Since they are reborn, they must be supported by the school beauties.

Chapter 265 Visa in Hand
After receiving payment, Lingzhou Pharmaceutical easily met the performance requirements of the performance-based agreement, and also gained a good reputation throughout the province and even the country.

Immediately afterwards, Chen Cheng invited Qi Duo to Jiangcheng to sign the termination agreement.

Qi Duo, carrying the entrustment of her fellow villagers, came to Jiangcheng alone to meet Chen Cheng again.

After meeting her, Chen Cheng noticed that this once dashing older sister had become somewhat tired, and the heroic spirit she had shown the last time they met had diminished considerably.

When Qi Duo saw Chen Cheng again, she felt somewhat depressed. She originally thought she had caught a sucker who was getting too big for his britches, but she didn't expect that he was the real hunter who had taken more than 30 million yuan from them with just a little bit of goodwill as collateral.

However, Qi Duo also told Chen Cheng that not everyone was willing to terminate the agreement this time. Several people still hoped that the contract would continue to be fulfilled, and they were betting that the market would grow in the future.

Of the 1,100 indicators, about 1,000 are willing to terminate the program, and the rest will be observed further.

Chen Cheng didn't care about this. The reason he agreed to Qi Duo's request to surrender and lose half was entirely because he had achieved his goal of using the situation to his advantage and also gained a profit margin of more than 30 million. Therefore, he didn't want to push them to the brink, otherwise these people would surely die if they continued.

After the agreement was signed, Lingzhou Pharmaceutical's finance department transferred the funds to these Wenzhou speculators, bringing the short selling to a successful conclusion.

The profit of over 30 million yuan from short selling, plus the net profit of over 60 million yuan from normal sales of Banlangen, adds up to almost 100 million yuan.

According to the previous cooperation agreement, of the 100 million yuan profit, Yan Chengbin would take the lion's share, accounting for 75%, Shen Zhou would take 15%, and Chen Cheng would take 10%.

Although Shen Zhou didn't earn much, he was already very satisfied. He knew that the more than 100 million yuan he made from Banlangen was mainly obtained by Yan Chengbin by using several hundred million yuan of goodwill to extract money from the people in Wencheng. Without his help, even if Chen Cheng told him to stockpile Banlangen, he wouldn't have enough ammunition to make a mess of things.

Now, having weathered the crisis of the performance-based agreement, gained brand awareness and a good reputation, these are the greatest gains.

Chen Cheng was quite satisfied. He had made ten million yuan by using his brain, taking stock of resources, and setting up his own schemes. What more could he ask for?

After distributing the profits, Shen Zhou secretly had Shen Luning transfer five million yuan to Chen Cheng's account. Only after the money was transferred did Shen Luning tell Chen Cheng that it was a token of her father's appreciation for his help to Lingzhou Pharmaceutical during this period.

Chen Cheng felt that this gesture was too heavy and wanted to return the money to Shen Luning, but Shen Luning directly told him: "The money was transferred by my dad, so don't transfer it to me, or I'll exchange it for cash and send it to Jiang University, and I won't talk to you anymore."

Having no other choice, Chen Cheng could only say, "Then I'll keep the money for now."

He didn't want to take advantage of Shen Zhou, nor did he need Shen Zhou to thank him with money. He just didn't like the back-and-forth about money, so he decided to keep the money for now and see what to do with it later.

He didn't expect that Yan Chengbin would call him right away and say directly, "Xiao Chen, your uncle made 75 million this time. To express my gratitude, we'll split the profits 50/50. Give me your bank account number and I'll transfer my half to you."

Chen Cheng was startled and said, "Uncle Yan, this matter would not have been possible without your good reputation as collateral. Moreover, the distribution ratio was agreed upon in advance, so please don't give me any more money."

Yan Chengbin said in a serious tone, "It's not reasonable for me to take so much. How about this, I'll give the money to Xuanxuan later and let her keep it for you. If you need money, just ask her directly."

Chen Cheng was speechless for a moment. Yan Chengbin was giving the money to his own daughter, and no one else could interfere. However, Chen Cheng felt that no matter who the money was given to, he should not handle it himself.
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With the start of the school year approaching, the visa agency told Chen Cheng that he could schedule an interview at the U.S. Embassy.

Worried that the embassy might suspend visa processing when SARS was severe, Chen Cheng chose the embassy in Shanghai for safety reasons and took time to fly there before the official start of the semester to participate in the visa interview.

Because his application materials were comprehensive, and he was also the founder and owner of the popular website Xiaonei.com, Chen Cheng's interview went very smoothly.

After obtaining his visa, he returned to Jiangcheng and began making plans for taking a leave of absence next semester.

He plans to communicate with his class advisor about taking a leave of absence as soon as school starts, complete the leave of absence procedures as soon as possible, and then begin preparations to depart for the United States.

After arriving in the United States, he planned to find a local intermediary agency to register an offshore company overseas, use his current campus network to hold a controlling stake in the other party, and then put the overseas version of Facebook into the shell of this offshore company.

The overall organizational structure is somewhat similar to the later model of ByteDance. The same product is called Douyin in China and TikTok abroad. The overseas version is operated independently within the framework of an overseas company, but the capital structure is still controlled by the domestic parent company.

This would greatly increase operational freedom, and it would even eliminate the need to hire R&D personnel in the United States. All R&D and technical work could be carried out domestically, with the US only needing to set up a branch office similar to an office to get the business running.

Once the business in the US is up and running, the main revenue will be the same as in China, with value-added services being the core source of income.

Once user engagement is high, gradually opening up advertising can further boost revenue.

If self-sufficiency can be achieved as soon as possible, then the financial pressure will not be too great. First, apply for some foreign exchange in China and lend it to the holding offshore company for operation. After the business is running, the loan will be repaid to the parent company. Most of the remaining income can be used for investment, and a small part can be kept in the offshore company's account as reserves.

Chen Cheng's approach is more similar to ByteDance in its later stages. ByteDance was a company that focused heavily on algorithmic logic and user experience in its early stages, but later focused solely on monetization.

In the early days of both Toutiao and Douyin, there were very few ads. You could watch 20 or 30 short videos and sometimes not see a single proper ad.

However, once user engagement increases and the company establishes its market position, watching ten videos will reveal at least four hard ads, two soft ads, and one live-streaming e-commerce link.

Chen Cheng's goal is to transform Facebook into a game-changer, a product that is successful both domestically and internationally, like ByteDance.

The day before school started, Chen Cheng received a call from Lu Youyou. On the phone, Lu Youyou asked him, "Chen Cheng, have you gotten your driver's license yet?"

"I passed the exam."

Chen Cheng casually asked, "I got my license before the New Year. Did you go back to Jiangcheng?"

Lu Youyou asked, "I just arrived. Are you free this afternoon? How about we go out for a walk together, and then have dinner together tonight?"

(End of this chapter)