The profit model of Qian Bao Net is to collect users' attention, thus generating advertising revenue and generating derivative values CPA and CPS. It is the core of the main business income, not the spread. Baidu lost money before listing, and FACEBOOK still lost money, but no one will doubt that FACEBOOK is a valuable company. Qian Bao Net 20 14 will definitely make a profit. The profit comes from Qian Bao's innovative and subversive business model, which has been accepted by the market. In fact, the number of members of Qian Bao Net has exceeded 5 million from 0 to now, which also proves the feasibility of the business model of Qian Bao Net. What is a Ponzi scheme? In China, Ponzi scheme is the so-called robbing Peter to pay Paul, which is actually an international financial term. In America, there are two people you must know, one is Buffett and the other is Madoff. Buffett still holds his shareholders' meeting every year and is still respected all over the world. Madoff is now in prison and faces life imprisonment. Half of what they do is the same, that is, financing, but what they do after financing is the opposite. Buffett went to invest in many great enterprises and finally made money for investors. Madoff didn't invest anything. Users don't know that their considerable return comes from the principal of themselves and other customers-as long as no one wants the principal back, the secret won't be revealed. But the game ended when a customer offered to redeem $7 billion in cash. This is the Ponzi scheme. As for the "Document 107" recently issued by the state, the shadow banking is defined. Zhang Huaqiao, chairman of Slow Cattle Investment Company, said on his blog that shadow banking may not need supervision, and the People's Bank of China only needs to raise the deposit interest rate by 2-3 percentage points, and the shadow banking will disappear. Therefore, the issue of trust is only a superficial one. Credit is necessary. Without credit, the market will destroy you. The yield of Qian Bao Net is higher than that of banks, not higher, but lower. Qian Bao is not a financial institution, but it sees the natural value of every user's daily behavior, which is enough to support Qian Bao's return to users. CPA, CPS and CPM are feasible in theory.