The unexpected combination of YouTube and Amazon has once again caused widespread discussion in Silicon Valley.

One is a "money-burning king" who will go bankrupt at any time, and the other is a genius boy from an ancient oriental country, and both companies have an extreme need for funds. Are they huddling together for warmth, or are they huddling for death? Wall Street is also full of suspicions.

However, the financial skills of the genius boy are more attractive. In just a few months, the valuation of YouTube has experienced a roller coaster reversal, Zhou Shi has overcome several difficulties, successfully bought the bottom, and in just a few months, his net worth has doubled. Baidu's share price once again hit the market value of 10 billion yuan, Zhou Shi's stake in Baidu is worth more than 400 million US dollars, Alibaba has 300 million US dollars in investment, and Amazon's shares are worth 3 billion US dollars. Zhou Shi's net worth is more than $3.7 billion, and there is a trend of continuing to rise, and his debt does not exceed $650 million. He has become a super-rich person ranked more than 200 in the world and sixth in the mainland.

It's a pity that the richest man in the mainland is a post-80s woman who is a few years older than Zhou Shi, with a net worth of more than 100 billion soft girl coins, and Zhou Shi is not the richest man in the post-80s. However, the comments on the Internet do not think so, Zhou Shi was born in an ordinary peasant family, and has made such great achievements in the Internet era, which has deeply inspired the passion of the post-80s generation to start a business. Many people are envious and jealous of Zhou Shi, if they can meet a partner like Lu He who unconditionally supports their own business, what a wonderful thing it would be! How could Zhou Shi be so lucky?

Of course, Zhou Shi is lucky, how can he become a pig's foot for the rebirth of China Literature if he is not lucky, but it is a pity that ordinary people, how can they be so lucky! Zhou Shi's experience is destined to be difficult to replicate.

After YouTube was acquired, Zhou Shi, Cheng Shijun, and Shirley entered Amazon's board of directors together, and Amazon withdrew by one person, making the entire board of directors a total of nine. Became a vice president at Amazon, responsible for YouTube and cloud computing.

Amazon's corporate culture is very different, and Bezos wants Amazon to strive to be "the most customer experience-centric company on the planet." Correspondingly, Amazon has gradually formed a sound corporate values, that is, 14 leadership principles: customer first, ownership, innovation and simplification, correct decision-making, curiosity, talent selection, the highest standards, vision, action, diligence and thrift, win trust, get to the bottom of the problem, dare to advise and obey the overall situation, and achieve performance.

YouTubers had more freedom to learn about Google and Facebook culture, and later, under Shirley's leadership, more about Google. How to integrate with Amazon's corporate culture is a big question. But these are mainly responsible for Shirley and others, and Zhou Shi is more of a retreat.

Bezos famously said on Amazon: Good intentions are useless, and establishing enforceable mechanisms is the key. Establish clear rules for employees to do so effortlessly, and make sure that doing so will help your company grow. Zhou Shi felt that he was right, third-rate enterprises rely on talents, second-rate enterprises rely on systems, and first-class enterprises rely on corporate culture. Zhou Shi only knew third-rate and first-class practices before, and he still didn't have much knowledge about the establishment of the enterprise system, but this time he could finally make up for this shortcoming, and he also devoted himself to active learning. Start by changing yourself and changing your tubing. As for how to form a balance between the two, it is very important to consider the abilities of Bezos, Zhou Shi and Shirley.

Amazon's acquisition of YouTube, most of the people have flowed, and some people have left, such as the CFO of YouTube: Gideon Yu. As for why he was not kept, the matter is complicated, and there are many stories that happen in between. For YouTube, Gideon's actions are contrary to professional ethics. But Zhou Shi did not expose him, and he was ruined. Instead, after the acquisition, let him leave on his own initiative. As for the reason, it's simple, he soon joined Facebook to finance Zuckerberg. For this reason, Zhou Shi even postponed the launch of Happy Farm, which should be the time of the time of Time Farm.

The development of Time Friends has also expanded to the Middle East and Africa and Russia, and there are too few talents in this area in China, although Zhou Shi is not at ease, but what should be done still has to be done. Through Time.com's crowdsourcing platform, the website translation in these regions was completed quickly, which was much cheaper than the cost of recruiting professional translators, and the translation quality was not inferior.

Not long after the Russian friend was launched, a Russian found Zhou Shi. The uninterrupted reports some time ago made him know about Zhou Shi in Russia.

In 2005, the search engine Yandex and the Rambler website were in a three-pronged situation. CEO: Yuri Milner. If this is not obvious, then the CEO of the Russian Internet investment company DST must always be more well-known. Few people may know who Yuri Milner is now, but in a few years from his previous life, he would be the most famous investor on the planet. Among the companies he invested, there are already two billion-dollar giants (Alibaba and Facebook), and five or six billion-dollar companies (JD.com, Titter, Xiaomi, Didi Dache, Airbnb and Snapchat). In just a few years, the venture capital fund DST (Digital Sky Technology) in charge of this guy has invested in Internet stars around the world and made tens of billions of dollars from them. The way of investment is beyond the ordinary, and it plays a role in reducing the dimensionality of traditional venture capital: pay a high price and do not have any decision-making power. This allows him to invest in almost any business without restrictions.

"I want to cooperate with you to set up a Russian branch of the Friends Network!" Milner was very direct after meeting Zhou Shi.

"Why should I choose you?" Zhou Shi now has the confidence to say such a thing, he is one of the three giants of Russia, but it is just to dominate a small river, much worse than domestic companies such as Sina, how can Sina be regarded as dominating a big river!

"The company mainly focuses on the Russian-language Internet market, is committed to operating a comprehensive communication and entertainment platform, and we have VKontakte and Odnoklassniki in the country, I think it is better to cooperate with us than to develop independently, so as to better integrate resources. "Milner

"What do you think of social networks, and what is the main value of social networks?" Zhou Shi did not discuss cooperation with him, but talked about his understanding of the Internet. Places like Russia and the Middle East and Africa are still small markets for the Internet, and it doesn't matter whether they cooperate or not, what matters is market share. The future equity problem can be solved by having a financial advantage. The huge profit margins of the Chinese market and the European and American markets are the biggest guarantee for Youyou.com. On the contrary, Milner is a very interesting person, and Zhou Shi really wants to make friends with him.

With Zhou Shi's current net worth, he now almost has his own aura, and under his deliberate friendship, he soon had a good relationship with Milner, and the cooperation was also settled, but this cooperation has only just begun.

(End of chapter)