Extraordinary Genius

The representatives of the four major banks were shocked, so Baobao is also Feng's company?!

Baobao was not developed by Ebay, but by another company, but their first big customer was Ebay. Ebay tried to acquire Baobao, but was stopped by Kirilenko.

Because Baobao, has already been acquired by Feng Yu.

When Ebay planned to spend $300 million to acquire Ebay, Ebay's shareholders believed that Ebay was worth at least $600 million. At this time, although Baobao is not yet listed, the market value is not worth $100 million.

Prices on both sides were doubled and natural negotiations were unlikely to succeed. But Feng Yu waved his hand and let Ralph talk about it. It doesn't matter if the price is higher. Importantly, it must be fast.

As a result, Feng Yu, at any cost, bought six hundred million dollars directly from Baobao. At the same time, give the two founders, four percent of each share, to keep them running. Baobao's original technical team was also awarded two percent of their shares to continue providing technical support to Baobao.

With Baobao, why should Feng Yu develop payment packages?

There are two reasons. The first point is that Laobao and Alipay are still very different. The second point is that when a company achieves a de facto monopoly, it will inevitably be targeted by the industry as a whole. For example, Microsoft, it was almost forced to split, and Yahoo has been split into Yahoo, Yahoo Asia, Yahoo Europe and other companies.

Instead of being split up, it would be less monopolistic and more comprehensive to capture the market of third-party payment platforms.

In previous generations, Baobao and Ebay were very different. Baobao is the equivalent of an online credit card, whereas payment packages are the equivalent of an online savings card.

At the beginning of its design, Baobao was based on online banking and slowly developed into a virtual credit card. Payment packages are designed on the basis of payment guarantees, which are the core, slowly moving towards virtual savings cards.

Baobao has expensive handling fees, which are the main source of profit for Baobao. Payment packages, on the other hand, are primarily accounts, both for the sedimentation of funds and for the value of big data based on consumption data, which is more important than that fee. But at that point, the interests of those banks were moved.

So in previous life, Baobao developed quickly, but the payment package developed a little slowly abroad, because it was boycotted by those banks. Of course, it's best for the bank to know.

Baobao tends to protect buyers and can refuse to pay as long as buyers disagree. Payment packages tend to protect sellers. Is Amazon the B2C model? Sellers are the company itself, so that buyers can effectively avoid taking goods but refuse to pay.

Baobao is more suitable for Westerners who prefer to consume in advance, while payment packages are more suitable for Asians who do not like to consume in advance. Even before Feng Yu was reborn, many Huaxians never used credit cards in their lifetime. In many countries, such as Europe and the United States, when they are old enough to apply for a credit card, they all do so quickly.

Credit cards can stimulate consumption, but can easily create subprime mortgage crises, or so-called blankets. You don't need to earn money, consume it from Bank A loans, then loan from Bank B, repay Bank A credit cards, then loan from Bank C, repay Bank B credit cards.

Once the loan and repayment accumulate a certain amount, the overdraft amount will also increase due to the credit increase, which seems to be a good way to spend money without ever having to make money.

But when something goes wrong with either of them, the person goes bankrupt. Bankruptcy would result in a bad debt. It doesn't matter if one person or two, but when a million, two million people are like this, and even more people are like this, then the crisis comes.

So Baobao and Alipay are still very different, you can have a certain degree of cooperation in the future, but they will never merge.

Of course, in the previous life, Alipay was restricted to developing in Huaxia, the settlement currency was RMB, while Alipay was born with the gold key of the universal settlement currency, the United States dollar, which is why Alipay started and has always been suppressed by Baobao's death.

But as Alipay entered the U.S., Alipay fought a tumbling battle. The best thing about Alipay is that it doesn't have to be so expensive to handle it. This part of the money, Alipay bears part of it, the bank waives part of it and gives the customer the biggest deal.

Alipay is in charge anyway and is not afraid of not having a chance to make money. Not to mention, Alipay has a seven-day delay feature that allows Alipay to settle more fully in cash, equivalent to investing the client's money to make money.

If, under Feng Yu's command, the investment cannot earn back that fee, Alipay will also fail!

And there's a big difference between Baobao and the payment package, which is that Baobao's sellers can withdraw instantly, and the payment package can wait seven days unless the buyer confirms it, and even the buyer can extend the payment.

There are other differences between the two payment platforms, and of course, they have the same thing, which is that they are all focused on the online payment business, and the major business entities, which are similar.

These details, of course, Feng Yu will not explain to these bank representatives. To be honest, Baobao can easily accept them and make a good profit from them. But the payment package is different, which is equivalent to taking away a large share of their profits.

“Mr. Feng, we can make Baobao grow faster, but we don't think this is the right model for payment packages.” The representative of Yunton said.

“Isn't it appropriate? What's not right? I won't pay you less for the handling fee, but we have so much user traffic that it's good for your development, so you should give us a discount on the handling fee. ”

“Mr. Feng, this payment package you're talking about will reveal the client's privacy, which we don't think is appropriate. ”

Disclose customer privacy? Bullshit! It's like your bank doesn't have client privacy. What, only state officials are allowed to set fire and people are not allowed to light the lights?

To be honest, the bank still wants to keep the books in its own hands and not be separated.

“What if in the future I allow you to share in this payment package?” Well, in the future, they will only be allowed into the payment package of the stock country in exchange for their support for this payment package.

“The future is too far away, and if it is now, let's think about it.” The Chinese flag reveals a brilliant light in his eyes.

He's talking about stock acquisition, not financing, which means he's going to vote and be one of the real owners of this payment package company.

“Is that what you all think? So you can leave, America, not just your four banks! ”

……