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Chapter 164 Mobile Payment in Island Countries

When Lao Fan and Wu Wei left, Chu Yuanxi immediately looked like water and said to Yuan Lu: "Go and take a look at our cash and see how much they will be left by December if we don't carry out the next round of financing. I mean, I will also count the consumption of the Magic City."

"What are you going to do?" Yuan Lu asked silly.

Of course, Chu Yuanxi didn't think Yuan Mu was really stupid. She just didn't know that "I'm Successful" that Baren was filming was actually Xiaokang's ultimate move. It takes a big move to accumulate energy. A big move without energy is without soul. Taking in cash, of course, it is to calculate how much energy Xiaokang has.

At this time, he felt a little lucky. He had eaten the batch of fresh food forward warehouse startups and did not use precious cash. In fact, it still has money in Baren’s account, more than 20 billion, but if you really want to use this money unlimitedly, it is like the unlimited QE printing money of the US President. It is very addictive and very easy to exhaust. Moreover, Baren also needs money later. No one knows how much money will be used in the future. He cannot develop this habit when thinking.

"Oh." Yuan Lu said in his heart that it was going to be bad. What was Chu Yuanxi's plan to do? 4 billion is not enough? Pinduoduo's tens of billions of subsidies are so expensive, and it was the same when he was making money from Nasdaq.

After saying that, she raised her phone. Chu Yuanxi had been chatting, and it was polite not to look at her phone. Yuan Mu had a lot of time to look at her phone, which contained an emergency prompt from Xu Xin.

Chu Yuanxi only had the opportunity to take a look at her. It turned out that Xu Xin said that according to her source, Alibaba has held frequent internal meetings recently, and discussed Xiaokang from various angles, and even the Baren Group is re-examining it.

Looking at Baren Group? Chu Yuanxi said that this is easy, there are so many old employees of Baren Games! Yuan Mu has asked why in the small group. Xu Xin said that it is based on inaccurate sources of information. It seems that Alibaba has observed some new trends in the island country. The keywords are "mobile payment" and "724". Then, we trace the roots and pay more attention to exploring the creativity of Xiaokang in local life, striving to see the essence through the phenomenon and see through the mystery of the overall design ideas and top-level architecture of Xiaokang's business.

Chu Yuanxi had a word in his heart - cheating! He was dodged from left to right, but he was still assassinated by Sun Dasheng from the sky!

During this period, relying on the package of Ikoma family, he has become more ignorant about the affairs of the island country than the previous two. The situation in the island country is that 724 and Sun Dasheng jointly established a subsidiary specializing in mobile payment, and then used the time window of 724 to establish its own membership system to promote mobile payment simultaneously.

Anyway, mobile payment itself also needs to make profits to subsidize users. The 724 membership system has a big knife and axe copycat well-off society. The coupons are not that strong, but there are many categories and complex structures. It is also a combination of limited-time discounts and fixed discounts. In this way, it will be a result of twice the result with half the effort in the promotion of mobile payment.

It is definitely impossible for Chu Yuanxi to say that it is not awkward, because the mobile payment in the island country is a joke. How ridiculous is it? The QR code itself is the invention of scholars in the island country. The island government announced a cashless vision in 2018, and it will achieve 40% non-cash payments by 2025. It is absolutely supported at the policy level, and there is a 5% additional tax refund for non-cash merchants.

In this context, mobile payments in island countries are just one by one. For example, the social overlord of the island country, line is launched by the online payments. Line is like WeChat and is widely used among young people, but no one uses linepay. Probably, line has not figured out the key points of mobile payments and how to promote them so far.

Sun Dasheng also launched a paypay and also took out 15 billion yen for promotion of shopping cashback. The idea was similar to UnionPay Cloud Flash Payment, and the result was just the same. He became a carnival of the wool party, and then he was no longer interested. This is obvious. The homework on WeChat and Alipay is not easy to copy. At least Sun Dasheng didn't understand how to copy it, and copying homework also requires a certain level.

The funniest thing is that 724.724, as a dominant convenience store, has a mobile payment company. It launched 7pay on July 1 last year and it closed for three days after it was launched.

In fact, Chu Yuanxi was really concerned about this matter in July 2019. At that time, he had already begun to criticize Xiaokang stores on the face of 724. It was impossible for the competitors he had established himself to not care about.

As a result, when people were promoting 7pay in the island country, they asked users to use their email address to make an account, rather than registering with their mobile phone number and verifying SMS like Guochao. There is a problem of retrieving passwords with 7pay. Retrieving passwords requires birthdays, but when registering a user, the birthday option is defaulted to January 1, 2019. With a default, users can skip this step.

So far, it is not outrageous. There is also the last firewall, but 7pay said no, you don’t have it! When you retrieve your password, you can fill in a new email address for receiving it!

It means that for users who skip this step, anyone who has some black industry data and knows his common email address can get his password back. Therefore, in just 3 days, the 724 users lost a total of about 3.5 million RMB. The project immediately failed, and the reputation of mobile payment was killed, making island users even more repulsive...

