Lead: "The Wall Street Journal," an article published Thursday, describes the mysterious character behind the Tencent investment overseas (David Wallerstein). NetEase has helped Naspers investment in Tencent, then became the only foreigner Tencent management team. He is currently based in Silicon Valley and is the main bridge between Tencent and Silicon Valley.
The following is the full text of the article:
Tencent wants technology to change the world, and David Wallerstein is responsible for that.
The 43-year-old Internet is Tencent's "chief exploration officer" (Chief Exploration Officer). This unusual title reflects his mission: to find the so-called "moon exploration investment" in order to achieve high returns in the future. He is mostly a California native who led Tencent's investments in Lilium Aviation and Phytech. The former hopes to use electric flying cars to shorten the journey time, while the latter helps farmers decide when to water crops.
Matt Ocko, a Silicon Valley venture capitalist and net friend, said: "People who do not know him well may be misunderstood, for example, think he is the custodian of Chinese money. However, after 10 minutes, 1 hour, or 1 day, they realize that he and Tencent can bring real business. & rdquo;
Tencent built empires around games and social media apps, WeChat and QQ, so the company was able to take on the risk. According to Dow Jones' risk resources, Tencent currently has a market capitalization of nearly 500 billion U.S. dollars and cash holdings of about 24 billion U.S. dollars. In the past five years, Tencent has invested nearly 9 billion U.S. dollars in companies outside China. Last year, Tencent bought a 5% stake in Tesla.
Tencent CEO Liu Chi-ping said in an e-mail that the company is committed to "improving human life". Through its investment in healthcare, agriculture and transportation, it is advancing its efforts in this area.
Net Great for Beijing recently said: "Basically, we need to recapture our planet. This is how we work at Tencent. & rdquo;
Tencent chairman and CEO Ma Huateng and other co-founders long ago know that the network for the keen investment perspective. In 2001, Tencent is still a not-for-profit start-up company, launched a popular messaging service QQ. At the time, NetEase was working in Beijing for Naspers media group South Africa.
After seeing the potential of QQ, NetEase flew to the headquarters of Tencent, Shenzhen, proposed the investment plan. He recalled that Ma Huateng "declined" and "I was very shocked".
As a result, Naspers acquired 46.5% of Tencent from two early investors for $ 32 million. Naspers are still worth up to $ 180bn even after being diluted to 33.4%.
Subsequently, NetDragon quickly joined Tencent as the sixth member of Tencent's management team to assist with the company's early development, including contributing to Tencent's cooperation with Nokia and Motorola to integrate QQ into the handsets of these vendors. About 10 years after taking charge of Tencent's international business, NetEase has moved to its current position. He said that this allows him to work with global entrepreneurs. He is still the only foreigner in Tencent's 15-member management team and is also the main channel for Tencent to contact Silicon Valley.
Today, the guitar lover, veteran is based in Palo Alto, California. He and his team of five people work in a converted church. He speaks fluent Mandarin and will travel to China every 6 weeks. Some longtime assistants said the character of the Web site is a bit weird. He invited guests to a dinner party in San Francisco, but let them share their most embarrassing moments. In addition, despite his unusual title at Tencent, he remains a serious investor.
Ron Conway, an angel investor in Silicon Valley, said he is a fan of Netflix. They meet each other several times a year to exchange views on the investment prospects.
Conway said: "He encouraged us to leapfrog thinking, investing in new markets that are generally less focused. "They all invested in crowdsourcing platform Watsi and artificial intelligence startup Skymind. Watsi tries to fund people's health services in developing countries.
Last September, Tencent led a $ 90 million investment in a taxi company, Lilium. Net Great said: "I do not think of it as a cool technology. What I am thinking is how to solve the problem of urban overcrowding and the lack of road infrastructure in developing regions? & rdquo;
Net is also responsible for Tencent 2011 acquisition of Los Angeles Riot Games deal. The company's League of Legends is one of the hottest games in the world. Riot Games co-founder Matt Merrill said NetEase coordinates the communication between the two companies. At that time, Tencent wanted to use "League of Legends" characters in other content such as comics and novels. Riot, however, refused to do so as this would be detrimental to the company's brand.
Merrill said: "Great Network to the problem in the environment of the concrete, and Tencent eventually allow Riot remain independent. & rdquo;
The Internet is also using Tencent resources for other creative activities. He is a fan of heavy metal music. He has recorded an original song album and is scheduled to release it this spring through Tencent's streaming music service. One of the songs, titled "The Last Machine," begins with the sound of nature and ends with a big song. "This is a chance to face the reality, for the last dance of all mankind, the song fade in the ticking of the clock.