My Age of Investment

  Chapter 303 Can't eat meat to the mouth

  Xia Jingxing’s winking eyes were all seen by the blind man, and Wang Wei kept silent.

  This made Xia Jingxing a little irritable. He analyzed it a little and guessed that the other party might have misunderstood his arrival.

   "Facebook invested in a social network called Youyoumi in China, have you heard of it?"

  Wang Wei nodded, “I’ve heard that at that time, the domestic media reported that Youyoumi had received millions of dollars in angel round investment.”

  Xia Jingxing smiled lightly, start-up companies are all virtuous, one million dollars in financing, like to announce millions of dollars;

  Millions of dollars of investment, like to announce nearly 10 million dollars;

  Sometimes the unit of USD is converted into RMB.

   One purpose is to make the financing amount look a little bigger, and play a better publicity and momentum effect.

  Xia Jingxing said: "As their counterparts on Facebook, Facebook dares to invest in them, do you know why?"

  Wang Wei shook his head. He was also very puzzled. Isn’t Youyou Mi not afraid of leaking core secrets to potential competitors?

  In order to invest a mere million dollars, as for the whole thing?

Xia Jingxing explained, "This is because we have reached some agreements with them."

  Wang Wei came to be interested, and asked: "What agreement?"

  " Facebook will not enter the Chinese market in recent years, and will not form a competitive relationship with Youyoumi.

  This is because outside China, there are six continents markets including North America, Europe, and Asia.

  Occupying developed regions and countries first is our highest priority.

  If Facebook enters China a few years later, Youyoumi should also grow up.

  At that time, Facebook will not be a threat to Youyoumi. The high probability is that everyone sits down and talks. Cooperation is better than competition. "

  Xia Jingxing paused and continued: “In addition to Facebook and YouTube, I also have a company called Envision Capital, which covers venture capital funds.

  This fund has invested in startups such as LinkedIn, Tesla, Ganji.com, and Frame Media. "

  Wang Wei was surprised: "Apart from starting a business, are you still doing venture capital?"

   "Yes, I think this is a very interesting thing. I find companies with potential, invest in them, and help them grow. Let's ring the bell together."

  Xia Jingxing knew that Wang Wei might be worried that Tudou would be controlled by YouTube if he accepted his investment.

  This is also a drawback brought about by starting a business and investing at the same time, and identity positioning is doubtful.

  For him to be an entrepreneur, facing the investment from his peers, I am afraid that he has to carefully consider it.

  Xia Jingxing guessed right, Wang Wei probably does have concerns in this regard.

Shortly after   Tubing went online last year, Wang Wei noticed such a website. Before starting his own business, he also studied tubing specifically.

  Xia Jingxing suddenly visited the door today. He thought that his plagiarism plan had been known to the owner, so he came to the door to ask for an explanation, and he was shocked.

  Previous life Wang Wei founded Tudou, which was inspired by the photo social networking site Flickr.

  He thought about converting pictures into videos, so that users could share their own videos on the website, just as easy and fast as sharing photos.

  In this life, the early appearance of tubing allowed Wang Wei to see a clearer model and more mature creativity.

  This made him think less, but it also put a psychological burden on him and felt that he had copied the tubing.

  He understood what Xia Jingxing meant. He wanted to use Vision Capital to invest in them, rather than using Facebook or YouTube as the main investment entity.

   But even so, some things are still unavoidable. Xia Jingxing is also a shareholder of Vision Capital and Oil Pipeline.

  There is no essential difference between accepting oil pipeline investment and accepting investment from Vision Capital.

  For the oil pipe, he always has a kind of vigilance, even fear.

  Wang Wei made up his mind. For safety's sake, it is better not to accept the investment of Vision Capital, so he expressed his intentions euphemistically.

   "Actually, I worked for a few years before and saved some savings. At present, our website is not yet online, so I don't need to rush to raise funds for the time being."

  Xia Jingxing frowned, are you so vigilant? Have you been taken advantage of by your ex-wife?

  He did not easily abandon the idea of ​​investing in Tudou because of Wang Wei’s tactful refusal. He simply said: “Tubing will not enter the Chinese market in the future!”

  Wang Wei didn’t believe it, and said with a smile: “Now that Microsoft, Yahoo, Amazon, Google, and Eaby are all entering the Chinese market, Youtube directly abandons the Chinese market?

  Even if you agree, investors will not agree! "

  Xia Jingxing shrugged, no one believed the truth.

  In fact, it is normal to be misunderstood by the other party.

  Currently, the American Internet giants have not been beaten by the iron fist of socialism, and they are racing in the Chinese market.

  He said that abandoning the Chinese market directly does not conform to the current logic.

  In a few years, he will not need to explain too much, and everyone will understand.

  Xia Jingxing smiled, changed her words and said: "The future is hard to say, but at least it will not consider entering the Chinese market in the past three years.

  This is the same as Facebook, there are more valuable regions and countries waiting to be occupied by YouTube.

   Facebook and YouTube have not yet reached the growth ceiling, and there are too many markets for us to choose from. "

  Wang Wei nodded and said nothing.

  Xia Jingxing watched the other party’s reaction, and should still doubt himself, so he quickly thought about the countermeasures in his heart.

  Zhang Chenguang sat beside him like a sculpture, motionless.

  For a while, no one spoke, and the atmosphere in the whole room began to become awkward.

  It didn’t take long for Xia Jingxing to break the embarrassment and ask: "Your website should be online soon, right?"

   "Yes, soon, it will be online at the end of the month."

  There is nothing to hide, Wang Wei said generously.

  Xia Jingxing remembers that Tudou.com was only launched in April in the previous life. It seems that Tudou.com was also launched two months ahead of schedule because of the early appearance of oil pipes.

  He continued to ask: "What about after going online? Have you considered how to do growth? And the terrible consumption of bandwidth resources?"

  Wang smiled and said: “I have worked in foreign capital for a few years, and I have known some investment institutions. As for growth, this can only be done slowly and groping forward.”

  Xia Jingxing knows what the other party has said is true. This is not a grassroots entrepreneur, but a prestigious school plus a resume of a famous enterprise.

  The world's top ten ranked Johns Hopkins University with a master's degree in computer science, the world's second-ranked European Business School MBA, second only to Harvard, and the world's top 500 Bertelsmann Group China Executive President.

  Bertelsmann is a century-old German enterprise, mainly engaged in media businesses such as television, radio, magazines, and book publishing.

  Its business volume in China is very small, and the well-known Bertelsmann China Investment Fund has not yet been established.

  So the gold content of this Chinese CEO is not very high, but it is not too low. When I contact some investment institutions, I am familiar with it. There is absolutely no problem.

  It is precisely because of the good network resources in his hands that Wang Wei dared to refuse Xia Jingxing so without thinking.

  He also knows that Tudou will need a lot of money in the future, but without Envision Capital, their Tudou will not be able to raise funds.

  Xia Jingxing is a little bit painful, and the fat to his mouth is not eaten. This kind of taste is uncomfortable.

  "Do you know AB shares?"

  Wang Wei nodded, "I have been studying and working in the United States for eight years, and I know a little bit."

  "Tudou may wish to use the AB share structure. We don't need voting rights. How about giving you all?"

  (End of this chapter)