Fooling Huayu for Thirty Years

Chapter 521: Fenbei.com goes public, Raja the accountant gets involved! To be with the mistress or not?

Hundreds of millions of dollars!

That's really tempting!

Fortunately, Ma Xun's net worth has long exceeded one billion, so while he can't say he's completely indifferent to the claim of hundreds of millions of dollars, he didn't show much surprise either.

This performance is quite good; you could say it's very suitable.

Not only did he not lose his composure in front of the second son of the Li family, but he even surprised the guy.

In that case, let's stop here for now.

The second son of the Li family originally said he would treat them to a grand feast, but Ma Xun and Bai Xiaohang still chose to return to their own place.

Once back at the mansion...

"Brother Ma, this business doesn't sound very reliable to me."

After dismissing everyone else, Bai Xiaohang, who had been holding back for a long time, finally opened his mouth to speak.

Ma Xun smiled and said, "If a normal person were to listen to this, they would indeed find it unreliable."

"Oh, so that means this business deal is unreliable?"

Bai Xiaohang's words implied that he himself was a normal person.

Ma Xun shook his head. "When we do business, we can't be too normal. There has to be a bit of gambling involved."

Once this bet is made, it's still somewhat acceptable.

"Shall we make a bet?" Bai Xiaohang was quite straightforward.

Ma Xun smiled again and said, "You know, I've never liked gambling."

Bai Xiaohang scratched his head. "Then what do we do?"

"Didn't you see?" Ma Xun asked him with a smile, "This is a huge bait."

"This... could it be a trap?" Bai Xiaohang understood what he meant.

Ma Xun nodded, but still smiled. "Of course there are traps, but how big they are is hard to say. Besides, there's a saying: fortune favors the bold, and the higher the risk, the greater the reward."

Bai Xiaohang was completely confused now. "Brother Ma, all I care about is your safety. I really don't understand anything else. Although I've been learning business from you for so many years, there are just too many intricacies involved."

Ma Xun did not blame him. "Very good, we must be more careful this time."

The good news is that the Li family is, after all, a legitimate business, but we still have to be wary of their underworld methods.

After all, the business involved is quite large.

As for the rest, just listen to me.

"Okay! I'll definitely do whatever you say!"

Bai Xiaohang patted his chest confidently.

Subsequently, security at the mansion was continuously upgraded.

Some areas should have more surveillance cameras.

There are also areas that need patrolling.

Another question is, how should we follow Ma Xun if he goes out?

This time it feels rather serious.

However, Ma Xun sensed something amiss.

Ma Xun knew from the beginning that the Fenbei.com project itself was problematic.

The founder, Zheng Li, is no good. He's a guy who has absolutely no bottom line when it comes to making money.

According to the original timeline, due to the rise of music websites and some software, Decibel.com became increasingly unsustainable.

So, Zheng Li started doing some weird things.

They found a lot of girls, trained them, and then tricked the men into spending money on clothes and minimizing games.

Zheng Li wasn't stupid; he knew that doing it that way directly wouldn't work. So, he teamed up with someone who knew technology to create a lot of fake IPs, pop-up ads, and other disguises.

Unfortunately, the case was eventually solved by the public security authorities.

When this incident came to light, almost everyone in the IT industry who had any connection with Fenbei.com at the time denied this history, trying to prove that they had no connection with Zheng Li.

Anyway, nobody wants to get into this mess.

Back to the present, Decibel.com is at its peak, and Zheng Li has reached the pinnacle of his life, moving the company from Chengdu to Beijing.

They've changed so many times, and now they look like decent human beings.

In fact, all of Zheng Li's actions, such as moving the company to Beijing, were a form of packaging.

Yeah, a company in Beijing, that sounds really impressive.

However, if we want to take this website public, then there is one thing we must do.

Package!

However, this packaging refers to packaging Fenbei.com's profitability.

It's quite obvious that Fenbei.com plans to IPO on Nasdaq.

After all, Nasdaq is a relatively easy market to go public in.

Especially in the IT field.

Ma Xun was actually preparing to take his company public, so he naturally did some 'study' of the major global markets.