When Chu Yuanxi heard about it, he couldn't believe his ears. He thought to himself that the person in charge of this project should have committed suicide by separating himself in a sapling form in a ten-word manner? But it really happened in 9012...

The above three cases tell the same simple and clear thing from different perspectives, that is, there is no old driver in the island country to know where to step on the accelerator of mobile payment without leading the way! Neither Alibaba nor Penguin’s mobile payment can be replicable, and replicable cloud flash payment is not a high-scoring answer. In this case, what cashless transactions are discussed to reach 40%? First of all, it is necessary to break the ice!

But now, Xiaokang came up with an answer, and 724 was confiscated before Xiaokang could prove that it was a good answer. Maybe 7pay was defeated too badly, which made 724 promote this matter with atonement mentality?

This is why Chu Yuanxi was not in a beautiful mood. He inadvertently made great contributions to the island country and became an old driver who helped the island country break the ice in the mobile payment industry!

Fortunately, the 724 stealing the escort of Xiaokang is not all negative factors in itself. Although Penguin and Alibaba pay more attention to the threat and energy of Xiaokang, it also invisibly endorsed Xiaokang, especially in the financial circle.

You should know that domestic financial practitioners have no brainstorm for the majority of the West. They have been studying Keynes for so many years. When it comes to Western economics, they are all very knowledgeable. 724 is simply a lighthouse-level existence in this circle. Now 724 clearly shows a copycat of well-off society. What kind of tower is well-off? At least it is a little brighter than the lighthouse?

But this cannot make Chu Yuanxi feel better because there is no use for anything, unless you do a round of financing now, it is a bit beneficial to valuation. But now is not the time to do financing. A reasonable time is to fully use the money from the previous round of financing, and then turn into positive data, reasonable cash flow, dynamic assets, and solid underlying support. This is the right time to do the next round of financing.

Unless you are extremely hungry for money.

Chu Yuanxi could pat his chest and say, "No one knows more about thirst for funds than me." But only in this way can he not want to enter such a hungry state.

Seeing that Chu Yuanxi's face was not very good, Yuan Lu asked carefully: "By the way, Chu Yuanxi, are you a little lacking in confidence? I admit that Alibaba is under a lot of pressure, but weren't you quite optimistic before?"

"I don't have enough confidence?"

According to the description of martial arts, Chu Yuanxi called "Strange eyes rolling" at this time, and then laughed: "I don't want to be stubborn, but Alibaba should solve their internal problems first. I said I sold it today and offered a price of 80 billion. Maybe Wuwei gritted his teeth and agreed. But money is not omnipotent, and Alibaba's problems cannot be solved by money now."

"What's wrong with Ali?"

"The problem is big. To deal with Pinduoduo's challenges and strategic direction." Chu Yuanxixin said that we have organized senior executives to study the market together on the weekend, and you have never felt that Alibaba has a problem? "Ask a question, where do Pinduoduo's users come from?"

"Slash?"

"Yes, from WeChat. Then if Alibaba snips Pinduoduo, how should it snipe from the user side?"

"Hey, this question is beyond the scope..." Yuan Lu said in his heart that this palace is just a CFO, and I don't understand the operation matters!

Chu Yuanxi shook his head: "I should have asked Wuwei this question just now. Have you ever thought about it? In essence, "cut a knife" is a kind of "activity". If you do activities, I will also do activities. After all, Alipay has Huabei but WeChat does not. It is naturally at a high point in the payment dimension. So my answer is that Alipay should come forward to carry out activities.

This is called a strategy. Alipay can hold activities, bring users to Taobao, or simply restart Juhuasuan directly, or even make Juhuasuan an independent app. In short, users can be intercepted through Alipay and sent to the Taobao system, squeeze Pinduoduo with its size, and use Alibaba's relatively complete payment ecosystem to cover the advantages of Pinduoduo. Pinduoduo only has one selling point at a cheaper level, and Alibaba has more selling points."

Yuan Lu understood immediately, because she knew exactly what Alibaba did at the same time. What Alibaba did at the same time was to improve Taobao's sales performance, launch new products, and get special prices, so she once made a terrifying gmv.

However, after creating the gmv that claimed to make competitors desperate, it was a pity to see Pinduoduo running faster and faster, without any impact. This is quite embarrassing, because gmv is not a profit, and it has not brought any substantial growth to Alibaba's huge size that has reached its peak.

This should be the reason why Chu Yuanxi believes that there is something wrong with Alibaba’s strategy.

Chu Yuanxi continued: "And Alibaba's two super-national apps, Alipay and Taobao, have no collaboration. Alipay has been upgraded and redesigned, and the banner of "digital life open platform". This strategy is very clear, but nothing is Taobao... It's not all bad news. The good news is that Ele.me has been strongly fighting against the yellow group recently. This time it is counterattacking from the merchant side and killing people invisibly. If you are Alibaba's shopkeeper, do you have a lot of work to do?"

Yuan Mu suddenly felt that his mentality was not that heavy, and the pressure brought by Wuwei became a little lighter.

However, Chu Yuanxi's pressure did not decrease, so he transmitted the pressure downward, putting higher speed requirements for opening a store in the Magic City.

