Who can be the next TikTok to roll out the world| Deep krypton

Article | Editor Liu Danru | Source of Qiao Qian | Cover source of 36 Krypton Pro (ID: krkrpro) | Visual China In mid May, Jessica Wong, founding partner of Eltek Capital, the financial center of Riyadh, the capital of Saudi Arabia, 6596 kilometers away from Beijing, received the founders of five Chinese companies within a week.
In the past year, the market value of these companies, which used to rely on content, games and social networking, has dropped by 90%, so that their book cash is far higher than their market value.
In order to find the "second growth curve", these founders risked returning to the Middle East to isolate themselves.
The cooperation with the Middle East Sovereign Fund, 16 offshore companies invested in two years, and 13 Eltek Capital settled in Saudi Arabia have become the transit station that these founders often visit.
"In the United States, we are all thinking: will Chinese companies have such opportunities to raise funds and exit in London, the Middle East and North Africa in the future?" Jessia said to Krypton 36.
The excitement in the Middle East did not begin this year.
In December 2021, Jessia had just flown back to Shanghai from Riyadh.
After getting off the plane, she received more than a dozen BPs for overseas projects.
Finally, three of them received their letters of intent for investment.
A large number of Chinese companies and investments poured into the Middle East, Southeast Asia, Latin America and even North Africa.
An overseas investor told 36 Krypton: "It is difficult for us and entrepreneurs to go abroad because of the epidemic.
The United States, the Middle East, Southeast Asia and Singapore circle around, and then quickly establish headquarters in each region.
As long as they come out, they are doubling the importance." Behind this counter trend is the performance of Chinese social entertainment companies in the past two years after the global epidemic.
TikTok is predicted that its revenue will exceed the total revenue of Twitter and Snap advertising in 2022;
In the era of happy gathering, 135 million months of life have been lost due to India's ban, and the live broadcast product Bigo Live alone will earn back US $2.324 billion in 2021.
The old companies Kunlun Wanwei and Chizicheng, which nearly went down with the time when tools went to sea, "escaped from Shengtian" after acquiring the karaoke application StarMaker and the stranger social application MICO, respectively, and earned more than 2 billion yuan a year.
Yalla, which became the first technology stock in the Middle East, was not found by the media until it was listed in China.
At that time, the founder benchmarking "YY Voice+Momo", but the two companies were sold to Baidu at a low price by the Happy Times.
The share price of the latter dropped 80% in three years, while Yalla has grown more than 100% for three consecutive years since 2019.
An insider told 36 Krypton, "At least two social networking companies are preparing to go public this year, and some companies' quarterly net profits are more than 100 million.
How many domestic companies can maintain this level?" Momo, the largest social networking company in China, found its way to profit through live broadcasting five years after its establishment.
The rising star of social products, Soul, submitted a rather vague financial report and profit model until its listing.
In 2019