Winning the new financial era

Chapter 628 Lobbying the Company
Zhang Yida smiled, he didn't dare to come because it was listed on the New York Stock Exchange.How could anyone come up to deliver the head by himself?
He admits that Ochhausen has some truths, the listing in the United States is more famous and more international, but he can't put the life of the entire Ruixiang Group on the sake of Musical.ly.

As for the other points that Ochhausen said, one or two can be adopted.

But how effective it will be depends on how hostile the U.S. government is to Musical.ly.

Ohhhausen suddenly said: "Oh, yes, there is another trick, do you know K Street?"

Zhang Yida thought for a while and said, "You mean the 6.4-kilometer street outside the White House?"

Ohhhausen snapped his fingers, "Bingo!"

The old white man continued: "This is the area where the US government lobbying companies are most concentrated. There are a lot of successful lobbying companies, which are inextricably linked to the US government."

Zhang Yida nodded. He also knew about lobbying companies. There are 1.2 registered lobbyists in the United States and more than 300 professional lobbying companies. Former government officials are the main force in this industry.

The United States is one of the few countries in the world that is open to the lobbying of the government by companies, and it is also the first country to start regulating lobbying.

Due to the obvious possibility of corruption, the U.S. Congress has required all professional lobbyists to register personal information with Congress and submit quarterly reports on their lobbying work since 1876.

Every quarter, lobbyists need to report which government agencies and members of Congress they contacted, what issues were discussed, what bills were involved, and how much they spent.Lobbyists can be jailed for up to five years for failing to comply with the registration and reporting process.

In some top lobbying companies, there are even top lobbyists who have served as members of Congress or the chairman of a certain committee.

Zhang Yida said: "As far as I know, Chinese technology companies like Ahri, Huawei, and DJI have employment lobbying companies, but the effect doesn't seem to be very good?"

Ohhhausen nodded, "That's true, it doesn't mean that lobbying will succeed.

If Ruixiang is not a Chinese-funded enterprise, it can still engage in "campaign donations".

In the United States, this is a common method used by many large companies. They often hold some charity banquets and bring together congressmen to meet potential donors.

This way MPs can get election donations and know which company helped.During this process, no one broke the law.

But U.S. law explicitly prohibits foreign companies from funding domestic political activities.

However, if a sideline such as a charity gala is reported by the media, it will bring huge troubles to both parties.

Even if you want to engage in such activities, it is estimated that no congressman would dare to bet his political life to play with you. "

Zhang Yida nodded with a smile. As far as he knows, there are many successful cases of lobbying companies.

Especially American companies, not too many successes.

Foreign companies also have some success stories.

Far away is Toshiba, which exported military-grade machine tools to the Soviet Union in the 80s. Originally, the US government wanted to ban the entire Toshiba Group, but the final punishment was to ban exports to the US for three years.

At that time, the Cold War showed no sign of ending. At the same time, Japan was still the world's second largest economy, and was regarded by the US political circles as the biggest threat in the economic field.

Toshiba spent millions of dollars in lobbying fees to calm the wrath of the Reagan administration and Congress.

More recently, in 2011, Taobao was called a counterfeit market by the Office of the United States Trade Representative, and Ali hired a special lobbying agency, the Duberstein Group, to help smooth the matter.

The head of the company, Kenneth Duberstein, served as the last chief of staff of President Reagan and former general counsel of the Office of the United States Trade Representative.

In 2016, DJI’s drone products were exploring the U.S. market. When facing allegations of information security threats, the U.S. Department of the Interior, Office of Budget Management and the Department of Agriculture stated that the ban on DJI’s drone products would affect work and cause losses.

Among them, the Ministry of the Interior and the Office of Budget Management are also the main targets of the DJI lobbying team in recent years.

From a certain perspective, Musical.ly is much more successful than Ahri and DJI in the United States.

Every day, 3000 million Americans open the Musical.ly app, shoot and watch videos.

This is much more successful than other Chinese companies, and it is also regarded as a thorn in the side of competitors such as Facebook and Shalab.

The US government will naturally be more jealous!

However, lobbying companies still need to be hired, and even Zhang Yida wants to hire several former US government officials to join Musical.ly.

Huawei has been hiring American lobbying companies since around 2010. Although there have been no successful cases, it has nearly ten years of development time.

When faced with US sanctions, he also appeared more calm.

Musical.ly must at least guarantee that no accidents will happen this year, let Ruixiang go public first, and raise more funds.

Even if there are any bad situations in the future, you will be more confident when dealing with them.

"Which lobbying company is closer to the authorities now?" Zhang Yida asked.

Zhang Yida asked with a smile: "Can you introduce it in detail? Are there any successful cases?"

Ochhausen smiled, "Okay, then I will introduce

Urban graduated from West Point Military Academy, participated in the Gulf War with the 101st Airborne Division and won the Bronze Star Medal.

Last year, the U.S. Congress froze billions of dollars in arms exports to the Gulf region by U.S. missile maker Raytheon.

Raytheon CEO went to Secretary of State Pompeo to intercede, but he couldn't even see anyone.

In the end, Raytheon CEO entrusted Urban to find Pompeo, his classmate at West Point Military Academy, and facilitated the two parties to have dinner at the State Department.

Two weeks after Urban intervened, the State Department bypassed Congress and gave Raytheon the arms deal. "

Zhang Yida suddenly realized, who said that the United States is a fair and just society without human feelings?What the hell is this?
As long as there are people, there are rivers and lakes. European and American countries are the same. Who can be more noble than others.

"Okay, can Mr. Ohhhausen help me date the president's guest?"

Ohhhausen said with a smile: "Of course! It's just that Urban has always had a big appetite."

Zhang Yida smiled, "Really? I just like dealing with big eaters.

There is a lot of food, it depends on whether he has the ability to eat it. "

"Big stomach king?"

Ohhhausen laughed loudly, "This metaphor is very vivid, he is such a person."

Zhang Yida pondered for a moment, and then said: "Mr. Ohhhausen, can you introduce me to some talents who are from the two houses and have a certain government background?
Musical.ly USA intends to set up a public policy department, and it is very urgent for talents in this field to join. "

Ohhhausen nodded with a smile, "It's no problem, leave it to me."

(End of this chapter)