What's wrong with me being a rich man?

Chapter 186: Polished
Yu Xing did not feel much about disrupting the dinner party of Today Capital, but just decided not to participate in such activities next time.

Coincidentally, the next morning after he finished the company meeting, Liu Jiankai called him. On the one hand, he expressed Mr. Xu's anger, and on the other hand, he helplessly announced that he would never invite Yu Xing to such occasions again.

"Mr. Yu, I really can't invite you. We're all just chatting casually. Do you have to make a big deal out of it?" Liu Jiankai plays a certain bridging role and they have a good relationship, so it's natural for him to complain.

"What a coincidence! I was thinking that I would never go to such dinners again." Yu Xing said with a smile, "I'm not exaggerating, but have you forgotten what I do?"

Liu Jiankai sighed: "No matter what you do, unless you are shorting, you don't need to care so much about what is said at the dinner table."

Yu Xing said seriously, "I have to distinguish right from wrong a lot of the time when I'm a know-it-all. Our website plays a different role within the legal framework, so I'm more concerned about this kind of thing. Forget it, let's not talk about it. It's over. Don't look for me in the future."

Liu Jiankai was silent for a while, then hesitantly said, "The next round..."

"It's all right." Yu Xing expressed his attitude directly. "Everyone has different tempers, so why do we have to be so uncomfortable? But, Mr. Liu, no matter what, I still want to thank you for your concern for Bai Xiaosheng for a long time. The door of Bai Xiaosheng will always be open to you."

As Liu Jiankai listened, he discovered that the doors opposite were open, and he felt both amused and helpless.

Finally, he could only say, "Boss Yu, I'm not kidding. Boss Xu is really, really, really angry this time."

Yu Xing asked back: "Do you think I'm joking?"

Liu Jiankai sighed and ended the call with a dull look.

Somehow, he still admired Yu Xing very much, even though he was not easy to get along with at times, but it was precisely because of this that he was able to build his current company.

He made a special visit to Mr. Xu today, and the answer he got was that he didn't need to pay attention to the development of Bai Xiaosheng, but should shift his focus to other projects.

It was obvious that President Xu was going to give Bai Xiaosheng the cold shoulder. What happened yesterday really made her lose face.

Actually, in this kind of matter, this kind of matter where Sino-Forest is clearly falsified, if Yu Xing's words carried weight and he expressed different ideas, the tone of the dinner table would change immediately, and even if there was a conflict with Mr. Xu, it would become a laughing stock.

Unfortunately, Bai Xiaosheng was still just a rookie, so Yu Xing's stubbornness seemed inappropriate.

Liu Jiankai was stunned for a while and could only shake his head helplessly. He might not be able to invest in the next round. This was related to the company's reputation in the industry. If President Xu could still invest under such circumstances, it could only be said that she was really broad-minded. As for the money that Today Capital had already invested, there was no need to worry about losses. Yu Xing was originally opposed to venture capital intervention and would still work hard to build up the company.

On this day, Yu Xing handled his work as usual and did not think about the situation of Today Capital.

However, when Bai Xiaosheng was about to get off work in the evening, he was unexpectedly sued.

——Jiahan Forestry announced that it would sue Bai Xiaosheng, accusing the website and some users of infringing the company's reputation rights.

Yu Xing was first forwarded the news, and then he received a call from Sino-Forest Company.

He just felt that this was... too ridiculous!
Hey, you sued the wrong company!
But I have to say, the search for people was quite accurate!
"Even if Bai Xiaosheng deletes the post now, we can still withdraw the lawsuit!" said the legal officer of Sino-Forest in a stern voice.

Yu Xing couldn't help but be curious: "Hey, your company's market value has dropped so much, how can you still care about these things? Besides, our website is not the only one talking about Sino-Forest."

"Everything will be fine once the stock is re-listed," the legal officer explained, and then again demanded, "Mr. Yu, Bai Xiaosheng must delete the post. As a platform with millions of users, you have seriously affected the reputation of our company. Moreover, the content of your post has been reprinted by other media!"

"Also, you have to submit the user's information. He is also within the scope of prosecution!"

"As an Internet service provider, your Bai Xiao Sheng platform must be responsible for any infringements that occur on the platform. If you still do not delete the post after receiving a clear notice from Sino-Forest, you cannot be exempted from liability based on the safe harbor principle!"

The safe harbor principle is a core principle commonly used by online platforms to avoid responsibility.

Yu Xing thought for a while, and finally said with regret: "You guys can't find the mountain, so you come to us to vent your anger. I tell you clearly that your request cannot be granted. Just follow the procedure."

"Then see you in court!" The legal department said this, and it seemed that he was really determined to protect the company's remaining reputation in this way.

Yu Xing found this matter very strange.

He invited Xiaoying to his house for dinner in the evening, and happened to share this unexpected news.

"This is the first lawsuit filed by Bai Xiaosheng." Liu Wanying was surprised and amused. "It seems that Bai Xiaosheng's influence is increasing day by day, or maybe this is the hatred locked by the victim."

She thought for a moment and then said, "It's mainly because you have something to hide. If you don't have anything to hide, this is just an ordinary response. You don't have to think too much about it."

Yu Xing thought it made sense, and then mentioned the minor incident at the dinner party yesterday, and said with emotion: "Bai Xiaosheng really needs to hide well, otherwise, this society will be dead."

"I think what you should worry about is not social death, but physical death." Liu Wanying smiled and shook her head.

Yu Xing nodded, and his mood calmed down.

He went on to talk about his reflections and reviews after gradually calming down over the past few days, and believed that strengthening organizational strength was imminent and that it was necessary to get rid of the small workshop model.

