After the Mphone Developers Conference in 2002, Guan Jianying went around in Neon, and Zhou Xin also returned to China to participate in some activities in China.
Mphone has obtained domestic license and will be launched in China. At the same time, Weibo and Weibo will be launched in China.
Among them, the electronic payment license was opened to the outside world three years earlier than the original time and space. The "Electronic Payment Guidelines" that was originally scheduled to be released in 2005 have been released, followed by the issuance of electronic payment licenses.
Because of NewPay's global success, China realized the power of electronic payment many years in advance. Therefore, only three companies in China have obtained electronic payment licenses this time. NewPay, Capital Easypay and a newly established company under UnionPay A company focused on electronic payments.
NewPay is the only private company among the three institutions, as a reward for Zhou Xin’s past heavy investment in the chip business in China.
After more than US$2 billion of investment in chip manufacturing was completed in the first half of this year, Mphone's open license was also opened.
The reason why Mphone has not been opened is because the comments on Weibo are not very friendly, so China has proposed that Mphone applications be designed specifically for the Chinese region, which means that the content of applications in China and foreign countries cannot be interoperable.
The two parties talked about this matter for a long time, and finally Zhou Xin agreed. Following the trend, New Cloud Technology also entered China and began to build data centers in Yanjing, Shenhai and Pengcheng. The time was right in mid-July this year. Taking advantage of the situation, Mphone can be released.
In fact, Zhou Xin is not very willing to promote Mphone. Mphone is undoubtedly an excellent product. It is priced at US$599. The price in China is converted according to the exchange rate. Excluding tax, it is about 5,000 RMB. At this price, there is still one in China. A group of people can afford it.
Even ordinary working-class people and workers active in Guangdong Province can afford it with gritted teeth. China is a vast and important market for Matrix.
However, the first-generation Mphone is far behind the soon-to-be-launched second-generation Mphone. Therefore, Zhou Xin does not want to put too much effort into the first-generation Mphone entering China. The most important thing is to serve Chinese consumers. The reader leaves an impression, the brand impression of Mphone.
"Mr. Zhou rarely participates in talk shows. It seems to me that he has never participated in one. This should be the first time he has participated in a talk show in China."
The program Zhou Xin participated in was called Eastern Time and Space. This program has interviewed many well-known entrepreneurs, including Bill Gates, Jack Ma, Ren Zhengfei, etc.
“Rarely, I participated in a Charlie Rose talk show once when I was in Silicon Valley. Later, as my career got on the right track, I rarely participated in similar programs.
I'm very talkative and express myself very smoothly, but I don't like to show up to the outside world. I have a bit of social phobia. Zhou Xin said.
Zhou Xin’s understanding of social phobia is compared with people with social phobias such as Jack Ma and Musk. He is actually a bit like Pony. They don’t like to appear in public to the outside world, but they will not exclude them when necessary. Participate in some public activities outside.
The host said: "Yes, I was very excited before interviewing Mr. Zhou, because you are a representative figure of China on a global scale and the most representative entrepreneur of China since ggkf. I did this before the interview. A lot of homework, including watching the interview show with Mr. Charlie Rose many times.
You have always been very confident. When I watched that video, it seemed that you already knew that electronic payment would develop into its current form and become an indispensable part of the Internet ecosystem. "
Since the electronic payment license was issued, electronic payment has begun to cause some discussions in China. The voices of the public or relevant stakeholders are mainly focused on the fact that too few electronic payment licenses are provided. What is enough if only three are enough?
NewPay's operations in China are also separate. Zhou Xin specifically established China's NewPay in China, and then introduced several Chinese state-owned financial institutions to become shareholders. It was isolated from the globalized NewPay from the beginning. .
This is also to avoid the risks of Alibaba. It is still too late for Alibaba to spin off Alipay into Ant.
Zhou Xin said: “Electronic payment was not a new thing in the year I was interviewed, it has a long history, and I did see it more than others.
Electronic payment is actually an online extension of traditional payment. It can do more than traditional payment methods, because when you use electronic payment, you can naturally see a lot of information.
