Water and Flames

Chapter

WAF CH27

by DewdropTL — A few days later, Zhao Hanqing reported back to Jing Hong on Saint Games' progress. Fanhai Group refused to commit to no future share increases. Meanwhile, the Saint Games board of directors found themselves completely powerless against the invasion of Qinghui Group—the "barbarians at the gate"—because Qinghui's offer was genuinely high, and the individual shareholders were quite eager to sell. Ultimately, after several rounds of negotiations, both sides adjusted the "no further share increases"…
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Chapter

WAF CH59

by DewdropTL — The very next day, Jing Hong bought a house right in Zhou Chang’s residential compound—money was the last thing he lacked, and he could buy whatever he pleased. Doing this was merely to throw people off the scent; after all, Jing Hong was driven home by Fanhai’s chauffeur every day. Jing Hong didn't want others to know about their secret relationship, and Zhou Chang felt the exact same way. This kind of relationship was simply too dangerous. The CEOs of two rival giant companies acting like…
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Chapter

WAF CH6

by DewdropTL — Two weeks after drafting the agreement, the various parties involved in the Kunpeng-Huawei merger officially signed the paperwork. Except for the CEO position, Jing Hong was generally satisfied with this dual-party merger. The new post-merger company established an 11-member board of directors: the management team held five seats—including the former CEO of Kunpeng, the former CEO of Huawei, the CTOs (Chief Technology Officers) of both sides, and a CMO (Chief Marketing Officer)—financial investors…
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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 CH70

by DewdropTL — In the two weeks that followed, Weilai’s executive suite underwent further upheaval. Li Zhiyong officially resigned, leaving the CTO to pick up the pieces—a man who had essentially served as acting chairman and acting CEO for the preceding two months. He had previously been the CEO of a star startup acquired by Weilai, after which he joined the tech giant. Word had it that he was personally deeply grateful to Li Zhiyong and harbored a strong dislike for Zhou Buqun. Back then, Qinghui had torn up an…
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Chapter

WAF CH17

by DewdropTL — After resting for a night, early the next morning, Jing Hong suddenly felt a desire to wander around this historic town he had never visited before. Without having his assistants tag along, Jing Hong left the hotel alone. He had brought four or five people with him for the World Internet Conference this time, but the small town was actually quite large, with the scenic areas split into the West Grid (Xizha) and East Grid (Dongzha). Experiencing all of it would take at least a few hours, yet they were…
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Chapter

WAF CH49

by DewdropTL — At the exact same time Fanhai was being shorted by major institutions, Jing Tianping’s "Tianping Supermarket" was truly divorcing itself from Fanhai. Fanhai first acquired Xianglong Live from Qinghui. Afterwards, because Jing Bo resolutely opposed the merger agreement with Xianglong, Jing Hong had no choice but to liquidate his shares in Wujie during a new round of financing—completely "abandoning" Wujie to foster Xianglong instead, just as he had discussed back then. Jing Bo’s choice was not…
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Chapter

WAF CH28

by DewdropTL — One day in late July, the due diligence process officially was settled. Fanhai's tender offer took effect, kicking off a month-long acquisition window. Because Saint Games' board of directors covertly advised major shareholders to retain their shares, and because Fanhai's offer price couldn't match those offering several-hundred-percent premiums, not many shareholders ultimately accepted the offer and sold their shares. By the time the tender offer expired, Fanhai held a total stake of 31%. As a…
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Chapter

WAF CH60

by DewdropTL — Four days later, Zhou Chang returned to Beijing from Guangzhou. This business trip had lasted a total of five days—a considerably long time for him. After landing, Zhou Chang went straight to Qinghui Headquarters first, listening to dozens of reports, signing dozens of documents, and approving dozens of work initiatives. By the time he arrived home, it was already extremely late. Yet, his heart was fluttering with anticipation. This kind of longing was something he had never experienced in…
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Chapter

WAF CH7

by DewdropTL — After the tea break ended, there were three more speeches left in the program. The theme of Zhou Chang's presentation was Quantum AI. "An artificial intelligence that learns must be 'fed' enormous amounts of data," Zhou Chang said, "and the biggest advantage Chinese enterprises possess in AI is data. Artificial intelligence typically requires long periods of relevant training, with large models containing hundreds of billions or even trillions of parameters. However, quantum computing can elevate the…
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