Money market funds!
Do you remember when Taobao launched its first wealth management product in 2013?
There were many innovations at the time.
For example, interest is settled daily.
For example, the interest rates are much higher than those of banks.
At its peak, it reached over 6%.
If you put 10,000 yuan in there, the daily interest will be around 1.8%.
Keep in mind that at that time, the interest rate on bank demand deposits was only 0.2%.
Ten thousand yuan only costs two cents.
The two are worlds apart!
Moreover, that financial product has extremely low risk.
In the ten years since its launch, it has never lost a single penny.
It was the launch of that product that propelled Taobao to a whole new level.
It was precisely because of that product that an era of universal financial management began.
However, that product will not be available for another three years.
If we could develop it now, it would be an absolute game-changer, dominating everything in its path.
Ye Feng carefully wrote a plan.
Let's leave it to Yang Ruolan to handle when she returns.
Yes, Yang Ruolan is really great.
Ye Feng decided to wait until Yang Ruolan returned from her business trip.
Let her choose an apartment near the company, and I'll buy it for her and give it to her.
It cost 25 billion yuan to purchase 50% of Lei Jun's shares in the Coarse Grain Group.
Ye Feng still has over 100 billion yuan in his hands.
Two hundred billion of this money will be set aside for emergencies.
Ye Feng plans to invest in the chip industry for the rest.
This thing is expensive and takes a lot of time.
Currently, this area is practically nonexistent in China.
The recruitment of various talents alone requires a lot.
Chip manufacturing is related to majors such as electronic science and technology and computer science and technology.
Mechanical design, manufacturing and automation, materials science and automation, electronic information science and technology, microelectronics science and engineering, etc.
The initial investment alone is an astronomical figure.
Ye Feng thought of someone.
A person with an unparalleled passion for the chip industry.
He proposed the idea that science and technology have national borders very early on.
High-tech products like chips, which are in high demand domestically, must be firmly controlled by ourselves.
However, not many people were willing to listen to him.
Because foreign-made chips are cheaper and have better performance.
There's no reason for us to go through the trouble of designing and producing it ourselves, even if it's thankless work.
It costs money and time, and there's no guarantee of success.
It is precisely because so many people have this idea.
This led to sanctions being imposed on high-end chips in China several years later.
They even brought down a brand that was almost at the top of the world rankings.
Ye Feng remembered that the person was now a professor at Magic City University.
He had failed in his business ventures several times, and finally, when he was completely broke and disheartened, he came here to take classes.
With that in mind, Ye Feng headed straight for Magic City University.
After asking around, I found a middle-aged man in his fifties who was reading in the library.
Liangping!
When Ye Feng walked up to him, he was reading a physics book.
"Hello, Professor Liang Ping."
Liang Ping, who was reading a book, looked up, somewhat puzzled: "Excuse me, is there something you need?"
Ye Feng: "I'd like to discuss something about chips with you."
"I wonder if you have time? Let's talk outside."
Liang Ping became interested.
She put the book back in its place and followed Ye Feng outside, where they sat down by a flower bed.
Liang Ping: "What do you want to know? There aren't many people interested in this these days."
He thought Ye Feng was just interested in this topic and wanted to ask him about some difficult problems.
But Ye Feng said something that shocked him to no end.
"Here's the thing, I want to start a chip company."
I know you have started several businesses before. Although you failed, you have accumulated a wealth of experience and connections.
So we'd like to invite you to come out of retirement again and help us create our own chips, so we won't be dependent on others in the future.
Liang Ping shook his head. He looked at Ye Feng seriously: "Are you kidding me?"
Do you know how difficult it is to get into the chip industry?
How many difficulties need to be overcome, and how much investment is required?
Ye Feng smiled and said, "I know, the manufacturing process of a chip is very complex."
A production line involves approximately fifty industries and two to five thousand processes.
The five steps are: wafer fabrication, chip design, chip manufacturing, testing, and packaging.
Someone from abroad once said something like this.
Even if we had all the blueprints and materials laid out in front of us, we still wouldn't be able to manufacture a chip in a hundred years.
What I'm trying to say is, unless this chip was created by God, we can definitely make it.
Liang Ping's gaze towards Ye Feng changed.
It was the kind of gaze one would give upon seeing a kindred spirit.
Because Ye Feng's thoughts were exactly the same as his.
Why can't we manufacture chips?!
Why should we be looked down upon by people from other countries?!
It should be noted that when it comes to intelligence, Chinese people are by no means inferior to foreigners.
In many ways, they are even better than foreigners!
"Good, well said!" Liang Ping patted Ye Feng on the shoulder:
"Because of what you said, I've decided to try again."
By the way, did you have more than 20 million in initial investment?
"Twenty million?" Ye Feng's eyes were strange.
"No?" Liang Ping thought for a moment: "A little less, ten million, is something we can manage if we grit our teeth."
"At worst, if things really come to a head, I'll sell the old house!"
Ye Feng's expression became even stranger.
Seeing his expression, Liang Ping assumed he didn't even have ten million.
He gritted his teeth and said, "5 million, at least 5 million, no less!"
Ye Feng chuckled and said, "You're overthinking it. If it were just this little bit of money, how could I possibly ask you to come out of retirement?"
My initial investment in this field was 50 billion.
“Oh, 50 billion.” Liang Ping nodded.
"How much?!" The next second, his voice suddenly rose: "How much? Did I hear that right?"
Ye Feng laughed and said, "You heard me right, it's 50 billion."
Use this money initially to recruit talent from various fields and to purchase some equipment.
Don't worry about running out of money; I'm mentally prepared to invest five to ten trillion in this industry.
After hearing Ye Feng's words, Liang Ping frowned and remained silent.
After a while, he slowly spoke: "Young man, go to school diligently."
Don't joke about an old man like me; this joke isn't funny at all.
After saying that, he prepared to stand up and leave.
They simply didn't believe Ye Feng could come up with such a huge sum of money.
"Professor, please don't go!" Ye Feng quickly grabbed him. "I'm not lying to you. Look at my bank account balance..."
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