Huayu started as a substitute director

Chapter 681: Fully Fledged
The audience burst into laughter and it was quite exciting to watch the verbal battle between the big guys.

It's more advanced and more exciting than the quarrels in the entertainment industry. They watch the quarrels in the entertainment industry like watching children fighting.

It’s not that the fights in the entertainment industry are uninteresting, but in the eyes of these people, the status of people in the entertainment industry is too low, so it’s like watching children fighting.

It's like you see two kids arguing on the street.

But netizens find it very interesting to watch the quarrels in the entertainment industry because the identities are different and the feeling is different.

The program crew and Wu Xiaobo and others were very satisfied with the program's results, but they still reminded the host to find a balance.

Even if they were not warned, Fang Hong and the others knew that they should not go too far, as this would only bring bad reputation to them.

Cao Te Le was no longer talking, so he just listened to them.

Xiao Wang was very upset when he saw his father being humiliated, and he wished he could go up and speak up for his father.

Although he usually talks back to his dad, that's just between father and son. He would naturally be unhappy if others bullied his dad.

"You're always finding excuses to accuse me of something. You've got a lot of excuses. You know whether you've ever respected anyone or not. I tell you, you don't need to make excuses. Everyone knows what kind of person you are." Mr. Wang waved his hand, looking quite helpless. It was obvious that Fang Hong had affected his mentality.

He clearly remembered that this man had hired someone to confront him. That was when he wanted to cooperate with the principal on the flower-growing business. Yu Xian pretended that they were not very familiar with each other and acted in front of him.

Moreover, the two of them have been arguing with each other several times. The most recent time, this person publicly told him: Shut up!

Respect, that's all bullshit.

"Then you have to accuse me of a crime. I'm young and I have to bear the consequences." Fang Hong laughed. This was a bit disappointing. He was too impatient.

Everyone at the scene also laughed. These two people are quite interesting. They are bickering, but the conversation is interesting.

“Respecting the old and loving the young is our traditional virtue, which has been passed down for thousands of years. With this virtue, our Chinese nation has something called human touch.

If this person lacks even the most basic human touch, then what he says is naturally not worth believing, because you have no idea whether what he says is true or not.

Most people only see the evil in others, but not in themselves. They always think they are right, and they point fingers at others from a self-righteous position, but ignore the fact that they are the ones with strong temper and moral degradation. "Jack Ma spoke at the right time.

He always speaks with passion, which makes people feel very emotional, and his body language is also very rich.

This means that Fang Hong is very violent and self-righteous, and what he says is not worthy of belief. It can be said that he denies right from the start and uses traditional culture to deny.

Of course, he did not defend Mr. Wang, but mainly attacked Fang Hong.

Seeing Jack Ma speak, the audience couldn't help but perk up and watch the show, as these two are old rivals.

Even if you don't know them, you have heard about the grievances between them and have some understanding of the competition between them. This is no secret in the eyes of people of a certain level.

"I think no matter how bad a person or a business is, it is better than a moneylender. In order to expand their own business, they design a whole set of consumer traps to amplify people's desires and overdraw people's future and debts.

If you are concerned about people's future money, it's like pursuing a marriage with a dowry. When the money is gone, the relationship will also be gone." Fang Hong was referring to Ant's consumer loans.

Those designed consumer loans have affected an entire generation of young people, leaving most of them in debt and unable to extricate themselves.

Especially those students and young people from small towns with poor self-control ability, whose income is unstable and whose repayment ability is naturally poor, and whose financial situation is made worse by debt.

In fact, the success of Pinduoduo is due to the fact that Alibaba itself has big problems. It allows people to borrow money for consumption, and many people cannot pay it back, so they have no choice but to uninstall Alipay and go shopping on other platforms.

It also puts many people in society under great pressure and seriously distorts their values.

“Lending? You are wrong. We never lend money. What we solve is the fairness of financial services, so that every ordinary person and small business can enjoy convenient financial services.

Anyone who has run a business knows that it is very difficult to succeed without technology, money, funding, and connections. You can’t even get started.

We at Alibaba have only innovated a tool. What we do is empower technology to help financial institutions better serve their users and help them get started.

I know that there are many P2P online loans on the market now, and indeed 99% of them are junk. There are very serious financial problems, which is due to inadequate supervision.

But these online loans can raise funds and advertise everywhere. I think companies like Chang'e Technology have a huge responsibility. Traffic gathering places like Bilibili and Toutiao provide advertising channels for online loans.

If you want to say that it is you who are making people overdraw their future, you are providing them with convenience, not us. We are providing convenience to users. "

Jack Ma refuted Fang Hong's words with just a few words, and put himself in a high-ranking position, attacking Chang'e for having many such online loan advertisements.

