Chapter 221: It's definitely a system problem!

Xu Teng has been living at the Silicon Valley Marriott Hotel in Fremont during this time, close to the beautiful Wolf Creek and San Francisco Bay, and during the month of his business trip to the United States, he spent most of his time in the ocean-view suite on the top floor of the hotel, rarely going out. Pen ~ fun ~ pavilion www.biquge.info

He has too much work to do, and he must hide behind the scenes and slowly clean up the mess of the Xu family in the United States.

the-shunfamliy!

The Xu family has registered 39 family trusts in multiple states, 17 of which have taken advantage of loopholes in different state and federal laws to invest in the United States in the name of domestic assets to avoid CFIUS scrutiny, with a total market capitalization of about $14 billion.

Xu Teng had planned to use these funds to inject $2 billion into Herbalife to make it fully "U.S. capitalized" to avoid scrutiny by the foreign investment committee and buy the fund's testing instrument company IIIUMINA.

It wasn't until Xu Teng carefully read the risk assessment report submitted by O'Melveny that he realized that the risk was a bit too high.

First, the Xu family is no longer comparable to five years ago, and there is no need to continue to take risks.

Second, the registration of local assets as foreign capital, and the registration of foreign capital as local assets, these are all a means of tax avoidance, tax avoidance is not a big problem, evading the review process of the foreign investment committee is a fatal big problem, once it is raised to the political factors between China and the United States, the consequences are unimaginable.

Third, the market value of these assets will eventually be even more staggering, and sooner or later it will attract the attention of the US Social and Foreign Investment Commission, and even a tweet from an insider could trigger a tsunami-like catastrophe.

I am not afraid of 10,000 in everything, but I am afraid of what happens.

The core legal consultant of the Xu family in the United States is the Chinese lawyer Huang Yadong, who was born in Harvard Law School and was also a senior partner of a top law firm in the United States in the past.

In the past few days, with the help of lawyer Huang, Xu Teng has focused on dealing with the problem of these 17 illegal trust funds.

He was discussing the best course of action with Mr. Huang when Yu Suyun knocked on the door and reminded him, "Miss Holmes of Theranos has come to visit you and said that you promised to talk to her about the company's investment business. ”

"Oh, last time at the inauguration ceremony of SVB Silicon Silver Company, I casually said to her, you asked her to wait for half an hour, and said that I have a guest. "Xu Teng is having a headache at this moment.

It is not very difficult to change these assets into "non-US trust assets", and there are professional lawyers in charge of handling them anyway, but how to acquire Willner, IIIUMINA, Regeneron, and how to acquire GT-Solar and Sunpower, which Xu Teng recently selected in the photovoltaic industry, and how to face the review of the foreign investment committee, are all troublesome matters.

Xu Teng can't take care of these things now, after all, the top priority is to clean up the mess of the Xu family and deal with the illegal into legal.

Half an hour later, Mr. Huang returned to his room and led a paralegal to continue working on the legal documents.

Miss Elizabeth Holmes then entered Xu Teng's sea-view premium suite in the Marriott Hotel, wearing a very beautiful white suit skirt and a very beautiful royal blue tourmaline necklace.

Xu Teng put together the few documents in his hand, invited her to sit in the sofa chair opposite the desk, personally poured her a glass of wine, and sat down along the edge of the table, "Sorry, I may be a little busy today, and it is difficult to squeeze out too much time." ”

He was very polite to this woman, because he had previously read the detailed resume of the other party, a presidential scholarship winner at Stanford University, his father was a vice president of Tenneco Auto Parts, his mother was born in the Hadley family, and he is the sister of Stephen Hadley, who is now the assistant secretary of state, his maternal grandfather was a Republican senator, and his great-great-grandfather Christian Holmes was a famous entrepreneur during World War I and founded the University of Cincinnati Medical Center, which is still the most important private hospital and medical research center in the central United States.

In short, this is the same as Bill Gates, an elite white man of American upper-class origin, descended from the English Puritans, whose father was Sherlock Holmes IV and her younger brother was Sherlock Holmes V.

This special naming proves what kind of family she came from.

In fact, it was because of all this that she was able to apply for a presidential scholarship at Stanford University and an internship at the Singapore Institute of Genomics in her freshman year.

"It doesn't matter. Miss Elizabeth Holmes tried to say a word in Chinese, a little proud, after all, being able to speak Chinese is a cool thing.

"When did you learn Chinese?" Xu Teng must still be a little surprised, and she couldn't tell that she didn't learn two pronunciations temporarily.

"At the age of 9, my father, who had worked for Tenneco in Shanghai for several years, was very interested in China and hired a tutor in Chinese for my brother and me. Miss Holmes switched back to English because Xu Teng's English was much better than her Chinese level.

