After acquiring Wells Fargo Bank, Li Zetian also has his own financing institution, and he can use the bank's funds to develop his career in the future. Many acquisitions in the future will cost billions or tens of billions of dollars at every turn. Without the support of banks, it is difficult to acquire these companies smoothly.
As strong as Li Zetian, the current cash reserve is not much.
"Mr. Li, do you have any other orders?" At this time, Wells Fargo CEO Nick Paul asked.
Li Zetian thought for a while. After so many years in the United States, he found that there are relatively few ATMs, and ATMs between different banks cannot be connected to the Internet. For example, Citibank users cannot withdraw money from Bank of America ATMs, and Bank of America users cannot withdraw money from Citibank ATMs. withdraw money.
This is very inconvenient, but it also means a huge business opportunity!
Li Zetian organized the language in his mind, and then said: "I think Wells Fargo can consider vigorously developing ATMs and establish ATMs all over the United States, such as supermarkets, department stores, movie theaters, commercial streets, stores and other places with high traffic and consumption. In addition, contact other banks to jointly set up an ATM network and unify bank cards, so that customers can engage in financial transactions across banks, making it more convenient for cardholders to use ATMs through networking, and people can use one bank card. Get cash!"
"Mr. Li, we invest a lot of money to build ATMs, and other banks don't need to spend money on ATMs, but they can enjoy the benefits. Isn't it too cheap for them?" asked a Wells Fargo executive.
Li Zetian smiled lightly: "If users of other banks make inter-bank withdrawals or transfers at Wells Fargo's ATMs, we all need to charge a portion of the surcharge! In addition, we can also charge a portion of the surcharge for withdrawals in other places."
Wells Fargo CEO Nick Paul's eyes lit up immediately and said excitedly: "Mr. Li, your trick is really good! In this way, users of other banks also indirectly become users of Wells Fargo Bank, and the surcharge alone is not enough. We can make a lot of money. Plus, because of this surcharge, it will greatly facilitate the conversion of users into Wells Fargo depositors, because then they can withdraw money from our ATMs without the additional surcharge At the same time, through the ATM, you can also promote the brand of Wells Fargo Bank, build a reputation, and let more people become our users!
In addition, the US Supreme Court ruled that ATMs are not branches of banks! If ATM stands for branch of a bank, then regulations restricting the opening of branches across states will limit the further development of ATMs, in other words, we have no restrictions on opening ATMs across the country, creating countless profitable sites! ! ! "
Li Zetian nodded with a smile and said with a smile: "Well, what Nick Paul said is similar to what he meant, so investing in the establishment of ATMs will be a key project of Wells Fargo! As far as I know, Citibank has done a good job in ATMs. That's great. Do you remember back in 1978, a blizzard covered New York too?"
Li Zetian paused for a while, before waiting for everyone to answer, he continued, "At that time, the snowstorm was so heavy that road traffic became extremely difficult, and many banks and shops had to close their doors. Citibank released an advertisement at the right time: New York in the picture. Citizens struggled before the snowstorm, came to Citibank's ATM, and took out cash. After the screen, a famous advertising slogan: 'Citibank never rests' appeared. The snowstorm suddenly increased Citibank's ATM usage. Citibank’s ATM service gradually became popular. By 1981, Citibank’s deposit share in New York even doubled!!!”
Everyone present knew about this, and when they heard the words, they could not help but nod their heads. At the same time, Li Zetian established an excellent image and high prestige in their minds. Get the brushes!
Under the respectful eyes of everyone, Li Zetian left. Regardless of what he said, he was not familiar with banking business. In addition, he is also afraid of talking too much and affecting the decision-making of Wells Fargo management.
…
On February 1, Nintendo's FC game console was officially released in Japan.
The president Yamauchi paid great attention to the release of FC and came to Akihabara in person.
"President, the Flamingo Company is really deceiving people. It threatens third-party game developers not to develop games for Nintendo, and it is shameless. It is a high-sounding statement that a game company can develop three games a year. , the quality of the game cannot be guaranteed, and I am afraid that it will not pass the review of Flamingo Company. Humph, this is not a threat or a threat?! Who knows that according to the requirements of the royalty system, except for the subsidiaries of Flamingo Company, other game companies Only three new games can be released on the Flamingo-1 console platform, and they are all exclusive games and cannot be released on other game platforms. If a third-party game development company also intends to develop games for Nintendo, the number of games developed If there are more than 3, it will be rejected by Flamingo on the pretext of poor game quality!" an employee said angrily.
Yamauchi was silent, staring at the shops on both sides of Akihabara.
The Flamingo Company's suppression of the Nintendo FC game console was long in his expectation. If it were him, he would also suppress his competitors mercilessly.
