Ma Yun's alien-like face became even more alien-like. He was silent for a long time and then said: "I'm not asking for responsibility. We have done a very good job in keeping secrets. We launched the small vault in 99. All I can say is that the heroes
See similar.
After all, one of our two e-commerce companies is first and the other is second, and both face the same policy issues."
What policy issue?
That is the national regulation: the ratio of the paid-in monetary capital of a third-party payment institution to the average daily balance of reserves must not be less than 10%.
For example, the reserve fund in Alipay is 100 billion. According to regulations, Alibaba's paid-in capital should be 10 billion, but it is only 500 million, so it must increase its paid-in capital.
The same goes for Maimai Payment. There is now a lot of money in Maimai Payment, and Yao Yuan also has to find a "flood outlet" for it.
So no matter what the reason is, a small vault must be done.
"It caught us off guard, but don't be discouraged. We have more users on Taobao and Tmall than they do, and we will catch up soon. The most important thing now is to launch Yu'e Bao as quickly as possible, don't waste time!"
After Ma Yun finished speaking, he looked at the executive responsible for the Yu'E Bao project.
The executive was annoyed by Xiaojinku and said with a wry smile: "Yue Bao is undergoing final testing and formulating a promotion plan. We were originally scheduled to launch it in early June, but now...well, it's only 20 days away."
"Give me an exact time!"
"Within this month! It will definitely be online within this month!"
"good!"
Ma Yun didn't say much and let everyone disperse.
After the person left, a trace of fluctuation appeared on his face, showing that his heart was far from as calm as before.
Before, my opponent was Liu Qiangdong. The competition between the two companies was quite regular, focusing on suppliers, price, quality, logistics and after-sales service, etc.
Everything is within the scope of logic.
As for Yao Yuan, Lao Ma is mainly a spectator, watching him fight with Tencent. The most impressive thing is that Yao Yuan seems to always predict the enemy's opportunity and can always throw a piece of shit at their door before Tencent sends troops.
Either it hinders Tencent's actions, or it's just disgusting.
Lao Ma thought it was quite interesting, but now Liu Qiangdong is in the United States, and Yao Yuan is in charge of [Little Treasury] - that kind of publicity strategy seems to be his handiwork, so it doesn't feel good.
It's your turn to throw shit at your door.
"This person is very evil..."
Lao Ma is worried, because he knows that the Little Treasury/Yue Bao competition is not just about income, but who will win in the end depends on whose ecosystem is more powerful!
What's more, this is a new product, and it has to face internal and external pressures.
…………
On May 24th, Little Treasury will be online for one week.
Early that morning, Chen Shengqiang came to the company. He was walking with his feet floating, as if he had stepped on cotton in his shoes.
"As of last night, that is, in 6 days, the number of customers of Xiaojinku has exceeded one million, the per capita investment amount is 863.67 yuan, and the asset size is about 900 million."
"ha!"
Chen Shengqiang was prepared, but when he heard the clear numbers, he couldn't help but laugh.
6 days!
1 million customers!
900 million funds!
Although the size of the funds is almost the same and the per capita investment is very low, it is understandable that the main focus of the small treasury is national financial management. And as everyone's trust increases, more and more funds will be injected.
"Make an announcement!"
Chen Shengqiang thought for a while and said: "Just talk about the user scale, don't mention the funds!"
"OK!"
Ever since, Xiaojinku issued an announcement:
“Six days after it went online, the number of users exceeded one million!”
This news is more direct, like a huge stone thrown into a lake, causing waves in an instant.
Outsiders don’t understand, and the fund circle is exploding.
The total number of customers of small domestic fund companies is generally less than one million, while that of large companies is in the millions. The one million customers of small fund companies have exceeded all the resources accumulated by small and medium-sized fund companies over the years.
It is precisely because of this that the traditional fund circle feels threatened. As the saying goes: it is often not the opponents within the industry that kill you, but the cross-border behemoths!
But they did not act rashly and chose to wait and see to see what the official attitude was.
…………
Also on Friday the 24th.
As usual, the China Securities Regulatory Commission will hold a regular press conference after the market closes every Friday to answer reporters' questions on market hot spots, as well as some policy news, which may affect the next week's sector or the index.
The same was true for today's press conference. After some exchanges, towards the end, a reporter suddenly asked: "What do you think of the recent [Little Treasury]?"
The spokesperson paused for 2 seconds and then said:
"The small treasury launched by Maimai Payment provides investors with more investment and financial management options and is an active exploration of market innovation. The China Securities Regulatory Commission actively supports the development of market innovation and provides institutional guarantees and a relaxed environment for market innovation and development.
Last year, Xiaojinku completed the relevant registration of fund sales and payment institutions and carried out related business. However, some of the fund sales and payment settlement accounts in Xiaojinku’s business were not filed with the regulatory authorities, and they failed to submit to the regulatory authorities supervision of banks.
The supervision agreement violated relevant regulations..."
For routine press conferences like this, one must be fully prepared for recent hot topics to avoid being unaware of all the questions.
We are not familiar with the China Securities Regulatory Commission, but we are very familiar with the regular press conferences of the Ministry of Foreign Affairs. Those spokespersons are also very famous. This is a nature...
Therefore, the China Securities Regulatory Commission was obviously prepared for the small treasury. The answer was comprehensive, including positive affirmations and insufficient reminders. Five minutes later, this news was posted on Weibo with a big title:
"China Securities Regulatory Commission: Small treasury violated regulations!"
The message was instantly forwarded like crazy.
"The China Securities Regulatory Commission said that small treasury banks violated regulations and will be punished if they fail to register!"
"The little treasury will be punished!"
"Have you heard? The small treasury is going to be stopped!"
It was passed around and passed around, but the source could not be found. Many celebrities also forwarded the comments, saying that they could not understand. Ren Zhiqiang came up with one sentence: "No system innovation is allowed?"
…………
Within one day, Chen Shengqiang experienced the two worlds of ice and fire.
I feel energetic in the morning and anxious at night.
The news that "small treasury is going to be stopped" directly affects users, and many people are withdrawing funds. He quickly called Yao Yuan.
"You mean, block the message on Weibo?"
Yao Yuan didn't wait for his answer, and added: "Have you ever thought about the consequences of this? People will not think that you have no problem, they will only think that you have more problems.
To do this business, policies and trust must be experienced.
Since it is a rumor, let’s clarify it. Don’t hide it, but face it head-on. Also, this is a negligence on your part, do you accept it?”
"..."
Chen Shengqiang was silent for a moment and said: "I admit that the failure to complete the filing was my negligence. I understand, don't worry, I will handle it!"