Chapter 1442 We Have No Choice

The conference room of Parkson Technology's office building in Shanghai.

Qian Jincai walked into the conference room with a document on his mobile phone. Many Parkson Technology executives who had already entered the conference room stood up to greet him.

"Mr. Qian."

"Hello, Mr. Qian."

"Mr. Qian."

Qian Jincai kept nodding his head in response to the greetings of his old friends, then sat in the main seat and spread the document in front of him. The whole conference room instantly became quiet.

Qian Jincai cleared his throat and said, "Let's have a meeting now. The theme of today's meeting is known to everyone. If you have any opinions, please share them."

As soon as Qian Jincai finished speaking, the conference room suddenly became quieter than before. Many executives seemed to have entered a state of meditation.

Many company executives had hesitant expressions on their faces, but no one spoke for a while. Finally, a middle-aged man with a bald head sitting on the left of Qian Jincai spoke up, "Mr. Qian, this investment agreement has been signed. Is that MM still MM?"

The conference room was so quiet that many people seemed to hear their own breathing. Qian Jincai looked at his right-hand man with a stiff face for a moment.

Then he showed a forced smile on his face, "Mr. Li, MM will always be MM, and Parkson will always be Parkson. The other party just took the shares, but did not completely accept the operating rights and management rights. We still have the final say on the company's decision-making."

Qian Jincai's words made many companies continue to look tense. Although they said so, the contract was indeed signed in this way. But no one present was a fool.

It is clear that if Parkson really makes money in the future, then the so-called major shareholders who have taken away more than 91.3% of the shares will have no idea about their management. It would be really weird.

After all, capital is greedy, not to mention that once Parkson succeeds, it will not be an ordinary company. It will be another company that can create the myth of the richest man after Shengda and Parkson.

Although the management had very few shares at that time, this could not stop the greedy fangs of capital. If capital would let go of such fat meat, it would not be capital.

Seeing that the atmosphere in the conference room was still solemn, Qian Jincai adjusted his sitting posture and leaned back on the chair, tapping his fingers slowly on the table.

"We have no choice but to take this path now, because in addition to us, CC is also in contact with other capitals. It is better to do it sooner rather than later.

At the same time, none of the capital is a fool. It is impossible to think that China's Internet has hatched two golden chickens and look at MM with new eyes.

Capital is much smarter than we think. Now MM's income is indeed good, and the user base it occupies is also millions. But as long as YY is pressing on its head, no capital is willing to invest in a company that will die sooner or later.

So we can only give up most of the company's shares and enter the international market as soon as possible, so that we can make a comeback with the help of the stock market. Otherwise, with the current rhythm of MM's slow death, the shares in our hands will not be worth a penny."

Several senior executives of Parkson Technology opened their mouths to say something, but in the end, what they wanted to say turned into sighs.

Without sufficient benefits, capital will not finance Parkson, let alone help Parkson go abroad to go public in the US market. If they cannot satisfy their appetite, perhaps these capitals will choose to cooperate with YY, which has more stringent conditions.

Because such investment is a sure-win deal, as long as you are not a fool, you will know that it is because you can get more benefits from MM or CC.

In the end, it is not just buying a golden egg, but even the golden chicken that lays the egg can be picked up and taken away. Only then will those capitals ignore Xuri Technology and choose to invest in CC or MM.

At the same time, the current situation is that if you cannot go abroad in advance before YY's harsh conditions cannot be accepted by Western capital, then there is only one way to go to MM.

Now MM in China seems to have support from the top, and it still has hundreds of millions of annual turnover by imitating YY, which looks very profitable, and it shares the world with CC and YY.

But the family knows their own business. The so-called three-way world is just self-praise. The real situation is that YY is the only one, and the other two are hiding in the corner and trembling.

Now MM and CC's situation in China is like a prisoner being tortured in a cell, with wet paper stuck on their faces.

They can only use the psychological desire to balance, and stick out their tongues to lick holes in the paper stuck on their faces one by one so that they can breathe a little.

But as YY develops faster and faster, it has begun to build the prototype of a business empire. The paper covering MM and CC's faces is getting thicker and thicker. Their tongues are not long enough, and death is only a matter of time.

In the face of such torture, if there is hope of survival, who would not want to struggle?

What's more, this hope of survival also has the opportunity for the serfs to sing. Why don't you hold on tightly? Wait until it cools down?

"It's all YY's fault. If he hadn't pushed us too hard, how could we have made such a choice?"

"It's all YY's fault. They have to dominate the domestic market, leaving no room for other competitors to survive."

