venture capital, not to mention that the valuation of WeChat was already very high at that time, and no one could take advantage of Feizong's cheapness, haha. Jack laughed.

Everyone nodded, Citi's decision at that time could not be said to be wrong, they had their own judgment and basis.

"Why do I regret it a little, it is because of this WeChat payment! This kind of network payment has actually had a successful precedent in Europe and the United States, that is, PayPal, everyone should have heard of it. Jack explained.

PAYPAL IS AN AMERICAN ONLINE PAYMENT COMPANY THAT WAS ACQUIRED BY EBAY FOR $1.5 BILLION.

"Even if WeChat Pay achieves the scale of PayPal, in fact, the value is not too big, and it will not arouse our interest at Citi. However, recently, because we have cooperated more with Mr. Fei, we have studied Mr. Fei's investment trajectory again and found an interesting thing.

That is, Mr. Fei is also one of the major shareholders of Shanghai Pudong Development Bank, and WeChat Pay has a very close relationship with Shanghai Pudong Development Bank!

Therefore, we speculate that in the future, WeChat Pay will develop in the direction of online financial comprehensive services?

If that's the case, the future of WeChat Pay is too bright!

And, for the financial business, we at Citi are very interested. ”

Jack said all his thoughts in one breath, and he looked at Yu Wenfei with an inquiring meaning in his eyes.

Yu Wenfei smiled and said, "This is what I have gathered everyone to talk about today." ”

He waved, and Pei'er behind him stood up, took out a thin stack of folders, and handed out one to everyone in the room.

When everyone opened it, their expressions became cautious.

The file in the folder is titled "On the Plan for Spinning Off WeChat Pay and Establishing an Online Financial Service Company".

This move, which has been in ambush for a long time, is about to begin to play its due role.

Compared with WeChat, WeChat payment is currently not developed, although it already has the function of online payment, but Pudong Development Internet Banking and China Merchants Internet Banking also have this function, so WeChat payment is not currently used by anyone.

Moreover, Alipay, which Alibaba engaged in by itself in the previous paragraph, was directly stopped by the competent banking regulatory department.

However, WeChat Pay also did not open up Alibaba's payment channels, and Alibaba directly connected to the online banking systems of Shanghai Pudong Development Bank and China Merchants Bank, but turned WeChat Pay away.

There is no payment scenario, so no matter how easy WeChat payment is, there is no place to play.

However, Yu Wenfei didn't take it to heart at that time, WeChat and WeChat payment, this is not a project to be rushed, do it first, and then develop.

The reason why I want to take out WeChat Pay separately this time is because the opportunity has come, and I can take advantage of this opportunity to take WeChat Pay forward by a big step!

In this plan, Yuwenfei officially proposed that the function of WeChat payment should be spun off separately to establish a branch. The newly established online financial service company will no longer be limited to online payment, but will develop a comprehensive financial business!

For example, financial leasing business in domestic and foreign currencies, absorption of fixed deposits of shareholders with a term of more than one year (inclusive), acceptance of lease deposits from lessees, transfer of lease receivables to commercial banks, issuance of financial bonds upon approval, interbank lending, borrowing from financial institutions, overseas foreign exchange borrowing, sale and disposal of residual value of leased items, economic consulting business......

In the future, it will even include insurance!

That's all the business of a bank!

............

"Are you sure you can get a financial license?" said Citibank's Jack in surprise.

He is most familiar with these and of course the most interested.

In order to break into the domestic banking industry, Citibank does not know how much work it has done and how much human and financial resources it has invested, but until now, it still has not really controlled any bank.

"There is a certain certainty, and these are only long-term goals, for the time being, it is still based on online payment, and at the same time began to establish a personal credit system for Internet users, these things, can be cooperated with Shanghai Pudong Development Bank. Yu Wenfei replied seriously.

According to his plan, WeChat Pay is indeed not suitable as an auxiliary function of WeChat, because the prospect of this business is exciting!

This is another $10 billion project!

"The project is very good, but ...... It is very difficult to do financial business in China in terms of promotion. Speaking of online payment, there is now online banking of regular banks, and our WeChat payment is basically useless, and there is no place to use. So this plan ......," Shen Nanpeng cautioned.

What he said is indeed reality, the ideal is very plump, but the reality is very skinny.

Even the basic online payment function has not yet been promoted, and in the face of competition from several major banks, why should users trust the financial services of your private company?

In China, in terms of credibility, private companies are still incomparable to state-owned banks.

"If there was no solution, I wouldn't have called everyone over today. Let's say that if you invest two or three billion US dollars to directly promote WeChat Pay, reach the level of 10 million users, and all users are high-quality users, and make a certain amount of online payment through WeChat Pay. So, do you think it's worth the money?" Yu Wenfei said calmly.

Everyone was stunned for a moment and began to think about Yu Wenfei's words.

According to him, it is to spend two or three billion US dollars to directly push the WeChat financial business to the level of tens of millions of users, and all these users are the best quality users, each of them is a real user, and it is the kind that is activated.

If this effect can really be achieved, these two or three billion dollars will be too worth it!

Financial users, especially high-quality, high-net-worth users, are too precious.

What's more, if WeChat Finance can have so many high-quality users, then it has become a de facto online financial giant in the mainland, and when the user's credit system is established, it will be even more difficult for latecomers to compete with it.

"If we can achieve the effect that Mr. Fei said, then of course it is too worthwhile! What does Mr. Fei need us to do?" Shen Nanpeng was the first to ask.

Yu Wenfei smiled slightly, "Of course, it is to let everyone have the money to contribute, and they have the strength to contribute." If you want to build a network integrated financial services company, you need a large number of professional financial professionals, and the initial start-up capital, that is, the 300 million US dollars I said, which shareholder can pay it?"

WeChat Pay is a division of WeChat Technology, and if the company is set up separately, the original shareholders of WeChat Technology will naturally directly own the corresponding shares.

That is, Yuwenfei occupies 70% alone, SoftBank Capital 10%, Modu International Trust and Investment Company 10%, Shen Nanpeng 0.90%, and Jiaotong University Venture Capital 0.1%.

"I don't know if we can give us Citi this money!"

Before anyone else could speak, Citi's Jack couldn't wait to speak.