"Oh, that's great, Chinese is a very difficult language to master, but the interesting thing about it is that you only need to memorize a few thousand Chinese characters, and you can read everything Chinese newspapers, magazines, and all kinds of professional books, unlike English. Of course, this requires you to spend a lot of effort learning Chinese and understanding the complex meaning of each hieroglyph. Xu Teng smiled, feeling that this girl was really getting more and more interesting.

Xu Tengzhen didn't know that the future Miss Holmes would be the most bullish deception in the history of the American high-tech industry, defrauding a net worth of $4.5 billion.

All he knew was that this was the upper class of white American society, and that her family had realized the American dream a century earlier, made a fortune, and was among the upper class, even as early as when the family's ancestors arrived in the United States, they were upper-class businessmen.

"I know you're pressed for time, so could I be more direct and simple?" Miss Holmes sat elegantly and smiled softly and confidently.

"Say it. Xu Teng nodded, returned to his seat, and looked at each other.

"I was surprised to see SVB's equity sheet and internal bylaws, and I swear, I didn't mean to see them, but in my freshman year, I had taken a financial law course at school...... So, I believe this is a very clever and very effective professional strategy developed by you and The-Shunfamliy, in order to circumvent CFIUS (Committee on Foreign Investment in the United States) scrutiny. "Miss Holmes is a top beauty who is very good at lying, the elite of white society, who has lived in this atmosphere since she was a child, and she certainly did it on purpose, and she used a lot of means.

She just wanted to look at SVB's capital injection size and shareholding structure to determine who she was going to do to get a big investment, and on very favorable terms.

She's smart, and as a result, she's discovered an even more hidden secret.

The shareholding structure of SVB Silicon Silver Company is very peculiar, The-Shunfamliy provides 85% of the capital, enjoys 70% of the profit dividends, but only enjoys 40% of the equity and voting rights, in terms of equity structure and registered place, management rights, this is an absolutely Americanized American investment bank, but the main income belongs to the overseas non-American capital of the Xu family.

Miss Holmes was smart enough to realize that this was a killer tactic used by The-Shunfamliy to circumvent CFIUS scrutiny, and that only companies like Saudi sovereign funds would use this special method of concealment.

This also means that Xu Teng's goal behind the scenes to form SVB Silicon Silver is not only to support Silicon Valley startups, but also to acquire other mature high-tech companies in the United States.

So, Miss Holmes came over this time to make a deal with Xu Teng, "My family has some special connections and lobbying skills, and if your goal is to buy Boston Technology Discovery, maybe you don't need to go through such trouble. ”

"Boston Tech Discovery is an interesting company, and I appreciate their positive talks in the areas of artificial intelligence and functional robotics, but business is business. The truth of the matter is that I don't care if the acquisition is completed in the end, and I made an offer of $240 million and offered a long-term research grant to get the deal done...... These are just symbolic moves. ”

Xu Teng doesn't need to hide it, the source of Boston Science and Technology Exploration Company's technology is MIT Massachusetts Institute of Technology, which is the same as Boston Dynamics Machinery Company, except that the latter has scientific research grants and defense contracts from the U.S. Department of Defense.

Although Boston Science and Technology Exploration Company does not have a defense contract, it has long benefited from the national scientific research subsidy of the United States, and Xu Teng proposed the acquisition in the name of Huateng Industrial Holding Group Company, which is pure speculation.

Xu Teng took out one from a pile of information sheets on his desk, folded it into a paper airplane, and gently threw it to Miss Holmes, "These are the five companies I decided to acquire after visiting the United States this month." ”

"Boston Tech Discovery represents the future of human progress, but it's only the future, and as businessmen, we should obviously be more focused on the profit center of the next decade than the profit center of the next thirty years. Xu Teng drank the wine, very calm, he had long expected that this young lady was not simple, her maternal grandfather was once the governor and senator of Ohio.

Sherlock Holmes I was a railroad tycoon, a peer of the times of J.P. Morgan and Andrew Carnegie, Sherlock Holmes II was the founder of Tenneco, and it was since Sherlock Holmes II that the family has been an important supporter of the Republican Party in Ohio, an elite family of the Republican Party.

In the United States, there are many ways to succeed, but if you list all the leaders of the American high-tech industry, almost all of them are white, and they are all white people from the upper class, and that's the problem.

