Reborn in 2011, 985 missing from two copies

Chapter 716 Huabei goes online, reshuffles the industry!
Wang Yi continued, "But unfortunately, not everyone has a credit card, which means that many people cannot enjoy the benefits of credit installment payments."

"Therefore, Xingyi Bank has launched the innovative 'virtual credit card' – Huabei!"

"Users only need to download the Xingyi Bank APP, click to activate Huabei, upload the required information as prompted, and they can see the Huabei credit limit they can get. Once approved, the credit limit can be used officially."

"Whether you shop online or offline, you can choose to use Alipay to pay with Changliao Pay."

"You spend this month, get the bill next month, and then pay it off—all with zero interest."

"If you have trouble making payments, you can pay your bill in installments, but like credit cards, installments will incur interest."

Upon hearing this, everyone became excited:

"That's great! Alipay is like a virtual credit card!"

"That's right, everyone still gets one, there's no need to go offline to apply, and you can use Changliao Pay on various platforms."

"Spend this month, pay next month, zero interest, which is equivalent to having an extra month of working capital."

"Installment payments are great too. I've had my eye on the Xingyi Ultrabook S1 Pro for a while, but the price of over 10,000 yuan is too much for me. Now with Alipay installment payments, I can pay it off in 12 installments of around 1000 yuan each, which makes it much easier."

"Buy early and enjoy early; a little interest is no big deal."

"I also saw that some products offer 12-month interest-free installments. Does that mean that even if you pay in 12 installments, there will be no interest?"

"Really? No way!"

"It's true! Look at the newly released Starry Sky RTX 980, it's only 3999, and it supports 12-month interest-free installments, so you only need to pay 333.25 per installment!"

"The Xingyi gaming laptops and desktops equipped with the Xingyi RTX 980 also support 12-month interest-free installments!"

"The Starry Sky RTX 970 is also available with 12-month interest-free installments."

"Wow, that Xingyi graphics card is amazing!"

"I was originally torn between buying the GTX 980 or the Starry RTX 980, but now I'm all set on the Starry RTX 980, just for the 12-month interest-free installment plan."

"I used to think the Starry Sky RTX 980 was too expensive, and I thought I'd just buy the Starry Sky RTX 970 instead. But now that the Starry Sky RTX 980 has 12-month interest-free installments, it's not expensive at all. I'll just go for it!"

"I also upgraded from a Starry Sky RTX 970 to a Starry Sky RTX 980, and the 12-month interest-free installment plan was really stress-free."

"Huabei is great, and 12-month interest-free installments are even better! Thank you, Chairman Wang, my happiness index has increased several levels this year."

Wang Yi laughed and said, "I believe many people have seen that Huabei installment plans have different interest rates, some have low interest rates, and some offer 12-month interest-free installments."

"For example, flagship and high-end graphics cards like the Starry Sky RTX 980 and Starry Sky RTX 970 support 12-month interest-free installments via Alipay."

"Flagship gaming laptops, desktop computers, Xingyi TV X70, etc., also support 12-month interest-free installments."

"Everyone only needs to pay one-twelfth of the price to take the product home, and then pay in installments on the monthly billing date with no interest. It can be considered a benefit for everyone."

"Chairman Wang is mighty!"

"Chairman Wang is such a good person!"

Everyone was excited.

12 interest-free installments – no one would refuse such a great deal!

In fact, if everyone stops consuming, the consequences will be severe, leading to deflation, insufficient economic vitality, and making it even more difficult for everyone to earn money!

On the contrary, when everyone consumes actively, the economy circulates, incomes rise, and living standards improve.

This is also one of the reasons why Wang Yi launched Alipay's Huabei service.

It's about stimulating consumption, stimulating people's desire to buy, and boosting sales!
While flagship graphics cards like the Starry Sky RTX 980 are slightly more powerful than the GTX 980, most people will probably still choose the GTX 980, given its established brand reputation.

In this situation, without 12-month interest-free installments, the annual sales of the Starry RTX 980 might only reach 500,000 units.

The GTX 980 can sell 150 million copies!

But with Alipay's 12-month interest-free installment payment option, the purchase threshold is greatly lowered, so the sales volume will not be limited to 500,000 units.

Instead, it starts at one million copies!
Furthermore, many users who were planning to buy the GTX 980 will abandon it and choose the Starry RTX 980 instead, given the 980-month interest-free installment plan. This could increase the sales of the Starry RTX 980 by another million units.

Based on this calculation, the annual sales of the Starry Sky RTX 980 will not be 500,000 units, but 2 million units, or even more!
Once annual sales reach 200 million units, the cost of the Starry RTX 980 will be significantly reduced due to economies of scale.

