Start telling crosstalk from Tingyunxuan

Chapter 258 Growing Pains: WeChat Pay Enters the Market
I'm afraid even Malaysia never imagined that one day it would encounter such an outrageous thing.

Yang Yunsheng's "Shake Hand Mall" is so terrifying that it can be called a half-step Dou Zong powerhouse.

This is clearly a threat to Taobao Mall's leading position.

Even Dongzi and Xiao Ma were forced to rub their heads against the wall in this area.

That brat Yang Yunsheng, using DingTalk to distract me, is he just trying to steal from my house?
Malaysia immediately issued an order to stop users from using Alipay on the Douyin e-commerce platform.

As for breach of contract, so be it, it's just a few million.

Malaysia doesn't care about money anymore. A few million is like a goat farting on a sheep's fart to him—stylish and flamboyant.

"Boss Yang, something bad has happened!"

Yang Yunsheng, who has returned to Beijing, is preparing a crosstalk piece for the Spring Festival Gala.

Rumors have already circulated that the Spring Festival Gala might invite the crosstalk duo Yang Yunsheng and Yan Hexiang.

The standards for entries on the Spring Festival Gala are even stricter than those in the courts, requiring a first review, a second review, and a final review—a third review.

Yang Yunsheng and Yan Hexiang are busy working on the script, trying to satisfy the educational significance of the Spring Festival Gala while also making the crosstalk funny.

While he was working on the script at Tingyunxuan, Zhang Tianyang made a phone call to Yang Yunsheng's cell phone.

Normally, it's Yu Bo who makes this call to himself.

In urgent situations, Zhang Tianyang would bypass Bo and call him.

Yang Yunsheng walked outside Tingyunxuan and asked in confusion, "What's going on?"

Zhang Tianyang explained, "Our payment channels have been cut off by Alibaba. They made it clear that even if it costs them millions, they will not allow us to continue using Alipay."

Yang Yunsheng was not surprised at all when he heard this.

It's a very simple principle: the explosive popularity of Douyin's e-commerce platform is practically undermining Alibaba's core business. It would be strange if they didn't do something about it.

Yang Yunsheng said, "This is normal. Just make them pay compensation. As long as they pay compensation, we will cancel Alipay as a payment method."

Zhang Tianyang hesitated for a moment before saying, "But if we do that, we will lose a lot of users' purchasing power."

Yang Yunsheng understood what Zhang Tianyang meant; he meant that many people had deposited their money in Alipay.

One of the main reasons why money is kept in Alipay is that Alipay's interest rate is higher than that of a bank, and it can be withdrawn and used at any time.

These users will still choose Taobao as their first shopping platform, so Douyin Mall will lose these customers.

However, any company that loses a portion of its distribution channels will experience a period of adjustment.

Once this painful period is over, things will stabilize.

Yang Yunsheng's methods are something that these people cannot yet understand.

Of course, they will also start to analyze the meaning behind Yang Yunsheng's tactics.

Don't think there are no smart people in this world; they just haven't fully utilized their talents.

Seeing that Yang Yunsheng had no further instructions, Zhang Tianyang knew that he didn't care at all about Alibaba canceling its cooperation with Kuai Rui.

But Zhang Tianyang hesitated for a moment before asking, "Mr. Yang, should we consider contacting Tencent's WeChat Pay?"

Yang Yunsheng was very satisfied; Zhang Tianyang had actually thought of this crucial point.

That's right. If you lose Alipay, then you can just choose another reputable company.

This company is WeChat Pay, a subsidiary of Tencent.

WeChat Pay is incredibly popular right now, and Yang Yunsheng knows it will surpass Alipay in the future because of its unparalleled convenience. He then said, "We can try to reach out; after all, the enemy of my enemy is my friend. Although we have some disagreements with Tencent, Douyin is now far ahead of Weishi. In that case, they're no longer our rival in short videos. So, we can actually try to deepen our cooperation. They might be very willing to cooperate with us."

Zhang Tianyang said he understood, and after hanging up the phone, he asked Shao Mingyuan to go to Tencent in Nanshan.

After learning the purpose of this senior executive from Kuai Rui, Tencent did not answer immediately, but instead chose to hold a meeting.

At 4 p.m., they agreed to Kuai Rui's cooperation request.

The reason is simple: Tencent's video business focuses on long-form videos, while Kuai Rui specializes in short-form videos. The two companies can engage in in-depth cooperation, which can also boost Tencent's long-form video business.

In addition, the competition among them is not as fierce as it used to be.

And they would like to see Kuai Rui and Ali go head-to-head.

However, they also stated that if they were to cooperate with Kuai Rui, they would need to reduce the exclusive distribution rights for League of Legends from five years to two years.

Upon learning this, Yang Yunsheng immediately expressed his disagreement.

Although they didn't yet know the game's specific value, they could glean some information from Kuai Rui's emphasis on it: the game was extremely important to Kuai Rui.

Yang Yunsheng's reason for disagreeing was very simple.

That means Honor of Kings hadn't been released yet, and PUBG was only in its early stages.

If the exclusive agency rights are reduced from five years to two years now, Yang Yunsheng will lose a lot of money.

Furthermore, it will sow the seeds of serious problems for the upcoming release of the game.

Honor of Kings is a mobile MOBA game that was originally modeled after League of Legends.

If the exclusive distribution rights are returned to Tencent, then Honor of Kings will face enormous controversy.

Furthermore, if Tencent reclaims the exclusive distribution rights, they can also develop similar mobile games.

Don't forget how his games, QQ Three Kingdoms, QQ Speed, and QQ Dance, came about.

In this area, even if Nintendo came to Nanshan, it wouldn't be a match for Tencent.

Besides, even if I don't agree, they will still agree to cooperate.

The essence of a businessman is to pursue profit.

A commercial company is like a small country.

I can hit you today, and I can team up with you to hit someone else tomorrow.

A successful company must learn not only to cooperate with its competitors, but also with companies that outsiders perceive as enemies.

However, Tencent has made it clear that if the exclusive agency agreement for League of Legends is not shortened from five years to two years, the rental price for WeChat Pay will increase by 30%.

The loan period cannot exceed two years.

If Kuai Rui still wants to use WeChat Pay two years later, the price will be different.

Yang Yunsheng agreed with this point.

The departure of Alipay from Alibaba has caused a period of growing pains for Kuai Rui.

However, WeChat Pay's entry into the market allowed it to be perfectly avoided.

As for whether Kuai Rui should develop its own payment system, there is absolutely no need for it.

In five years, whether it's Alipay or WeChat Pay, they'll be begging you to use them!
(End of this chapter)