“NewPay has more than two million users, and more than 50% of these users have non-zero balances in their accounts.
At the same time, about 20% of these users, that is, more than 600,000 users, have an account balance of more than $20.
Our customer base overlaps greatly with Ebay's target customers.
If Ebay chooses to cooperate with NewPay, we will put Ebay's account number below the registered account on the homepage, just like Amazon.
According to our statistics, the average number of clicks Amazon receives from the NewPay entrance exceeds one million per month. "
This is what Peter Thiel said when negotiating with eBay's vice president.
Why are there more than 600,000 user account balances above $20? Because the minimum amount for Quora questions is $20.
If the question you initiated is not answered, the money will be returned to your NewPay virtual account.
That is to say, the user initiates payment through the bank card, and then the refund is refunded to the NewPay account.
The NewPay R&D team is careful in product design and can effectively increase the total balance in the NewPay virtual account.
You must know that there is no Yu'e Bao now, so the income from this part of the accumulated funds in the bank belongs entirely to NewPay.
At present, the accumulated funds in NewPay virtual accounts have reached nearly 50 million US dollars, and some banks have realized the value of NewPay in addition to SMS verification codes.
As the number of NewPay users increases and users' trust in NewPay increases, NewPay's accumulated funds will rise sharply.
"Ms. Whitman, I strongly recommend accepting NewPay as one of Ebay's payment methods. In my opinion, after adding NewPay, the number of Ebay users will be greatly increased.
NewPay has a large number of users with account balances between US$20 and US$100. After these users deposit their funds into NewPay's virtual accounts, they are unwilling to withdraw the money to their bank accounts.
For this group of users, Ebay is a good place for consumption because NewPay allows them to add an Ebay entrance under their official website address.
This will attract these users to transact on Ebay. For Ebay, the increase in the number of users, the number of transactions and the amount of transactions will bring benefits to the capital market. This part of the income is far more than our own development of an electronic payment software. .
Moreover, NewPay is already very complete in this market. Even if we launch Billpoint, it will be difficult for it to beat NewPay.
We have never chosen to cooperate with NewPay. We can only watch helplessly as Amazon leaves us behind in electronic shopping with the help of NewPay. "
After the vice president negotiated with Peter Thiel, when reporting to Ebay President Ms. Whitman, he strongly recommended Ebay to cooperate with NewPay instead of waiting until the development of Billpoint was completed.
To be honest, the Internet bubble around the turn of the millennium was far beyond the imagination of future generations. Take Billpoint as an example, an electronic payment company that had not even launched a product. Ebay spent about US$82 million to acquire it.
(Some say it is US$112 million.)
Billpoint doesn't even have a product, let alone users.
NewPay, which has millions of users, is only valued at US$1 billion, which is unconscionable.
Whitman, whose full name is Meg Whitman, American’s political and business revolving door is obvious. She served as Ebay’s president when Ebay had only 30 employees and stayed in this position for ten years.
After her retirement, she first represented the Elephant Party in the California gubernatorial election and later joined the Donkey Party.
Another vice president with a similar experience, Steve Westley, head of electronic payments, seemed a little slumped after receiving the board's final decision.
He knows how much potential there is in the electronic payment field. He has always insisted on waiting for Billpoint to go online, including Ebay's acquisition of Billpoint, which he also led.
As a result, NewPay was not blocked from entering Ebay's payment channels.
This is a fatal blow to Billpoint. He can understand all this, but it is difficult to accept it.
We must know that transaction is the core behavior of modern business society. From large multinational companies to street vendors, the ultimate goal of all business activities is transaction, and transaction is achieved through payment.
In Steve's view, electronic payment is like a treasure that has not yet been unearthed in the Internet era. Once it is unearthed, the light will shock everyone.
Ebay clearly has hoes for mining and has discovered gold mines, but it abandoned them.
After Steve left eBay, he went to become the governor of California, and later lost to Schwarzenegger in the election.
While some are partying, others are celebrating. For NewPay’s promotion and marketing team, Ebay is definitely the most difficult battle they have ever had.
When other online shopping websites heard that they could cooperate with NewPay, they almost accepted it after just a little discussion.
Amazon, which has more users than Ebay, also accepted NewPay's proposal to put the Amazon official website link below NewPay's official website.
Only Ebay is so difficult to deal with. The most important reason is that Ebay recently acquired the electronic payment company Billpoint at a high price.
"Boss, Ebay has agreed to cooperate with us." When Warren Johnson told Zhou Xin the news, Zhou Xin and Cao Yongluo were assembling their first customized keyboard.
After Zhou Xin answered the phone, he picked up the Coke at hand and signaled to Cao Yongluo: "Come and have a toast to celebrate."
Tech geeks like Coke, this is a classic combination.
