Chapter 486
Aaron Swartz reported to Song Yang the performance of PayPal after its launch. Now PayPal is about to become the payment channel for mainstream e-commerce platforms in America.
Compared with payment channels such as mailboxes, bank cards, and credit cards, PayPal is much more convenient and fast. It is enough to open a PayPal account and then transfer the dollar to the PayPal account. Blood is also the place to let Alliance Bank wait to jump!
The e-commerce industry in America is still exploding. In a report published this year on the e-commerce industry in America, it is claimed that the revenue of the B2B e-commerce market in America this year will be as high as US$600 billion, but this It's fine to listen to it, but it's over if you really believe it.
However, compared with the e-commerce industry that has just begun to emerge in overseas regions, eBay, Amazon, and other e-commerce platforms in America have already begun to generate revenue.
"If PayPal can occupy the e-commerce industry in America, then PayPal can get a transaction volume of US$5.3 billion in the e-commerce industry in the next quarter!"
Aaron Swartz said that after eBay entered the e-commerce industry, it quickly estimated the B2C industry, that is, Amazon, eBay, and the future Taobao, Goudong and other industries. The current quarterly e-commerce turnover is At about 5 billion US dollars, the annual e-commerce revenue scale of America is almost more than 20 billion US dollars!
"At present, PayPal's revenue, in addition to the e-commerce industry, comes from users' daily transfers, cross-border transactions, and Enron Online, among which Enron Online accounts for about 30% of PayPal's daily turnover!"
PayPal's vigorous performance is inseparable from the support of Enron Online. Enron Online's energy transactions are extremely active, contributing a lot of turnover to PayPal.
"The next step, PayPal hopes to start cooperation with Federal Airlines, Pacific Railway and other aviation, railway, hotel and other industries, and become their payment channel for online orders!"
Aaron Swartz said that the most important thing for PayPal now is to attract more people, let more people use PayPal, and then cooperate with more industries to make PayPal their online payment channel, even if necessary , PayPal does not mind sending its own development engineers to help airlines, railways, hotels, theaters and other industries develop their own online official websites and the like!
Song Yang listened to the report from Aaron Swartz and a group of PayPal executives. After PayPal went online, it has indeed made great progress, with a continuous influx of users and a continuous increase in daily turnover.
"How much is PayPal losing every day?"
After listening to these reports, Song Yang asked directly, PayPal, which seems to have a lot of glory, is now a money-losing product. It is losing money every day, and the little handling fee it earns is not enough to send new users A lot of dollars.
"From PayPal's launch to the present, PayPal has lost more than 20 million dollars. In the future, with the increase in the cost of acquiring new users, coupled with advertising investment, PayPal is expected to lose more than 100 million dollars before October this year!"
The financial director in charge of PayPal got up at this moment and said, Greck, who attended the meeting together, was stunned for a long time after hearing this before he came back to his senses.
PayPal will lose money, Gleick had thought that, after all, ICQ, America Telecom, Alcatel mobile phone, etc., were all losing money when they first launched, but PayPal could lose so much, which Gleick didn't expect.
Grek looked at Song Yang. Song Yang didn't seem surprised that PayPal lost so much, or he was already mentally prepared.
Song Yang glanced at the chief financial officer, motioning him to continue talking. Seeing Song Yang's eyes, the chief financial officer turned on the projector and released a PPT, "Now PayPal's PMMF currency fund, because the interest rate is higher than that of bank deposits, has attracted many investors. Institutions are starting to store dollars in PMMF funds!"
Looking at the PPT on the projection, even though Gleick doesn't know much about finances, he can see that the income of the PMMF fund is not directly proportional to the expenditure. In order to reduce the risk, the PMMF fund can only buy low-risk products such as federal treasury bonds, but the payment The interest rate to users is higher than that of banks.
In this way, PayPal has become the existence of the wool, "If the scale of the PMMF fund continues to expand, then PayPal will not only be unable to obtain income from the PMMF fund, but will have to bear management costs, interest, etc., and lose money every year. More than ten million dollars!"
"The interest of PMMF funds cannot be lowered, at least not now. We must continue to increase the interest rate to attract more users to put dollars on the PayPal platform!"
Song Yang said directly, coercing the emperor to order the princes, the PMMF fund is the biggest bargaining chip in PayPal's hands, and it will definitely reconcile with Goldman Sachs, Citigroup and other institutions in the future. Take out the biggest chip.
Hearing Song Yang's words, Aaron Swartz and the other senior executives all looked at each other, not knowing what Song Yang was trying to play, and even let PayPal do money-losing business, and he was so happy!
"Song, there are some situations in Silicon Valley now. Several companies have announced the launch of their own electronic payment brands, including dotBank, Billpoint, X.com and other payment brands..."
