Although the financing agreement has been signed, the $2 million will not arrive immediately, and there is still a long process to go.

Nowadays, foreign exchange controls are very strict, and some areas are not open to foreign investment, and it is very troublesome to get this fund.

Early the next morning, Liu Chang found Chen Qiaoshan, the financing agreement was signed, not to mention that the money had not arrived, and the gap in funds was getting bigger and bigger.

"I have found several law firms, and now the fees for doing VIE structure are not low, the asking price starts at hundreds of thousands, and the fees of overseas registered agents have to be calculated separately, and we can't get so much money out of our accounts. For the sake of the funding gap, Liu Chang was so worried.

I don't know what agreement was reached with Chen Qiaoshan privately, Dai Zhikang announced the expansion of the R&D team as soon as he returned to the company, and continuously issued recruitment notices everywhere in the relevant majors of Peking University, Tsinghua University, Beihang University, and Beijing University of Posts.

This is not the end, the salary promised by Kangsheng is not low, it has exceeded the industry standard of Zhongguancun, so if it continues, the monthly salary expenditure will rise sharply.

Chen Qiaoshan also had a bit of a headache, he was also worried about money, but things couldn't be delayed.

The so-called VIE structure, also known as agreement control, is an agreement control over the latter by foreign capital by signing a series of binding terms and contracts with domestic companies, so as to achieve investment purposes.

This is currently the most common capital structure for Internet companies, and several major domestic Internet giants, including BAT, are all in this capital structure.

Overseas capital investment in some industries is restricted by policies, on the one hand, the VIE structure circumvents the relevant domestic laws, on the other hand, it is also convenient for foreign capital to withdraw, so that it is very popular in the capital market, and it has been popular since its birth, which can be regarded as a kind of financial innovation.

Of course, there are pros and cons to everything.

According to the Contract Law, VIE is an invalid contract that conceals illegal in a legal form, but the government neither supports nor opposes this investment method due to various considerations, which is currently considered a gray area.

Fundamentally, the VIE structure provides financial support for the development of domestic Internet enterprises.

That's why, many Internet companies are domiciled in Cayman, because that's one of the components of the VIE structure, and in the beginning, tax avoidance and concealment of financial information were not their main purpose.

The VIE structure is not perfect, at the very least, without dismantling the VIE structure, domestic companies are unable to be listed on the A-share market, of course, many companies choose to list overseas, which also has a certain relationship with the listing conditions of the A-shares.

Under the VIE structure, there is no close affiliation between Chinese and foreign companies, which loses legal constraints, and it is legal to take money to break the contract, although it is immoral.

The 11-year crisis of Chinese concept stocks was due to the unilateral dismantling of the VIE agreement by an Internet tycoon and the kicking out of foreign capital, which led overseas investors to have doubts about the VIE structure.

In the end, many domestic Internet companies suffered heavy losses.

Regardless of whether it is right or wrong, the most direct consequence is that the Chinese Internet concept stocks listed in the United States have collectively plummeted, with an average decline of more than 10%.

Not only are listed companies affected, but start-ups have also been hit hard, not only are it difficult to get overseas financing, but many Internet companies have also suffered setbacks in listing in the United States, which lasted for a year or two.

Of course, that was years later, and it's still time for VIE to be in full swing.

At present, not only does overseas financing need to set up a VIE structure, but many localized VCs and angel investors also invest through SPVs set up by offshore companies, which has become an inevitable trend in the development of Internet companies.

In 04, there were too few lawyers who were proficient in this business, and the fees were expensive, and in a few years, the full set could be done for 30,000 yuan, and the inflation factor had to be removed, which was the price of cabbage compared to today.

Chen Qiaoshan knew that this money could not be saved, and he couldn't take out this money for the time being, so he had to ask: "Sister Chang, how long can the funds in the company's account last?"

Liu Chang said: "If you just maintain basic operations, you can still hold on for two months." ”

"Two months. Chen Qiaoshan's brows furrowed unconsciously, and he was also a little worried.

This is a dead loop, if the VIE structure is not put together, the funds of JAFCO Asia will not be able to reach the account, even if the other party is willing to borrow, the money will not be available.