At present, whether FC can break out of the siege and win the support of third-party game developers depends on today's sales!
Flamingo's royalty system has long made many game developers complain, but they are inseparable from Flamingo. If the sales of FC seems to be good, it will surely make some game developers consider developing games on the FC console platform.
As the saying goes, "It's better to be the head of a chicken than the queen of a cow."
For some companies, the Flamingo-1 game console platform is not successful, but on the FC game console platform, if they can get Nintendo's publicity and help, maybe the sales will be higher. In addition, Nintendo's conditions will not be as harsh as Flamingo's.
Flamingo is simply exploiting them!
In fact, how do they know that Li Zetian's good intentions, it is only with the royalty system that the quality of the game can be guaranteed. Game development companies will strive to make the game the best it can be. Because they know that under the condition that the number of game development is limited, the better the game quality, the more money can be made!
Nintendo has developed games in Japan for many years, and still has a group of fans. That morning, Akihabara welcomed a large number of players, which seemed very lively.
"President, there are quite a lot of people!" The people around Pu Yamauchi said happily.
Yamauchi nodded and said in a low voice: "The price of FC is 250,000 yen (100 US dollars), while the price of the Flamingo-1 game console is 375,000 yen (150 US dollars). FC is not only in the game console's price. The performance exceeds the Flamingo-1, and the price is 125,000 yen cheaper. The only thing that FC can't compare to the Flamingo-1 is that there are too few games on this platform, and we, Nintendo alone, can't develop it. Too many games!"
This time, Nintendo has made a lot of money. FC is sold at almost cost price, hoping to grab the market through a low-price strategy, and then make money through game cards. From a strategic point of view, there is no problem, and it is very correct, but Nintendo does not have the deep capital. Such a large company has so many mouths to eat, and if the product does not make money, it means that the company faces losses every day. If the sales of game cartridges are not good, it is difficult for Nintendo to maintain.
Li Zetian first learned about Nintendo's release, and frowned, "Nintendo wants to fight a price war with Flamingo? Well, let's stay with you to the end!"
Afterwards, Li Zetian picked up the phone and contacted Nolan Bushnell, CEO of Flamingo Company. He first asked about the second-generation Flamingo game console: "Bushnell, the developer of the Flamingo-2 game console. How's it going?"
"Three-quarters of the way through, should be in time for the Christmas sale this December!"
"Well, that's great!" Li Zetian was overjoyed and said, "Since the second-generation product is about to come out, let's start a big price cut for the Flamingo-1, on the one hand to grab more users, on the other hand, by the way. Block the development of other companies!"
"Okay, I understand! Nintendo officially released FC today, the price is 250,000 yen, then, Mr. Li, the price of Flamingo-1 has dropped to 200,000 yen, what do you think?"
"Can!"
As soon as the conversation was over, at noon that day, Flamingo announced that the price of Flamingo-1 had dropped to 200,000 yen.
Yamauchi Pu received the news for the first time, and his face suddenly turned pale.
After a while, Ye Qiuyuan's inquirer heard news that FC sales suddenly declined, and many users who originally bought FC bought Flamingo-1 instead.
"President, do we want to reduce the price?" a young assistant asked.
As soon as the words fell, they were immediately opposed by some people.
"FC was just released this morning, and suddenly the price dropped in the afternoon. What did you make the previous users think?"
"Yeah, you can't drop the price easily!"
"However, Flamingo-1 has an advantage in the first place, and now the price is lower than FC, customers are going to buy Flamingo-1. We are working hard these days to promote and attract people to the store, isn't it for the fire Flamingo-1 as a wedding dress?"
Yamauchi Pu was silent for a long time, waved his hand to interrupt everyone's quarrel, and said solemnly: "It is absolutely impossible to reduce the price, and changing the order will cause great damage to the company's reputation!"
"President, what should we do? We can't just sit back and watch, right?"
Yamauchi Pu said solemnly: "There is no need to reduce the price, but we can change the method, such as giving users two game cartridges for free, and the previous users can come and receive two game cartridges at any time!"
When everyone heard this, they all said that this method is good.
At this time, Yamauchi Pu's voice increased a few decibels and said loudly: "Now, many third-party game developers are watching us, we must have extraordinary courage to win this battle!!!"
"Understood, President, then I'll give your order now!" said the assistant.
"Well, let's go!"
Soon, Yamauchi's decision was made.
After hearing the news, Li Zetian couldn't help but the corners of his mouth rose, he laughed playfully, and said to Dongfang Yuqin: "Notify Nolan Bushnell that the Flamingo Company will also give away two game cassettes..."
"Okay, Mr. Li."