Becoming a Russian Oligarch After Rebirth
Chapter 259: Start Purchasing_1

Chapter 259: Chapter 259: Start Purchasing_1

When Wang Ye said this, it wasn’t just out of consideration for Angelina; he also had his own thoughts.

So he explained, "In some time, the center of my business may shift towards the Crimea Peninsula. Naturally, I will need to spend more time there."

Angelina asked in confusion, "Lean towards Crimea? But... but there is nothing there! It can’t be compared with Moscow at all."

Indeed, Moscow is a world-class metropolis, the economic, political, and cultural center of Russia!

With a population of over ten million!

As for the entire Crimea Peninsula, how many people are there? Truly a place where there is a lack of money and people. Even for doing business, one shouldn’t go there.

Wang Ye operating a hotel in Yalta for tourism, Angelina could understand. But speaking of moving the focus of the business there, Angelina couldn’t comprehend.

This time, Wang Ye didn’t provide a detailed explanation. Instead, he just grinned and said, "That’s my plan, you’ll understand eventually. On that note, would you be willing to return to Crimea Peninsula to work?"

Angelina didn’t hesitate this time. She nodded her head to indicate her agreement.

Actually, she really wanted to live closer to her family, but since Wang Ye was in Moscow, she was reluctant to leave here.

Now that Wang Ye will be regularly residing in Crimea, there won’t be a problem.

Additionally, she has a great affinity towards her hometown and hopes to aid in its development.

Up to this point, Wang Ye had successfully arranged for all three hotels of the Xiao Ying Group.

In Moscow, there was Kaja, Song Xiao Gang was in Petersburg, Yalta was managed by Angelina and the experienced Yuri controlled the overall situation.

The middle to lower level management personnel was dispatched from the He family.

Wang Ye himself could focus his main energy on the New Sun Group and Polar Bear Investment Company.

Of course, by the end of the year, he would also be elected as one Congressman of the Duma.

The workload is quite heavy though...

.........

Work at Polar Bear Investment Company is progressing rapidly. Just three days after Wang Ye’s last meeting with the employees, good news arrived.

The staff has already established contact with the two companies, Yandex and MAIL.RU. To say it without exaggeration, both these companies are now barely hanging on by a thread.

In particular MAIL.RU, this company just went public on Nasdaq last year and was once highly successful. It had the largest website and the highest number of users in the Russian internet industry!

The company’s market value once skyrocketed to several hundred million U.S. dollars, undoubtedly the number one internet enterprise in Russia.

Using the money from financing obtained in the stock market, MAIL.RU was very confident, buying land to build its own headquarters building and expanding massively. They boasted about being the "Russian Yahoo"!

Unfortunately, their prosperity was short-lived. The global "Internet Winter" arrived soon after they went public, leading to a plummet in their stock price and a break in the capital chain.

They didn’t even finish laying the foundation for their headquarters, and they had already run out of money to build the building...

The company’s market value fell from several hundred million dollars to a few million dollars. It was absolutely ridiculous.

But there was no other choice. Throughout these two years, nobody dared to invest in the internet industry globally. Everyone was frightened.

Yandex was no better. When compared, it probably had more disadvantages than MAIL.RU.

This company’s core business was Russian search engines. At that time, Google had only been established for two years and hadn’t yet entered Russia.

In fact, Yandex was established more than a year before Google. Unfortunately, it primarily dealt with Russian search engines and was at a natural disadvantage due to the language.

If it had been established as an English search engine, whether Google would have existed was still questionable.

......

According to the report provided by the staff, both companies expressed strong interest in Polar Bear Investment.

Whether it’s strategic investment or financing expansion, they would agree. There was also room to negotiate the price.

Basically, it was just a matter of providing money and everything was negotiable...

This might seem exaggerated, but in 2001, any internet company you approached for investment would not reject you.

Because in the eyes of those internet entrepreneurs, you were their savior!

The timing Wang Ye chose was indeed perfect. Only someone like him, who knew about future developments, would dare to enter the internet industry at this time with a lot of money.

It’s easy to imagine that once he cast his "net", he would be overshadowing Softbank!

In these two years, Softbank itself was barely surviving...

"Arrange a meeting. Let’s first talk with Yandex, and after we finish talking to them, we’ll deal with MAIL.RU." Wang Ye instructed.

He had his reasons for arranging it this way.

The staff had no questions. They immediately agreed and started making arrangements.

......

On July 13, in a business district not far from Moscow University, a fleet consisting of two black Mercedes-Benz and one Toyota Coaster parked in front of a building.

When the car door opened, Wang Ye got out and stood there, looking up at the building.

It was not too high, probably about twenty stories, with a huge sign on it that read "Яндекс" in Russian.

This was the headquarters of Yandex Company!

From the other side of the car, Kaja also got out and walked over.

She was dressed in a proper office suit today with her hair tied up in a bun. She looked like the archetype of a professional businesswoman.

Wang Ye intended to groom her for the role of Chief Financial Officer, which was why he brought her along to participate in the matters of the Polar Bear Investment Company, besides the finance department of Xiao Ying Group.

People need grooming. Kaja was someone whom Wang Ye trusted, so he wouldn’t forget to groom her when opportunities arose.

A few personnel from Polar Bear Investment also got out of the Toyota Coaster behind them.

Xie Liaosha and others remained in the car and didn’t get out.

At this time, several people rushed out of the office building.

The person leading was a young Russian in his thirties. He was tall and thin, with curly blond hair. He appeared very refined.

Wang Ye greeted him with a smile.

"Mr. Mikhail?"

"Hello, Mr. Volozh."

The two men shook hands. Evidently, this thirty-something year-old Russian was the founder of Yandex, Mr. Volozh.

Volozh gave a brief introduction of the company’s senior executives behind him to Wang Ye, and Wang Ye also introduced Kaja and the others to him.

Everyone then proceeded to enter the building. As they walked, Volozh introduced the place, "We bought this building last year. Now it has become the headquarters building of Yandex, with all our departmental employees working here. During the peak period, we had more than 800 employees. Due to... well, reasons that everyone knows, we now have only half of the staff left."

He has to be lauded for his "honesty".

Theoretically speaking, Wang Ye is from an investment company. He came to inspect your company with the intention of investing in it.

It’s a necessity to paint your company in a good light. This way, the company’s valuation can be higher, and you can get more money.

Who would immediately tell the potential investor that your company just laid off a large number of employees and lost half of its workforce?