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Chapter 510: Cannibalization

Chapter 510 Cannibalization

A lot of media in China began to report on the affairs of Xingguang University, especially the fact that Xingguang University did not take a foreign language test for admissions, which caused a huge sensation.

This is the first time a university has publicly stated that it does not take foreign languages ​​as a test for admissions. Even if it is a private university, it is big news.

Following the media reports, another group of so-called public intellectuals and intellectuals jumped out to criticize Starlight University for not taking a foreign language test in its admissions.

This time, the tone is very tactful and the words are ambiguous, making it difficult for you to grasp anything.

After all, last year Gao Jin sent many people to jail for defamation, and everyone was very careful with his speech.

The core purpose is the same. A university that does not test foreign languages ​​is a university with no future, but a university that tests foreign languages ​​is a school with a future.

The management of Starlight University did not reply at all, as if they had not seen it.

Only Gao Jin updated his Weibo.

The purpose of Starlight University is to apply what you learn and let jobs come to you instead of you looking for jobs.

What we provide you is a learning environment where you can learn the world's cutting-edge technologies and be in line with reality. During your freshman year, you will be required to conduct experiments in person to collect data every week.

Seventy percent of the time is spent on learning knowledge, and 30% is spent on hands-on practice.

By the sophomore year, 50% of the time is spent learning knowledge and 50% is spent on hands-on practice.

In the junior year, 40% of the time is spent on learning knowledge and 60% is spent on hands-on practice.

In your junior year, you can submit a research and development project. As long as it passes the school's review, you will receive special financial support.

In your junior year, you can submit an entrepreneurial project. As long as you pass the school, you will receive special financial support.

Starlight University only cultivates the elites of human society!

Paving a golden road to the pinnacle of scientific research for all elite talents.

Note that the school has a mechanism to discourage students from leaving.

The last ten students ranked in each subject in each semester will repeat the grade. If they repeat the grade twice in a row, they will be expelled.

Those students who plan to have a good time in college, please do not apply to Starlight University.

Don't waste everyone's time.

(In addition, people with the following diseases are prohibited from applying to Starlight University. Nine types of AIDS diseases are listed)

As soon as Gao Jin's Weibo post was published, it was immediately forwarded by many people, and many people became interested.

Nowadays, it is difficult for college students to find employment. The most fundamental reason is that they are out of touch with society. You cannot apply what you have learned, and the knowledge you have learned has nothing to do with the work you are doing.

Another thing, when I was looking for a job, I encountered advanced experimental equipment that I simply didn’t know how to operate.

It takes several years to break in before it can be used in the environment.

Now Starlight University has broken this boundary, emphasizing hands-on ability from the beginning of freshman year, and the knowledge learned is international cutting-edge knowledge and technology.

As long as you don't study hard, you don't need to worry about a job after graduating from college.

Parents and students focus on teaching subjects, scholarships and grade repetition systems, while the media focuses on Gao Jin Weibo’s final prohibited application range.

The AIDS Association in particular started to make a fuss, believing that Gao Jin was discriminating against them, and issued statements asking Gao Jin to apologize.

Gao Jin doesn't pay attention to them at all. No matter how much trouble you make, I won't lose a hair on my head.

The media was making a fuss, but Gao Jin and the Xingling Group didn't respond at all. Qiao Mingxian and Zhang Hongbin couldn't stand it anymore.

Zhang Hongbin, in particular, felt very resentful.

It was Gao Jin who caused trouble with his words. Instead of troubling Gao Jin, you came to scold me. I have become Gao Jin's exclusive scapegoat.

Over the past few days, Zhang Hongbin has become a little nervous. When he hears the phone or even the sound of the phone, his body can't help but tremble.

After bumping into Qiao Mingxian, both of them felt helpless.

"How much money did I owe Gao Jin in my previous life, and I have to take the blame for him in this life?" Qiao Mingxian said this with resentment on his face.

Zhang Hongbin wanted to talk even more, but the phone on Qiao Mingxian's desk rang. The two of them shivered at the same time, knowing in their hearts that the reprimand call was coming again.

Qiao Mingxian reluctantly answered the phone, admitted his mistake and promised to make corrections. He talked for a long time before hanging up the phone.

He leaned back and looked at the ceiling with a lifeless expression.

Outside, the decoration of Xingguang University and the procurement of various equipment are proceeding in an orderly manner. Many high-precision equipment are purchased openly.

Gao Jin doesn't care about your industrial alliance's ban at all. If you dare not give me the goods, I will directly cut off your ultra-high thermal conductivity materials.

The companies in the industry alliance were very happy to accept the orders, which were all profits. The orders given by Xingling Group were famously profitable.

As long as your product is of high quality, price is not an issue.

The purchase of experimental equipment this time cost more than 600 million euros, and Chen Shude and the others had a budget of 400 million euros. However, many of the products included were no longer the latest generation and had been modified by Gao Jin.

The price has also soared to 600 million euros.

