Chapter 212 Financing



After seeing Lu Maoshi Toynbee off, Dennis called Goldman Sachs.

Goldman Sachs needs to tie fewer partners to the Xinjiang Group!

In Europe, even the few wealthy and powerful people who discuss the internet often express envy.

However, if they lay their own fiber optic cables to provide "fiber to the home" services to the public, the cost is too low, giving them a price advantage. So how can they compete with companies like Xinjiang ISP?

Guan Biao and the others had a long meeting.

However, that family will temporarily choose "fiber optic internet access".

Yes, ADSL narrowband is cheap, but users must lay fiber optic cables to their homes and cannot use telephone lines. Therefore, using a single ADSL modem is no longer possible.

The slow development of the internet has made people realize the potential of the ISP industry.

If our interests align, we will proactively help Youjiang Group solve its problems.

Even financial companies on Wall Street in the United States have sent people to contact Youjiang Group.

I immediately convened a meeting with lower-level management.

A fence-sitter is the most important thing.

The person sitting across from me at that moment was not a representative of the Deutsche Bank Group, but someone named Lu Maoshi Toynbee.

"Damn, you got it. Keep people monitoring the situation here. Now, tell me about the development of the internet in China!"

...

Paris, France.

Youjiang Group had already announced that the World Wide Web would be permanently free, but unexpectedly, the American technology community still planned to develop another standard.

At this time, Youjiang ISP had not yet retreated into its period of rapid, unbridled growth.

It's unlikely to be suitable for watching movies online.

Zhao Ye placed great emphasis on localization from the very beginning of the website's development.

Goldman Sachs hurriedly said, "According to the latest survey report, the development of the Internet in China is rapid. In just over a week, the number of Internet users in China has exceeded one million. Among them, a small portion of Internet users come from Internet cafes."

However, if you want to expand slowly, you must invest less money.

Youjiang Group.

Dennis couldn't help but laugh when he thought of Lu Maoshi Toynbee, the representative of the Lowman Group, proudly stating that the Lowman Group was investing in the entire industry.

"The buzz surrounding the 'Hasee 2,' 'iBook 1 laptop,' and 'HarmonyOS 2.0' is absolutely explosive; practically all of Europe is going crazy for them! According to reports, DJI's flagship store is packed with people every day."

You can monetize even without traffic.

Keep in mind that in the early 1990s, installing a landline phone cost eight thousand yuan!

If we want the internet to spread slowly in China, we need to lower installation and service fees on the one hand, and raise the price of computers on the other. But if a computer costs tens of thousands of yuan, how many people can afford it?

After the meeting, the family raised dozens of questions that urgently need to be addressed.

It's just that it's so difficult for special families to come up with so little money.

...

At the press conference, Zhao Ye touted the internet in glowing terms, not to get people interested in the internet or websites, but to secure funding!

With Youjiang Group announcing that it will provide financing to its European subsidiary, Youjiang ISP.

“Giving up 30% of the shares in the Series A funding round isn’t too much!” Dennis nodded, then asked, “Boss, how much money will the other party have to offer for that 30% stake at most?”

It is important to know that Europe has a long history of frequent conflicts between its various factions.

“Their investment department will research that, discuss and agree on a price, and then provide it to you for your judgment!” Goldman Sachs thought for a moment and then said.

Therefore, some people who planned to leave the ISP industry soon discovered that the path was a dead end.

"Tenglong Internet Cafe is packed with customers every day, making a fortune daily – it's the envy of everyone!"

P.S.: Fewer updates tomorrow.

Before the call was even connected, Dennis had already informed Goldman Sachs about the situation and inquired whether they would accept investment from American capital.

Therefore, almost every website is independent in each country. For example, "China Alibaba Website", "UK Alibaba Website", "Germany Alibaba Website", and "France Alibaba Website" are all independent entities, and the website content is handled by local employees.

We discussed the problems we encountered and pooled our wisdom and efforts.

Although the number of households with 10,000 yuan in China is decreasing, computers are expensive, and when you add installation and service fees, it becomes a large sum of money.

Going forward, the main goal of developing the internet in China is to open fewer internet cafes and allow fewer people to access the internet.

What disappoints users the most is the ability to log in to the "Battle.net esports platform" and play against other players. Internet access in Europe covers almost the entire continent.

For example, the development of e-commerce websites has not been as smooth as imagined. People still have a skeptical attitude towards online shopping and are hesitant to make transactions. Furthermore, transportation is not convenient, many roads are in bad condition, and logistics speed is too fast, which affects the user experience, etc.

Later, the main users who opened internet access were enterprises, primary schools, research institutions, and government units, but there were also many families.

Currently, only 80,000 users have proactively activated internet services, indicating a very poor development trend.

...

“Oh no, boss, you found out!” Dennis nodded in response.

Investing in Xinjiang ISP is practically a losing proposition, not a guaranteed profit.

Europe.

However, in practical applications, the upload speed does not reach that level, usually only 60kb/s to 80kb/s.

Wouldn't it be even more exciting to eliminate players from other countries?

"Yes!" Guan Biaoxin nodded again.

This chapter is not finished, please click the next page to continue reading!

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