My Age of Investment

"What concerns?"

Xia Jingxing asked a question first, and then felt that his question was a bit redundant. As far as the relationship between Eagle Sauce and Mao Xiong was concerned, people all over the world knew about it.

Of course, not only for political reasons, but also for Mao Xiong's business environment.

Polar bears hate oligarchs. After they came to power, in addition to cleaning up oligarchs, they imposed strict controls on all walks of life, including the Internet.

In fact, Mao Xiong inherited most of the foundation of the alliance, the science education system is very solid, and Russian programmers are also famous in the world.

Therefore, despite the bad business environment and the economic downturn, which has led to the continuous loss of talents, the Internet is still developing well in Russia with its high-quality population.

The US Internet giants are invincible in the global siege. Only two countries have resisted this offensive, one is China and the other is Russia.

The local Russian search giant Yandex has been pressing Google, and the local social giants VK and OK are also better than Facebook.

In addition to political, demographic, technological power reasons, this is also related to the late entry of American companies into the Russian market.

In the previous life, Facebook did not officially enter Russia until 2010.

At that time, the social networking sites VK and OK that copied Facebook in Russia had already developed and had tens of millions of users.

It is worth mentioning that the founder of VK is the same age as Xia Jingxing and Xiao Mazi. As soon as he graduated from college, he copied Facebook, started a business, and then quickly reached the peak of his life.

Just when he was about to hit the richest man, because social networking sites were involved in politics, he was forced to sell the company, left Russia, and went abroad to start an Internet company with a valuation of 6 billion US dollars...

Therefore, Xia Jingxing always felt that there was a big problem with Maoxiong's business environment, and that business and politics were very close, and he couldn't avoid it if he wanted to.

"We are afraid of getting into a political quagmire, and Russia controls the Internet very well, and the main thing is that there are no people involved..."

Yang Niu expressed her concerns. Basically, no country does not buy American companies to expand their business to other places, with the exception of Russia.

Owen nodded, "Yes, I have a friend who went there to do business,

The government is too corrupt..."

Americans naturally wear tinted glasses when they see hairy bears.

Xia Jingxing found it interesting listening to the two Americans complaining about the bears.

He thought about it carefully, in addition to some exaggerations, a large part of what the two said was true.

In the previous life, Facebook entered Russia also because it accepted the capital injection from DST Digital Sky Technology Investment Group.

And the big man behind DST is very close to the man in charge of Mao Xiong.

At present, Facebook is just a start-up company, and it does not know any big man of Mao Xiong at all.

If you rashly go to Russia to do business, the situation is a bit hard to say, and it will be troublesome if you are made troublesome and involved in politics.

Of course, politics is always unavoidable, but after a certain size, the room for maneuvering will be much larger.

Xia Jingxing tapped the table with his fingers. If he didn't enter now, it would be difficult when the local social network in Russia developed.

In the previous life, Xiao Mazi directly chose to avoid it, and only officially entered after he became bigger and had funds and connections.

And he, is he going to go the old way of Xiao Mazi?

Xia Jingxing was thinking quietly, and several executives did not make a sound to disturb him.

After several minutes passed, Xia Jingxing said, "Let's put this topic on hold for a while. Let's talk about business development in Europe now!"

Both Owen and Yang Niu thought that Xia Jingxing had given up on the idea of ​​the Russian market. They did not talk much about this topic and started to talk about the expansion of the European market.

"I think it's time to set up a branch in Europe."

Owen said, "Facebook and YouTube are basically household names in the United States, and the growth of users has gradually slowed down.

The European market still has great potential to tap, and it is very necessary to set up an overseas branch.

Local talents are the ones who understand the domestic market best, which is more beneficial to our subsequent promotion work. "

"It takes a lot of money to set up an overseas branch, right?" Yang Niu asked.

"Of course, that's for sure. But these are the money that should be spent. After spending it, it can help Facebook take root in Europe and turn it into a company's strength..."

As CFO, Irving has always had a tight grip on the purse.

But now when it is time to spend money, he will not be soft-hearted, and insists on setting up overseas branches.

Xia Jingxing agreed with Owen's point of view and said, "You are right, it is time to focus on overseas markets."

"But the company's funds are running out of money now."

Yang Niu frowned, "Otherwise, we will take this step after the B round of financing is completed."

This is more stable and makes sense. Owen nodded, looked at Xia Jingxing, and let the latter decide.

"Don't worry about funding. Soon we will negotiate with Microsoft about financing, and the advertising system will be launched soon, and we have signed a $300 million advertising contract with Microsoft."

Xia Jingxing shrugged and said, "If you are still worried about the funding issue, then ordinary startup companies will not be able to survive.

Set up the European branch first, let Microsoft see the potential of Facebook, and facilitate the subsequent financing negotiations. "

"OK then!"

Yang Niu did not object, and asked where the branch office should be located.

"London is the first choice, of course, we are the first to enter the UK market, and Facebook has the most users in that country."

Yang Niu, Owen and other executives nodded and unanimously passed the resolution.

…………

…………

After the executives reached an agreement, Xia Jingxing held a board meeting on the matter of "establishing a European branch".

The shareholders still supported and trusted Xia Jingxing, and the resolution was passed very smoothly.

After the meeting, Xia Jingxing left Blayer alone.

Blayer asked with a smile, "What are you looking for from me?"

"I want you to help me contact an investment institution."

Blayer asked, "Who is it?"

"A Russian venture capital firm called DST and their founder is Yuri Milner."

Blayer frowned, "Russian investment institutions? You want to take their money?

Darren, I advise you, it's better to dismiss this idea. "

"Why? Is there a problem with their money?"

Xia Jingxing almost guessed the reason, but still pretended to be stupid.

Breyer didn't say it explicitly, shrugged and said, "I've never heard of any Silicon Valley company that has accepted investment from Russia. Do you want to make a splash?"

"Breaking the norm, sounds like a good idea."

Breyer sighed and decided to give Xia Jingxing some advice.

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