Chapter 414 Questions and Answers (4297)
"You guessed it right, it was me who did it."
"The capital flows of your trusts aren't very thorough, and now you're dabbling in internet finance, right? 720 Digital's leverage ratio is quite high. If creditors believe you still retain control of the trusts, it would be disastrous if they were to undermine them."
"Boss Qiu, take care of yourself."
Fang Yu reached out to help Qiu Hongyi straighten the collar of her polo shirt and patted her face.
The muscles on Qiu Hongyi's face trembled, and she couldn't help but reveal a look of fear in her eyes.
How did he know?
Among the six trusts, only one Balance Point was announced to the public, and this was also a compromise for 720 to be delisted from Maigu after privatization and relisted in Dazhou.
As for the others, they were all secret trusts, and even his wife didn’t know about two of them. How did he know about them?
What does he mean?
There is so much information in these few sentences.
When rich people set up a trust, it is essentially to provide a safety net for themselves and their descendants. Even if the company collapses or goes bankrupt, they will still have the money they deserve.
The independence of trust assets is the core principle of a trust. Once a trust is established, the trust property is, in principle, independent of the settlor's other property and is not affected by his or her personal debts.
But at the same time, trust assets cannot be directly controlled by the settlor. Once the trust is established, the money in principle belongs to the trust institution and no longer belongs to the settlor. The settlor cannot directly manage the money, let alone directly interfere in trust affairs, especially the mobilization of trust funds.
But in reality, in order to obtain continued investment from clients, trust institutions often tacitly cooperate with the principal to make some fund transfers. However, once such behavior is verified, the court will determine that it is a fictitious trust. The trust has not been truly established and the funds still belong to the principal. The trust will lose the meaning of asset isolation and debt isolation.
At that time, creditors can claim that the trust assets are also included in debt repayment.
Fang Yu's almost humiliating behavior did not make Qiu Hongyi angry. The only emotion he felt now was fear.
The fear of having a secret that only you know, a secret that could cost you your life at a critical moment, be revealed by someone else.
What made him even more frightened was the look Fang Yu had just given him.
At that moment, he felt that the other party was a ferocious beast, and he was the trembling prey under the beast's claws!
No, not prey, but plaything!
He had been to Ranthambore National Park in Bharat and had seen up close a male Bengal tiger carelessly holding a rabbit under his paws, occasionally releasing his claws to fiddle with the rabbit, while the poor rabbit under his claws didn't even dare to move.
Just now, he felt that the look in Fang Yu's eyes when he looked at him was exactly the same as the look in the eyes of the tiger that was over two and a half meters tall when it looked at the rabbit!
At this moment, he realized that if what Fang Yu just said was true, and Qianxun's failure was really caused by Youzi Technology, then if Youzi Technology could kill Qianxun, it could also kill 720!
I was just throwing dirty water and talking nonsense, I didn’t know it was really you who did it!
Qiu Hongyi's face turned pale, cold sweat dripped down her head, and in a blink of an eye, her eyebrows were wet.
Fang Yu returned to his seat and grinned at Er Ma and Chen Wei.
Chen Wei quickly nodded with a smile on his face, while the two Ma looked at each other in confusion.
They saw Fang Yu walk up to Qiu Hongyi and say something, and Qiu Hongyi stopped talking with an embarrassed look on her face.
Is this still the same Qiu Dapengzi who even dared to criticize the former Lord of Yian Prefecture?
What did Fang Yu say to him that scared him like this?
Qiu Hongyi's intuition was still very accurate. Fang Yu really didn't regard him as prey.
In Fang Yu's opinion, let alone an opponent, 720 is not even qualified to be a prey.
In fact, you are not even qualified to be a plaything.
If Chihiro is a vicious tiger that is only interested in profit, then 720 is a spotted hyena that only likes to dig anal holes.
Outdated technology, poor operations, short-sighted strategies, and despicable tactics...
It can be said that there is nothing in this company that is worthy of Fang Yu's care, and he would think it is a burden even if it is given to him for free.
Moreover, Qiu Hongyi's personality is indeed very unpleasant, and the process of her becoming rich is not so glorious, but how many wealthy people who became rich in the era of the Great Zhou Dynasty were completely glorious?
Those who rely on their father-in-law, their brother, social media users, those who sell fakes, those who engage in pyramid schemes, those who pirate...
Even Fang Daqiang did a lot of things in the early stages that now seem to be overstepping the boundaries.
As the real KTV prince, Fang Yu does not feel that he is qualified to criticize Qiu Hongyi's moral values.
Each era has its own characteristics and moral standards. It is somewhat strange to use the sword of the previous dynasty to execute officials of the current dynasty.