The market share, brand awareness, number of users, brand influence, and so on of Xingyi graphics cards will all soar.

These values ​​far outweigh the small interest cost of a 12-month grace period!

It can be said that Alipay's Huabei service and 12-month interest-free installments were another core strategy by which Wang Yi crushed Nvidia!

As expected, many users abandoned the GTX 980 and opted for the Starry Night RTX 980 instead.

I originally planned to buy the Starry Sky RTX 970, but I also opted for the 12-month interest-free installment plan to upgrade to the Starry Sky RTX 980.

Some people who were planning to buy the Starry RTX 960 decided to give up on it and choose the RTX 970 with 12-month interest-free installments instead, because the Starry RTX 960 only had 12-month low-interest installments!

The GTX 980 doesn't offer 12-month interest-free installments through Alipay, but the Starry RTX 980 does. Plus, it's several hundred yuan cheaper and has slightly better performance, so most consumers will choose the Starry RTX 980!

Finally, Wang Yi said with a smile:
"The Spring Festival shopping festival promotion is now fully online. All products support Alipay installment payments, and many products support 12-month low-interest payments or 12-month interest-free payments."

Thank you again for your support, and I wish you all a Happy New Year in advance!

With this, the press conference for the Chinese New Year Shopping Festival has officially come to a close, and the grand promotion for the festival has begun in full swing.

All users have begun their big shopping spree for the Lunar New Year.

The launch of Alipay's Huabei service, in particular, lowered the payment threshold and greatly stimulated people's enthusiasm and spending power.

Soon, news of the New Year's Shopping Festival press conference was widely reported by major media outlets:

[Starry Semiconductor releases flagship graphics card RTX 980, surpassing NVIDIA GTX 980 to become the world's number one!]

[Domestic graphics cards are on the rise; Xingyi Semiconductor launches multiple graphics cards, completely suppressing Nvidia!]

Xingyi Bank has launched its Alipay Huabei service, allowing customers to spend now and pay later, with installment payment options available.

[Xingyi's New Year Shopping Festival has officially begun, and Alipay has been launched, offering many products with 12-month low-interest or even interest-free installments.]

[Changliao Pay and Xingyi Bank launch Alipay's Huabei service, ushering in a new era of consumption!]

[The third generation of Xingyi Smart TVs has been launched with a bang, fully equipped with the Kunpeng 910V picture quality enhancement chip, and the entire series is now available with upgraded features and reduced prices!]

[Xingyi Smart TV X70, 70-inch giant screen, super performance, super picture quality, self-developed system, only 19999, supports 12-month interest-free installments via Alipay.]

[Starlight Tablet 2 Ultra Released: Doubled Performance, Integrated Image Enhancement Chip, Completely Outperforming NVIDIA Shield Tablet!]

……

This series of news reports broke out in quick succession, dominating the charts on major domestic and international platforms such as Douyin, Weibo, Tieba, Facebook, and Twitter, quickly causing a huge uproar.
"Starry Semiconductor is really amazing. They actually beat Nvidia in making graphics cards! Not only are the performance powerful, but the price is also very attractive."

"The Starry Sky RTX 950 is priced at 1299, the Starry Sky RTX 960 2G version at 1599 and the 4G version at 1999, the Starry Sky RTX 970 at 2499, and the Starry Sky RTX 980 at 3999. They have no rivals!"

"All four graphics cards offer the best performance at their respective price points and the lowest price for their performance levels, making them unbeatable in terms of cost-effectiveness. You can buy any of them."

"If you have enough power, aim for the Starry Sky RTX 970 or 980; if you have decent power, aim for the Starry Sky RTX 960; if you're really short on resources, aim for the Starry Sky RTX 950. All of them are much better than Nvidia."

"The most impressive feature is the 12-month interest-free installment plan. Both flagship and high-end products support 12-month installment payments with no interest."

"Damn, this is great! Let's go, we have to go!"

"The Xingyi Mini PC is also very good; it has powerful performance and is easy to carry."

"I ordered a Xingyi massage chair and a Xingyi massage bed. The 12-month interest-free installment plan is stress-free. It's all about enjoyment."

"Huabei is so convenient. I uploaded my information and got a credit limit of 2 yuan directly."

"Wow, I only have an 8,000 quota."

"My income isn't high, but after uploading the documents, I have a credit limit of 3,000, which is enough for me, haha."

"Chairman Wang is truly generous; Alipay is really great. Spend this month, pay next month—perfect."

One pass ten, ten pass a hundred.

