Chapter 4029 Clearly and Clearly

Four days, repay 80 billion US dollars! Everyone\ is waiting for Lin Feng to give the final answer.

But at this moment, no one thought that when the outside world was paying attention to how Lin Feng would repay the loan, another blockbuster news came out.

Yu'ebao! 'Dingdang.com' officially launched 'Yu'ebao', which proposed a balance value-added service with high interest rates of at least 5 points for deposits and withdrawals at any time. This was simply thunderous, shocking all financial practitioners.

Is this Lin Feng planning to rob the bank for money? At this juncture, Lin Feng should have a good relationship with the four major banks so that he can borrow money to repay the 80 billion US dollars debt. After all, anyone with a little financial knowledge knows that Lin Feng's current money is locked up by the 'Second Bank', and the 10-year loan for the Constellation car of 'Chrysler' has swallowed up all the money. In a short period of time, unless he sells the company, it is impossible for him to raise 80 billion US dollars.

In this case, the four major banks in China are Lin Feng's life-saving straw. But he wants to launch 'Yu'ebao', which is not touching the cheese of the four major banks. Will the four major banks give up? Can he still take out a loan? Or, does Lin Feng expect to use this "Yu'e Bao" to grab enough cash reserves from the four major banks within four days?

Is this possible? The outside world does not believe it. The four major banks do not believe it either.

Yu'e Bao, what is this! Will ordinary people believe this thing? The deposit and loan of funds created by the Internet is even more unreliable than usury. Maybe your money is still there today, but you don't know where your money will go tomorrow! The four major banks disdain to comment on this "Yu'e Bao". For interviews with many reporters, the four major banks all do not believe that this "Yu'e Bao" can become a climate. Especially for Lin Feng's hope to raise funds through "Yu'e Bao". It is even more a pipe dream. And frankly. No one will believe in this so-called "Yu'e Bao".

Faced with doubts from the outside world. Lin Feng did not come forward, but only announced this matter on Weibo, announcing that "Alipay" launched "Yu'e Bao" and that Jack Ma would be the president to be responsible for the operation of "Alipay".

This Weibo immediately made Jack Ma from an unknown passerby to a financial star that has attracted much attention from the domestic and foreign financial industry. Who is this Jack Ma, and how could he be so trusted by Lin Feng? At such a critical moment, such a sensitive topic was handed over to him to deal with? Who is he?

Jack Ma appeared under such a high profile. In Beijing, Jack Ma held a press conference. The theme of the press conference was that if the bank does not change, we will change the bank.

When seeing this title, many domestic reporters were shocked. Banks have always been the overlords, the absolute financial overlords. Any business in China. Anyone has to deal with banks. And banks often occupy a dominant position. For example. When a depositor withdraws money, the money is out of the counter, and the shortfall must be the depositor's own problem. But if the bank gives too much money,

If you don't return it, it means that the depositor has illegally occupied state assets, and if you don't return it, it will become a criminal responsibility.

Now Jack Ma has thrown out such a big statement, if the bank doesn't change, we will change the bank. This is too awesome. This is a great statement. But can you do what you say? Fortunately, the press conference started soon. Amid the waiting of hundreds of reporters, a short man with an unremarkable appearance came out.

Is this man Jack Ma? He doesn't look very capable? How dare he say this? Many reporters discussed it.

At Lin Feng's press conference, many reporters did not dare to make such a loud noise and disrupt the press conference. But facing this person who is completely unknown and has never been heard of, they don't respect him so much.

"Everyone, please be quiet, the press conference is about to begin!" The host reminded.

However, many reporters did their own thing, just lowered their voices, but did not shut up, clearly looking down on Jack Ma. But it's no wonder that Jack Ma's appearance is not only not outstanding, but a little wretched, and even feels a bit like E.T. In addition, he is unknown, so it is not easy to suppress these reporters. Especially since Lin Feng is still far away in Shanghai, these reporters are even less afraid.

"Quiet, please be quiet!" the MC shouted loudly, but the audience was still murmuring in a low voice. The sound was not loud, but it was like a mouse gnawing something, which made people feel uncomfortable.

Ma Yun waved his hand to stop the MC's shouting.

"Dear journalist friends, I think everyone must be very curious about me, wondering how I, Ma Yun, could be in charge of Alipay, launch 'Yu'ebao', compete with the four major banks for business, and shout such slogans. Many of you must think that I, Ma Yun, am a toad, with such a big tone!" Ma Yun's Mandarin with a little bit of Wu dialect sounded a little bit difficult, but for many journalists who have traveled all over the country and seen many storms, it is no problem to understand. It's just that they never thought that Ma Yun would be so self-deprecating. This surprised many journalists.

