Crazy Entertainment System
Chapter 156 Facebook Shares
"Mr. Chen, do you mean our cloud storage is going to directly enter the global market?!" Liang Wen asked uncertainly.
This is somewhat absurd. Logically speaking, the first step for a new company should be to establish a solid foundation in its home base before considering overseas expansion.
This is an overstatement regarding the global market, and more importantly, it involves the laws of too many countries.
"You don't need to worry about that, I've already taken care of it. Actually, it's not that crazy exists only in the whole world. And the excuse of cloud storage can use crazy."
The specific details are all in Sister Feiyan's plan; you can take a look yourself.
Also, the cloud storage service will launch on March 6th, the same day the Global Village Initiative is launched. It will also be the same day that cloud search is launched. Be prepared.
"I think this shouldn't be a big problem for someone with such a rich resume, don't you think?!" Chen Yu said with a smile.
“No problem. Mr. Gao has told me about the situation at Yun Technology. I guarantee the task will be completed so that your Global Village Project can officially start operating on March 6th,” Liang Wen said with a smile.
"That's OK!"
After seeing Liang Wen off, only Chen Yu and Gao Feiyan remained in the room.
"Are you in such a hurry?!" Gao Feiyan asked Chen Yu.
She watched his conversation with Liang Wen without saying a word.
"It's not that I'm impatient, but time waits for no one. You know that seizing the market as soon as possible is the key to stabilizing morale."
The international market is far more complex than we imagine, especially in Europe and America.
Therefore, we must seize the time and capture the market. Only with users and market share can we have a voice.
"Besides, you know Liang Wen's situation. If you didn't trust him, would you have let him come to see me?!" Chen Yu laughed.
Gao Feiyan sighed softly and said, "I can't argue with you, but we already have 3200 million users in the European and American markets. We also conducted preliminary research and negotiations with Facebook, and ultimately acquired 68% of its shares for 4000 million US dollars. Of course, this money was a bank loan. After all, Facebook is a US company, and the US is supportive of its market expansion, but it is somewhat hostile towards us."
Gao Feiyan said that acquiring Facebook was Chen Yu's idea and his initial thought.
Under normal circumstances, 68% of Facebook's shares would definitely be worth more than $4000 million. However, due to the invasion of Crazy, which seized a significant portion of its market share, Facebook's valuation has declined sharply.
This allowed Gao Feiyan to acquire 68% of the shares for US$4000 million.
Although he owns shares, Chen Yu stated that he generally does not participate in the company's decision-making and operational rights.
It's still Zach leading.
They won't step in and take any action unless Zach makes a major mistake.
Zach agreed to this, but his stake was reduced to 15%. The remaining 17% was held by other companies.
Gao Feiyan wanted to acquire it, but the price she asked for was a bit too high, so she chose to give up.
Of course, Gao Feiyan was not one to sit still. After discussing with Zack, she decided to cooperate in acquiring the shares held by these people. Crazy would provide the money, with 5% going directly to Zack and 10% going to reward company employees. Crazy would also take 15% of his 70% stake as company bonuses. As for how to distribute the shares, Zack would handle that.
If the company goes public or raises funds in the future, the costs will be shared equally by both parties.
Crazy also provides Facebook with some technical and resource support.
“Very good. In that case, Facebook should also get a share of the cloud storage interface.” Chen Yu was very happy to hear that they had acquired 68% of the shares. He knew the potential of Facebook and Zuckerberg; they were definitely money-making machines.
$4000 million is absolutely worth it.
Although Crazy has joined the fray and gained many users, one thing that cannot be ignored is the policy resistance.
The local government will definitely give priority to local businesses.
Huaxia has always been resistant to Europe and the United States, so having 3200 million users is already quite an achievement.
It's difficult for them to go any further now, but Facebook is different; it doesn't have this weakness.
As a technology company born and raised in a capitalist country, it will definitely receive support from national policies.
"Prepare well, the Global Village Project is officially underway. However, we should also provide assistance to Zack, but not too much. Keep it a step back, as he is less skilled than us in translation."
"To ensure our superiority, it would be best to strike a balance between the two sides," Chen Yu said.
“No problem, but aren’t you worried about leaks?!” Gao Feiyan asked.
"What do you think of Zack?!" Chen Yu didn't answer, but instead asked something else.
"Very good. A very intelligent person, with both high IQ and EQ. She is also very meticulous and has her own style in doing things," Gao Feiyan said after thinking for a moment.
“So, this isn’t something we’re worried about. If the leak happens, Zack won’t have an easy time either, considering the Wang family owns 15% of his children’s shares!” Chen Yu said with a smile.
“I understand, but let me correct you on one point: the 15 percent is only temporary. We are preparing to acquire the remaining 17 percent of the shares.”
"Zack's final shareholding will be around 20%." Gao Feiyan nodded and said softly.
“Okay, I don’t know if Facebook is worth anything, but Zack is. So you have to make sure Zack is securely tied to you. You can’t lose him.” Chen Yu looked at Gao Feiyan seriously and said solemnly.
Gao Feiyan rarely saw Chen Yu value someone so much, and she couldn't help but think a lot about Zack. But more than anything, she was curious.
"I know!" Although she was reluctant, she still nodded in agreement.
"Let's prepare for a global village, and make sure there are no mistakes. The technicians should get to the testing as soon as possible."
In addition, servers and data centers need to be upgraded and expanded as soon as possible.
The future belongs to big data, and we must prepare for it.
Time is running out! Chen Yu had a vague feeling that, because of this, they might need to enter the era of big data ahead of schedule.
"Yes, I will!" Gao Feiyan shared some similarities with Chen Yu's views, and she also knew that Chen Yu had a very accurate eye and a very clear understanding of things, and that every piece of advice he gave was correct.
Crazy's growth is inevitably related to Chen Yu's vision.
"By the way, the three schools we promised when we were developing the business have already been established."
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