E-commerce is a revolution, but only the beginning of revolution

In Ma Yun's eyes, E-commerce is a revolution, but only the beginning of the revolution. Ali Finance (Alipay, or pan-Alipay) will be the next revolution in Ma Yun's eyes, Ali will rebuild a financial credit system.

Mr. Jack Ma, Chairman of the Board of Directors of the Barclays Group, delivered a speech at the 2013 Asian Entrepreneurs Forum. Ma Yun again throws "The Theory of Electric business Revolution", that the electric dealer destroys a group of traditional vested interests, another group of open, transparent, responsible internet vested interests.

"Today's e-commerce is not a technology, not a business model, it is a revolution, it is a lifestyle change, it is just beginning." Ma said, "We do not regard the Internet as a business, we regard the Internet as a revolution, it can change a lot of things." ”

"We want to nurture the vested interests who are truly open, transparent and responsible for sharing the future," Mr Ma hopes. So here I call, I am not to cheat, I appeal to everyone serious thinking, high value of this revolution, participate in the Internet this tide. ”

Ma sees E-commerce as a revolution. Earlier, MA revealed that Alibaba next there are three stages of development. The first is to pursue the platform strategy; the second stage is to do the financial services; The third stage is to do the data service.

It can be inferred that the financial services industry is also a revolution, is brewing, is about to start the revolution. Mr. Ma said that Ali would rebuild a financial credit system, "in this financial system, we do not need collateral, we need credit." We don't need relationships, we need credit. He said that now the Ali platform has been completed to 150,000 enterprises loans, the average company loans to 47,000 yuan.

Alibaba announced yesterday in the Alipay adjustment, Alipay total adjustment for Alipay and sharing platform for the cause group, Financial Group, domestic business group, the International Business Division 4 career groups.

Pengley as group CPO, responsible for group HR, and overall responsible for the group's financial sector business, will no longer serve as the original CEO of Alipay, Wang Anshi will serve as Alipay and shared platform group president, Sun Quan as Ali Financial cause group president, Muhuali to pay Alipay domestic business group president, Wing Jie Ren Alipay International Business Department general manager, the above 4 per capita report to Pengley. The original Alipay CTO Li Jingming will be transferred to the group for another appointment.

Media revealed that technology, customer service, capital settlement, security, finance and other business planning in the shared Platform Division, Alipay involved in the offline, Cross-border business planning to the International Business Department, merchants, customers, wireless, air travel and rural areas are zoned into the domestic business unit, the financial sector by Ali financial business composition.

If the platform business is Alibaba today, then the financial business is Alibaba's tomorrow. Ma Yun is very serious about the development of financial business. Whether from the adjustment of the structure or the division of labor, Alipay, the four business groups are getting a higher status. As Ali's "affiliated Enterprise" (not under the Alibaba Group). Alipay, in a written statement to the central bank, said, "Zhejiang Alibaba Electronic Commerce Co., Ltd. as Alipay Network Technology Co., Ltd. as the only actual control of the people, no foreign investment through the shareholding control Alipay." According to Baidu Encyclopedia, Zhejiang Alibaba E-commerce Co., Ltd. registered capital of 710 million yuan, by Ma Yun and Alibaba Group, one of the 18 founders of the Shei control, MA and Xie accounted for 80% and 20% shares), the financial services industry will play an important role in the next.

A possible guess is that Alibaba is through such a break-up: ① expands the scope of financial services. The three major business groups will obviously be independent of the development of their respective business, and the establishment of the International Business Department marks its international expansion will begin; ②. Alipay repeatedly clarified that it would not be a bank, just doing finance. As banks are regulated, Alibaba will dismantle the financial business one by one and turn it into a one-way business that the policy allows, so that there is no need to set up a regulated banking sector to achieve the same objective.

As early as September 12, 2012, Zhongqing has approved the approval of Alibaba, Taobao and Zhejiang credit (under the Ali Financial) tripartite set up "Prudential Financing Guarantee Co., Ltd." (Chongqing Foreign Trade Hair (2012)259).

The company is located at No. 4-15, government building, Jiangbei District complex Saen Street, the scope of business of the company is: Loan guarantee, Bill acceptance guarantee, trade financing guarantee, project financing guarantee, credit guarantee and other financing guarantee business, running litigation preservation guarantee, performance guarantee, financing consultation and financial consultant related to guarantee business.

According to the official approval document, the registered capital of Shangcheng financing is 300 million yuan. Among them, Alibaba company obtains the legal renminbi profit (the foreign investment enterprise not to distribute the profit) to obtain by the domestic investment 210 million yuan, accounts for the registered capital 70%; Taobao Company to cash capital of 60 million yuan, accounting for 20% of registered capital, credit company to cash capital of 30 million yuan, Accounting for 10% of registered capital.

Earlier, Alibaba set up a small loan company in Zhejiang and Chongqing respectively. Plus Alipay business, and a variety of financial-related services, we can even say that, in addition to the business that must be run in the name of a bank (such as savings, bills of exchange, cheques, etc.), Ali Finance has been able to handle most of the financial business services.

By splitting the business and separating the business (such as security), Ali will better deal with the relationship between the business, within the scope of the policy, the various financial operations in the hands of all.

E-commerce is a revolution, but only the beginning of revolution. Ali Finance (Alipay, or pan-Alipay) will be the next revolution in Ma Yun's eyes, as Mr Ma said 4 years ago, "if the banks don't change, we change the banks." "Now, from the layout point of view, Ali Finance has been basically shaped, will be exerting force."