Imperial Valley Road Penguins: seek to invest in overseas markets strongholdLead: Chinese Internet giant is using the capital laid out a road leading to the Silicon Valley, where the representatives of non-Tencent perfectly. Long-term study of Silicon Valley, the appointment of executives and financial background of Nike Air Max Mens Fab, SnapChat investment enough to see Tencent international ambitions. The company on the one hand by investing in understanding the US market, on the one hand again to enter the Chinese market to facilitate attracting startup founders. It also value the advantages of technical or content companies, investment companies means that it can capture more market authorization or by way of cooperation. SnapChat investment with the international micro-channel is inseparable from the refuge Tencent trespassing to experts in the online service to make money, it is not far away to find business models. The absence of international market is no longer aware of the absence in the US market, there is little in overseas consumer business of Chinese companies to invest more and more start-ups as a way based therebetween. It is reported that this week, Tencent lead investor in the $ 200 million bid to the popular image of social applications SnapChat. Tencent's investment is likely to last for two years but has not yet upgraded the earnings valuation of start-up companies carried $ 4 billion. SnapChat just one example. Relying on the huge social and online gaming business, Tencent has accumulated over 50 billion dollars in cash reserves. This summer, the electricity supplier Fab.com creative financing $ 150 million, Tencent is one of the investors. Last Official Nike Air Force 1 High Womens White Colorful Shoes month, the 2nd Ali led a courier service ShopRunner 2.06 billion in financing. Volume slightly smaller browser company UCWeb indicates that it is actively seeking investment opportunities in the United States. Currently, Tencent market capitalization of $ 100 billion dollars, is preparing for the IPO of Ali almost the same level. Intense competition, slowing growth, domestic giants began to look for opportunities in the overseas. For this reason, they are no longer satisfied with simply making a deal, but to really get through capacity into the network of relationships in Silicon Valley, they even hired a number of well-developed network of bankers and executives. October when Ali was established in San Francisco, an Special Nike Air Force 1 Low Womens Pink Shoes American investment group headed by Liberty Media and McKinsey worked Michael Zeisser. For a time, the domestic giant appetites worth making the US start-up companies become extraordinary, even those with less money also attracted the interest of the founder of the capital. 'Obviously, China is not the Internet company's leader,' Martin Lau, President of Tencent last month when at Stanford University, said the meeting say. Venture capital firm Accel Partners partner Rich Wong believes that Chinese companies will soon Authentic Nike Air Force 1 Unisex Beige Brown Shoes begin 'affect the whole pattern, they have the capital, the internationalization of capital to help them.' Now the main character on stage is Tencent, over the years it has grown into the Valley's most One player ambitions. (Author through interviews with relevant entrepreneurs, VCs and Tencent former employees of that.) Low-key gathering of Silicon Valley 'intelligence' Tencent in the United States and no incubator or industry conferences, but in Palo Alto, California and its executive David Wallerstein Colleagues often visited the company's office venture, low-key look for investment opportunities and the gaming industry projects. One entrepreneur said, Mr. Wallerstein highly developed network of contacts, he and his casual, humorous style of conversation is true even when the entrepreneur is to dig information. The two executives also have Tencent headquarters in Shenzhen Goldman background. Martin Lau, President of Tencent, initially worked at McKinsey, he was in charge of Goldman Sachs Asia, telecommunications, media and technology businesses. Its chief strategy officer James Mitchell was in charge of the global Internet research at Goldman Sachs in New York, he was hired in 2011 Tencent. Tencent refused to be interviewed outside of these executives, investment SnapChat has no intention to comment. At present, QQ has 800 million active users, a long time by selling virtual items, games and advertising profit. In fact, Tencent revenue from ads less than 10%, compared to, Facebook 80% of revenue is generated by advertising. Funding strategy adjustment Jordan Slide Sandals - let go spend in 2011, Tencent adjusted capital strategy, launched a $ 760 million venture capital fund. Soon after, it hired Goldman Sachs James Mitchell, who at the Internet company has extensive research experience in financing investment. In 2012, the company has started a capital predators like the. It does so venture capital injection to Andreessen Horowitz and SV Angel, which is conducive to an early understanding of those star Tencent startups. Tencent also to the $ 231 million acquisition of US game makers Riot Games, Youyi 330 million dollars to buy a 40% stake in Epic Games. Riot Games has seen the return of the acquisition: Riot former board member Mitch Lasky Benchmark is 2015 Latest Nike Shoes also a partner and current board member Snapchat. This summer, the Senate also voted Tencent Activision Blizzard. Activision this investment speaks Tencent hope to combine investment and willingness to cooperate. The investment announced in July before Activision says it will be 'Call of Duty' Tencent exclusive rights granted to the mainland. Tencent strategic familiar people know, understand the company on the one hand by investing in the US market, on the one hand again to enter the Chinese market to facilitate attracting startup founders. It also value the advantages of technical or content companies, investment companies means that it can capture more market authorization or by way of cooperation. Although Tencent great willingness to cooperate, but some foreign game company's employees said in cooperation with it no small obstacle. Tencent internal competition is very intense team, which means that partners do not necessarily see the expected promotion of cooperation efforts. Tencent executives often other members of the trio regularly with management to discuss strategic investments in private issues. Such as Fab deal, Mitchell is responsible for process design and negotiation. He has always been concerned about the company's financial and expected income known - he also served as an analyst at a post results conference calls him often in Tencent held on the issue of profitability asked Mr Lau. Tencent by investment practices, which will account for a company for more than 30% of the shares - at Riot Games or the acquisition of Epic Games is the case. But such a policy is unlikely to work in the overseas market, the founders are often reluctant to give up so much equity. For example, in Fab trading case, Mitchell in the summer just as Fab CEO Jason Goldberg talked, but after no audio. Until a few months later, Fab into Asia for consideration before accepting the deal. Why invest Snapchat? Tencent micro letter with an estimated investment Snapchat (WeChat) greatly expand global business association. When in August, monthly micro-channel active users has reached 236 million, although the domestic done fast, but in the international market influence is not enough. Insiders disclosed that Tencent has worked with the United States before the application WhatsApp IM discussed acquisitions. A VC familiar with Tencent executives said: 'They are looking for expansion, particularly in the US, India Air Jordan 11 and Europe.' Even if the share has only a small Snapchat for Tencent, which means that based on a stronghold of the US market - Who says it does not grow into the next big thing the United States do? It also allows Tencent in response to Ali's 'dealings' more than a competition weight. For Snapchat, the Tencent can not just give money. Even overseas, Tencent is also recognized as good at advertising to the online service to make money outside expert. While pressing Snapchat growing, profit model still vacant. 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