Winner Takes It All, Resurrection 2009

"Mr. Ma, something bad has happened. Qingyun Software has just marked all of the company's software apps in red and restricted user logins and background downloads. The explanation given was that it was based on a joint document issued by the Industry and Information Technology and the China Banking Regulatory Commission.

Several of the company's products and features are suspected of violating regulations, and they will continue to issue warnings to users before thorough rectification is completed in accordance with the notice. "

"The internet is full of rumors about the company. The PR department has sent letters of inquiry to several leading media outlets, but to little effect. They all claim to have solid evidence and are reporting objectively and fairly based on facts."

"Someone initiated a vote online, calling on all users to collectively uninstall the company's products. Hundreds of thousands of people participated in a short period of time, and the proportion of users who supported uninstallation reached over 85%.

The number of voters and the scope of the spread are rapidly increasing. There must be someone behind this. The technical department is investigating. Before we came, we had already reported the case to Pengcheng Liushenmen..."

Bad news came to Tenda's headquarters one after another. If Qingyun restricted users from downloading updates, then the large-scale run on the payment system dealt a fatal blow to Tenda.

It can be said that no financial or quasi-financial institution in the world can withstand a large-scale bank run, even if not everyone chooses to withdraw their money the first time after seeing the news.

Tenda couldn't bear it either, because a portion of the funds raised through the payment software were transferred in the form of investment products and funds. It was unrealistic to redeem them in a short period of time.

But consumers and investors don't care and are pointing the finger at the platform, as if they will complain and go online to complain if they don't get paid immediately. It is conceivable what a terrible blow the company's reputation will be once this becomes a scale.

Tenpay also has products like micropay wallet and Yu'ebao Alipay, and most of its deposited funds are used to invest in money funds that can be cashed in the short term.

One tenth of the total funds raised will be deposited into a specially designated account of the central bank in accordance with regulations, serving as a margin similar to bank deposit reserves.

When the bank run began, Tengda had not yet realized the seriousness of the matter. It simply deducted the interest income from users' defaults in accordance with the agreement, but as the withdrawal amount grew larger and larger.

The balance in the company's deposited funds management account soon could not be sustained, and the person in charge hurried to report the situation. When Liu Zhiping hurried to the chairman's office, Tony Ma was talking to Yan Jing on the phone to inquire about the news.

From his tense nerves and embarrassed expression, you can tell that the situation is not good after he hangs up the phone.

Liu Zhiping asked: "The Internet is now full of news that is unfavorable to us.

There was also news from Yangcheng, and they could no longer stop it. The investigation team from Yanjing was rushing here. Once they entered the company for a thorough investigation, nothing would be hidden.

By then, everyone will just jump off the building together.

You must make a decision immediately, or let those big shots in Hong Kong come forward to resist, even if they can't stand it, otherwise if the company collapses, they won't have an easy life either.

Either they should quickly accept the demands of China Mobile and ICBC and transfer the shares, so that everyone will be one family from now on, and let the forces behind the two state-owned enterprises come forward to recall the investigation team.

At present, the first path is not feasible, and Hong Kong investors must make a choice: money or life."

At this point, Liu Zhiping placed a stack of information in front of him, and ignoring the murderous gaze of Zhang Zhidong next to him, he continued, "There's really no time. Look at how serious the run is.

In just four hours, those capable people who knew the inside information in advance had withdrawn nearly 200 billion yuan, and all the working capital in the company's deposit account was exhausted.

When I came here just now, the proprietary investment department and the risk control department were already selling off investment projects at all costs, just to replenish working capital before large-scale exposure.

Don't think I'm kidding. As long as the newspapers and media report that Tengda's cash flow is broken and it cannot repay investors on time, the stock price of Hong Kong will collapse instantly.

By then, no matter what remedial measures you take, the investors who have suffered heavy losses will no longer believe it. They will only unite and file a class action lawsuit against the company.

So the result of asking for money is still death together in the end.

If you choose to save your life, then you should quickly agree to hand over your shares. As long as those people in Yanjing get everything they want, they will stop.