Companies in Europe, RB, the United States, and Country E. Companies in more than a dozen countries have received orders through the Xingling Group's internal procurement system and immediately started preparing goods for shipment.

There are also a few domestic companies that have received orders, but very few. This is something that can't be helped. Many high-end manufacturing domestic companies cannot produce.

As the Xingling Group's procurement began, the media's voice in criticizing Gao Jin began to weaken. This was because relevant departments intervened.

Among the several pilot universities given this time, only Starlight University broke the convention of not taking foreign language tests and met the requirements of relevant departments.

Piloting is about taking a different path. You don’t need to follow the rules, but you need to innovate.

Only in this way can we make more scientific judgments and carry out reasonable reforms.

I support Gao Jin's approach, but of course, this support cannot be stated explicitly.

Gao Jin is the richest man in the world. It doesn't matter if he talks to the media or says the wrong thing. This is a civil dispute, and the relevant departments are different. Every word he says must be done with caution.

As time passed, something happened in the United States. It was not an American company, but a Chinese company listed in the United States.

Duan Daolin, general manager of Starlight Video, took action.

After the annual meeting, I went to Gao Jin's home and was severely scolded by Gao Jin. After listening to Gao Jin talk about several methods, Duan Daolin became enlightened.

Ever since I came back, until now, I have been thinking about one thing: how to defeat competitors and how to make Starlight Video website the largest video website in China.

After figuring it out, he called his deputy over and started discussing a plan to crack down on his competitors. After the plan was generated, Duan Daolin immediately made a report to Gao Jin and applied for a fee of more than 80 million US dollars.

Gao Jin approved it after reading the report. One day later, when the funds were in place, Duan Daolin went abroad and started taking action in the United States, where Yiyi Video was listed.

Ten days later, a report from a certain American fund on short selling Yiyi Video was released and was directly published in the Wall Street Journal.

It immediately caused fluctuations. On the same day, Yiyi Video's stock price fell from US$48 to US$37.

Before Yiyi Video could react, an accounting firm issued a statement that Yiyi Video's annual report had been fraudulent. As soon as this news came out, Yiyi Video's stock price plummeted once again.

Niu Xuejin, the chairman of Yiyi Video, immediately took people to the United States to start public relations activities. He must be stable no matter what, and now he hopes to cut leeks.

Duan Daolin knew that Niu Xuejin, chairman of Yiyi Video, had arrived in the United States, and immediately called the country to start the second plan.

At this time, Yiyi Video's stock price had dropped to 19 US dollars.

Three days later, when Niu Xuejin was busy, an accounting firm named Chunli reported the tax evasion of Yiyi Video in real name.

This incident was reported by the American media the next day, and the stock price, which had been stable at seventeen US dollars, began to collapse again.

Moreover, the U.S. Securities Regulatory Commission announced that it has begun investigating Yiyi Video’s financial fraud.

People in the financial circle who had originally reached an agreement with Niu Xuejin immediately began to regret it. They didn't want to be targeted by the China Securities Regulatory Commission. Everyone was dirty. Once they were targeted and something was found out, they would definitely face huge fines.

Internal and external difficulties were the current situation of Yiyi Video. Duan Daolin was not idle and placed orders with some organizations through the Internet. News about Yiyi Video's insolvency began to spread in the market.

A week later, the price of Yiyi Video had fallen below one dollar, and the China Securities Regulatory Commission was forced to suspend trading, and the official investigation process began.

At the same time, the domestic tax department also began to investigate the reported matters, and two items were verified. For these two items alone, a fine of 1.47 billion was issued in accordance with the law.

What's even more terrible is that a report letter about Niu Xuejin's transfer of assets was received by the U.S. Securities Regulatory Commission. The Securities Regulatory Commission immediately contacted the court and applied for a freezing order to freeze these assets to protect the interests of U.S. investors.

After barely holding on for a few days, Niu Xuejin submitted a bankruptcy application in the United States, unable to bear it any longer.

There is no way to pay the billions in domestic fines, and there is only less than 100 million in cash on the books. Originally, these funds could support at least two months.

Now, this fund has been forcibly transferred by the bank, and it is unable to even pay employees' salaries.

With the bankruptcy of Niu Xuejin, Yiyi Video was completely finished. The relevant departments of China and the United States negotiated and began to use legal procedures to auction off assets and repay debts.

As various assets are auctioned off, funds are prioritized to pay employee salaries and severance costs.

The various video copyrights of Yiyi Video were acquired by Starlight Video for 380 million. Duan Daolin has returned to the Celestial Dynasty and began to frequently attend auctions to eat into Yiyi Video's valuable assets.

Not only Starlight Video, Penguin Video has also joined in.

A few days later, news emerged that an Yiyi video defrauded more than 30,000 investors in the United States, which immediately caused a chain reaction.

The share prices of several Chinese companies listed in the United States have begun to fall.

Afraid, these investors in the United States are beginning to be afraid, fearing that they will be tricked. After all, the two countries are too far apart, and it is difficult to obtain information in a timely manner.

(End of chapter)


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