Actually I just want to act

Chapter 269 Capital Entry
Ling Changyun hung up the phone, called all the executives to a meeting, and determined the following goals.

It is very clear that IPO is required, and it is best to go to Meilijian for IPO.

"Mr. Ling, we have already completed the B round of financing. Do we need to raise the C round?" an executive asked.

Ling Changyun thought for a while, and said: "No, send someone to Meilijian to ask first. Anyway, we also have investment from Meilijian Investment Bank, so we can consult with them. If it really doesn't work and we need to refinance, we can only go to Meilijian. Share dilution." Yes, Ling Changyun is also a very controlling person, and he has already felt the crisis.The combined shares of him and the management, together with the 7% mentioned above, just barely surpassed 45%. With such a shareholding ratio, once other shareholders press down, it will be difficult to control the company.Therefore, share dilution must be carried out before going public, otherwise Ling Changyun would not be able to accept it.

However, Ling Changyun didn't know that after he settled the matter, the situation might not be so good anymore.

Fang Jiming hung up the phone with a sneer in his heart.

"WOO, it's ok, want to make a move?"

Although there is no gunpowder on the commercial battlefield, there are constant swords and swords.If you are not careful, you will lose everything.

From a competitive standpoint, there's really nothing wrong with WOO other than being a little shameless.However, where is Fang Jiming easy to bully?Immediately ordered Feixun, Baidu, and hao123 to spread the news of WOO's fiasco in China.Firstly, it was to fight back against WOO, and secondly, Fang Jiming wanted to raise his name and create momentum for Baidu.The third thing is to stimulate the patriotic enthusiasm of the people, and then use Baidu.

Although Fang Zhiming knows that some people are very rebellious, maybe they will not use Baidu from now on.But I can't stand that most Chinese people are patriotic. After knowing Baidu, they will definitely use Baidu as the first choice for search websites.As long as these three goals are achieved, WOO does not want to stand up in China, and WOO's ambition to enter the Chinese market will also suffer a blow.

Sure enough, two hours after the news was sent, Meilijian took action.

Aaron Arnold, the founder of WOO, had a bad face and looked at the executives below.

"Now netizens know that WOO has been defeated by a little-known company in China's search business. What do you think?"

An Indian executive of WOO said: "I think China is a small market, and their number of Internet users is less than 2000 million (the data of Meijianlao lags behind, the actual number of Internet users has exceeded 500 million, and new ones are added every day. ), while Meilijian has more than 2000 million netizens, and most of the remaining netizens are concentrated in Neon, Australia and Europa. We have a vast market, why should we care about China?"

There is nothing wrong with this statement, and this Indian executive has opened his eyes to see the world.

However, he only saw the small number of Chinese netizens, but did not see the horror of the growth rate of Chinese netizens.

A Caucasian executive of Meijian said: "I agree with this view. It is really difficult for WOO to open up the market in a non-English-speaking country. We have been operating in the neon country for so long, but we still haven't opened up the market. China is bigger than we thought. It is more difficult to enter, so this phenomenon is normal."

Another executive said: "Are we going to give up the Asian market? Although there are not many Internet users in Asia, is it too early for us to give up now?"

"It's not giving up, but not investing too much resources. Look at ISU, they are very smart, and they have always held the basic market in the Meilijian market. Now it is difficult for the QQ international version to beat ISU." The white executive said.

"I also think so. If we get too entangled in China, we will be defeated by our competitors. GG is now threatening, and we have to guard against it!" said an executive.

GG is also a search site. It is currently competing with WOO in the Meilijian market, and the two sides are also very fierce.

In fact, GG also wanted to enter the Chinese market, but WOO took the lead.

Therefore, Aaron Arnold quickly made a decision: "We can strategically give up the Chinese market, but we cannot give up the beauty market." This is also determined by the size of the market. The number of Internet users in China is too small, and The payment ratio is too low, and there are few advertisements, which cannot be compared with the beauty market at all.

As a founder, Aaron Arnold must be responsible for the company, so he decided to keep the beauty market, at least not let GG develop.Although GG only has one search site, who knows if GG will launch portals, forums and the like in the future?These are the lifeblood of WOO!
Not to mention, WOO also has enterprise services, instant messaging, WOO assistant, online marketing platform, email, news and so on.It can be said that although WOO has a big family and a great business, the beautiful room is the basic disk of WOO.Without the beautiful market, WOO is half dead.Of course, in the past few years, WOO has begun to transform. The business is no longer the focus, but has turned to the investment field.Some small Internet companies like Meilijian may have received angel investment from WOO.

"President, I think our WOO can invest in the Chinese market."

A previously silent executive said, "China's Internet is developing very rapidly. Last year, their number of Internet users was only about 1000 million, but this year it has increased by almost 1000 million."

Aaron Arnold pondered for a while, and then said: "This is a good idea. But, will our investment in Baidu be accepted?"

"I don't think so."

Executives are very clear that it is difficult to invest in companies of the same type if they are in competition. This is common sense in the investment community.Invest in your competitors because you are stupid.

"So, what can we invest in?"

Aaron Arnold asked a little amusedly.

"We can invest in online shopping in China. Like Yiqu.com and Dingding.com, they are developing very fast." A senior executive seems to be very familiar with Chinese Internet companies.

Aaron Arnold thought for a while, and said, "In terms of online shopping, Amyxon has not developed yet, and is still burning money. The number of netizens in China is so small, can it work?"

The executive said with a smile: "Chinese society is developing, and China has a population of more than 12 billion, which is a huge market."

At this time, the Indian executive was a little upset: "Indy also has a population of one billion, and it is also a market with huge potential!"

"However, the development of Indy lags far behind that of China, and the number of Internet users is less than 1000 million." The white executive said mercilessly, "Investing in Indy is better than investing in Mexico!"

"Okay, stop arguing."

While Aaron Arnold is happy to see executives check and balance each other, it's annoying to be so noisy every day. "Send someone to China to see, if we can't enter the Chinese market, then we will enter through capital. We don't ask for controlling shares, and we are not interested in controlling their companies. We just want to make money, understand?"

"Okay, my boss."

(End of this chapter)