Cloud wallet is not a scam, but a formal universal holding group open innovation platform.

Initiated by Mr. Gao Jinbo, author of "Smart Society", at the end of 2015, the cloud wallet was launched for the enterprise and merchant side of the product, and at the end of 2017, the cloud wallet was developed for the C-end users and formally launched at the beginning of May 2018.

The cloud wallet is not a scam.

The cloud wallet (Baidu mobile cloud wallet) includes the original "Baidu Bao" personal version and mobile payment products (Baidu wallet SDK digital entertainment version, H5 version, light Alipay and other mobile payment products), and on October 28th, "Fazai Festival" (the anniversary of the launch of Baidu's first innovative Internet financial product). On October 28th, Baidu Wallet was officially renamed Baidu Wallet on the anniversary of the launch of Baidu's first innovative Internet financial product.

The cloud wallet, as the first innovative technology platform to be held by all people in the country, takes "group open innovation" as its purpose. Registered users become shareholders, obtaining equity, and can participate in all the innovative projects on the platform by owning equity.

Expanded:

Cloud wallet model:

1. Users first complete the agglomeration, with certainty of the order to attract technology, talent and resources to take the initiative to bid on the subcontracting of various aspects;

2. Consumer money = consumer investment money → product + equity;

3. User agglomeration is a decision to promote innovation to occur factors, is the largest contributor, should enjoy the most equity rewards.

Baidu Encyclopedia - Cloud Wallet

Baidu Encyclopedia - Baidu Mobile Cloud Wallet