Everyone is here to make money. Xiangjiang Capital wants the washing machine business, and they need it too. If they agree one hour earlier, the company can retain some vitality.

As long as we can keep the company's businesses, we will be able to make a comeback one day."

After reading the information, Zhang Zhidong broke out in a cold sweat and gradually accepted the reality. Looking at Tony Ma who was still hesitant, he couldn't help but ask, "Old Ma, do you have a better solution?"

Tony Ma looked up at him, shook his head and said nothing.

Zhang Zhidong sighed, "You and I have brought the company to where it is today, so I will just say whatever I want to say. Although Lao Liu's attitude is not very good, what he said is indeed good advice.

If we don't make a decision immediately, there will be only one way out for you and me, which is death. We won't be able to get through the run on the company alone. What about those people who once said they would stand by us through thick and thin?
They were the ones who caused the trouble. The reason why the Huo family is holding on to it so stubbornly is, after all, because of the brand name of the hotel in Haojiang and the development issue of Nansha, right?

Li Bancheng and his people want to control him, restrict the development of the Huo family, teach him a lesson, and let future generations not get close to Yanjing. Okay, but the key things were not done well, and we have to bear the consequences. Is this fair!
Now Runhua has stepped forward to help the Huo family solve their problems, and the two sides have worked together in many fields. This is definitely not something that can be accomplished in a short period of time. It seems that the series of arrangements for the company were also decided a long time ago.

What a plot that is so interconnected and full of murderous intent. If I have the chance I will definitely ask about it in person.

But what lies before us now is, as Lao Liu said, either we wait for the investigation team to come and take you and me away, causing a public outcry and completely exposing the company's operating difficulties to everyone.

Even if those people from Hong Kong rescue us by then, what can they do?

Can you accept that the company is worthless in Hong Kong stocks and can withstand the reality that the company is insolvent after a run?
Rather than accepting the bleak reality with nothing, it is better to accept the conditions offered by Yanjing while there is still room for maneuver and before the worst outcome happens.

After all, we are a private enterprise based in the mainland. There is no need to fall out with Yanjing for the interests of Hong Kong people. Moreover, with them as our backing, we still have the opportunity to continue competing with Qingyun in the future.

If you are worried that China Mobile and ICBC will not be able to control the situation after entering the market, you can also bring Pengcheng in. Hasn't Shenzhen Development always wanted to acquire shares? Sure, the more people come in now, the better.

The safer we are.”

Liu Zhiping also chimed in, "Yes, rather than losing everything, it's better to give it a try. Those people in Hong Kong can't even protect themselves now. The evidence that has been exposed is enough to make a large group of people unable to turn over forever.

Even if Li Bancheng wanted to get through safely, it would be difficult. The Americans stepped in to suppress the British capital. They couldn't even rely on foreign forces to gain respect, and they couldn't mobilize the middle and lower classes of Hong Kong to stand on their side.

Then Hong Kong capital would lose its biggest trump card. Once the 100,000 public housing plan and subsequent major plans were introduced, the conditions for Li Bancheng and others to control Hong Kong's economic foundation would no longer exist.

In the future, they will be nothing more than ordinary big capitals with more money, and will not be able to provide a shelter for the group's business development. For now, they are holding on to their shares tightly.

To put it bluntly, it was a helpless move. Even HSBC expelled them from their board seats, and it was a foregone conclusion that Runhua and Nandian would take over in full.

There is no reason for us to be here and hold on for the benefit of others.”

At this point, Liu Zhiping glanced at the rapidly ringing phone. He didn’t answer it, nor did he hang up. He just left it in front of Tony Ma, “Time is running out. If you don’t make a decision,

There is no way out for you and me.”

Tony Ma finally raised his head and smiled bitterly, "The last time I was in such a mess was when they instigated me to come up with deduction coins to replace the RMB. That time, the might of heaven and thunder was even more terrifying.

But at least there are a large number of companies participating in it, using debit coins to pay each other for goods, and everyone is confident that they can control the coin minting management resources.

