After Hu Gang's operation, Ruixiang's shareholding in Hantai Fund was quickly approved by the China Securities Regulatory Commission, and it officially became the second largest shareholder of the fund company, accounting for 49% of the shares.

2 Internet small loan licenses, 1 insurance agency license, 1 fund sales license, plus half a public fund license, basically the financial licenses required for the next development have been taken by Ruixiang.

With the license in place, Ruixiang also began to develop financial products under Zhang Yida's will.

First of all, the insurance supermarket and fund supermarket sectors, like the loan supermarket, have access to the products of many external insurance companies and fund companies.

Ruixiang Technology is responsible for diversion, insurance companies and fund companies to provide financial services. The purpose of this is also very simple, to provide users with richer and more comprehensive financial products, which users can choose to purchase freely.

The two Internet small loan licenses are used as the operating entities of the "Investment and Financing Wallet" and the "Investment and Financing Exchange IOU" respectively.

As an "offline consumption installment" product, Mung Bean Credit provides reference data to select the first batch of 100,000 users with the best qualifications from the hundreds of millions of users of Ruixiang Group.

This amount cannot be withdrawn and can only be used for consumption at Mobao Pay offline cooperative merchants. The amount of consumption can be repaid in 3, 6 and 12 installments, with interest rates ranging from 12% to 24%.

The IOU is also provided by Mung Bean Credit for a whitelist of users, and 100,000 places will be opened in the first phase.

The daily interest rate of the loan ranges from 1.5 to 6 per 10,000, and the risk pricing is different according to the customer's qualifications.

You can borrow in four installments of 3, 6, 9 and 12 months, or you can repay the loan in advance with interest calculated on a daily basis.

All the loan funds were provided by two Internet microfinance companies, each of which deliberately increased its registered capital to 300 million yuan.

600 million funds, credit 200,000 users, logically speaking, the average credit is 3,000 yuan.

However, it is not possible for all users to borrow money at the same time. Therefore, the credit line has been doubled, and the average credit line per user is 6,000 yuan.

These 200,000 users are the best qualified users selected by Ruixiang Jinke Group from hundreds of millions of users, and are lent by the company's own funds.

The early stage belongs to an observation period to observe whether the product has loopholes, as well as the user overdue rate and bad debt rate.

After all the processes are on the right track, the two Internet small loan companies under Ruixiang Group can introduce funds from licensed financial institutions such as banks, trusts, insurance, and consumer finance to jointly issue loans.

Hantai Fund Co., Ltd. and Ruixiang jointly launched a money market fund, "Coin Treasure".

Coin treasure was put on the shelves to the most conspicuous position in the major apps of Ruixiang, and began to attract users with all its might.

As a money market fund, it can be withdrawn and deposited at any time, which is quite convenient, and the yield is not worse than that of Yu Yu Bao, which fluctuates between 4% and 5%.

As soon as it was launched, it immediately triggered a rush to buy.

......

When Ge Erping went to the supermarket to buy something today, he found that he had forgotten to bring his wallet, and the money in his bank card had only been used to repay his credit card, and the funds had not been replenished in time.

Ge Erping was a little anxious, and the aunt at the cashier said mercilessly:

"I've been standing for a long time, young man, do you still want to buy it? ”

"To buy, to buy, just forgot to bring a wallet. Ge Erping smiled all over his face, hurriedly got out of the way, and stood aside.

"Dong" The mobile phone rang, and Ge Erping saw that it was a pop-up message from the Touronghui APP.

"Congratulations on getting the 10,000 yuan quota of the investment and financing wallet, which is only for consumption by Mobao payment cooperative merchants. ”

Ge Erping hurriedly clicked on the message and went in to learn more about this product.

"It turned out to be a consumption installment quota!" Ge Erping understood, Rui borrowed money from the company to him, and this money could not be withdrawn to a bank card, but could only be used for consumption.

Approaching the cash register, Ge Erping said with a smile:

"Sister, do you have any cooperation with Mobao Pay? ”

"Well, it's all here, I don't know which one you're talking about?" said the cashier aunt, pointing to the rows of QR codes posted next to the cash register.

Ge Erping leaned over to take a look, there was Alibei, WeChat payment, and magic treasure payment.

Ge Erping hurriedly opened the code scanning tool in the upper right corner of the Touronghui APP, scanned the QR code, and many options popped up.

"Balance Payment"

"Coin Treasure Payment"

"Pay by card"

"Touronghui Wallet Payment"

Ge Erping clicked on the payment option of the investment and financing wallet, and then entered the transaction password, and then a payment was successful.

Ge Erping hurriedly showed the cashier the interface of the successful payment, and said excitedly:

"Eldest sister, you see that the payment has been successful. ”

The cashier aunt hurriedly checked the statement in the background, confirmed that the money had been received, and nodded to let it go.

Ge Erping walked out of the supermarket with a big bag of things, humming a little song in his mouth, and said secretly:

"Today, thanks to the investment and financing, I have given a consumption limit of 10,000 yuan! I'm afraid I'm going to call someone for help. ”

When he returned home, Ge Erping studied the Touronghui APP again and found that a lot of functions had been added.

"Damn, I can still buy funds and insurance. That's a lot of products!

