Chapter 208: WeChat has 20% of our savings?

February 2, Big Penguin Headquarters.

Dongguanzi uses his mobile phone to send red envelopes to friends in Xinghuo WeChat address book. For a 200 yuan red envelope, he only needs to enter a six-digit password and the money will be directly transferred to the account.

After a few more experiments, Dongguanzi couldn't help but sigh, "Mr. Wang is indeed a media journalism major, his brain is so quick, this function is too powerful, and it is safe and secure. It is much more convenient and faster than online banking transactions!"

"Whether you're sending red envelopes to others or using WeChat to pay for mobile phone bills, electricity bills, etc., all you need is an amount and a six-digit password."

"Pony, how long did it take him to promote this project?"

Before Pony Ma could answer, Allen Zhang said dejectedly, "In mid-December last year, our QQ account had 12 million users, while Spark WeChat only had over 2000 million. With the support of mobile Penguin, we can still catch up slowly."

"With the launch of this killer app, the number of users increased by more than 2 million in just over ten days. There is no doubt that the number of users will reach million on New Year's Eve."

"Mr. Ma, we can only hope that the chat and social empire on mobile terminals will not have a winner-takes-all siphon effect."

Xiao Ma smiled bitterly and took a sip of tea. "What's this bastard thinking? He's giving out red envelopes to everyone, and whether they're father and son, mother and daughter, sisters, cousins, or even boyfriend and girlfriend, they can all transfer money to each other quickly and easily."

"I can deduce that as long as he and the bank agree on the next step, he can bind the bank card to WeChat."

"By then, there will be no need to go to Xinghuo Payment to shop online. You can withdraw cash directly to your bank card. This move is basically unstoppable."

"I also heard that even China Investment Corporation, the major shareholder of the Big Four Banks, has invested 15% in Spark Payment. They haven't officially signed a share trading contract yet, but they plan to sell it within a few years, at least at this valuation, and maybe even more."

"Then it won't be long before Xinghuo WeChat and bank cards are linked together."

He has tried his best to urge the security department, including the payment team, to get involved. The more reliable response they gave was that this function could not be completed without two or three months.

It’s not that it’s too difficult, but it needs to be done as much as possible without affecting the use of WeChat or the user’s change balance while withstanding attacks from the world’s top hacker teams.

Once you can no longer withstand the attack, the numbers will jump up and down, 1 yuan balance will become 1 yuan, and more than yuan in change will become a few yuan...

There is no need for all users to make random changes when they have not moved their change. As long as there is a change in one percent of user accounts that will be attacked.

This is a catastrophe.

Therefore, building a coin wallet function with a simple framework is not difficult, but the difficult part is security.

When Wang Chengguang launched Xinghuo WeChat in July, Xinghuo Pay already had more than 100 million registered users, and Xinghuo Pay, including Xinghuo Weibo, had also experienced countless rounds of external attacks.

When he handed over the security of Xinghuo Weibo to 360 and Kingsoft team to resist attacks, he began to look for the world's top experts, and later he also received support from the Big Penguin security department.

Even so, functions such as wallet change transfers will not be promoted until the end of the year or the Chinese New Year.

This time span is really not short.

After a moment of silence, Brother Xiao Ma suddenly looked up and asked, "What is Jack Ma doing recently?"

Dongguanzi smiled and said, "I heard that he completely acquired a takeaway ordering and delivery platform called Ele.me in December. Currently, the platform is mainly developing in Shanghai..."

Pony Ma was stunned for dozens of seconds. "That's right. We at Big Penguin can't launch new features in a short period of time. Alibaba, which is struggling to survive, is even more short of people."

"Shit, I just remembered that when we were trying to poach the core members of Taobao and Zhifubao, Xinghuo Lao Wang also poached a group of technical backbones, mainly in the field of network security."

"Jack is trying to make the tree die if it is moved away, but the man can live if he is moved away!"

Dongguanzi and Alan Zhang looked at each other and said nothing. This old saying still makes sense. Hangzhou Jack has been bullied by you two big guys for so long, it has been a year.

Last year, Spark Payment was launched in internal beta in January and in public beta in February. Isn’t it more than a year ago? It also went through a round of money-burning war.

After being treated like this, how can Jack continue to ask SoftBank for funds unless he goes to seize business opportunities in other fields?

………………

At around 11 o'clock in the morning on the northern New Year's Day, Wang Chengguang and Wu Xiaowei drove to the residential area where Wang Huixia lived.

When he and Xiaowei walked in, their eldest cousin, uncle, and aunt all came to greet them.

The family chatted politely for a while, and Xiaowei gave out several big red envelopes on behalf of their family. Wang Huixia felt that the cash red envelopes were a bit too thick and too big, so she didn't dare to accept them...

Wang Chengguang smiled and said, "You all know that I donate hundreds of millions to charity. We can't treat our relatives too badly. These are red envelopes of tens of thousands for good luck. Five sixes or five eights. Please accept them."