Both eastern Guangdong and Shenzhen expressed their support privately. Even though it was ultimately rejected, I never got discouraged. It was just that the timing was not right.

But I never thought that I would be in such a mess again, and even the most determined people from my hometown would abandon me."

Liu Zhiping was not willing to give in, but after the run, what would be left of the company? He could only harden his heart and shout, "Don't dream, they are probably discussing how to sell us for a good price. You are still thinking about the kindness of your hometown people, but your hometown people are eager to throw you out to take the blame.

Look at the amount of money that is being lost every minute. In less than two days, we will all be broke. "

Zhang Zhidong was more realistic and said, "So scary?
But even if we reach an agreement with the higher-ups, two days won’t be enough. What if we fail first?”

Liu Zhiping said sinisterly: "At this point, even if they are not kind, there is no need for us to talk about morality. Huyou Group, doesn't Haojiang have hundreds of billions in the company's account?

Take it and fill the hole first."

"Are you crazy?"

Even Tony Ma was shocked. "How can I explain myself after I touch this money?"

"Explain? Explain to whom?"

Liu Zhiping sneered, "The reason why those people acted so quickly was because they wanted the money. Who dares to claim the money at this time of crisis?
And those entrepreneurs in Hong Kong, you see, are still willing to paint a rosy picture for their companies. Aren’t they just trying to buy time to get the money back and stabilize the company so that they can cash out in the Hong Kong stock market?

I don't need to explain the current environment, you all understand that this money is a token of our loyalty and a talisman. We just need to borrow it temporarily to save our lives!

With this liquidity support, we can hold on for a little longer without the foundation having to sell at all costs or competitors taking advantage of the opportunity to ask for exorbitant prices.

As long as we can quickly reach an agreement with China Mobile, ICBC and Shenzhen Development Bank, or even not at all, as long as we express our support, the upper-level authorities will be much less aggressive.

The group has enough time to raise funds and launch a counterattack in public opinion. Even if it cannot return to the scale before the incident, it can still influence the positions of a large part.

As long as consumers and investors have confidence in us, the remaining business threats will not be a big concern. With the support of state-owned capital, we may be able to compete with Qingyun in the future.”

Tony Ma was very unwilling, but this time, Squid Capital and Dongda Capital took action together, and his domestic allies were suppressed, and his external allies were more useless than each other. What could he do?
He could only accept the defeat because his company had been infiltrated like a sieve, fatal secrets had been exposed, and all kinds of evidence was used to obtain information on him and to transfer him to other companies.

Now that the entire senior management team has been wiped out, the only reason he can still sit here and make choices is that the resources in Tengda's hands are extremely scarce.

But this bow is equivalent to completely handing over the advantages that Tenda has accumulated in the field of instant messaging software to others. In the future, Qingyun's WeChat technology will completely become the leader in the industry.

However, with the merger of Fetion and QQ, the injection of resources from China Mobile and the bonus of state-owned capital, Tenda can maintain its catching-up momentum in both computers and mobile terminals, and will not be left too far behind by Qingyun in the short term.

Who can predict the future? Maybe after this battle, Tengda will be able to eliminate its internal risks and soar to new heights.

Tony Ma's mind was full of random thoughts for a while, whether it was to comfort himself or to coax himself, in short, he was forced to make a choice.

With his compromise, Tengda has temporarily extricated itself. The fists of Yanjing Capital, Yutai Capital, Qingyun Group and Temasek are destined to hit Hong Kong Capital hard.

Mainland capital, led by the Huo Group, has long been suppressed by traditional real estate developers. Now that they have finally regained the initiative, there is no reason not to take advantage of the opportunity to strike back.

Although the old capital led by Li Bancheng was under pressure, they were unwilling to surrender easily. Even in the face of internal and external troubles, they still wanted to fight to the death...

"Are you kidding me? They are targeting me. As the saying goes, every wrong has its perpetrator. They are clearly the ones sharpening their knives. Qingyun is just helping out at most. Why should I take the blame?"

