Super Rich from Winning a Lottery-Chapter 251 - 198: Third Sister’s Fruit Chain Store Wants to Go Public

For ordinary people, being able to save for a one-year, two-year, or at most three-year fixed term is already considered good.

The interest rate for a one-year fixed term is only 2.25, definitely not as good as putting it in the Yu’e Bao at Anjing Pay.

Don’t say you saved for a one-year term; even if you saved for two, three, or five years, it wouldn’t be as good as putting it in Yu’e Bao at Anjing Pay. 𝚏𝕣𝐞𝗲𝐰𝕖𝐛𝐧𝕠𝕧𝚎𝚕.𝐜𝚘𝗺

After all, the biggest advantage of depositing in Yu’e Bao at Anjing Pay is the flexibility and convenience when you need to use money.

Many people were cautious at first and only deposited one or two ten thousand yuan into Yu’e Bao at Anjing Pay. The next day, the interest income was successfully credited. A ten-thousand-yuan deposit for just one day earned an interest income of as high as 1.12 yuan, and depositing twenty thousand yuan would earn 2.24 yuan in interest.

Some people then thought, if they save thirty or fifty thousand yuan, their daily breakfast money would be covered.

In fact, that’s true. Back in 2009, with fifty cents in Shenzhen, you could buy a steamed bun. For many people, two yuan was enough for breakfast: two buns and a cup of soy milk, which exactly cost two yuan, and in some places, it’s only one and a half yuan.

Originally, some people kept money in accounts at Anjing Pay for extended periods, but there was no interest income in the past.

As a third-party payment platform, Anjing Pay itself needs to be monitored by banks, and the money in Anjing Pay accounts must also be held in bank escrow accounts.

This is why the interest generated from the balance in Anjing Pay accounts went to the banks, and the Anjing Pay company did not get any benefit.

This is also the main reason why Anjing Pay launched Yu’e Bao.

Now, by depositing in Yu’e Bao at Anjing Pay, you can enjoy interest, and it’s not low; it’s much higher than what you get from a bank account.

Many users began transferring money from their linked bank accounts to Yu’e Bao at Anjing Pay.

Soon, Jack Ma discovered that the introduction of Yu’e Bao by Anjing Pay was truly astonishing, opening his eyes wide. He thought to himself why he hadn’t come up with such a brilliant idea.

But even now, it’s not too late. He quickly copied Yu’e Bao onto Taobao Pay, only changing the name to Yuchang Bao, offering almost the same interest rate. After all, an interest of 1.12 yuan per ten thousand yuan per day was already very high, and Jack Ma didn’t dare to increase it freely.

If it comes down to comparing financial strength and who has more money, Jack Ma had no confidence in competing with Anjing Pay.

Yi Anguo was not surprised at all by Jack Ma’s response. He would look down on Jack Ma if he didn’t follow and try to compete.

As a result, banks were in a tough spot when they started running out of money. Without deposits, how could a bank survive?

Without money, there was no way to extend loans, and a bank’s profit was mainly about absorbing deposits at low interest rates and lending them out at higher interest rates, earning the difference.

Now, with bank customers withdrawing money, the banks’ deposits decreased, leading to less profit.

Even if they wanted to raise interest rates, they were limited. After all, there are strict national regulations on deposit rates, and although there is room for some adjustment, that space is limited, and exceeding it is not allowed.

Moreover, that only applies to large deposits; it’s impossible to offer the highest interest rate to small deposits.

So when Yu’e Bao and Yuchang Bao both approached various banks to negotiate for higher interest, the banks had no choice but to compromise.

Although Yu’e Bao and Yuchang Bao didn’t earn a lot, just a small fee, accumulated over time, it became a considerable income.

Furthermore, with so many companies under Yi Anguo, if funds were needed for turnover, they could obtain the needed funds at the lowest cost.

For instance, when An Country Bank needed funds for turnover, it would be more convenient.

After the opening of Anjing Times Square, Anjing Century Center was also put into use. This project was even bigger than Anjing Times Square, and Yi Anguo still chose to rent rather than sell, saying it was not the time to sell yet.

Guohui Fresh Supermarket accelerated its development this year, and Yi Anguo’s third brother-in-law was greatly stimulated after seeing the rapid expansion of Anjing’s large comprehensive supermarket.

After discussing with Yi Anguo, he borrowed a sum from An Country Bank to speed up the expansion.

Yi Anguo asked his third brother-in-law if he was interested in taking Guohui Fresh Supermarket public, allowing him to be a chairman and CEO of a listed company.

The third brother-in-law, intrigued, asked, "How would that work? Bringing in more shareholders would dilute my shares! Even if we chose a chairman and CEO, it wouldn’t be me!"

"I’ll sell a portion of my shares to boost our company’s market value and valuation. As long as I back you up as chairman and CEO, who would dare oppose?" Yi Anguo said with a smile.

"With our current scale, we probably can’t go public yet. If we were to assess the valuation, how high could it go?" the third brother-in-law curiously asked.

"By now, we have about sixty or seventy chain stores, right? Since you’ve already taken out a loan, you can expand a bit more, say, to one hundred stores first! Even if we can’t go public immediately," Yi Anguo said.

"Anguo! My fruit shop already has 117 stores. I don’t even want to worry about going public—I’m exhausted," the third sister said with a laugh from the side.