Ge Erping has been deeply fascinated by this software since he made 360 yuan in Touronghui Financial Supermarket some time ago.
Especially after the 12 investment platforms expired one after another, the 1,200 yuan invested in the recharge was also successfully withdrawn to the bank card.
This love and trust in Touronghui has reached its peak. Every day, I open the Touronghui APP to view ads to see if there are any new platforms online so that I can continue to make money.
Today, as usual, Ge Erping turned on the computer at the company and started working. He habitually took out his mobile phone and opened the Touronghui APP.
The banner ads on the homepage are different from yesterday. Is there a new platform launched?
Ge Erping quickly clicked on the advertisement and took a look. The content was:
“Yimin Wealth is grandly launched, and the founder who was born in Ali shouted the slogan to subvert Yu’e Bao.
Join hands with Toutonghui to launch an event, with a monthly investment of 100 yuan, a reward of 30 yuan for investors and 10 yuan for inviters.
In addition, Yimin Wealth also gives each new user an 888 yuan cash coupon.”
Ge Erping was very happy. It still had the same taste and familiar formula. He was giving away money again. What the hell was this 888 yuan cash coupon?
With doubts, Ge Erping clicked on the advertising jump link to register for Yimin Wealth, and then downloaded the APP.
Log in to the APP, recharge 100 yuan, and get a 30 yuan reward after completing the one-month standard investment.
Then he started to check the 888 yuan cash coupon on Yimin Wealth APP.
There are three cash coupons, 80+258+550, totaling 888 yuan. They require investments of 1,000 yuan, 3,000 yuan, and 10,000 yuan respectively to activate them.
The cash coupon is only valid for 7 days and will expire if not used after 7 days.
Ge Erping was a little tangled, and finally gritted his teeth and invested a monthly bid of 1,000 yuan. As expected, the 80 yuan cash coupon in his account was unfrozen and turned into a balance.
Click to withdraw cash, and within seconds you will receive a text message of 80 yuan arriving on your bank card.
Ge Erping was a little excited. He looked at the other two cash coupons and hesitated for a long time. He thought that after investing in the dozen or so platforms recommended by Toutonghui before, he had successfully withdrawn the money into his account, so there should be no problem.
Finally, I was heartbroken and recharged another 13,000 yuan, investing a sum of 3,000 yuan and a sum of 10,000 yuan. The cash coupons of 258 yuan and 550 yuan were automatically unfrozen and became the remaining balance.
Click to withdraw, and 808 yuan is successfully deposited into the account.
Looking at the 14,100 yuan invested in the account, Ge Erping calculated it and found that the income would be about 888 yuan + 30 yuan of investment bonus, and there would be interest when the investment matures.
The interest rate is 10%. The interest income from one month's investment is 14100×10%÷12 months, which is equal to 117.5 yuan.
The final total income adds up to 1,035.5 yuan, the monthly return rate is 7.34%, and the annual return rate is 88%.
This is a good deal!
365 Accounting Manager has launched an investment accounting book. Quickly record an amount and remember to withdraw cash after one month.
Originally, the activity launched by Yimin Wealth only offered a reward of 30 yuan for investing 100 yuan.
This 888 yuan cash coupon was temporarily added by Zhang Yida. The purpose was very simple, which was to quickly increase the investment amount and improve the platform data.
Next, I’m going to contact venture capital. I can’t afford the money!
He asked him to take out the 1 million working capital prepared by the company and turn it into 888 yuan cash coupons for users to withdraw cash in the early stage.
Now Yimin Investment can be said to be an empty shell. Without financing, Zhang Yida will have to borrow money to pay his salary.
The effect of burning money was really impressive, and it reached 100,000 registered users in 10 days.
Among them, 90,000 are brought from the cooperation with Ruixiang Technology, and the other 10,000 are the natural traffic obtained from various free promotions on the platform.
There are a total of 91,000 investment users, 90,000 of which are promoted by money, and 1,000 of which are natural users.
Among them, those who invested 100 yuan accounted for the majority, reaching 80%; 10% invested 1,000 yuan, 7% invested 4,000 yuan, and only 3% invested more than 14,000 yuan.
At last count, the total transaction volume reached 89.98 million.
The price was that 3.6 million in promotion fees were burned, and 5.305 million in cash vouchers worth 888 yuan were distributed.
The company's reserve working capital of RMB 1 million was burned, and investors' investment of RMB 4.305 million was misappropriated.
So now the company not only has no working capital, but also has a hole of more than 4 million yuan waiting for Zhang Yida to fill it.
Zhang Yida pulled out the operational data from the backend, made a plan, and made an appointment with Shen Beipeng and Xu Xiaoming.
In a private club, Zhang Yida took out the financing plan and said mysteriously:
"Teachers, I have set up another company and I am here to ask for help from the two Gods of Wealth."
Xu Xiaoming was so surprised that he was causing trouble again! It’s really a toss-up! He took out the financing plan and looked at it.
Shen Beipeng was not so easy to talk to. He picked up the financing plan and put it aside, saying in a serious tone:
"Mr. Zhang Yida, you should know that there is an agreement between us.
How long has it been since Ruixiangcai raised funds? The second financing has not yet been received, so you are anxious to start a business again.
I’m not saying that serial entrepreneurs are bad. The point is that a person’s energy is limited. You can’t do two things well while being distracted.
