Chapter 75: 073 Knowing the Law

On September 25, the three-day 7th China Internet Conference ended.

It is worth mentioning that Yu Xing also received a call from the organizing committee in the afternoon, stating that some media hoped to conduct further interviews with him.

This undoubtedly still came from yesterday's speech and the dialogue with Ma Yun.

Yu Xing hesitated slightly about this, but finally declined the interview. The money hadn't arrived yet, so don't toss too much now. There will be opportunities to deal with the media in the future.

However, although he didn't have new interviews, the content of his previous speech still had some small-scale circulation. Just like Ma Yun's recognition on the spot, and like Liu Qiangdong's private agreement, this set of statements looked very logical.

It was just that theory is theory, and the twists and turns and traps in reality always easily dispel people's high aspirations.

Yu Xing didn't think there was any problem with chatting about these. If someone really did things according to such thoughts, he would instead be very happy and congratulate the successful person.

It was also on this night that Vice Wei Zong Jialan of Zhenai. com called to make an appointment to go through the follow-up process.

The actual process of Zhenai. com acquiring Gui'ai. com was not complicated. After all, Gui'ai. com had not been operating for long, the business was very clear, all order contracts were retained, and taxes were paid according to law.

"Alright, I will invite Wei Zong to dinner tomorrow noon. Is Li Zong coming?" Yu Xing asked.

"Li Zong has a flight back to Pengcheng in the evening. There will be plenty of time in the future; you can invite him to dinner next time." Wei Jialan's words had a trace of probing.

Yu Xing just smiled, then said: "Then see you tomorrow."

"President Yu, you have gained a lot this time. How do you plan to spend the money?" Wei Jialan was not in a hurry to end the call.

Yu Xing replied without hesitation: "I want to buy a new electric scooter. The one in Shanghai before was second-hand, and the battery seems not very good. I had to pedal back several times."

Wei Jialan laughed loudly and suggested: "President Yu, don't buy it yet. The company will provide you with a car later."

Yu Xing frowned. He had already agreed, right? Sell art but not sell the body.

He immediately asked in surprise: "Really? And provide a car? Uh... alright, let's talk about it later."

Wait until the money arrives before talking.

Wei Jialan ended the call, feeling that Yu Xing still had quite a bit of student air.

Her cognition of this Gui'ai. com founder had undergone three changes. The first was through communication on the phone, feeling that this person was very career-oriented and ambitious. The second was being brought by subordinates to sprinkle money on the table face-to-face, and feeling that she had overestimated him...

It seems now that one shouldn't overestimate him, nor underestimate him. He is an excellent talent who is good at thinking and can do things, and student air and career ambition do not conflict. Everyone came from this stage.

Therefore, when facing Li Zong Song's inquiry when Yu Xing proposed the three-month condition, the whisper Wei Jialan gave was—"Pull him in first."

One is not to be cheap to competitors, and two is that things can be discussed.

Can't one use the prospect of the company's listing and the warmth of getting along to influence his heart?

Human hearts are made of flesh, and they are not cold stones that can't be warmed up.

Wei Jialan was very confident in continuing to extend the three-month deadline.

Based on this situation, the communication between the two who met the next day was extremely smooth. Gui'ai. com needed to cooperate with Zhenai. com to do due diligence, provide relevant financial documents, contract agreements, and relevant legal documents such as acquisition agreements and equity transfer agreements were also fine.

Wei Jialan had already understood part of Gui'ai. com's situation earlier. This meeting was mainly to enthusiastically help implement the treatment terms into the contract. Yu Xing entering Zhenai. com would obtain a director position, a basic salary of 15,000 plus bonuses, and other benefits such as car and housing subsidies.

Yu Xing waited patiently for Wei Jialan to finish the introduction and smiled: "Really providing a car? I... isn't this too wasteful?"

"Zhenai. com is like this for talents. As for your situation, oh, usually our bonuses are the big head." Wei Jialan said with a hint of suggestion, "And, this love contract business has our company's resources, and the subsequent performance will definitely be done quickly."

Yu Xing nodded slightly and pondered again: "Wei Zong, I have another question, which is how should the employees and part-time employees of Gui'ai. com be handled during the transition stage?"

Wei Jialan said without hesitation: "Don't move, don't move anything. Since Gui'ai. com's own development is fine, why move it?"

Yu Xing thought left and right, and he had no problems.

He looked at this Vice President who had been in contact for a long time, wanting to hear if she had any other questions.

Wei Jialan looked at each other for a few seconds and smiled: "President Yu, then let's do this today. I will return to Pengcheng in the afternoon to start the formal process, striving to go to Pengcheng to work together this week."

