Stronger by Paying Salaries and I Have 1 Billion Employees

Take Taobao, Pinbei, and Jingdong, for example. They were all short, two-syllable names that users could remember instantly.

”What about Sulitong? It emphasizes the product’s instant deposit and withdrawal feature while also giving users the impression of quick profits.”

Lu Zhaoxi continued.

”I thought of one. Let’s call it Lingqianbao,” Ma Liyun said, not responding directly but voicing his own idea.

”That name sounds a bit too much like we’re copying. How about Lingqiantong instead? The ’tong’ implies flow and connection, representing how users’ funds can move quickly within Wealth Treasure.”

Lu Zhaoxi thought for a moment, making a slight adjustment to Ma Liyun’s idea.

”Not bad! Lingqiantong is catchier than Lingqianbao. Let’s tentatively go with that name. We can always change it before the product launches.”

Ma Liyun nodded slightly, giving his initial approval for the name ’Lingqiantong’.

”Then I’ll start the preparations immediately,” Lu Zhaoxi said, standing up.

”Make it an S-level priority project. Concentrate all our manpower and resources. Aim to launch by the end of the year... no, by Q1 of next year.”

Ma Liyun had originally wanted to shorten the development cycle to two months. However, Q4 was the peak season for e-commerce, and the revenue from those three months often accounted for 40% of the total annual income. Worried that the Lingqiantong project would affect the Double 11 and Double 12 sales events, he changed his mind at the last minute, extending the project timeline to five months.

”Understood,” Lu Zhaoxi replied instantly.

As for whether the ’T+0’ fund redemption method was compliant with regulations, that was completely outside their consideration.

If even Chen Yansen dared to bypass the financial regulatory authorities and use a slick maneuver with advance funds to achieve instant ’T+0’ redemptions, why would Wealth Treasure shy away?

One had to remember that Ma Liyun had founded Wealth Treasure nine years ago. He was an old hand, unafraid of testing the waters and pushing boundaries.

It wasn’t exactly compliant, but it wasn’t illegal either!

’Just do it first and worry about it later!’

After Ma Liyun made his decision, Wealth Treasure established the Lingqiantong project team that very day, which included liaison departments for fund companies, banking channels, and technical systems.

「Meanwhile.」

At Penguin Headquarters, Ma Wenteng and his team were also discussing the Yu’e Bao product.

Unlike Ali, Penguin’s interest in Yu’e Bao wasn’t as intense as Lao Ma’s.

”I think we should do it. Not only would it increase the account value for TenPay users, but it would also generate extra revenue from the float,” a Penguin director suggested.

”If we leverage the account funds of users from QQ Group Buy, Paipai Network, and Yixun Network, it might even spur growth in the group’s e-commerce business.”

Another Penguin director nodded in agreement.

In reality, back in 2012, online shoppers viewed TenPay, Wealth Treasure, and Orange Pay as nothing more than payment tools.

They would only top up their balances from their online bank accounts when they were about to make a purchase.

For one, third-party payment apps didn’t have financial attributes and couldn’t generate extra returns, so users had no incentive to keep money in their balances. For another, there was a general lack of trust in these third-party payment apps.

This was a stark contrast to the situation a dozen or so years later!

”Martin, what do you think?” Ma Wenteng, sitting at the head of the table, turned his gaze to Liu Zhiping and asked.

”For TenPay, a product like Yu’e Bao holds three points of strategic significance. First, it marks the transition from a payment tool to a financial platform. Second, it attracts a massive number of wealth management users, boosting engagement. Third, it completes TenPay’s ecosystem, paving the way for future financial products.”

Liu Zhiping replied, choosing his words carefully after a moment of thought.

The implication was clear: Penguin should also enter the ’small change wealth management’ industry to secure the group’s long-term development.

Ma Wenteng frowned, considering this seriously for a few minutes before speaking. ”Let’s take it a step further. We should combine the WeChat Pay and Yu’e Bao-style businesses, downplay TenPay’s presence, and push the product concept of WeChat Pay as the main brand.”

”Yu’e Bao is Orange Pay’s product name. We should come up with a different one.”

”How about Shanyingbao?”