After speaking with Sergei, the two reached an agreement. At the shareholders' representatives' meeting, the other shareholders were even less likely to raise any objections.
Wang Ye's plan received unanimous support.
There were no issues at all with the communication and negotiations with Penguin. Facebook and Penguin were not competitors to begin with; rather, they complemented each other.
Both were social networking platforms, but one focused on private one-on-one socializing, while the other focused on public one-to-many socializing.
In China, Facebook had no real competitors either. Platforms like Weibo had not appeared yet.
There were only a few websites that had "learned from and imitated" Facebook, the most successful of which was called Renren.
Now that the genuine Facebook was entering China, it was joining forces with Penguin and bringing in Zhang Xiaoxi's asset management company and Yukos China Company as investors.
With people, money, and technology all in place, it would probably be difficult for it not to succeed!
Moreover, according to Wang Ye's requirements, the domestic company would operate completely independently. It would be called China Facebook Technology Co., Ltd. Aside from bringing over a marketing and operations team from Penguin, all other personnel would be recruited after the new company was established, with no connection to Penguin whatsoever.
The North American Facebook Company followed a similar model. Wang Ye brought in Google, Amazon, and Citibank to jointly establish a new company.
This company was actually Facebook's true core subsidiary!
After all, the English-language internet covered a broader range, and because of America's dominance, North American internet companies generally would not face targeting or resistance in most countries and regions around the world. They could freely develop their businesses.
If Facebook went public in the future, its valuation would probably depend mainly on the North American company's