Winning the new financial era

Chapter 656 Results
After Reeves’ detailed introduction, those present, mainly Zhang Yida, Xu Xiaoming, and Shen Beipeng, had a detailed understanding of mobile payment in Africa and even the entire financial technology track.

The conclusion is: lending makes money, mobile payment loses money.

However, if you start lending without relying on mobile payment, the accumulation of payment data is not enough, and risk control is very difficult, so you can only choose the route of covering high bad debts with high interest rates.

Zhang Yida turned his head and was about to speak.

Xu Xiaoming spoke first, "What are you waiting for, quickly call Yimin Loan and Yimin Wangjin to start business!

We have also made so many Internet products here, and there will be no shortage of traffic. "

Look, this is the teacher from New Oriental!

However, Zhang Yida felt that what Xu Xiaoming said was very good, and he could let Zhuang Chuguang and Chen Shaojie, the kings of moneylending, come over to investigate.

"Let's introduce the other three apps!" Zhang Yida told Cao Lu.

The other three African CEOs started to introduce the development situation respectively.

Jose, CEO of Boomplay, said: "In March 2015, Boomplay made its debut in Nigeria as a pre-installed music player for TECNO mobile phones under Transsion's brand.

Up to now, Boomplay has more than 4900 million registered users, of which 2200 million are active monthly.

Our music library is as high as 600 million, and has the world's largest online African music library.

At present, it has covered the four major markets in West Africa and East Africa - Nigeria, Ghana, Kenya and Tanzania.

The company's revenue includes subscription fees, content purchases, and advertising. Boomplay's subscription fee is currently $1.8/month, and content purchases are similar to iTunes song purchases.

Our main competitors are Apple Music, Soundwave, France’s streaming Deezer, and Hi-Fi’s Tidal…”

Africans are naturally fond of music. If they are not too poor, it must be a very good track for entrepreneurship.

Even so, the outside world has given Boomplay a valuation of [-] million US dollars.

Resso, a subsidiary of Ruixiang, also has business in Africa, focusing on Egypt, Morocco, Tunisia, South Africa and other countries in North Africa.

This is to avoid competing in the same market with Boomplay, which mainly conducts business in East and West Africa, and to prevent internal consumption of company resources.

"I think Boomplay is developing very well. Have you considered splitting it out for independent financing and going public in the future?"

Shen Beipeng turned his head and asked Zhang Yida in a low voice.

Zhang Yida shook his head and laughed, "We are holding the shares, and this is going to be consolidated."

"Oh, I almost forgot about this."

Shen Beipeng asked again in a low voice: "Why did you fool Zhu Zhaojiang? Let him give you all the music players that come with your mobile phone."

Zhang Yida chuckled, "I actually still want his instant messaging software and app store."

"You're...too ruthless!"

Shen Beipeng clicked his tongue twice, even though he said so, his eyes were full of admiration.

"Let me tell you, the app store can be reserved for Transsion, but instant messaging must be brought over.

With WeChat in hand, Africa’s Internet layout pieces can all come to life. "

Zhang Yida nodded, he naturally knew how arrogant the ecology of WeChat is.

However, there are 54 countries and 7 regions in Africa, with a population of more than 12 billion. Religion, tribal conflicts, terrorism, piracy... All kinds of problems are difficult to integrate, and they are far from being as good as a complete country in China. promote.

It is very difficult, and there is also a lot of room for imagination. Once it is done, this is the African king of the Internet industry.

"Vskit short video has been online for a year, currently has 2000 million registered users and 1200 million monthly active users, and is the largest short video platform in Africa.

The V in our product name stands for Video, which also means victory, and Skit means short and interesting videos.

Vskit has long been at the top of the list of Google Play entertainment app downloads in Nigeria, Kenya, and Ghana.

Vskit currently covers more than 30 countries in East, West and South Africa, including Nigeria, Kenya, Tanzania, Côte d'Ivoire, and South Africa.

Languages ​​include English, French, Swahili, Amharic and many other languages ​​commonly used in the African continent.

Our copyright authorization comes from Boomplay, and the content is mainly about singing and dancing.

This is because African users are more sensitive to this kind of content and have musical talents. Whether it is from the production or consumption level, the entry threshold for this kind of content is relatively low for users.

Because there are almost no MCN institutions in Africa, in order to ensure the output of high-quality content, Vskit has always acted as the role of MCN.

We have a dedicated working group to manage local KOLs.

The company will also regularly hold beauty pageants, catwalks, singing and other competitions to select artists and incubate them into KOLs.

The company is also cooperating with some local YouTube long video studios and artist brokerage companies to assist them in transforming into short video content producers. "

While listening to Vskit CEO Xu Weisong's introduction, Zhang Yida chatted with Shen Beipeng without saying a word.

"Vskit has become popular. Musical.ly doesn't have so many users. How can the two coordinate their competition?"

Zhang Yida also had a bit of a headache for this question, and replied: "At that time, I was busy developing the European, American and Asian markets, and I was afraid that other Chinese teams would come to Africa, so I had to let Vskit occupy a position first.

Now look at it, it is more successful than we expected. "

"How to deal with it? You Rui Xiang stepped forward to buy it out entirely?" Shen Beipeng asked.

"Zhu Zhaojiang is not very willing, and wants to take it easy. The current division is that Vskit is in the black African market, and we are in the white African market.

When I return to China, I will talk to him again, at worst, I will give him some shares of Ruixiang.

Doesn’t Transsion want to be listed on the Science and Technology Innovation Board?Investing in Ruixiang can definitely give them the title of "Sharp Concept Stock", and the stock price will increase several times after listing. "

The "black and white Africa" ​​that Zhang Yida said is actually the Sahara Desert as the dividing line. The southern region is mainly black Africa, and the northern region is the eight North African countries including Egypt and Tunisia, where the people of different races are different. Same, skin tone is much whiter.

"Facing the growing demand of African users for various current affairs information and high-quality content, TransRay launched the information aggregation application Scooper in 2017."

A black man in his 30s stood up and began to introduce the business he was in charge of.

His name is Carey Manton, and he is a Nigerian elite who returned from studying in the UK.

"We are currently providing professional production content of all categories, such as sports, life, current affairs, technology, entertainment, etc., to the vast number of African mobile phone users through the content recommendation engine.

The content sources mainly come from local head media in various countries, as well as Scooper’s own PGC platform, a platform similar to China’s WeChat official account and Toutiao account.

Across common media forms such as text, animation, long and short videos.

After more than two years of operation and accumulation, Scooper currently has 1600 million registered users, and ranks second in the list of Google Play information applications in Nigeria, Egypt, and Kenya, and ranks fifth in Ghana. "

Compared with several other applications, Scooper's results are somewhat lackluster.

So Carey Manton didn't dare to speak too loudly. After the report was over, he secretly took a look at Zhang Yida. Seeing that the big boss had a dark face and didn't speak, he felt a little uneasy.

Zhang Yida turned around on the leather seat, looked at Mandun's dark face, and asked coldly: "Why is this happening?

Vskit was established more than a year later than you, but has more users than you. "

When Manton saw the big boss questioning himself, he was very nervous. He didn't want to lose this decent job.

But because of his dark face, even though his face was burning, Zhang Yida and the others didn't notice anything unusual, and thought that the big brother was calm and composed.

"Because...there are too many illiterates."

Manton boldly said, "People who follow the news must first be able to read, and secondly, they must have good reading habits. Most of these people are middle-class.

And short videos are simple, just swipe up with your finger and you're done.

Because the threshold for using short videos is lower, they attract more users.

Even in China, the number of active users of these short videos on Tiktok is more than twice that of news apps. "

Zhang Yida scratched his forehead. The reason was so strong that no one could find fault with it.

(End of this chapter)