Chapter 290: The End (Two in One)

The SEC's review results will not be available for a while.

According to Martin's lawyer, it may be about a week, but he is not sure.

Fang Zhuo was very thoughtful when he heard this statement: "Is this leaving time for your law firm to work hard?"

Martin didn't answer, only gave an appreciative look.

When he was leaving, Martin said: "Mr. Fang, I think we can meet in China next time. I am happy to appear on various acquisition occasions. That always gives me a sense of satisfaction."

Fang Zhuo shook hands and thanked: "Lawyer Martin is the most capable lawyer I have ever met. I look forward to the day I meet you in China."

The two smiled at each other and got into the car.

Kong Yu, who was following him, followed his boss into the business car. He couldn't hide his excitement and said, "Mr. Fang, the scene of you shaking hands with the lawyer just now made me feel like I was witnessing history. I really should take a photo of it!"

Fang Zhuo was not excited at all, and only asked one sentence in return: "Where's the money? Where's the money for the acquisition?"

Kong Yu's excitement was concealed. He didn't come with Washington. He arrived one day in advance to talk to the local bank about the possibility of equity pledge.

"Well, Mr. Fang, I think there is hope this time."

Fang Zhuo made a "hmm" sound in his nose and said calmly: "If there is no result in the past few days, I will clear the other two stocks bought by MIGA first and use the money."

MIGA Fund currently holds shares in three major domestic websites. Except for Sina, those two are worth about five to six million US dollars.

Kong Yu was a little surprised and said in a low voice: "Isn't it a bit of a loss to move those two families?"

"I can't even move it out, so what else do you need?" Fang Zhuo gave him a sideways look.

Kong Yu stopped talking and felt a few more strong hairs leaving him.

The financial pressure is too great.

This is simply not a human job. I wake up worried in the morning, and I can still dream about it after I fall asleep in the middle of the night.

Kong Yu can only pray that the two banks contacted this time will believe Apple’s judgment on competitors.

He is always evil and cowardly, but if he can't do it anymore, he just persuades Mr. Fang to sell Yike. That doesn't mean he gets what he wants!

Silent all the way, the commercial vehicle sped back to New York from Washington. The two places were 400 kilometers apart, which was quite convenient.

Fang Zhuo basically had to wait for the results of everything he came to the United States on this trip, whether it was the SEC's review or the provision of bank funds, but he couldn't just stay in New York and wait. He had to go back to Shanghai to prepare for the filing.

Yike's market is still being vigorously developed, and Wal-Mart's warehousing channel has been a strong supplement in the past two months. At the same time, online Amazon has also shown good results after one contact.

In other words, the competition in the market is still dominated by Apple, and the latter's brand effect cannot shake the price factor too much. According to Yu Hong's estimation, Apple's price reduction is inevitable.

Fang Zhuo listened to market reports for two days in New York. He still had no answer until May 27, so he had to book a flight home for the next day.

I was accompanied by a colleague on this trip, Guan Jin, who is responsible for finance and trade in Beijing.

Since choosing Yike as the start of his career, Guan Jin has spent 90% of his time abroad, honing his character and abilities a lot.

"Brother Fang, I have a schoolmate who wants to join the company. Can you recommend me?"

It was Guan Jin's first time to fly in first class. After a novel observation, he chatted with the boss who was reading a newspaper with his legs crossed.

"Well, go back and talk to the human resources department." Fang Zhuo replied casually.

Guan Jin nodded silently and took out his M1 to listen to music.

The flight was long. Guan Jin slept for a while. When he got up and went to the bathroom, he found that his seat was taken by his neighbor. A middle-aged man was chatting with his boss.

Guan Jin knew that his boss was in a normal mood these days, but now he was smiling and laughing.

After the two of them finished chatting, she returned to her throne and asked curiously: "Brother Fang, what are you talking about, are you so happy?"

“A trading boss in Beijing said he had seen me on TV and wanted to introduce his daughter to me. I declined, but said that there was another senior executive in the company who was graduated from the University of Science and Technology, and he could introduce me to them, and we left our contact information. ." Fang Zhuoyan said concisely.

Guan Jin was surprised that the boss still had such leisure...

She joked: "Brother Fang, are you talking about Mr. Zhou? Don't let the wealth go to outsiders. What do you think of me?"

When Fang Zhuo heard this, he turned his head and looked at it carefully, and sighed: "They are richer than you."

Guan Jin exhaled, he didn't expect Brother Fang to be such a person who only cares about money!

The flight arrived in Shanghai.

Fang Zhuo, who only focused on money, went straight to the bank without even returning to the company. He communicated with Xue Xuan before boarding the plane and approached ICBC to discuss financing options.

