My Age of Investment

"Xiaonei.com is China's leading campus SNS social network. It has covered nearly a thousand colleges and universities in the past half a year, with more than 300,000 registered users, and the average number is still growing at a rate of more than 2,000 per day..."

In the conference room on the 36th floor of the Beijing Merchants Building, Xia Jingxing was lying on an office chair, turning left and right, and casually introduced the development of the Xiaonei network.

"Only more than 300,000 registered users in half a year?"

On the huge electronic screen, the foreign girl's eyes widened with disbelief.

"As I said earlier, the reason why China's SNS is developing slowly may be that the model is not necessarily suitable for the Chinese local market."

Xia Jingxing glanced at Breyer who was wearing a suit and leather shoes on the screen and smiling, "I believe Mr. Breyer has a personal experience of this."

Breyer nodded heavily, "That's right, in that ancient and magical oriental land, portals, e-commerce, and search can all achieve good development, but SNS can't.

The failure of Youyoumi is enough to explain the problem.

Social networks in China can have hundreds of thousands of users, or even millions of users, but it is almost impossible to have tens of millions or tens of millions of users.

Afterwards, I carefully analyzed the reasons and came to several conclusions.

First, China has an instant messaging software QQ, and they launched QZone, which has eroded a large part of the social network market. This kind of bundling makes their users more sticky.

Second, I judge that Chinese Internet users may not be used to that kind of self-expression in social networks. "

Breyer spread his hands, "As we all know, Orientals are reserved.

This kind of subtlety has led to the social network not showing its full charm, and its appeal to users is limited. "

Bill Gates was wearing a red sweater and glasses, smiling and not talking, quietly listening to the discussions of several shareholders of Facebook.

"Daren, what do you mean..."

Yuri Milner was wearing a well-ironed blue shirt, and the top of his bare head shone even more under the light.

Xia Jingxing looked at the four main shareholders of Facebook on the screen, and said with a smile, "Didn't everyone always want Facebook to enter China? I think the time is ripe."

As soon as the words finished, Breyer frowned and asked, "Daren, I remember you used to be very resistant, or you didn't support entering the Chinese market."

"I'm not very supportive now either!"

Xia Jingxing straightened up, stretched his waist, looked at the big screen with a dignified expression, "The reason why I asked you to hold an online video conference today is mainly because I encountered a suitable opportunity."

"Xiaonei is the right opportunity? They only have more than 300,000 users. This number is nothing compared to China's population."

With a hint of a smile in her blue eyes, Christina looked straight at Xia Jingxing.

According to what she knew about Xia Jingxing, this matter might not be that simple.

"Christina is right. The number of users on Xiaonei does not mean anything, and I have not seen particularly large investment or acquisition value."

In Breyer's cognition, Chinese SNS is a pit,

There is a large population, but a potential company like Facebook cannot be born.

Xia Jingxing was relieved when he heard this, and said with a smile: "So, I just said that I don't really support entering the Chinese market!

But China is such a big market, it would be a pity if we just give it up like this, and it would be a bit reconciled.

Now that the operation of the Xiaonei network is difficult, this actually gives us a chance.

It's just that this opportunity can only be called an adventure. If it succeeds, it is of course the best; if it fails, there is not much loss. "

"What is the valuation of Xiaonei?"

Milner nodded. He didn't have much opinion. China is such a big market. It would be a pity not to try it.

"It's not expensive, a few million dollars can do it."

Milner said with a smile: "That's not high, I think you can try."

With Milner taking the lead in expressing his views, Breyer and Yang Niu also expressed their support one after another.

It's only a few million dollars, so it's not worth too much fuss.

Bill Gates finally spoke, "I also support it. China is a promising land. Facebook should not miss out on this emerging Internet hot spot. It should try a few more times."

Seeing that several shareholders agreed, Xia Jingxing brought up another topic.

"For the acquisition initiated by Xiaonei, Vision Capital will also participate."

Breyer was puzzled: "Why? Darren, Facebook is not without money, and it can afford this insignificant loss.

At present, the countries where Facebook has entered, and the local branches are all wholly-owned by Facebook.