Soon, Xingyi's series of major new products and Alipay installment payment options during the New Year's Shopping Festival became a hit across the internet.

Young people, in particular, have started to try it out, which has led to a rapid surge in downloads of Xingyi Bank.

Jack was dumbfounded by what he saw:
"Huabei! Huabei!" "Xingyi Technology really knows how to play games, they even came up with this thing."

"This is terrible! With Alipay, won't the number of users and orders on Douyin Mall increase exponentially? It might even surpass Taobao!"

Vice President Mo Yi nodded: "That's for sure, Chairman. Installment payments are amazing."

"At the very least, a young person who has just started working with limited income will be hesitant to spend money on Taobao and Tmall if they don't have access to installment payments via Alipay. They won't dare to spend money in advance."

"But since Douyin Mall supports installment payments via Alipay, people dare to spend this month and pay off Alipay next month after they get their salary. In this way, consumers will abandon Taobao and Tmall and become loyal users of Douyin Mall!"

"Some people originally planned to buy the Starry Sky RTX 960, but with the 12-month interest-free installment plan from Alipay, they will directly go for the Starry Sky RTX 970 or even the Starry Sky RTX 980. Anyway, there is no interest, so they can pay in installments."

"This Alipay service alone can steal away most of our users, and the consequences are unimaginable."

"We must immediately launch an installment payment service similar to Alipay's Huabei, otherwise not only will Tmall never catch up with Douyin Mall, but even Taobao may be surpassed by Douyin Mall!"

Jack Ma nodded: "You're absolutely right. This is a very serious matter. We at Alipay must immediately launch our 'Huabei' service and offer installment payment options, including a targeted 12-month interest-free installment plan."

The president of Alipay seemed somewhat troubled: "Chairman, launching 'Huabei' isn't too difficult. But the 12-month interest-free installment plan is much harder. The main issue is, who will bear the cost of this interest-free period?"

"Yes, Chairman, the 12-month interest-free installment plan on Douyin Mall is currently mostly for Xingyi Technology's own high-end products. Xingyi Technology bears the cost of the interest-free plan itself. After the interest-free period, it can boost sales, stimulate consumption, and earn more money."

"But what about Alibaba? Most of our products are third-party products. It's not appropriate for us to subsidize Alipay's 12-month interest-free installment plan and let third-party merchants make big money."

Jack Ma frowned: "That's true, that is indeed a problem. Then let's apply our 12-month interest-free installment plan to Tmall's self-operated products. As for the cost, let the product suppliers share a portion of it. Those who are willing to bear the cost will be given a 12-month interest-free installment plan, and those who are unwilling will not be forced."

"Okay, that solves the problem."

"How long will it take to develop Alipay's installment payment service? How long will it take to launch?" Jack Ma asked.

"It will probably take more than six months!"

"So long?" Jack Ma was very displeased: "Doesn't that mean we'll miss not only the current New Year's shopping festival, allowing Xingyi Technology to dominate the market, but also the upcoming 618 promotion? And let Douyin Mall continue to run rampant?"

The subordinate said helplessly, "Chairman, technically speaking, the installment payment business can be completed in three months. But since it involves payments, we still need to submit it for approval, conduct multiple tests, and fix bugs to ensure that there are no bugs after it goes live. All in all, it will take more than half a year."

"Sigh, alright then!" Jack Ma sighed, filled with mixed emotions.
"Douyin Mall dealt us a heavy blow during this year's Spring Festival shopping festival by offering installment payments through Alipay. We estimate that our transaction volume will increase significantly, greatly narrowing the gap with Taobao, and Alipay will also steal a large number of our users!"

"If we wait until 618, the consequences will be even worse. After half a year of development, don't let them surpass Taobao!"

Jack Ma was very worried: "No, Alipay's installment payment service must be launched before 618! There are no excuses, it must be launched, otherwise Taobao will be in danger!"

"Yes!" The subordinate's face was solemn, but he could not refute it.

Similar scenes are unfolding on platforms such as JD.com, QQ Shopping, Gome, and Suning, all of which are beginning to discuss launching installment payment services.

There's no way around it, this move is just too powerful!
Douyin Mall offers installment payments via Alipay, which other platforms don't, so users will be drawn to Douyin Mall and become loyal users!
The consequences could be disastrous!

Therefore, all major platforms have no choice but to go all out, working overtime to develop similar services and launch them as soon as possible.

But this is not something that can be accomplished overnight.

Furthermore, since it involves payment, the consequences of a major problem would be unimaginable.

Based on this calculation, giants like Alibaba and Tencent can develop it in about six months, while other platforms would be rendered useless, and it would be difficult to do so in less than a year.

