King of Capital

The morning light brings the warmth of early spring into the room. I open the windows to let in fresh air, dispelling the mist of last night.

Song Anli stepped over the scattered clothes on the ground and walked into the bedroom. She turned on the TV which was playing the morning news. On the screen, a handsome man who was speaking in a serious and solemn manner was lying on the bed in a deep sleep.

She turned her eyes back and forth between the two and turned up the volume on the TV slightly.

"Mr. Song."

As a guest, the youthful girl naturally did not sleep as soundly as the host. She woke up first, blinking her big eyes and greeting softly, with shyness all over her face and eyebrows.

Seeing that Song Anli only smiled back, she continued to concentrate on watching the news. She hesitated for a moment and gently woke up her friend beside her. Although they didn't know each other's names yet, they should be considered friends...

The two little girls whispered to each other in confusion, got out of bed quietly, found all their clothes and left the bedroom.

"…Vice President Chen Wenhui said that Jingxing Investment Group is a representative institution in our financial industry. Its founder and chairman Xie Jingxing has always shouldered the mission of embracing supervision as a pioneer. It is an important channel for deepening communication between relevant regulatory agencies and the market, and has played a positive and exemplary role to a considerable extent."

Xie Jingxing stretched out his arms sleepily, but found nothing in sight. He yawned, sat up, rubbed his face, and listened to the news anchor's commentary with a dull expression.

Song Anli came to the bed and handed over a bottle of mineral water: "It's time for breakfast."

Xie Jingxing pursed his dry and bitter lips. Last night at the Four Seasons Hotel, his colleagues were very supportive and the atmosphere was lively. He drank a lot of wine. After getting a little tipsy, he returned to the courtyard and drank a lot more without control.

He gulped down the whole bottle of water in one breath, burped without saying anything, then got out of bed and went to the bathroom.

Song Anli waited quietly for a moment, and when she heard the sound of water running from the shower, she gathered her hair around her ears and quietly left the bedroom. The two little girls walked back in.

"I'm really not bragging to you. I worked much harder in college than you did. I exercised all year round back then. Even though I'm busy now, it's still easy for me to squeeze out half an hour a day for aerobic exercise. If you don't believe me, you two can try and see who's bragging. I can play until ninety-nine!"

The news report mixed with cheerful jokes floated out of the window and was heard far away.

Song Anli sorted out the documents neatly and arranged them in order, and took the opportunity to read the part related to Little Pony again, to make sure she had missed something because she had not read it all last night.

After the meeting yesterday, colleagues joked that Young Marshal Xie had gone crazy and even wanted to kill himself. This statement is objective, reasonable and very fair.

The third proposal is to improve laws and regulations to guide the healthy development of the financial industry - LeTV is the first to be affected.

After a year-long investigation, the Securities Regulatory Commission officially announced that this "largest financial fraud case in the history of the domestic securities market" has been officially closed.

According to the punishment process, LeTV will be transferred to the New Third Board to complete equity restructuring within a specified period of time, compensate retail shareholders and pay creditors, and then delist immediately and will not be allowed to reapply for listing within ten years.

In addition, all administrative penalties were imposed on many former LeTV executives who participated in the fraud case, including but not limited to market bans, and Jia was affectionately called to return to China. His crime is punishable by the criminal law, and according to the criminal law, if he does not come back to face trial, the facts cannot be determined...

The overall penalty standard can be described as extremely severe and strict, all because Xie Jingxing insisted on pretending to be an industry leader, otherwise with his status, how could he possibly put himself in danger.

Banned from going public for ten years, LeEco really has no future. The hundreds of thousands of victims should quickly pack up and compromise and cooperate with the equity and debt restructuring plan. Getting back a little is better than losing everything.

What? You said that the regulatory penalty explicitly stipulates that LeTV must compensate and repay the debt?
This is the requirement in theory, but there is nothing it can do. It cannot arrest Xie Jingxing and order LeTV to go bankrupt. When the money is paid back, the debt will be settled. It would be better to directly legislate to prohibit all commercial activities.

Liang Jun was so poor that he was about to urinate blood. He ran around everywhere with the business plan for the offline stores of "Meizu Lezhi+" every day, and promoted the theory of smart terminal highways to everyone he met. The leaders of Beijing city and the wealthy men of the four major banks were fooled.

Boss Jia has just left for always talking about the principle of "ecological counter-attack" and now here comes young boss Xie who is determined to become the second Microsoft. Everyone is itching to do something but is afraid of being cheated. If supervision does not stop at this time, it will be an excessive intervention in market operations.