"I thought, I can help you, maybe not all the acquisitions, but at least a few are fine. After reading the list given by Xu Teng, as well as the relevant information of these companies, Miss Holmes found that except for Willner, which has good profitability in health care products and skin care products, the remaining four high-tech companies actually lack beautiful financial statements, and their asset size is also in the scale of three or four billion US dollars, or even lower.

iiiumina is the world's top genetic testing instrument company, regeneron pharmaceuticals is a pioneer biotechnology company that has not yet launched successful products, and GT-SOLAR is the top silicon crystal equipment manufacturer, a low-market value unicorn company, which has not yet been listed, and its technical level is almost unique in the world.

Sunpower is the originator of the photovoltaic power generation field in the United States and a typical unicorn enterprise.

If possible, Xu Teng hopes to use Herbalife to acquire Willner, IIIUMINA, and Regeneron, and use British Phoenix Capital to acquire GT-Solar and Sunpower, and then transfer some of the technology to China.

At the second annual meeting in July, the photovoltaic industry has entered the direction of the key layout of the Huayin system, and the British Phoenix Capital is intensively contacting with European related enterprises, and the most likely acquisition target is the German Pfeat Top, and the valuation is relatively reasonable, but in terms of actual technical level, there are still some gaps in the polysilicon ingot furnace technology of GT-SOLAR and ALD.

Of course, the technical level of Pfe Tuopu has been enough to transfer to domestic production, based on Pfe Top's existing technology patents, the formation of a domestic team to further promote research and development, the speed will be much faster than other domestic companies.

In China, Huateng Group is preparing with both hands, either waiting for Huayin to merge and acquire Pufa Tuopu Company, and then simultaneously excavating the team of 48 domestic institutes and Jingyi Electronics, or directly merging domestic counterparts.

Globally, the United States is the country with the strictest scrutiny of high-tech companies, and the United States is the most exclusive to China, followed by Canada and Australia.

These three countries, together with Japan, are basically neurotic countries that are anti-China to a certain extent.

The degree of shamelessness of the United States is against the sky, almost demanding that China open up completely without reservation, and the United States is better off opening up at nothing and forever prohibiting Chinese capital from acquiring any high-tech enterprises.

Relatively speaking, it is much easier to invest in mergers and acquisitions in Europe, and the strictness of the review is also low, and the British Phoenix Capital Company of the Bank of China is registered in the British Virgin Islands, and the actual controlling person has a British overseas citizen passport, which basically avoids the vast majority of capital mergers and acquisitions in the European Union.

The problem is that Europe's high-tech companies, with the exception of Germany, are still declining, and the new IT and biopharmaceutical fields are completely wiped out.

The general direction of Huayin is clear, and the second annual meeting in 2004 put forward the three-speed policy of "speeding", "fast" and "average speed".

The first is to expand the three major profiteering industries of finance, real estate, and coal at an "overspeed" pace in China; second, it is necessary to "rapidly" deploy high-tech industries at home and merge high-tech enterprises overseas, so as to rapidly narrow the technological gap with developed countries by means of capital distribution; and third, it is necessary to invest in the three major industries of chemicals, automobiles, and household electrical appliances at an "average speed" in China.

Everything else is easy to say, but now there is a question, how to merge high-tech enterprises overseas?

Xu Teng gathered the fragmentary contacts accumulated by the Xu family in the United States over the years to establish SVB Silicon Silver Company, which can indeed solve the problem of "legal compliance" investment and merger, but cannot solve the problem of technology transfer.

Let's put it this way, the US imperialists would rather let California's high-tech enterprises go bankrupt en masse than sell cutting-edge technology to China, let alone cutting-edge, first-class technology, and second-rate technology.

This is not an ordinary state-to-country competition, but a battle for planetary hegemony between US imperialism and Chinese imperialism

However, the decline and fall of every great empire is mainly due to internal origins, and if you want to get the technology out of US imperialism, you can only count on the elite within US imperialism to sell the country.

Xu Teng quickly made a difficult decision, actively wooing this Miss Holmes, such a beautiful and background PR queen, it would be a pity not to take advantage of it, he thought about it carefully, or asked the blonde beauty again, "Are you sure your Theranos company is a good choice?"

"Yes, I never doubted that. Miss Holmes lied very calmly, even though she knew that Xu Teng knew a lot about the company's technical roadmap and related fields.

Xu Teng's scientific literacy is not comparable to Mr. Xu, he himself has a lot of reading, in order to create science fiction novels over the years, he has made a lot of efforts in the field of natural science and applied science, and has a wide range of knowledge, such as the creation of "Source Code", he must use a lot of biological and medical knowledge.

In the past two years, we have focused on biotechnology, new energy, artificial intelligence, quantum communication, IT, and network...... Xu Teng spends hours almost every day reading the latest technical reports, which are compiled by his scientific advisory group and the Applied Science Research Center of Yangtze University, for his personal reading.

