I am the only one who practices magic: I practice magic in the city

Chapter 414 Questions and Answers (4297)

"You guessed it right, it was me who did it."

"The flow of funds in your trusts is not very careful, and now you are doing Internet finance, right? 720 Digital's leverage ratio is not low. If the creditors believe that you still retain control of the trust, it will be bad if the trust is destroyed."

"Boss Qiu, take care of yourself."

Fang Yu reached out to help Qiu Hongyi straighten the collar of her polo shirt, and patted Qiu Hongyi's face.

The muscles on Qiu Hongyi's face trembled and she couldn't help but reveal 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 wealthy 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 the 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 personal debts.

But at the same time, the 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, and the trust has not been truly established effectively. The funds still belong to the principal, and the trust loses the meaning of asset isolation and debt isolation.

At that time, creditors can claim that the trust assets should also be 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 known only to you, a secret that could cost you your life at a critical moment, being casually revealed by someone else.

What made him even more frightened was the look in Fang Yu's eyes just now.

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 a plaything!

He had been to Ranthambore National Park in Bharat and had seen up close a male Bengal tiger nonchalantly holding a rabbit under his paws, occasionally releasing his paws to fiddle with the rabbit, while the poor rabbit under his paws did not even dare to move.

Just now, he felt that the way Fang Yu looked at him was exactly the same as the way the tiger, which was over two and a half meters tall, looked at the rabbit!
At this moment, he realized that if what Fang Yu said just now 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.

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 big Qiu who even dared to criticize the former Lord of Yian Prefecture?
What did Fang Yu say to him that could scare him like this?

Qiu Hongyi's intuition was still very accurate. Fang Yu indeed never regarded him as prey.

In Fang Yu's opinion, let alone an opponent, 720 doesn't even qualify as a prey.

In fact, you are not even qualified to be a plaything.

If Chihiro is a vicious tiger who is only interested in profit, then 720 is a spotted hyena who only likes to dig anal holes.

Outdated technology, poor operations, short-sighted strategies, 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 Great Zhou era were completely glorious?

Some rely on their father-in-law, some rely on their brother, some rely on social people, some sell fakes, some engage in pyramid schemes, some engage in piracy...

Even Fang Daqiang made a lot of moves in the early stages that now seem to be overstepping the line.

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.

What's more, 720 had not previously carried out any substantial offensive actions against Ysou and Youzi Technology. Taking the initiative to kill 720 would easily lead to a shift in the camp's position.

720 is not a good faction, so killing it won't cause much deviation, but it will definitely cause some deviation.

Originally, Fang Yu was too lazy to pay attention to him. Anyway, with the expansion of Youzi Technology and Ysou's business, 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 could have thought that Qiu Hongyi would dance like this.

Since the battle with the penguin, Qiu Hongyi has been much more obedient in recent 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 she 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 it. 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'm giving you a slap not because you're bad, nor because I want to enforce justice, but simply because you're an eyesore.

Without the leader to stir up trouble, Chen Wei had already expressed his approval of the competition results. 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 approached the two of them to work together, 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 attack Y-search 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 strong demands 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. The two Mas are very clear that no matter who acquires Qianxun, they must split and sell many of Qianxun's business segments after the situation stabilizes, and Didi is the buyer who can 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 G round of financing of 4.5 billion US dollars. However, the global capital market began to show signs of cooling down due to the fermentation of the double events of Alcatraz and BlackRock, and Didi also encountered a major change in its management. It felt like they would lose money as soon as they invested 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 its map business 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 the accelerator of Didi.

After Qianxun went bankrupt, the map business alone revitalized Didi, which was truly a blessing in disguise.

In this case, did Chen Wei 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, I have been with you for so many years, how have I treated you unfairly?
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 Ma 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 told me directly before that you had reached an agreement with the three companies, and that after Ali really acquired Qianxun, he would sell the map business to you, why did you have to be so secretive? It's a bit petty and not like your style."

As he spoke, Ma Yun looked at the hemp vine next to him and said, "Boss Ma should have the same opinion as me, right?"

Mahua Teng also 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 Weixin."

Chen Wei smiled bitterly: "Teacher Ma, President Ma, you misunderstood. I don't have any 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 this matter.

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 has brought this expertise to its fullest potential, otherwise Didi would not have expanded so quickly.

The rapidly expanding valuation has also enabled Chen Wei to obtain more external resources. To date, the social relationships around Chen Wei can be regarded as the top circle of friends in the Great Zhou Dynasty, and in some areas 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 I didn’t know?

"I won't explain 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 the situation?
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 combined 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 questioning letter 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 and operating experience. It would be too risky for the regulatory authorities to decide that Ysou should acquire Qianxun based solely on the results of this competition.

Third, the monopoly problem. Currently, Ysou has become the search engine with the largest market share in Dazhou. After its acquisition of 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. This constitutes 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 is shameful enough to write them down.

The top executives of both 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 Q&A document above.

Unexpectedly, the formal 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 is the criterion for judging the comprehensiveness and advancement of technology? Let's talk about the white cat and black cat theory again. When it comes to Qianxun's problem, facts speak louder than words. Being able to solve problems is the golden standard. Solving problems does not mean that the technology is advanced and comprehensive, but failing to solve problems does not necessarily mean that the requirements are met.

Second, the IT and Internet industries are changing with each passing day, and judging risk by the length of time a company has been established is not objective. If such a judgment standard were used, Penguin would not have obtained a communications license that year, and Ali would not have been able to obtain a third-party payment license.

Third, in response to the doubts raised by the skeptics, the relevant institutions have conducted a detailed investigation into Ysou's current market share. According to the proportion of main business revenue, Ysou's current revenue accounts for only 0.003% of the total search market, which is almost negligible and does not constitute a de facto monopoly.

When Ma and his senior think tank saw the content of this reply, they immediately realized that something was wrong.

If the first two responses made sense, 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 many of their bidding projects!
Ma Yun shook the Q&A document and said angrily, "I knew there must be something wrong! They said there was not enough time to operate, but I think it's because there is 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, it was almost seven o'clock, so 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 are you looking at? There is nothing worth paying attention to.

As soon as the third one was released, Ma Yun sat up straight.

That's it!

(End of this chapter)