I think this is related to energy. When I was working on Angry Birds, I relied on the information that comes with traditional payment, which allowed me to successfully bypass offline channels and sell the game directly to players, so I am very concerned about payment. I am very keen on information. After I made electronic payment myself, I was able to quickly realize what electronic payment can do that traditional payment cannot. "
The host asked: "What do you think of the competitive relationship between electronic payment and traditional payment? Is it a zero-sum game or a non-zero-sum game?"
Zhou Xin repeatedly explained that he knew that even if he said it in private, let alone in such a public occasion, it would be widely reported and interpreted by the media.
Especially at this time when China is launching an electronic payment license, every word he says needs to be carefully considered to avoid unnecessary resistance: “I have never believed that there is an antagonistic relationship between electronic payment and banks.
Electronic payment still needs to be completed by banks. Banks are an indispensable part of the electronic payment ecosystem. Electronic payment will also become an indispensable part of banks. The space for cooperation between the two is far greater than the space for competition.
There is neither a binary opposition nor a relationship between them. "
In fact, after the first year of electronic payment, it is indeed increasingly difficult for banks to expand their business. However, this difficulty is not only affected by electronic payment. It is undeniable that the rise of Alipay and WeChat Pay and the rapid development of the Internet financial industry have made it difficult for banks to expand their business. important reasons.
However, it is impossible to say in public that electronic payment will make it more and more difficult for banks to make profits, and will force banks to improve their service awareness and attitude. Zhou Xin’s identity determined that when electronic payment first entered China, he had to go public through Take a stand to ease conflicts.
There are similar contradictions in Amerikan. This contradiction is not so direct because firstly, it allows large banks to take shares, and secondly, Zhou Xin does not use a big weapon like Yu’e Bao.
"We all know that NewPay has obtained one of the three electronic payment licenses in China. The other two electronic payment licenses are UnionPay and Capital Pay. Only NewPay is a private enterprise. When you are competing with UnionPay and Capital Pay, Do you feel stressed?"
Capital Pay is a state-owned enterprise jointly established by Yanjing and the Ministry of Foreign Trade and Economic Cooperation. It has been engaged in electronic payment since 1999 and is one of the earliest electronic payment companies.
Zhou Xin said: "I think they are the ones who should feel the pressure. From the time I started my business to now, all the people who should feel the pressure are my competitors."
The host was not surprised after Zhou Xin finished speaking, because whether Zhou Xin was being interviewed, hosting a press conference, or hosting an interview program, he was full of confidence and humor.
"Mr. Zhou is still so confident, but as a leader in the global electronic payment industry, it is normal for NewPay to have such confidence.
Mr. Zhou thinks, what are the differences between electronic payment and traditional payment? Let’s give the operators of UnionPay and Capital Pay a little experience from the pioneers. "
Zhou Xin thought for a moment and said: "I think electronic payment is the best combination of Internet services and traditional financial services. There are probably two points that need to be paid attention to. One is trust. This is a new thing in China. You need to make users trust you." Electronic payment products can ensure the safety of their funds.
The second is scale. Payment is a behavior of both parties. Traditional payment has a long history and is mature enough. Most people have bank cards, but electronic payment is different. In the beginning, one party had an electronic payment account, and the other party had an electronic payment account. This is not the norm, and different electronic payment manufacturers generally do not support interoperability. Under such a premise, scale becomes particularly important.
China is a large country with a large population, but I think two or three electronic payment players in the entire market are enough. Therefore, NewPay, UnionPay and Shouyi Pay will have a very large first-mover advantage. Because of the importance of scale, I even think this advantage can be maintained forever.
But the premise is not to make mistakes, not to make fatal mistakes. Here we can go back to the first point I just mentioned, which is to create a crisis of trust. "
A crisis of trust is always the biggest crisis for an organization. When the public takes pleasure in watching the organization make a fool of itself in public, this is a very dangerous situation.
Zhou Xin is talking about macro-level strategies and will obviously not cover specific plans. When the number of mobile payment users is large enough, WeChat red envelopes and Jiwufu can become a surefire way to expand the number of users.
Coupled with the QR code technology patent in hand, NewPay is completely invincible.
