The role of the VIE model in promoting Daxia Country's internet companies cannot be overemphasized; in some sense, without this model, there would be no birth of domestic internet giants. This is a huge boost to the domestic economy from financial innovation.
He Zhengcheng didn't know if this model was a domestic original, but he knew it was already very remarkable and couldn't ask for more. This unconventional innovation of his gave the people of Shanhai Capital a deeper understanding of him. Only with a deep understanding of Daxia Country's laws and systems could such a financial innovation, perfectly suited to the local social environment, be created.
Daxia Country doesn't prohibit overseas capital from establishing internet companies domestically, does it? Then this is how it's done: if you want to invest in a certain mainland internet company A, then you cooperate with A to establish a holding company B in an offshore financial center, and the equity transaction between the two parties occurs overseas. Then, through B, a computer service company C is established in the mainland, and C provides services to A, with all profits generated from A's operations belonging to C. This is the general process of the VIE model. Of course, there will be various variations on this basic framework for tax avoidance and other purposes.
Historically, Sina only went public in 2000, which shows that this model had not been developed for long, at least not for use in Daxia Country. If Shanhai Capital engaged in venture capital, it would clearly gain a more prominent position.
"It seems unnecessary to use this method for cooperation with CIC!" Lv Lang said.
"Hmm! That's right." Ji Jiasheng said.
"Ah!" He Zhengcheng said.
"They are Xinhua News Agency, it's different." Chao Yang said.
"Oh!" He Zhengcheng said.
"So, are we doing this deal or not?" Ji Jiasheng asked.
"A good business opportunity delivered to our doorstep, as long as the conditions are right, of course we'll do it." Yu Dehui said.
"But Yahoo's stock price has been falling!" He Zhengcheng said.
"Yahoo was only founded a few years ago, and its current market value is already several billion US dollars. Which traditional enterprise has such speed?" Ji Jiasheng said.
Watching everyone go from unfamiliar with the internet to now being very knowledgeable, the influence he brought has at least affected the people around him. The great era of the internet is coming, but unfortunately, he is still short of money. If he had one or two hundred million at this time, the future world would be an open door for him to gallop.
"Let's pool our resources and help Cheng Zai complete this deal!" Ji Jiasheng said.
...He Zhengcheng didn't expect Ji Jiasheng to suddenly give him a surprise. He was still short by 5 million, and there was really no other way. He was going to beg Zhang Zhiyuan or give up, taking all his funds to buy Yahoo, Amazon, or eBay shares in the market. He didn't expect Ji Jiasheng to actively help him solve the problem.
"I have no problem. We can't just watch Cheng Zai sell off family assets and still not be able to do this, can we?" Chao Yang said.
"I have no problem either!" Yu Dehui said.
"I... no problem!" Lv Lang said.
"Alright, I've asked Xu Xin, and she agrees. So this matter is settled! But Cheng Zai, this is just this once. Next time, even if you sell yourself, it won't work. We'll do everything according to the rules." Ji Jiasheng said.
"Thank you, no problem!" He Zhengcheng said, a little excitedly.
"When are you going to America? You decide for yourself, just let us know in advance when you leave." Ji Jiasheng said with a smile.
Twenty million US dollars to buy one million shares of eBay stock, and there should still be a good amount left over. However, thinking that eBay currently only has a market value of about 600 million US dollars, he was still very excited.
Once the funds were confirmed, a contract had to be signed with Goldman Sachs, and he didn't expect to have to go to America.
"Then let's go!" Ji Jiasheng said.
Today is Thursday, September 10th. Even if they sign the contract, it will have to wait until next week. However, the funding issues can be arranged in advance. Of course, He Zhengcheng doesn't need to be responsible for these matters; Chao Yang can handle them. Well, since it involves funds, it's better for the two of them to go together.
Visa issues were easily resolved; cooperation with Goldman Sachs was the biggest guarantee, and there were no difficulties. It's a pity that America doesn't offer visa-free entry to Hong Kong. Fortunately, a single visa can be used for ten years, so he doesn't need to go through this hassle every time. Of course, the visa wasn't applied for now; preparations had been made long ago since he was arranged to go to Silicon Valley. At this point, he had already obtained the visa. As for the others, they obtained their visas even earlier than him.
Soon, He Zhengcheng and Chao Yang set off. They didn't choose September 11th, not because they were afraid of something happening on that day, but because there were many issues to deal with. They departed on Sunday, rested on Monday, and discussed and signed the contract details on Tuesday.
"I thought Liang Botao or Li Ban Cheng would give me a surprise, but nothing happened!" He Zhengcheng said, lying on the plane, half-emotional and half-relieved. Emotional because he hadn't gained the trust of these people, and relieved because not being trusted meant not having to pay for it. He really didn't like the Li Ban Cheng family.
"Are you disappointed?" Chao Yang asked.
"Not disappointed, I just want to know if you guys are considered part of Li Ban Cheng's outer circle and how much influence I actually have." He Zhengcheng said.
"What's the result?" Chao Yang asked.
"I don't know either, maybe I never really expected a result." He Zhengcheng said.
"You don't like Li Ban Cheng?" Chao Yang asked.
"Rather than saying I don't like Li Ban Cheng, it's more accurate to say I don't like real estate developers and these monopolistic capitalists." He Zhengcheng said.
"What's wrong with them?" Chao Yang asked.
"Perhaps there was nothing wrong at first, but in the future, their very existence might be a mistake." He Zhengcheng said.
"Because they are blocking your path?" Chao Yang said with a half-smile.
"It's not me. People like me can do well no matter where we go. I'm talking about the entire Hong Kong, these six or seven million people, most of whom will be directly or indirectly harmed by monopolistic capitalists like them." He Zhengcheng said.
"You always look at problems so far ahead?" Chao Yang asked.
"You can't not see it, can you? In a place like Hong Kong, why haven't any well-known high-tech companies emerged for so long? Perhaps it's because Hong Kong's monopolistic real estate companies are draining the entire Hong Kong economy." He Zhengcheng said.
"But half of Li Ban Cheng's industries are overseas!" Chao Yang said.
"What about it? Does overseas investment conflict with the harm they inflict on Hong Kong's economy? He made money in Hong Kong; doesn't he have responsibility and obligation for Hong Kong's future?" He Zhengcheng said.
"Maybe, but he's not a Hong Konger." Chao Yang said.
Damn, I forgot that point, the Li Ban Cheng family are Canada nationals.
"You're saying that a family like mine, if I hadn't made so much money like I was cheating, would I have to work to pay off debts for the rest of my life? What if Hong Kong's major families hadn't transferred large amounts of capital overseas, but instead invested in Hong Kong, driving its development through technological innovation? What would the future world be like?" He Zhengcheng asked.
"Impossible, they can't do that!" Chao Yang said.
"I can!" He Zhengcheng turned to look at the sky outside the window...