Domestic is an alternative. In addition to the simplicity of the procedure, you also have to consider the issue of having a US dollar to facilitate operations on US stocks.

We had a pleasant conversation throughout the afternoon. Xue Xuan’s friends in the bank were very polite. The only fatal flaw was that they couldn’t raise much money.

In the evening, Fang Zhuo and Xue Xuan had a casual meal and discussed making an appointment with a bank tomorrow morning.

Seeing that there is only half a month left before Sina's shareholders' meeting, the demand for funds is already quite urgent.

When Fang Zhuo was jet-lagged that night, he listed the sources of funds raised by Sina, including the cash out of the NetEase and Sohu shares held by the MIGA fund, the pledge of a small amount of shares that Yike had already carried out in China, and part of the payment intercepted by Yike Technology.

At present, MIGA Fund and Yike Investment have absorbed a total of 10.9% of Sina shares, which is still 22.4% short of a veto-type holding.

The current funding gap is conservatively around 100 million Huaxia coins.

Yike completed the A round of financing, and Guohao.com still had money on its books. First Sony and then Apple wanted to acquire the company. There were also entrepreneurial programs on TV to talk to everyone...

But there is no money in my pocket.

Fang Zhuo thought about it, his friends in venture capital could not speak, and his acquaintances in his mobile phone address book could not speak. It was really difficult to find other ways to fill this gap.

It was under this circumstance that Fang Zhuo received a call from Sina Wang Yan on the second day after returning to China.

"Where is Mr. Fang? Coming to the capital to gather in a few days? Our Sina shareholders meeting is about to begin."

Fang Zhuo agreed: "I just returned to China yesterday, okay, no problem. I have been looking forward to gathering together to hear Sina's development policies."

Wang Yan was very satisfied with Mr. Xiao Fang's attitude.

However, when Fang Zhuo put down the phone, he was worried, where would the money come from?

The phone call scheduled a meeting in Beijing on June 3rd. There will be directors and shareholders of Sina. It is equivalent to holding a small "shareholders meeting" to communicate some opinions. It is also Sina's major shareholders and management who exert influence on the voting of the meeting. time.

In a total of five days from May 29, when he received the call, to June 3, when the party took place, Fang Zhuo almost met with people from the bank. Moreover, on June 2, he also met with some private individuals who had high interest rates. capital.

The success of these private capitals made Fang Zhuo consider whether to misappropriate the money raised by Yike from its US account.

On the evening of June 2nd, Fang Zhuo, who had left early and returned late, saw his sister who was about to prepare for the college entrance examination. He was quite apologetic. He had been too busy recently to take care of her.

"Qiqi, take the exam well and don't be nervous."

Zhao Suqi said crisply: "Brother, I'm not nervous."

Seeing that her brother still wanted to comfort him, she added: "I'm really not nervous. I was a little nervous at school before, but after I came out of the hospital, my mentality became much better."

Fang Zhuo was startled for a moment, then thought for a moment: "Okay, you have to do your best. After the exam, I will take you to the capital to see a world that is destined to be recorded in the history of domestic Internet development regardless of success or failure."

Zhao Suqi liked hearing this and nodded happily: "Okay, it's a deal."

She was willing to join in on this eye-opening fun.

The next day, after a good night's rest, Fang Zhuo led the people from Yike Investment to the capital. If nothing else happens, this trip may take a little longer.

The party was held in the evening, and most of Sina's institutional shareholders, individual major shareholders, and management were present.

It was also today that Fang Zhuocai met Duan Yongji, the former Sina major shareholder who transferred his shares to him.

Duan Yongji is a real business tycoon. He studied at Tsinghua University in the 1960s, and later obtained a master's degree from Beihang University. He served as the deputy director of the China Aviation Materials Research Center. After starting business, he fully mastered the Sitong Group and its operations in just a few years. Lead the listing.

He later served as the president of Zhongguancun Technology Company in Beijing. He was well-known in the country for his skill in the capital market.

It is worth mentioning that Duan Yongji is also a member of the famous Taishan Chamber of Commerce. This organization, which includes more than a dozen of China's top wealthy people, has been talked about by many people.

Fang Zhuo chatted with Duan Yongji for a few words under Wang Yan's recommendation. He only felt that his handshake was very strong, but he didn't feel much else. There were really a lot of people around this big boss.

In comparison, even though Wang Yan is the CEO of Sina, he is not the center of a small circle.

"There are so many people around Mr. Duan." Fang Zhuo couldn't help but sigh.

"It's not all from Sina." Wang Yan noticed Mr. Xiao Fang's eyes and smiled, "Mr. Duan has always been so busy."

Fang Zhuo wondered: "Does Sina's major corporate strategy need to be in his hands?"