Li Zehua was almost about to curse Niang by name. The person was just sitting at home and the blame came from the sky. Fortunately, the security force around him was strong enough to eliminate the hidden danger in advance again.

Two fools took advantage of the darkness, came ashore from the open sea on a speedboat, and with the help of some people, tried to get close to him. However, before they found a chance, they were discovered by the ubiquitous Skynet system.

"I don't know who trained these assassins. As soon as our people broke through the door, they committed suicide without hesitation. They were completely dead within two or three seconds. There was no need for rescue."

After all, Yang Zhichao is Li Zehua's right-hand man who has been with him all the way. Now, many of the company's hidden businesses and resources are under his charge.

It’s true that although his vision and abilities are not as good as those of top management talents, his ability to get things done is very good and he can be ruthless when necessary.

Li Zehua didn't bother to figure out who sent the people. He turned to Li and said, "Donate another 20 million to the Six Gates of Magic City and arrange for Hikvision to send people to continue upgrading the Skynet system.

Especially around the company and the residences of senior executives, set up the Skynet surveillance network, and ask everyone to stay out as little as possible recently."

Safety is the most important thing. He is not a god. Even if he is hit by 7.62, he will still have to say goodbye to the world. However, it is rude not to reciprocate. Since the other party dares to send someone to greet him.

He was also generous in sending people to treat these people well after they entered. He wanted others to understand that sometimes, living is more miserable than dying.

"We also received news from Hong Kong that the coffee given to the self-surrendering executive surnamed Wang was spiked, and someone even tried to bring a syringe in, but fortunately they were stopped by our people in advance.

Now the people have been transferred to the camp in Xiangjiang and are under strict supervision by the local personnel of the Five Military Governor's Office to ensure that no accidents will occur.

Yanjing is also taking action. According to the information exposed in the hard drive, more than 70 traditional underground channels were destroyed in one go, and more than billion yuan of funds were seized on the spot alone.

The amount of funds still circulating in the channels is even larger. Currently, there are more than 4000 companies involved in the case, and more than half of them are gaming and paid content value-added service companies.

Dozens of other financial institutions are also involved, and it looks like the market will be in turmoil for a while.”

Lin Wenhui was extremely sensitive to this information. Before he could even release his trump card against Tengda, his superiors asked him to give it a break, which hurt him a lot.

When they were reporting, they all looked listless. Li Zehua smiled and said, "We can get the best results if we aim high, and the worst results if we aim medium. Now we can eliminate the threat of Tengda in the fields of Internet finance and instant messaging software.

They also took the opportunity to plant their pawns in Hong Kong and occupy control of some basic industries. It also allowed the higher-ups to see a more realistic and terrifying picture of the current state of Internet finance development. More stringent regulations will inevitably be introduced in the future.

By the way, it has solved the problem of Hong Kong's future development, which can be said to be a benefit to the present and future generations. It can be compared with Qingyun Agriculture's achievement of planting one million tons of cotton in the Western Region Province.

The stronger Dongda becomes, the brighter the company’s future prospects will be. Isn’t this a big enough gain?

Besides, if Tengda is gone, the company may not be better off. A single dominant company will inevitably become a target of public criticism, so it is better to maintain the status quo.”

Since Li Zehua didn't mind, naturally the others didn't have much to say. After discussing the next response strategy, everyone left, except Yu Li who stayed.

While helping him soothe his nerves, I couldn't help but worry: "The company's business is getting bigger and bigger, and it's offending more and more people. I'm really afraid that one day."

"Silly boy, life is all about struggle. If you are afraid of this and that, you might as well go home and sell sweet potatoes.

Besides, having come this far, is there any turning back? "

Li Zehua sighed, feeling the delicateness in his hands, and suddenly smiled: "But what you said is indeed correct."

Yu Li felt his power and turned back to ask in confusion: "What?"

"It's definitely getting bigger. It looks like my efforts have paid off."

Li Zehua laughed loudly and took another step forward. The entire office was filled with the sound of pain and happiness, which lasted for a long time... (End of this chapter)