"Precaution?" Liu Zhiping asked.

"Yes, it's about prevention."

Bonima smiled bitterly, "At the beginning, Paybay accounted for more than 70% of the mobile payment market share.

Thinking of supporting Ruixiang to attract and bear some firepower, Penguin could use red envelopes and other tricks to infiltrate Chen Cang later.

Today, some results have been achieved, and WeChat Pay also occupies about 30 points of market share.

But Ruixiang has also grown, and its market share is almost catching up with ours."

Liu Zhiping shook his head, "It's difficult to catch up with us. The current market share of mobile payment is almost fixed.

Alipay is expanding its business scenarios, Ruixiang is also expanding, and we at Penguin are doing the same thing.

No one can do anything to anyone!

The breakthrough should still have to wait for new technologies and new trends.”

Liu Zhiping comforted him again: "The one who should really worry about Ruixiang is Leech Financial, because both companies are independent APPs.

We are different. We rely on the giant ship of WeChat and there is no shortage of traffic at all.

Subsequently, the most intense competition in the market was between the two of them because their businesses were highly overlapping.

Leech Financial Services has supported Paytm in India, Ruixiang has launched BBPay, and in Southeast Asia...

In short, wherever the business of these two companies develops, they will go wherever they go.

The existence of Ruixiang will affect Leech Financial Services the most, followed by us.

Of course, Ruixiang's equity appreciation also compensated for part of our losses.

The 16-point-plus equity is now worth US$10.9 billion, which is more than seven times the original cash investment of US$1.5 billion.”

Bonima looked at Liu Zhiping and asked, "What do you mean?"

"Let Ruixiang continue to contain Leech Financial Services, but we will no longer provide any resources to Ruixiang, including investment.

Wait for the right opportunity to sell your equity and cash out!”

Bonima thought about it and realized that this was the only way to go. Anyway, Leech Financial Services was the most affected, and Penguin could recover some losses through equity appreciation.

He looked at Liu Zhiping again and asked, "What about Zhonghe Group?"

Liu Zhiping thought for a moment before replying: "Based on the current situation, the e-commerce sector has the greatest impact on Ali, the advertising sector has the greatest impact on Qiandu, followed by Penguin..."

After listening to Liu Zhiping's analysis, Bonima said: "Seeing how popular the short video is, I almost want to resurrect Weishi!"

"If you do this, I'm afraid it will cause trouble with the Zhonghe Group!"

Bonima looked indifferent, "So many people are making short videos, why can't we do it?

Don’t forget, Pinduoduo still has to rely on us to divert traffic!”

After saying that, he added: "I am also planning for a rainy day. Short videos are very close to the entertainment sector.

If anything happens, we won’t be at a loss.”

Liu Zhiping always felt that something was wrong, but he couldn't refute it.
Chapter completed!