On July 26, Dawang Loan, a loan super platform owned by Sina, was visited by the police for questioning.
This news, along with related videos, suddenly became a hot search topic on DouShi, Kuaishou, Tiantian Toutiao and other platforms.
That's right, it was Zhang Yida who ordered it.
Sina repeatedly refused to give him face and blocked his Weibo account, which he remembered in his little notebook.
A gentleman takes revenge, and it is never too late after ten years. He finally waited for the day when he would be avenged.
In fact, the media previously revealed that Dawang’s loan violations diverted traffic to the “714 Anti-aircraft Gun” platform.
At the same time, many users posted reports on the Jucomplaint website, "Several apps on Dawang Loan contain a large number of 714 anti-aircraft guns. We hope that the relevant departments will order them to rectify or remove them from the shelves."
A user revealed and complained: “I borrowed 4,000 yuan through Dawang Loan, received 3,000 yuan, and earned 1,000 yuan in interest within 7 days.
After calculation, the annualized comprehensive borrowing cost is as high as 3467%.
It’s simply unaffordable! I borrowed the money because of the brand of Sina, a 20-year-old Internet giant. I didn’t expect to hide such a big pit.”
If someone takes the lead, there will be a second and third one.
If news like this cannot be spread on Weibo, they go to Penguin-based Zhihu, Toutiao, and Ruixiang-based products to break the news.
Whether it's sending a text or making a short video.
The victims all told their own experiences, and while blaming the king for taking loans, they also advised ordinary people not to be deceived again.
In addition to Daichao, Sina also owns several cash loan platforms.
Currently, among the top twenty Internet companies in China, there are almost none who are not involved in finance.
Weibo’s stock price was weak and its revenue growth was sluggish, so it also focused on New Finance.
There is nothing wrong with being in finance, but as old Internet companies, the three Internet giants at the beginning of the century don't even have the basic dignity, and it can be said that they have no bottom line.
Although Zhang Yida also does cash loans and super loans, he will never launch products with illegal interest rates in China, or cooperate with anti-aircraft guns platforms.
Although foreign loan products have high interest rates, foreign bad debts are higher, and local laws allow interest rates that are very high in the eyes of the Chinese.
Zhang Yida's move made Sina a bit embarrassed.
It is very embarrassing to have the police come to your door for questioning.
If Ruixiang didn't exert force behind him, the situation would have calmed down in a short time.
As an established giant, we still have this energy.
The short video platform has tens of millions of views, basically letting tens of millions of people across the country know about this matter.
The term "technological evil" has once again been put on the table, and some experts and scholars have called for a strict investigation of these Internet giants who use the power of technology and data to engage in predatory pricing of loan businesses.
Self-media also joined in the fun and reviewed all 3 P2P platforms owned by Sina, 7 cash loan APPs, and the “Weibo Loan” that comes with the Weibo APP.
From the borrowing process, to interest rate pricing, to its partners, everything is kept clean.
Public opinion is very unfavorable to Sina, and even Baoyin Consumer Finance, which Sina and Ali indirectly invested in, was exposed for violent pursuits, illegal lending, etc.
This is not even the most exaggerated!
The most egregious thing is that Weibo Borrowing bundles online lending with fan rankings, giving full play to Weibo's entertainment and gossip advantages to create a unique financial scene business.
Users who borrow more than 1,000 yuan on "Weibo Borrowing" will get the artist's likes doubled;
If the loan amount is more than 5,000, the number of likes will be increased five times.
As a result, many young fans desperately "borrow money" to support artists in order to chase stars.
The most noteworthy thing is that most of these borrowers are young groups such as school students and fan clubs.
Since 2017, regulatory authorities have issued repeated orders to strictly prohibit any cash loan institution from promoting cash loans to students with no source of income.
Even Lu Min of Miaofenqi knew to restrain himself, while Sina still went its own way.
This was not done under Zhang Yida's instructions. Instead, Penguin's WeChat public account was extremely active.
It’s hard to say that this is not a liquidation initiated by the Ruixiang and Penguin series against the Ahri series.
…
"Yida, Ruixiang is about to go public. It's so good. Why are you going to provoke Sina?"
Shen Beipeng called Zhang Yida with a very helpless tone.
If Cao Guowei hadn't asked him to intervene, he would never have made this call.
After all, no matter how mature Zhang Yida is, he is still a young man in his early twenties.
Although he concentrates on venture capital business, he is not familiar with the grievances and grievances among domestic Internet giants.