Approval is also a major issue.

It was only six months and a year later that the installment payment service was launched. By then, most of the users had probably been snatched up by Douyin Mall's Alipay and become users of Douyin Mall!

Isn’t that the end?
This has caused major platforms a lot of headaches, while Xingyi Technology is doing very well!

In the following days, all the new products sold out quickly, with sales far exceeding those of previous years.

This momentum has directly surpassed that of Singles' Day and Double Twelve!

With the year-end approaching, many year-end bonuses have already been distributed, leaving people with money to spend.

After a year of hard work, people often treat themselves to a few big-ticket items and return home in style, leading to strong consumer demand.

Although revenue in 2015 will not be as high as in 2025, debt in 2015 will be much lower than in 2025!

These days, the real estate market is still sluggish, housing prices are low, not many people are buying houses, and there is not much debt.

Basically, young people can spend as much money as they earn; their spending power is very strong.

Even for those who buy a house, the low price and low mortgage amount will not seriously affect consumption.

Unlike many years later, when many people are in debt, struggling to breathe due to mortgage and car loan payments, their spending power is generally average.

Furthermore, the launch of Alipay's installment payment service, along with 12-month low-interest and interest-free installments, has further lowered the barrier to consumption.

Many consumers have started buying things.

All our products are bestsellers!

Seeing this, everyone at Xingyi Technology was thrilled, and all business units reaped great rewards.

Sales of many products have exceeded expectations, and department leaders have even gone to the factory to tighten screws to increase production capacity.

But for Nvidia, the situation is bleak.

"Chairman, as soon as Xingyi's various series of graphics cards went online, our graphics cards experienced a complete sales slump. Whether it's the low-end GTX 750 ti and 760, the mid-range GTX 960, the high-end GTX 970, or the flagship GTX 980, all sales have plummeted."

"A complete collapse? That serious?" Old Huang's expression turned grave.

Even though I had some expectations, it was still hard to accept the result.

"Yes, Chairman, sales on all major platforms, both online and offline, have been halved. And returns have surged, especially in the Chinese market. Many customers who had already placed orders have requested refunds and are now buying Xingyi graphics cards!"

"Fuck! Damn it, damn it all!"

Old Huang was furious: "As expected, Xingyi Semiconductor is my nemesis!"

"This is terrible for me!"

"What about the major clients? Graphics card manufacturers and computer manufacturers, no one is placing additional orders?"

"No, Chairman, not only do they not place additional orders, but they also ask to cut orders for various reasons, and even cancel all previously signed orders."

"Fake!"

"Fake!"

Old Huang was so angry his face turned green: "Canceling the Nvidia order and then placing an order for Xingyi graphics cards?"

The subordinate nodded: "Actually, after the press conference, many computer manufacturers and graphics card manufacturers placed large orders for Starlight graphics cards. They ordered everything from the RTX 950 to the RTX 980, and some even placed additional orders."

"What? They've all betrayed us!"

Old Huang plopped down in the chair, feeling dizzy and disoriented.

Finished!

It's all over!
Nvidia graphics cards are not selling well.

Nvidia's major customers have also defected and become major customers of Starlight graphics cards!
Isn't this a disaster?

The subordinate sighed: "There's nothing we can do, Chairman. In the low-end graphics card market, our GTX 950 won't be available for another six months, while the Starry RTX 950 is simply unbeatable. Customers will naturally abandon our previous generation product and choose the Starry RTX 950."

"In the mid-range graphics card market, the Starry RTX 960, with its 256-bit advantage, completely outperforms our 128-bit GTX 960. The Starry RTX 960's performance is 20%-35% higher, and customers will abandon the GTX 960 and choose the Starry RTX 960 instead."

"The GTX 970 failed in the high-end graphics card market, so customers will naturally choose the Starry RTX 970."

"As for the flagship graphics card market, the Starry Sky RTX 980 is slightly more powerful than our GTX 980, and the price is also slightly lower, which has attracted many customers..."

"Especially in the Xia Guo market, where they launched 12-month interest-free installments, consumers went on a buying spree for Xingyi high-end graphics cards, and our GTX 980 also became unsaleable."

Old Huang fell silent: "..."

I felt like I was being crushed by a mountain, unable to breathe.

After taking several deep breaths, I finally calmed down.

"Low-end, mid-range, and high-end graphics cards suppress our performance and prices. If flagship graphics cards can't suppress us, we'll offer 12-month interest-free installments to attract customers!"

"Xingyi Technology is really capable, truly amazing!"

(End of this chapter)