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Chapter 707 Huge Compensation

 What shocked Xinyan Media the most was that Xinyan Media’s most proud initiative during this period, the measure to develop mobile electronic media (operating Weibo), was actually overthrown by Changtian Technology.

Changtian Technology actually invested in Weibo, and its shareholding ratio was quite high.

This made Xinyan Media very embarrassed.

The Xinyan Media Weibo team hopes to communicate with Xinlang Weibo and delete or block bad information about Xinyan Media.

But the reply from Xinlang Weibo is very simple: Our platform is about conveying timely information to the public in a fair, just and open manner, and does not accept human intervention.

If Xinyan Media can provide evidence that the current information on the Internet is indeed fake news, it can be deleted. Otherwise, it will be embarrassing.

Such a reply made Xinyan Media quite angry and helpless.

Fair, just and open to the public!

If this is really the case, why is there no negative news about Changtian Technology?

Complaints are complaints, Xinyan Media really has nothing to do!

Editor-in-Chief Kang has been quite a firecracker during this period.

On the entire Internet, Xinyan Media’s reputation has been completely ruined.

Only then did Mr. Kang realize that things were really serious.

Public opinion is a double-edged sword.

It can make you famous overnight and make countless profits.

It can also make you fall from the altar overnight and become the object of contempt for everyone.

When Hu Ming arrived, he was fired and walked away, leaving a mess on the ground.

Mr. Kang said angrily: "If Changtian Technology wants to hold us accountable, we will hold Hu Ming accountable!"

Anger is anger, things still need to be resolved.

Xinyan Media’s senior executives have received a summons from the court, and Changtian Technology’s legal department has sued Xinyan Media to court.

This time, the top management of Xinyan Media was very passive.

If you really go to the court, it will be a bayonet fight.

Changtian Technology is not afraid of Xinyan Media at all, and based on some evidence that Changtian Technology has in hand, most of the media's top executives are not losing money, but facing criminal liability.

Although in such a crazy 1990s, many people and many companies made sacrifices when accumulating their first pot of gold.

But who has nothing to do to dig out the old almanac and settle the accounts one by one!

These things absolutely cannot withstand inspection, but many people who have struggled from that era cannot withstand inspection.

Liu Dong was the manager of an MLM company and sold pirated CDs, Zou Hong was involved in rogue software, and Rebus’s Sanse company made a copycat version of Jinshan Hanka, followed by pirated WPS, etc.

Everyone has daddy on their butt.

With no other choice, the top management of Xinyan Media had no choice but to send representatives to Changzezhou, hoping to reconcile with Changtian Technology.

The representative's meaning is very simple. He hopes for a settlement, but the compensation amount of 200 million yuan is too much. This amount cannot be less.

Who knew that the senior management of Changtian Technology did not meet with Xinyan Media at all, but only sent a small section chief from the public relations department.

The section chief's attitude is very clear, either follow the compensation plan provided by Changtian Technology, or meet in court.

The final judgment of the court is that Changtian Technology will definitely win, but it will not receive 200 million yuan in compensation. At most, it will be in the tens or hundreds of millions, which is great.

But if Changtian Technology shows relevant evidence, Xinyan Media will no longer be able to survive in the media industry.

The representative immediately forwarded Changtian Technology’s attitude to the senior management of Xinyan Media.

The top management of Xinyan Media immediately held a meeting.

At the meeting, the boss and chairman were so angry that they slammed the table and cursed!

The boss even pointed at Chief Editor Kang’s nose and said, “Look, you’ve made a big mistake for me! Is Changtian Technology something our media can mess with?! Do you know what the honor is behind Chen Xiao!”

The boss cursed loudly: "The winner of Xia Guo's highest technology award, the national May Fourth Youth Award winner, the first person in Xia Guo's chip semiconductor... Countless universities and scientific research institutions have spoken out for Changtian Technology after this incident."

"Do you think society trusts academic research institutions and universities, or does it trust a second-rate media like us?!"

Xinyan Media has always regarded itself as a first-class media, but in fact, everyone knows that Xinyan Media is actually a second-rate media that is just bad at making money.

The boss was so excited that he also expressed his views on Xinyan Media - positioning it as second-rate.

Get excited, get excited, scold others.

The most important thing is to deal with the problem.

In the final meeting, it was decided that Xinyan Media should immediately delete all negative news involving Changtian Technology, and publish a public apology to Changtian Technology in newspapers across the entire network, and it was a sincere apology.