"With this little money, if you don't have good moral character, you can easily find a place to borrow millions of dollars in the name of my relatives and spend it as you please."

The uncle accepted the red envelope and nodded, "Okay, let's not push it around. It's a great honor for the third brother's family to have a child like you."

Wang Huixia also laughed, "I thought you would use WeChat to send red envelopes. I also understand why you set a 200 yuan limit for WeChat red envelopes."

"Otherwise, I don't know how many rich people will be unbalanced. Also, if strangers can transfer money without adding each other as friends, and they can set the amount by themselves, such as one, five or ten yuan, then those of us who sell goods at the night market will be so amused that we will definitely be grateful to you."

Wang Chengguang nodded, not knowing whether to laugh or cry. "Sister, you are really smart to think of this. This is actually our new year strategy for WeChat balance and Spark Payment."

“Strive to promote it fully during the summer vacation!”

Wang Huixia was stunned. Her uncles and aunts were staring at her in confusion. She was just a junior high school graduate who sold food at a night market after her divorce!
Wang Chengguang explained with a smile, "You, the lowest-level retail staff, are the ones who know best the huge gap between cash payment and electronic payment. First, you don't need to make change, and second, you don't need to worry about counterfeit money. If you can bind a certain bank card."

"Then the retailers across the country are the most loyal customers of WeChat and Spark Payment."

Wang Huixia nodded repeatedly as she suddenly realized something. "Yes, I've been working at the night market for half a year. The most troublesome thing is changing money. I always receive a little bit of counterfeit money every month, and some that are worn out during use..."

"Besides, I have to save up a lot of change and go to the bank to exchange it or deposit it. Not only do I have to wait in line for a long time, but I also have to endure the humiliation."

"Once WeChat and payment become what you said this summer, I guarantee that all the vendors at the night market near Beihang University will promote you spontaneously."

Wang Huixia became more and more excited as she spoke, and she began to speak incoherently. The main reason was that she had never expected that someone like her could have common topics with Wang Chengguang, who was at the top of the national business community!

…………

After lunch, when Wang Chengguang left Wang Huixia's house, he went to Wang Pengqi and Liu Ke's house. The house they rented was not in the North Fourth Ring Road, mainly because Liu Ke's parents lived far away from here. Today was the Little New Year's Eve, and he mainly entertained the company's management in his big villa, including big and small Internet celebrities, to celebrate the New Year's Eve together.

This is not an overall New Year's Eve team-building event, but it is also small-scale.

As for his hometown, he went back during the summer vacation. In the summer of 2010, various small factories might be hiring workers. He would probably have to stay in Zhengzhou for a month or two, so there was no rush. Zhengzhou was only more than kilometers away from his hometown...

time flies.

Over the next few days, as the New Year drew closer, the total number of registered users on WeChat grew rapidly, like a dragon traveling across the world. On the day of the Chinese New Year, the number of registered users exceeded 1.7 million, with three to four million new users added each day thereafter, and continued until the 28th day of the twelfth lunar month, when the number reached 1.9 million.

On the 29th day of the twelfth lunar month, sales officially exceeded million!
On February 2, at 13 am on New Year's Eve, along with the new version update, group red envelopes were opened...

It was the big Vs such as Xu Hongdou, Jiang Nansun, Zhu Suosuo and Yang Tao who took the lead in sending red envelopes to many salesmen, technicians and others in the Xinghuo online store department.

The Xinghuo online store department itself has many large WeChat groups, with a maximum of 500 people in each group.

Today is New Year's Eve, the maximum amount of red envelopes in a group is 2000 yuan, and a group of internet celebrities took turns to send them out. All I can say is that after eight o'clock, the employees of the Xinghuo online store department went crazy scrambling for the red envelopes.

Even based on calculations, big data and other issues, for a red envelope with an upper limit of 2000 yuan, only 50 people are reserved to grab the red envelopes, and the maximum amount a single person can receive is 100 yuan. The remaining 49 people will roughly share 1900 yuan.

But every time you grab a red envelope, there will be handsome men and beautiful women with a hundred yuan each, and other lucky ones will also get amounts ranging from twenty to forty yuan.

A group of big internet celebrities randomly gave out a few of them, worth about 10,000 yuan, and this made the employee group of several thousand people go crazy for them!

Xinghuo is famous for having many internet celebrities who spend money on the Internet. Gu Jia and Zhong Xiaoqin from Shanghai can send out red envelopes for people to grab.

The red envelope grabbing carnival that took place in the morning was screenshoted and posted on Xinghuo Weibo, and the whole Internet was filled with envy.

So this is how it works? 11 billion red envelopes of cash and shopping vouchers will be distributed at the beginning of the Spring Festival Gala? ? Fast hands? ?
Your hands are really fast!
For a WeChat group with a maximum of 500 people, set the limit to 50 people each time.

Isn't this just a competition of hand speed? ? Countless people have started practicing privately, and have also formed small groups to give a few yuan to grab red envelopes.

