Chapter 631: Fines

"Why did the Yankees fine us $5.7 million"

Ma Jun was a little indignant, and when he heard the news at first, he was about to explode.

Although the mood is calmer now, I still can't wait to raise the ashes of the Yankees.

Zhang Yida sat in the boss's chair in the office, smoking a cigarette and not speaking.

The difficulties that Toutiao suffered in his previous life did not disappear because of his appearance.

Xiao Mazi has only been saying cruel words for a few months, and his words have come true, and ICAY has encountered the same problem, Xiao Mazi should be secretly laughing at this time.

Zhang Yida snuffed out the cigarette butt in the ashtray and asked, "What does the legal counsel say?"

Ma Jun shook his head, "The reason given by the U.S. Federal Trade Commission and market regulators is that ICAY illegally collected the names, email addresses and other information of minors under the age of 13 without parental consent, which violated the U.S. child online protection law.

This is a trumped-up charge

In the United States, not only games, but also online social platforms such as Facebook and Twitter do not explicitly prohibit children from playing.

And our openness to American children turned out to be evidence of "illegality" under the double standard.

Oh, by the way, the in-house counsel of the U.S. region said that this kind of thing can only be solved by spending money. ”

Zhang Yida looked at the globe on the table, and the 9.37 million square kilometers of the United States territory was very conspicuous.

ICAY currently has 30 million monthly active users in the United States, accounting for about one-tenth of the total population of 3.3 billion in the United States.

Among them, 1624-year-old teenage users account for 60% of ICAY's total users.

At the same time, 70% of ICAY's revenue is contributed by the U.S. market, although it is not much, it is nearly 10 million dollars per month, and it is still growing rapidly.

ICAY is still losing money until now, and has entered more than 100 countries and regions, and has built a local operation and audit team of tens of thousands of people.

In addition to employee salaries, there are also server fees, and hundreds of millions of short videos are played every day, which is also a very scary expense.

In addition, ICAY also has to advertise to attract new customers.

The $5.7 million fine isn't much, but it's the first time ICAY has been fined.

At the same time, it also sent a signal that the Yankees were starting to attack ICAY.

It is estimated that there will be no less difficulties in the future

It was this that really made Zhang Yida frustrated, even worried.

ZTE and Huawei have been sanctioned by the Americans, and it is normal for ICA to run into it.

It's almost impossible to pay the fine and be fine.

How to solve this problem

Zhang Yida kept thinking there, and Ma Jun was sitting on the side, not daring to disturb him.

"Let's tell the directors to have a meeting"

Zhang Yida decided to brainstorm once, and also consulted with Goldman Sachs shareholders.

Domestic netizens are quite upset about ICAY, in their opinion, the company that can be sanctioned by the United States must be an excellent company.

Mediocre companies, the Yankees will not be afraid of, nor will they try to add to the blockage.

ICAY is by far one of China's most successful overseas Internet products.

Conquered the U.S. market, Facebook, Serab plagiarism, but still can't catch up.

This is a successful reverse export in the 20-year history of the Chinese Internet industry in the United States.

Although it is not as hardcore technology as Huawei, it can be regarded as a respectable Internet application.

The nets are cheering for ICAY.

At the same time, a remote meeting is also taking place in the large conference room of Ruixiang.

"Robert, I think you've heard what happened to ICAY in the United States."

Zhang Yida looked at the shiny bald head that was projected on the big screen of 4 meters by 4 meters in the conference room and asked.

Robert touched his Bezos hairstyle of the same style, with a tangled and helpless expression.

"Mr. Zhang, I am very sympathetic to ICAY's plight, and Goldman Sachs also found the lobbying firm as soon as possible, ready to lobby the government to withdraw the penalty decision.

But unfortunately, the Trump administration is determined to do ICAY this time. ”

Robert sighed and scolded, "This fucking ideology"

Zhang Yida nodded and thanked Goldman Sachs for its help.

"What I'm most worried about now is that there may continue to be such a thing in the future, do you Goldman Sachs have any good suggestions?"

Robert pondered for a moment and said, "There is a solution, which is to spin off ICAY and become a Silicon Valley technology company that serves the global market outside of China, just like Facebook." ”

Zhang Yida shook his head, "Robert, you know, if you strip it like that, it is a salad, and even the advertising revenue is weaker than the salad."

Staying in the Ruixiang system is very beneficial to improving the valuation concept when Ruixiang is listed.

Like Penguin and Ahri, there has never been such an app that has taken the ball by storm.

Without ICAY, Ruixiang is a mediocre Chinese technology company that lacks a lot of bright spots. ”

Rob nodded, "I admit that Mr. Zhang, you have a very reasonable point, and we don't want to see ICAY split up.

But think about it, there has never been a Chinese tech company that has conquered the United States.

In the past, technology could not do it, but now it can be done, but it has caught up with the geopolitical crisis.

The ideal is beautiful, but the reality is very cruel. ”

Zhang Yida smiled, "Okay, I will carefully consider Goldman Sachs' proposal."

By the way, we plan to set up a national situation research and judgment expert group.

Do you have any suitable candidates to recommend?"

"Wow, you're going to set up such a department."

Robert was also a little surprised, he could see Ruixiang's ambition.

None of the companies that have set up such a department are small companies, and many energy giants and technology giants have such a functional department, which is just called different.

"Yes, we must have such a think tank with an international perspective to give advice to our group, study and judge the international situation, and avoid various political risks and economic losses. ”

Zhang Yida had such an idea a long time ago, but the company was too small and the scale of international business was not large.

Now Ruixiang is only waiting for the listing, and it will completely become one of the top ten Internet giants in the world.

There is a qualification and a need to establish such a senior functional department.

"That's fine, you can ask the right person when you look for Goldman Sachs. ”

Robert said confidently, "Goldman Sachs has a specialty, called the U.S. Treasury Secretary.

In addition, there are many other senior federal government officials.

You can rest assured, this matter is on us, and we can definitely find a few wise men who are familiar with the various rules of the United States.

It's just that the salary is quite expensive. ”

Zhang Yida said with a smile, "There is no problem with salary, as long as there is the corresponding talent, there will be a salary that matches the talent." ”

"Okay, that's it, goodbye Mr. Zhang"

Robert waved his hand at Zhang Yida, and the screen went black.

Zhang Yida glanced at the investors and directors present and said, "Do you have any good ideas?"

"When it's really impossible to do anything, splitting is the best way to recover a certain loss. ”

Shen Beipeng looked at Zhang Yida and said with a smile: "You and the team have done a good job, and the remaining non-individual and corporate forces can promote."

Even if ICAY is spun off, it will not affect you and Ruixiang's influence in the global Internet industry. ”

Xu Xiaoming also said: "Yes, who would have thought that Ruixiang could develop into such a strong and prosperous place today that even the U.S. federal government began to be afraid of it, and even played small tricks."

Not only what will happen in the future, Ruixiang has left a strong mark in the history of China's Internet development. ”

Other investors also spoke out, saying things similar to Shen and Xu.

Investors are already very satisfied with the current Ruixiang.

Of course, they are happier to be the top giants with a market capitalization of trillions of dollars.

But the examples of ZTE and Huawei are in the past, and they feel that they still need to be realistic.

Otherwise, the higher the expectations, the greater the disappointment