Rebirth: Super Banking System
Chapter 1597 - 1433: Subscription (Please subscribe!)

Chapter 1597: Chapter 1433: Subscription (Please subscribe!)

Aside from Ali.

Jingdong.

Su Ning.

Gome.

Dangdang.

Domestic e-commerce platforms or semi-e-commerce brands like HC360 have begun to evaluate the feasibility of this installment model. If Tang Qing says it’s one of the mainstream methods, then it must be correct.

The only question is whether it suits them.

...

Fudan.

"Tang Qing, why don’t installment plans include allowances for enrolled students? Not even a credit limit of five hundred," Zhong Liang asked. Although he didn’t need it, he couldn’t resist asking Tang Qing. After all, students have substantial consumption power.

Tang Qing paused the sketching in his hand.

He looked up.

"Installment is overdraft consumption. The monthly repayment might take up half of most students’ living expenses. While I trust their credit capability to pay back, I simply don’t want to profit from their living expenses."

"That’s all."

Upon hearing this.

Zhong Liang felt immense respect.

Among entrepreneurs.

Tang Qing’s sense of social responsibility was unparalleled.

"You made the right decision." Zhong Liang nodded thoughtfully and added, "But if you don’t do it, and Ali steps in to provide credit limits for students, allowing them to buy your Epoch smartphones, what then?"

Tang Qing chuckled.

"Ali won’t offer a student a five or six thousand credit limit. At best, it’ll only be one or two thousand to start, gradually increasing over time. Meanwhile, students have other purchasing needs, so amassing enough credit to buy Epoch smartphones is nearly impossible."

Zhong Liang suddenly understood.

He had been overthinking it.

Zhong Liang then asked, "So, are international sales growing significantly?"

"No, hardly." Tang Qing shook his head.

"???"

"Internationally, Epoch smartphones don’t offer installment options based on the company’s model."

"Why?" Zhong Liang was puzzled.

"Interests, installment plans, banking powers—a credit card is also one of the largest sources of profit for Western banks. Domestic banks don’t oversee this because higher-level policies prioritize requirements for banks rather than pursuing profit above all else."

"That’s why Alipay can exist domestically. Abroad, Alipay would be illegal under their laws."

"Foreign banks are different. Being private enterprises, they prioritize profit first, leading to monopolistic banking groups. Anyone attempting to encroach on their territory or disrupt their cake will face resistance."

Banks have different responsibilities.

And different operating styles.

Domestic banks primarily execute the Central Bank’s monetary policies, ensuring stable national economic operations, maintaining fundamental financial security, and conducting business. They don’t chase after every penny strictly for profit.

Naturally.

Despite being competitors.

From the beginning.

Domestic banks did not impose the harshest restrictions on Alipay or WeChat Pay.

They even encouraged innovation.

Foreign banks, on the other hand, have only one goal: making money. They will use every means available, fiercely resisting any competitors that appear to challenge or reform their domain—a single word sums up their approach: "fight."

"Quite terrifying. Suddenly, domestic banks seem much kinder." Zhong Liang chuckled bitterly.

"In some aspects, yes."

...

In the days that followed.

The impact of installment plans gradually became apparent. In just one week, Epoch smartphones + tablets’ domestic weekly sales exceeded one million units—a phenomenon that hadn’t been seen since Epoch’s initial release.

"Qingyuan Technology is on the brink of going public. Tang Qing’s rollout of installment plans and credit limits is truly aimed at boosting Qingyuan Technology’s momentum."

"Reportedly, Ali and major e-commerce platforms are also gearing up for installment functionalities."

"Installments, the sharp weapon of e-commerce."

"The U.S. subprime crisis is evolving into a global economic crisis. Amid weak consumption, experts suggest this is an effective method to stimulate the economy and aid in recovery."

"Caution! Should university students be exposed to overdraft consumption so rapidly?"

"..."

Domestic media was abuzz with excitement.

Forbes’ spotlight was fading.

Tang Qing immediately introduced installment plans, providing ample material for in-depth coverage, requiring no extra effort. Plus, with Qingyuan Technology going public internationally, as its home base, domestic media outlets were naturally supportive.

The media.

Their support came as promotion.

Conversely.

Western media was less enthusiastic; after all, Qingyuan Technology wasn’t being listed in a Western country. They showed little interest. However, while the media remained indifferent, many international capital groups were highly intrigued.

Microcrystalline Technology had already earned them considerable profits.

Qingyuan Technology.

A premium stock.

Given the current financial crisis.

Opportunities to profit are scarce. When they appear, they must be seized. Capital prioritizes appreciation, not emotional sentiments that lack tangible value. Qingyuan Technology’s subscription offerings had begun.

...

Wall Street.

A certain investment firm.

"No updates yet on Qingyuan Technology’s IPO details?"

"Sorry, Manager. The Burmese exchange maintains top-level secrecy. As you know, they’re not interested in sharing information with us. When have we ever obtained anything useful?"

At this point.

The subordinate smiled bitterly.

Although Burma has just shifted out of its agricultural country status, its internal stability is exceptional. Information inquiries only yield irrelevant details, and even if offered substantial bribes, they remain tight-lipped.

Anyone bold enough to accept bribes.

Ends up singing prison dirges.

"Alright. Truly a peculiar country."

"Indeed."

...

London.

A major financial firm.

"Our subscription qualification has been approved, and two hundred million dollars have entered the Burmese stock exchange accounts."

"That’s good."

"Should we invest more? This week, Qingyuan Technology’s sales have surged dramatically. Their weekly revenue neared eight hundred million dollars. Their first quarter earnings report for 2008 is bound to be impressive."

"Hmm, add another hundred million dollars."

"Understood."

With public anticipation mounting.

March 11th.

Qingyuan Technology announced its IPO details.

Shares account for 20% of the total.

Final valuation reached 20 billion dollars.

Total funds raised amounted to 4 billion dollars, approximately 28 billion Asia Dollars. Offering price was 20 Asia Dollars per share, totaling 1.4 billion shares—making it the largest private enterprise IPO on the Burmese exchange.

Burma.

"Another new stock."

"After four months of waiting, it’s finally here."

"Tang Trillionaire, it’s starting to sound better and better."

"..."

Anticipation for new company listings.

Burma’s stock investors were eager.

Qingyuan Technology.

Became the first foreign-listed high-tech enterprise on the Burmese exchange—and one with immense reputation. Epoch smartphones had revolutionized the era, with stellar sales in Burma.

Stylish design.

Durable.

Fast operational speed.

Extremely user-friendly.

Such a company undeniably warranted support. Many who missed previous wealth-generation opportunities flocked to local securities exchanges to open accounts and subscribe to Qingyuan Technology’s shares.

Within one day.

Subscription multiples continuously climbed, reaching 2.5 by evening.

The next day.

3.4.

On the third day.

4.1.

In other words, each share had 5.1 subscriptions, with a success rate of around 20%. This subscription frenzy was even after the Burmese exchange imposed customer screenings and entry thresholds.

Otherwise.

It might have skyrocketed further.

Fortunately, the Burmese exchange employed a major client mechanism, allocating some issued shares to big clients. The rationale was simple: these individuals were adept at market operations, and occasionally, markets indeed needed some ’strategizing.’

By the subscription closing date, the multiple approached six.

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