Chapter 157 Everything is under control

  On December 11, Facebook entered Canada and opened registration to 27 universities including the University of Toronto and McGill University;

  On December 12, Facebook landed in the UK and opened registration to 21 universities including Cambridge University and Oxford University;

  On December 13, Facebook enters Mexico...

  On December 14, enter Australia...

  On December 15th, enter New Zealand...

  ……

  Five days, Facebook entered five countries on three continents: North America, Europe, and Australia.

  The media has paid great attention to this expansion of Facebook.

   Facebook appeared to be very cooperative this time, revealing some details of the expansion to the media, as well as small stories that occurred during the expansion.

  The media is holding a hand of information, and if they get the treasure, they start the crazy report mode.

  "Kelly is a sophomore at the University of Toronto. After she heard that Facebook was open to her school, she immediately registered an account...

  She thought that she should be the first person to sign up for Facebook in the class, but she used the search function to search on Facebook, and the class was neat...

  The professor at the University of Toronto sighed: Students have never been so neat in public classes. What their professor did not do, let Facebook do it. "

  "The senior students of the University of New South Wales praised Facebook: Only in the United States, in the famous Silicon Valley, can such a great company be born.

   Facebook seems to have a magical power. In one day, half of our university people registered on Facebook, added friends, created groups, and posted photos..."

  "The students of the National Autonomous University of Mexico are very happy: no longer need to cross the border wall, they can meet American friends through Facebook, chat with them, and follow their lives..."

  ……

  There are many similar reports, all of which are advocating how popular Facebook is outside of the United States. College students all over the world are looking forward to the stars and the moon, and looking forward to Facebook’s early entry into their schools.

  Some media directly named Facebook "the only social networking site that spans three continents."

   is one more continent than Dating.com across North America and Asia.

  A senior Internet person came out to speak: This small step that Facebook has taken is actually a big step for social networking sites.

  This shows that social networking sites are sufficient to cross ethnic, national, and geographical restrictions, allowing netizens from all over the world to gather together on a website to make friends and share their lives.

  The media sang praises all over the world, and the small group of voices questioning the falsification of Facebook's 10 million users' data and why they didn't get financing were masked.

  Compared with the impressive achievements of Facebook overseas, these are minor flaws. The media does not care or care about it, so let's talk about this wave of enthusiasm first.

   Facebook's reputation is getting bigger and bigger, and some media have sent an interview invitation to the founding team of the three people of Facebook.

  But these invitations were all declined by Xia Jingxing.

  He has no time to do this right now.

  …………

  …………

  After a week of negotiations, Facebook and Procter & Gamble reached a $5 million advertising framework cooperation agreement.

  Unlike Amazon’s cooperation, P&G is not an Internet company and does not need Facebook to help divert new users.

  What Facebook needs to do is to create a group and product introduction page for P&G, and put P&G’s skin care products, cosmetics, feminine hygiene products and other products on Facebook’s Amazon store.

  And P&G has launched several cheap and affordable student products for students. Facebook helped with product exposure and also became one of P&G’s online distributors.

  For this level of cooperation, P&G did not agree to pay 5 million US dollars.

  What P&G wants is for Facebook to place ads on the homepage of the page...

  This is something Xia Jingxing couldn’t agree to anyway.

  As soon as users log in to Facebook, they see big pictures of sanitary napkins on the homepage. Is this fair?

  Negotiating deadlocked for a few days, good news came from overseas markets at this time, and Facebook became popular overseas.

  Considering the potential of Facebook's global market, P&G gave in and decided to invest in Facebook.

  Anyway, 5 million US dollars is just a drop in the bucket for giant companies like them, and it is not a one-time payment, but is paid in installments based on stage effects.

  Xia Jingxing didn’t really make Facebook switch to sell sanitary napkins. He just took a big contract from a well-known brand and put pressure on the VC institutions that were still waiting-I would be self-reliant if I didn’t invest in me.

  …………

  …………

   Entered the international market, and won a large $5 million advertising order from Procter & Gamble. Facebook has become a small hit in Silicon Valley. In the social field, it has been in the limelight for a while.

  This information, obtained by venture capital institutions, has become what they see: overseas popularity means rapid growth of users; signing of large advertising orders means that there is a business model that can be realized and a stable cash flow.

  Now, VCs are starting to be unable to sit still.

  The top capital is still holding its own identity and deliberately squeezing it.

  The second and third-tier venture capital institutions directly sent an email to Facebook, expressing their desire to talk to Facebook.

  It also includes some venture capital firms that previously rejected Facebook by email.

  Seeing the development of Facebook, they regretted it.

  Compared to investing in a promising social networking site, it’s nothing to lose face once, so they start contacting Facebook again brazenly.

   After this wave of combined punches, Kristina and the little dog suddenly felt more relaxed.

  They walked into Xia Jingxing’s office with their heads high and began to report on the situation.

  "At present, there are more than a dozen investment institutions in contact with us, each of which has a minimum price of 300 million U.S. dollars, and Sequoia Capital, the highest bidder, has a price of 350 million U.S. dollars."

  Kristina smiled and said, “I thought the people at Sequoia Capital could still hold on to it. As a result, they couldn’t help but end.”

  Xia Jingxing shrugged, not surprised by this result.

  The prosperity of the world is for profit, and the hustle and bustle of the world is for profit.

   "Then we will invite them to participate in financing negotiations now?" the dog asked.

  Xia Jingxing waved his hand, "No! Raise the quotation by 100 million U.S. dollars and add it to 400 million U.S. dollars. If it is lower than this quotation, there is no need to talk about it."

  The little dog took a breath, the boss is really ruthless, the price increases are all in 100 million units.

  He mourned for three seconds of silence for these venture capital institutions and asked you to pretend to be coercive.

  The foreign girl frowned, she was a little worried, will she play it again?

  After all, venture capital is not a soft persimmon. How can it stand the teasing over and over again.

   "Why don't you invite these institutions to the company to talk about it? Anyway, 300 million or 350 million is not the final valuation. It depends on the final negotiation result."

  The foreign girl thought for a while, and said one more sentence: "Suddenly it rose to 400 million. What if those venture capital institutions become angry and don’t make an offer?

  Aren’t we going to continue making big moves? There are not many cards we can play. "

   "There is another trump card, we haven't played out yet."

  Xia Jingxing looked confident and made the foreign girl and the little dog look at each other.

  The foreign girl asked: "Are you saying that registration is open to all people?"

  Xia Jingxing nodded, “Yes, after playing this card, venture capital institutions will either simply not invest in the social field, or they will only invest in us, and there is no other choice.”

  The foreign girl felt a bit exaggerated, and wondered: "You mean that after we open up registration to everyone, we will completely defeat the second-ranked dating network?

  The scale of other social networking sites is so small that it can be ignored. There is no other opponent in the market that can challenge us? "

"bingo!"

Xia Jingxing snapped his fingers.

  He got up and walked to the floor-to-ceiling windows, looking at the entire Silicon Valley, everything was in his grasp.

  (End of this chapter)