My Age of Investment

  Chapter 179 Advance layout

   "Mr. Breyer, Facebook has signed an "exclusive" agreement with you. Axel can no longer invest in other social networking sites because they are all Facebook competitors."

  Before Xia Jingxing spoke, Old Man John jumped out and fired at Breyer.

  Generally only the venture capital company requires the startup company to sign an exclusive agreement.

   When it came to Facebook, the situation was reversed and Axel was required to sign an exclusive agreement.

  This is also to prevent Axel from investing in competitors and leaking Facebook’s trade secrets.

  After all, this company has a history of “commercial espionage”, so Xia Jingxing cannot be cautious.

   "Mr. Breyer, are you planning to breach the contract?"

  Andrew leaned on the chair, turned the pen in his hand, and looked at this little white face who looked younger than him playfully.

  He is in his thirties this year, and Breyer is over forty years old, but he looks like he is in his early thirties, which makes Andrew very unhappy.

   And Xia Jingxing had greeted him a long time ago, asking him to stare at Breyer to prevent the other party from playing tricks.

  The three managers of Little Dog, Foreign Girl, and Evans also looked at Breyer, with discomfort, doubts, and concerns in their eyes.

  Brayer was very composure. After so much "examination", he smiled and put out his hands, "Didn't I ask you to discuss it?"

  Axel will never do anything against business ethics!

  I said about this, first of all, I want to solicit your opinions, and secondly, I plan to ask Facebook to invest in this social networking site.

   Facebook does not plan to enter the Chinese market in the next few years, but Chinese entrepreneurs will not wait for us to slowly occupy the local market.

  After the birth of Yahoo, three Chinese portals including Sina, Sohu and Netease appeared in China;

  After the birth of eaby and Amazon, eBay and Alibaba appeared in China;

  After Google, Baidu appeared in China;

  After ICQ, OICQ appeared in China, and now it is renamed QQ due to infringement pressure. "

  Brayer glanced at Xia Jingxing, then scanned the others in the room, and continued: “Let’s call this model “CopyinChina” for the time being, and we will copy it in China.

The   Facebook model has also been taken by Chinese entrepreneurs.

  Now in China, every time a period of time has passed, a new SNS website will be announced!

   Facebook’s current focus is on the more valuable North American and European markets. I also think that this is an extremely correct decision!

  But, I think we can do better!

   Invest in China, support a social networking site, and wait until Facebook is free from the North American and European markets, and then use this site as a springboard to enter the Chinese market. "

  As soon as this remark came out, everyone was shocked!

  Old man John and Andrew glanced at each other, without speaking, they all turned their eyes to Xia Jingxing.

   "What website? How much does Axel plan to invest?"

  Xia Jingxing looked at Breyer.

  "UUme, the Chinese name is also called this, and the pronunciation is the same."

  Next, Breyer still spoke Chinese with difficulty, saying every word: "Friend...you...look."

   Isn’t this the website founded by Rao Lei and Liu Jian?

  Xia Jingxing suddenly remembered that in his previous life, Axel and DCM Capital jointly made a one-million-dollar angel investment in Youyoumi.

  In terms of timeline, it is even earlier than Axel’s investment in Facebook in the previous life.

  It was May 2005 that Axel invested in Facebook, but Youyoumi got the investment in early 2004, more than a full year earlier.

  It can be seen that Axel has really worked **** social networking sites.

  Because Rao Lei and Liu Jian are both masters from Stanford, this incident has caused quite a stir among the previous Stanford mainland students.

  Big guys are all clamoring to start a business, all kinds of ideas, making business plans, and some people go to Sandhill Road to find venture capital.

  After the excitement, no one's project was attracted by venture capitalists.

  Xia Jingxing also participated in this lively event. Although he did not successfully get venture capital, he also planted the seeds for many subsequent entrepreneurships.

   Thinking of the past, his eyes were a little complicated, and he said to Breyer: "Vote if you want, Facebook won't join in the fun."

   "Daren!"

  Old man John didn’t understand. After taking a deep look at Xia Jingxing, he asked Breyer, “How much do they want?”

   "Not much, just one million dollars!"

   Breyer smiled and said: “In addition to contacting us, I heard that DCM Capital is also very interested in them.

  If Facebook is willing to invest with us, we will find a way to squeeze out DCM. "

  Brayer looked at Old John with a smile, “The two Chinese founders of Youyoumi have both studied MBAs at Stanford, and they are still students of Mr. Hennessy, and Darren are also alumni.”

  Old man John smiled and said, "Really?"

  For this, old man John is still a little bit happy, Stanford is such a talented person.

   "I heard Mr. Rao say that he and you are still friends and have a good relationship."

  Brayer looked at Xia Jingxing and smiled: "If you invest in them, I believe they will not refuse."

  "The two of them came to America?" Xia Jingxing asked.

  Brayer nodded, “They are looking for money everywhere and they are very busy. I talked to them once and I was very interested in their past resumes and business plans.”

  "Daren, after the $55.55 million in equity financing was received, there was more than $60 million in cash on Facebook's account.

  Hundreds of thousands of dollars to deploy the Chinese market is nothing.

  Even if we lose all money, it doesn’t matter to us. "

  Old man John persuaded with all his heart, "But if Youyoumi succeeds in the Chinese market, for us, the potential benefits will be a hundred times, a thousand times."

   Breyer added with a smile: “In the future, it will be possible to promote Facebook’s acquisition of Youyoumi and win the world’s second largest Internet market in one fell swoop.”

  "Dalun, if you are worried that the two founders of Youyoumi are friends and need to avoid suspicion, I can promise you that you don’t have to worry about it at all. The decision is under the board of directors and you are only responsible for implementation."

  Old man John thinks that the idea proposed by Breyer is simply great, and I don’t know what Darren is hesitating.

   "Okay, let me talk to them first. If they agree, I won't object."

  Xia Jingxing is not entangled anymore. Although Youyoumi was not successful in starting a business, it was successfully sold to Thousand Oaks Group in the end.

Chen Yizhou, the owner of Thousand Oaks Group, is also rich. In 2000, he sold ChinaRen to Sohu for 4.4 million shares of listed companies, which was equivalent to the market value of 30 million US dollars at the time.

   Then the Internet bubble burst, Sohu also fell like a ghost with NetEase.

   When Xia Jingxing first came to the United States to study in the United States the year before, when he bought NetEase stocks, he also took a look at Sohu’s stock price. At that time, it fell to just over $1.4 to $1.5.

  When it sold NetEase shares last year, Sohu's stock price also rose to a little over 30 dollars, which is almost 20 times higher, which is still a bit worse than NetEase.

   Then he could only buy Emico stock, because Sohu stock has no room for upside.

  Facts have also proved that he did not choose the wrong one. Sohu’s stock price is now around $40.

   Compared to six months ago, it has risen by only one-third.

  If Chen Yizhou holds Sohu stock to the present, he will make a lot of money, worth more than 160 million US dollars.

  But Xia Jingxing knew that this was impossible.

  He had heard the gossip about this big brother in his previous life.

  Where did the money come from for the large number of websites like Youyoumi and Schoolnet?

  This tycoon sold Sohu stocks intermittently and bought South African MIH stocks, which is equivalent to holding Penguin indirectly...

  Why don’t you just buy Penguin stocks? I'm probably afraid that everyone will ridicule.

  Fight against Bonima while making money from others.

  (End of this chapter)