I can become stronger by paying salaries. I have one billion employees!

Chapter 309: Total sales of 3210 million units, revenue of 726.3 billion yuan! Yu'ebao!

Virtual City, Zhuxianzhuang Science and Technology Park, Building 9, Conference Room 8A3.

Chen Yansen sat in the main seat, looked at Zhang Yinjia, and then said, "Let's begin."

The long table in the conference room was filled with Orange Payment's core executives, including heads of online payment, offline payment, and monetization departments, as well as business directors from basic departments such as technology, operations, risk control, finance, legal affairs, and customer service.

Most of these people come from companies like Zhifubao, Ping An, and commercial banks. They are either very knowledgeable about the operation of the financial industry or proficient in the marketing methodology of internet products.

"Zhou Mingxuan, you go first." Zhang Yinjia nodded slightly, then gestured for the vice president of Orange Payment to report first.

"Boss, Mr. Zhang, I've discussed the product plan for Yu'ebao with the fund company. The initial framework is a 'money market fund + payment and consumption' model."

Users can convert the money in their accounts into money market funds with a single click to earn returns; and when making payments, they can directly use fund units for payment.

Zhou Mingxuan set up the projection, opened a PowerPoint presentation, and began to speak slowly.

He holds a Master's degree in Finance from the University of Hong Kong and has fifteen years of experience in the securities industry. He has served as director and general manager in several fund organizations and is a seasoned veteran in the industry with both ability and connections.

The reason for joining Orange Payment was that they were attracted by the development potential of mobile payment, the valuable equity rewards, and the generous annual salary.

“OrangePay has 30 million active users. If we can embed money market funds with low volatility and stable returns into our products, it will not only improve user retention and account value, but also increase OrangePay’s profitability.”

Zhang Yinjia responded and added to the statement.

At that time, Ali had not yet set its sights on this business, and the title of Yu'ebao product naturally belonged to whoever launched it first!
"Are there still any issues with technical integration, payment settlement, and policy compliance?" Chen Yansen asked.

"High-concurrency transactions are indeed a challenge. Traditional centralized data architectures struggle to handle traffic surges of tens of millions. The technology department's idea is to adopt a distributed architecture, distributing data and computing power across multiple servers to improve system scalability and fault tolerance."

Jiang Leiming, the director of the technical department, responded immediately.

“We have both the Securities and Futures Business Operation License and the Consumer Finance License, but Yu’ebao integrates three types of businesses: payment, fund sales, and money market funds. It involves multiple departments such as banks and fund regulatory associations. Whether we can do it and whether it is illegal are actually lacking clear and explicit rules.”

Zhou Mingxuan spread his hands, looking helpless.

If the law is unknowable, then its power is unpredictable!

The pioneers' task is to cross the river by feeling for the stones!

In his view, Yu'ebao is certainly feasible, but there are certain compliance risks involved, and it remains to be seen whether Chen Yansen dares to do it.

"In addition, if we want to implement the Yu'ebao payment function, the product must have real-time redemption features, but most domestic fund companies use a T+1 settlement method, which obviously does not meet the requirements," Zhou Mingxuan continued.

Chen Yansen smiled faintly. He had frequently accepted investments from Huake, Huaxin and China Merchants Bank mainly to prepare for the launch of Yu'ebao.

"Tianfu Fund is willing to cooperate. They plan to launch a T+0 redemption method soon, using the method of providing advance funding to customers to achieve real-time redemption."

Chen Yansen looked up at Zhou Mingxuan and said slowly.

“Okay, boss, I’ll take over.” Zhou Mingxuan’s eyes lit up with joy as he quickly took the initiative to handle the task.

"Many things have no precedent, so we have to create them ourselves! I need to see the final feasibility report within three days. The technology department will be responsible for assessing the system's capacity, and the legal department will immediately study the regulatory red lines."

Chen Yansen gave instructions to everyone, then paused and added, "What Orange Payment wants to do is never to chase the trend, but to become the trend itself."

Upon hearing this, Zhang Yinjia, Zhou Mingxuan, Jiang Leiming, and others couldn't help but show excitement on their faces. After obtaining the license and solving the T+0 redemption problem, Yu'ebao had cleared all obstacles to its launch.

With Orange Pay's user base and the backing of Senlian Capital, Yu'ebao's market performance is destined to be outstanding!

