I think Alibaba has successfully designed its business model, its revenue model and its financial system with Alipay as the main body. The financial system and solution behind Alipay, to put it bluntly, is to use "time" and "space" to create cash flow. Simply put, the logistics time from ordering to arrival on Taobao is three days, while the buyer pays at the time of placing the order and the seller collects the money three days later. In the past three days, the buyer's money was in the bank account of Taobao, which formed a fund pool, a disguised bank without paying interest. How banks make money, Taobao makes money.
After the central bank discovered this loophole, it issued a third-party payment license. Later, it was found that the third-party payment license could not control him, and he was forced not to use the money in Alipay account. What should Alipay do? This brings us to the financial system and solutions behind Alipay. The financial system behind Alipay can be seen at a glance now, but what is it like when there is no balance treasure, ant financial service and flower garden? Hehe, in fact, it's very simple. With a large amount of liquid cash in Alipay as collateral, financial bonds, financial products and financial derivatives are manufactured, and then these three products are converted into cash flow.
The Yunos system of Alibaba is a very good proof. This project is authorized by Mr. Ma Yun and led by Dr. Wang Jian. The investment is huge. It started development in 28, and it didn't show a little light until 213. During this period, Wang Jian suffered greatly. 8% of the team he led chose to leave, and all the people in the company complained and questioned. Only today's powerful Alibaba Cloud is a cloud world, surpassing Google, second only to Amazon and Microsoft's cloud system. Now YunOs is valued at about 5 billion yuan, and all complaints and doubts have disappeared.
Therefore, the strength of Alibaba is determined by causality. What is stronger than the product is the team, and what is stronger than the team is the spiritual strength dominated by the corporate culture, which is the mission vision values that Teacher Ma Yun often said. Teacher Ma Yun has created Alibaba's excellent corporate culture ideas and systems, and such a platform is bound to attract top talents in the world. This is the most successful place of Alibaba. Developing on such a large scale only means doing the right thing and doing things correctly.