The electronic payment battlefield can be said to be the most brutal battle in the entire Internet segment, and the final winner must have an extremely strong management team.
No matter China’s Alipay team, WeChat payment team, or foreign Paypal.
The current list of founders of NewPay’s main competitor, Paypal, is all famous figures in Silicon Valley now or in future generations.
Needless to say, Musk, Peter Thiel was Facebook’s first external investor, Roulof Botha was later a partner of Sequoia Capital, and Steve Chen, Chad Hurley and Javed Karim were the founders of YouTube. the founder of.
In NewPay, only Louis is famous. Louis von Ahn is a technical expert, not a management talent.
Zhou Xin also doesn’t know what Warren Johnson’s level is.
As a Chinese, even though he has studied abroad in America for many years, he has no idea which figures in Silicon Valley are famous.
Just like Chinese people know that the CEO of Bilibili is Chen Rui, but they don’t know who the founders of YouTube are. They don’t even know that YouTube was sold to Google.
Judging from the information given to Zhou Xin by the headhunting company, Warren Jensen served as chief financial officer of NBC and Delta Airlines respectively.
Without this opportunity given by Zhou Xin, Warren Johnson would have been working in finance, working at Amazon until 2002 and then jumping to EA Games to be the chief financial officer.
For Zhou Xin, the biggest advantage of finding Warren is that he has been working in finance for many years and is the chief financial officer of Amazon. Amazon has electronic payment software.
From regulatory familiarity to rich connections to management experience, Warren Jensen is the perfect choice.
The more technologically underdeveloped the era is, the stricter the regulatory requirements for electronic payment are.
At the technical level, there are mature solutions on the market, and the technical team led by Louis can also implement these solutions.
But meeting the requirements at the regulatory level depends not only on technology, but also on personal relationships.
Those with good personal connections and regulatory permissions
Jason didn't think about it for long when he went back. About three days later, he responded to Zhou Xin and expressed his willingness to join NewPay.
“Boss, I am willing to work with you, and I also have a complete set of ideas on what NewPay will do next.
The markets we are currently targeting are mainly Amerikan and the Europa League, as well as the two East Asian countries of Neon and Korea.
I know you are from China, but China is still in its infancy in the Internet field. The infrastructure is not yet complete, and there is no permission for private companies other than banks to get involved in the field of electronic payments. "
After China received the first version of the electronic payment guidelines issued by the People's Bank of China in 2005, private electronic payment companies were gradually established.
Alipay, Tenpay, Lakala, etc. were all established around 2005.
“Other than Amerikan, the most important market at the moment is the Europa League market.
Long before the establishment of the Europa Union Central Bank, their banking union was still called the Europa Monetary Institution. As early as that time, the Europa Monetary Institution began to issue electronic money institution certification to companies.
After obtaining the electronic money institution certification, we can carry out electronic money payment business.
That is to say, users can store money in our electronic account, and then use the electronic account to make remittances, make online payments for shopping, and withdraw cash from bank cards.
Of course, electronic money institution certification also has various constraints, such as no deposit guarantee and the inability to provide borderless execution of payment transactions.
But for our current business volume, electronic currency institution certification is enough.
I've studied Riot Games' user profile, and we have a lot of Europa League users.
The Europa market is important to us, so I plan to obtain an electronic payment license from Amerikan and apply for electronic money institution certification in the Europa Union region at the same time.
Let the heads of the compliance department and the risk control department take charge of this matter..."
This is the advantage of finding a financial person with rich experience in the industry. He can easily grasp the regulatory requirements for various subdivisions in various countries, and he also has his own thinking about the electronic payment field.
Even if Zhou Xin came from 20 years ago, would he know the regulatory requirements of the Europa Union and Amerikan on electronic payments? Can he know that electronic payment in China is not open to private enterprises?
Obviously not.
Professional fields require professional people.
From a purely practical perspective, Warren Johnson is definitely much better than him. After listening to it, Zhou Xin was very satisfied with Warren Johnson. At least from a thinking perspective, he was better than Suzy Dink.
“Our current risk control department and compliance department are integrated together.
When you come here and need to recruit people, I will give you the power to recruit people. Except for the technical department, you will be in charge of all other departments. "
Warren Johnson's connections can be used to recruit people without even having to recruit headhunters.
The most important things in the financial field are business and risk control, and compliance is part of risk control.
It’s just that electronic payment is special, and compliance requires a separate department.
Warren knew a large number of outstanding risk control and compliance talents, and he felt relieved after hearing this. The core department was the one he was looking for, and Zhou Xin would have to think carefully if he wanted to kill him in the future.
...
When Zhou Xin and Warren Johnson reached a cooperation agreement, Yahoo, also in Silicon Valley, was holding a press conference, hosted by Jerry Yang himself.
"Yahoo is sorry for everything that has happened recently, which has been put in a passive position due to the arbitrary actions of a few senior executives.
Yahoo is not willing and will not be a company that plagiarizes content from other companies. This is an accident. Yahoo will fire the executives who make specific business decisions.
At Yahoo, we want to build deep and lasting relationships with our users, but the process of building those relationships is open and honest.
We sincerely apologize to the Riot community for this, and will place a link to the Riot community on the Yahoo homepage for six months as a way of expressing our apology..."
Susie Dink knew it when she saw the news. The next thing they needed to do was expand the server and network bandwidth.
Susie Dink will not underestimate Riot Games just because it has defeated Yahoo in public opinion this time.
At this time, Yahoo's market value is close to 100 billion U.S. dollars, and it is the first choice for Internet users around the world to enter the Internet.
Yahoo's homepage is equivalent to a combination of Baidu and hao123. There is a search box at the top and a search button next to the search box.
Then there are two rows of connections below, mainly Yahoo's own secondary pages, including art and humanity, news and media, business and economy, etc.
Yahoo news in every niche.
In the upper right corner is Yahoo's mailbox, and in the upper left corner is their instant messaging software.
With Yahoo’s traffic support, this is undoubtedly a qualitative leap for Riot Games.
