On the way back, Chen Yansen came across the news about Jingdong and Wealth Treasure's split.
To put it simply, Liu Qiangdong felt the rates were too high and that Ma Liyun was taking too big of a cut. From now on, shopping on Jingdong would no longer support payments through Wealth Treasure.
'He's probably starting to shift from an offline mindset to an online one, realizing that without his own payment license, he'll always be constrained.'
Chen Yansen murmured to himself with a smile.
In 2011, Jingdong was still using an offline model, not considering itself an internet company. It favored cash-on-delivery, but later gradually discovered that users preferred to pay online.
Only then did it begin developing its own payment method, starting several years behind everyone else. More than a decade later, it still hadn't managed to become a major player.