Wang Yan was silent for a few seconds and said: "Mr. Duan is in charge of Sitong, Sina and Zhongguancun at the same time. According to him, Zhongguancun takes up 99% of his energy."

Fang Zhuo suddenly realized and nodded seriously: "Yes, Sina has you."

Coincidentally, Sina President Mao Daolin, who was surrounded by many people on the other side, said a few words loudly, which attracted a lot of applause, and Wang Yan glanced at him.

Then, he said modestly: "Sina can't rely on me. It needs elites like Mr. Mao and others."

Fang Zhuo almost blurted out a sentence and forced a change of subject: "It's inconvenient to mention the board of directors seats when I was chatting with Mr. Duan just now. Should I find an opportunity to talk about it again?"

Wang Yan nodded slightly: "After the reception, the board of directors will have a small meeting. Let's talk about it then."

Hearing this, Fang Zhuo suddenly remembered something and asked, "Didn't Mr. Wang say last time that there would be a new director this year? I haven't seen him today?"

"The people from the foundation are waiting for the conference." Wang Yan replied, suddenly realizing what Mr. Xiao Fang meant, and smiled, "The seats on the board of directors of the foundation have been decided before, and foreigners don't have much to gather with. "

In other words, the MIGA Fund does not need the communication after the cocktail party tonight to have a place.

In fact, Yike Investment holds 0.1% more shares than MIGA Fund, but there is indeed some difference in treatment. MIGA is just a fake person.

Fang Zhuo compared in his mind and carefully paid attention to the behavior of everyone at the reception.

Duan Yongji has been very busy, President Mao Daolin is walking around the whole place, CEO Wang Yan occasionally goes to a few circles to chat briefly, and some names that have always been in Fang Zhuo's heart are finally matched.

At ten o'clock in the evening, the cocktail party ended, and seven members of Sina's current board of directors came together to hold a small meeting.

The room is divided into inside and outside, with a small conference room inside and a waiting room on the outside.

Fang Zhuo was not able to go in right away, but followed a group of people outside to wait for the call before going in to discuss matters.

He was a little uncomfortable with this kind of behavior.

At 10:40, President Yike waited for 40 minutes before seeing the seven directors of Sina.

Not all directors were present at the previous reception, so Wang Yan introduced them again.

Fang Zhuo smiled and nodded, which was considered a greeting.

There was an oval table in the conference room. In the middle was Jiang Fengnian, the current chairman of the board of directors of Sina, and on the right was Duan Yongji, the co-chairman (anti-joke) of the board of directors, and on the left was Wu Zheng, the co-chairman (anti-joke) of the board of directors.

Wu Zheng was a member of the board of directors who came from the equity swap cooperation between Sina and Sunshine Culture last year.

He was also the main promoter of this cooperation that Fang Zhuo had criticized in front of the media before.

Chairman Jiang Fengnian had been informed of Yike Investment's pursuit of a seat on the board of directors, but after a closer look, he still found that Fang Zhuo was younger than he thought.

He smiled and said, "Mr. Fang is really young and promising."

"I came to Sina with the intention of learning this time." Fang Zhuo was very modest, "I have always been a loyal user of Sina, and this time Yike Investment's shareholding is also what I wished for."

The other directors were either representatives of institutions, old veterans of the previous generation, or had been instructed, and basically kept silent.

Duan Yongji adjusted the frame of his glasses and said earnestly, "Mr. Fang, Fang Zhuo, right, I have heard of you before, you Yike Investment, you can't act out of line."

Fang Zhuo was slightly stunned, where did you act out of line? Did he refer to the CCTV program?

Duan Yongji continued, "I watched the news a while ago, you Yike, you just released a product, and you guys made a cheap product run right after, at least give it a two-day break."

Fang Zhuo didn't expect to hear about his own product strategy here. This is about Lenovo's entry into the mp3 music player and Yike's release of S1 counterattack.

He thought for a moment and said perfunctorily: "Is it true? I'll ask when I get back to Shanghai. I've been in New York for a while, but I didn't know the marketing department was so aggressive."

Duan Yongji looked at Fang Zhuo and said: "This is a small matter. I just saw the report and said so. Young people, don't be too angry."

Fang Zhuo smiled and nodded.

There was almost no mention or discussion about the board seat of Yike Investment. Fang Zhuo didn't talk for a few minutes before and after. He just finished the business and went out like a queue. But it seems that it probably represents a consensus.

Looking back on the whole process, Fang Zhuo felt a little unhappy.

However, that night, New York sent an urgent telegram, Kong Yu came to report.

Washington Mutual Bank is willing to accept the equity pledge of Yike Technology and provide a one-year funding plan.

Mutual Bank, as its name suggests, is really mutual!

Fang Zhuo is happy.