My Age of Investment

"Darren, Vision Capital and dst are not competitors. I think we can strengthen cooperation!"

The bald man Yuri looked at Xia Jingxing with a sincere expression, and stated his intention straightforwardly without any concealment.

Xia Jingxing sat on the chair with his legs crossed and started chatting, "Yuri, aren't we cooperating now?

dst Digital Sky Technology is one of the top ten shareholders of Facebook and helped Facebook enter the furry bear market. "

Yuri Milner sighed slightly in his heart. He felt that Xia Jingxing was too realistic.

A few years ago, in order to enter the bear market, we agreed to dst's investment in Facebook.

Now that the use value has been squeezed out, they are immediately thrown aside like a rag.

The plan of “acquiring Facebook employee options and helping employees open up cash-out exit channels” was first proposed by dst.

Then it quickly became Envision Capital’s plan.

Yuri Milner couldn't stop the deal, and couldn't even show his displeasure because Xia Jingxing was Facebook's founding majority shareholder.

Although he has officially withdrawn from Facebook's management, he still maintains a great influence on Facebook secretly.

Yuri was fully aware of this, and he said with a smile on his face: "Dylan, I mean deeper cooperation."

Xia Jingxing glanced at Yuri with some suspicion. The Russian Jew always maintained a sincere smile on his face, which was very paralyzing and made people easily give up their guard.

However, Xia Jingxing was secretly wary, wouldn't it be because Vision Capital intercepted Hudst that this guy had a grudge and wanted to dig a hole to bury him?

Xia Jingxing did not flinch. Instead, he pretended to be interested and said, "Tell me, how about a deep cooperation method?"

"More than two years ago, Mao Xiong relaxed restrictions on foreign investment and Naspers invested in the group. You must have heard about this, right?"

Hearing this, Xia Jingxing's expression gradually became serious.

Naspers is the South African newspaper industry, and its subsidiary mih Millard International Holdings invested in Penguin.

In other words, Penguin is still related to the group.

The group is the largest Internet company in Maoxiong. Its businesses include portals, emails, social networks, instant messaging, online games, search engines, e-commerce...

Its many businesses are like a hodgepodge, which can be regarded as the Mao Xiong version of BAT, and it is a combination of three companies.

The oligarchic economy is more popular in Mao Xiong, and the Internet is no exception.

During the Internet bubble, it was hit hard and its stock price plummeted.

With the support of Mikhail Khodorkovsky, the richest man in Mao Xiong and one of the seven oligarchs, Yuri Milner acquired the group.

Nowadays, in addition to its Internet business, the group has also spun out the investment company digital sky technologies.

At present, in addition to being the CEO of the group and an Internet entrepreneur, Yuri also has the identity of a venture capitalist.

In this regard, he is quite similar to Xia Jingxing.

Seeing Xia Jingxing's serious expression, Yuri smiled and spread his hands, "Darren, South African Newspaper is South African Newspaper, dst is dst, we are two companies.

Although South African newspapers hold 30% of the group's shares and are our second largest shareholder, they will not interfere in our decision-making.

The institutions that invested in us at the time, along with the South African newspaper industry, were Tiger Management and Goldman Sachs.

This is just a normal financial investment. Obtaining the help of foreign shareholders can pave the way for the group to enter Maoxiong's overseas capital market.

If you have worked on the Internet in China, you should know this. If you want to achieve overseas listing, you must give these financial giants a share of the pie. "Guli

Xia Jingxing nodded lightly, "I understand! But I don't understand that the group or dst has invested in vkontakte and the two largest social networks in the country."

Yuri Milner explained calmly: "Darren, I explained this to Kristina, dst is willing to invest in all high-quality Internet companies around the world, and we do not require preferred shares or board seats. He does not interfere in the management of the company and is a true financial investor.

If you compete with vkontakte and vkontakte, we will not help each other! "

Xia Jingxing smiled. In fact, buying a track is not exclusive to Sequoia. DST does the same thing.

It not only invested in many Internet companies in the United States and Russia in the social network market, but also invested in Ali and Jingxi in China. Pinxixi also had the opportunity to invest in Series B, but because the growth data was too fast, Yuri was directly scared away.

Brother Xi is not angry at all with Yuri's behavior of "taking sides". Instead, he thinks Yuri is a very good investor.

It can be seen from this that this guy has a good way of dealing with interpersonal relationships.

In his previous life, this guy used his group to attract investment from South African newspapers and Goldman Sachs, and then took the opportunity to build relationships and expand business in China and the United States respectively. Goldman Sachs introduced dst to invest in Facebook, and South African newspapers introduced Penguin to become a shareholder. group……

Then relying on this ever-expanding capital circle, dst's investment tentacles have extended to various countries and regions around the world.

At its peak, in the field of food delivery alone, it invested in seven of the world's largest food delivery platforms, including Meituan in China, Doordash and Instacart in the United States, Wolt in Finland, Deliveroo in the United Kingdom, Swiggy in India, and Rappi in Latin America.

Because the limelight was so strong, Yuri and Chelsea's Abramovich were successfully selected into the Ministry of Finance's watch list.

There are more than 200 Kremlin-linked tycoons and oligarchs on that list.

Xia Jingxing had doubts about the source of dst's funds a few years ago, because the LP who provided funds for the fund was probably a certain oligarch.

However, he believes that there should be no major events in the next ten years. Now Goldman Sachs and Tiger Management are doing business with Mao Xiong.

Facebook originally received a total investment of US$200 million from dst. After the listing, these shares should have been sold.

If dst intends to hold these stocks for a long time, if Yingjiang and Mao Xiong suddenly get into a fight and confiscate their property, then it will be none of his business.

He just needs to mind his own business, sell what needs to be sold, and throw away what needs to be sold.

Xia Jingxing said calmly: "Let's not talk about the Mao Xiong market for now. Facebook is mainly focusing on the English market. Compared with the two local social networks, the Russian market does lack some localization features."

Yuri smiled slightly, although Facebook successfully entered the plush bear market with their help more than three years ago.

However, several local social networks imitating Facebook were soon born, and they mainly focused on the furry bear market.

Among them, the most outstanding websites are vkontakte and vkontakte. These two startups have developed in just two or three years, and each has tens of millions of users in the bear market.

You know, the total population of Mao Xiong is only over 100 million, and the number of Internet users is even less, less than 100 million, of which about half are users of these two Mao Xiong local social networks.

Facebook’s number of users in the furry bear market is only slightly more than that of the two companies, and its leading position is in jeopardy.

"Let's talk about the Chinese market. You should be aware of the bad relationship between Facebook and domestic holding groups and Penguin."

Xia Jingxing counted on his fingers: "Vision Capital is a shareholder of Facebook and Overseas Holdings, and Facebook itself holds nearly 16 points of equity in Overseas Holdings.

The South African newspaper industry holds more than 30% of Penguin's equity and 30% of dst, which in turn holds nearly two points of Facebook's equity.

This relationship is really messy! It is equivalent to the fact that South African newspapers also indirectly hold a few tenths of a share of each of Facebook and Overseas Holdings. "

Yuri patiently listened to Xia Jingxing's complaints and said with a smile: "What does it matter? It shows that the global social network is one family! Everyone is his own."

Xia Jingxing sneered and said, "You're beaten to a bloody head, and you're still one of our own?"

"Then Darren, do you want to truly become a family and become a veritable social king of the East and the West?"

:,!