After the meeting, Wang Jingbo approached Zhang Yida alone and expressed that she wanted to talk to him.
Zhang Yida agreed readily without thinking too much.
In the office of the chairman of Yimindai, Zhang Yida communicated with Wang Jingbo while drinking tea.
"Mr. Zhang, what do you think of the next development of Internet finance?"
Upon hearing this, Zhang Yida smelled a different meaning.
"Regulations will become stricter, and a large number of non-compliant institutions will be eliminated."
Zhang Yida's answer was watertight, but Wang Jingbo didn't want to hear these words.
She sighed, "Yes, I think something is very wrong with the market now.
There are negative aspects of Internet finance everywhere, but there are very few reports on Internet financial innovation.”
As Wang Jingbo spoke, he observed Zhang Yida's expression, trying to get some useful information.
But Zhang Yida would not let her have her wish. His expression was calm and he couldn't see anything wrong.
Wang Jingbo secretly hated it, but she couldn't ask Zhang Yida whether Yimin Dai and Yimin Wangjin could persist and even bring their market value to new heights.
Asked this kind of question, Zhang Yida, as the major shareholder and chairman, can guess what the answer will be.
"After the New Year, Mr. Zhang doesn't seem to be able to cash out much?"
What Wang Jingbo really wanted to ask was this. She wanted to know why Zhang Yida didn't cash out this year. Did he think the market value was low and there was a chance of rebound, or was there some other reason?
This problem makes Zhang Yida very embarrassed. He can't say that he has almost cashed out. If he continues to cheat, he may have to litigate every day.
Zhang Yida said with a smile: "Last year, I saw that the stock price was relatively high and the market was relatively good, so I cashed out part of it appropriately.
This year, you have also seen the current market situation. If you make a profit, the stock price will definitely collapse."
Zhang Yida's explanation is similar to Wang Jingbo's guess.
She is now filled with regrets, regretting that she was too greedy last year and did not cash out in time and leave.
Even if you only cash out a small part of your stocks, you won't be so passive this year.
Gopher Asset invested in Yimin Wangjin and Yimin Dai with a five-year closed period private equity investment fund.
Although the current losses are large, as long as the stock price can rise in the future, the customers will be able to account for it.
I'm afraid that not only will it fail to rise, but it will fall further and further, that would be tragic.
If nearly 300 million U.S. dollars of funds suffer a significant loss, it will undoubtedly damage its own brand. Who will dare to ask Gopher Asset for asset management in the future.
"How is the overseas plan of Yimindai going?"
Seeing that he could not extract any useful information from Zhang Yida, Wang Jingbo started asking about business again.
"We are applying for a financial license with Indonesia's OJK, and India is applying for an LC loan company license with the country's central bank. Vietnam, the Philippines, Malaysia and Thailand are also applying for relevant financial licenses.
Next, Africa, Eastern Europe and Latin America will gradually enter."
Yimindai's overseas expansion is much slower than that of Yimin Wangjin. This is determined by its establishment time and size.
However, Yimin Wangjin is exploring the road ahead, and there are many successful experiences that Yimin Dai can absorb and learn from.
Wang Jingbo nodded, going to sea is no longer an unfamiliar word.
In recent years, the most successful Internet company going global is Musical.ly, a subsidiary of Zhonghe Group.
After listening to Zhang Yida talking about the various plans of Yimin Dai's overseas expansion, Wang Jingbo's original intention of cutting off the profits and clearing the warehouse gradually changed.
She felt that it was necessary to wait.
Now that we are clearing our positions, it is a foregone conclusion that we will lose more than 100 million U.S. dollars. If we wait, maybe there will be a turn for the better.
Zhang Yida had almost guessed Wang Jingbo's little thoughts.
But he has no reason or reason to drive people away. After all, who can tell clearly what will happen in the future?
What if Yimindai’s global lending plan succeeds?
Of course, it is a foregone conclusion that competition in the domestic market will become increasingly fierce and regulations will become stricter.
In the long run, stock prices may continue to fall.
…
275 Madison Avenue, 34th Floor, New York, NY.
Inside Rosen Law Firm.
A bald middle-aged white man was sitting in a large and comfortable boss chair, sipping fragrant freshly ground coffee.
Suddenly he received a call from his former superior, Judge Stanley Brotman of the District Court of New Jersey. Lawrence Rosen had served as his clerk, and the two had some friendship.
After answering the phone, Rosen started chatting with his old superior: "Hi, Brotman~"
"Rosen, did your law firm recently take on a class action lawsuit against a Chinese listed company called Yimin Dai?"
When mentioning this matter, Rosen laughed very proudly, "How did you know? This is a good deal. Chinese concept stock companies are most afraid of lawsuits, and most of them will choose to make money by being friendly.
Even if you settle the case, you can easily get millions of dollars, which is much easier than taking on any other case."
Brotman felt that his old friend was gone forever on the road of "litigation".
If he wasn't conveying a message to a big shot, he wouldn't bother to pay attention to Rosen.
"Do you know that you are about to die?"
Rosen was stunned and asked: "Isn't it just a Chinese concept stock company? I have fought several such lawsuits."
"Have you investigated the company Yimindai? Their chairman is Zhang Yida, the richest man in China."
Rosen laughed and said: "What happened to China's richest man? This is the United States. Since it is listed in the United States, it must abide by American laws."
Brotman added: "Then do you know who is behind Yimindai? They are Bank of America Merrill Lynch, Goldman Sachs and Morgan Stanley."
"I definitely know. When I took this case, I conducted relevant investigations."
Brotman felt that this former colleague was hopeless and a typical employee who wanted money rather than his life.
Although I have my own small law firm in New York, I am the managing partner, and I have some status in New York, but with this, I dare to ignore the four major investment banks, so I don't want to be involved in the future.
"Rosen, drop this case. You can't afford to offend those people."
Rosen smiled and said: "Brotman, let me tell you this, ever since Rosen Law Firm chose to specialize in securities class action litigation, sooner or later it will have conflicts with Wall Street guys.
You are neither the first nor the last person to come to persuade me.
Last year, Rosen Law Firm was ranked No. 1 in the number of securities class action resolutions by ISS Securities Class Action Services.
Since 2013, we have been in the top three in this ranking every year.
Old friend, thank you for your kind reminder, I am not as weak as you think.
Okay, that’s it! I’ll ask you to play golf with me another day.”
Listening to the busy signal on the phone, Brotman looked a little confused. He thought he could get something done, but it turned out to be a mess.
After hanging up the phone, Rosen smiled scornfully, saying that all lobbyist behavior without paying was just hooliganism.
As long as the money is available, he will take on any case against the four major investment banks.