Chapter 1596: Chapter 1432: Draw Inferences from One Instance (Please Subscribe!)

"Tang Qing treats becoming the richest man as a starting point, while we see it as a life goal."

"A common saying among the wealthy: Having too much money is just a number." 𝑓𝘳𝘦𝑒𝑤𝑒𝘣𝘯ℴ𝘷𝘦𝓁.𝑐𝑜𝑚

"Well said. As long as you’re better than yesterday’s version of yourself, someday you’ll become the best version of yourself. Those who complain about life’s unfairness, have you ever truly invested effort in your daily life?"

"The person above is completely brainwashed."

"+1."

"Tang Qing is getting cocky."

"That’s not the main issue. The main issue is, why can’t I choose installment payments? Is it just because I don’t have a Xiao Xiao account? Or because I don’t have professional certification?"

"Exactly, this is unfair."

"Unfair? You think not having it makes it unfair? Ridiculous."

"Hilarious. Don’t you all know the saying—if you want to win five million from the lottery, first, you have to buy a lottery ticket. Otherwise, sitting at home complaining endlessly won’t get you anywhere."

"You’re twisting the argument."

"How is it any different?"

"We’re talking about the issue of qualifications."

"Qualifications? A company says: I only hire undergraduate graduates. You have a diploma, and you insist that’s unfair? A workplace says: You must pass the exam to qualify for an interview. You didn’t pass, so you want fairness for that too?"

"That’s not the same thing."

"How is it not the same thing? Just because you lack it, you call it unfair? What kind of ridiculous logic is that?"

"..."

Amid the hype.

Dissenting voices inevitably started to emerge. After all, this was a clear case of differential treatment. By the standards, only a few tens of millions domestically had the qualifications to apply for installments. Some had it, some didn’t.

The problem wasn’t scarcity.

But inequality.

Why should others have it while I don’t? This sparked discontent among many. Regarding this, Tang Qing remained indifferent. With the growth of the internet inevitably came the side effect of online violence.

Of course.

Among.

There were also many legitimate concerns intertwined.

"I’ve been studying for Civil servant exams ever since I graduated. Without professional certification from any workplace, I also want installment qualifications."

"I started my own business after graduation, opening a small shop. I don’t have a Xiao Xiao account. If I sign up now, is it still possible?"

"I’m a freelancer..."

"I’m a homemaker..."

"..."

Many were inquiring.

At this moment.

Qingyuan Technology’s official website released a new announcement.

"For every installment purchase of a mobile phone, as the manufacturer, due to varying payment terms, we bear about thirty percent in prepayment costs on average. Currently, Qingyuan Technology’s liquid funds are limited."

"However, to benefit more people, Qingyuan Technology will soon launch personal installment credit limits. Based on the previous system, the coverage can expand by about 1.5 times as long as real-name authentication is completed."

"And by active use for more than one month, certain credits can be obtained."

"Please note that all installment payments must be repaid on time, as they will be directly tied to personal credit investigations, impacting your bank loans, employment, and credit history. Please consume cautiously."

Once the news was out.

The online debates quieted down significantly.

After all.

Installment options do have costs associated.

Following this.

Many users who didn’t fully meet the regulations checked online...and their faces dropped. Well, they overestimated. They could only sigh about Tang Qing being sneaky, as the listed credit limits were rather small.

Previously.

Epoch’s product installments lacked a credit limit, offering installment rights only for mobile phones and tablets, while accessories could not be purchased.

This time.

An initial credit limit of five hundred per person.

Five hundred?

It’s only enough to buy accessories. Forget about phones.

If you don’t have a phone, what’s the point of buying accessories? Seeing this tied to credit investigations and requiring real-name registration, many lost interest, feeling this was somehow a "waste."

Since the limit could buy accessories.

Some people couldn’t help but think about buying a mobile phone, as leaving the credit unused felt wasteful.

Though there weren’t many individuals with such consumer psychology, it wasn’t unheard of. Hence, within just a day after the announcement, the number of full-payment customers in this category increased by nearly sixty thousand—a rather amusing outcome.

"Sigh. Buyers are no match for sellers."

"Tang Qing throws out a little money but makes big profits, and the little money isn’t even a handout—you still have to pay it back. I’m speechless...This business mindset has completely revolutionized a business model."

"Damn Tang Qing, he swindled a third of my savings."

"Just from glancing at a post, I ended up losing several thousand dollars."

"Suddenly, I feel like my hands are cursed."

"..."

And thus.

Qingyuan Technology’s consumer installment system’s first-phase functionality was officially launched, leaving netizens at a loss for words, sarcastically remarking that although they were given credit limits, they ended up spending even more.

This wave of backlash.

Was a loss.

...

Ali.

Headquarters.

Ma Yun was discussing consumer installment matters with senior managers. This approach of enabling installment payments for selected products was practically a "feat," moving the offline credit card system to the online realm.

Tang Qing’s creation.

Truly remarkable.

As a result.

They had been debating for three days.

"Our Boss Tang is truly unpredictable. While we’re here discussing adding personal credit limits to Qingyuan Technology’s existing installment options for products, he went ahead and launched it."

Seeing the updated announcement.

The senior managers couldn’t help but heap praise.

It wasn’t about flattering their major shareholder; it was genuine admiration. Previously, their hesitation came from fear of Tang Qing’s reputation, thinking that if Tang Qing didn’t go forward, there might be hidden risks.

Looking at it now.

Those worries were unnecessary.

"The situation is clear. Epoch’s sales data proves that consumer installment plans can significantly boost e-commerce consumption. And it’s far less tedious than traditional credit card application processes."

"The usual concerns about credit card issues won’t be a problem here, as this installment + credit limit system is directly tied to personal credit investigations, effectively preventing large-scale bad debts."

"The only issue remaining is prepayment costs and adjusting the payment terms. We at Ali have abundant idle funds, although this doesn’t concern us directly, it does facilitate negotiations with merchants."

"We’ll still only operate as a platform, offering virtual authorization to provide users with spending credit. Depending on circumstances, we can negotiate installment payment agreements with merchants. This way, our risks are..."

One of the senior managers passionately elaborated.

Clearly enthusiastic.

The larger the platform’s transaction volume, the better.

"The pressing matter now is connecting with banks for credit and acquiring relevant financial permits." Tang Qing must have already secured these permissions, leaving them slightly envious.

He didn’t even bother inviting us to join in.

Still.

Thinking about it, it’s understandable.

Tang Qing took the lead, leaving the leftovers; apart from large platforms like theirs, no one else could get a share of the pie. A few months ahead or behind hardly made a difference.

"As for credit limits, we can reference Xiao Xiao’s database but shouldn’t replicate it entirely because their credit-granting users are mostly employed individuals, excluding students without income."

"People not registered on Xiao Xiao are also excluded."

"Therefore, we need to innovate. Credits won’t be directly granted; instead, we’ll use an invitation system. After a certain registration period, credits can be offered, with completeness of submitted information increasing the limit."

"During holidays, we can also offer temporary credits to users with good creditworthiness."

"Furthermore, for users with good installment repayment records who repeatedly view a pricey item, we can consider granting them temporary credits to facilitate their purchase."

"..."

Tang Qing pointed the way.

They weren’t just idle spectators either.

Building on his ideas.

They quickly formulated the complete installment and credit rules system.

"Very good, draft a concrete plan. Don’t rush; take it step by step. Our primary goal is ensuring the platform grows healthily while delivering better market response and impact."

"Understood, Boss Ma."

"Alright."