In that wild era of the Internet, it can be said that some of Qiu Hongyi's business practices were not so ethical, but it cannot be said that 720 should be condemned today because of these.
After all, it has provided nearly 7,000 jobs for the Great Zhou.
Moreover, 720 had not previously engaged in any substantial offensive actions against Ysou and Youzi Technology. Taking the initiative to destroy 720 would easily lead to a shift in the camp's stance.
720 is not a good camp. Killing it will not cause too much deviation, but it will definitely cause some deviation.
Originally, Fang Yu was too lazy to pay attention to him. Anyway, with the business expansion of Youzi Technology and Ysou, there was no need to target them specifically. 720 would also be eliminated in the future Internet AI revolution.
If they are not eliminated, it means that they have changed with the changes in the market and there is no need to target them specifically.
But who would have thought that Qiu Hongyi would dance like this.
Since the battle with the penguin, Qiu Hongyi has become much more obedient in the past few years and no longer makes trouble everywhere. However, in the face of the possible threat posed by Ysou, Qiu Hongyi once again attacked Ysou in the way he is good at.
It's exactly the same as his performance when Penguin launched Penguin Computer Manager.
It can be said that after so many years, he is still the same boy without any change.
If you don't want to jump, I'm too lazy to do anything. But if you insist on jumping, I don't mind slapping you and pushing you aside so that you don't get in my way.
If his small body couldn't bear it and he was accidentally beaten to death, then so be it.
I slap you not because you are bad, nor because I want to enforce justice, but simply because you are an eyesore.
Without the instigator, Chen Wei expressed his approval of the competition results early on. The two Ma brothers hesitated again and again and did not question Ysou's repair results in public.
Let’s go back and discuss it first.
What’s more, what they are more concerned about now is what happened to Chen Wei?
Before this, Chen Wei had contacted the two of them, hoping that whoever took over Qianxun would be able to split out the Qianxun map business and sell it to him separately.
In exchange, he will cooperate with Penguin and Ali to target Ysou with all his strength, and ensure the interests of Ali and Penguin in subsequent financing.
Ali and Penguin both have their own map services and do not have a strong demand for Qianxun Maps. They are both shareholders of Didi. If they take over Qianxun, Chen Wei is willing to buy Qianxun Maps. As long as there are enough benefits, they are not unacceptable.
Both Ma and Ma knew very well that no matter which of them acquired Qianxun, they would have to split up and sell off Qianxun's many business segments after the situation stabilized, and Didi was the buyer who could offer the highest price for the map business.
After all, having its own map qualifications and navigation services is Didi’s core strategic demand, and everyone knows how strong Didi’s demand for map business is.
Two months ago, they had just participated in Didi's $4.5 billion Series G financing. However, the global capital market began to show signs of cooling down due to the dual incidents of Alcatraz and BlackRock, and Didi also experienced a major change in its management. It felt like they were going to lose money right after investing this financing.
But if Chen Wei got the Qianxun map, everything would be different.
In addition to reducing dependence on third-party map services, avoiding high API call fees, and completely closing the loop of user data, Didi will also gain unprecedented user traffic access. It can also use map services to integrate multiple travel modes, achieve business results faster, and reshape the capital market's imagination of Didi!
It can be said that Qianxun Map is Didi’s accelerator.
After Qianxun collapsed, its map business alone revitalized Didi, which was truly a blessing in disguise.
In this situation, did Chen Wei actually give up? Or did Youzi Technology also promise to sell the map business to him?
Yes, that’s right! It must be like this!
You traitor, how have I treated you unfairly during all these years in Ali?
Although I could only call out your name at that time and didn't say a few words.
As soon as the meeting was over, the two Mas found Chen Wei. Ma Yun said sarcastically, "Brother, I have to have a good chat with Wei Zhe in the next few days to see if you can avenge him."
"Even if you had told me directly before that you had reached an agreement with all three companies, and that after Ali really acquired Qianxun, you would have sold the map business to you, why are you being so secretive? It's a bit petty and not like you."
As he spoke, Ma Yun looked at the hemp flower vine next to him and said, "Boss Ma should have the same opinion as me, right?"
Mahua Teng looked a little annoyed. "Didi may indeed be able to obtain Qianxun's map business, but we still need to discuss Didi's entrance into WeChat."
Chen Wei gave a bitter laugh. "Teacher Ma, President Ma, you misunderstood. I don't have an agreement with Ysou, and I haven't even communicated with Zhou Shuzi and President Fang yet."
Ma Yun immediately felt something was wrong.
He believed that Chen Wei would not lie to him about such matters.
