Extraordinary Genius

Chapter 1370 - Google is also going to do Video sharing

Chapter 1370 – Google is also going to do Video sharing

“Boss, you want to let him be this company’s CEO? He doesn’t have any experiences!” Kameda Masao asked worryingly.

“What’s wrong? Is there any problem with this? Sergey and his team had been doing well too, and Google’s traffic is only behind Yahoo and Microsoft.” Feng Yu replied.

Although the other party is young and inexperienced, Feng Yu can send some experienced staff to guide him. Youngsters are more creative than the older staff, and as people get older, they are more reluctant to take risks.

Many places in China have younger officials as the top Government official and an older official as the Party Secretary. Also, Wind and Rain Holdings will assign Facebook’s CEO. What’s there to worry about?

The Board of Directors decides the CEO’s appointment, and Zuckerberg will be replaced if he cannot perform.

“Boss had made a wise decision to invest in Google. Google has become the world’s number one search engine company and has established monopolies in many countries. They are not sued because Google is available to everyone for free.” Kameda Masao knows Feng Yu had decided and started to suck up to him.

“Google has already entered Japan, right? How is it?”

“Google is also the number one search engine in Japan. They are the top in all English-speaking countries, and also many of the none English-speaking countries. They are only facing difficulties with Mandarin, Russian, and Korean.”

The world’s top four countries with search engine core technology are the US, China, Russia, and Korea. They have the most traffic in their country because it is based on their own language.

“See, they are doing well. That’s why we should allow others to prove ourselves. Don’t judge a book by its cover. Oh, I saw in your report that Google is planning to be listed.”

“Yes. Google is expanding and is facing massive financial pressure. They will develop French, German, Arabic, Russian, etc., versions requiring funds. Sergey and his team also have a new idea based on GPRS. They want to create a navigation map, and it requires Global Positioning System and telecommunications. That’s why they want to get listed.”

“Also, the US markets are showing signs of recovery. Their share prices will peak three years later if they are listed now, and we can sell some of the non-voting shares then. The returns will be high.”

“Ok. This is a good plan. Contact the top investment institutes. I believe they will be interested in Google’s shares.” Letting these institutions issue the shares will allow them to buy some of the shares to gain profits.

Google’s market share is very high, and many people will be interested. Roping in some major investment institutions can help to share the burden and use their connections for Google’s development.

Selling the shares three to four years later when the share prices are peak is most worthwhile. Anyway, Feng Yu still have full control over this company.

The dividends will never be more than the stock market increase. They can wait until the share price falls and buy it back.

Feng Yu had planned to let Amazon, Google, Baidu, and other internet companies be listed in the next two years because of the bullish market.

Some core industries’ assets will remain and will not be listed. For example, Alipay and Paypal.

After Feng Yu amassed a large amount of cash, he will increase his shares in Min Sheng Bank and let it expand overseas!

Feng Yu will combine fintech and traditional banking to form a mega-conglomerate. This will let him catch up with those Global conglomerates and allow him to stand on top of the pyramid!

“Don’t worry, Boss. With Google’s branding, many institutions will be interested. We will only work with the top, and some of them had approached me to invest in Google. A few top managers had expressed interest to become our Google’s directors.”

“We can pick two to three people from those institutions to become our directors, but we will not sell voting shares to them.”

This will allow them to enjoy the dividends. The company’s core voting shares must be controlled by Feng Yu, as he does not trust those investors. They might use underhand methods to gain control over Google.

“Some people are interested in Amazon too. Are we going to sell them some shares and give them a director position?”

Feng Yu nodded. “No problem. They can help the companies to develop faster. But you must be careful when picking the directors. You got to take note of their nationality. They should be from Europe as we are going to expand there. As for the US, once is enough.”

The company’s CEO and top executives are all Americans, and it’s not a good idea to have too many Americans on the board of directors.

“I understand. Google’s recent report states that they will set up a video streaming website to allow people to share videos with their friends. The functions are quite similar to China’s Sohu Channel.”

Feng Yu raised his brows. Is Google going to set up a video-sharing website? This is a good idea. After these video-sharing websites appeared, DV sales will increase. The market will be bigger. Wind and Rain DV and those Japanese DVs will see a bigger demand.

Wind and Rain DV is cheaper and smaller, and Feng Yu felt its market share and sales would increase more than those Japanese companies.

“This is a good idea. Who is going to handle it?”

“Three former employees of Paypal, who are top software developers, and some people from Google’s team.”

Feng Yu nodded. “Alright. But you must note that the videos must be original and must not infringe any copyrights. We must filter out MV, movies, and TV programs and work with some movie companies to buy their broadcasting rights. We must not allow them to sue us.”

Google had developed very fast, and many people are eyeing them.

In the US, many lawsuits target wealthy and successful companies. For example, a tycoon had knocked into a poor man, and they will demand compensations up to millions, citing discrimination as a reason. But if an ordinary citizen knocked into the same man, he might walk away without doing anything. This is because he knows he might not win even if he is asking for compensation for a few thousand.

“Yes. I will pass the message to Sergey. Oh, Boss. I have something personal and hope to seek your advice.”

Feng Yu looks at Kameda Masao curiously. What is it that made him want to seek advice?