There are no proper procedures, and the approval of the State Administration of Foreign Exchange does not need to be thought of.

"I remember that there are still some funds in the forum account, you discussed with Brother Wang, the recent tightening of expenditures, except for employee salaries, all other expenses can be delayed. ”

"What?" Liu Chang was taken aback, "The rental property can be delayed for two days, and the money for server hosting and bandwidth leasing is also owed?"

Chen Qiaoshan nodded, "It's all owed, those people from the management committee can't cut our cables, right?"

"Besides, let's just rely on it for a while, and then go back and make up for it, the top priority is to build the VIE structure first, otherwise the two million dollars will not come in. ”

Liu Chang couldn't help but shake his head again and again, he really hadn't seen anything like this, and he couldn't be so straightforward in his debts, and there was no one else.

After thinking about it, she said again: "Even if other expenses are delayed first, the funds are still not enough, and the cost of overseas agents is not low, plus lawyer fees, miscellaneous things add up to not a small amount." ”

"The lawyer's fee is also delayed, in this way, you find a few more law firms, Kangsheng is also a company with a valuation of tens of millions, and legal counsel will definitely be indispensable in the future, you tell them that this time it will be a trial, and if the cooperation goes well, you will sign a consulting contract." ”

Chen Qiaoshan is very single, what's wrong with the lawyer, the lawyer is also to make money, he still doesn't believe it, he can still starve to death with a golden rice bowl.

Liu Chang was a little hesitant, after all, it is not a small amount, especially dealing with those lawyers, it is very troublesome, the key is to find a reputable law firm, otherwise there will be some problems in the middle, and the trouble will be even greater.

Chen Qiaoshan understood Liu Chang's concerns, and after a little pondering, he confessed again: "Sister Chang, don't think about it, try it first if you succeed or not, if it doesn't work, I'll sell the stock, don't worry, this thing can't stop us." ”

Liu Chang was a little more relaxed, although Chen Qiaoshan owed a lot of debt, but he made a lot of money from the stock market, but he never cashed out.

She suddenly remembered one thing, Dai Zhikang still had more than one million equity transfer money in his hand, and she suggested: "Xiao Dai still has a spare amount of money in his hand, why don't I go to him to try it?"

Chen Qiaoshan shook his head, "Forget it, Xu Xiaoyu is looking around at the house, don't bother them." ”

"Buying a house, it's really fake, who did you listen to?" Liu Chang was a little surprised.

Hearing this news, she also felt a little uncomfortable in her heart, and after so many years with Wang Sifeng, there has been no result.

Liu Chang was a little worried, although she didn't save a few eldest sons, she finally mixed a Yanjing account in the former unit, but Wang Sifeng was a little sad and didn't catch anything.

In these years, it is really not easy to get married in Yanjing, how can I have a place to stay, it is really sad to think about it.

"Of course it's true, the houses have been chosen, just go to the other side, I heard that one hundred and sixty square meters, one million smaller. Chen Qiaoshan didn't say nonsense, this was what Yan Xiaoqin told him when he was wandering around the Blue Flag Camp yesterday.

It's also strange to say, a few days ago, the two families had a very unpleasant quarrel over the matter of equity, and when the financing had an eyebrow, Xu Xiaoyu often took Yan Xiaoqin out for a ride, and the relationship was a lot more harmonious, "Why, Xu Xiaoyu didn't mention it to you?"

Liu Chang smiled bitterly: "What do you have to say to me, am I like someone who can afford to buy a house?"

Chen Qiaoshan glanced at Liu Chang and couldn't help but think of himself in his previous life.

I don't know when it began, the house has become a necessity for marriage, but the house is the most expensive luxury, dragging countless couples of the right age into leftover men and women.

"Sister Chang, what's the hurry, you and Brother Wang will help me for another two years, until you two get married, if you can't afford to buy a house, just come to me, I will be responsible for giving you a set. Chen Qiaoshan said half-jokingly.

Liu Chang rolled her eyes, and didn't take it seriously, she had a plan in her heart, she couldn't afford a big house, and if she saved for another two years, there was still hope for a small two-bedroom apartment.