"It's all YY's fault. We are also forced to do so."

This is the excuse many Parkson executives find for themselves to compromise. Although this excuse is very shameless, now they can't find any other excuse to comfort themselves.

"Mr. Qian, when we sign this financing agreement, we are going abroad. We may even be listed in the United States, but here in China, especially those lawsuits."

Someone spoke, and the atmosphere in the conference room, which had found an excuse to be more relaxed, suddenly became more solemn.

Why are the above cases delaying YY's lawsuit against MM and CC for plagiarism?

Isn't it because they feel that neither MM nor CC can compete with YY together, so they can only sideline and hope that the industry can have a competitive atmosphere and prevent YY from monopolizing it?

If they dared to sign such an agreement with foreign capital that almost sold off all their property, the people above who were helping them with Xini would definitely point their noses in the girl's nose and scold Erwuzi.

In other words, if there is no peace once this agreement is signed, then those lawsuits will undoubtedly be lost, and the domestic territory will need to be completely abandoned, and a large amount of compensation will also have to be faced.

"I have discussed this with people at venture capital, and their opinion is that these lawsuits can be dragged on. We can make foreign language servers for promotion, and we can drag on as long as we can."

"Then if you lose in the end, you'll have to pay compensation."

"If the English server is successfully built and MM is successfully launched abroad, then if the domestic lawsuit is lost, MM can apply for bankruptcy. Rest assured that the management's shares will not be affected by the bankruptcy of domestic MM. This is very much written in the contract. clear."

“File for bankruptcy!”

Some people exclaimed, and many people had a look of resistance on their faces. After all, they have put a lot of effort into the domestic industry.

But hard work comes before profit. This is obviously a way to escape from the golden cicada's shell. Ignore the lawsuits for now, just empty out all the valuable things of MM and transfer them abroad.

Then after waiting for the lawsuit to be lost, Parkson will directly file for bankruptcy to avoid huge penalties. This move is cruel and cruel, and MM's losses will be negligible by then.

But this also eliminates the possibility of them returning to the country in the future. After all, no one who is teased like this will be able to let such a young man return to the country.

"Quiet." Qian Jincai knocked on the table and shouted.

The conference room, which had become a little noisy, became quiet.

“Originally I didn’t want to tell you this, but for the sake of my colleagues over the years, I’m going to tell you to give you a chance to make a choice.

I don’t want you to go abroad with me in the future and find out that this matter will cause any conflicts. If you are willing to sell your shares now, you can repurchase them according to the current MM stock price.

If you don’t want to sell your shares and decide to go abroad with me to do something big, then it’s best to keep it a secret and let’s fight through everything.

In fact, today's meeting is not discussing this matter. The contract has already been signed. I didn't sign it without telling you. We have discussed the process for this matter in advance. At the same time, the company's major shareholders have sold their shares to venture capital investors.

When the other party came to me to sign a contract, they already held more than 60% of Parkson shares. If I did not agree to this financing agreement.

Then they will use their absolute controlling rights to reorganize the company's board of directors, and by then they will not even hold the last ten percent of our management's shares."

Qian Jincai didn't say any more. Many of Parkson's senior executives looked a bit ugly. They were obviously very angry about the foreign devils' move to force people into the palace, but they had no choice.

Either get out now or follow suit. The foreign devils did not give them a third option.

"Mr. Qian, I need to think about it. I suddenly have to go abroad to work. My wife and children are still in China."

"As long as you are willing to go abroad with us, the venture capital company will help everyone here obtain a green card in the United States. You will definitely get it within three years. This clause can also be signed in the agreement."

The green card is still very attractive to everyone. Many people even fake marriages and are bullied in various ways just to get an American green card.

Qian Jincai still hopes that the current team can be brought out completely, because only in this way can Parkson start all work immediately when it goes abroad, and there will not be too many problems before going public.

Foreign IT technology is indeed better than domestic technology, but no matter how powerful people are, they will not be able to integrate into Parkson's team and successfully launch MM in Europe and the United States. Then, no matter how powerful technical talents are, they will be useless. For this reason, money comes into play. very clear.

That's why we strive for so many benefits for the company's technical department and management during negotiations. Of course, besides making money, there are other selfish motives.

That is, the important technical departments and management are still his own, which can help him better control the company.

In this way, even if his holdings in the company are very small abroad, as long as he still holds the management and decision-making rights of the company, he is qualified to talk to those investment capitals.

If this position is also lost, then he will completely become a puppet in the wind shooter. He can only move however the opponent wants, without any room for autonomy.