Chapter 37 Acquisition of Online Banking
After the MV was filmed, Lei Ming started the busy life of the president, and first met with Kai-Fu Lee, global vice president of Google and president of Greater China.
Kai-Fu Lee was born on Treasure Island, followed his older brother to the United States to attend school in junior high school, and later received a doctorate in computer science from Kaneme Keelon. With his attainments in the field of computing, he has successively served as the global vice president of Apple Computer, Microsoft, and Google. Later, he founded Sinovation Ventures to provide all-round cultivation for early-stage entrepreneurs.
Lei Ming has also seen the investment results of Sinovation Ventures reported by the media, and the highest valuation is Meitu, and there are more than 20 other companies with a valuation of more than 100 million US dollars. In the eyes of ordinary people, it should be very good, but in the eyes of Lei Ming, who has the memory of rebirth, this investment performance is not outstanding. However, Kai-Fu Lee's reputation is relatively large, and his research in the field of computers is not blown, so Lei Ming mainly wants to ask Kai-Fu Lee to start a cloud computing company.
Before seeing Li Kaifu, Lei Ming also did some homework. After reading Li Kaifu's information, Lei Ming realized that it was a big omission that he did not invite Li Kaifu to be the Weibo promotion ambassador for the first time.
At first, he only thought of celebrities, Olympic champions, and cultural celebrities. Unexpectedly, Kai-Fu Lee also loves to write, and in 05, 06, and 07, he published "Be Your Best Self", "Walking with the Future: Kai-Fu Lee's Anthology", and "Online Dialogue with Students".
Since 2000, Kai-Fu Lee has published seven "Letters to Chinese Students" (namely: "A Letter to Chinese Students: Starting from Integrity", "The Second Letter to Chinese Students: From Good to Excellence", "The Third Letter to Chinese Students: Success, Confidence, and Happiness", "The Fourth Letter to Chinese Students: This is How Four Years of College Should Be Spent in College", "The Fifth Letter to Chinese Students: You Have the Right to Choose", "The Fifth Letter to Chinese Students: You Have the Right to Choose", "The Third Letter to Chinese Students: Success, Confidence, and Happiness", "The Fourth Letter to Chinese Students: This is How You Should Spend Your Four Years in College", "The Fifth Letter to Chinese Students: You Have the Right to Choose", "The Fifth Letter to Chinese Students: You Have the Right to Choose", "The Fifth Letter to Chinese Students: You Have the Right to Choose", "The Third Letter to Chinese Students: Success, Confidence, and Happiness", "The Fourth Letter to Chinese Students: This is How Four Years of College Should Be Spent in College", "The Fifth Letter to Chinese Students: You Have the Right to Choose", " The Sixth Letter to Chinese Students: The Wisdom of Choice" and "The Seventh Letter to Chinese Students - The Seven Most Needed Talents in the 21st Century", which respectively talked about the need to be honest, how to go from excellent to excellent, the wisdom of choice, and the concept of talent in the new century.
In July 2004, he founded "My Learning Network" to help young students grow.
After analyzing Kai-Fu Lee's information, Lei Ming wanted to ask Kai-Fu Lee to be the vice president of the micro-technology group, lead the creation of a cloud computing company and an angel fund, help young people start their own businesses, and also help the micro-technology group discover some important innovation directions. After all, Lei Ming's rebirth memory is only ten years, and after ten years, his vision may not be as high as Li Kaifu's.
Lei Ming and Kai-Fu Lee have known each other since the United States, and it is not difficult to make an appointment.
The two of them met, and after a little greeting, Lei Ming made his intentions clear.
Kai-Fu Lee is also very optimistic about cloud computing, and the angel fund coincides with some of his ideas.
In fact, Kai-Fu Lee left Google in 2009 to found Innovation Works.
Lei Ming's conditions for him were also very good, but Li Kaifu was still not moved by Lei Ming's words, but only said that he would seriously consider it.
Regarding Lei Ming's request for him to open Weibo, he happily agreed.
After the Weibo night, Micro Technology invited celebrities to open Weibo through various relationships, and the online and offline promotion has been continuously strengthened, and the local push army has increased to more than 1,000 people, in addition to the first-tier cities, it has also entered the second-tier cities with more college students and developed economies.
On the 22nd, Lei Ming attended the inauguration ceremony of the China Internet Video Anti-Piracy Alliance.
