Reborn multinational giant

In late February, Zheng Siwen had been busy with Huizhong offshore company for more than a month and finally got it done.

Registering an offshore company is one of the common practices that most domestic companies want to reasonably avoid taxes, conduct business overseas, invest, or list overseas. The three major domestic Internet giants, BAT, are all registered in the Cayman Islands. , And directly or indirectly, controls a number of offshore companies overseas.

The direct benefit of registering an offshore company to Huizhong is that in the future, Huizhong’s overseas business can be settled through offshore companies, which can save a lot of tax expenses.

In addition, Huizhong’s overseas business and investment are also more hidden. Like before, whether it is a US company or domestic Tencent, it is easy to investigate Huizhong’s business and equity information. This time through the adjustment of the multi-layer offshore company structure, this information has become more secretive. At the same time, the current adjustment of the offshore company structure also prepares for Huizhong's future listing in overseas or Hong Kong.

After the offshore company registration was completed, Fang Zhe had been thinking about investing in Twitter before, and finally made further progress.

Twitter has more than 50 million users worldwide since its inception in 2006. Due to the relationship between the product and the content of the service, there is still a big gap in the number of users of Twitter and Facebook, but this does not affect its new media on the Internet. Industry influence.

Since its inception, its valuation has exceeded 200 million U.S. dollars. On the surface, it seems to be much different from Facebook’s 15 billion U.S. dollar valuation. The actual reason is that Twitter has not yet achieved profitability, even if Fang Zhe was reborn in the past. Well, Twitter’s profitability is also poorer than that of giants like Facebook. This is also one of the main reasons why its valuation has not risen.

The Twitter valuation of the previous life reached its peak of nearly US$50 billion in 13 years. Later, due to constant losses and weak growth in the number of users, this valuation slowly dropped. When it was low, the company’s valuation It was less than 25% of the peak period. Later, because of profitability, the stock price was slowly boosted. Before Fang Zhe was reborn, the company's valuation was kept at about 20 billion US dollars, which was comparable to domestic Weibo.

Although Twitter is incomparable to giants like Facebook in terms of the ability to make money, Twitter is not bad at all in terms of new media influence. The former US president known as "twitter ruled the country" came to power, even more Twitter's influence has been exerted to its extreme, and Fang Zhe valued the official Twitter's media influence.

Because it was targeted by the traditional American public opinion last time, Fang Zhe has always felt that Huizhong’s overseas media influence is insufficient. If Huizhong has its own voice channels overseas, then at least in the confrontation of public opinion, Huizhong will not be weakened. , And will not be discredited by Huizhong’s media to induce wind and affect Huizhong’s overseas business.

And now, investing in twitter is an opportunity. Although twitter has a certain influence in the new media industry, it is still an out-and-out startup company in the Internet industry. Therefore, in the previous investment engagement process In China, Huizhong did not receive much resistance from the US government. Just like when domestic bat accepted foreign venture capital investment, it failed to enter the eyes of government supervision. If Huizhong wants to invest in Facebook, then the United States Whether the government can agree or not is unknown.

The senior executives of twitter are also extremely welcome to Huizhong’s investment. At present, twitter is still in its infancy and development. The most important thing for external investment is money, not like the current facebook, which values ​​investment institutions. Influence and potential value, and therefore, after Huizhong put out a huge amount of 20 million US dollars, Twitter's top executives agreed to give Huizhong an investment quota.

The Twitter financing this time has been reported in the circle since the end of last year. Because of the advantages of the reborn, Fang Zhe also knows that Twitter will receive a financing of 35 million US dollars in February this year, with a valuation of 2.5 Billion dollars.Therefore, when he decided to invest in Twitter, Fang Zhe rushed to get Zheng Siwen to operate the offshore company registration. At the same time, he also began to sort out Huizhong's financial raising funds and sent people to contact the top Twitter.

Because of the joining of Huizhong, another company that participated in this investment in history did not invest, so the total investment amount is only 5 million US dollars higher than the previous 35 million, and the valuation is still 250 million US dollars. After this investment, Huizhong acquired an 8% stake in Twitter and became the seventh largest shareholder of Twitter. It also happened to have a seat on the Twitter board of directors.

In Fang Zhe’s plan, Huizhong’s investment in Twitter this time is just the beginning. It is one of Fang Zhe’s goals to obtain more equity or even controlling shares in Twitter in the future. Although this company’s previous life has an impact in the new media industry Powerful, but in terms of profitability and product content, it is a mess. If the domestic Sina Weibo team is allowed to do it, relying on the company's global influence, user order and profitability, it will definitely become a big giant .

In his heart, Fang Zhe has the idea of ​​controlling and transforming this company, and he is very sure to make it better, the worst, and it is impossible to do it worse than Twitter in his previous life.

Huizhong’s share of Twitter this time has raised more than 20 million U.S. dollars. Converted to RMB at the current exchange rate, it’s nearly 140 million yuan. Such a large sum of money is already for Huizhong, whose monthly revenue has just exceeded 300 million. It is a huge sum of money.

Therefore, in order not to have a negative impact on Huizhong’s business development, only 50 million of the funds came from Huizhong’s financial profits. The remaining funds came from various trust funds and bank loans. Until now, Zheng Siwen's financial talents have also been fully utilized.

At the end of February, Huizhong completed its investment in Twitter. At the same time, a Chinese-American named Zhu Jun joined Twitter as an agent of Huizhong’s board of directors. He was a colleague Zheng Siwen met when he was abroad in the United States. Like Zheng Siwen, he went to the U.S. during the study abroad wave at the end of the last century. Later, after working hard to obtain a U.S. green card, he stayed in the U.S.

In fact, while Zheng Siwen was operating the registration of Huizhong Offshore Company this time, Fang Zhe also asked him to operate and prepare a venture capital fund.

The mobile Internet era has arrived. For a reborn like Fang Zhe, one of the best ways to make money is to invest in various potential stocks and unicorns.

In a few years, there will be hundreds of mobile Internet companies with a valuation of hundreds of millions of dollars, dozens of unicorns with a valuation of several billion dollars, and a dozen small giants with a valuation of more than ten billion dollars. Fang Zhe’s bonus is naturally impossible to miss.