In fact, the progress of the Magic City has always been pretty good, not because of its outstanding people or high recognition of convenience store culture, but because of the foundation of the imperial capital and eastern Guangdong Province, it is relatively abundant and flexible in terms of manpower. The process of spreading well-off to the whole country is definitely a process of gradual acceleration, because the number of people increases, the more flexible the more people, and the stronger the fault tolerance ability. At least this is definitely the case in opening a store.

Moreover, the foundation laid by the first three cities is not only reflected in manpower, but also in terms of stronger capital turnover and its relationship with the supply chain. In addition, it is reputation. The solider the foundation, the more places you can borrow when expanding new areas later.

In particular, cash flow is easier to maintain a healthy level. For the use of funds, the simplest phenomenon is that when there are only 100 stores, opening one store will increase the burden by 1%, but when there are 1,000 stores, the increase is only 1‰, and the larger the scale, the smaller the pressure. Therefore, in fact, Chu Yuanxi still maintains restraint. If it is really let go, several cities should enter together, make the planning well, itinerary methodology, logistics and warehousing can be built in advance, and then buy land to open a store, which is more efficient.

A similar approach will be adopted in the process of opening a store in Magic City. In the future, many provinces and cities will work together, so it is not a big deal to compete with the Suning store at the time. There is no problem with 7 stores a day.

There is another interesting phenomenon during this period, that is, there are more lbs games on the world, including PC, VR, and A. I don’t know if it was stimulated by "Animal Crossing" or because of the city treasure? How many of them are really commercial? It seems that the city treasure is quite popular and planning to copy it?

This phenomenon really aroused Xue Jianhua's alertness and reported it to Chu Yuanxi, because if a friendly businessman takes a whim to acquire such a game and then scramble the ball to create a well-off online content?

However, after watching a few models, Chu Yuanxi was no longer interested, because this type of game was not difficult to watch, but it was not easy to make at all. First of all, the requirements for maps are extremely high. Small players can only purchase map services, but this type of service has always been a little bit less accurate and the cost is much worse. Small players cannot provide a good user experience if they want to save costs.

The second point is even more important, that the producer must be delicate, patient, and willing to spend time and money. Urban Treasure is a project that was started after the establishment of the Xiaokang app team, which lasted for a year. In this way, Chu Yuanxi could still get rid of various problems and require repeated polishing. Therefore, in his concept, those who have developed less than one year of development are slags, not to mention that the development time is less than 4 months.

Take music as an example. It is the most inconspicuous in the game. Many mobile game players will not feel anything if they don’t encounter particularly bad music sound effects. However, the city treasure has poured a lot of resources into the music. The background sound matches different environments according to the map logo. Some are natural, some are warm, and some have a nostalgic atmosphere. The location of the office building business district is replaced by white noise.

The so-called white noise is the wind blowing leaves, or people coming and going to vehicles on the street, etc. In a commercial environment, white noise is more reassuring.

Even a serious game company is difficult to expect from such meticulous music sound effects, because it is almost impossible to directly obtain map attribute markings in the purchased map resources. Even if you want to do the same job without relevant data, you can't do it. If you have to mark it, you have to pay more.

If any friendly businessman is really doing it according to Xue Jianhua's method, Chu Yuanxi is so welcome. Xiaokang has no opponents in this field for the time being, so there is a lack of stimulation of competition. Fighting will help improve the organization and boost morale as long as the opponent is not too strong.

"I am a professional in making games. Baren was once regarded as a game company." He taught Xue Jianhua, "These so-called lbs games are just a fool. There is no chance, and they are incomparable to us. They die soon, so don't worry about it. But..."

"But what?"

"But what do you think if a fraud company makes such a game and plays the edge ball?"

Unlike doing serious things, scammers do not need a high-quality user experience, but rather solve the problem. It seems that there is something wrong. Especially if you can still play the edge and take advantage of the popularity of a well-off society. On this basis, wouldn’t it be wonderful to invent a few more specious tricks?

There is no way. Since the health coin was put on the chain, Chu Yuanxi has entered a state of extremely high alert level. The most in this world is scammers. When Xiaokang becomes bigger and bigger, it attracts the attention of scammers. This is not based on human will. It kills Zhang San and Li Si.

Unless a well-off society develops to the national level, this kind of vigilance must be normalized. After it develops to the national level, it is not easy to be deceived. For example, the scammers who used Jack Horse as a guise were rampant, but later disappeared because everyone knew that Jack would not do this, even if they wanted to do it, they would go through Alipay.

However, there are still many people who abuse Jack's image to advertise. Jack has said that he can improve his credibility.

In short, Xiaokang's investigation department has to cheer up. It is easy to avoid hidden arrows and it is difficult to prevent it. Xiaokang's blockchain is easy to attract bad physiques. No enemy will cause trouble, let alone the current situation. This is also the reason why Chu Yuanxi chose to take solid steps instead of holding up his ultimate moves. Although the original world has crazy subsidized users, at least it has not been used on blockchain, so it is not so easy to attract the favor of scammers.
Chapter completed!
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