After Reeves’ detailed introduction, those present, mainly Zhang Yida, Xu Xiaoming, and Shen Beipeng, all had a detailed understanding of mobile payment in Africa and even the entire financial technology track.
The conclusion is: you make money by lending, but you lose money by making mobile payments.
However, if you start lending without relying on mobile payment, the payment data is not accumulated 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? Hurry up and call Yimin Dai and Yimin Wangjin to start business!
We have made so many Internet products here, so there will be no shortage of traffic."
Look, this is the teacher from New Oriental!
However, Zhang Yida felt that Xu Xiaoming's words were quite good, and he could ask Zhuang Chuguang, Chen Shaojie and other loan kings to come and inspect it.
"Let's introduce the other three applications!" Zhang Yida asked Cao Lu.
The other three African CEOs began to introduce the development situation.
Jose, CEO of y, said: “In March 2015, y made its debut in Nigeria as a pre-installed music player for TEO mobile phones, a brand owned by Transsion.
Up to now, y has more than 49 million registered users, including 22 million monthly active users.
Our music library has a size of 6 million and has the world's largest online African music library.
It currently covers four major markets in West and East Africa - Nigeria, Ghana, Kenya and Tanzania.
The company's revenue includes subscription fees, content purchases and advertising. Y's subscription fee is currently US$1.8/month, while content purchases are similar to iTunes song purchases.
Our main competitors are Apple Music, Soundwave, French streaming media Deezer, and Tidal, which focuses on high-fidelity..."
Africans are naturally fond of music. If they were not too poor, it would definitely be a very good entrepreneurial track.
Even so, the outside world has given Y a valuation of US$200 million.
Resso, a subsidiary of Ruixiang, also has business in Africa, with its main focus being Egypt, Morocco, Tunisia, South Africa and other countries in North Africa.
This is to avoid competing in the same market with Y, which mainly operates in East and West Africa, and to prevent internal consumption of company resources.
"I think y is developing very well. Have you considered spinning it off to raise funds independently and go 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 have a controlling stake. This needs to be consolidated."
"Oh, I almost forgot about this."
Shen Beipeng asked in a low voice: "How did you fool Zhu Zhaojiang? I asked someone to give you the music player that comes with the phone."
Zhang Yida chuckled, "I actually want his instant messaging software and app store."
"You are... too cruel!"
Shen Beipeng clicked his tongue twice. Although he said this, his eyes were filled with admiration.
"Let me tell you, the app store can be left to Transsion, but instant messaging must be brought over.
With WeChat in hand, Africa, as a chess piece in the Internet layout, can be fully viable.”
Zhang Yida nodded, he naturally knew how arrogant the WeChat ecosystem was.
However, Africa has 54 countries and 7 regions, with a population of more than 1.2 billion. Various problems such as religion, tribal fighting, terrorism, piracy... are very difficult to integrate. It is far from being as good as a complete country like China. Promotion.
It is very difficult, and there is also a lot of room for imagination. Once it is done, this will be the African King of the Internet.
"Vskit short video has been online for a year. It currently has 20 million registered users and 12 million monthly active users. It 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 video.
Vskit has long been at the top of the Google Play entertainment app download rankings in Nigeria, Kenya, and Ghana.
Vskit currently covers more than 30 African countries in the east, west, south and south, including Nigeria, Kenya, Tanzania, Cote d'Ivoire, and South Africa.
Languages include English, French, Swahili, Amharic and many other languages popular on the African continent.
Our copyright authorization comes from y, and the content is mainly singing and dancing.
This is because African users are more sensitive to this type of content and have musical talent. The entry threshold for this type of content is relatively low for users, both in terms of production and consumption.
Because there are almost no M organizations in Africa, in order to ensure the output of high-quality content, Vskit itself has always acted as the M.
We have a dedicated working group to manage local KOLs.
The company also regularly holds beauty pageants, catwalk shows, singing and other competitions to select artists and incubate them into KOLs.
The company is also cooperating with some local YouTube long-form video studios and artist management companies to assist them in transforming into short video content producers."
Zhang Yida was chatting with Shen Beipeng without saying a word while listening to the introduction of Xu Weisong, CEO of Vskit.
"Vskit has become a trend. Musical.ly doesn't have that many users. How can the two coordinate their competitive relationship?"
Zhang Yida also had a headache about this question and replied: "At that time, I was busy exploring the European, American and Asian markets. I was afraid that other Chinese teams would come to Africa, so I had to let Vskit occupy a position first.
Looking at it now, it’s more successful than we expected.”
"How to deal with it? Ruixiang comes forward to fully acquire it?" Shen Beipeng asked.
"Zhu Zhaojiang is not very willing and wants to wait a little longer. The current division is that Vskit is for the black African market and we are for the white African market.
When I return to China, I will talk to him again, and at the worst I can give him some Ruixiang shares.
Doesn't Transsion want to be listed on the Science and Technology Innovation Board? Investing in Ruixiang will definitely give them the title of "Ruixiang Concept Stock" and the stock price will increase several times after listing."
The "black and white Africa" mentioned by Zhang Yida actually uses the Sahara Desert as the dividing line. The southern area is Africa where blacks are the main people, and the northern area is the eight North African countries including Egypt and Tunisia, which are mainly Arabs.
Same, skin color is much whiter.
“Faced with African users’ growing demand for various current affairs information and high-quality content, Chuanrui launched the information aggregation application Scooper in 2017.”
A black man in his thirties stood up and began to introduce the business he was responsible for.
His name is Carey Manton, a Nigerian elite who returned from studying in the UK.
“We are currently providing a full range of professionally produced content on sports, life, current affairs, technology, entertainment, etc. to African mobile phone users through a content recommendation engine.
The content sources mainly come from local leading media in various countries, as well as the ScC platform, a platform similar to China's WeChat public account and Toutiao account.
Across common media forms such as text, animations, long and short videos.
After more than two years of operation and accumulation, Scooper currently has 16 million registered users, ranking second in the Google Play information application list in Nigeria, Egypt, and Kenya, and fifth in Ghana."
Compared with several other applications, Scooper's performance is somewhat lackluster.
Therefore, Carey Manton did not dare to speak too loudly. After the report, he secretly looked at Zhang Yida. Seeing that the big boss had a dark face and did not speak, he felt a little uneasy.
Zhang Yida leaned on the leather seat and turned around, looked at Manton's pitch-black face, and asked coldly: "Why is this happening?
Vskit was established more than a year later than you, but it has more users than you."
Manton was very nervous when he saw his big boss questioning himself. He didn't want to lose this decent job.
But because his face was dark, even though his face was burning, Zhang Yida and others didn't see anything strange, and thought that this big brother was calm and composed.
"Because...there are too many illiterates."
Manton said boldly, "People who follow the news must first be able to read and then have good reading habits. Most of these people are middle class.
Short videos are as simple as swiping your finger upwards and you're done.
Because short videos have lower barriers to use, they attract more users.
Even in China, the number of active users of these short videos on Douyin is more than twice that of news and information applications.”
Zhang Yida scratched his forehead. This reason was so powerful that it made it difficult for people to find fault.