After the 2002 Mphone developer conference, Guan Jianying attacked around neon, and Zhou Xin also returned to China to participate in some activities in China.

Mphone has obtained a domestic license and will be listed in China, and Weibo will be launched in China.

Among them, the electronic payment license was opened to the public three years earlier than the original time and space, and the "Electronic Payment Guidelines" that were originally to be issued in 2005 have been issued, followed by the issuance of electronic payment licenses.

Because of NewPay's global success, the Chinese side realized the power of electronic payment many years in advance, so this time only three companies in China have obtained electronic payment licenses, NewPay, PayEase and UnionPay A newly established company focusing on electronic payment.

NewPay is the only private enterprise among the three institutions, as a reward for Zhou Xin's strong bet on chip business in China in the past.

In the first half of this year, after more than $2 billion of investment in chip manufacturing was put in place, Mphone's open license was also opened.

The reason why Mphone has not been opened is because the remarks on Weibo are not very friendly, so the Chinese side proposed that the application of Mphone should be specially designed for the Chinese region, which is equivalent to the application content of the Chinese region and foreign countries cannot be interconnected.

The two sides talked about this matter for a long time, and finally Zhou Xin agreed, and homeopathic Xinyun Technology also entered Huaguo, and began to build data centers in Yanjing, Shenhai and Pengcheng, and in mid-July this year, the time was ripe to release Mphone.

In fact, Zhou Xin is not too willing to promote Mphone, Mphone is an excellent product Undoubtedly, the price of 599 US dollars, the pricing in China is converted according to the exchange rate, excluding tax, it is about 5000 yuan RMB, this price Huaguo still has a group of people who can afford it.

Even ordinary wage earners, who are active in Guangdong Province, can afford to grit their teeth, and Huaguo is a vast and important market for Matrix.

However, compared with the second-generation Mphone that will be launched soon, the first-generation Mphone is too far behind, so Zhou Xin does not want to put too much effort into the first-generation Mphone to enter China, and the most important thing is to leave an impression on consumers in China, the brand impression of Mphone.

"Mr. Zhou rarely participates in talk shows, and I have the impression that he has never participated. This should be the first time to participate in a talk show in China. ”

Zhou Xin's program is called Oriental Time and Space, and this program has interviewed many well-known entrepreneurs, such as Bill Gates, Jack Ma, Ren Zhengfei and so on.

"Very rarely, I did a talk show with Charlie Ross when I was in Silicon Valley, and then as my career got on track, I didn't do much of it.

I'm very talkative and very expressive, but I don't like to be seen in the outside world, and I'm a bit of a social phobia. Zhou Xin said.

Zhou Xin's understanding of social phobia is that compared with Jack Ma and Musk, he is actually a bit similar to Pony, he doesn't like to appear in public in the outside world, but when necessary, he will not be excluded from participating in some public activities in the outside world.

The host said: "Yes, I was very excited before I interviewed Mr. Zhou, because you are the representative of Huaguo in the world, and you are the most representative entrepreneur since the GGKF of Huaguo, and I did a lot of homework before the interview, including the interview show you watched with Mr. Charlie Ross many times at that time.

You've always been very confident, and I watched that video and it felt like you knew that electronic payments were going to take their current form and become an integral part of the Internet ecosystem. ”

Because the electronic payment license has come down, electronic payment has begun to cause some discussion in China, and the voices of the people or relevant stakeholders are mainly focused on the fact that there are too few electronic payment licenses, and only three are enough.

The operation of NewPay in China is also separate, Zhou Xin set up a special NewPay in China, and then introduced several state-owned financial institutions in China to take shares, and the global NewPay was isolated from the beginning.

This is also to avoid the risk of Alibaba, which is still too late to spin off Alipay as an ant.

Zhou Xin said: "Electronic payment is not a new thing in the year I was interviewed, it has a long history, and I do see more than others.

Electronic payment is actually an extension of traditional payment online, and it can do more than traditional payment methods, because when you use electronic payment, you can naturally see a lot of information.

I think it's related to energy, when I was doing Angry Birds, I relied on the information that came with traditional payments, so that I was able to successfully bypass offline channels and sell games directly to players, so I was very sensitive to payment plus information, and I was able to quickly realize what electronic payments could do that traditional payments couldn't do after I made electronic payments myself. ”

The moderator asked, "What do you think about the competition between electronic and traditional payments?" Is it a zero-sum game or a non-zero-sum game? ”

Zhou Xin explained again and again that he knew that not to mention that it was in such a public setting, even if he said it in private, it would be widely reported and interpreted by the media.

Especially at this point in time when China launched its electronic payment license, every word he says needs to be carefully considered to avoid causing unnecessary resistance: "I have never thought that electronic payment and banks are antagonistic relationships.

Electronic payment still needs to rely on banks to complete, banks are an indispensable part of the electronic payment ecosystem, electronic payment will also become an indispensable part of banks, and the cooperation space between the two is far greater than the competition space.

There is no duality between them, not one or the other. ”

In fact, after the first year of electronic payment, it is indeed more and more difficult for banks to develop their business, but this difficulty is not only affected by electronic payment, it is undeniable that the rise of Alipay and WeChat payment, and the rapid development of the Internet finance industry is an important reason for the difficulty of banks in developing their business.

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 service attitude.

There is also a similar contradiction in Ameriken, which is not so direct because of the fact that large banks are invested in the company, and Zhou Xin did not take out the big killer weapon of Yu Bao.

"We all know that NewPay has obtained one of the three electronic payment licenses in China, and the other two electronic payment licenses are UnionPay and PayEase, only NewPay is a private enterprise, will you feel pressure when competing with UnionPay and SetEasePay?"

