In a manor in Jakarta, four people gathered together to drink tea under a sun umbrella.

Except for Zhang Yida, the other three are all old men in their fifties or sixties.

Even though Weng Junmin is 65 years old and wearing a batik printed shirt, he doesn't look old at all.

If the Mediterranean hairstyle hadn't made her look older, she would have looked in her early fifties.

The old man greeted Zhang Yida enthusiastically in Chinese as soon as he came up, and even exaggerated that Yida's acquisition was clean and tidy.

Looking at this old man with a hearty smile, Zhang Yida thought of a lot.

This man’s ancestral home is Putian, Fujian Province, and his father went to Southeast Asia to work as a laborer in Jakarta when he was 12 years old. He himself was born in Surabaya, Indonesia, in 1952.

Something that changed the trajectory of his life happened when he was studying at Nanyang University in Singapore. He met his current wife Li Hong, the daughter of Indonesian money king Li Wenzheng.

It was the 1970s, and Li Wenzheng was already the president of Indonesia's largest private bank.

The reason why he is willing to marry his daughter to this poor boy is probably because he can be admitted to Nanyang University in Singapore.

Nanyang University in Singapore is the first overseas Chinese university in history, and it was also the only Chinese university in Southeast Asia and even overseas.

One can imagine its position in the hearts of Chinese people in Southeast Asia!

In the first week after the marriage, Li Wenzheng said to him: "I have made a decision. My son-in-law cannot work in my bank!"

Immediately, 21-year-old Weng Junmin blurted out: "I don't know what I am going to do, but I am going to surpass you!"

Later, Weng Junmin really started his own business and became the only family member not involved in the Lippo Group family business.

Starting from a small business, Weng Junmin sold Yangcheng Pearl River mooncakes and acted as an agent for Japanese automobiles.

It wasn't until the financial crisis broke out in Indonesia in 1997 that he succeeded in bargain hunting, and his career really took off!

This year's Forbes rankings were also released. He is ranked 8th in Indonesia with a net worth of US$3.5 billion, surpassing his father-in-law Li Wenzheng, who is worth US$3 billion and ranked 9th.

At the same time, he also fulfilled the promise he made 40 years ago! Both his father-in-law and son-in-law are among the top ten richest men in Indonesia, which has become a good story!

In addition, he was once a popular candidate for Indonesia's vice president.

Although he was not successfully elected later, he has deep connections in Indonesian political circles. He is one of the nine members of the Indonesian Presidential Advisory Committee and the only Chinese among the nine.

In addition, the Guosen Group he founded has established a student aid fund at Beijing University, and this year he donated more than 100 million yuan to Fujian Province.

It sounds like a story about a poor boy marrying Bai Fumei, and his wealth surpasses that of his father-in-law!

But Zhang Yida heard from Li Chuan, Li Wenzheng's grandson, that Weng Junmin failed once in the automobile trade in the 1980s, and it was his father-in-law's support that allowed him to get back on his feet.

However, one cannot deny his personal efforts just because of this!

In the more than ten years after his marriage, he almost always started his own business without any support from Li Wenzheng.

Weng Junmin has a similar start to Samsung's son-in-law, but the ending is completely different!

Zhang Yida feels that this is the cultural treasure passed down by the Chinese nation at work!

Because the Chinese believe: "Princes, generals, and ministers would rather have their own kind" and "victory is achieved with both hands"...

There are reasons why more than two-thirds of the wealthiest people in the ten Southeast Asian countries are Chinese.

In addition, I have to say that having a good father-in-law will save you decades of hard work!

Futukang Guo Taimin, Li Jiacheng, and South Korea's Lotte Group also all relied on their father-in-law to make their fortunes.

Some people lack such an opportunity in this life. If they have the opportunity, the carp will jump over the dragon's gate. If they don't have the opportunity, they will disappear under the passage of time!

The elegant man in a white shirt next to Weng Junmin is Chen Zhishen, the president of Pangu Bank and the grandson of the founder of Pangu Bank.

This man, who is also in his sixties, became famous when Thailand encountered the financial crisis in 1997. He led Pangu Bank to survive the crisis safely and became the largest commercial bank in Thailand, with total assets exceeding US$50 billion.

Not to mention Huang Hongnian, who was once known as China's number one mentor in capital operations.

Naturally, this group of people knew a lot about finance, so Zhang Yida talked about Internet + finance, which he was good at.

“The biggest change that the Internet has brought to the financial industry is reflected in the word ‘efficiency’.

The definition of Internet banking is to move traditional banks to the Internet, provide customers with Internet financial services, and realize all business operations of the bank.

The purpose of Internet banking is to supplement traditional banking services.

Generally, traditional banks mainly serve large companies and basically do not benefit small and micro customers.

Internet banks, through cutting-edge technologies such as big data and AI, have made it possible to serve the small and micro economy.

Taking traditional banks as an example, including the maintenance costs of various channels such as outlets and branches, as well as pre-loan and post-loan operating costs, the cost of opening outlets often accounts for 50%-65% of the total cost.

In Internet banking, all customer acquisition, risk control, and services are completed online, which can greatly save the decoration, rental expenses, and labor costs of branch service personnel..."

The three of them listened carefully to Zhang Yida's introduction. China's Internet financial technology is undoubtedly at the forefront of the world.

Zhang Yida, who holds a super unicorn like Ruixiang and several mutual financial listed companies, is undoubtedly an expert in it.