"If you think that the U.S. network technology industry is ahead of China in an all-round way, then you must be wrong, in the field of social networking and video, Tencent has always been at the forefront, we recently have a new business plan, almost about to launch, if you want, Tencent is willing to invest in the way, and you cooperate, the condition is that you need to find the most suitable technical partner!" Xu Teng decided to give Youtobe's plan to the other party, anyway, it is difficult for Tencent to directly enter the American Internet industry.

Who to send is not to send?

Just send a beautiful woman who can help deal with the American political circle, not to mention that this blonde beauty has a really low moral quality, as long as she can make money and sell the country, she will never have any ideological burden, and she can also be a serious and elegant traitor.

Although the beauty is a mess and the country is ruined, this is indeed a scheming cultivated by the American upper class, to some extent, this girl is a typical Aryan Caucasians, and the Nordic Germanic characteristics are obvious.

"Really?" Miss Holmes instantly became serious, betraying her soul, she had already known that her investment in Theranos was unreliable, and she had been pretending.

"Of course it's true, I like you, I appreciate your abilities, and at your age, you're a lot more mature than the average person. While you lack the kind of integrity I emphasize, I'm sure you'll learn it soon. ”

Xu Teng said bluntly, beckoning the blonde beauty to come over, close the information about the illegal trust funds on his laptop, and reopen some technical information within the Tencent Group.

Tencent Group has a good style, that is, to encourage employees to form a new team to start a business inside, which is also Tencent's style, constantly incubating new entrepreneurial teams, the group invests capital, holds most of the shares, and the entrepreneurial team also holds a part of the independent shares.

A few months ago, Luo Yujuan and Zhu Peipei chose to cultivate a Youku.com, the name is Xu Teng helped them "think", and Tencent Video's media playback platform, Youku is a typical sharing and creative platform, and has a video anchor plan.

"Wow. Miss Holmes watched Xu Teng edit a video by hand, modify the subtitles, adjust the lighting and rendering effects, and post it on a closed network that has not yet been publicly operated, which felt very fresh.

"Traditional video websites are mainly based on media information, but this website has the opposite characteristics, providing users with a platform for production and publishing, allowing users to create their own products, share each other's lives, and participate in the sharing of profits. Xu Teng knew that this girl understood Chinese and could understand the Chinese instructions of these operating platforms, so he got up and gave way to the position and let her operate it herself for a while.

"I'm sorry. Miss Holmes couldn't help but occupy Xu Teng's chair, and personally modified the video subtitles and art style of an advertising short, and then asked Xu Teng, "So that we can upload and share our own work online?"

"Yes. Xu Teng sat on the edge of the table, drank a glass of whiskey, thought about it, and decided to negotiate this matter thoroughly, "Tencent Group and SVB will give you an angel investment of three million US dollars to help you find a suitable technical partner and team, the initial stake of the entire team is 1/2, after the second financing, your stake will be withdrawn to 1/3, as for how much financing you can get, it depends on the work performance of the entire team." In a few years, we will sell the company to a more suitable giant, and you will exit and become a shareholder partner of SVB, and if we are satisfied, you may not have the opportunity to be CEO and Peter as chairman. ”

"Are you sure that there is nothing wrong with this?" Miss Holmes was a little speechless in surprise, looked back at Xu Teng, there was surprise in her eyes, and there was also a special enthusiasm, and she quickly asked Xu Teng a little apologetically, "Will Mr. Peter Tell agree?"

This blonde chick is really good at pretending, the scale is particularly accurate, she is young, she is tender and can pinch out the water, but she is a first-class workplace scheming, and she really deserves to be the top foreign girl cultivated by the upper-class white society of American imperialism.

"There is no problem, we have long agreed that we hope to select the most suitable young person to be the CEO of SVB in a few years. Xu Teng's initial new CEO is actually Chris Hughes, the founder of Facebook.

The United States is already sick.

The talented and rich men of this country are all engaged in the foundation.

It's definitely a systemic issue.

SVB's current CEO Peter Thiel is engaged in the base, and the next CEO Chris Hughes who Xu Teng is optimistic about is also engaged in the base, and the CEO of Apple is secretly engaged in the base, and the next CEO is openly engaged in the base.

Of Google's five founders, two are based on the foundation, and the founder of Flix is a master of the foundation.

The country is completely insane.

Xu Teng has been pretending to be calm recently, SVB's existing 9 directors, 4 are engaged in the base, and it has become the mainstream culture of Silicon Valley, the men are engaged in the base, and the women are pretending to be forced, what is wrong with this country?

A scheming bitch is a scheming bitch, and serious pretending and fooling are also one of the most important business qualities of SVB presidents. (To be continued.) )