156: Chapter 156 Complaint

"What many of us don't know is that...

Huayao has carried out a lot of cooperation with our country,

including extensive collaboration with both the government and the military.

This includes Antarctica;

on our country's Antarctic scientific research ships,

a large portion of the technology used is from Huayao.

And it goes without saying for the military;

those projects are all classified.

If I were to talk about them,

I'm afraid I'd be invited for a 'chat' with the authorities."

The person leaking the information seemed to be an insider,

though of course, it could just be a netizen boasting.

In any case,

Huayao has indeed permeated every aspect of Dragon Country now.

Even if that person was boasting,

no one felt that anything was out of place.

However,

even with the business growing so large,

Huayao has never gone public.

Bai Jingqing kept the company entirely in his own hands.

Of course,

he wasn't the type of person to hoard all the development dividends for himself.

He distributed company shares to many, many people,

and even allowed employees to freely purchase company shares.

But he always held onto a large portion of the company's shares,

and this portion of shares

allowed him to have

veto power in all of the company's decisions.

So it could be said that

the control of Huayao Communications is entirely in Bai Jingqing's hands.

When this point was mentioned,

many people once again expressed their admiration.

"Bai Jingqing originally came from a finance background.

Even if it wasn't from a particularly prestigious school,

he must certainly understand some financial principles.

He should also know that

making money with money

is always the fastest way to get rich.

Yet even so,

he didn't go public,

but instead kept complete control of the company in his own hands."

"Yeah,

once you go public,

there are many uncontrollable factors.

How you develop and in what direction will become big problems.

Take Ideal Technology for example;

their company has many truly talented people,

but they've all been buried.

The ideas they propose can't get the board's approval,

so there's no way to put them into practice.

How the company develops and what direction it moves in

isn't decided by those with real talent,

but is controlled by a bunch of mediocrities."

"On the other hand,

this is also a manifestation of Little Boss Bai's patriotism.

Since Huayao Communications is not listed,

they can boldly carry out various research projects with the government.

Even with military cooperation,

there's no need to worry about leaking military secrets.

This kind of patriotism

is something Ideal Technology, which focuses on sucking up to their foreign masters, could never achieve."

"Yeah,

he could have completely used investment methods,

using money to make more money,

but Little Boss Bai resolutely uses his own technology and products to earn money.

With this kind of sentiment,

who else could do it?"

...

In a survey and statistics report at the beginning of the following year,

the domestic mobile phone market share in Dragon Country had already undergone a massive reshuffle.

The report showed that

Huayao Communications accounted for 59% of the Dragon Country mobile phone market share,

the remaining 21% was Apple,

19% was Li Xiang Phone,

and the final 1%

belonged to miscellaneous brands from other manufacturers.

And this

was the result of Huayao Communications being established for only two years.

The future of Huayao Communications was simply limitless!

Meanwhile, as the live streaming market continued to cool down,

and more and more dirt on Panda Live was unearthed,

many investors were deterred.

Panda Live had been out for a long time,

yet it had never really made any money;

it was basically just burning through cash.

Its profitability was once again called into question,

which further contributed to the hesitation of those investors.

Wang Sicong was anxious every day,

but it was of no use.

Even with the richest man in Dragon Country standing behind him,

he couldn't attract any new investors.

Wang Sicong himself didn't have much money left;

most of it had already been poured into Panda Live.

By now,

he couldn't produce much more cash.

And on Panda Live's side,

there hadn't been any new capital inflow for a long time.

The capital chain

had snapped!

It could be said that

the current Panda Live

was entirely burning through previous financing,

living off its dwindling reserves.

Panda Live could no longer afford

the signing fees for many big streamers.

This led to many popular streamers jumping ship,

returning to other mainstream live streaming platforms,

such as Maoya Live, Dousha Live, and so on.

At this time, Longzhu Live was also nearing bankruptcy.

This year,

even the live streaming platform industry underwent a major reshuffle,

while the short-video format of scrolling through clips

was being recognized and accepted by more and more people.

At the same time,

Zhang Yiming was a very clever person.

Realizing that Douyin's urban users were nearing saturation

and it couldn't attract many more new users,

he immediately shifted battlefields

and targeted the lower-tier markets.

Using methods like giving away eggs, gifts, and cash red envelopes,

as long as they downloaded Douyin

and completed corresponding viewing tasks,

they could receive some small favors from Douyin.

This move

was indeed effective!

Many people in rural areas,

not just the elderly,

but also many young people,

had few forms of entertainment

and plenty of time.

Initially, they downloaded Douyin for those small favors,

but after playing with it for a while,

they couldn't live without Douyin.

This caused Douyin's installation numbers to rise further,

making it perhaps the only one among the internet giants

whose performance was rising rapidly!

Many people were envious

and wanted to get a piece of the pie from Douyin,

but almost all of the significant shares of Douyin were in Bai Jingqing's hands.

The rest

were the technical shares held by Zhang Yiming and his team.

The capital that wanted to invest here

discovered that

they simply couldn't get their hands in!

So, not just Ideal Technology,

but also some other foreign capital

and large multinational corporations

were very envious of Huayao Communications and Douyin.

Since they weren't being included in the profits,

these people even developed a hostile attitude towards Bai Jingqing.

From time to time, they would stir up trouble for Huayao Communications

or smear Douyin.

However, Huayao Communications was now as steady as Mount Tai.

It was no longer the small sapling that had just been planted,

which could be blown away by any gust of wind.

Now it was a towering tree;

without a massive gale,

don't even think about harming its roots.

However,

Bai Jingqing knew

that things weren't completely settled

and weren't unshakable.

Sometimes he would wake up from a dream in a start,

always feeling a sense of unease.

Over at Ideal Technology, they couldn't sit still anymore.

Panda Live was deteriorating by the day,

and Li Xiang Phone was being suppressed by Huayao Communications.

Their situation was truly miserable.

Xue Haixin was eventually pushed forward

to represent Ideal Technology,

traveling to Kyoto

to file a complaint with the higher-ups.

After much hardship,

Xue Haixin finally met with several ministers.

Actually, he had met these ministers a few times before,

so they were considered old acquaintances.

The ministers asked him what the matter was,

and so Xue Haixin began his tearful plea:

"Ministers,

I wonder what your views are on Huayao?"