I'm in the county town, and you say I'm a big shot?

Chapter 475 Firefighter Li Li
"Yes, Cai Chongxin from Alibaba personally came to Yanjing and met with Mr. Zhang to say that he wanted to invest in ByteDance."

"Didn't they mention any conditions?"

“No, they said this is purely a financial investment and Alibaba will not interfere with ByteDance’s specific operations,” Wang Yu said.

"Heh? You've been quite obedient this time." Fang Qingye smiled faintly. "But there's no need. We're only raising 200 million, so we don't need to bother such a big shot."

A clean and decisive refusal!

Wang Yu was somewhat surprised, but it was within his expectations.

It is said that when Ele.me was raising funds at the beginning of this year, Alibaba rejected Fang Qingye's offer and even proposed to acquire Ele.me!

shit
I was originally going to use your funds to continue raising this chicken, so that it would grow up and lay eggs, allowing you to enjoy the profits. But instead, you want to buy the chicken outright!

Fang Qingye refused without hesitation!

Wang Yu learned these insider details through Wang Chenyang.

Although the two are CFOs of different companies, they are both dispatched by Topway Technology and are colleagues in a sense.

Besides, this isn't a company secret.

“There’s another issue,” Wang Yu said. “After this round of financing, the shareholding ratio of companies including Tuofang Technology and Zhang Yimin will be reduced. They will definitely need to raise funds again later, and he is worried that if his shareholding is too low, he will lose his say in ByteDance.”

Fang Qingye chuckled and said, "Don't worry, as long as I control ByteDance, he will be the CEO. He has no choice but to accept the position."

“But Tuofang Technology’s shares will gradually decrease. Although it currently holds 56.25%, it will definitely drop below 50% in the future,” Wang Yu expressed his concerns.

“I have thought all of this through. I will resolve this issue when I go to Yanjing for the board meeting.”

Seeing Fang Qingye's confident demeanor, Wang Yu said nothing more.

After Wang Yu finished his report, Fang Qingye said, "That's settled then. Go back and rest. Tonight, my wife, as the CEO of Tuofang Technology, will invite you, Wang Chenyang, Li Li, Qin Jing, and other senior executives of Tuofang Technology to dinner. You'll have a week off starting tomorrow to go back to your hometown in Hunan Province to visit your parents. You haven't been back for a year, have you?"

"Yes, my mom has talked to me about it several times on the phone," Wang Yu said truthfully.

"Go back and take good care of your parents, that's all." Fang Qingye stood up.

Not long after Wang Yu left, Bai Ou knocked on the door and came in.

"Are you done talking?"

"Okay, let's have dinner together tonight. You can treat us as the CEO of Tuofang Technology." Fang Qingye briefly explained the invitation.

The white lotus root naturally had no objections.

"How about your side? How are the discussions going regarding opening a branch office in Hong Kong?" Fang Qingye asked again.

"After discussion, Li Li, Wei Xinghua, Duan Xuebin, Gao Xiang and I decided that Tuofang Technology will first open a branch in Hong Kong. Tomorrow's Lifang project will be postponed. Tuofang Technology is just an asset management company with low requirements. It will serve as our bridgehead for going global."

“Okay.” Fang Qingye nodded: “Who should be in charge of the fundraising?”

"This is a big problem. We need to find someone who is loyal, reliable, and capable. Tuofang Technology only has 12 full-time employees. We've also sent out Wang Chenyang, Wang Yu, and two others. The remaining employees are not capable of handling things on their own."

"We really need to accelerate the training of talent at Tuofang Technology, otherwise we might not have any manpower when they open branches in the United States and Brazil in the future," Fang Qingye sighed.

Don't underestimate Topway Technology Company just because it's small; it manages a considerable amount of funds.

According to Fang Qingye's plan, half of the profits from this soybean speculation should remain in Hong Kong in the form of US dollars! It is estimated to be two hundred million US dollars, so a loyal and reliable person must be appointed as the head of the Hong Kong branch.

Thinking about this, Fang Qingye reflected on herself: "No wonder I only cared about Tomorrow Cube and neglected TopCube Technology."