Of course, Ma Xun actually really wants to list on the domestic market.

Going abroad, to markets like NASDAQ, is very convenient now, and there are many other advantages.

Some of these conditions are mandatory, while others are implicit.

However, from a long-term perspective, say twenty years from now, listing overseas may not be so much better.

Let's get back to the issue of listing on Nasdaq.

First, there is a very basic requirement: a company's net assets must reach $500 million.

This is net assets; it means that even if the company were to be liquidated, they could scrape together this amount of money by selling everything they own.

In fact, just looking at this one condition alone, there are serious problems with Fenbei.com's listing.

This lousy music website doesn't even have $500 million in net assets!

but.

Since it's about making music, then musical assets are intangible.

Simply put, the music copyrights owned by this company must be worth money, right? So, in this regard... that's right, actually, that's why the second son of the Li family and several other bosses are all trying to get Ma Xun involved.

Because Ma Xun granted Fenbei.com copyright authorization, which, to put it bluntly, means the music copyrights of two big names, Phoenix Legend and Jay Chou.

You know what, if you calculate it this way, then Fenbei.com's $500 million net assets would be perfectly compliant.

However, this is not a complete authorization; to put it bluntly, there is a great deal of room for maneuver within it.

In other words, if Ma Xun really takes action in this direction, then his 20% stake would be far too small!

After all, the biggest names on this website right now are Phoenix Legend and Jay Chou.

Of course, Fenbei.com will definitely say that they also have the copyright to Super Girl, and that they have also signed other copyrights, such as Mouse Loves Rice.

This song is incredibly popular right now; if you're talking about its value, $500 million would be a fair price.

In short, the basic conditions for listing are met, but some aspects are still uncertain.

That's certainly how the cultural business works; it emphasizes the superficial.

Much of the value is estimated.

Okay, this forecast is another condition for listing on Nasdaq.

In other words, a reliable institution needs to come up with an asset valuation for the company that is going to have an IPO.

This thing is just a forecast.

And the most reliable financial institutions are definitely those from the United States.

In addition, one more thing is needed.

In other words, to list in the United States, you need to hire one of the Big Four accounting firms.

That's what the Tao is all about.

But it's important to understand a key point: when listing in China, we also look for these four companies.

why?

This story begins with the WTO, because we did indeed gain a lot of benefits from joining it.

But you can't take all the benefits, right?

That's right, we outsourced the accounting and bookkeeping business.

All companies in China need to go public, whether it's the domestic A-shares, Hong Kong H-shares, or overseas NASDAQ, etc.

They all have to entrust this aspect of their business to these four firms.

Then the Big Four accounting firms will provide you with a listing-related document... which is basically a template. Twenty years later, there was a company that was going public, but when it went public, they suddenly discovered that the company name was misspelled in the document.

It was written as "something".

This is a true story; it's been reported in the news.

In other words, they took the easy way out, thinking they could just change the data in the text file, but they forgot to change the company name.

These Big Four accounting firms... it wouldn't be wrong to call them utterly infamous.

Anyway, twenty years later, many financial cases are related to them.

For example, the collapse of a certain major company was partly due to the misdeeds of these four companies.

To put it bluntly, I helped that Xu guy make a lot of false accounts to deceive his superiors and subordinates.

But there's no other way now; if you want to go public, you have to go through the Big Four accounting firms.

Furthermore, since they are the Big Four accounting firms, they will almost certainly "require" you to set up a company in places like the Cayman Islands or Ireland.

It means setting up a company in one of these so-called 'tax havens'.

This 'requirement' is in quotes; they call it a suggestion, but if you don't do as they say, they won't do the accounting for you.

Without their written documentation, the IPO process simply wouldn't go through!
Of course, there are many other details, such as financing ability. Although the net worth requirement is $500 million, if you can raise $7500 million, then listing on Nasdaq will be much easier. I won't go into details.

In short, these three aspects are the most important conditions.

Upon closer examination... it's not wrong for the second son of the Li family to say that he could have hundreds of millions of dollars in profits.

If the IPO is successfully completed, then that's certainly true.

However, it must be packaged beforehand.