"Mr. Zhou's explanation of electronic payment is very good, and he also summarizes the scale and trust very well. It can be called a sharp insight.
In fact, Mr. Zhou has insights far beyond ordinary people in many aspects. I don’t know if you know about Xinxin Technology. It is a semiconductor company headquartered in Shenhai and Zhangjiang and has multiple R&D centers around the world.
A series of major scientific and technological breakthroughs have been achieved in recent years. "
This was followed by an introductory video about Xinxin Technology, focusing on breakthroughs in semiconductor materials, domestic lithography machines and chip design.
This is also the key point why Zhou Xin is willing to participate in this talk show. NewPay and Mphone are famous enough that he does not need to help with the platform.
In addition to Xinxin Technology being well-known in the industry, not many people know about it, and not many companies know about it.
Today, when Xinxin Technology is about to launch a turnkey solution, it is particularly important to make the public and the vast number of small and medium-sized enterprises in China aware of the existence of Xinxin Technology.
"Xinxin Technology has only been established for less than three years, but it has achieved breakthroughs in different fields of chips, ranging from breakthroughs at the global level to breakthroughs at the Chinese level. I am very curious about how Xinxin did it?"
Zhou Xin said: "I think Xinxin Technology still invests in talents. We have recruited many top R&D personnel and experienced engineers in the industry.
Xinxin Technology increases its investment in R&D every year, and this year it will probably exceed US$2 billion.
You must know that giants in the chip field like Texas Instruments only invested about US$1.5 billion in R&D last year. "
Zhou Xin continued: “I hope Xinxin Technology’s high annual R&D investment will become the norm.
Generally speaking, technology-based companies will have their own core technologies when they are first established. They will invest in R&D only after they achieve profitability with the help of core technologies. Xinxin Technology is different. It is a company established entirely based on my personal wishes. Therefore, the most important thing after its establishment is R&D. From salary to job promotion, we try our best to favor front-line R&D personnel and engineers. "
For example, Texas Instruments' R&D expenses in their annual report are US$1.5 billion, and they state that their annual R&D expenses are at least US$1.5 billion. The main reason is the sluggish chip industry in the past two years.
“Furthermore, our R&D expenses are high. A large part of the reason is that when start-ups like Xinxin Technology want to recruit top scientific researchers, the only thing we can impress them with is salary.
Therefore, our R&D expenses will be higher than those of our peers.
Judging from the results, the high R&D expenses are obviously worth it, otherwise Xinxin Technology would not be developing as fast as it is now. "
Zhou Xin continued: "With the help of the Oriental Spacetime platform, we can also help Xinxin Technology advertise. We also have a research and development center in China. The annual salary of researchers starts at 200,000 yuan. Interested students are welcome to submit their resumes."
The host sighed: "It's a pity that I'm old, and it's too late to switch to semiconductor research, otherwise I would be tempted.
In fact, everyone knows that the semiconductor industry has not been having a good time in the past two years. The revenue and profits of almost all semiconductor companies have been declining. Not long ago, we interviewed the president of Intel Asia Pacific. He said that now is the darkest moment for the semiconductor industry. .
On the contrary, Xinxin Technology has continued to expand against the trend. In the first half of this year, it announced a plan to build a factory worth tens of billions of dollars.
I'm curious, what do you think about it from an entrepreneur's perspective?
Judging from the results of the first half of the year, Xinxin Technology seems to be doing well despite the dismal performance of its peers. "
Zhou Xin replied: "Xinxin Technology has not achieved profitability, we have been losing money, including investments of tens of billions of dollars, of which I only contributed 2 billion, and the other 8 billion dollars will be provided by various capital institutions.
So I was under a lot of pressure because I had to spend so much money to build a factory and invest in the semiconductor industry.
But I am also very confident, and my confidence comes from being optimistic about the prospects of the industry.
In the past two years, the semiconductor industry has shrunk, the market has shrunk, and various semiconductor companies have been in recession. However, mobile chips have developed rapidly. Mobile phone sales increased by 45% the year before last and 40% last year.
The surge in mobile phone sales has led to the rapid growth of mobile chips. When Xinxin Technology was founded, I planned to start with mobile chips. "
(End of chapter)
