Why did Ma Yun say before that "if the bank doesn't change, then we will change the bank"?

Alibaba, originally an e-commerce platform, was abruptly turned into a huge financial industry platform by Ma Yun.

On June 5438+ 10, 2003, Alibaba Group Taobao.com launched Alipay to provide online payment service for Taobao platform.

From June 5438 to February 2004, Alipay became independent from Taobao and gradually provided independent financial online payment services to more cooperative service providers. Until today, Alipay has become the largest third-party independent payment platform in China.

20 14 10, Ant Financial was formally established, focusing on providing comprehensive inclusive finance services for small and medium-sized enterprises and individuals. Up to now, Ant Financial's strategic business involves: personal finance, corporate finance, rural finance, international commercial finance, green finance and so on. And become a brand-new Internet financial eco-industrial platform.

However, this is not enough.

At the end of 20 14, at a summit forum at the beginning of the establishment of Ant Financial, Ma Yun said: "If the bank does not change, we will change the bank"!

Just because of this sentence, it caused quite a stir in the entire Internet industry at that time. Many industry big coffees were talking about and even laughing at Ma Yun's sentence: impossible to achieve.

However, when Ant Financial Services developed to this day, many Internet cafes that used to be skeptical or even cynical kept silent.

Ma Yun's Ant Financial Services and China Construction Bank formally signed a strategic cooperation agreement. Ant Financial will promote online credit card business with China Construction Bank, and will also cooperate in electronic payment, credit system and offline channels. Ant Financial will explore and study a brand-new innovative mode of cooperation between banks and Internet finance with China Construction Bank.

When Ma Yun gave a speech at the Malaysian venue five days ago, he expounded his views on traditional banks and Internet innovative finance. He believes that traditional finance can only serve 20% of individuals and large enterprises, but it can earn 80% of profits. This is not in line with the purpose of "financial services". Innovative Internet finance is to enable 80% of individuals and SMEs that are not covered by traditional finance to obtain comprehensive financial services through big data technology and new scientific and technological thinking. Finally, Ma Yun also concluded that "this is a change brought by the Internet, and many traditional banks will embrace such a change".