While Steve Case was struggling to expand AOL's business, Wujiang Group was heavily investing in developing multiple websites, including hao123, Alibaba, Amazon, Taobao, IMDb, Rotten Tomatoes, Netflix, Pandora, and Alipay.
In addition, there is the search engine "Baidu".
In the early days of the internet, many people didn't know how to use the internet or remember website addresses. Therefore, website navigation sites like hao123 were extremely popular among internet novices. These sites listed popular websites, and users only needed to remember the hao123 URL to find other websites on the navigation site.
Therefore, besides developing a portal website, the most important task is to develop a website directory. A website directory is essentially a website's entry point, and is extremely important.
However, this website is very simple and doesn't require much technical skill; it can be set up in a day.
In his previous life, the website owner, Li Xingping, developed and operated the "hao123" website all by himself.
It is rumored that Baidu ultimately acquired hao123.com for 50 million yuan in cash and equity. Other media reports claim that Baidu actually spent 11.9 million yuan and 40,000 shares of stock. This highlights the importance of website navigation sites.
Alibaba, Amazon, and Taobao represent three e-commerce models employed by Wujiang Group: B2B, B2C, and C2C. These models represent business-to-business, business-to-consumer, and consumer-to-consumer, respectively.
By creating these three e-commerce websites, Wujiang Group has directly unified the three major e-commerce models, leaving its competitors trembling in fear.
IMDb, Rotten Tomatoes, Flix, and Pandora are four major websites that represent Wujiang Group's important presence in the film and entertainment industry.
It's worth mentioning that, due to internet speed limitations, Zhao Ye currently does not plan to immediately develop an online video website, Flix. The website is currently just an online DVD rental website, primarily targeting the overseas market.
Of these four websites, the one that gave Zhao Ye the most trouble was Pandora.
Due to music copyright issues, the development of the Pandora music website will likely be quite difficult.
Wujiang Group was certainly unwilling to spend huge sums of money to acquire music copyrights. Those European and American music companies were all as greedy as a glutton.
Without a severe beating, they will not sincerely cooperate with Wujiang Group.
As for how to beat them up, of course, it's to have them secretly produce pirated music. As long as Zhao Ye publicly expresses his opposition to "pirated music," people will see the shining points of "pirated music."
In his previous life, American record companies and major pirate music websites engaged in a fierce battle, and their relationship was extremely strained.
Among the many pirated music sites, one music website suddenly supports legitimate music. Isn't that like a crane standing among chickens?
In order to recoup their losses, the record company had no choice but to cooperate with Wujiang Group.
It will likely take several years to see results from the development of the Pandora music website.
In addition, the MP3 player developed by Wujiang Group also needs a legitimate music download channel, which happens to be the Pandora music website.
Of course, for the first-generation MP3 player, Wujiang Group will not restrict users from downloading music from other pirate websites.
This MP3 music player could become a significant bargaining chip for Wujiang Group in negotiations with record companies.
Once the record company agrees to license the music copyrights to the Pandora music website, the MP3 player developed by Wujiang Group will only be able to recognize music downloaded from the Pandora music website.
...
Zhao Ye then arrived at Alipay's development department.
He values Alipay far more than other websites.
All online transactions will use Alipay in the future.
In the early days of e-commerce, the primary payment method was cash on delivery. From a merchant's perspective, this was extremely disadvantageous. Some unscrupulous individuals would ask the website to ship the goods and then refuse delivery without reason, or stage a prank, making the courier make a wasted trip. There were indeed unethical people like that.
In addition, customers are more likely to return goods because they haven't paid, which is not conducive to increasing transaction volume.
Furthermore, if Wujiang Group launches online games in the future, the lack of Alipay will definitely hinder users' motivation to spend money.
In the past, when "Legend of Mir" was all the rage in China, users who wanted to recharge had to buy game cards, which was not very convenient and allowed many internet cafe owners to make a profit from the difference.
Moreover, the game cards themselves also have costs.
As someone who has been through it all, Zhao Ye understands the benefits of online payment very well.
...
"Boss, the biggest challenge in developing Alipay is dealing with the banks. They have to enable online banking and then connect to our Alipay website!" Lei Jun said, looking at Zhao Ye with a mixture of excitement and nervousness.
Although he considered himself a genius and his promotions were rapid after joining Wujiang Group, he never imagined that he would be in full charge of developing the Alipay website at such a young age.
It is said that the boss personally promoted him to be the CEO of Alipay.
Zhao Ye smiled and said to Lei Jun, "I'll handle the banking issues. You just need to focus on developing the website! However, as an online payment method, Alipay's security is of paramount importance! You have development and management experience in this area, and I have high hopes for you. That's why I appointed you as the CEO of Alipay. Don't let me down!"
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