Cao Yongluo saw Zhou Xin celebrating with him after answering the phone, and knew it was because of what happened on the phone, not because of the keyboard they were assembling.
He also picked up the cup: "Is there any happy event?"
After Zhou Xin obtained his green card, he bought a villa from Bill Gates in a wealthy area of San Francisco. Zhou Xin chose to pay for this villa with Riot Games shares.
Originally, Zhou Xin planned to cash out some of Riot Games' shares before going public.
He previously held 60% of the shares, but Zhou Xin plans to reduce his shareholding to 55%.
Based on Riot Games’ valuation of US$2 billion, that’s US$100 million.
After knowing how much tax he would have to pay, Zhou Xin gave up the idea.
Because Riot Games was established less than a year ago, according to the federal tax law at the time, this was short-term capital gains, and the tax rate was the same as personal income tax, requiring a payment of 39.6%.
At the same time, California state taxes need to be paid, and nearly half of it is paid by him.
At that time, Zhou Xin felt that China was better because it levied far fewer direct taxes on the rich.
The butt determines the head. After doing the math, Zhou Xin chose direct share swap, and with Microsoft's dedicated tax consultant doing the tax, he was able to reduce the tax to less than 3%.
Zhou Xin said: "NewPay has made a big progress. The cooperation that has not been negotiated before has just been negotiated.
NewPay has a bright future ahead of it, and it deserves to be celebrated. "
Cao Yongluo nodded: "This is indeed worthy of celebration. Foreigners don't understand, but we Chinese don't understand?
The closer you are to money, the faster it comes. Is there anything in the Internet field that can make money faster than the electronic payment field?
That is to say, China has been unwilling to open up private capital to enter the electronic payment field. Many elders around me have long been gearing up to enter this field in various ways.
Recently, I have relatives who are also at the University of California asking me if they know you and they want to invest in NewPay.
No matter how much money you have, you can still invest in NewPay. "
After getting the American green card, it was like taking an insurance policy. Normal methods could no longer be used against Zhou Xin.
Coupled with Zhou Xin's own reputation in America and China, it is almost impossible to make some small moves.
Zhou Xin didn’t know if Cao Yongluo’s words were probing: “Haha, it’s normal to have such thoughts, but NewPay will no longer accept external investment recently.
We already have enough money. For the next round of financing, NewPay’s valuation will start at least tens of billions.
I welcome anyone in China who wants to participate, but they have to give me an equivalent price, such as allowing NewPay to enter the Chinese market.
Or he can give me a special electronic payment license. "
In other words, the license is called a franchise license.
Cao Yongluo shook his head: "This is really impossible to do. There has been no opening up in this aspect in China, and there is not even any news of opening up."
Zhou Xin: “If China can open up, I will set up a new company called NewPay to specialize in electronic payments in China.
This company will implement strict equity segregation with American's NewPay.
In other words, NewPay Global and NewPay China only have the same name and the control is in my hands. There is nothing else the same. "
Cao Yongluo: "I will inform you when there is news, but don't think about it in the short term.
If you really want to get an electronic payment license from China, after the People's Bank of China opens the door, I can help you find someone to talk to. As for how to distribute the benefits specifically, it depends on how well you talk. "
Zhou Xin asked: "Why, your family still can't get it?"
Cao Yongluo: “No way, my family has almost no options in this regard.
Moreover, the People's Bank of China is very weak in the third-party payment market. Even if it is opened up, it will be opened gradually. The first people to obtain licenses must be those with great power. Our family does not engage in financial business.
It's a quick buck, but there are a lot of taboos. "
In 1998, the People's Bank of China promulgated the Measures for the Management of Payment Services for Non-Financial Institutions, which clarified the access and management requirements for non-bank institutions to engage in electronic payment services.
However, it was not until 2004 that the People's Bank of China allowed private capital and foreign investment to enter the electronic payment field, and Alipay was also established in that year.
Later, it was not until 2010 that the People's Bank of China allowed payment licenses to be auctioned. The first transaction price of payment licenses was around 160 million RMB. Later, the price continued to rise, even reaching more than 1 billion RMB.
Zhou Xin picked up the PCB board in his hand and said: "These are still too far away.
Even you don’t know when the People’s Bank of China will relax restrictions, let alone me.
Let's wait until there is news in the industry before preparing for this. Let's assemble the keyboard now.
This is related to the first step in our century-old consumer electronics brand plan! "
They found three electronic product companies that focus on meeting customers' individual needs to help make these accessories.
Chapter 2, there should be another chapter.
Then let’s talk about how much the transaction tax on share-exchanged villas can be achieved. I don’t know. I don’t have experience in this area. Someone who knows about it can tell me, and it must be the situation in the late 1990s.
(End of chapter)