PayEase is a state-owned enterprise jointly developed by Yanjing and the Ministry of Foreign Trade and Economic Cooperation, which has been engaged in electronic payment since 1999 and is one of the earliest electronic payment enterprises.

Zhou Xin said: "I think they should feel the pressure, from the beginning of my business to now, all the people who should feel pressure are my competitors." ”

After Zhou Xin finished speaking, the host was not surprised, because whether Zhou Xin was interviewed, hosted a press conference by himself, or hosted a talk show by himself, he was full of confidence and humor.

Mr. Zhou is still so confident, but it is normal for NewPay, as a leader in the global electronic payment industry, to have such confidence.

Mr. Zhou thinks that compared with traditional payment, what is the difference between electronic payment? A little experience from the pioneers is given to the operators of UnionPay and PayEase. ”

Zhou Xin thought for a moment and said: "I think electronic payment is the best combination of Internet services and traditional financial business, there are probably two points that need to be paid attention to, one is trust, which is a new thing in China, and users need to believe that your electronic payment products can ensure the safety of their funds."

The second is scale, payment is the behavior of both parties, traditional payment has a long history, has been mature enough, the vast majority of people have bank cards, and electronic payment is different, at the beginning, one party has an electronic payment account, the other party is not the norm, plus different electronic payment manufacturers generally do not support interconnection. In this context, scale becomes particularly important.

China is very big and has a large population, but I think two or three e-payment players in the entire market are enough. Therefore, NewPay, UnionPay and First Trip Pay will have a very large first-mover advantage. Because of the importance of scale, I even think that this advantage can be sustained.

But the premise is not to make mistakes, not to make fatal mistakes, and here we can go back to the first point I just said, which is to create a crisis of confidence. ”

A crisis of confidence is always the biggest crisis of an organization, and it is a very dangerous situation when the public takes pleasure in watching the organization make a fool of itself in public.

Zhou Xin said that it is a macro-level strategy, and it is obvious that it will not be involved in the specific plan, when the number of mobile payment users is enough, WeChat red envelopes and Jiwufu can become nirvana to expand the scale 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 the scale and trust are also well summarized, which can be called a true insight to the point.

In fact, Mr. Zhou has far beyond ordinary people's insights in many aspects, Xinxin Technology does not know if you know, this is a semiconductor company headquartered in Shenhai Zhangjiang, with a number of R&D centers around the world.

In recent years, a series of major scientific and technological breakthroughs have been achieved. ”

This was followed by an introduction video about Xinxin Technology, focusing on breakthroughs in semiconductor materials, domestic lithography machines and chip design.

This is also the focus of Zhou Xin's willingness to participate in this talk show, NewPay and Mphone are famous enough that they don't need him to help stand on the platform.

In addition to being well-known in the industry, there are not many people who know about it, and there are not many companies that know about it.

Today, when Xinxin Technology is about to launch a turnkey solution, it is particularly important for the public and the majority of small and medium-sized enterprises in China to realize 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, from breakthroughs at the global level to breakthroughs at the Chinese level.

Zhou Xin said: "I think Xinxin Technology is still investing in talents, and we have recruited many top R&D personnel and experienced engineers in the industry.

Xinxin Technology has increased its R&D investment year by year, and it will probably exceed 2 billion US dollars this year.

You must know that giants in the chip field like Texas Instruments, their R&D investment last year was only about $1.5 billion. ”

Zhou Xin continued: "I hope that the high annual R&D investment of Xinxin Technology is a norm.

Generally speaking, technology-based enterprises will have their own core technology when they are first established, and they will only invest in R&D after achieving profitability with the help of core technology. Xinxin Technology is different, it is completely based on my personal wishes to establish an enterprise, so the most important thing after the establishment is R&D, we are as inclined as possible to front-line R&D personnel and engineers from salary to job promotion. ”

For example, Texas Instruments reported that the R&D expenses in their annual report were $1.5 billion, and said that the annual R&D expenses were at least $1.5 billion, and the main reason was the recession of the chip industry in the past two years.

"And our R&D expenses are expensive, a large part of the reason is that start-ups like Xinxin Technology want to recruit top scientific researchers, and the only thing we can impress the other party is salary.

Therefore, our R&D expenses will be higher than those of our peers.

Judging from the results, the high R&D cost is obviously worth it, otherwise Xinxin Technology would not have developed as fast as it is now. ”

Zhou Xin continued: "With the help of the platform of Oriental Time and Space, it is also to help Xinxin Technology advertise, we also have a research and development center in China, and the annual salary of researchers starts at 200,000 yuan. ”

The host sighed: "It's a pity that I'm old, and now it's too late to change careers to do semiconductor research, otherwise I'm excited."

In fact, we all know that in the past two years, the semiconductor industry has not been very good, almost all semiconductor companies have been declining in revenue and profits, not long ago we interviewed the president of Intel Asia Pacific, he said that now is the darkest time for the semiconductor industry.

On the contrary, Xinxin Technology has been continuously expanding against the trend, and in the first half of this year, it announced a plan to build a factory of 10 billion US dollars.

I'm curious what you think about from an entrepreneur's point of view?

Judging from the results of half a year, Xinxin Technology seems to be living well, and it is living well in the dismal situation of its peers. ”

Zhou Xin replied: "Xinxin Technology has not achieved profitability, we have been losing money, including tens of billions of dollars of investment, I only contributed 2 billion, and the other $8 billion will be paid by various capital institutions."

So I was under a lot of pressure because I had 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 all kinds of semiconductor companies have been sluggish, but mobile chips have developed rapidly, and mobile phone sales have increased by 45% the year before and 40% last year.

The surge in mobile phone sales has led to the rapid growth of mobile chips, and at the beginning of the establishment of Xinxin Technology, I planned to start with mobile chips. ”

(End of chapter)