Hearing this, Yu Xing was stunned: "Do I still have to go to Shenzhen? I thought I would be fine in Shanghai."

"Pengcheng is the headquarters, and you are our director. You have to go there to deeply understand the company and know our future." Wei Jialan's meaning was no longer just a hint.

Yu Xing was a bit embarrassed and had to express some heart: "Wei Zong, I have told Li Zong before that joining for these three months is just a form, and I won't do work."

Wei Jialan also pointed out: "President Yu, you don't understand our Zhenai. com. Sometimes, when you are willing to go and deeply understand, your thoughts will naturally change."

Yu Xing hesitated. Bai Xiaosheng needs to sacrifice a flag. If he really understands it deeply, he might really understand them to death...

He hesitated: "Deeply understand, is this good?"

Wei Jialan said enthusiastically: "What's not good? The working atmosphere at the headquarters is very good. President Yu, you are actually just out of campus, come and try."

Seeing her insist, Yu Xing could only say: "Alright, then it's fine for me to go to Pengcheng for these three months."

Wei Jialan extended her right hand with satisfaction. A college student's heart is easy to be warmed!

While shaking hands, Yu Xing had a thought emerge: Pengcheng is definitely a key market for Focus Media's screen layout. He just happened to go to the field to count how many blocks there are in this city.

Use the stupidest and most primitive method to measure the gold content of Focus Media block by block.

Yu Xing ended the communication with Wei Jialan and prepared to take Zhong Zhiling and Song Yufeng back to Shanghai, and at the same time notified everyone of the latest situation: Zhenai. com needs to go to the Shenzhen headquarters to perform duties for three months.

Zhong Zhiling raised a small question about this situation on the phone: "Brother Xing, will it only require you?"

Yu Xing then reacted: Is it only letting him go?

Zhong Zhiling said again: "Brother Xing, actually, I feel that it's fine for Xiaoying and me not to join Zhenai. com. Although we are shareholders, we should only need to sign a non-compete agreement, right? They just value you."

Yu Xing thought about it and felt it made more sense, praising: "Otherwise, why say, one person's plan is short, two people's plan is long."

Zhong Zhiling replied: "This matter is still quite obvious. After all, my ability is only 8.6% of Brother Xing's."

Yu Xing's thoughts for the past two days had been immersed in successfully selling the company and building Guo Shanfeng, preparing for Bai Xiaosheng, and he really didn't think carefully about the handover situation.

These things will be further confirmed after returning to Shanghai. If it is indeed like this, the 'Know-it-all' will still be implemented according to the original plan.

Song Yufeng was the first to meet with the boss, but he mentioned something hesitantly.

"Brother Xing, that, cough, that..."

Yu Xing said directly: "If you have something to say, say it. It's okay, is it about the website?"

"No, it's just..." Song Yufeng was hesitant, whispering, "That Yin Baoyi, she..."

Yu Xing understood: "You are talking about the shares promised to her before, right? Don't worry, I won't deny it. When the money from Zhenai. com arrives, the 39,000 for 1.5% will be transferred to her by you."

This was an agreement that did not fall into the company's equity. Song Yufeng's ex-girlfriend Yin Baoyi still had 1.5% of the shares.

Song Yufeng breathed a sigh of relief and said: "I just suddenly thought of this matter. After all, she still has a contract in her hand. I'm afraid she will make a scene and make things difficult."

"Don't worry, this sale of Gui'ai. com, all aspects of ours are compliant." Yu Xing said seriously, "My agreement with her is also executed according to the contract."

He smiled again: "It's too worth it to exchange Brother Feng for this little money."

Listening to such hypocritical admissions, Song Yufeng still felt a sense of relief in his heart.

He followed along for a while, then suddenly said with some worry: "Brother Xing, Yin Baoyi knows a bit about our exchanges. If she... keeps pestering us, what should we do?"

Yu Xing understood the implication and said without hesitation: "It's just a matter of money. If she continues to ask for it, just give it to her; you can even give her more."

Song Yufeng was stunned: "Huh?"

Yu Xing explained: "Try to make the amount particularly huge."

Hearing this, Song Yufeng reacted, and a chill instantly went through his heart: "Ex-extortion..."

"If she wants to use these things to demand money, isn't this typical extortion?" Yu Xing said calmly. "I am acting according to the contract, so this matter is settled. If she doesn't act according to the contract, then we will deal with it according to the law."

The chill in Song Yufeng's heart grew even stronger. Compared to Boss Yu, how was it that he was the one who seemed like he had just left campus!

He smiled reluctantly: "I will handle this matter; I will handle it well."

