What's wrong with me being a rich man?

Chapter 82 Mixing up
Yu Xing left Zhenai.com.

No one saw me off.

In fact, except for a limited number of people, most people didn't know he had left that afternoon. Sometimes when they passed by the vacant workstation, they would just wonder why the internal audit director was not slacking off here today?

At five o'clock, when Yu Xing usually got off work, the news was confirmed and announced by Tong Xingjian.

Director Yu has semi-resigned.

Why “half”?
Because, it seems like he's still continuing to get paid, but that's what it means.

This news makes people feel uncomfortable.

Director Yu has only been in the company for a month, but he has left a very deep impression on everyone.

This month was a month of slacking off and fighting, a month of playing badly and being unyielding. He was willing to be a sharp knife, not stingy in conveying public opinion, dared to speak out, and was proud and cold to the management. He took 45,000 yuan without being humble or arrogant.

This is just the limit of what the company can tolerate, but it is far from his limit.

Always respect the uncrowned internal audit director.

When Tong Xingjian took the time to send text messages to his superior expressing his colleagues' respect, Yu Xing was still boringly counting screens. He did not show any emotional fluctuations after leaving the company and just continued to do his work.

"Please help me say this." Yu Xing replied, "This is just the beginning."

Tong Xingjian conveyed the message truthfully while going to the cafeteria for dinner. He heard the laughter of his colleagues and their affirmation - Director Yu is such a wonderful person!
But as a developed subordinate, he already vaguely knew Bai Xiaosheng's intention. He had a feeling in his heart that although he didn't know how clever Director Yu was, he might soon let people know how ruthless he was!
From counting screens part-time to full-time, Yu Xing's work efficiency has improved, and the research plan for the entire Pengcheng was completed within a week.

However, he also encountered a problem: the staff dormitory was no longer available for him to live in!

Yu Xing was very dissatisfied with this, but he could only find a hotel temporarily and look for a short-term rental house while advancing the final research progress.

Liu Wanying only learned about the latest situation two days later. Although she felt it was a bit sudden, it was also reasonable: "The salary is still paid, which is not bad."

"That's what I said, but who knows if I can get it? Anyway, I've been kicked out." Yu Xing didn't have high expectations for the subsequent 30,000 yuan salary. "Full-time work means it's fast. I can count the number of screens in Pengcheng tomorrow. But, Sister Ying, I don't need to wait until tomorrow. I can already say that there is still a lot of water."

Liu Wanying naturally knew what this meant, and said calmly: "My work has already begun to be handed over."

Yu Xing pretended to be surprised: "Ah? You were laid off too?"

Liu Wanying was amused for a second: "Boss Yu, it's really nice to chat with you. I was not laid off, I resigned voluntarily, which is better than you."

Yu Xing asked curiously, "Oh, so, can you also get two more months' salary?"

Liu Wanying: “…”

"Just kidding. Let's meet tomorrow night. We can discuss the next steps. Are there really only two of us in this research organization?" Yu Xing took the opportunity to make an appointment.

"I really think your research this time is quite solid." Liu Wanying murmured, "Don't worry."

Yu Xing smiled and said, "I counted out Pengcheng piece by piece, how could it not be solid? Yingzi, see you tomorrow."

After Liu Wanying put down her phone, she realized that people's bottom line really does change constantly, and she was now too lazy to correct his way of speaking.

There is even a feeling that "it's okay for partners to call each other that."

She calmed herself down a bit and planned to treat her colleagues to a farewell dinner in the evening. Regardless of the past few years of working together or considering possible business needs in the future, it was worth maintaining the relationship.

However, perhaps the evening breeze from Victoria Harbour was too cool, and Liu Wanying felt groggy when she arrived in Shenzhen the next evening.

"Maybe I have a cold." Liu Wanying felt that her temperature was not high, but she had a stuffy nose.

"Have you taken your medicine?" Yu Xing still rode his electric scooter and took his partner to a Starbucks. "Let's go to the coffee shop and talk."

Liu Wanying got the coffee and after taking a few sips, she felt more energetic: "I remember hearing my brother say a long time ago that colds cannot be cured and are a self-healing disease."

Yu Xing nodded and said seriously: "Come, let me take your pulse."

Liu Wanying was slightly surprised: "You can also take the pulse?"

Yu Xing said without hesitation: "Nonsense."

Liu Wanying thought about it and agreed. This was indeed the case because he studied medicine.

Yu Xing placed his right hand on Liu Wanying's wrist and narrowed his eyes slightly.

Liu Wanying waited for the result, and after a moment had to remind her expressionlessly: "Your hand is about to reach my palm."

"Ahem, my hand slipped." Yu Xing withdrew his hand and suggested, "Let's drink coffee."

