Water and Flames

Chapter

WAF CH12

by DewdropTL — A few days later, quite suddenly, Fanhai modified its offer once again. This time, in addition to matching Qinghui's bid, Fanhai Group made a rather abnormal move—changing its conditional takeover bid into an unconditional takeover bid. Previously, Fanhai's offer contained a closing condition of "acquiring at least 50%+1 of the voting rights," which was also the usual form for takeover bids. For an acquirer seeking control, obtaining at least 50% of the voting rights was a must, because nominating a…
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Chapter

WAF CH44

by DewdropTL — In that evening’s conference call, Jing Hong responded to the current crisis on behalf of Fanhai Group to major brokerage firms. First, Jing Hong took a firm stance, much like his father, Jing Haiping. He stated that Fanhai and Qinghui were engaged in benign competition and that blocking external links was solely done to protect users. Since Fanhai Group could not guarantee the content of those external videos, restricting links was a risk-averse strategy. He noted that Qinghui’s products had always…
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Chapter

WAF CH23

by DewdropTL — With Fanhai powerless to reverse the situations regarding Xindong Media and Feichi Motors, Jing Hong naturally put them out of his mind. A few days later, Jing Hong had to travel to Chongqing to attend a highly important event—the China International Intelligent Industry Expo, commonly known as the "Smart China Expo." The Smart China Expo was jointly hosted by over a dozen ministries and commissions, including the Ministry of Industry and Information Technology, the National Development and Reform…
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Chapter

WAF CH55

by DewdropTL — When the near-suffocating kiss finally came to an end, Jing Hong felt as though his tongue and lips had gone completely numb. He held a hand over his lips, but Zhou Chang somewhat firmly pulled his hand down again, revealing two bright red, thoroughly kissed lips. Zhou Chang himself was hardly in better shape; catching his breath slightly, he remarked, "President Jing, I'm afraid those Taekwondo lessons of yours were for nothing." "Zhou Chang," Jing Hong warned, "there's a limit to how far you can…
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Chapter

WAF CH2

by DewdropTL — Before long, the car pulled up in front of Jing Haiping’s villa. Jing Hong put away the two documents he had just finished reviewing, and the driver opened the door. Stepping out, Jing Hong said to the driver, "You can head back first." The driver asked, "Shall I leave the car with you, then?" "No need," Jing Hong said. "Drive it back. Just pick me up at Zhuxiang Qingyun tomorrow morning as usual." This meant he would return to his own home tonight—a flat of over 300 square meters located in…
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Chapter

WAF CH34

by DewdropTL — Facing Zhou Chang's invitation, Jing Hong's chest heaved violently as he said, "Alright." Zhou Chang gave him a deep look, turned, and led the way. The sounds of music, chatter, and crashing waves drew closer once more as they returned to the dock. A fiery tune struck up, and the crowd grew lively again. Ladies twirled and spun, their red or yellow dresses fluttering in the sea breeze—so captivating to behold. Yet Jing Hong and Zhou Chang didn't tarry for a second, walking straight past the…
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Chapter

WAF CH66

by DewdropTL — A few days after the annual gala, the external landscape suddenly underwent a dramatic shift. The trade war between China and the United States escalated once again, plunging tariff negotiations into a complete deadlock. At the same time, the President of the United States signed an executive order, declaring that several Chinese mobile applications—by virtue of possessing vast quantities of data—posed an absolute threat to U.S. national security. Effective after 45 days, any U.S. individual or…
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Chapter

WAF CH13

by DewdropTL — After that, Med-Ferry kept pressing Fanhai Group, asking whether they would match Qinghui’s offer and stating that Fanhai's current offer undervalued Med-Ferry. Following Jing Hong's instruction, Zhao Hanqing simply replied, "We'll think about it," "We're still considering it," and "We need a little more time." After stalling for a while, Jing Hong finally felt that the timing was just about right. Jing Hong asked President Shen of Goldman Sachs to act as a middleman, saying he wanted to arrange a…
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Chapter

WAF CH45

by DewdropTL — Fanhai was caught in a cascading series of crises—getting shorted by Wall Street, investigated by the SEC, dumped by major shareholders, tangled in Weilai’s "sudden shift in accounting standards," and embroiling itself in a dispute with Tianping Supermarket... One wave had barely subsided before another crested. These crises were intricately linked, impacting one another like a falling line of dominoes; if one piece toppled, the entire structure risked collapsing. Resolving such a deadlock required…
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Chapter

WAF CH24

by DewdropTL — After arriving at the hotel, Jing Hong realized that neither he nor Zhou Chang had chosen the official hotel. Instead, by coincidence, they had both checked into a different one. The hotel they selected was located at the intersection of the two rivers, boasting an exceptional view. It had only two luxury suites, both on the top floor; Fanhai and Qinghui had each booked one, so their suites were right next to each other. After sleeping a night at the hotel, Jing Hong left early the next morning to…
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