Yu Xing nodded slightly and evaluated himself: "If it were an average person, they would definitely be thinking about how to welsh on that 1.5%."

Song Yufeng thought to himself, an average person wouldn't be thinking about sending someone to prison, either...

Regardless, even though they had broken up, he still couldn't bear to see her end up like that.

"We are going straight to the station. You call Zhong Zhiling and meet up over there." Yu Xing confirmed that the tough nut no longer had any questions about the handling of the matter and gave a casual instruction.

By the time the two arrived at the station and bought their tickets, there was still a while before the departure and Zhong Zhiling's arrival. Yu Xing saw a law firm nearby and, thinking that being idle was just being idle, he let Song Yufeng wait there for the third-in-command while he went to consult on some matters.

Watching his boss's back as he walked toward the law firm, Song Yufeng couldn't help but let his imagination run wild. Boss Yu wouldn't be going to consult on how many years one could get for extortion involving a particularly huge amount, would he?

Yu Xing really didn't take the money of the shadow shareholder to heart; the matter he was consulting the lawyer about was the setup for preventing equity penetration of the company.

Like the mainland Gui'ai Network that was about to be sold, it was easy to find out that the parent company was the Xiangjiang Gui'ai Network, and Xiangjiang's regulations required shareholder information to be disclosed. Therefore, Bai Xiaosheng had no problems, but for Mountain Climber, more layers needed to be set up.

According to Yu Xing's understanding, institutions like Mountain Climber were nominally all research companies, and what they published were just research reports on a certain company. The actual short-selling funds did not need to be associated with Mountain Climber; they could go through various channels. And regardless of whether it was US stocks or Xiangjiang stocks, there were indeed many channels, and it was relatively safe.

Similarly, for Mountain Climber, what was important was not who was at the forefront, but whether the content of the reports it published was true. As for the influence of the institution, if it could succeed multiple times, it would naturally be able to influence more funds roaming in the capital market.

However, even so, Yu Xing was still willing to be more cautious.

The lawyer took the money and did the job, giving a suggestion that was outside of Yu Xing's thinking.

Yu Xing's consideration last night was to use companies in different regions to form a holding chain—for example, setting up company A in the Kaimanqundao, then having A hold company B set up in Luxembourg, and so on, borrowing the requirements for company information in different regions to circumvent equity penetration.

Besides taxes, the high confidentiality of shareholder information in regions like the Kaimanqundao and Seychelles was also an important reason why many companies chose them.

The lawyer affirmed Yu Xing's thinking and provided another setup he had completely not thought of.

"You can also use a trust structure to hold the company's equity; this increases the complexity of the holding chain."

"For example, set up a trust in a certain jurisdiction. This trust acts as the shareholder of the Kaimanqundao company. In this, you can use shareholder agreements, trust documents, and other legal tools to further prevent the leakage of information."

"Because it involves complex legal structures, many wealthy people set up family trusts precisely to protect their privacy."

The lawyer was very enthusiastic: "If you consider setting it up this way, it is best to consult professional legal and tax advisors. Trusts can also use multi-level trust structures to continue to increase the difficulty for outsiders to penetrate."

He handed his business card to the young man in front of him; he could feel the seriousness of this person, even though the young man had cut his consultation fee right from the start.

"Alright then, I'll call your number if I have a need."

Yu Xing politely said goodbye.

The lawyer reminded him: "Then let's exchange contact information."

Yu Xing smiled, flicked the business card, and did not leave his own number.

After he left the law firm and walked two steps, he casually threw the business card into the trash can.

As long as he knew this line of thinking, he would find someone else to do it when the time came.

"Brother Xing, how was it?" Song Yufeng saw his boss's relaxed expression.

"Quite good, the lawyer was very professional, the money was well spent." Yu Xing approved of this consultation.

Zhong Zhiling, who had just arrived, asked: "I heard that consultation fees are quite expensive; how much was this one-time inquiry?"

"This lawyer seems to have some fame, though I don't know if it's real or fake. There were all sorts of titles on the business card. He wanted 500, I cut it to 200." Yu Xing laughed, "It's quite good. We have to understand and abide by the law in everything we do, and we also have to comply with the laws and regulations of different regions."

Song Yufeng pursed his lips. Boss Yu, who didn't understand the law, was already so capable of causing trouble; if he continued to learn and understand the law, what would happen in the future?

Zhong Zhiling couldn't help but laugh: "Can you even bargain for this?"

Yu Xing nodded and gave his reason: "I'm a university student."

The proud identity of a university student wouldn't be usable for much longer; he would use it one more time while he could.