Liu Wanying was both amused and confused: "No useful suggestions at all?"

Yu Xing was a little embarrassed: "You know, I'm just a dropout, and I was just trying to learn Chinese medicine out of politeness. What can I learn from it?"

Liu Wanying was both angry and amused: "You are just here to start a business. With your current status in the workplace, what can you achieve in the end?"

"It's two different things. It's not like I wanted to join this time." Yu Xing said with a smile, "Besides, I didn't gain nothing except money. I'm already planning to criticize the Internet dating industry for several sins."

Liu Wanying thought about the job descriptions she had heard this month and felt that they were all bizarre. She said, "Show me how you're going to attack me."

"I didn't bring it today. I'll write several pages next time." Yu Xing shook his head. "Today I'm going to give you the final statistics of Pengcheng."

He emptied his pockets and put them on the table.

Liu Wanying was not attracted by the folded paper at first. Instead, she looked at it for a few seconds and asked, "Is this a recorder? You still carry it with you?"

"This is something I need to protect myself at all times." Yu Xing reached out and took out a pen from his right pocket. "Look, this one was given to me by Song Yufeng. It was a tool he used when he was a reporter."

He pointed to the phone again: "Including the phone, that makes three."

Liu Wanying looked at the two recorders and a mobile phone and suddenly felt more alert.

She said with a smile: "You are so professional!"

"Fortunately, this is first of all to protect myself, and then to warn others." Yu Xing said seriously, "Individuals are ultimately weaker than companies or teams. President Wei asked me to sue him before, and his attitude was very arrogant. These are not only legal guarantees, but also defenders of my innocence, which can help me seize the moral high ground."

Liu Wanying reminded: "We need to pay attention to the effectiveness..."

"Whether it's effective or not, if something goes wrong, I will post the recording online and let the public judge what's right and wrong." Yu Xing said disdainfully, "I run a company, so I can gain something from a loss. Maybe some of my products will get real money support in the future."

Liu Wanying had nothing to say and gave a thumbs up. After a moment, she looked at Pengcheng's complete data and said with emotion: "You are capable of doing something."

Yu Xing disagreed: "Isn't this just a small trouble? We have bigger things to do."

Liu Wanying looked at the data carefully, and it was already very obvious.

According to the information obtained previously, Focus Media claimed that the number of screens in Pengcheng was around 9200, but the total number counted one by one was 5925, which is about 65% of the total.

At the same time, Focus Media’s claim that most of its layouts are in busy commercial buildings is also highly inaccurate. According to actual statistics, this portion should be around 40%, and the remaining 60% are residential.

Also, the above data does not only cover Pengcheng. Data from other cities that have not been fully counted show that commercial buildings in first-tier cities can barely reach 40%, while this figure for second-tier cities has dropped to 30%.

In fact, Focus Media claims that the figure is between 60% and 70%.

Yu Xing even called Focus Media's city manager, who emphasized that the rate was above 70%.

It took more than a month to compile the data in Pengcheng, but in the end, it was just a few lines of text and a few numbers. However, it may affect the company's market value of hundreds of millions or even billions.

“The whole article can be summed up in two words: water.” Liu Wanying put down the data and concluded.

"I have also searched for it these days, and I saw someone say that the advertising efficiency in first-tier cities is 141.9% of that in second-tier cities." Yu Xing said slowly, "I don't know how this data is calculated, and I don't know whether the industry recognizes it, so I didn't write it down. But if the basic data is superimposed with the coefficients at various levels, it should be easy to explore the situation of segmented audiences."

The number of screens in Pengcheng is a representative example.

Now that this basic data is quite inflated, the data superimposed with it as the core will naturally be even more inflated.

Liu Wanying nodded slightly and mentioned a direction of her research: "Focus Media has made many acquisitions in the past few years. I noticed that its acquisition of Zongheng Pinyu was rather strange. The main business of this company is to equip commercial ships on the Huangpu River with large screens for advertising."

"Before Focus Media's acquisition, it had agreed to a 330% equity acquisition price of US$90 million, while Focus Media's offer was more than US$500 million."

Yu Xing interrupted, "That's not bad. This kind of business on the Huangpu River should be a scarce resource, so competition will easily drive up prices."

"Well, this is an acquisition, and Focus Media generally does it at a premium," Liu Wanying recounted. "It announced this year that it would return the six acquired companies to their original shareholders."

Yu Xing didn't understand: "What do you mean?"

"I guess they are preparing for the annual report audit." Liu Wanying explained, "In our practice, if we acquire a company but at some point we release our control over the company and obtain legal and accounting confirmation, we can exclude it from the consolidated financial statements."

