Reborn Entrepreneurial Giant

Internet finance and financial technology are complex concepts. Qu Li is confident that Time Financial Services will develop overseas. Another killer feature is blockchain technology: it can solve the three major problems of security, trust, and efficiency in financial services.

Those countries in Southeast Asia may not want to do digital transformation, but they do not have the ability. If Time Financial Services can provide them with a complete set of solutions for the financial industry, will it become an industry leader?

Well, these alone are not enough, what about cloud computing, big data and artificial intelligence, is there any hope? In fact, there is a bigger killer, Bitcoin. What if Jupay becomes a Bitcoin trading platform? Just thinking about it, he didn't want to get involved in the disputes in another world.

In general, Qu Li hopes that Time Financial Services will also take into account the B-end market. Unfortunately, he doesn't know what to do, so he can only rely on the strength of the team. Let Jupay open up the network payment channels in most countries around the world and make Stripe Dealing with Adyen for the underlying stuff.

It is still very meaningful to do so, at least it can open up payment channels for Shopify in countries around the world.

Today, the brilliance of Shopify can hardly be concealed. Last year, the entire platform generated a transaction volume of 3.8 billion U.S. dollars. If it hadn’t been acquired by Jumei, it would have been listed this year. A trump card.

Of course it’s not very eye-catching now, but in a few years, the transaction volume generated on the Shopify platform will be about 200 billion U.S. dollars, and the entire company’s revenue will be about 6 billion U.S. dollars. In terms of income, it is not impressive, but it represents that small and medium-sized merchants have new choices besides large platforms.

Shopify has now reached cooperation with FB, Twitter, Instagram and other social media, ancient song shopping search, etc. Consumers can directly shop and pay on the FB website.

Shopify does not make money now, and users pay through Stripe and Adyen. If it can be replaced by Jupay SoPay, this part of the profit can be kept for itself. Not to mention surpassing Stripe and Adyen, at least there is a chance to keep pace with it, right? Both businesses were later valued at more than $50 billion.

Qu Li, Du Jiuming and others were discussing the development of various businesses of Time Financial Services. There was nothing to say in China. They copied "Ant Financial Services" and only said that they would not do P2P. Unlock restrictions, Ahri's financial innovation...

Some things are hard to say, but Qu Li insists that any commercial enterprise can't really "not do evil" and can be respected, and there is no need for "belief".

Du Jiuming still wants to do P2P. This thing seems to make money, and it is developing like a raging fire in China. Venture capital is pouring in. There is no restriction in the country, and many people make money. Qu Li, who announced last year that he would not do P2P and looked down on the entire industry, was ridiculed.

"The Internet is already fast, and microfinance has magnified financial leverage. What we have to do is to be conservative and safe, not innovative and radical..."

"But……"

"We have so many things to do, such as microloans, personal credit investigation, and online banking, why do we bother with this business?" Qu Li was puzzled

"There are already P2P companies planning to go public..."

The "profit" of doing P2P is very high. Some of Du Jiuming's friends and subordinates' friends "earned" a lot of money doing this, which swayed some people's minds. In other words, most people in finance like to make quick money, and don't care about the "morality" behind it.

"All those who want to do P2P and want to leave are allowed..." Qu Li, "The A-share market is about to enter a bull market, and anyone who wants to speculate in stocks can leave..."

"Okay..." After all, Du Jiuming is in the traditional financial industry. He became the person in charge of Time Financial Services, and he was somewhat uncomfortable working in an Internet company.

"Instead of considering P2P, it is better to consider acquiring a brokerage." Qu Li wants Time Financial Services to become a comprehensive financial service platform. After all, it is a pity to lose a brokerage, but the time window is here. In 2015, the "bull market" and "bear market" Such a fast and urgent conversion is rare in the world.

If you really want the whole people to speculate in stocks, you don't know how many people will be cut off. But this general trend is irreversible. The experience of Europe and the United States tells us that it is necessary to make large A-shares reliable even for the preservation and appreciation of social security funds. In the future, in order to avoid inflation, the wealth of domestic residents will most likely rely on the capital market, either buying fund insurance or buying stocks.

According to this logic, China will eventually allow Ant Financial to obtain a securities license, but I don’t know when it will be. Maybe wait until the trade war ends and the big A-shares become healthier.

"Acquiring a traditional securities company? It's easy." Du Jiuming didn't think it was difficult

"Complete the acquisition within half a year, the less capital the better, as long as a license is enough"

"..."

"Why half a year?" Du Jiuming was puzzled

"The longer we procrastinate to acquire brokerages in the bull market, the more troublesome it will be. And don't you find it strange that global capital is returning to the United States and against the background of the appreciation of the dollar, the big A shares have risen by more than 1,000 points in less than half a year, which is obviously not a slow bull... ..." Qu Li knew that there were many rumors that the A-share bull market in 2015 was a financial war, is it true? have no idea! However, there are news reports that the leading party in Zhongyan Securities was investigated.

"Half a year, it's a bit difficult..." Du Jiuming thought about it

When acquiring someone else's company, if it is not a transaction between acquaintances, the time is uncontrollable. If you want to complete the acquisition in the shortest possible time and get approval from the relevant department, you can only find your own people. As for the acquisition, will there be additional restrictions? , this is hard to say.

Qu Li asked Zhang Yiwen for advice, and he has a good relationship with him, which securities companies can be acquired.

"What? You want to leave the Zhonglian Group and go it alone?" Zhang Yiwen was very sensitive. The cooperation between the Zhonglian Group and Shiguang took a lot of advantages, and the scale expanded rapidly.

"You think too much, this is the company's strategic needs." Qu Li

"There are two options. One is Tianfeng Securities in Wuhan, Hubei Province. There is currently no real controller. You contributed to Changjiang Storage..."

"What about the other one?" Qu Li doesn't think others will remember him well, and if he really wants to buy it, he may have to pay an extra price

"The other is Huxiang's original Yongjin Department. They are the major shareholders of Sinolink Securities. They have been switching to PE over the years, and there is a high possibility of selling Sinolink shares." Zhang Yiwen

"How much is Sinolink Securities worth?" Qu Li asked

"Look at the stock price, I don't remember." Zhang Yiwen said angrily

"Is it still a listed company?"

"certainly!"

"Forget it." Qu Li didn't want to waste time. Du Jiuming happened to be famous in Wuhan, and he was familiar with all kinds of people in the area. If there is a possibility of acquiring Tianfeng Securities, he should be able to get twice the result with half the effort.

Du Jiuming obviously also understood that, and took the initiative to take over this task. Who knew that Tianfeng Securities was preparing to increase capital and share for listing at this time, with a valuation of about 5 billion yuan.