Reborn Entrepreneurial Giant.

Chapter 588 Jumei Financial Services

Time came to February. Before the Spring Festival, Qu Li and Lu Qi met with Mr. Mei, CEO of GLP Zhongguo, to thank him for his continued help to Jumei Logistics.

Jumei Logistics is based on warehousing and distribution capabilities. It is not just about transporting a product from point A to point B, but comprehensive consideration and redistribution of the movement path of the product before and after the user places an order, which effectively helps Jumei reduce the number of items. The logistics time and cost in the entire process from the goods leaving the factory to the hands of consumers.

This requires the construction of a large number of new warehouses. Seven warehouse centers have been established in Wuhan, Shenyang, Chang'an, Beijing, Shanghai, Guangzhou, Rongcheng, and Shenyang. All of them are self-owned. For other transshipment centers, it depends on the situation and rents GLP's logistics real estate.If this is all, it is a normal business cooperation. The key is that GLP builds warehouses according to the needs of Jumei Logistics.

Of course GLP would not be so kind. It was Xiangjiang Investment that actually paid the money, backed by funds from Quli, Vision Investment and Huatou. After several years of successful operation, it has successfully obtained more and more long-term funds, such as Canadian Pension. funds, domestic social security funds, etc.

Although Qu Li is the financial backer behind Prologis, he still needs to express that saying a few nice words costs nothing, but it can make others happy for a long time.

GLP and Jumei Logistics are deeply tied together, which is mutually beneficial and has not affected the development of this company. Now Cainiao Network and several major express delivery companies are thinking of cooperating with Mr. Mei.

After some communication, the guests and hosts enjoyed themselves. Jumei Logistics will continue to expand after this year. In addition to self-operated warehouses, it will also build a large number of cooperative warehouses, which may be Cainiao Network, Vancl Eslite or other e-commerce brands.

After determining the development of Jumei Logistics for the next year, it is the turn of financial matters. Jumei will continue to issue corporate bonds this year. The interest of about 3% is almost like giving it away, and the current US dollar and RMB exchange rate is 6.2, one year It then appreciated to 6.0 and then reversed.The next few years are not a good time to issue debt and borrow money.

The exchange rate issue is something that multinational giants like Jumei have to consider. In addition, the internal beta version of Jupay Wallet APP has a Yu'e Bao, which is bound to a currency fund issued by Xiangjiang Wealth Fund Company.

This Yu'ebao has made many innovations. Every day, the income of the previous day is displayed, withdrawals are received in real time, and you can also make direct payments with Yu'ebao.Well, these were all made by Ahri, and now Jumei has made them ahead of time.

Qu Li put 100 million pocket money into it and enjoyed the fun of adding 100 yuan every day. If he bought [-] million yuan of Yu'e Bao, he would earn [-] yuan that day, which would be a lifelong profit.It’s a pity that a yield of [-]% or more is not common. This is higher than the interest rate on Jumei’s corporate bonds. If the soft currency is really to be freely convertible, overseas capital will come in every minute to reap the benefits.

"The innovation of Yu'e Bao is really good. Many people in the company open it every day to check the income, so they are unwilling to withdraw cash because they don't want to delay the income..." Lu Qi and Qu Li talked about some interesting things about the headquarters.

Jumei's Yu'E Bao is in small-scale internal testing, mainly promoted by internal employees of Jumei, Honor, and Qiancheng Geometry, and has accumulated a group of loyal fans.Think about it, in the past everyone had a survival period and basically no interest. It is said that this money is the bank's largest "high-quality asset".

In the 10 years since its launch, Yu’e Bao has earned 3867 billion for netizens. With various “baby” products, there should be no doubt that banks have made less than 5000 billion in ten years.This kind of hatred is enough for them to buy trolls online to spread rumors about Ant Financial, causing harm to the country and the people.

"I hope everyone likes it." Qu Li was hesitant. Yu'ebao is just the beginning. Internet finance is bound to enter the lives of the public. Financial management has become an inevitable choice for most groups, and they will usher in a great era.

By the way, talking about Internet insurance e-commerce, Taobao has cooperated with an insurance company to launch a universal insurance product. With an annual return rate of about 5%, Jumei can completely replicate it, and it can also cooperate with insurance companies on some customized insurance products. , forming a hit.

"As for P2P, I heard that more and more entrepreneurs are joining this industry." Qu Li said about this hot spot of venture capital. It seems that hundreds of P2P companies were established in China last year, and many platforms received venture capital investment.

"I don't want to do it." Qu Li didn't want Jumei to degenerate so quickly.

Although Ant Financial has Jiebei and MYbank loans, Goosechang has Weilidai, and Goudong has gold bars, compared to P2P, these formal ones are already more conscientious.It is precisely because of the credit loans provided by the "regular army" that many people in need do not need to borrow loan sharks.

Of course, some people say that Huabei and Jiebei have ruined young people. Such people have a typical "parental" mentality. They have to control everything and cannot tolerate anything. The mantra they like to say is "one generation is inferior to the other", but the reality is that one generation is worse than the other. It is even stronger than the previous generation, although this "power" comes at a price, such as more and more young people being indifferent to family affection or even feelings.

Times are changing. In the past, online games ruined young people, then Huabei Jiebei ruined young people, and then short videos. Anyway, there will always be some weird things in this society, such as capital deliberately trying to destroy. young people".

Although Qu Li has a psychological burden, he knows how to build himself. Jumei started "Huabei" and "Jiebei" to combat financial fraud. Later, almost all P2P companies went bankrupt. As for whether he is a "liar", that is It depends on how it is defined.

Qu Li and Lu Qi talked about "virtual credit card" Huabei and "credit loan" Jiebei, as well as insurance and fund sales. Jupay will become a comprehensive financial service platform.

"Why not do P2P?"

"This business model is not good to begin with. Ordinary people are risk-averse. If there is a loss, investors will be responsible for their own profits and losses. Will there be mass incidents? Even if not, do you think if a platform's products often lose money, some people will continue to do so? Investment? Cash flow rupture is inevitable." Qu Li

"We can control risks..." Lu Qi

"If the risk is controllable, why don't banks and professional financial institutions lend?" Qu Li feels that the existence of P2P itself is full of paradoxes. Only lending without attracting investment from ordinary people is a normal business model. After all, professional investors need to take risks. conceited.

"We are an Internet technology company. The word finance plus technology is still a financial company. Risk control is the most important." Qu Li emphasized that he did not want Luqi to go astray and do not be confused by terms such as financial technology. Ant Financial There must be something wrong. A financial services company disguised as a technology company, coupled with huge leverage, it’s no wonder that there is no problem.

"We mainly function as an information intermediary, and secondly we are financial technology innovation." During the exchange between the two, the prototype of Jumei Financial Services Company was gradually improved.