Chapter 1236 The global social network is a

   "Daren, Vision Capital and DST are not competitors, I think we can strengthen cooperation!"

  The bald man Yuri looked at Xia Jingxing with sincerity, without making any cover up, he directly stated his intentions.

  Xia Jingxing sat on the chair with Erlang's legs crossed, and squeaked, "Yuri, aren't we currently cooperating?

  DST Digital Sky Technology is one of Facebook's top ten shareholders and also helped Facebook enter the bear market. "

   Yuri Milner sighed slightly in his heart, he felt that Xia Jingxing was too realistic.

  A few years ago, in order to be able to enter the bear market, DST agreed to take a stake in Facebook.

   Now that the use value has been drained, they are immediately thrown aside like a rag.

   "Acquisition of Facebook employee options to help employees open up the exit channel for cash" was first proposed by DST.

   then quickly turned into Vision Capital’s scheme.

   Yuri Milner couldn't stop the deal, and couldn't even show his displeasure, because Xia Jingxing was the founding majority shareholder of Facebook.

  Although he has withdrawn from the management of Facebook, he still maintains a great influence on Facebook secretly.

   Yuri is fully aware of this, he said with a smile on his face: "Daren, I mean deeper cooperation."

  Xia Jingxing glanced at Yuri suspiciously. This Russian Jew always had a sincere smile on his face, which was very paralyzing and easily made people give up their guard.

   However, Xia Jingxing was secretly vigilant, it wasn't because Envision Capital cut Hu DST that this guy held a grudge and wanted to dig a hole to bury himself, right?

  Xia Jingxing did not flinch, instead he pretended to be interested and said, "Tell me, what is the deep cooperation method?"

   "More than two years ago, Mao Xiong released restrictions on foreign investment, and Naspers invested in Mail.ru Group. You should have heard about this, right?"

   Hearing this, Xia Jingxing's expression gradually became serious.

  Naspers is the South African newspaper industry, and its subsidiary MIH Millard International Holdings Group invested in Penguin.

   In other words, Penguin is still related to Mail.ru Group.

  Mail.ru Group is Maoxiong's largest Internet company. Its businesses include portal websites, emails, social networks, instant messaging, online games, search engines, e-commerce...

  Its business is like a hodgepodge, it can be regarded as a hairy bear version of BAT, and it is a combination of three companies.

  Mao bear is more popular in oligarchic economy, and the Internet is no exception.

  During the dotcom bubble, Mail.ru was hit hard and its stock price plummeted.

   With the support of Mikhail Khodorkovsky, the richest man in the bear and one of the seven oligarchs, Yuri Milner acquired the Mail.ru group.

  Now, in addition to its Internet business, Mail.ru Group has also spawned an investment company DigitalSkyTechnologies.

   In addition to serving as the CEO of Mail.ru Group, Yuri is an Internet entrepreneur and a venture capitalist.

   On this point, he and Xia Jingxing have a lot of similarities.

   Seeing that Xia Jingxing's expression was a little serious, Yuri spread his hands with a smile, "Daren, South African newspapers are South African newspapers, DST is DST, we are two companies.

  Although the South African newspaper industry holds 30% of Mail.ru Group shares and is our second largest shareholder, they will not interfere in our decision-making.

   Invested in our agency with the South African press at the time, as well as Tiger Fund and Goldman Sachs.

   This is just a normal financial investment. With the help of foreign shareholders, it can pave the way for Mail.ru Group to enter the overseas capital market of Maoxiong.

  You have done the Internet in China, so you should be aware of this. If you want to achieve overseas listing, you must give these financial giants a piece of the pie. "

  Xia Jingxing nodded lightly, "I understand! But Mail.ru Group or DST invested in Vkontakte and Odnoklassniki, the two largest social networks in Maoxiong, so I don't understand."