Moreover, the other party's reaction just now, especially the way he addressed Fang Yu... I always felt...
Ma Yun highly recognizes Chen Wei's ability to build relationships. When he was at Ali, Chen Wei was the youngest regional manager of Ali's B2B department, and he relied on his ability to build relationships.
After starting his own business, Chen Wei brought this expertise to its fullest potential, otherwise Didi would not have expanded so quickly.
The rapidly expanding valuation has enabled Chen Wei to acquire more external resources. To this day, the social relationships around Chen Wei can be regarded as the top circle of friends in the Great Zhou Dynasty, and in some areas it may even be stronger than Ma Yun’s circle of friends!
Although the recent Xinhao incident caused serious damage to Didi in terms of relationships, Chen Wei's information channels are still the widest in the Internet circle.
Could it be that Chen Wei knew some news that he didn’t know yet?
"I won't explain any further. The two bosses will understand in a few days. But in short, Didi has not betrayed the alliance of the three companies." Chen Wei shook his head, looking as if he was keeping his mouth shut and hesitating to speak. He apologized to the two of them and turned to leave.
What's going on?
The two horses looked at each other.
The two have been competing in the same market for so many years, but the number of times they have looked at each other is not as many as in the past few days.
After the meeting, the two Ma returned to their respective bases and immediately convened a meeting of senior management. After careful consideration, Ali and Penguin each sent a relatively soft-toned letter of questioning to the Qianxun Emergency Rescue Guidance Team.
The main doubts are in three aspects:
First, this form of technological competition cannot truly measure a company's technological comprehensiveness, and should not be used as a basis for determining whether it is eligible to acquire Qianxun.
Second, Ysou was established too recently and is lacking in both technical accumulation and management experience. It would be too risky for regulatory authorities to decide that Ysou should acquire Qianxun based solely on the results of this competition.
Third, the monopoly issue. Currently, Ysou has become the search engine with the largest market share in Dazhou. After acquiring Qianxun, it is conservatively estimated that it will occupy more than 88% of Dazhou's search engine market, a proportion that even exceeds Qianxun in its heyday, constituting a de facto monopoly, which is not conducive to the flourishing and healthy development of Dazhou's Internet industry.
As for the dirty tricks thrown by Qiu Hongyi, it is impossible to write them in a letter of questioning. Anyone who believes them has a hole in his brain. It would be embarrassing enough to write them down.
The senior executives of the two major companies felt that after this letter of inquiry was sent out, it would take at least a few days for them to respond to the above Q&A document.
Unexpectedly, the official Q&A document was issued the next day after it was sent out.
This rhythm seemed a little unusual to the two Ma brothers and their think tank.
During the Q&A session, the company directly refuted the doubts raised by the two major companies from all aspects, and the sharp wording left the two major companies stunned.
First, what are the criteria for judging the comprehensiveness and advancement of technology? Let's revisit the white cat, black cat argument. When it comes to the Qianxun problem, facts speak louder than words; the ability to solve problems is the golden standard. Problem-solving doesn't necessarily mean the technology is advanced or comprehensive, but failing to do so certainly means it doesn't meet the requirements.
Second, the IT and internet industries are rapidly evolving, and judging risk based on age is not objective. If this were the case, Penguin would not have received a telecommunications license, and Ali would not have been able to obtain a third-party payment license.
Third, in response to the accusations raised by the skeptics, relevant agencies conducted a detailed investigation into Ysou's current market share. Based on the proportion of revenue from its core business, Ysou's revenue currently accounts for only 0.003% of the total search market, a negligible percentage, and does not constitute a de facto monopoly.
When Ma and his senior think tank saw the content of this reply letter, they immediately realized that something was wrong.
If the first two responses were reasonable, then the third response was something they were all too familiar with.
This is also how the bidding units responded when their competitors questioned them in the bidding for many projects!
Ma Yun shook the Q&A document and said bitterly, "I knew there was something wrong! They said there wasn't enough time to operate, but I think it's because there's not enough space!"
The five or six senior think tanks around him looked at each other, not knowing what to say.
This is the first time that Ali has been so passive in competition since its listing.
As soon as he finished speaking, Ma Yun's cell phone rang.
Sent by Chen Wei.
"Teacher Ma, watch the seven o'clock news."
Watch the news?
Ma Yun looked at the time and it was almost seven o'clock. He asked his secretary to turn on the TV and change the channel. The news clips had just finished.
After the first two posts, Ma Yun was puzzled. What were he looking at? There was nothing interesting to watch.
As soon as the third one was released, Ma Yun sat up straight.
I see!
(End of this chapter)
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