So Huang Hongnian came to work as a lobbyist, and Weng Junmin and Chen Zhishen agreed to form a joint consortium to jointly acquire Gem Bank without much thought.

Today they gathered together to discuss Gem Bank's next operating strategy and plan.

Zhang Yida continued: "Under the traditional bank counter business model, customers need to wait in line to get a number, and may also face poor service, difficulty in loan approval, etc., which is time-consuming and laborious.

Internet banks do not have physical outlets or branches.

Customers open an account online and are not restricted by time, location, space, etc., and can complete all financial business transactions;

Through networked, programmed transactions and computer speed, automation and other processing, tedious procedures and time spent traveling to branches are saved.”

Weng Junmin asked with a serious face: "Yida, what do you mean, do you want to abolish the offline branches of Gemstone Bank and fully transform it online?"

Zhang Yida nodded, "Yes, that's what it means. The labor costs saved will be converted into bank profits."

"Gem Bank has more than 200 branches and nearly 400 outlets. If it is abolished at once, tens of thousands of people may lose their jobs."

What Chen Zhishen considers is the social impact. A foreign-funded company acquires a local bank in Indonesia and suddenly lays off tens of thousands of people. This is going to explode!

Upon hearing this, Weng Junmin, who is well versed in politics, suddenly changed his expression.

He waved his hand and said: "Laying off employees is definitely not an option. Laying off tens of thousands of people at once will cause great controversy, let alone laying off tens of thousands of people at once.

We are all Chinese-owned and can easily arouse the hostility of the Indonesian government and the whole society."

Zhang Yida had expected this to happen, and explained with a smile: "There is no rush in this matter, you can take your time. It is impossible to do such a stupid thing by laying off tens of thousands of people at once."

This reform must be carried out step by step. In addition, before Internet banks become larger in scale, traditional businesses are also needed to generate profits.

I also have a plan B, which is to set up a separate Internet bank in addition to the traditional banking business of Gemstone Bank.

In this way, there won’t be too many conflicts with traditional business.”

"This method is feasible, but Indonesia currently does not have the relevant financial license."

Huang Hongnian looked at Zhang Yida and asked his question.

Zhang Yida looked at Weng Junmin and said with a smile: "This requires Mr. Weng to work harder. Isn't OJK issuing P2P licenses? It shouldn't be a big problem to have another Internet banking license, right?"

Weng Junmin is also a figure who has been involved in the business world for more than 40 years. When he heard this, he immediately knew why Zhang Yida was so kind to get him to join the group.

It turns out that I want to use my own political and business resources!

But he doesn't dislike it either. Doing business together means investing resources together.

Zhang Yida has brought out top-notch financial technology technology and operational experience, so he naturally needs to express himself.

"This is no problem, I can communicate with OJK officials."

Chen Zhishen also expressed his position: "If the Indonesian case is successful, in Thailand, we at Pangu Bank can also communicate with the authorities."

Zhang Yida nodded and smiled, "Then I'll help you two!"

"These are small things!"

Weng Junmin waved his hand and looked at Zhang Yida with a pair of eyes that were slightly swollen due to age, "The technology and talent..."

“Yimin bank can merge into the gem banking system!”

Weng Junmin had naturally heard of Yimin bank, and he also knew that it was operating quite well, with monthly loans of hundreds of millions and astonishing profits.

He laughed loudly and said: "That will put Yida at a disadvantage, and we old guys will take advantage."

Zhang Yida waved his hand and said with a smile: "Since we are partners, we should be both prosperous and prosperous."

After the respective resource investment has been negotiated, there is basically no big problem.

Zhang Yida began to tell the three people the stories of the three major domestic Internet banks, including WeBank, MYBank, and Xingwang Bank.

After hearing words such as "annual loans of hundreds of billions" and "valuation of hundreds of billions", the three became more interested.

Zhang Yida did not try too hard to deceive, but compared the population and economic gap between Indonesia and China, and made a realistic estimate of the Indonesian Internet bank.

Finally, it was concluded that reaching one-tenth the size of WeChat and online merchants is a more realistic goal.

All three of them nodded. One-tenth of the company's size would be pretty good, and it would be a company with a valuation of tens of billions.

However, the three of them are all bankers, so they still prefer to see something real.

Valuation is relatively fictitious; they would rather hear figures such as actual revenue and net profit.

The actual revenue and net profit of Internet banks are not bad either. Taking WeBank as an example, the revenue in 2016 was 6.7 billion and the net profit was 1.4 billion.

The three of them were finally satisfied because these figures could be found and they were not afraid of Zhang Yida telling lies to deceive them.

Internet banking is a very promising thing!

"I heard that you and Bonima are having some trouble. Do you need me to ask the Chaoshan Chamber of Commerce to help you make peace?"

Chen Zhishen's family is also from Chaoshan, and has close ties with the Chaoshan Chamber of Commerce in Hong Kong and mainland China.

Bonima is also from Chaoshan, and Penguin also received early investment from Li Zekai, who also belongs to the Chaoshan business gang.

Zhang Yida politely declined the kindness. The conflict between Bonima and him was too great. Bonima would never show weakness until the penguin was beaten so hard that it hurt.

And if Zhonghe is allowed to withdraw from some fields, what is the point of making peace?

Chen Zhishen only mentioned it. He also knew the power of Bonima. A chamber of commerce could only say two sentences.
Chapter completed!