In the early years, when Rui Xiang and Ah Li were at war with each other, there were many posts on Weibo that discredited Zhang Yida and Rui Xiang.
Now, it's just tit for tat.
"This is the normal evolution of the situation, and social topics have emerged."
Zhang Yida refused to admit that he had tricked Sina, and Shen Beipeng didn't bother to expose it.
Out of many considerations, I still advised, "Yida, the company's listing is the top priority now. Let's put aside all other grievances and grievances for the time being!
If you stab Sina today, they might find an opportunity someday and come back.
Now is the time when Ruixiang is at its weakest. Any news that is unfavorable to Ruixiang will have a major impact on our listing."
Zhang Yida smiled and said, "Since you serve as a pawn for others, you must be mentally prepared to be stabbed.
I'm not afraid of their schemes and tricks. Has Ruixiang not had many collisions with them until today?
We all have different attitudes and do not work against each other. In the future, there will only be more frictions and collisions, not less."
There was silence on the other end of the phone, and Shen Beipeng admitted that he was indeed bewitched.
The history of Ruixiang's rise cannot be said to be the history of blood and tears of Ahri and Penguin, but it also cut out a large piece of flesh from others.
A country is always built, not gained by showing weakness.
With a long sigh, Shen Beipeng didn't know what direction Zhang Yida would take the domestic Internet in the future.
Jack Ma is about to retire, and Bonima is about to reach the age of knowing his destiny. The big domestic Internet stage in the future must belong to Zhang Yida.
"Okay, you can make up your own mind! Blackshirt Capital will always stand unswervingly on your side."
Zhang Yida thanked him and hung up the phone.
Lie on the chair in the office, close your eyes and relax.
…
Weibo's counterattack was slower than Zhang Yida expected. It took several days before a big V on Weibo reported Pinduoduo for selling counterfeit products. The so-called tens of billions of subsidies were a joke.
As soon as the article came out, it was naturally forwarded by tens of thousands of V's, and various trolls came forward to give their own accounts and began to tell how they were cheated in Pinduoduo.
It’s very thorough and complete, and I also attached screenshots of my shopping account and actual photos of the products.
Pinduoduo ignored it and issued an announcement announcing another major event:
Announced the subscription of US$200 million in convertible bonds issued by Gome Retail, with an annual interest rate of 5% and a term of 3 years.
According to the agreement, the initial share conversion price is HK$1.2 per share, which is a premium of about 70% compared to Gome's average share price of about HK$0.7 in the past five trading days.
If Ruixiang ultimately exercises all of its conversion rights, it will be allocated a maximum of 1.28 billion new Gome shares, accounting for approximately 5.62% of the latter's enlarged share capital after the issuance of converted shares.
After the news came out, Gome Retail's stock price soared 30%.
Suddenly, the news that Boss Huang was about to be released from prison began to spread like wildfire on the Internet.
This news has also offset a lot of the negative sentiment surrounding Pinduoduo on Weibo, and people who like melon have switched to new melons.
This made Cao Guowei a little depressed, feeling like he had been punched in the cotton.
…
Du Juan discussed with her husband in prison for a long time and decided to join forces and move forward.
Making this decision is actually quite difficult, because once Ruixiang becomes a shareholder, it means saying goodbye to the other two giants, namely Ahri and Goudong.
But there is no doubt that Ruixiang is the best choice for Gome at this time, bar none.
Gome's two major service platforms, Anxun Logistics and Gome Guanjia, will simultaneously become Pinduoduo logistics and home appliance after-sales service providers, supplementing Pinduoduo's shortcomings in logistics.
We provide merchants on the Pinduoduo platform with nationwide logistics, warehousing and delivery services for medium and large items, as well as consumer service solutions including home appliance repair, cleaning and maintenance, and trade-in.
Pinduoduo will inject consumer big data, platform traffic and other advantageous digital retail resources into Gome, and the two parties will also actively cooperate in marketing promotion and other aspects.
This is a win-win solution!
After the transaction was completed, Zhang Yida's idea of buying a stake in Deppon was no longer so strong. Jitu and Anxun Logistics were basically enough for Duoduo.
I am not afraid that Tongda Express, which is controlled by Ahri, will give up its business one day, or do some other mischief.
The tens of billions of bullets in the first round of subsidies were almost gone, and Pinduoduo quickly received the second round of tens of billions of capital injections from Ruixiang Group.
It doesn't matter whether it's money or not, the goal is to raise the GMV.
Anyway, the entire subsidy is paid for by shareholders.