P2P advertisements are now everywhere, and Chang'e Technology's own sections also have such information flow advertisements.

"I dare to remove all these P2P advertisements from the Chang'e Technology section. I don't want this part of the income. Not only that, if I see any loan advertisements appearing in the Chang'e Technology section in the future, and a user clicks in from Chang'e's channels and borrows money, I am willing to help them repay their debts. Do you dare to prevent any form of consumer lending from appearing under Ant?" Fang Hong said with certainty. This was a direct big move.

Everyone at the scene also looked at Jack Ma to see if he would accept the bet.

If Ant really did what Fang Hong said, it would be a huge blow to the entire Alibaba ecosystem.

You have to know that 40% of Ant Group's revenue comes from fees and interest. Without this core profit, the company will have difficulty surviving, not to mention the interest chain behind it. It's absolutely hateful.

Moreover, the closed loops of payment and financial management ecosystems will disappear, and Alibaba's e-commerce will be affected, resulting in a large-scale loss of users.

Because Alipay is strongly bound to platforms such as Taobao, Tmall, and Ele.me.

Then Ant Group is no longer a competitive enterprise, but just an ordinary payment enterprise.

It is similar to WeChat Pay and can only be used as a tool for transfer payment.

So Fang Hong's move was quite ruthless, and Jack Ma didn't dare to accept it at all. At most, Chang'e could cut off this part of the advertising fees and replace it with other ones, but the entire Alibaba system would lose an arm.

Liu Tianxian was also worried in the audience, worried that her man would not be able to win the argument with Jack Ma, who was a big liar.

“Lending and providing financial convenience to people are two different things. You can’t confuse the two. What we do is inclusive finance and innovation in technological services.

The financial system needs reform. It is not us who created the demand, but the demand that found us. If we don’t do it, will others not do it? At least we are more standardized, have technology and innovation, and can bring benefits to more people.

We use technology to make finance safer, and our non-performing loan rate is lower than that of traditional banks.

Before market regulation is perfected, we can make those P2Ps uncomfortable, and I think this is the right thing to do.”

Jack Ma avoided the main point and spoke in a light-hearted manner.

It's really amazing that they tried to portray his lending as a good thing.

In fact, he knew very well in his heart that he could not make this bet with the principal, because if he did, he would lose.

However, it is true that Ant is more formal than those black online loan companies. This cannot be denied. It’s just that Ant’s influence is too great.

"In fact, most Chinese people lack financial knowledge. They regard credit lines as 'extra income', which leads to over-consumption and a vicious cycle of 'borrowing to pay off loans'. We always talk about social responsibility, but it is also our responsibility to popularize clear financial knowledge to ordinary people.

The logic behind consumer loans is: using the poor’s money to make money from the poor, calling it “innovation” and transferring social responsibility to individuals.

So I would like to advise young people here again to manage their finances well and avoid debt.”

Fang Hong didn't discuss this with him, because the discussion would never end and there would be even more serious issues.

For example, asset securitization transfers credit risk to the financial market, privatizes returns, and socializes risks.

Anyway, loans have caused many social tragedies.

Jack Ma also shut up at the right time. If this issue was discussed, he would have already lost because others would not lend money.

"I just heard that Mr. Wang and the principal should be old acquaintances. What do you think is the biggest change in the principal over the years?" Li Nan tactfully skipped the topic.

The topic just now was a bit broad, so we should get back on track. They were talking about enterprises.

"He has become even more powerful." Mr. Wang always admitted that the principal was very powerful.

"What's so great about it?" Li Nan continued to ask.

"The film and television business has become bigger. Last year, eight out of ten movies on the box office list belonged to Yutu. The traffic on content platforms has also increased, and Tupiaopiao has also formed a scale. The principal is the best person to combine the Internet and traditional film and television, and has squeezed the entire film and television industry."

Even if Mr. Wang was unhappy with the principal, he felt that his layout was about to form a closed loop of the entire ecological chain, which put pressure on them all.

They also admitted that the principal was now fully grown and had an overwhelming advantage over them in terms of content.

"Is it squeezing you too?" Li Nan asked.

"We have been squeezed a little bit, but we also have our advantages, which are unmatched by them. No matter how strong it is, it will eventually land, and the audience will still have to go to the cinema to watch movies." said Mr. Wang.

"The cinema cannot restrict me. The cinema is just a part of the entire content system. Copyright and peripherals have nothing to do with the cinema. It is important and unimportant. It is already a backward product." Fang Hong said easily.

(End of this chapter)