The bigger the stall, the more money you make, this is an unbreakable truth. After Friends, Guoke, Zynga, and YeLp raised funds successively, Time Holdings did not move. However, in Zhou Shi's plan, Time Holdings itself does not have any plans to go public, and there is not even any outflow of equity. The shares of all senior management are allocated to the various subsidiaries of the Group.

Not to mention the shares of Time Holdings, his industry is really complicated. The global friend network has his shares, and this merger between the friend network and Facebook, in addition to the sacrifice made by Galaxy Capital, Time Holdings also has to make certain sacrifices. Zuckerberg's stake in Facebook is less than 60 percent, but Time Holdings and Huaxia Friends combined have 60 percent, and he is naturally sensitive to this. Otherwise, it is good to say that his requirement for the shareholders of the company is that the combined shares of Time Holdings and Huaxia Friends cannot exceed him, and the shares of any other company cannot exceed Huaxia Friends. As a concession, the previous cooperation between Time Holdings and Friends can even be retained to the new company, including Facebook. That is to say, time music, wallets and the like can be promoted through Facebook.

Faced with such conditions, Zhou Shi chose to give in, and Time Holdings and the new Facebook &Friends (F&F) company maintained a five-year cooperation, and renegotiated after five years. After that, the equity division between the two sides is roughly Zuckerberg owns 28% of the shares of the new company, Friends owns 15%, Time Holdings owns 10% of the shares, and others include Goldman Sachs, Morgan Stanley, Citigroup, UBS, East West Bank, Tianhe (Meibang) Securities, Vermilion Bird Fund, China Investment, Li Bancheng Fund, DST, Microsoft, Google and some other domestic and foreign investment institutions and companies. The overall valuation of the new company is 32 billion US dollars, and Zhou Shi has given up a total of 20 percent of his shares (in fact, about 5 percent of the shares have been dispersed to Huamei, Tianhe Securities and Zhuque Fund), and the sacrifice is not small. However, it also returned $6.4 billion in cash, and even after removing about 15 percent of taxes and fees, as well as various other expenses, there is still about $5 billion in cash. As for the distribution of the new company's AB shareholding structure, (after listing) Xiaozha will have 20% of the B shares (10 voting rights), and 48.19% of the actual voting rights, and Time Holdings and Friends will add up to 15% of the B shares. In other words, Zhou Shi basically lost control of F&F.

Although the merger of the two companies has not been officially announced, various news has spread everywhere due to the large number of participants. Although he will still face anti-monopoly scrutiny in Europe and the United States, in fact, this matter has been decided, and the distribution of interests of all parties has nothing to do with him, and Zhou Shi and Lu He will not participate. After all, the negotiations of Xinmeibang Securities Company are about to end, Gorman is too busy to sleep, and Lu He also has no time. All the things of Time Holdings and Friends Network can only be taken care of by Zhou Shi, but fortunately, Lei Jun and others came. His broken English pronunciation couldn't have been enough to get a good night's sleep. Fortunately, Lu Qi, Zhou Jingren and others have enough level to share a lot of pressure on him. For such a grand event, a large number of domestic executives Wang Xiaochuan, Yao Xiaoguang and others came to join in the fun, which can be regarded as broadening their horizons and getting to know their international counterparts.

Since most of the friends of Time have arrived, Zhou Shi also took them to visit Time Holdings USA, including Time Laboratory. At this time, Time Company did not have its own territory in the United States, not because it didn't want to buy it, but because it really didn't have money. Although the high profit of Time Games can maintain normal research and development, it is still not enough to achieve real development.

"Simon, I finally have money, is it possible to speed up the layout of cloud computing" Pichai saw Zhou Shi and others coming to the company, and actually asked for money as soon as possible.

"Besides, the money hasn't arrived yet, so urgent?" Zhou Shi

"There's no way, you're urging urgently, Google and Microsoft are ready to intervene in this market, and it's even harder for us to recruit people, unless you don't want to be the industry boss. "Pichai

In February this year, Microsoft launched the indos Azure product, which is more than a year behind Time Cloud, but people have a lot of money, although the technology and other aspects are not as good as Time Cloud, but they can fill this gap with funds and manpower. Fortunately, Ballmer's focus is not here, but he sees cloud computing as a possibility for the future. Google's investment and estimation of the cloud computing market are insufficient, and there is no danger for the time being.

Needless to say, the best development of the cloud computing market is Amazon, an e-commerce company, followed by Zhou Shi's Time Lab. It is important to know that the development of a technology, in addition to funding and technology, is also directly related to the degree of attention paid by leaders. If you want to pay attention to it, I am afraid that Bezos at this time did not attach importance to cloud computing as Zhou Shi, otherwise he would not have invested in the unfamiliar industry of SAAS (Amazon Cloud belongs to the IaaS industry). However, this is a capital- and technology-intensive industry, and without money, it will definitely lag behind. The investment of several hundred million dollars is only a drop in the bucket and is of little use.

"This fund will be distributed to Time Cloud for one billion dollars!" Zhou Shi thought about it, he still had to increase investment, and the funds of Time Games were really not much.

"Simon, you can't favor one over the other, aren't our other projects important?" Zhou Jingren felt a sense of urgency in his heart when he saw Zhou Shi make a decision so quickly.

Zhou Shi didn't care so much, cloud computing has reached a critical moment, if you can take advantage at this time, there will be a lot less trouble in the future. The three service models of cloud computingIaaS, PaaS and SaaS, Time Cloud has the cooperation of NetSuite, which can basically cover these three services, and it has such a big advantage, but if it does not increase investment, do you have to wait until Microsoft, Google, and Alibaba have developed before investing? Of course, Zhou Shi will not do such a stupid thing, and it is certain to increase investment in cloud computing. But Zhou Jingren is a general, and he can't let him chill.

"When cloud computing reaches a critical moment, it has begun to invest a lot, and it will be much less in the future. The research on big data, artificial intelligence has just begun, and we have time. "Zhou Shi

"But our Felix voice assistant is basically completed, and the follow-up development does not require capital investment. Zhou Jingren didn't want to compromise, I don't know if it was a matter of the distribution of funds or the rights within the company.

"I've already thought about it, the time wallet is 100 million, and the rest belongs to you, I'm talking about after-tax funds!" Zhou Shi knew that this kind of thing could not be entangled, so he made a decision immediately. The bigger the company grows, the more internal strife there is.

Time Holdings is the major shareholder of Friends.com and the developer of the Android system, and the popularity of other developed products in the Internet industry also has a lot of momentum. For example, Time Chrome browser (including UC browser on the mobile side), Time Music (integrated NetEase Cloud and Spotify Music) and Time Pay.

It can be said that Time Company is the third largest Internet technology company after Microsoft and Google, and some people in Silicon Valley have begun to say that Time Holdings is the uncrowned king.

(End of chapter)