China Entertainment: Indulge in Vanity Fair

Chapter 416: Who withstood the US crackdown on TikTok?
Just as the Lunar New Year festival is in full swing and the annual Film Awards are very popular, He Fang is also in the final sprint of "Ghost in the Shell".

Zhang Yiming came to Hong Kong with a foreigner, and then waited for He Fang to finish the show and invited him to dinner and had a confidential conversation.

At first, He Fang didn't understand why Zhang Yiming brought a foreigner here, but after Zhang Yiming's introduction, He Fang seemed to know who he was.

This man’s name is Jeff Yas. He is the co-founder and chairman of Haina International Group, the largest stock options trading company in the United States. You may not be very familiar with this man, but when it comes to one thing, everyone is familiar with it. .

That is, from 2019 to 2022, the United States' ban on TikTok reached its climax. Congress even held hearings, and the United States went around shouting about beating and killing TikTok.However, the amazing thing is: tiktok just won’t fall and can’t be blocked.

Many people don’t understand why TikTok can’t be banned in the United States?Americans have blocked many Chinese companies, but they can’t help TikTok, which everyone finds strange.

Later, some talented people began to dig out the reasons why the United States could not ban TikTok.As a result, we discovered a secret, that is, every time the U.S. Congress discusses banning TikTok, some members will jump out to oppose it.

For example, famous congressmen who support TikTok: Rand Paul, Thomas Massi, Anna Paulina Luna, etc. They are all famous people who have stood up and united with others to oppose the move when the U.S. Congress was preparing proposals to ban TikTok. MP.

So why do these congressmen oppose the US federal ban on TikTok?Interested people dug up their information again, and finally discovered that their final sponsors, those with the largest political donations, all came from the same organization, called the Club for Growth.

What is the Growth Club of the United States for?This organization mainly provides political donations and campaign funds to the Communist Party.

So why does this organization oppose the ban on TikTok?It's simple, because one of the biggest donors in this organization is opposed to it.The largest donor provides 24% of the organization's annual funding, so his opposition represents the organization's opposition.

And what is the name of this benefactor?
Yes, I believe everyone has thought of it, it is Jeff Yas.

As the largest donor of the Communist Party, when Jeff Yas finances the election of a congressman, he must first ensure that he will not pass any bill that bans or suppresses TikTok, otherwise the Growth Club will not fund the election.

Why does Jeff Yas help tiktok?Because in another time and space, Jeff Yas personally owned 7% of Bytedance's shares, his company owned 8% of Bytedance's shares, and he and his affiliates collectively owned 15% of Bytedance's shares.

A large part of the reason why he has become one of the top 200 richest people in the world is that he owns shares in ByteDance. His 7% stake in ByteDance alone has increased his net worth by tens of billions of dollars, and His company’s 8% stake in ByteDance has also helped him add billions of dollars to his wealth.

Awesome, right?This is the most typical case of capital controlling politics.If you look at it from an American perspective, it is Jeff Yas who ignores the US state's interest in controlling public opinion for his own personal gain. This is a pure act of traitor.

However, we are in a capitalist society, so this is legal, and politicians are bribed by capitalists.Therefore, there is no such thing as selling or selling to the country. Anyway, even if the country is harmed, the capitalists cannot be harmed. This is the principle.

So when He Fang heard Zhang Yiming introduce this person as Jeff Yas, he understood everything. He was here to invest.

"Hi, Mr. Yas." He Fang greeted Jeff Yas politely.

"Wow, He, you are a household name in the United States. You are one of the few internationally renowned directors in Hollywood. Your movies are very popular with everyone, and I like them too." The old man shook hands with He Fang happily.

"Ha, thank you Mr. Yasi. Next time I have a chance to go to Changsha, I'll treat you to dinner." He Fang said politely.

"Okay, I will go if I have the chance."

After the two of them finished their greetings, Zhang Yiming began to make introductions.

"Director He, Mr. Yasi wants to invest in ByteDance. I specially brought him here to discuss it with you." Zhang Yiming said directly.

"Invest? Welcome. I wonder how much Mr. Yas wants to invest?" He Fang asked. "It depends on how many shares you are willing to sell. I can take as much as you are willing to pay." Yas said.

"Well... I don't understand the situation yet, Mr. Zhang, what's the current progress of the company?" He Fang asked.

Next, Zhang Yiming talked about the general situation of ByteDance...

Why did Zhang Yiming come to find him?This is because ByteDance has conducted three rounds of financing in the past few years in addition to angel investment, and in each round of financing, it has participated in the investment, keeping its 25% stake unchanged.

It can be said that He Fang is ByteDance's second largest shareholder after Zhang Yiming. Although he does not participate in the company's management, he has 25% of the voting rights.

Because the company wants to accept new shareholders, it has to negotiate with someone else.

After Zhang Yiming finished speaking, He Fang had a general understanding. After several years of development, especially Toutiao’s promotion due to He Fang’s promotion, and Western Melon Video’s support from the Annual Movie Awards, the company’s two major products are now very good.

The company's valuation has reached 100 billion U.S. dollars, so this time Jeff Yas wants to take a stake, it is estimated that he will have to spend billions of dollars.

"The company must focus on the development of new products. Mr. Zhang must seize the new trend of online social networking, which is short video social networking. The company must step up research and development of several short video software. Believe me, this social software will have a disruptive effect.

As for Mr. Yasi's desire to invest in the company, I think that's fine. We can give him a maximum equity limit of 10%. If it exceeds this, it's really not possible. "He Fang gave his conditions.

As a result, Yasi quit because he felt it was too low and he wanted 20%.

Several people discussed it and finally settled on 15%.

This is the bargaining and compromise method, which is often used in the business field and at the negotiation table. In fact, everyone knows it.

This value meets Fang's requirements. It is too much for Yas and they are not willing to give it.However, if Yas gets too little, he may not be able to help tiktok withstand US pressure in the future.

Therefore, it is enough to give him the value in another time and space.

He Fang didn't have much time, he had to continue making movies, so after they finished talking, Zhang Yiming took Jeff Yas to Macau.

I heard that this Yas is a senior gambler, and he made his fortune through gambling.

He studied mathematics in college, so his college thesis was about his experience in horse racing.Later, he became obsessed with Texas Hold'em poker from horse racing. He once moved to Las Vegas, but because he was so good at math, he was banned from all the casinos and was not allowed to go.

So when you come to Hong Kong and don't go to Macau to play, it is a crime for a gambler like Yas, and he cannot tolerate it.

Some people may ask why Jeff Yas came to invest in ByteDance. That is because after 2000, 60% of American investment companies have opened branches or offices in China.

They specialize in investing in potential projects in China, and Jeff Yas's Haina International happens to have an office in China.

(End of this chapter)