Chapter 138 is not a trash chapter; Facebook joint venture plan.
Chapter 138 is not a trash chapter; Facebook joint venture plan.
MTN Africa, the largest telecommunications operator in Africa, has a market value of tens of billions of US dollars and operates in more than 20 countries around the world.
But Transmission didn't go through their channels, which puzzled Adebayor. What were they doing here?
"Hello," he said calmly.
"Mr. Adebayo, to make a long story short, MTN wants to acquire Konnect outright. Name your price."
Konnect, one of the three little dragons of social media, was originally ranked second, but now it's ranked third for a long time. But that depends on who you compare it to.
Huaxin is the third largest player in the industry, but it is also the third largest player in Africa as a whole. Although its market position has declined, it still has 4000 million registered users.
It's considered a very successful internet giant in Africa.
Adebayo considered for a few seconds: "Sorry, Konnect isn't for sale."
"We can offer a very high price."
"How many?"
The other party gave a number.
Adebayor laughed. Who gave him the confidence to think that a failed worm was worthless?
"Sir, at this price, we can't even buy our servers."
The other party was silent for a moment.
An $800 million valuation for the data of 40 million users seems like a very generous offer, but I didn't expect the other party to refuse so bluntly.
"So what do you want?"
Adebayo thought for a moment and said, "We want shares in Nvidia, Intel, and Apple. If you can get them, we can trade them at a discount."
The other person was silent for a while, then suddenly laughed out of anger.
"I wonder if Mr. Adebayo has any ideas about merging MTN and Konnect. Although the growth of our MTN social networking service has slowed down significantly due to the impact of Huaxin Group, it still has some value."
After Naspers declared MTN Social dead, its parent company also decided to give up. This phone call was less about acquiring Konnect and more about finding a buyer for MTN...
"Sorry, we don't want trash like you."
As soon as he finished speaking, Adebayor hung up the phone.
…………
Adebayo told Huang Tianya about it, and Huang laughed for a long time on the other end of the phone.
"Adebayo, the way you're saying that will infuriate the MTN people."
Adebayor also laughed.
"Mr. Huang, I'm just telling the truth. Traditional operators like MTN only have users, no technology, and no ecosystem."
What are we here for?
MTN was indeed the number one social media platform in Africa before, but that was built on the heavy promotion by Naspers and its parent company.
The card application process requires binding to the software... which is actually very difficult to use, and many users almost never start the app again after applying for the card.
Huang Tianya nodded affirmatively.
"Well said, don't be a coward, I've got your back."
What Transsion wants is for us to be partners in the ecosystem. We are not a garbage dump; MTN is not qualified.
Huang Tianya paused for a while.
"Oh, right, there's something I need to tell you."
"What is it?"
"The head of Facebook's Africa division has arrived in Lax, and if nothing unexpected happens, it's probably there for you, trying to break through your defenses."
Facebook? I came for him.
Adebayor paused to think, "Mr. Huang, I don't quite understand what they're trying to do?"
Huang Tianya smiled and said, "Guess. Don't worry, it's nothing serious. Just let headquarters know if anything comes up."
…………
March 16th, Lux, Oriental Hotel.
Adebayo met with Facebook's African representative, an American woman in her early thirties named Emily, with blonde hair and blue eyes, dressed very professionally.
"Mr. Adebayor, I've long admired your name."
Emily extended her hand, her smile becoming very professional, her eyes and brows deliberately ingratiating, and her tone soft and sweet.
Adebayor shook hands with her, ignoring her little gestures. He was focused on his career; women would only slow him down.
Emily's meticulous preparations not only failed to achieve their intended purpose, but also aroused his suspicion.
"Miss Emily, what brings you here?"
Emily didn't beat around the bush: "Facebook wants to enter the African market."
Do you think the best approach would be to find a local partner?
Adebayo looked at her.
"So you found me."
"Yes." Emily nodded. "We developed a Taishan OS version specifically for Transsion phones. Currently, your company's smartphone shipments are approaching ten million, which is a huge goldmine."
Facebook hopes to collaborate with you to develop the African market.
"By aligning ourselves with you, we have the highest success rate and the lowest cost."
They're here to buy advertising again. He really knows how to make decisions on this, and can even offer a discount...
"How do we cooperate?"
"This is a preliminary plan. Facebook can provide the technology and content, while Transsion Mall can provide users and distribution channels."
Both parties will share GG revenue and jointly develop the market.
Adebayor took the document but didn't open it, since the other party hadn't mentioned the promotion fee but rather talked about cooperation.
"Miss Emily, I have a question."
"Please speak."
Why does Facebook need to find partners? Can't you just come on your own? TaiShan OS is in the development stage, and we welcome all partners. We also offer discounts for large clients.
It should be more cost-effective than a joint venture plan.
Emily smiled as she watched Adebayo waving the document around without opening it.
"Mr. Adebayor, you're very direct."
Adebayo laughed, "That's just how Transsion operates; we don't beat around the bush."
Emily nodded.
"Okay, then I'll get straight to the point."
Entering the market directly would be too costly and risky for Facebook. Africa has over 50 countries, each with different languages, cultures, and regulations.
Although it wasn't particularly difficult for us, it was very time-consuming.
Most importantly, we can't handle you.
What Emily didn't say was that, according to their research, as long as you bought promotional materials, you were the best partner for Transsion phones; but once the promotional fees stopped, Transsion would abandon all trust and prioritize the companies they had invested in.
This is just like some old ladies in China: they go when there are eggs, and their faith disappears when there are no eggs.
"Of course, Mr. Adebayor, I'm not saying your company is wrong. We approve of your proposal, so we're here to cooperate."
Adebayor finally opened the document.
Facebook and Transsion have established an African branch, with each holding a 50% stake.
Collaborative development of the African market…
Adebayo saw that the contract specifically emphasized that searches could not be restricted in app stores, smiled slightly, and then scratched his head sheepishly.
Chuanyin isn't that kind of person, so writing it out specifically makes them seem like bad guys.
[MTN: The grass on my grave is already 3 meters high...]
He glanced at it a few times, then looked up.
"Miss Emily, I need to take this document back to headquarters in Guangzhou for discussion; it's beyond my authority."
Emily nodded: "Of course. I'll wait for your news."
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