Chapter 11.1

After one night and one day, Cheng Yao finally felt that she had achieved a breakthrough.

China’s laws have set very strict access standards for foreign investments entering the Chinese Internet market. In the Internet-related fields like online publishing and online audio-visual program services, the access of foreign investments is completely prohibited.

Tuan Tuan Online was divided into literary and video service branches, and respectively involved online publishing services and online audio-visual program services.

Xu Jun chose the VIE structure, not only because the company couldn’t meet the requirements for direct overseas listing, but more importantly because the main business involved in Tuan Tuan Online was currently prohibited from accessing foreign investments. Therefore, Xu Jun could not list his company directly overseas and could only choose the VIE model that did not require direct foreign shareholding and was controlled by a comprehensive technical support agreement.

The state’s approach to strictly control these two prohibited categories was to issue licenses. So only domestic companies that have obtained licenses could carry out related businesses.

The literary services of Tuan Tuan Online had already been established quite early. Before Xu Jun met Bai Xingmeng, it was already well-established and had also obtained an Internet publishing service license. However, Tuan Tuan Online’s video business had only expanded after Xu Jun and Bai Xingmeng got married. Cheng Yao during her investigation, found that Tuan Tuan Online did not have an online audiovisual license.

She couldn’t wait to report the results to Qian Heng. But when she entered the other party’s office, she realised that there was someone else besides Qian Heng in the office.

Her gaze shifted from Qian Heng to Wu Jun.

“Go ahead, it’s okay.” Wu Jun smiled empathetically, slightly raising his charming peach blossom eyes, “I am Wu Jun, your Partner Qian’s good friend, business partner and soulmate. So don’t treat me like an outsider.”

Cheng Yao subconsciously looked at Qian Heng, waiting for his instructions. Qian Heng didn’t speak, but silently looked at Wu Jun. A helpless Wu Jun finally had to relent.

“Okay, I’ll go out.”

Cheng Yao finally reported her research results: “….. So, because of the restrictions on accesses in the Internet industry, there must be a Chinese-funded company wholly-owned by Tuan Tuan Online, which holds this online audio-visual license. The company must have signed agreement-based control of full technical support with licensed companies and foreign-funded companies, thus achieving the way of VIE’s overseas listing.”

Cheng Yao excitedly took out a pile of materials. ” The video services are currently one of Tuan Tuan Online’s main businesses, and are also widely favored by foreign investors. It is almost certain that the licensed company is vital to the listing. Since the video services were launched during the marriage, the licensed company must also have been established during the marriage. So it certainly must be one of the 15 acquired companies…. “

Unfortunately, before Cheng Yao could finish, Qian Heng roughly interrupted, “I have no interest in your analytical thinking. Just tell me the results.”

He glanced at Cheng Yao, “If you don’t get a result despite three days and three nights of research, then the process is meaningless to the customer.”

Cheng Yao was taken aback by this, and then quickly added, “I checked the list of Internet video license holding companies published by the State Administration of Radio, Film and Television. From it, I found out that the key company is Tuan Tuan Technology Network Co. Ltd., a wholly-owned subsidiary of Tuan Tuan Online. There is something fishy about the company’s losses. The value of the equity was undervalued at the time of the divorce.”

After Cheng Yao finished speaking, she subconsciously looked at Qian Heng.

The girl’s skin was snow-white, her eyes were sparkling, and the corners of her mouth held a slight smile. The whole person exuded nervousness and anxiety. It seemed like she was waiting for Qian Heng’s praise.

“En.” Qian Heng took the materials, “Bao Rui found this company in the middle of the night yesterday.”

Cheng Yao was shocked on hearing this. Soon her anxiety turned into disappointment. The look on her face gradually faded.

It was cruel, but a workplace was like this.

Qian Heng hated people who came through special connections. The very existence of special connections could lead to the destruction of the fair order of the world. Every time a person with special connections was hired, a normal competitive job applicant would be rejected.

This was why he wanted Cheng Yao to join his team. Naturally, he didn’t want to train her well, but he meticulously prepared for the 'special care”, hoping that she would quit from the high-intensity work.

”

”

Therefore, after joining his team, Qian Heng intentionally was somewhat accommodating and somewhat indifferent towards her. But Cheng Yao really surprised him. Since Cheng Yao only thought about watching TV dramas all day after her work, Qian Heng went to the IT department and retrieved her computer’s browsing records. He was planning to find evidence that Cheng Yao wasn’t working properly and was wasting time looking up unnecessary things. He was planning to drive her out of Jun Heng on the grounds of unprofessional behavior during the probation period. But the result turned out to be something beyond his expectation.

What Cheng Yao browsed during work was really work-related.

She browsed the web regularly every day. At 9 o’clock in the morning, she began to study the judgment documents related to family law cases on the China Judgments Online website. At 11 o’clock, she went to the Law Express channel to see the latest cases. At 1 o’clock in the afternoon, she went to the websites of Intermediate People’s Court and several District People’s Courts to learn about the latest relevant cases and the latest developments in court jurisprudence. At 4 pm, she went to several major lawyers’ exchange platforms to discuss case studies…..

But during the lunch break between 11:30 and 1:00 p.m., Cheng Yao browsed a wide variety of content. For example, three days ago, she searched on Baidu <how>and <what>, and joined the Douban <toxic>topic group; the day before yesterday, she looked up <how>and <how>and searched the keyword <the>15 times; yesterday, she looked up <how>and <how>, then scrolled through the Tianya Club1 post <8182, My Best Boss> and left a message “My hugs to the post opener, I totally understand you”; today, huh, today’s Cheng Yao was even more strange. She went to Zhihu3 and searched for <how>,

Footnotes

Tianya Club is one of the most popular Internet forums in China.

A lucky number combination which sounds very similar to fa shi fa (rich, I’m going to be rich)

Zhihu is a Chinese question-and-answer website where questions are created, answered, edited and organized by the community of its users.