"No problem. I've been thinking about this these past two days." Liu Wanying pondered, "I'm going to rent a small office for Hongshun in Shanghai, and then hire two or three people to do market research. This can be used as a reference for investment, and can also be used to screen for potential investors."

Yu Xing suggested: "You can look for it on our website. We have a lot of talented people on our website."

Liu Wanying smiled and said, "Yes, I have done some research and I plan to use the 1999 package for your recruitment business."

Yu Xing thought about the importance of this wave of recruiting talents, and thought about the price of his own products, and sighed: "It's really cheap..." "If it works well, come again next time." Liu Wanying joked with a smile, and then said, "The principal has increased, and our shell companies are also increasing their registrations. There is no problem in hiding. Crossing the mountain and capital operations are two levels."

She thought for a while and continued to talk about her work in the past few days: "I'm looking at the stock prices of Alibaba and Yahoo. In this year-end wave, I actually think Yahoo has more room. Its own business has been declining. I'm afraid it will be even more difficult for the market to accept the loss of a potential asset."

"The nature of Ali is more serious." Yu Xing disagreed.

"So, the funds are all lying in ambush, but the proportion still needs to be determined." Liu Wanying said this, stood up and walked to the living room, reached out and pulled out the two small flags on the wooden felt board on the wall, and put the two English letter codes EF on them.

Originally, there were four tracking businesses, ABCD. A was Fenzhong Media, B was Sino-Forest, and C and D were two small company news screened out from IDG's Xiong Xiaoge.

Yu Xing looked at the changes on the wooden felt board and asked, "E and F stand for Alibaba and Yahoo?"

"E stands for Alibaba's current event." Liu Wanying pointed to E and said with a smile, "As for F, I found something interesting. Sino-Forest claims to have a large scale, but its actual logging volume is not up to par at all. This is not only because the scale it holds is not large enough, but also because there is an upper limit on the national indicators."

"Without a quota, we need to apply for a permit to cut down one more tree."

"The actual implementation may not be so standardized, but it is the same in principle."

"Sino-Forest is like this, what about other companies in this industry?"

Liu Wanying placed her right hand on F. “This is Sino-Forest’s peer company, China Forestry. It has not yet gone public, but it is said that it may be listed in Hong Kong by the end of this year. It claims to be one of the top three private natural regeneration and artificial forest operators in China.”

Yu Xing was cheered up. Is there another expert?

He asked with interest: "What abnormal indicators does it have?"

"It has only disclosed limited information now. I will study it carefully when the prospectus is submitted," Liu Wanying said. "But from the research conducted by Sino-Forest, it is relatively easy to falsify the domestic forest business. The trees are all in the mountains and forests, and it is impossible to count them one by one during an audit. Well... this is a bit the case with agriculture, forestry, animal husbandry and fishery."

She said thoughtfully: "What strikes me as odd is that the CEO of this company, Li Hanchun, is quite young, but he had no experience in the forestry industry before joining Huaxia Forest."

"In addition, a company he founded was suspended from trading on Hong Kong's Growth Enterprise Market two years after he resigned in 2005. It has not been restored until now, and it also encountered liquidation and reorganization by the court."

“So, I will list this company first and study it in detail when I have time.”

How can someone with no industry experience become a CEO?

Yu Xing also had a question mark in his mind. He nodded slightly and commented: "Jiahan Forestry's business is quite expandable. It is not listed now. Well, what if it fails to be listed later?"

"Both Fenzhong and Sino-Forest have obvious problems, but they not only successfully went public, but also achieved very high market capitalizations." Liu Wanying pondered, "The investment bank has no conscience, and the auditors don't care about their reputation. If this is the case, China Forestry will probably be able to successfully ring the bell."

Yu Xing repeated this sentence: "Investment banks have no conscience, and auditors don't care about their reputation..."

Liu Wanying added: "Well, supervision is still lagging behind."

Yu Xing couldn't help laughing: "Then we have to rely on short sellers like us?"

"It's not surprising. They are motivated by interests, and so are we." Liu Wanying said calmly, "If there is any situation, let's cut it open first, right?"

Yu Xing deeply agreed with this, and he became more and more proficient at it the more he analyzed it, and it was natural for him to spread his analysis from Jiahan Forestry to its peers.

He stood up and walked to the wall of information in the living room. After looking at it for a while, he said, "When I have a lot of money, I can invest my money in the automotive industry chain."

"Hmm?" Liu Wanying glanced at Boss Yu and said again, "Hmm."

He can do whatever he wants with his share of the money.

However, Liu Wanying immediately reminded him, "Speaking of the automotive industry chain, you are so upset with Xu Xin now that you have money. You are really using people to move forward and not to move backward."

Yu Xing said with a smile: "If I can't be tough, won't all the money I earn be in vain? I don't care about myself, but what will Fenzhong Media think about it? What will Sino-Forest think? What will Alibaba think?"

Liu Wanying said seriously: "This is what I think. Xu Xin's family has a background in car companies. If you are really interested in the automotive industry chain, maybe in the future..."

Yu Xing frowned slightly: "Speaking of which, Bai Xiaosheng was able to obtain President Xu's investment from the beginning. I am still very grateful to her for helping us."

Liu Wanying smiled and said, "You want to use someone to move forward again?"

Yu Xing was silent for a long time, then sighed: "This is indeed my shortcoming."

Liu Wanying asked, "Change it?"

"We have different temperaments, but we can change them..." Yu Xing thought, "If I can't change, I can ask the other party to change."

Liu Wanying gave a thumbs up. If Boss Yu succeeded, his investors would surely grow with him.

As the saying goes, cut and polish, carve and grind.

This process may be a little painful.

(End of this chapter)