This is true even in Russia. Is it necessary to set this precedent in China? "

Milner nodded in agreement, "Yes, this opening cannot be opened casually. As a global social network, Facebook cannot lack the important market of China."

Yang Niu's expression was calm, in fact, she basically guessed Xia Jingxing's purpose in her heart, and she was fooling all the shareholders.

"Daren, just now you took the initiative to propose Facebook to enter the Chinese market, why do you let Envision Capital step in now?"

The cunning Bill Gates straightened his glasses, "As you just said, this is an adventure with a high chance of failure.

Facebook can afford to fail, and you don't have to pull on Vision Capital to spread the risk. "

The old man Gates paused, looked at Xia Jingxing with meaningful eyes, and said slowly: "Unless, you think there is a great chance of success!"

Upon hearing Gates' words, both Breyer and Milner reacted quickly.

Especially Breyer, his eyes kept rolling. He knew that Xia Jingxing never traded at a loss, and there was something strange about this matter inside and out.

Xia Jingxing laughed loudly, "Mr. Gates, you are worrying too much.

Why did I leave Facebook in the first place? I believe you should be very clear about the reason.

Do you think Facebook can wholly acquire Facebook? Even if it is approved by relevant departments, many problems will be encountered in the actual operation process in the future. "

Gates frowned. He had dealt with the government of Rabbit Country a lot, and he knew that although it was opened to the outside world, it was opened in rhythm, order, and industry development.

Among other things, let's talk about the "Great Wall of the Internet", which has been officially opened for several years, which shows that Rabbit Country attaches great importance to and guards against the Internet industry.

"Then how do you want to arrange Darren?" Gates asked.

Xia Jingxing smiled faintly, "Vision Capital will contribute 60%, Facebook will contribute 40%, and we will jointly acquire Xiaonei.

If Xiaonei operates well in the future, we can try to cooperate with Facebook in various aspects. "

Gates shook his head, "It's a little less, I think 50% of one side is better."

Breyer followed behind and echoed, "Yes, Darren, you are the major shareholder of Facebook, holding 51.64% of Facebook's shares. Even if each party holds 50% of Xiaonei. It is still the biggest beneficiary and the ultimate controller.”

Xia Jingxing currently personally holds 31.64% of Facebook shares, and another 20% of the shares have been transferred to a private company registered in the offshore islands, and after layers of nesting, they have been put into the summer fund of funds.

These operations can only paralyze some outsiders. As a shareholder, Breyer knows a lot of inside information.

Xia Jingxing smiled, "Is penetrating equity useful? Facebook is not under my control, ownership and management are separate.

If the two parties each hold 50% of Xiaonei.com's equity, then it is really unclear.

In this way, Vision Capital holds 51% of the shares, and Facebook holds 49% of the shares. In terms of actual rights and interests, the two parties are almost the same.

But in the eyes of the upper class, Xiaonei is still an Internet company controlled by Chinese capital. "

Bill Gates thought for a while, then nodded in agreement.

For a company with a valuation of several million dollars, it is already an exception for him to spend so much time talking.

And he is not very optimistic about the follow-up development of Xiaonei.com.

Since 2003, China's SNS has developed continuously for three years, and no company has made a name for itself, and its valuation is even less than one tenth or a few tenths of Facebook.

As soon as Gates let go, Milner and Breyer did not insist any more, and nodded in agreement with the plan.

Only the foreign girl, with flickering eyes, seemed to see something.

As soon as the video conference was over, she dialed Xia Jingxing's private number.

"Is there something you are hiding from me?"

Xia Jingxing smiled, "Don't put such a big hat on you when you come up, who can be sure to make a fortune in China's SNS?"

"you can!"

The voice on the other end of the phone was firm.

Through these three simple words, Xia Jingxing heard the admiration and confidence that the foreign girl had in him, and he was inevitably a little proud of himself.

"I can only say try, if not, the fame of the first life will be ruined on it."

"I trust you!"

"Since you have said so, then I can only work hard!"

...

The genius remembers the address of this site in one second:. Mobile version reading URL: