Becoming a Russian Oligarch After Rebirth
Chapter 1033 - 916 Overseas Company

Chapter 1033: Chapter 916 Overseas Company

When Wang Ye did not blame him at all, Sergei secretly let out a sigh of relief.

He sincerely spoke up, "In terms of business, I am far from your level, could you please tell me what Facebook should do next to quickly and effectively enter the overseas market?"

This was not just flattering Wang Ye but came from Sergei’s genuine admiration, as Wang Ye’s achievements in business were indeed beyond what an ordinary person could imagine!

In terms of technology, Sergei could leave Wang Ye far behind, but when it came to business operations, they were not even in the same league.

Just looking at all the giant group companies under Wang Ye’s name would make one realize this.

Given Wang Ye’s unique status, his understanding of the overseas market would definitely be incomparable to Sergei’s, and for this reason, Sergei genuinely wanted to obtain effective advice from him.

He was beginning to question his own company management abilities...

Wang Ye gave a slight smile, calm and composed, saying, "That’s exactly what I’m going to discuss, and also the reason I plan to convene a shareholders’ meeting, to bring in new strategic collaborators to facilitate our expansion into the overseas market!"

Sergei was a bit confused; he remembered Wang Ye just spoke about starting a new round of financing to bring in new strategic investors, and now what’s this about strategic collaborators?

What was the difference between the two terms, and moreover, what did bringing in new collaborators have to do with expanding into overseas markets?

Knowing Sergei was not very familiar with this, Wang Ye patiently explained:

"Facebook is different from the usual Internet enterprises as it has a stronger media attribute!

Moreover, it is considered a pioneer of the new era of personal media or so-called self-media!

You should understand that no country will casually allow a foreign enterprise to enter and conduct business in its market.

Even though many places have not yet restricted Facebook, as Facebook’s influence grows, those countries will eventually take notice, and inevitably, restrictions will be set.

The reason I proposed bringing in new strategic collaborators is to be proactive and make preparations in advance.

Furthermore, these new collaborators would be leading companies in the internet industry from their respective countries, which will also help Facebook localize quickly, adapt to the local market, and spread rapidly.

There’s even an invisible benefit, which is the prevention of these powerful new collaborators from creating a Facebook competitor on their own.

Do you understand?"

Of course, Sergei was not stupid; although he was not skilled in business operations, he was still shrewd, and after Wang Ye’s explanation, he had grasped the concept.

Indeed! Why has Facebook faced repeated setbacks and malicious competition in the overseas market? Ultimately, it’s because it’s merely an "outsider."

Being new and without overwhelming power, it’s bound to face bullying from local Internet enterprises...

It’s unreasonable for them to simply hand over the "territory" to you, right!

However, if it were as Wang Ye said, directly collaborating with the most powerful local Internet companies and bringing these companies to become shareholders of Facebook!

Then at that time, without much effort from oneself, those partners would have sufficient resources to help Facebook promptly land and spread in the market.

But there was another key question, which was how to contact those leading Internet enterprises and get them to agree to invest in Facebook jointly establishing branches?

For this question, Wang Ye naturally had an answer.

"Here’s my plan: the overseas business will be divided into two major parts, setting up two companies, namely the North America company and the China company.

One thing to note here is that these will be directly established companies, not branches.

In terms of functional authority, these two overseas companies and the Moscow company will operate on parallel ground.

From now on, the Moscow company will handle business operations in Eastern Europe, that is, the Russian internet.

The China company will take care of business operations in mainland China.

And the North America company will be responsible for all other regions!"

Hearing this, Sergei could hardly contain himself; such a statement could only come from Wang Ye.

If it were someone else, he would have jumped up by now!

Because by doing so, it essentially sidelined the Moscow company, restricting it to develop on the Russian Internet, while assigning all other regions’ business to the two overseas branches!

"Mikhail, the Moscow company is the headquarters, right..." Sergei gently reminded.

Wang Ye of course understood his point and replied with a light smile:

"Don’t worry, we will establish a new holding company to control the Moscow company and the two overseas companies; going forward, the new holding company will be the headquarters.

Our shares and the like will also be converted into the holding company.

Sergei, you might not fully comprehend why I am doing this.

But you must understand that if we don’t do this, Facebook will never truly develop and grow, let alone think about dominating the markets in Europe, the United States, and Asia.

I can tell you explicitly that we won’t even control the shares of these two overseas companies, but will let our partners take the majority stake.

In the future, these three companies will either go public as a whole or possibly undertake a split IPO."