Zhou Xin showed a look of astonishment, Riot Games, what are you talking about? Did I tell you that I wanted you to be the CEO of Riot Games?
He figured Warren Johnson might have gotten it wrong.
"Sorry Warren, Riot Games now has a CEO, and I want you to be the CEO of NewPay.
This is a company I founded recently that focuses on electronic payments.
At present, the product itself has been completed, but we currently only have the technology, and the structure of the entire company is still very superficial.
It needs people with enough experience to lead its growth. "
Electronic payment is a concept with a very long history. Now our concept of electronic payment is more about mobile payment.
Electronic payments can be traced back to the electronic funds transfer system launched by Western Union Telegraph Company in 1871.
At that time, China was still under Tongzhi for ten years, and England, Russia and Denmark installed the first telegraph waterline in China.
Warren Johnson is deeply impressed by the electronic payment system developed by Riot Games.
Because they pioneered the SMS verification code to confirm the authenticity of the transaction.
But this does not mean that he is optimistic about NewPay.
However, Warren did not refuse too quickly. Even after he came, he still listened to the other party's idea of NewPay.
Now Zhou Xin is the most famous product manager in Silicon Valley, and his experience is also talked about by many people.
Especially as the scale of Riot Games becomes larger and larger, many previous details have been exposed.
Including interns who entered Microsoft as an intern with Zhou Xin at the time, they spoke out through traditional media, saying that Zhou Xin once worked at Microsoft as a product manager intern.
Zhou Xin's groundbreaking ideas on products made Warren interested in listening to what he had to say for a while.
Zhou Xin initially wanted to call it AliPay, but took Alipay's name.
Later, I thought it was unnecessary. If it was not mainly for fun, the name alipay actually has no meaning.
A good name is very necessary in the promotion process.
NeyPay is very good and symbolizes a new payment method.
Be concise and to the point.
"NewPay? There are many electronic payment companies throughout Silicon Valley.
After electronic shopping became popular, everyone thought that electronic payment would give birth to the next Amazon and the next eBay, but IMHO, it is difficult for NewPay to succeed.
I believe NewPay can solve the problems of information security and compliance, but NewPay lacks application scenarios.
Amazon has its own electronic payment system, and eBay has PayPal behind it. It is difficult for Amazon and Ebay to accept NewPay as one of their payment options. "
Yes, the reason why Paypal can become the largest payment software in foreign market share in later generations is that their backing to Ebay is a very important factor.
But that's not the only factor. If it were the difference between success and failure, Amazon's payment software wouldn't be a thing of the past.
ApplePay, which is backed by Apple, has a market share of less than 1% in China.
Therefore, it is important to have a large enough payment scenario behind it, but this does not guarantee success.
These are cases that Zhou Xin is familiar with. They all came from many years later and cannot be given direct examples. After a brief thought, he said:
“Whether it’s Ebay or Amazon, they are more about physical shopping, which means that after paying online, you receive the physical goods offline.
The path NewPay wants to take is to occupy the market of virtual items.
At least all Riot games will be released through NewPay. At the same time, we need to seize other virtual item shopping markets as much as possible.
For example, various offline payment scenarios.
In order to ensure initial users, we will give discounts ranging from 30% to 10% off to users who purchase video games on Riot Games and use the NewPay payment method for the first time.
As long as subsequent users use NewPay to pay, they will be given a discount between 10% and 9.5%.
Riot Games now charges 30% of the revenue from game manufacturers who want to publish through Riot Games. This is equivalent to using part of Riot Games’ revenue to subsidize NewPay during the promotion stage.
Of course, this is also a promotional method for Riot Games. "
For a long time, the market for virtual payments will not be much smaller than physical payments.
Because of problems in the logistics system and concepts, e-shopping is growing rapidly, and virtual payments are growing even faster.
Especially after the large-scale popularity of online games, paying for free online game props is a characteristic of China. It does not mean that there are no similar games abroad.
It’s just that foreign countries have not gone as far on this path as their Chinese counterparts.
After listening to this, Warren thought for a moment and said: “I admit that your way is feasible.
But even so, the market that NewPay can occupy is still a small part. "
Zhou Xin was a little speechless. If NewPay can naturally occupy a large market, then why should I ask you to be CEO?
You must know that a CFO like Amazon must provide option incentives.
I offer you such a high salary because I hope to use your experience and your connections in the financial field to help me expand my business.
You can say this, but you can't say it so straightforwardly.
"I have a complete expansion plan for NewPay in the future. After you come, you will only be responsible for the actual operation of the company, and you will need to use your contacts to open up the electronic payment channels of some Internet service providers.
Riot Games will launch some richer Internet services in the future.
The ability to make electronic payments is definitely not limited to the purchase of video games. "
After returning home after talking to Zhou Xin, Warren felt moved in his heart.
Because judging from Zhou Xin’s description, NewPay is a newborn baby, which means that he can be deeply involved in NewPay’s operations as CEO.
Backed by Riot Games and Zhou Xin, it also proves that it at least has its own space for survival, which means that NewPay will not go bankrupt as easily as other start-ups.
At least there is no shortage of corporate stability and room for development, and his experience as a financial expert, combined with management experience in the field of electronic payments, is undoubtedly very beneficial to his career.
The more senior executives are, the more they understand the importance of career planning.
At least switching to NewPay is not a bad move for Warren.
After getting involved in the electronic payment field, Zhou Xin had a clearer understanding of his own shortcomings, which was the lack of people under his command.
He doesn't lack good ideas, and he doesn't lack the funds to turn them into cash, but he lacks people.
Especially in the field of electronic payment, this is a very complex field that requires clearing up the cumbersome upstream and downstream links in various industries, from regulatory agencies to card organizations to banks and users.
While fighting against hackers, we also face direct competition from countless opponents.
Zhou Xin originally only knew about Paypal. After getting involved in this field and conducting in-depth investigations, he found out that eBay originally had its own electronic payment system called Billpoint.
It is because of Paypal's good services that it has gained Ebay's market. Ebay has not yet acquired Paypal.
The importance of electronic payments has not yet become a consensus, which means that NewPay has the opportunity to become one of the payment options for Amazon and eBay.
Although it is difficult, it does not mean that there is no chance.