As the company's valuation rises in the future, the value of their stock options will also increase exponentially.

The payment sector is a huge market; if we don't take a bite, wouldn't our rebirth have been in vain?
Chen Yansen's requirements for Orange Payment are not high; he just wants it to be among the top three in the industry.

Next, each department reported on its business progress, performance review, product optimization, market analysis, and competitive landscape.

The entire meeting took an hour, and it didn't end until almost four o'clock.

Chen Yansen raised his hand and glanced at his watch. What was supposed to be a short meeting had turned into a long one.

After Zhang Yinjia and the others left, Zhou Shouzhi, Wang Teng, Ye Qiuping, Zhang Cong, Zhou Ze, Yan Peng and others entered the conference room one after another.

"boss!"

"Mr. Chen!"

A dozen or so greetings rang out in unison.

Chen Yansen nodded slightly and said to Zhou Shouzhi, who had just sat down, "Old Zhou, you are in charge. I'll be listening in."

Zhang Cong, Zhou Ze, Wang Teng, Yan Peng, and the others exchanged glances, their regard for Zhou Shouzhi rising even higher.

Everyone understands that although Zhou Shouzhi's position is CFO, he also has the authority of CEO.

It's just that the time isn't right yet!
Faced with the down-to-earth nickname "Old Zhou," Zhou Shouzhi could only nod with a wry smile and say to Yan Peng, "Old Yan, let's review the annual data first."

Old Yan?

Chen Yansen was stunned. He didn't expect Zhou Shouzhi to "do as the Romans do" so quickly, giving Yan Peng a nickname in just a few days.

Yan Peng gave an awkward smile, connected the screen to the projector, and read aloud with his head down: "As of September 2nd, Orange Mobile's total sales volume is 32.1 million units, with 27.6 million units in the domestic market and 4.5 million units in the overseas market, totaling 668.3 billion yuan in revenue, 80.2 billion yuan in hardware gross profit, and 48.7 billion yuan in software gross profit, for a total of 128.9 billion yuan."

"Looking at the domestic market first, Orange phones primarily sell through online channels, supplemented by offline channels. The Orange C1 sold 270 million units, the Orange D1 sold 1340 million units, the Orange C2 sold 510 million units, the Orange C3 sold 450 million units, and the Orange D1S sold 190 million units."

“海外以阿比西尼亚、奈及利亚为主，和部分东非、西非零售市场，橙子F1销量230万台，橙子F2（橙子C1改版）销量80万台，橙子F3（橙子C2改版）销量30万台，柠檬D1（橙子D1改版）销量110万台。”

In eight months, global sales reached 32.1 million units, generating nearly 70 billion yuan in revenue. If calculated for the entire year, Orange Technology alone could rank among the world's top 500 companies based on its mobile phone business. "How much net profit is left?" Chen Yansen asked casually.

“16.5 billion yuan,” Zhou Shouzhi replied softly, taking over the conversation.

In the past six months, Orange Technology has invested more than 40 billion yuan in research and development and bought land in Luzhou to build its headquarters building. With a gross profit of more than 100 billion yuan, after deducting various cost expenditures, the net profit margin is only 2.5%.

A rough calculation shows that he can earn more than 20 billion yuan a year.

Compared to revenues of hundreds of billions, this amount of money is pitifully small.

But Orange Technology supports hundreds of thousands of people across the entire industry chain!
Domestic suppliers such as Desay Battery and EEWorld are only able to thrive thanks to Orange Technology.

For Chen Yansen, the tens of thousands of humanitarian contributions that Orange Technology and Orange Mobile Phone Factory make to him every month are even more important.

"Let's continue," Chen Yansen said, waving his hand.

With so many subsidiaries, it has to be the most profitable. The platform's GMV exceeds 200 billion yuan, and its revenue reaches 2000 billion yuan. After deducting expenses and costs, the net profit is still around 290 billion yuan, making it a veritable money-printing machine.

Manufacturing requires high investment and has a long payback period; the meager returns are nowhere near those of e-commerce and gaming.

Why do Zhou Hongyi, Ma Liyun, Ding Lei, and others dare to sell mobile phones at 'zero profit'?