Hey, there is also a label classification, currency fund income ranking, hybrid fund income ranking, equity fund income ranking......

The insurance is also complete, car insurance, life insurance, universal insurance, critical illness insurance, light illness insurance, children's insurance, ......"

Ge Erping found that the investment and financing products are too complete, except for stocks, basically other financial products are available, including wealth management, loans, insurance, and funds......

Ge Erping recharged 10,000 yuan into the change, ready to use it as his usual expenses. Otherwise, if you don't bring your wallet one day, the card will be empty and embarrassing again.

......

Pang Lei reported to Jack Ma:

"Mr. Ma, Ruixiang Jinke has begun to lay out wealth management and consumer credit, coupled with personal credit management, as well as mobile payment, almost all aspects of plagiarism and imitation of our leech financial services. ”

Jackma waved his hand to show that it was okay, and said with a smile:

"The financial market is very big, and we can't finish it. You just have to remember that as long as we have an absolute market share in mobile payments, other companies can't afford to make waves. ”

Pang Lei nodded and said, "I know Mr. Ma." Almost all of the online payment traffic is firmly held by us and Penguin.

Ruixiang can only move offline, and I heard that the offline subsidy is very fierce, and it has seized a lot of the market. How do we deal with it? Do we want to increase subsidies as well?"

Jackma pinched his chin, and then said:

"Leech Financial Service is backed by Ahri, and there is a huge e-commerce traffic as the basic disk. Penguins control socialization and also have basic plates.

Rui Xiangmu: After hundreds of millions of dollars, I don't know how thick the sky is.

Let them subsidize, and when they can't hold on, it's time for us to shoot and kill with one blow.

He is strong, he is strong, and the breeze blows on the hills!

He is horizontal, and the bright moon shines on the river!"

Jack Ma loves martial arts and unconsciously chanted two lines of poetry.

Pang Lei snickered, this Ma is obsessed with martial arts.

She also understood what Mr. Ma meant, that is, let Ruixiang be rampant for a few days, and no matter how much user subsidies there are, there is no basic disk of its own, and it is rootless.

When the subsidy stops and the funds can't hold on. It's time for the leech to enter and fight back.

Reverse thinking, this is very total.

Jack Ma said again:

"Ahri will be listed in the United States next month, and we can't just focus on China.

Leech Financial Services will start independent financing next year, we have to take a long-term view, and Southeast Asia can also extend its tentacles first. ”

Then Jackma sighed:

"When we Ahri rose, the Amazon was already dominating the world. The best opportunity for development has been missed, and the market is currently limited to this corner of Greater China. ”

Then Jack Ma's eyes flashed, and he leaked domineeringly:

"Leech Goldsuit can't go the old way of Ahri anymore. Missed opportunities to grow your business to the world. Next year, we will launch the strategy of going overseas, and the first stop is Southeast Asia. ”

Jack Ma's ambition made Pang Lei also excited, and when the eighteen of them started a business in the villa, Mr. Ma also said the same.

The goals and slogans shouted by Mr. Ma back then were achieved one by one. Now Leech Financial Services, Mr. Ma said that if he can do business all over the world, he will definitely be able to do it all over the world.

She is convinced of this.

In Pang Lei's next work, in addition to continuing to consolidate the mobile payment market share of Leech Financial Services online, offline promotion also continues to be carried out according to the set rhythm.

No hurry, no increase in subsidies, and no increase in advertising.

Even Zhang Yida was very curious, waiting for Ahri's sniping and never waiting.

Zhang Yida guessed that maybe the giant was brewing a big move, so he let himself jump for two days first. When you're tired, it's time to make a move.

Looking at the financial report of Mobao Payment on the table, Zhang Yida was also a little shocked.

"As of August, Mobao Pay has a total of 35 million transaction users, 4 million account opening merchants, and a total of 550 million yuan in subsidies. ”

Zhang Yida made a preliminary calculation, and by the end of the year, it is estimated that it will reach 100 million trading users and tens of millions of account opening merchants, and the subsidy will have to burn at least another 1 billion.

A total of 3.1 billion yuan was raised in the B round of financing, 800 million yuan was invested in scientific and technological research and development, and 8 billion yuan was used to acquire financial licenses and daily operations. 1.5 billion yuan for mobile payment subsidies and attracting new users.

All the funds were arranged in this way, and by the end of the year all the financing was almost gone.

However, if Mobao Pay has 100 million transaction users and tens of millions of account opening merchants, the valuation of this business will also increase a lot.

Ahri and Penguin are currently mainly focusing on online business development, although offline business is also developing. However, they still have a tacit understanding with each other, silently exploring the market, and have not started the subsidy war for the time being.

Next year, 2015, everyone should have almost opened up the market. That's when the bayonet came to fruition.

If Ruixiang is understocked with ammunition during the subsidy war, it is estimated that the market it is now opening up will definitely be lost.

Users are very sensible, whoever pays the red envelope is big, and the one who gives it frequently will use which product.

The rich are the dads!

Zhang Yida didn't dare to take it lightly, and had already thought of countermeasures in his heart. At the end of the year, the C round of financing was launched, and all the money raised was invested in the subsidy war.

Other products with multiple lines can only be self-reliant.

Tighten your belt and get by!

Zhang Yida said with emotion.