…………

The day is noon.

Wang Chengguang was still in the big villa preparing ingredients for the small team-building New Year's Eve dinner when he saw Gu Jingjing approaching with a cell phone in hand. "Brother Guang, this is Mr. Li from China Mobile. He wants to talk about... ahem, financing."

Yesterday, the number of WeChat users officially exceeded 200 million!
It is equivalent to standing in the same position as Mobile Fetion, which was launched in 07 and is the result of years of accumulation. Previously, Spark WeChat took half a year to reach million users, even though the activity level and activity ratio were very high.

Fetion still attaches great importance to it, but they are too big, and within the state-owned enterprise...

Wang Chengguang put down the ingredients, washed his hands in the basin of warm water handed to him by Wang Manni, and then took the phone, "Happy New Year, Mr. Li."

Mr. Li on the other side of the phone was full of bitterness. After asking about Happy New Year, he sighed, "Mr. Wang, your Xinghuo WeChat is really aggressive. In less than a month, you have attracted more than 100 million new users."

"The mobile platform has exploded. Since you launched the change wallet and payment interoperability, our mobile 3G users have doubled in just 20 days."

"I heard that China Unicom and China Telecom are the same... If we want to raise funds to invest in Spark WeChat, can we raise 6% of the current amount at 10 million US dollars? ICBC and CIC are waiting for a few years to see the specific price, which is 6% of the current amount at 10 million US dollars."

Wang Chengguang didn't know whether to laugh or cry. "This price has a huge valuation gap. Mr. Li, you should understand that I will go to the bank after the Spring Festival. WeChat is bound to a bank card, and the wallet change can be directly withdrawn to each user's bound bank card."

This does not need to be kept secret. Anyone with a bit of foresight can guess it, and once you start running, the news will spread immediately.

This requires the support of CIC, which will hold a minimum 15% stake, to negotiate with the bank.

At this stage, whether it is savings, credit cards, POS card swiping, or paper currency transactions, etc., the banks are the giants. Once the bank card binding and QR code promotion are agreed upon?

That is a new era that is almost abandoning the frequency of using various cards and banknotes!

Fortunately, CIC and ICBC together hold at least 25% of Spark Payment’s shares, and ICBC holds at least 10% of WeChat’s shares. If a few more friends come along, the problems will not be too big after about half a year of negotiations.

ICBC will strongly support him.

The amount given for mobile is...too little.

Mr. Li still spoke bitterly, and chatted with him for a few more words, saying that he would try to hold more meetings before the new year's rush to return to work...

As soon as Wang Chengguang put down the phone, Gu Jingjing grabbed another phone and said, "ICBC Vice President Xu sent a text message on WeChat. They want WeChat's second 10% priority financing and signed an agreement. This time, the mortgage loan is million US dollars."

Wang Chengguang was speechless. "It's better to give priority to financing and give them a few years. This is a huge discount. I have so much money that it's hard to invest."

Gu Jingjing smiled and said, "Then it's like what you said, investing in second-tier Microsoft and Yahoo stocks?"

Wang Chengguang shook his head and said, "Take out $1 million to invest in Netflix. Our video websites are making progress, and we can also invest in this North American counterpart."

The last time he received $6 million from CIC, he thought about investing in Netflix, but after thinking about it, he decided to buy Amazon. However, Netflix's market value is too low now, $33 billion! It is 2021 times lower than the $3000 billion in 100.

If you had bought Netflix for $6 million last time, that would be equivalent to 18% of the shares. That would be a complete failure. When Netflix's market value soars, if you want to make a lot of money... just wait to be ripped off.

ICBC plans to give another 8 million US dollars? In other words, it will take out 1 million to buy 3% of Netflix, and then hoard it in its hands by using gloves or other messy methods, such as distributing the shares of multiple people to each individual holding a few thousandths, so that it can easily make a fortune.

What to do with the remaining 700 million dollars?
Wang Chengguang wanted to complain that ICBC was so quick and it was much easier to turn around than China Mobile. It was not surprising because ICBC had a huge investment department, the bank's investment department, which had been watching Wang Chengguang's series of operations since the outbreak of the financial crisis.

Learned a lot.

Furthermore, if Xinghuo WeChat can open up the bank line, even if they did not guess the retail terminal payment transaction of the QR code, it would be the online shopping payment market of two to three hundred billion yuan last year. The RMB running on the Internet can be transferred into WeChat change, transferred by acquaintances, and then withdrawn from bank cards.

This is a brand new huge behemoth.

The money transfer operation of entering the amount plus a six-digit password on WeChat on your mobile phone is more than ten times simpler and easier than online banking!
No matter how other banks will be impacted, ICBC? WeChat has 20% of us? What else can we say? We can just take down other banks at the same time.

(ps: I suddenly feel like I'm a programmer in 007, please have pity, please subscribe, and please vote for me~)

(End of this chapter)