After more than 20 days of work, several relevant departments, the top companies on video websites, major film and television companies, and other Internet video copyright rights holders, as well as some companies that place advertisements on Internet video websites, have all participated in the anti-piracy alliance.
After the anti-piracy alliance ceremony, major video websites successively deleted piracy, and then sued some pirated websites and companies that advertised on pirated videos in batches to launch anti-piracy actions.
The next day, Lei Ming signed a contract to acquire a third-party payment online banking online at a price of 120 million.
In 2008, in addition to Alibaba's Alipay, Tencent's Tenpay, and UnionPay, the third-party payment market had a relatively large market share, and the other larger ones were several companies with a market share of 1-3%, and they were basically reluctant to sell.
The investment bank has been operating, but it can only deal with the online banking online, which has lost control of the management and has a market share of only 1%.
Zhao Guodong, the founder of online banking, was born in a small village in northwest Shandong, and in 97 he became the top student in the college entrance examination in DZ City with a score of 792, entered the university with the support of relatives and friends, and became the technical director of a talent network in his sophomore year, but when he graduated, the website also went out of business. Relying on his work experience, Zhao Guodong entered the Ministry of Public Security.
During the SARS epidemic in 2003, e-commerce grew rapidly, and the market for third-party payment continued to grow. Zhao Guodong, who has been uneasy about working step by step, resigned with 30,000 yuan of savings and started a business to start an online bank, relying on cost reduction and innovative services, online banking online continues to expand customers, in 2004 to obtain 2 million angel investment, in 2005 to obtain 30 million venture capital, it is also this financing that Zhao Guodong and other management in the board of directors into a minority, lost control of the company.
Zhao Guodong and Liu Qiangdong's experiences are somewhat similar, they are both highly talented students from poor families, and then they both chose Internet entrepreneurship, but Zhao is not as strong as Liu, and the development of online banking is not as good as JD.com.
After Yang Xixi completed the negotiation on behalf of Micro Technology, Lei Ming came forward to sign the acquisition agreement to wholly acquire online banking at a price of 100 million yuan.
After signing the acquisition agreement, Lei Ming also communicated with the senior management of online banking about the future strategic direction.
Although he thinks that the people in online banking are not very good, he still has to make some attention to it, maybe some people just don't have the opportunity, and they can become big bulls if they are given a chance!
In addition to online payment, larger companies are expanding to offline transactions, and companies with strong financial strength have engaged in a large number of POS machine acquiring.
Lei Ming, who knows the future of barcode payment and QR code payment, is naturally not interested in engaging in POS machines.
He also checked, there are already companies that study barcodes and two-dimensional codes in China, but now there are no smart phones, and they have not entered the 3G era.
Lei Ming's decision is to increase the expansion of online payment, suspend the expansion of offline payment business, and at the same time recruit the team that studies barcodes and QR codes to do a good job in technology development and reserves, and wait for the 3G era to start promoting barcode and two-dimensional code payment.
Although several senior executives of online banking were a little confused, after seeing Lei Ming's insistence, they all said that they would implement Lei Ming's strategic thinking.
After the acquisition of Online Banking, Lei Ming did not develop a development plan, but only announced the acquisition of Online Banking Online and the determination to create a safe and reliable third-party payment on Weibo.
"Micro Technology wholly acquired the third-party payment company Online Banking Online, and increased the capital of Online Banking by one billion yuan. If you dare to use it, I dare to compensate, and the loss suffered by the user because of the use of online banking will be fully compensated. At the same time, online banking online will spend 100 million yuan, specifically to crack down on online banking users to commit crimes, no matter how much money is stolen, we will fully cooperate with the police to solve the case, and bring every criminal to justice. ”
Many media have reported on another acquisition of Microtechnology, but netizens have little interest in online banking. After all, the third-party payment has such a pioneer as Alipay, at the end of August 2008, Alipay users have exceeded 100 million, it can be said that more active netizens have used Alipay, and the vast majority of online payments can also use Alipay.
Even JD.com, which is invested by Micro Technology, can now be paid with Alipay, only Weibo can only be used online with online banking, but Weibo only has one charity auction to pay, and the vast majority of Weibo users do not have this need, let alone people who do not use Weibo.
Lei Ming didn't think that he would be able to quickly expand the users of online banking now, so he didn't make a big deal to develop the conference, and Weibo was going to replace the press conference to a certain extent, he announced it on Weibo, and naturally there would be a number of media reports.