All of this was aimed at seizing the terminal market and vying for mobile internet access. Fortunately, these individuals all failed; otherwise, domestically produced smartphones would likely have become advertising machines for various internet giants.

360 earns five or six hundred million US dollars a year from advertising, but they work themselves to the bone selling mobile phones and only make a pittance.

Following that, Yan Peng also released the revenue and gross profit data for Alexa smart speakers, power banks, Bluetooth headsets, and mobile phone accessories, with the total revenue finally settling at 726.3 billion yuan.

"Kuaipao's Orange Smart Living Store has been launched and sales are quite good. The offline self-operated stores can be consistent with the online stores to increase brand recognition. There is no need to wait for the Orange Pad 1 and Orange MagicBook to be launched. We can quickly set up the offline sales, after-sales and experience channels first."

After Yan Peng finished his report, Chen Yansen spoke to Zhou Shouzhi.

“No problem,” Zhou Shouzhi replied with a smile, confident and composed.

He already had a plan in mind for building Orange Technology's offline channels: expand from first-tier cities to second- and third-tier cities, with directly operated stores as the main focus, supplemented by specialty stores and authorized stores, and a combination of various store types, taking into account the comprehensive layout of shopping malls, communities and communication stores.

The second person to report was Wang Teng, followed by Ye Qiuping, Zhang Cong, Zhou Ze, and others.

The weekly meeting continued until five o'clock, as the golden rays of the setting sun shone through the windows.

Chen Yansen did not rest. After finishing the business and finance weekly meetings with Huang Zheng and Liang Bo, he finally pushed open the door and went outside.

Dusk was falling, and the evening breeze was blowing quickly and restlessly, as if carrying the slight chill of early autumn.

The development of Orange Technology, Pinbei Mall, Orange Pay, and Toutiao is all proceeding in an orderly manner under his plan.

Last week, he received an invitation to the 11th World Internet Conference. According to official data, China has as many as 540 million internet users, with a penetration rate of 42.1%.

With over 10 billion mobile phone users, including 3.6 million smartphone users, it's clear that the era of mobile internet is just around the corner.

This is also the core reason why companies like Ali, 360, NetEase, and Shanda have all started making mobile phones.

The main factors currently limiting the development potential of products such as Toutiao and Lingxi Browser are the smartphone penetration rate, mobile network speed, and data tariffs.

In Chen Yansen's view, 3.6 million smartphones are still too few.

"The operational strategy of Orange D1 and Green Orange D1S is very effective. At least it has driven down the prices of mid-to-low-end smartphones from manufacturers such as Xiaomi, 360, OPPO, Huawei, Lenovo and Coolpad by several hundred yuan. If the price is too high, users simply won't buy it."

As Chen Yansen walked toward the cafeteria, he pondered to himself.

at the same time.

The patrol offices in Yanjing, together with patrol offices in Tianjin, Changshan, Tangcheng, Anci and other places, took a unified action at 10:30 pm on September 3.

Nineteen illicit operation studios were shut down in one fell swoop, with the amount involved reaching 40 million yuan. Countless "wool party" members received inquiries.

Many people were still dreaming of earning millions a month when the inspectors broke down the door and cornered them in front of their beds.

That night terrified those involved in the gray market in North China. They only breathed a sigh of relief after discovering that the inspectors were only targeting "Didi Chuxing" (a ride-hailing service) fraudulent schemes.

the other side.

Hui and his accomplices, who had already fled to Annam, were relieved to hear the news. If they hadn't run away quickly, they might have ended up in jail too.

"Brother Hui, what should we do?" Yaozi asked in a panic.

"Don't worry, the patrols won't be able to find us. Even if the calf is gone, we can still find a big golden cow. I don't believe we can't find a loophole in Didi Chuxing's system!"

Hui-ge said dismissively.

People involved in the gray market are like leeks, one crop after another. Although the software for Little Cow has been cracked and some customers have been taken away, there are still plenty of people who want to make a fortune, so they are not afraid of not having buyers.

The only problem is that they need to develop new software as soon as possible.

“Brother Hui, we don’t lack technical personnel here in Annam. Let’s go recruit people tomorrow,” Ah Zhen said from the side.

"Okay, it's up to you." Brother Hui nodded.

Didi Chuxing is a lucrative customer, generating millions of yuan in revenue for them every month, so nobody wants to give it up!

(End of this chapter)