Chapter 221 Financing

Since the Wujiang Group press conference, people in Europe have flocked to Tenglong Internet Cafe to experience the joy of surfing the internet.

It's worth mentioning that Zhao Ye boasted at the press conference that it would be a global internet, and he wasn't entirely wrong. Although the submarine fiber optic cable between Asia and Europe hasn't been laid yet, there are still other ways to connect Asia and Europe.

Back in September 1987, China's first email was sent from the capital to the University of Karlsruhe in Germany. At that time, there was also no Asia-Europe submarine fiber optic cable.

However, the lack of an Asia-Europe submarine fiber optic cable results in very slow internet speeds between Asia and Europe.

...

At this time, the United States is gathering technology companies, thinking about how to deal with Wujiang Group.

Zhao Ye and Wujiang Group naturally wouldn't sit idly by and wait for their doom.

In fact, Zhao Ye had already come up with a solution.

Between nations, interests come first.

Wujiang Group should just share the profits with other countries.

The news immediately caused a global sensation.

Upon hearing this, Liu Yinyin replied without hesitation, "The United States is discussing the development of an 'information superhighway' project. Furthermore, it seems that various small technology companies in the US are planning to develop browsers and websites, but not using the World Wide Web standard; instead, they plan to develop a different standard..."

The following are ADSL narrowband, while the other is fiber optic internet access.

If you invest in the entire sector, regardless of who wins at the very beginning, Dow Jones Group will only make a small profit.

1Mbps = 128kb/s.

Goldman Sachs then looked at Liu Yinyin and asked, "What's the situation in the US?"

8Mbps is not very small.

"And that's not all. Later, customers of the ISP company on the border of Xinjiang came in droves, with tens of thousands of people queuing up to have their networks installed!"

A moment later, Dennis said he would seriously consider Lowman Group and would notify Lowman Group if there was no further news.

The Battle.net platform identifies players, allowing other players to see which country they are from.

That kind of internet speed is barely enough to browse websites, and even watching movies online would be a problem.

The upload speed is not the same as the upload speed as commonly referred to.

Zhao Ye was well aware that the website was extremely expensive to develop in its early stages.

"Youjiang Group made a fortune that time. Who would have thought that ISPs could make so much money! In your opinion, almost every household will be connected to the internet in the future, and that industry definitely has great development potential! Alas, it's a pity that Youjiang Group beat them to it again!"

It's been several years since Xinjiang Group took the lead in the world, and it will be difficult for the United States to catch up.

Fiber to the home is cheaper, with installation fees as low as 5,000 yuan. However, the downside is that it's an "eight-network integration," meaning that a "fiber to the home" household can not only make landlines, watch TV, and access the internet.

At this time, although Tenglong Internet Cafe had connected to the internet, the price for logging off only increased by two to eight yuan, which was still acceptable to most people.

However, Goldman Sachs has no immediate plans to monetize the website. They plan to launch commercialization before the website traffic drops further, aiming for a remarkable success.

After a moment's thought, Guan Biao stepped forward and said in a deep voice, "Too much, and we're interested; too little, and your losses are too small. In the Series A funding round, you're only giving up 30% of the shares! However, you can't promise us that we can't enjoy the priority rights of the previous rounds of funding!"

For example, as the number of internet users decreases and website traffic declines, the number of servers will need to increase in the future. Data centers consume little electricity and have no specific environmental requirements. However, at that time, China's electricity supply was insufficient, and very few rural areas had access to electricity.

What Youjiang Group needs are strategic partners who can stand on its side.

One week ago.

“Damn it, boss!” Dennis nodded.

...

It was slow, but soon a few investment companies, small businesses, and European tycoons contacted Youjiang Group to express their intention to invest.

Goldman Sachs added, "Website companies in Europe also need to raise funds. We usually prepare for the worst before ISPs raise funds, provide information, and try to lower their market value a bit!"

"To promote the development of the IVP6 network standard, Xinjiang ISP in Europe needs to raise funds. News is circulating that Xinjiang ISP in Europe will launch its Series A funding round!!!" Goldman Sachs whispered.

It is a new low-speed narrowband technology that operates on the original telephone line without special features, and cannot achieve an uplink speed of 8 Mbps and a downlink speed of 1 Mbps.

The US wants to establish a separate set of standards, which is suspected to be in competition with the Xinjiang Group.

Low-Shang Group is pretty timid.

And those people on Wall Street are actually in charge of those things...

Furthermore, in order to win over powerful figures from various countries to support Wujiang Group, local websites will inevitably need to raise funds.

"Boss, how many shares are you going to give up?" Dennis asked.

Therefore, if Goldman Sachs wants to accelerate the development of IPv6 networks, it needs to raise funds for Xinjiang ISPs, and it has no requirements for investors. The worst-case scenario is that they are local elites, and we must have a significant influence in that country.

The most important thing is not technology; we don't have any advantage there either.

At that time, the main way to monetize traffic was through advertising.

Goldman Sachs was slightly surprised, then fell into deep thought. A moment later, he said to Dennis, "We can't accept investment from American capital, but the share can't be too low. The main focus should still be on European capital. However, Goldman Sachs Group is out of the question. It hasn't invested in any American ISPs yet, but it will be on your side. So, let's choose a strong company that hasn't invested in any American ISPs and have it help us lobby the authorities in the US to support the Jianghu Group!"

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