Aaron Swartz's last words attracted Song Yang's attention, and he raised his eyebrows. Song Yang didn't expect that Brother Ma would appear, "X.com payment company?"
Seeing that Song Yang seemed very interested in X.com, Aaron Swartz took out the materials he had prepared, looked through them, and said, "The founder of X.com is the founder of Zip2 in Silicon Valley, the latter is a An online content publishing company in Silicon Valley, founded by...the Musk brothers!"
After hearing this, Song Yang finally knew what Zip2 is for. It is the model of Dianping plus Gaode map. It puts a store on the website, and then gives the address navigation to guide users to this store. To put it bluntly, it is also selling advertisements. .
"Silicon Valley...Iron Man?" Song Yang couldn't help but whispered with a smile when he heard the name.
"iron Man?"
Aaron Swartz and a group of executives all listened with a dazed expression. They don't know how this has something to do with Marvel. Besides, if they really want to talk about Silicon Valley Iron Man, it must be related to Song Yang who is currently in the office. ? !
Now there are quite a few media in America, who regard Song Yang as the original Howard Hughes, the man who once led the trend of America's generation, he is the prototype of Iron Man, and Song Yang is considered by many media It's the Howard Hughes of the Internet!
"There are rumors that Zip2 is negotiating with Compaq Computer and is looking for an acquisition deal. It is rumored that Compaq Computer has offered a purchase price of 300 million US dollars for Zip2!"
"X.com is likely to become one of PayPal's opponents." Aaron Swartz said cautiously.
In the past few years in Silicon Valley, lucky people will appear every few weeks. There is no doubt that Zip2 has become the new lucky person. After the acquisition is completed, Musk, as the founder, will be worth more than tens of millions of dollars. As for the big head, it must be taken away by venture capital companies, which is also the norm in Silicon Valley.
Those venture capitalists, like hyenas, will find one Internet start-up company after another, like Zip2, give millions of dollars, get a controlling stake in Zip2, and then package and promote it. After selling the company Take the money and leave. As for the founder, a Silicon Valley "rookie" like Musk is powerless to resist. The equity has already been divided up. When he finally leaves, he can get tens of millions of dollars, which is considered good up.
Aaron Swartz is still a bit afraid of X.com. Other payment brands are obviously joining in the fun, but the founder of X.com is familiar with Internet routines, and if Zip2 is sold, it can If you get a good amount of money, you may really challenge PayPal.
But it's just a little bit uneasy, Aaron Swartz has not yet thought that this X.com payment company, and the boss behind it, can challenge PayPal, no more than the boss, PayPal's current Daikin Lord, worth tens of billions of dollars, don't you crush the opponent?
When Song Yang heard Musk's name, he paid a little attention to it, and made Aaron Swartz stare at him a little bit, but now PayPal's opponent is not X.com, but the traditional banks.
"Continue to promote PayPal, not only in America, but also in overseas markets. This year, PayPal will cover mainstream markets around the world."
Song Yang got up and looked towards Aaron Swartz and the others, "Where there is the Internet, there must be PayPal. I need to make PayPal synonymous with online payment!"
After Aaron Swartz and others left, Gleick looked at Song Yang, "PayPal may lose a lot. If this continues, PayPal will have many competitors!"
Greck knows that when it is difficult to stop PayPal from developing directly, those banks will use all kinds of overt and covert methods, and the gang of Wall Street giants will definitely take action.
"PayPal can't stop. If you want PayPal to survive, you must have the strength to force those bank giants back to the negotiating table!"
Song Yang said to Greg, the giants like Goldman Sachs and Citigroup can't take care of PayPal at the moment. If they don't try their best to develop at this time, they won't let PayPal pass by when they finish harvesting the leeks in Southeast Asia and look back. To be so comfortable, during this period, PayPal needs to raise enough chips.
"PayPal plans to build the largest customer service center on the Internet in Houston, which is expected to provide two to three thousand jobs for Houston. Houston Mayor Adrian welcomes this!"
"Bank of Italy announced a cooperation with PayPal, becoming the first bank in Europe to start cooperation with PayPal."
"Eastern Europe has become the fastest growing overseas market for PayPal. Yeadex, the agent of PayPal in Eastern Europe, announced that PayPal's daily transaction volume in Eastern Europe has exceeded the US$10 million mark!"
PayPal is still advancing rapidly, and various news are constantly spreading. Some have improved customer service functions, and some have reached cooperation with new companies. Fill with water.
Silicon Valley and Wall Street seem to be in an eventful year this year, with all kinds of news constantly. When PayPal started to stir up trouble, the technology industry once again heard big melons, and the hearing on Capitol Hill against Microsoft is about to begin!
(end of this chapter)