Asia Capital is the largest investment company in Southeast Asia. To some extent, Asia Capital also represents the flow of funds among the business tycoons of Southeast Asia.
Previously, when Longteng Company was developing its products, it had received investment from Asia Travel Capital. With Asia Travel Capital acting as an intermediary, Longteng Company's MP3 players were quickly launched in the Southeast Asian market.
While locked in a fierce battle with Sony, Longteng not only focused on the European and North American markets, but also developed the Southeast Asian market to some extent.
Later, Chen Dong suggested that Xiang Feng invest in Amazon, and this investment brought Asia Travel Capital a great deal of profit.
Although Amazon is currently being suppressed by Walmart and has not yet fully recovered, Asia Travel Capital had already made a fortune during its first round of angel investment.
Overall, both sides have benefited from their cooperation with Xiangfeng, and Longteng Company is quite satisfied.
If Xiang Feng's first choice was Longteng, then Lin Zhiyuan would be willing to receive him. However, it is clear that Xiang Feng has two targets right now: Longteng and Tencent, which puts him in a very awkward position.
“We have ample capital and don’t need to accept their investment at all. Even if Xiang Feng brings people to inspect us, we don’t need to try to win him over,” Lin Zhiyuan asked Chen Dong.
Annie and Chen Dong looked at him at the same time. Annie said, "Have you ever thought about what would happen to the market if Xiang Feng chose to invest in QQ instead of us, given that Asian investment banks have strong capital chains and deep roots in the Southeast Asian market?"
"This means that in the future, QQ will not only develop the Chinese market, but they can also develop the Southeast Asian market through Asia Travel Capital."
Lin Zhiyuan understood. In other words, Xiang Feng's investment was dispensable for Longteng, but for QQ, it was another great springboard.
What matters now is not whether you have money or not, but your market share.
QQ is very popular in the Chinese market, but if it wants to enter Southeast Asia, it will encounter great resistance due to the presence of Asia Travel Capital in the middle.
However, if Asia Travel Capital makes way for them, they can not only receive investment from Asia Travel Capital, but also gain access to the Southeast Asian market.
Chen Dong's face was grim, and his voice sounded much more tired. "Xiang Feng came to inspect the company this time. He wants us to know that we cannot sway him with the friendship between the companies, unless Longteng can offer him something that will win him over."
"No matter what, the funds from Asian investment banks must not end up in the hands of QQ Penguin Technology Company."
Anne thought for a moment, then hesitated before saying, "Ultimately, their investment will depend on whether the product is good enough and excellent enough. It seems that our engineering department will be under pressure again this time."
Time is running out, and Asia Travel Capital is coming to investigate again at this time.
"Have the engineering and technical departments produce a complete upgrade and optimization plan for the product within two days."
"The people from Asia Tour will be arriving in the next couple of days. Our company needs not only a proposal, but also data and the achievements of ICQ since its launch six months ago."
Chen Dong said to Lin Zhiyuan, "These are the most tangible things, and they are the most likely to impress investment companies."
"I see."
Chen Dong looked at Chris and said, "Chris, you are now the project manager for the ICQ upgrade and development project, and you have also been managing the ICQ online forum. All the user feedback data you receive is here."
"Take some time to compile all the feedback and data."
Chris quickly agreed, "Understood, I'll send over the complete data in the next couple of days."
After Annie and Chris left, Engineer Chen from the engineering department brought over another document, which contained all the market feedback data for QQ's first week of operation.
As Chen Dong looked at the data in the materials, his face grew increasingly dark.
QQ has a complete product structure. After the upgrade, its functional system has become more powerful. Coupled with the publicity network spread by Dailusi Media, QQ is now going all out, investing both money and technology.
They are poised to dominate the online social networking market in China.
"I never expected that when we visited QQ last time, they were still preparing for the development plan, but in less than two months, the new product was launched a week ago."
Chen Dong smiled dismissively and said, "With money to burn, what can't be accomplished?"
"By the way, when we went there last time, they were recruiting technicians and engineers. I heard that Mr. Ma directly required in the job posting that applicants must have several years of work experience before they can be interviewed."
Chen Dong twirled the edges of the file folder with both hands and added, "It seems their goal is very clear: to create a social media app that best caters to the Chinese market."
"And they succeeded," Chen Dong sighed.
This reminded him of QQ in another world, which underwent a long period of repairs, upgrades, and optimizations before gradually developing a complete product model.
Unexpectedly, after receiving investment from Dailusi Media, Mr. Ma poured all his money into this product. It seems that Mr. Ma was going all in, with only success allowed and failure not an option.
Chen Dong was curious, "This product developed by QQ doesn't make a profit. The best policy would be to slowly update the version and upgrade it gradually, so as to gradually control the market and gradually cover the young user group."
This chapter is not finished yet. Please click on the next page to continue reading the exciting content!
Continue read on readnovelmtl.com
