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280. Create Alipay

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With a lot of harvest, blessings from relatives, and a period of promises, Li Yifan returned to China.

However, his first stop to return to China was not Beijing, but to Hangzhou first. In the past six months, the top 40 thieves have developed rapidly and invested in two venture capital companies. Now they have gained a foothold in the domestic Internet trading platform.

Wang Teng had been in contact with Li Yifan before, asking him to go over and take a look and help him sort out his ideas, but Li Yifan delayed his trip because of this Canadian execution.

The construction and development of the website are now on the right track, but Wang Teng is still a little confused about the future development of the website, especially under the segmented market model.

Now the major shareholder of this website is Li Yifan and Wang Teng. During that negotiation, Wang Teng gritted his teeth and did not give up too much about the two venture capital funds, so they now hold nearly 70% of the shares of the website. After that financing negotiation, the company held several meetings to re-dividate the equity.

In some equity division meetings, of course, the biggest winners were Wang Teng and Li Yifan. Although Li Yifan did not attend the meeting once, he, the mysterious major shareholder, was the correct position when he was on the team and his unlimited support for Wang Teng, so far, he became the second largest shareholder of this website after Wang Teng, and the equity ratio was once as high as 20%.

The current top 40 thieves are no longer the grassroots websites with more than a dozen people and seven or eight guns. After more than a little time, the injection of venture capital, and the support of the vitality of the Celestial Market, this website has become the leading b2b website in China.

It not only opened up a new sales model for many small and medium-sized businesses in China, but also provided an excellent platform for communication between domestic and international businesses.

It has been just one year since its establishment, and the soft power of this network company has been in rapid expansion, and in this year's half-year profit report, there has been a spending balance. It is expected that it will be very likely to start entering the profit model in the next quarter.

This situation was nearly two years earlier than the original Forty Thieves. You should know that in the last life, these Forty Thieves websites did not start to enter the profit model until the end of 2002. After that, with the opening of the Break-Snap Network, the website began to truly soar. In just a few years, it became the world's largest trading platform with annual transaction volume of over one trillion yuan.

Even the founder of ebay.com, the founder of the online trading world, was left far behind by him.

And in this life, the reason why the website can enter the profit model two years in advance is entirely because of some rational suggestions made by Li Yifan to Wang Teng before, which has led to the development of the Forty Thieves websites, which have taken much less detours than before.

This time, just like before, Li Yifan went to give Wang Teng advice.

The plane arrived in Hangzhou at night, and Wang Teng was still here to pick it up. There was no one else. As one of the most mysterious major shareholders of the company, some of the founding veterans of the website were released, and many employees of the forty thieves actually didn't know Li Yifan's purity.

It was still the hotel converted into a former sanatorium by the West Lake. It was still the independent villa. Wang Teng didn't care about Li Yifan's hard work, so he asked the hotel to prepare a table of food and then started eating and drinking.

"Haha, Brother Wang, it seems that you are so happy when you are happy."

Li Yifan took a sip of beer and smiled and said as he looked at Wang Teng.

"Haha. Who said no? The company has developed very well recently, and I am of course happy."

Wang Teng said to Li Yifan with a smile. This can be seen from his outfit and the car he drove. Last time he was driving a Buick business car, but now he has changed into Mercedes-Benz, not to mention his outfit. Although he was also wearing famous brands, most of them were domestic brands or general brands such as Jinlilai, but now he has become a world-renowned first-tier brand.

"Haha, that's good. The company's development momentum is good. This shows that our previous strategy is correct. As long as we persist along this path, we will have a more brilliant tomorrow."

Since you have already held your big and thick legs, you have to hold them firmly.

"But now there are several problems that have been bothering me, that is, the profit model of our website. In fact, you also know that our website is actually an intermediary. By providing a platform, traders can show their brands to the fullest. The more famous people come to our website, the more people come to our website, and now it involves all walks of life and is very complicated."

Wang Teng frowned as he said that he was very thin. Although the company has developed well during this period, he has not gained weight. When he frowned like this, his whole face looked extremely ugly.

"Isn't this a good thing? Why do you feel a little headache with Brother Wang?"

Li Yifan felt a little strange.

"Hey! There are more people coming to our place to advertise, of course it is a good thing, but there are more scammers here, such as some fraudsters, who also learn about the merchant's information through our website, and then they will ask the other party to ship the goods first according to the merchant's eagerness to ship, and they only pay a certain deposit, etc. However, once the goods are received, they disappear and the remaining funds are not available. In this way, many merchants who advertise on our website have suffered losses, especially in recent times, as our website becomes bigger and bigger, these scammers are becoming more and more rampant, and many merchants have suffered losses. I have come to our place to complain... I am afraid that if this continues, it will have a very serious impact on our website over time..."

This is how love is. Li Yifan sighed in his heart, but he immediately had the next step to deal with it. This is another innovation made by Wang Teng in his previous life, that is Alipay.

At that time, the launch of this third-party payment platform made many consumers very popular because it not only ensured the safety of transactions between the buyers, but also later derived countless flexible uses, such as paying for water and electricity bills, which is a good thing.

In later generations, Wang Teng and others founded it in 2004. However, in just three years, the number of people using Alipay increased by hundreds of millions, and in 2007, the daily transaction volume could exceed 100 million. Five years later, the amount of transactions on Alipay alone could reach hundreds of billions per year, which shows how powerful this thing is.

As long as the cooperation with banks is done properly, if you get a few thousandths of a return from the bank for every transaction, then this payment platform can make billions of profits every year.

What else can be a quicker deal than such a simple idea to make money?

Wang Teng and his team figured out this third-party payment model and after they launched the market, they never thought that such a transaction model would be so successful and so popular.

So much so that he himself, even when Alipay grew rapidly, could not keep up with the pace. He was even scared by Alipay's huge profit every day. In addition, for a period of time, because the domestic political situation was not very stable, there were even rumors that he wanted to hand over Alipay to the country to stabilize his position.

This shows the profitability of this gold-swallowing beast!

When Li Yifan explained this idea to Wang Teng, Wang Teng's expression was a little hesitant.

"Is this possible? You should know that third-party payments that are independent of the banking system have not been used in China. If you are not careful, you will easily be labeled as illegal fundraising."

Wang Teng is very worried about the openness of the domestic financial field. After all, such a third-party payment field requires the company's integrity to be very good. If someone makes a little move, it may cause an avalanche collapse.

"This depends on a strict regulatory system, and the most important thing is to handle relationships with various banks. In fact, they are unwilling to do such third-party payment platforms, but if they can bring them huge profits every year, do you think they are willing to support you?"

Li Yifan still knows the current situation of domestic banks. At this time, they were asking grandpa for loans to people. Especially in this era of reform, their main experiences were all on lending. They were not very interested in third-party trading platforms that were unknown.

"We can take it slowly. We don't have to eat a fat man in one bite. We can contact several banks to cooperate first. After we have achieved results, we don't have to go to them. They will also take the initiative to come to us..."

Li Yifan's words still made Wang Teng feel moved. Indeed, this third-party payment platform can indeed provide customers of the forty thieves websites with good protection, which is a good guarantee for both the buyer and the seller.

"In conjunction with this, we must also establish a very strict risk pre-examination system. For traders suspected of fraud, we must firmly eliminate them. They appear on our website..."
Chapter completed!
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