The purpose of this is to first show the attitude of admitting the mistake, and then talk about compensation.

When New Yanjing Media deleted all negative reports about Changtian Technology on Weibo, forums, Tieba and its own website, the public opinion community had already reached a conclusion - New Yanjing Media was spreading rumors.

After being exposed, I had to stop deleting relevant reports.

New Yanjing Media communicated with Changtian Technology again, but to no avail.

Seeing that the time to go to court was getting closer, the senior management of New Yanjing Media finally chose to compromise, hoping to raise 200 million RMB through analysis payment or equity mortgage to obtain Changtian Technology's settlement in court.

Xinyan Media indeed has no money.

Not every company is like Changtian Technology, which has huge cash flow and can spend 250 million yuan to acquire 25% of the equity of Xinlang Weibo with its eyes closed.

Xinyan Media is just a second-rate newspaper. Although its market value seems to be at least 300-400 million RMB, it does not have 200 million RMB in cash.

Changtian Technology wants so much money, but Xinyan Media has so much cash. It can only give up half of its equity to Changtian Technology Holdings.

It was the senior management of Xinyan Media who came up with this trick, which meant it was a mess.

It’s not that I won’t compensate you, but I really don’t have so much cash. I can only promise you with my body. I hope Changtian Technology will never make the relevant information public or submit it to the court.

Chen Xiao has no interest in Xinyan Media at all.

It's really disgusting to let Changtian Technology hold shares in Xinyan Media. His father opened the door to Nausea. It's so disgusting.

In the end, the two parties signed an out-of-court settlement agreement.

Xinyan Media compensated Changtian Technology for economic and reputational losses of RMB 200 million, of which RMB 20 million was paid to Changtian Technology in one lump sum, and the remaining arrears were paid off over ten years, with interest calculated based on bank loan interest rates for the same period.

Such an agreement is simply humiliating for Xinyan Media. It means that in the next ten years, most of the money it earns will be used to repay Changtian Technology's debt.

For Changtian Technology, it is enough to have a certain amount of income every year, which can be used to organize activities for employees and organize a few trips. Why not do it?

A small piece of news actually caused Xinyan Media to be burdened with heavy debts, which really left Xinyan Media's senior management and shareholders speechless!

Where in the world is there an airtight wall?

As soon as the news of the court settlement between Xinyan Media and Changtian Technology came out, the entire public opinion circle was shocked.

Everyone thinks that Xinyan Media is a fool. Even if they go through court procedures, they will not pay so much money. Why don't they go through court procedures?

Only the senior executives of Xinyan Media knew the specific situation. They smashed the teeth and swallowed the blood mixed with it.

They want to hold Hu Ming's team accountable.

A complaint brought Hu Ming to court.

Relevant national security departments also paid considerable attention to this matter after seeing the news about Hu Ming's "prosperity" published by the media.

They also have more and more evidence in their hands that Hu Ming may not be as simple as everyone thinks.

Is Hu Ming really just a media person?

In Shenzhen City.

Knowing that things were getting serious, Hu Ming fled south in a panic.

After traveling from Yanjing to Shanghai and then to Shenzhen, I was preparing to escape by plane, but I felt that the plane was not safe, so I planned to sneak to Xiangjiang City.

Because after Hu Ming came to work in mainland China, he not only engaged in media work, but also did many shameful things through the entire media industry and platform.

Hu Ming was very lucky and successfully boarded the snakehead's fishing boat, preparing to go to Xiangjiang City via the fishing boat.

The development speed of Shenzhen City is very fast, and the possibility of escaping by land is very small. The only way is by water.

However, less than ten nautical miles away from the port where the ship was disembarked, the Shenzhen Coast Guard found the fishing boat and had definite information that a spy was inside.

During the chase, the poor fishing boat hit a reef and sank.

People on the fishing boats jumped into the sea one after another.

Although Xiangjiang Bay is usually calm and calm without many storms, due to its special topography, which is similar to a gourd mouth, there are turbulent undercurrents and reefs everywhere under the calm sea surface.

Even local fishermen and ships that are familiar with the situation die every year because of touching reefs or being involved in undercurrents.

Hu Ming is familiar with water properties.

But this kind of familiarity is limited to the swimming pool.

Faced with the unpredictable undercurrent, he was sucked into it just as he recovered.

His head hit the reef again, and he lost consciousness instantly.

After being fished out a few hours later, his soul had long since passed away.