Yu Xing still didn't quite understand: "What does this mean?"

"For example, last year I announced the acquisition of a company. As the company grew in size, the stock price was likely to rise. This was the most direct impact," Liu Wanying said patiently. "If it was just one company, it would be fine. But Focus Media did this to six companies, which was very strange."

She went on to speculate: “Strictly speaking, whether this acquisition transaction actually took place and whether there were serious problems with the information disclosure involved are all worth exploring.”

Seeing that Yu Xing wanted to talk more, Liu Wanying motioned him to listen to her and said, "There is one more thing. Last year, Focus Media acquired the company 'Howyes' for $7000 million in cash and $1.55 million in company stock. The shareholder of this company, Shen Nanpeng, is also a member of the board of directors of Focus Media."

"Focus Media was planning to list Allyes independently in September, but that is definitely not going to happen now."

"This acquisition...is worth paying attention to in the future because of the changes in the financial environment this year."

"From what I have seen these days, Focus Media's capital operations are quite frequent."

Yu Xing thought and digested it for a while, and tried to summarize: "So, if we issue a research report, there are three directions we can go. One is asset fraud and exaggeration of business data. The second is the value of mergers and acquisitions. The third is that it may involve the transfer of interests."

Liu Wanying nodded: "Almost the same, but it needs to touch upon the sensitive terms of Nasdaq. My first impression is that its information disclosure in China is not adequate."

Yu Xing took it to heart and planned to learn more about this subject on his own.

Liu Wanying looked at the data twice again, thought for a while, and asked, "Didn't you call Focus Media's city manager to discuss business cooperation? Why is the data he gave you also vague?"

As shown above, Focus Media itself claims the price is around 9200 yuan.

"Yingzi, look at you, you are not down to earth." Yu Xing laughed, "I called him. Generally, for this kind of business to be concluded, you have to meet and talk. He wanted to invite me to meet before he would give me the precise data, the so-called 'sit down and talk'."

"If we really meet, he will probably show me the results of other customer cases, talk about the number of newly added screens, and say that it is a listed company. If I am tight-lipped, he might even mention some anniversary promotion or something like that."

"Promotions have to have an expiration date, and they also have to force me to pay early."

"Hey, these are just some basic sales tips."

Liu Wanying was a little surprised and said, "You know quite a lot?"

"Everyone is good at different things. If you were asked to do field research, you might not be as good as me, right?" Yu Xing said, "But if I were asked to think about financial reports and acquisitions, I would not be able to figure it out."

Liu Wanying nodded and asked, "Then did you use any skills in this area to lure me to Liangshan?"

Yu Xing answered categorically: "No!"

Liu Wanying looked at the recorder on the table and the face in front of her, feeling a little doubtful.

"I recently calculated and found that the money I have is still not enough." Yu Xing moved on to the next topic, "Yingzi, I plan to raise funds from Bai Xiaosheng to expand. Do you have any suggestions in this regard?"

Liu Wanying coughed twice and thought about this.

Yu Xing then expressed his thoughts: "Tell me, if I expose the problems of Internet dating, will I have a chance to get investment from Xu Xin?"

Liu Wanying looked at the man in front of her blankly, suspecting that she was hallucinating: "Who? Who are you talking about?"

"She is the wife of my company's boss, the investor." Yu Xing said.

Liu Wanying was amazed: "How could you think of her? You messed up her husband's company, how could she invest in you?"

"That's what I think. Last time I heard you say that she didn't even invest in her husband's company, which shows that she is quite clear about the distinction between public and private affairs." Yu Xing calculated, "Since she can make a name for herself, she must have vision, so... no fight, no friendship. Oh, no fight, no acquaintance."

He added: "You said I was a disruptor, but actually being able to disrupt is also a kind of ability. If Bai Xiaosheng can even disrupt an industry, doesn't that demonstrate the value and potential of the company?"

Liu Wanying looked at Yu Xing, who was thinking very fast, and murmured, "I must be sick."

No, this is not extraordinary thinking, this is abnormal thinking!
"Isn't she an investor in JD.com? I still have the phone number of JD.com's Liu Qiangdong. I will send him a message tonight, wishing him success in financing and overcoming difficulties, and expressing my optimism." Yu Xing smiled and said, "You see, there are always channels to get to know her. I think it's a good idea to give it a try."

Liu Wanying rubbed her face and sighed, "You messed up other people's companies and industries, and that's not enough. You also want to mess up the relationship between couples. You...you don't want to break them up. Zhenai.com really wants to go public..."

Yu Xing said seriously: "What does it have to do with me! Let's put it this way!"

Liu Wanying hesitated to speak, this move of yours will easily intensify the conflict...

(End of this chapter)