Becoming a Russian Oligarch After Rebirth
Chapter 248 Promotion of an Old Acquaintance_1

Chapter 248: Chapter 248 Promotion of an Old Acquaintance_1

Wang Ye stood at one end of the meeting table, speaking with fervent enthusiasm.

The dozen or so employees below naturally nodded in agreement, scribbling down their boss’s words on paper.

One can’t say that Wang Ye’s tone is too boastful. Joking aside, don’t forget that there is still a staggering sum of 2 billion US dollars lying on the balance sheet of the Polar Bear Investment Company!

With so much money in hand, there’s no doubt they won’t be investing in "small fry." Instead, the target must be companies with great potential, even industry leaders!

However, when it comes to Russian internet enterprises, in reality, there are very few. Especially when narrowing the scope to those with "monopoly potential"...

After Wang Ye finished speaking, one of the employees raised their hand and said:

"Although I haven’t done detailed research, I use the internet regularly.

Before I came to the Polar Bear Investment Company, I worked in the investment division of Mr. Hofchinko’s bank, so I have a fairly good understanding of Russian internet companies.

In my opinion, at present, there are only two Russian internet companies that meet your criteria.

One is Yandex, and the other is MAIL.RU.

However, due to a sharp drop in share prices last year, both companies are not doing well. A large number of employees have left, and they are barely managing to stay afloat."

The other employees also nodded, showing their support for his statement.

Speaking of these two companies, Wang Ye is no stranger.

Simply put, these two are the only strong internet companies left in Russia’s internet development.

Among them, Yandex started as a search engine and defeated Google in the Russian search field, thus regaining some dignity for the Russian Internet.

As for MAIL.RU, this company started as a web portal and email service.

Both companies are listed on Nasdaq, but due to the collapse of the global internet bubble in 2000, their stock prices fell dramatically.

One company’s market value plummeted by 90%, and the other by 97%...

According to the boss of Yandex, there was a time when he thought his company was the most miserable internet company in the world because its market value fell from over a billion US dollars to just three million US dollars...

But that wasn’t the case. From 2000 to 2004, nearly five years, it was the darkest moment in the internet industry, and countless internet companies went out of business!

Those who could stay afloat were considered pretty good.

In other words, the "face" of these two Russian internet industry giants, Yandex and MAILRU, currently have a market value of less than five million US dollars!

From this perspective, one can understand why the Emperor almost considered Wang Ye a fool when he said in front of him that the internet industry could change the world in the future.

Really, very few people still have expectations for the internet industry these days, especially investment companies!

......

Upon hearing his subordinate mention these two companies, a thought struck Wang Ye. True, this is the perfect time to bottom-fish for internet stocks!

You wouldn’t have to spend much money to get leading companies like Yandex and MAILRU under your control.

Inspired by his employee’s words, Wang Ye also thought of two other companies worth investing in - Tencent in China and Amazon in the United States!

Back in 2001, Tencent was not yet listed and Brother Ma was probably tearing his hair out, begging people for investments.

After all, this was during the "winter" of the internet industry, and everyone was having a hard time.

As for Amazon, the biggest "star" of the internet industry, it also suffered a stock plunge last year, and its market value plummeted. It’s the right time to bottom it out!

However, there’s no need for Wang Ye to share these things with his employees for the time being. He just ordered, "I’ve heard of these two companies as well. You guys start gathering information and make preliminary contacts to see if they’re interested in receiving investments."

Actually, for already listed companies, if you genuinely want to acquire them, there’s no need for any preliminary contacts. You can just go to the stock market and buy shares.

Due to the impact of the Internet bubble burst, there’s no need to worry about not being able to buy shares. Plenty of stocks are eager to be sold, but no one is picking them up.

...

After the meeting, Wang Ye didn’t go back to his own office but went downstairs directly to work at the New Sun Group.

His schedule is quite packed these days.

The Xiao Ying Group needs occasional supervision, tasks and targets must be set for everyone at the Polar Bear Investment Company, and the New Sun Group has even more work...

Ah, these are the troubles of being rich!

Especially for young people like Wang Ye, whose careers are in a period of rapid rise, there’s no room for laziness. There are a bunch of "old fellows" watching him both openly and secretly.

Whether it’s for the sake of himself or others, Wang Ye can only work hard.

Just as he was about to get into his car after leaving the building, Wang Ye unexpectedly ran into a "familiar face"...

Actually, it’s not right to say he was familiar. The two had only interacted and seen each other once or twice.

In front of the office building, a police car with flashing lights was parked. Wang Ye didn’t pay it any mind at first and was about to go to the parking lot not far away where Xie Liaosha and others were waiting for him.

But then the door of the police car was pushed open, and someone poked his head out and shouted, "Mr. Mikhail?"

Wang Ye stopped and turned around.

He saw a middle-aged man in uniform looking back at him from the backseat of the police car.

He seemed familiar...

But he couldn’t remember the name for a moment.

Just as Wang Ye was frowning, trying to remember the man’s name, the man in uniform had already gotten out of the car and was walking towards him.

He said with a smile on his face, "It really is you, Mr. Mikhail. It’s Vladimir. A while back... I helped you with a matter."

Wang Ye immediately recalled. It was that police chief.

When Song Xiaogang got into trouble, it was this guy Wang Ye enlisted to help get Song Xiaogang out.

He didn’t expect to run into him here.

Wang Ye smiled and said, "I remember you, hello, Chief Vladimir. Your jurisdiction is not around here, right. Are you on some errand?"

Indeed, Vladimir was responsible for law and order around Moscow University, while this place was close to Red Square, which definitely wasn’t under his jurisdiction.

Vladimir, beaming with delight, said, "Mr. Mikhail, you might not know yet, but there has been a change in my work situation. I’ve been promoted to the city office now, haha."

So he was promoted. No wonder!

Wang Ye understood well enough. He suspected that the 500,000 US dollars he gave to Vladimir last time must have played a significant role in his promotion...

"Congratulations, congratulations. With Chief Vladimir’s outstanding abilities and prime age, you’re sure to rise even higher and take on more important posts in the future," Wang Ye congratulated him with a smile.

Wang Ye was more than happy to hear about Vladimir’s promotion. After all, they knew each other well.