Although the financing agreement has been signed, the two million US dollars cannot be received 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 capital. It is very troublesome to get this amount of funds.

The next morning, Liu Chang found Chen Qiaoshan and signed the financing agreement. Not only did the money not arrive, the funding gap was getting bigger and bigger.

"I have found several law firms. Now the charges for VIE architecture are not low, and the asking price starts at more than 100,000 yuan. The fee for registering an agency overseas has to be calculated separately. We can no longer afford so much money in our account." Liu Chang was very worried about the shortfall of funds.

I don’t know what agreement I had reached with Chen Qiaoshan in private, but as soon as Dai Zhikang returned to the company, he announced that he would expand his R&D team and issued recruitment notices everywhere in related majors of Peking University, Tsinghua University, Beihang University, and Beihang University.

This is not the end. Kangsheng promised salary and benefits is not low, which has exceeded the industry standards of Zhongguancun. If this continues, the monthly salary expenditure will increase significantly.

Chen Qiaoshan also had a headache. He was worried about money, but the matter couldn't be delayed.

The so-called VIE structure, also known as agreement control, is achieved by overseas capital by signing a series of binding clause contracts with domestic companies to achieve the latter's agreement control, thereby achieving investment purposes.

This is the most common capital structure for Internet companies at present. Several major domestic Internet giants, including BAT, all have this capital structure.

Overseas capital investment in some industries is subject to policy restrictions. On the one hand, the VIE structure avoids relevant domestic laws, and on the other hand, it also facilitates foreign capital withdrawal. In this way, it is very popular in the capital market and has become popular since its birth, which is also a kind of financial innovation.

Of course, everything has its advantages and disadvantages.

According to the Contract Law, VIE is an invalid contract that covers up illegal in a legal form, but the government has neither supported nor opposed this investment method for various reasons, and is currently a gray area.

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

This is why many Internet companies have registered in Cayman because it is one of the components of the VIE structure. At the beginning, tax avoidance and concealing financial information were not their main purpose.

The VIE structure is not perfect. At least, if you don’t break up the VIE structure, domestic companies cannot be listed on the A-share market. Of course, many companies choose to list overseas, which has a certain relationship with the listing conditions of A-share market.

Under the VIE structure, there is no strict affiliation between Chinese and foreign companies, which loses legal constraints. Although it is immoral, it is legal to break the contract by taking money.

The 11-year crisis of Chinese stocks listed in the US was because an Internet tycoon unilaterally broke up the VIE agreement and kicked out foreign capital, which led to overseas investors' doubts about the VIE structure.

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

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

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

Of course, that happened several years later, and it is still the time when VIE is popular.

At present, not only overseas financing requires the establishment of a VIE structure, but many localized VCs and angel investors also invest through SPVs established by offshore companies. This has become an inevitable trend in the development of Internet companies.

In 2004, there were too few lawyers proficient in this business and the fees were expensive. In a few years, the entire set would be settled at 30,000 yuan. The inflation factor would be eliminated, and compared with the current price, it would be a bargain.

Chen Qiaoshan knew that this money could not be saved, and he could not afford it 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 last for two months."

"Two months." Chen Qiaoshan frowned unconsciously, and he was a little worried.

This is a vicious cycle. If the VIE architecture is not built, Jifu Asia's funds will not be able to reach the account. Even if the other party is willing to lend it, the money will not be obtained.

There is no proper procedure, two million US dollars in funding, and the approval from the State Administration of Foreign Exchange is not necessary to think about.

"I remember there is some funds in the forum account. After discussing with Brother Wang, the expenditure has been tightened recently. Except for employee salaries, all other expenses can be delayed."

"What?" Liu Chang was shocked, "Can the rent property be delayed for two days, and the money for server hosting and bandwidth rental are also owed?"

Chen Qiaoshan nodded, "I owe it all, the people from the Management Committee can't cut our cables, right?"

"Besides, we're just lying for a while and going back to make up for it. The most urgent thing is to build the VIE architecture first, otherwise the two million dollars won't be in."

Liu Chang couldn't help but shook his head. He had never seen such a person before. He could be so righteous even if he had to pay the debt.

After thinking about it, she said again: "Even if other expenses are dragged on first, the funds are still insufficient, and the cost of overseas agents is not low. In addition to the lawyer's fees, the amount of miscellaneous things is not a small amount."

"The lawyer's fees are also delayed. In this way, if you find a few more law firms, Kangsheng will be a company worth tens of millions of yuan. Legal counsel will definitely be indispensable in the future. Tell them to use it as a trial this time. If the cooperation goes well, sign a consultant contract."

Chen Qiaoshan is very bachelor. What's wrong with the lawyer? The lawyer is just to make money, so he doesn't believe it anymore. He can starve to death with a golden rice bowl.

Liu Chang was a little hesitant. After all, it was not a small number. Especially when dealing with those lawyers, it was very troublesome. The key was to find a reputable law firm, otherwise there would be more trouble if there was a problem in the middle.

Chen Qiaoshan understood Liu Chang's concerns, and after thinking about it, he explained: "Sister Chang, don't think about it. Cheng or Not Chengdu will try it first. If it really doesn't work, I will sell the stock. Don't have any worries. This is not a problem for us."

Liu Chang was a little relaxed. Although Chen Qiaoshan was owing a lot of debts, he made a lot of money from the stock market, but he had not cashed out.

She suddenly remembered something. Dai Zhikang still had more than one million yuan in equity transfer fee. She suggested: "Xiao Dai still has spare money, why don't I go and try it with him?"

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

"Buying a house is true or false, who did you hear?" Liu Chang was a little surprised.

When she heard this news, she felt a little uncomfortable. She had never had any results with Wang Sifeng for so many years.

Liu Chang was a little worried. Although she had not saved up a few eldest sons, she had at least had a Yanjing household registration in the previous unit, but Wang Sifeng was a little sad and didn't get anything.

Nowadays, it is really not easy to get married in Yanjing. You have to have a place to settle down. It’s really a worry.

"Of course it's true. I've chosen the house and went to the other side of the ground. I heard that it's 160 square meters, which is one million yuan." Chen Qiaoshan didn't say anything nonsense. This was what Yan Xiaoqin told him when he was wandering around in Lanqi Camp yesterday.

It’s strange that the two companies had a very unhappy relationship a few days ago over equity. After the financing was in sight, Xu Xiaoyu often took Yan Xiaoqin out for a ride, and the relationship was much more harmonious. "Why, Xu Xiaoyu didn’t mention it to you?"

Liu Chang smiled bitterly and said, "What do you have to say to me? Do I look like a person who can afford 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 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, why are you anxious? Brother Wang and you will help me for another two years. When you get married, if you still can't afford a house, come to me and I will be responsible for giving you one." Chen Qiaoshan said half-jokingly.
Chapter completed!