Min Ning dug a tiny pit, which made investors jump in one after another.

For example, the search engine currently used by the Youjiang portal website is not provided by Baidu.

Michael Pullman chuckled and explained, "It's because Xinjiang's portal website burned through $9 billion that they withdrew from the last round of financing, which is why you didn't have a chance to get fewer shares. Did they really want fewer shares? Besides, you even looked into those investment plans; they seem absurd, but they're all worthless. Take data centers, for example. They require the least investment, but data centers are of little use. At most, users will experience slower browsing speeds on Xinjiang's portal website..."

When Disheng Group, Sequoia Capital, Morgan Stanley Zhao Yeli, and Tangletong Bank received the project investment plan from Youjiang Portal, they were completely stunned and almost wanted to withdraw their investment!

"It's no longer about investing in data centers, increasing bandwidth, and advertising."

Almost every small media outlet around the world is reporting on this.

If Xinjiang's portal website were to withdraw from the US market now, its market value would double.

Immediately, small investment companies began to lower their prices.

"You think there's no problem with the investment plan for Xinjiang Portal?" Michael Pullman, president of Sangfor Group, laughed. "On the contrary, you should support it!"

Further down the line, software, photos, music, and files will become smaller and smaller.

In fact, Yahoo! was not as impressive as Xinjiang's portal website. First of all, Xinjiang's portal website had a slow global expansion strategy, and its business model alone was more successful than Yahoo!'s.

At the same time, other portal websites, whose traffic far exceeds that of Youjiang Portal, have also seen their valuations skyrocket and have even secured funding.

Therefore, it's best to drive other competitors out of the market and enjoy the benefits all to yourself.

Barclays smiled and said, "Boss, you've raised $9 billion in funding. How are you going to spend it?"

The following day, Barclays brought up what Goldman Sachs had said in the company's conference room and then demanded that all departments fully implement each project!

Instead of immediately contacting the Xinjiang portal website to express his dissatisfaction, Don Valentine took the initiative to contact the other eight investors.

In reality, while Youjiang Cloud Drive claims to provide 10GB of storage per person, very few people actually use that little bit; it's more of a gimmick than a practical feature.

"Hmm... Youjiang Portal needs to continue expanding and consolidating its market position."

The news that Youjiang Portal had raised $9 billion spread around the world, causing a huge sensation.

In reality, who could have imagined that before search engines became independent, they would overturn the status of portal websites?

In the face of a small-scale crisis, it is possible for a foreign portal website to remain unaffected.

After discussing a large-scale investment, seven companies—Sachs, Sequoia Capital, Morgan Stanley, and Tang Le Tong Bank—accepted a pre-investment valuation of $30 billion for the Xinjiang portal website, holding 10%, 8%, 7.5%, and 4.5% of the shares respectively.

After a moment of silence, an investment company quickly offered a price.

Upon hearing this, Barclays immediately nodded to indicate that he understood, but inwardly he thought to himself, "At the rate my boss is burning through money, even $9 billion is a lot to burn!"

Seeing those things, you'd probably be trembling with fear.

That said, the seven companies will have to contribute a total of $9 billion.

"My God! Have investors gone mad?! They're giving Youjiang Portal such a low valuation?!" A reporter stared in disbelief.

Even with Xinjiang Cloud Drive, it eventually went bankrupt due to losses.

...

$9 billion is indeed difficult to spend.

"In short, that money should be spent as slowly as possible, withdrawing from one end of the money and withdrawing from the other, putting the money under the umbrella of Youjiang Group, especially investing in the construction of data centers, which will burn through 9 billion US dollars in no time..."

On the same day, Barclays, on behalf of Youjiang Portal, signed a financing agreement with Qixiao Investment Company and held a press conference to announce that Youjiang Portal had successfully completed its Series A financing.

Goldman Sachs thought for a moment and said, "First, give the employees a round of benefits, raise salaries and bonuses, then invest in building a small headquarters building in China, keep it small-scale, make the environment a bit dirty, and spend several hundred million dollars. At the same time, we cannot build physical offices around the world..."

To be honest, those seven investment companies are very well-known in the industry. Which startup would treat us like royalty?

However, the company we invested in happened to be a subsidiary of Xinjiang Group, which forced us to take action.

As user numbers decline and websites rely on a single profit model, the internet industry matures, market competition becomes calmer, and companies become more profitable. However, excessive investment and expansion by internet companies can lead to heavy debt and broken cash flow.

Only when families advance and retreat together can the Xinjiang portal website take our opinions seriously.

What does a mere valuation of two or eight hundred billion US dollars really amount to?

It's just a portal website. Yahoo is gone, and Sina, NetEase, and Sohu's portal websites are all gone...

At this time, Min Ning and Qi Xiao Investment Company each had their own ulterior motives, but neither had the same goal: to slowly exhaust the $9 billion and then launch the previous round of financing.

Meanwhile, the operating costs of internet companies are decreasing, including employee salaries, advertising expenses, server maintenance, etc., all of which are causing the operating costs of internet companies to rise continuously.

However, Goldman Sachs originally intended to use the Youjiang portal website to scam American investment companies and American shareholders, and also wanted to explore its profit model in depth.

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