“That’s because you’re too capable and handle everything. I’ve already started planning to expand Tuofang Technology’s full-time staff by about 40 people within two years through campus recruitment and social recruitment, mainly in finance, administration, international trade, and law,” Bai Ou said.

"Another thing is to establish a legal department, starting with Tuofang Technology Company!"

"Okay, you decide. So what about this time? Temporary hiring?"

“Li Li said she’ll go,” Bai Ou said. “Li Li is willing to go?” Fang Qingye was a little surprised: “She doesn’t speak Cantonese and will be unfamiliar with the place.”

"Yes, but she said that initially Tuofang Technology only had herself, so she has experience."

"Haha, she's become a firefighter, able to step up in crucial moments," Fang Qingye praised.

“Yes, I agree. Tell her that the position of vice CEO of Tuofang Technology will not be revoked, and that she will be doing it part-time. We should train a suitable candidate as soon as possible, and then she can come back. I will go to Hong Kong with her then.”

"Okay, you can contact Wang Tao from DJI again and ask him to help find a Cantonese-speaking employee to go to Hong Kong with you so that communication will be easier."

"Ok"

That evening, at the restaurant on the 53rd floor, Bai Ou, as the host, treated everyone. Everyone was from Tuofang Technology Company. On the one hand, it was to welcome Wang Yu, and on the other hand, upon hearing that Li Li was going to Hong Kong to set up a branch, they immediately expressed their congratulations to her.

Everyone praised Li Li for being a versatile person who could step up in crucial moments, which made the girl blush and feel a little embarrassed.

But I'm actually quite happy.

You should know that everyone here is a graduate of a top university, while I only went to a third-tier university, but now I have earned their recognition and respect!

Bai Ou personally oversaw the establishment of the Hong Kong branch, preparing all the necessary materials and handling personnel exit procedures. Fang Qingye didn't need to worry about that; he was currently focused on ByteDance's Series A financing.

In fact, Tuofang Technology could easily cover the 200 million yuan itself; it wouldn't need anyone else's money.

However, he cannot do that. In ByteDance's equity structure, Tuofang Technology holds a 56.25% stake, which should not be higher.

From another perspective, ByteDance is developing rapidly and will expand overseas in the future, so it must choose investors who are conducive to its own development.

Ideally, it should be with large conglomerates, as this not only provides access to funds but also resources and connections.

Haina Asia is one of them.

According to Wang Qiong, a large financial investment services company, if ByteDance receives investment, it will be able to leverage Asia Pacific's global network to gain direct assistance from Asia Pacific's subsidiaries, including those engaged in public market investment, capital market research, and trading.

Qihoo 360?

A company that started as a security software company has just engaged in the famous 3Q War with Tencent on the internet.

If you install QQ, you can forget about installing 360!

The two sides went from a cyber war to a real-world appeal, and finally shook hands and made peace only after strong intervention from the state.

According to unofficial historical accounts, during the most intense period of the conflict, the police in the area where the Nanshan Pizza Hut was located once went to Beijing to arrest people, which scared the owner of 360 so much that he fled to Hong Kong. Only the intervention of the military prevented the operation from succeeding.

360 is a leader in security technology and has partnerships with the military.
Thinking this way, 360 isn't bad either. Through investment relationships, it can establish strategic partnerships in security technology, including cybersecurity for other companies under its umbrella.

DST Global, a Russian investment company, is a major investor in CIS and the Eastern European internet, holding over 70% of the local market share. They'll need it in the future.

Fang Qingye was drinking tea in his villa, pondering potential investors.

Damn, too much of this isn't good either.

Just then, her phone rang. Fang Qingye saw that it was Shen Nanpeng from Sequoia Capital and answered it without thinking.

"Hello, Mr. Fang," came Shen Nanpeng's enthusiastic voice from the other end of the phone. "Are you in Shanghai right now?"

"Yes, just handling some official business."

"Are you free tomorrow? How about we find a place to chat and have some tea?"

Ah?
At this time, all I need to do is chat and drink tea.

Was his true intention not in the bar?

(End of this chapter)