My Age of Investment

  Chapter 321 Vision turns to Europe

   "What concerns?"

  Xia Jingxing asked a sentence first, and then felt that his question was a bit redundant. People all over the world know the relationship between Yingjiang and Maoxiong.

  Of course, not just for political reasons, and Mao Xiong’s business environment is not very good.

  Polar bears hate oligarchs. After taking office, apart from cleaning up the oligarchs, they have very 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.

  So, despite the bad business environment and the economic downturn, leading to the constant loss of talents, Russia is still developing well with the quality of its population.

  The American Internet giants are invincible in their global conquests. Only two countries have resisted this offensive. One is China and the other is Russia.

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

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

  Previous life, Facebook did not officially enter Russia until 2010.

  At that time, Russian social networking sites VK and OK, which copied Facebook, 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. Once they graduated from college, they copied Facebook, started a business, and quickly moved to the pinnacle of life.

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

   Therefore, Xia Jingxing always feels that Mao Xiong’s business environment has a big problem, and business and politics are so close that they can’t avoid it.

   "We are afraid of getting into a political quagmire, and Russia also controls the Internet very strongly. The most important thing is that there are no people involved..."

  The foreign girl expressed her concern. Basically, no country does not buy it if American companies expand their business to other places. Russia is the only exception.

  Owen nodded, "Yes, I have a friend who went there to do business, the government is too corrupt..."

  When Americans look at Teddy Bears, they naturally wear colored glasses.

  Xia Jingxing listened to the two Americans complaining about Mao Xiong, and found it interesting.

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

  Previous Facebook’s entry into Russia was also due to the capital injection of DST Digital Sky Technology Investment Group.

  The big figures behind DST and the figures of Mao Xiong in power are very close.

  Currently, Facebook is just a start-up, and it doesn’t even know any big bears.

  If you rush to Russia to start business, the situation is a bit difficult to tell. If you are made things difficult, you will get involved in politics.

  Of course, politics is always unavoidable, but after a certain size, there will be a lot more room for change.

  Xia Jingxing tapped his finger on the desktop. If he does not enter now, it will be difficult to wait for the development of the local social network in Russia.

  In his previous life, Xiao Mazi directly chose to bypass it, and only officially entered after he became larger and had funds and connections.

  And he, do you want to take the old path of Xiao Mazi?

  Xia Jingxing was thinking quietly, and several executives did not say anything to disturb him.

After several minutes passed, Xia Jingxing said: "This topic will be shelved for a while, and I will talk about it later. Now let’s return to business development in Europe!"

  Owen and Yang Niu thought that Xia Jingxing had given up his thoughts on the Russian market. They didn’t talk more about this topic, and began to talk about the expansion of the European market.

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

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

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

  Local talent is the one who knows the domestic market best, which is more beneficial to our next 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 can help Facebook take root in Europe and transform it into company strength..."

  Owen, as the chief financial officer, has always held his pocketbook tightly.

  But now when it's time to spend money, he will never hesitate, and he keeps on suggesting the establishment of an overseas branch.

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

   "But the company has run out of funds in its accounts now."

  The foreign girl frowned, "Well, wait a little bit, wait until the B round of financing is completed, we will do this step again."

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

   “Don’t worry about funding. Soon we will be discussing financing with Microsoft, and the advertising system will be launched soon. We also signed an advertising contract with Microsoft for 300 million US dollars.”

  Xia Jingxing shrugged and said, “If you still worry about funding in this way, then ordinary startups will not be able to survive.

  First set up the European branch, let Microsoft see the potential of Facebook, and facilitate the next financing negotiations. "

"OK then!"

  The foreign girl did not object, and asked where the branch office should be located.

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

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

  …………

  …………

  After the executives reached an agreement, Xia Jingxing convened a board of directors on the issue of "establishing a European branch".

  Shareholders still support and trust Xia Jingxing, and passed the resolution very smoothly.

  After the meeting, Xia Jingxing left Breyer alone.

   Breyer smiled and asked, "What can you do with me?"

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

  Brayer asked, "Who?"

  "A Russian venture capital company named DST, and their founder is Yuri Milner."

   Breyer frowned, "Russian investment institutions? Do you want to take their money?

  Daren, I advise you, it is better to dispel this idea. "

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

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

  Brayer didn’t say it clearly, and shrugged: “I’ve never heard of a Silicon Valley company that has received investment from Russia. Do you come up with the limelight?”

   "Break the routine, it sounds like a great look."

   Breyer sighed and decided to give Xia Jingxing some advice.

  (End of this chapter)