"Shenzhen TV station is now broadcasting a news. Yesterday morning, a stowaway fishing boat set off from the northern port of Shenzhen City and headed for Xiangjiang City. Because it hit a reef, a total of 7 people on the stowaway fishing boat, 5 of whom died and two of them are missing, are currently being searched.

Under development.”

Chang Zezhou, Chen Xiao and Wang Xiang didn't care too much about Hu Ming's news.

To the two of them, Hu Ming was just a nobody.

He has no way to shake Changtian Technology's leadership position in Xia Kingdom's technology industry, nor can he destroy Changtian Technology's reputation.

This time, the national media is paying attention to Changtian Technology, which is actually a good thing for Changtian Technology.

Now people across the country know that Changtian Technology supplies core components to HTC and Apple.

This undoubtedly established Changtian Technology’s position in the hearts of the people.

The reputation of Changtian Technology is far greater than that of Lianxiang, which was at its peak at the beginning, and it has become the best brand in the hearts of the Chinese people.

How many technology companies in the country can sell electronic components to overseas?

Changzezhou in July has rich vegetation and lush aquatic plants.

Chen Xiao and Wang Xiang changed fishing places this time, not at the seaside, but in a river inside Changzezhou.

This is a tributary of the Suhang River, with many fish and shrimps.

In his leisure time, Chen Xiao likes to catch one or two fish. Last time, the largest one caught more than 20 kilograms of grass carp, which made Chen Xiao very proud. He even carried the fish to the company headquarters to show off.

Gao Feng is a good cook. When cooking grass carp, he uses sauerkraut and spicy pepper to make pickled fish, which is the most delicious on a hot summer day.

At night, flames rose again in the courtyard of Chen Xiao's villa.

Pickled fish, grilled skewers, desserts and beer, this is the best greeting to summer.

Now that Changtian Technology is not short of money, Chen Xiao has also hired chefs from several major cuisines with high salaries, and holds a party whenever he has something to do, which can be regarded as a way for everyone to relax after work.

Pickled fish, grilled seafood, and braised prawns will make everyone hungry.

Because it is a buffet, it is also a good opportunity for everyone to communicate about work while eating.

Zhou Linghua found Chen Xiao who was eating skewers with a bottle of beer in his hand: "Mr. Chen, after this incident, in addition to Apple and HTC, Motorola and Alcatel are also looking to buy our hardware."

Zhou Linghua said: "Mr. Wang arranged for us to sell to them according to HTC's conditions."

Chen Xiao nodded and said: "As long as there is a company willing to buy our hardware, we will sell it, and the conditions must be determined."

Chen Xiao's goal is to let Changtian Technology's hardware occupy the largest market in the world in the shortest time and become one of the largest hardware suppliers of smartphones.

Let the world's smartphones and Changtian Technology form a situation where you are among us, and Western consumers can adapt to using Changtian Technology's hardware as soon as possible.

Zhou Linghua said: "If we sign cooperation agreements with companies such as Motorola and Alcatel, our current production capacity will definitely not be enough and we will need to expand the factory."

At present, Changtian Technology’s hardware production capacity is divided into two parts.

Part of it is produced by Changtian Technology's own factory. After all, it involves some core technologies. It is produced by its own factory directly, so the head office can rest assured.

Another part is handed over to Tiangong Technology, a subsidiary of Changtian Technology Holdings, for production.

Tiangong Technology has now become the largest foundry in Xiaguo after Foxconn.

At present, the order volume has increased sharply, and it is definitely unrealistic to produce in factories directly affiliated to Changtian Technology.

Chen Xiao said: "Leave it to Tiangong Technology. As a subsidiary controlled by us, I feel more at ease. In terms of technical confidentiality, you and Wang Xiang can figure it out."

Zhou Linghua said with some embarrassment: "Mr. Chen, we have already thought about this issue. The most important thing now is that our orders for carbon crystal memory and carbon crystal hard drives have exceeded 30 million pieces. Even if we lose the order to the sky,

The production lines of Gong Technology and Tiangong Technology cannot meet so many orders."

"Thirty million pieces?!"

Chen Xiao was also shocked when he heard this.

He just told the following that he would cooperate with other mobile phone manufacturers in the same way as with HTC.

Unexpectedly, in just a few months, the total number of orders has exceeded 30 million.

From this point of view, Changtian Technology may become the number one supplier of mobile phone memory and storage this year.

Now, what to do?

What else can we do, of course, add a factory!


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