If you insist on going your own way, we at Blackshirt are considering whether to trigger the backup clause in the financing agreement and suspend the issuance of the second financing amount."
Seeing Shen Beipeng so angry, Zhang Yida comforted him and said:
"Teacher Shen, please listen to what I have to say first.
For this second company, I also found two co-founders, who usually take care of the company's business.
I am mainly responsible for financing and being a consultant, and my main focus is usually on Ruixiang Technology. On the other hand, the company can still operate without me.
My most urgent thing now is to bring Ruixiang Technology to the market as soon as possible, so as to bring you two teachers a generous return on investment.
Today I also brought the latest operating report of Ruixiang Technology. You can take a look at it first.
The number of users of Touronghui has exceeded 15 million, the number of users of 365 Accounting Manager has exceeded 10 million, and the number of users of Kawang Credit Card Manager has also reached 8 million.
In addition, the recent development results of the loan supermarket are also very gratifying. In more than half a month since its launch, it has matched a loan transaction volume of 300 million yuan and created an operating income of 3 million yuan."
Upon hearing this, Shen Beipeng was a little moved. Ruixiang Technology has developed too fast. The number of users is increasing by several million every month. It has also opened a loan supermarket section. Once the revenue is stable, it is estimated to be several hundred million every year.
The development momentum is very gratifying!
Shen Beipeng's face finally turned cloudy and he smiled and said:
"Since you young people are full of energy, then go ahead and do some hard work!
The premise is that Ruixiang’s business here must be guaranteed to grow steadily.”
Zhang Yida was not surprised by Shen Beipeng's performance. Venture capital was like this. After all, real money was spent, so it was normal to have some concerns.
Shen Beipeng picked up the financing plan and read it carefully. His eyelids jumped when he saw a series of figures: "Yimin Wealth has been online for 10 days, with a cumulative registered user of 100,000, a cumulative investment user of 91,000, and a cumulative transaction volume of 89.98 million." Jump.
After counting carefully again and making sure that there was no missing zero, I took a deep look at Zhang Yida and thought to myself, what kind of monster is this? Is it so easy to run a business in his hands?
By the time Shen Beipeng and Xu Xiaoming read the plan, it was already half an hour later.
Zhang Yida didn't say anything in the middle, just drank coffee silently, with a calm demeanor and full of confidence.
Xu Xiaoming was the first to speak:
"Yida! Are you sure that the operating data of Yimin Wealth are all true and there is no water in them? You can't fool the teacher!"
When Zhang Yida heard this question, he knew there was something going on and was already tempted. So he said sincerely:
"Teacher Xiao Ming, this data is absolutely true. If you want to see it, I can take you to the company to check the backend data later. Now you can just make a few random calls to ask customers."
Xu Xiaoming nodded, said nothing, and looked at Shen Beipeng.
Shen Beipeng first thought about his words and then said:
“We at Blackshirt are involved in the P2P industry, and last year we invested in Paishoudai’s $25 million Series A round.
In addition, Renrenyoudai recently completed a US$130 million Series A round. Lixin.com also received a US$10 million Series A from Softbank China last month. Yiyindai also received a Series B from IDG and Morgan Stanley in 2011. $30 million…
Therefore, at this stage, Yimin Wealth has just entered the game and has lagged behind at the beginning. I am not very optimistic about it.
This is a money-burning industry, and we fall behind every step we take.”
Zhang Yida shook his head, knowing that Shen Beipeng was suppressing first and then rising, and wanted to lower the valuation. He said firmly:
“They started earlier, but this is a trillion-level market that can accommodate enough competitors, and no one can completely occupy the market.
The winner-takes-all approach doesn't work in this industry.
The way to resist risks in financial investment is to diversify investments. An investor will not put all his money into one platform.
This industry will only form a structure of more than ten leading platforms, plus dozens or hundreds of mid-sized platforms.
Yimin Wealth is confident that it will become one of the dozen or so leading platforms, and even become the best among them."
Shen Beipeng was very interested in this point of view and motioned to Zhang Yida to continue.
Zhang Yida organized some words and continued to preach:
“If you want to become a leading platform, you will definitely need to burn money.
Why do I dare to say that Yimin Fortune can become the leader among the top platforms?
Because I am the one who controls the market. How did Ruixiang Technology start? You two should know it very well.
Burning money in Internet finance is a craft!
I can burn bigger fires while saving more firewood than others.
In other words, I can control lower costs and achieve higher efficiency.
Others may need to lose 500 million to make tens of billions of transactions, but I am confident that they can do it with 300 million.
It may take 3-5 years for other companies to achieve tens of billions of transactions, but I am confident that it will be achieved within 2 years."
When Shen Beipeng heard Zhang Yida's words, he did not refute, but began to think seriously.
If Zhang Yida manages Yimin Wealth with the level of operation of Ruixiang Technology, it will indeed have great advantages over his peers in terms of cost control and efficiency improvement.
Xu Xiaoming looked at Zhang Yida with admiration and made investments. He valued people more and the first feeling.
Regardless of whether Shen Beipeng voted or not, he was moved by Zhang Yida's words anyway. He must at least follow suit.
After Shen Beipeng thought about it, he looked at Zhang Yida with bright eyes and said:
"Since you are so confident, do you dare to add a bet?"