They thought that Ma Yun would be angry and mad, so that they would have all kinds of news to write. For example, the title of "Ma Yun can't control the situation, and he vents his anger to reporters" is so eye-catching and attractive. Sometimes, these reporters will deliberately provoke some CEOs or similar figures, waiting for them to lose their temper and get scolded, so that they will have material to write about.

But Ma Yun's attitude was unexpected. It was really surprising that an unknown person did not lose his composure or ignore the provocations of many reporters in such a big scene.

"You think I am arrogant, that's for sure. Even my wife felt that I was really arrogant like a toad when she heard me say this." Ma Yun continued to laugh at himself, but this time no reporter went to discuss and interfere with the press conference. Instead, many reporters calmed down and waited quietly for what Ma Yun would say next.

"I think everyone is like me. Every time I go to the bank, I always encounter various problems, such as waiting too long to withdraw money, it is easy to deposit money in the bank, but difficult to withdraw money. The bank's attitude is bad, etc. If I talk about dissatisfaction with the bank, I believe I can't finish talking here for three days and three nights. I think everyone should feel the same as me!" Ma Yun continued to speak in Mandarin with a Wu dialect.

Many reporters nodded with empathy. Banks are indeed full of bad deeds. When it comes to hatred of banks, no one knows better than these reporters. In all financial cases involving banks, others are always at fault, and banks are not at fault. This is just like the classic slogan of Wal-Mart: Customers are always right. If customers are wrong, please refer to the first item.

Similarly, banks are always right. If banks are wrong, please refer to the first item.

"Since banks have not changed for so many years, why can't we make them change?" Ma Yun asked loudly, "Why do we have to endure all kinds of neglect and injustice from banks? Why can't we make banks change?"

Many reporters looked annoyed. They are willing to change, but it is not easy to change banks.

"You don't believe it, so you can't do it. I believe that my boss, Mr. Lin Feng, also believes it, so we can do it. And how to change banks starts with 'Yu'e Bao'." Ma Yun said loudly.

Yu'e Bao? Is it so magical? Many reporters were disgusted. What is this thing, can it have such a magical power to change banks? Even if Lin Feng is backing them up, they may not be afraid of the bank's small shoes at most, but it is unlikely to change the bank.

"Yu'e Bao, what is Yu'e Bao? It means that everyone puts the balance in your hands, the spare money, whether it is one yuan, ten yuan, or one hundred yuan, into our "treasure pot", and then enjoys the services of access at any time every day, checking accounts at any time, and knowing your income at any time, to make money clearly and clearly. Let the money you don't use in your hands no longer depreciate with the rise in prices, so that the money in your hands can be preserved or even increased in value." Ma Yun introduced, "At present, the seven-day annualized rate of our "Yu'e Bao" is 6.3%!"

Seven-day annualized rate of 6.3%! Among the many reporters who know a little about finance, they took a deep breath.

The so-called annualized rate is the annualized rate of return, the rate of return in one year. The seven-day annualized rate is a theoretical annual rate of return based on these seven days. It's too scary that "Yu'e Bao" can have 6.3%. This is equivalent to depositing 10,000 yuan and getting 630 yuan in deposit interest in a year. At present, the general five-year deposit interest rate of major banks is about 3.7%, which is 370 yuan. The gap is huge.

Moreover, this "Yu'ebao" can be deposited and withdrawn at any time, which is equivalent to a current account, which is much more cost-effective than depositing money in a bank regularly. After all, if you deposit money in a bank regularly, the money cannot be withdrawn within a certain period of time. What if you encounter an emergency and want to withdraw money? Of course you can withdraw it, but the previous interest will be gone. Even if you deposit it for only one day, the interest will be gone. At most, it can be calculated according to the current deposit interest. But this current interest is equivalent to nothing. The bank will also deduct some handling fees every year, which is even less, and there may even be a possibility of depositing it for nothing for a year.

If you compare it, the gap is really huge.

"Also, our Yu'ebao does not charge any fees. Whether you deposit for one year or ten years, there is absolutely no fee. All the income is clear and transparent. We will never deceive you. We also provide you with 24-hour online service!" Ma Yun hit the pain point of the four major banks. (To be continued)