Yuri Milner explained calmly: "Daren, I explained this to Kristina, DST is willing to invest in all high-quality Internet companies in the world, and we do not ask for preferred shares or directorships, It does not interfere with the management of the enterprise and is a real financial investor.

  If you compete with Vkontakte and Odnoklassniki, we will not help each other! "

  Xia Jingxing smiled. In fact, buying a track is not exclusive to Sequoia. DST also does the same.

  It not only invested in many Internet companies in the United States and Russia in the social network market, but also invested in Ari and Jingxi in China at the same time. Pinxixiben also had the opportunity to invest in the B round, but the growth data was too fast, which directly scared Yuri away.

  Xie Ge was not angry at Yuri's behavior of "standing on both sides", but felt that Yuri was a very good investor.

   It can be seen from this that this guy has a very good way of dealing with interpersonal relationships.

In the previous life, this guy took out the Mail.ru Group to attract investment from the South African newspaper industry and Goldman Sachs, and then took the opportunity to build a relationship, respectively, to do business in China and the United States. Goldman Sachs introduced DST to invest in Facebook, and South African newspaper introduced Penguin takes a stake in Mail.ru Group...

   Then, with this expanding capital circle, DST's investment tentacles have reached all countries and regions around the world.

   At its peak, only in the field of food delivery, it invested in seven global food delivery platforms, Meituan in China, DoorDash and Instacart in the United States, Wolt in Finland, Deliveroo in the United Kingdom, Swiggy in India, and Rappi in Latin America.

  Because the limelight is too strong, Yuri also successfully entered the watch list of the Ministry of Eagle sauce together with Chelsea's Abu.

   On that list, there are more than 200 Kremlin-related hairy bear tycoons and oligarchs.

  Xia Jingxing was very suspicious of the source of DST's funding a few years ago, because the LP that provided the funds to the fund was likely to be an oligarch.

   However, he believes that there should be no major events in the next ten years. Now Goldman Sachs and Tiger Fund are doing business with Mao Xiong.

   Facebook received a total of US$200 million in DST investment. After the listing, these shares should be sold.

   If DST intends to hold these stocks for a long time, in case Eagle-chan and Maoxiong suddenly fight and confiscated their property, then it is none of his business.

   He just needs to take care of his own business, sell what should be sold, and throw away what should be thrown.

  Xia Jingxing said lightly: "Let's not talk about the Maoxiong market. Facebook is still mainly engaged in the English market. Compared with the two local social networks, the Russian market does lack some localized features."

   Yuri smiled slightly, although Facebook successfully entered the bear market with their help more than three years ago.

   But several local social networks that imitated Facebook were soon born, and they mainly focused on the bear market.

   Among them, the best websites are Vkontakte and Odnoklassniki. These two startups have developed tens of millions of users in the wool bear market in just two or three years.

   You must know that the total population of Maoxiong is only more than 100 million. As for the netizens, there are fewer than 100 million people. About half of them are users of the two Maoxiong local social networks.

   And Facebook has only slightly more users in the Maoxiong market than the two companies, and its leading position is in jeopardy.

   "Tell me about the Chinese market, you should be aware of the bad relationship between Facebook and the domestic holding group and Penguin."

  Xia Jingxing counted with his fingers: "Envision Capital is a shareholder of Facebook and the domestic holding group, and Facebook itself also holds nearly 16 points of equity in the domestic holding.

   The South African newspaper industry holds more than 30% of Penguin, 30% of DST, and DST holds nearly two shares of Facebook.

   This relationship is really messy! It is equivalent to the fact that the South African newspaper industry also indirectly holds a few tenths of shares in Facebook and domestic holdings. "

   Yuri patiently listened to Xia Jingxing's complaints, and said with a smile: "What does it matter? It means that the global social network is one family! Everyone is their own."

  Xia Jingxing sneered and said, "He was beaten to death, is he still his own?"

   "Then Daeron, do you want to truly become a family and become a veritable king of Eastern and Western social interaction?"

   (end of this chapter)