Top of the big era

As expected, PayPal was successfully listed. Zhou Buqi was very happy, but it was hard to say how excited he was. He just achieved a small goal.

The next business development plan for PayPal is the real long-term plan and long-term goal.

"Yue'E ​​Bao" is one of them!

Although Zhou Buqi had expected it, he was also a little surprised. Boss Ma secretly moved this product out without anyone noticing.

Guo Pengfei asked WeChat if he wanted to follow up quickly.

The interest rate on Yu'e Bao is very high.

This is really very attractive to domestic people who use deposits as their main financial management method.

Zhou Buqi felt that stability should be the priority, and said with a smile: "Isn't Rockefeller famously saying, let others take the lead, catch him by surprise at the right time, and come from behind is the wisest choice."

Guo Pengfei said amusedly: "Have you not expounded similar views many times? Do you still need to use Rockefeller's words to decorate your appearance because you are so dignified and incompetent?"

Zhou Buqi said: "It's not just to show off, I also read it unexpectedly and it's useful."

"What's the use?"

"I'm going to meet with the Rockefeller family in the next few days, especially the third-generation banker David Rockefeller, who is over a hundred years old. If I know more about it, I can sell it better and facilitate communication."

"Why are you looking for them?" Guo Pengfei was a little confused, "Does his family still have influence?"

Zhou Buqi smiled and said, "Didn't you read the news? I donated a valuable treasure from the Shang Dynasty to the country!"

Guo Pengfei smiled and said: "Look, this news is all over the country now. You are very generous. You bought a baby for 100 million US dollars and donated it to the country?"

Zhou Buqi coughed and said, "Bronze ware, this is the inheritance of history and culture. It was lost overseas. In the hands of foreigners, it is like pearls and jade collecting dust."

Guo Pengfei understood what he meant and said in surprise: "Have you started collecting? Are you looking for the Rockefeller family to buy their collection? You have the time to study the collection, so don't be deceived. I've heard that abroad. Many of the Chinese antiques in large museums are fakes, which were deceived by domestic swindlers back then. Don’t forget that those domestic antique swindlers deceived foreigners for dozens or hundreds of years, and in the end you gave away all those fakes. Bought it back."

Zhou Buqi said angrily: "Do I still need you to tell me? Okay, that's it, I'm busy!"

At the close of the morning, PayPal's stock price stabilized at $39.05.

The Nasdaq was in a frenzy.

Zhou Buqi stopped paying attention to the market trend in the afternoon. Instead, he invited Boss Ma to have lunch at a famous Chinese noodle restaurant in Manhattan.

"I heard that you have made a big move?" Zhou Buqi smiled half-heartedly.

Boss Ma looked at the photos of the restaurant owner and many celebrities on the wall and asked casually: "What's the big move?"

Zhou Buqi snorted: "Old Ma, you don't care! I've already roped you into PayPal's board of directors. Let's work together. What's the point of being secretive and sneaky?"

Boss Ma was confused, "What are you talking about?"

"Still pretending?" Zhou Buqi looked at him with contempt, "The latest news, Alipay has made a big move! You think I don't know? I said you can, I am running the listing of PayPal here in the United States, you are A new trick has been played in China. The time is still very consistent, why don’t I believe this is a coincidence?”

Boss Ma suddenly realized and said: "Oh! You're talking about Yu'e Bao?! Yes, the new version of Alipay has added the function of Yu'e Bao. This is really a coincidence. We had confirmed it at the beginning of the year."

Zhou Buqi ignored his words and asked bluntly: "What do you want to do?"

"What do you mean?"

Boss Ma didn't quite understand what he meant.

"PayPal!" Zhou Buqi opened his eyes wide, "Didn't we agree that PayPal will follow your footsteps in the future? Following your pace in making Alipay, PayPal will launch new financial service functions one after another."

Boss Ma's eyes widened, "Yue Bao? You want PayPal to launch a function similar to Yu'e Bao?"

"yes!"

Zhou Buqi thought this was natural.

Boss Ma said amusedly: "Do you really not understand or do you pretend not to understand? Are you the only one who is the chairman of the board of directors of PayPal? I feel like you are like a mallet!"

"You are the stick!"

"Yue Bao is actually a monetary fund, a financial service that allows users to purchase monetary funds online and earn more interest. PayPal launched this function last century."

"You don't need to tell me history!"

Zhou Buqi's face does not turn red and his heart does not beat.

Fortunately, Dan Schulman gave him extra lessons some time ago and filled in a lot of gaps in his knowledge about PayPal. Otherwise, he might really be embarrassed by Boss Ma right now.

A service similar to "Yue Bao" was launched by PayPal as early as 1999!

To be precise, it's not PayPal, it's Elon Musk's startup X.com.

Later, the two companies merged and became two platforms, one is the "X.PayPal" online payment platform, and the other is the "X.Finance" online financial supermarket platform.

However, Musk later favored the more recognized "financial supermarket" business, which did not develop at all, and PayPal payment became the core business.

There were disagreements within the company, and Musk withdrew. Then he took a large sum of money from selling PayPal to eBay and started new entrepreneurial projects. One was the rocket project, and the other was the electric car Tesla. pull.

Zhou Buqi said: "It didn't work well back then, but it doesn't mean it can't work now. Now this is the era of mobile Internet. Everyone has a smartphone, and online financial services have more application scenarios than a dozen years ago. ."

Boss Ma shook his head, "You don't know anything about finance."

Zhou Buqi said angrily: "Do you understand?"

Boss Ma smiled and said: "You can learn if you don't understand. Yu'e Bao is not suitable for PayPal. If it could be done, I would have told you long ago and asked PayPal to prepare it. Do you think I am so stingy that I hide all the good things?" Tucked in?"

Zhou Buqi sneered: "Isn't it?"

Boss Ma sighed, "I didn't just slap my forehead and decide to launch Yu'e Bao. There are realistic conditions for this. Not only because of the popularity of mobile Internet, it can be more directly oriented to users, but it also has something to do with the general environment. This model is immature in the United States, at least not at this stage."

Zhou Buqi smiled angrily and said, "Stop telling me nonsense!"

"Really!" Boss Ma shook his head, "You really don't understand. The chairman of PayPal is incompetent at all. He doesn't even know PayPal's basic financial business."

"Say it?"

"It's a long story."

"Then let's make a long story short!"

Zhou Buqi was a little angry when he saw him holding the score.

Boss Ma put his advantages in seniority and age in front of him, "You are too young. You have not experienced the era of the dual-track system, so you have no personal experience."

"I haven't experienced the pain of being the emperor's seventy-two concubines in the three palaces and six courtyards. I have never experienced it. Can't read? Can't think? Do I have to go through it all again?" Zhou Buqi snorted, "Inexplicable!"

Boss Ma stared into his eyes and said slowly: "The essence of Yu'e Bao lies in the dual-track system under the monopoly of the banking industry. To make a long story short, do you understand? It's complicated here, far from as simple as you think!"

Zhou Buqi laughed, "Then let's be more detailed."