Water and Flames

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 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 CH43

by DewdropTL — There is an old saying: "Before one wave subsides, another rises." There is another saying: "Blessings rarely come in pairs, but misfortunes never come singly." Before the troublesome matter with Jing Tianping and "Wujie Live" could even be settled, Fanhai Group encountered yet another round of short selling on NASDAQ. The short sellers "borrowed" a massive amount of Fanhai Group shares to sell first, intending to buy them back at real-time market prices and return them after an expected sharp drop…
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Chapter

WAF CH42

by DewdropTL — Over the next few weeks, Jing Hong spoke with Jing Tianping twice more—once on Jing Hong's initiative, and the other on Jing Tianping's—yet they still failed to reach an agreement. The occasion Jing Hong initiated was a round of golf at an upscale club, but they didn't come to terms on business. Instead, a college senior nearby recognized Jing Hong as a so-called "mogul" and actually handed over his resume. Jing Hong actually liked people who knew how to seize opportunities, so he had the company's…
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Chapter

WAF CH41

by DewdropTL — On the sixth day of the Lunar New Year, Jing Hong made an appointment to have dinner with his eldest uncle to talk things over, and his uncle reserved a room at a Japanese restaurant. The restaurant enjoyed a solid reputation. Inside, it was filled with expertly crafted artificial cherry blossom trees—though the petals were remarkably lifelike. Small private dining rooms were arranged on both sides of the corridor, their ceilings left open so diners inside could look up at the "cherry blossoms." The…
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Chapter

WAF CH40

by DewdropTL — A few days later, the Spring Festival arrived. Jing Hong worked straight through until six o’clock on the evening of New Year’s Eve before personally driving a Mercedes to Jing Haiping’s place to celebrate the New Year. The driver had long since returned to his hometown for the holidays. Jing Hong’s grandparents on his father’s side had passed away over a decade ago, while his maternal grandparents and uncles lived in a small city abroad. Jing Hong’s immediate family gathered with his…
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Chapter

WAF CH39

by DewdropTL — Because the evidence was genuinely insufficient, the matter of the virus simply faded into nothingness. Chief Zheng merely invited Zhou Chang over for a simple chat, stating that they had received a report but the Network Security Division had already suppressed it. He advised Qinghui to take note in the future—to correct mistakes if any were made and strive further if none were—and with that, the issue was put to rest. The day after the dust settled, Zhou Chang sent a message to Jing Hong’s…
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Chapter

WAF CH38

by DewdropTL — That evening, Jing Hong met the founder of a startup company at the Zhili Club near Peking University. Accompanying him were several people, including Zhao Hanqing. The theme was once again a plea to "get together"—Jing Hong hoped that Fanhai would invest in the other party's company. The Zhili Club served Baoding cuisine; the flavor was mediocre, yet the prices were by no means cheap. After finishing their conversation, Jing Hong bade farewell to the founder, and they walked out together.…
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Chapter

WAF CH37

by DewdropTL — In January, the weather turned chilly. Some time had passed since that bitter parting with Zhou Chang. Jing Hong forced himself to stop recalling that night—and even that name—though, as the CEO of Fanhai, that was naturally impossible. Fortunately, Jing Hong was still able to remain professional. On this day, Jing Hong first addressed a few business-related issues. The "AI Loan" product had already been launched into the financial market, but the market response fell short of…
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Chapter

WAF CH36

by DewdropTL — A few days after returning to Beijing, Jing Hong was scheduled to attend a relatively large IT conference held in Chengdu, one which Zhou Chang would also be attending. Jing Hong’s first reaction was that he didn’t want to go; his second reaction was why on earth shouldn't I? He thought he could bring everything back to its original state. The night before the IT conference, Jing Hong told his assistant, Tan Qian, to head to the conference venue earlier, instructing: "Check the name cards on the…
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