Therefore, the second operation cycle of Jingxing Group's acquisition of LeTV has basically ended, and the entire equity restructuring plan will be completed by the end of the year at the latest.

By then, the super TV + professional smart entertainment terminal ecosystem will form a brand new hard technology business story, and it will go to the US stock market to let the leeks all over the world feel the brutal sickle coming from the demolition - Xie Capital's shareholding ratio in it will be as high as about 50%.

Looking around the world, it is hard to find another Internet company of the same size with such an outrageous and abnormal equity structure. Just like Pony Ma to Tencent and Mr. Ma to Alibaba, if their equity had not been diluted during the process of entrepreneurship and development, they would not have achieved their current size.

For hard technology, only a small group of founders who possess "technical patents" and other core-value hard technology companies can convince the mature capital market dominated by professional investors to write large checks to a feudal company.

In other words, when LeTV decides to go public on the U.S. stock market, its strategic direction will inevitably shift to smart terminals, and it will gradually abandon its Internet film and television entertainment business.

From Song Anli's perspective, Xie's pan-entertainment empire has naturally become Kujiji Studio + Pony.com + LeTV Pictures + LeTV Video Platform, with the entire industry chain arranged in order from original content production to sales terminals.

"It's quite complete, and the micro-film era can be added in."

Xie Jing Xing rushed into the restaurant refreshed, picked up the warm milk and drank it all in one gulp, in a good mood, he revealed some inside information.

Song Anli is calm and composed, and is not easily pleased with things or saddened by herself. She was in a high position when she first entered the workplace a few years ago, and was unable to handle her relationship with Chen Xi well.

I can't blame anyone for the sense of crisis I feel now and the fact that I choose to take shortcuts by using low-class means.

“Will the spin-off of Microfilm Times by New DAE have an impact on its listing?” she asked in confusion.

"Wang Changtian can't bear it anymore. He hopes that Weiying and Maoyan will merge and independently look for listing opportunities in the US or Hong Kong stock markets."

Xie Jingxing thought for a while and gave a detailed explanation: "If we start discussing this matter now, we will have to finalize the preliminary plan in the second half of the year at least. The listing process of New DAE is progressing smoothly. If the Hong Kong stock market gives the green light, it will be listed before August at the latest. There will be no impact."

"Merge and independence... Is it Wang Changtian himself who is managing Maoyan now?" Song Anli grasped the key point sharply.

The current online ticketing market structure is a complete legacy of the historical battle between New DAEI and Meituan.

The former teamed up with giants such as Tencent and Wanda to create the multi-billion-dollar unicorn Microfilm Era out of thin air; the latter simply divested Maoyan and sold half of its equity to Light Media in one go.

After that, the two gods merged after fighting each other, and the little ghosts were dumbfounded.

Fighting, not to mention that the parents of Weying and Maoyan are married and neither side can afford to fight, other small and medium-sized platforms in the market have already cried out in pain...

Damai.com gave up struggling and sold itself to Alibaba to integrate into the so-called Alibaba Big Entertainment. Time.com, which received a strategic investment from Wanda, died quietly. The veteran concert ticketing website Gewara surrendered early when it saw the bad situation and was fully acquired by Weying Times.

Other Ferris wheels and the like cannot be sold even if they want to.

The first one to enter Xianyang will be the king. Young Marshal Xie swept the market and few investors were unwilling to get in.

But on the other hand, Guangxian holds a 51% stake in Maoyan, and the equity structure of Microfilm Times is more dispersed. For Xie Jingxing, these two are both his godsons.

Therefore, they had to fight, and now Wang Changtian was finally defeated. After the merger of the two companies, the equity structure was diluted and reorganized, and the total shareholding ratio of the Xie family returned to the relative actual control line. Then there was some say about the actual manager of the new company after the merger.

"Wang Changtian is just a figurehead, while Zheng Zhihao, a veteran of Meituan, serves as CEO and is responsible for the company's operations."

Xie Jing Xing paused for a moment, then asked thoughtfully, "Do you have any ideas?"

"I heard that the Central Academy of Drama has some good talents this year. If you have nothing to do today, why don't you go and take a look? Can you help me sign some potential stocks?" Song Anli suddenly showed a pretty smile.

"..."

Xie Jingxing raised his hand and touched his lower back in silence. (End of this chapter)