This 500 million net worth needs to be packaged, after all, we're all about cultural things, which are pretty superficial.

Another point is the company's future prospects; that's what reliable financial institutions assess.

But these packages...

Ma Xun naturally thought of one person.

After Bai Xiaohang left, Ma Xun immediately picked up the phone.

"Mr. Jia, is now a convenient time to talk?"

"Mr. Ma, of course it's convenient."

"I mentioned Fenbei.com to you before, right?"

"Of course, I've always been very interested in this website."

"Okay, so now that this website is going public, I wonder..."

"Huh? It's going public? What's going on... Oh, it's nothing."

"Yes, yes, it's nothing. I'm in Hong Kong now. If Mr. Jia..."

"I'll buy a plane ticket as soon as I have time."

"Alright, I look forward to Mr. Jia's arrival."

So... Ma Xun called Jia Yueting?
That's right, we're going to drag this guy down with us!
Actually, Ma Xun had mentioned this Fenbei.com to Jia Yueting before, and Jia Yueting seemed to be paying close attention to the website.

In Ma Xun's view, Jia Yueting is probably also going to get involved in music, after all, it's part of his ecosystem.

So, now is a good opportunity.

But in reality, don't forget that key point.

Package!

Accountant Jia is an accountant himself, and he is best at calculating a company's future profits in the present.

Now, let him come over.

Jia Yueting VS Li's second son?

Hehe, this show is sure to be very interesting.

And Ma Xun was the director of this scene!
……

Central.

Two girls are strolling around the mall.

"Hey, have you made up your mind yet?"

"This, this..."

"My dear lady, you've already picked out this dress several times already."

"I, I just..."

"Alright, alright, let's go get something to drink first."

He roughly put the skirt back in her hand and then dragged her away.

But you dare not resist.

The girl picking out a dress is none other than Xiao Mi!

So the girl who put the skirt back is... Moon Young-shan!
That's right, these two best friends came to go shopping today.

Some people will definitely ask, aren't Xiao Mi and Wen Yongshan mainly developing their careers in mainland China?
That's true, but it's summer vacation now.

They weren't filming, so they just came to Hong Kong for fun.

However, of course, she didn't just come here casually; at least Xiao Mi had a special reason.

Since returning from Inner Mongolia, Xiao Mi has taken on some commercial and acting roles.

She didn't forget to go to school, although she didn't spend much time there.

But none of that matters.

The most important thing now is that Xiao Mi's face has changed.

It's probably because I ate a lot of meat, including bone meat, in Inner Mongolia.

For example, beef jerky and spare ribs.

My daughter's cheeks have gotten bigger.

Actually, it's hereditary; her father was like that too.

However, I was younger before, and I didn't eat like this.

Her face didn't lighten.

It's not working now; we can't suppress it anymore.

How to do?
Actually, there's a very simple way.

Let's do it.

This isn't exactly a novel thing in the entertainment industry.

Especially now, many of them have been altered.

However, Xiaomi was still a little hesitant, just like when she was choosing a dress.

Pick it up, put it back; pick it up, put it back.

Wen Yongshan, of course, saw through Xiao Mi's intentions.

Anyway, she was very decisive and just said, "Let's just do it."

Unfortunately, Xiao Mi still hesitated.

In Hong Kong, it's fine to do DO (do it) without any problem, since there are many hospitals specializing in this area, and more importantly, it can keep your mistress's privacy.

But... she just hesitated.

But as the two were walking toward the coffee shop, a group of people suddenly appeared.

Wow, that's so cool!

"That is……"

The one being protected in the middle of this group is, of course, Ma Xun.

He came here because he had arranged to meet Jia Yueting.

There was no other way; Jia Yueting had to accompany his 'wife' shopping first before discussing business.

And Xiao Mi and Wen Yongshan...

"By the way, how about we let Brother Ma help you make a decision?"

Wen Yongshan's suggestion is excellent.

But the mistress's reaction was to immediately drag Wen Yongshan away and run away first...

Ma Xun hadn't been paying much attention to his surroundings, but suddenly two little girls were running around in a panic...

"The two of them? Are they avoiding me?"

(End of this chapter)