When Chen Yiyang received a call from Li Tiaotiao's developer, he was busy.
So the two exchanged only a few brief words.
Chen Yiyang made a promise to the other party, "You just need to update the software; I'll handle the rest. If anyone sends a legal notice to the company, just forward it to my legal team."
Li Tiaotiao's developer feared Tengxu, but Chen Yiyang did not.
Tengxu's method of sending legal notices is very effective against individual developers. Because whether it's justified or not, once a legal notice is sent, if you don't respond, they can proceed to sue you.
Then you'd face various difficulties: hiring a lawyer costs money, your boss might pressure you, and there's always the risk of losing the case.
However, this tactic doesn't work so well against someone like Chen Yiyang, who has a dedicated legal team.
If a lawsuit is really intended, it might take three to five years to reach a conclusion.
After the call ended, Chen Yiyang signaled to the person in front of him, Jiang City, to continue with the previous topic.
This time Jiang City came from Ludao City to Lin'an to meet Chen Yiyang primarily for a big matter.
The question was whether Kuxing should re-enter Nasdaq.
Kuxing was previously listed on the U.S. stock market and raised a lot of money from North American investors. Later, the company was exposed for financial fraud, leading to its delisting from Nasdaq, and then most of the shares were bought by Chen Yiyang.
However, technically speaking, Kuxing never exited the U.S. stock market, but only left Nasdaq and entered the North American OTC market.
This is the pink sheet market in North America, where Chen Yiyang previously went specifically to buy Kuxing's shares.
The market's status is somewhat akin to the Beijing Stock Exchange domestically.
No matter how well Kuxing's stock performs on the pink sheet market, it can't match the benefits of returning to Nasdaq.
Although North America is currently weak industrially, it remains the undisputed leader globally in the financial sector.
"The reason Kuxing left Nasdaq initially was due to financial fraud. But now Kuxing has turned losses into gains, and its overall business has returned to normal levels.
The hundreds of millions of USD fines imposed for fraud have all been paid. Returning to Nasdaq isn't a big problem."
Chen Yiyang felt somewhat conflicted about taking Kuxing back to the U.S. stock market.
From a personal standpoint, if Kuxing returns to Nasdaq, the company's future development strategy will inevitably need to consider its impact on stock prices.
But if the company remains unlisted.
It would face two issues.
One is that with Starbucks being acquired by domestic capital, if a price war with Kuxing breaks out in the future, Kuxing will need substantial funds to ensure the security of its capital chain.
If Chen Yiyang doesn't want to infuse his own funds, raising capital from the stock market is the best choice.
The second reason is that besides Chen Yiyang as a major shareholder, Kuxing has many small shareholders.
If Kuxing's revenue and profits grow, the company's valuation will also rapidly increase.
These shareholders will have the urge to cash out.
After all, the annual dividends are meager compared to cashing out a few billion from their shares once Kuxing returns to Nasdaq.
Not everyone can resist this temptation.
And currently, Kuxing's executives also have some equity incentives.
If Kuxing returns to Nasdaq, these executives could become instantly rich.
Besides the company insiders, Ludao City also hopes Kuxing can return to Nasdaq.
Earlier this year, a document was issued, clearly requiring local governments to support outstanding consumer companies in going public, especially overseas.
It's part of the performance assessment.
So the Ludao City Government also hopes that Kuxing will return to Nasdaq.
In this situation, even if Chen Yiyang wants to stop it, it's difficult.
Therefore, while contemplating, Chen Yiyang changed the topic and asked Jiang City, "Why must we return to Nasdaq? Can't we list on the Hong Kong Stock Exchange?"
"If we go public on the Hong Kong Stock Exchange, we're considered a new company, which means more scrutiny and lengthy processes compared to the simplicity of returning to Nasdaq.
Moreover, returning to Nasdaq has another advantage: it facilitates Kuxing's expansion in the North American market.
Currently, Kuxing has opened some stores in North America, but the expansion rate is slow.
The main reason is that we lack deeply-bound capital support in North America.
However, if we return to Nasdaq, the situation would drastically change."
Hearing this, Chen Yiyang understood.
For Kuxing at present, re-entering Nasdaq is not only the hope of both insiders and outsiders but also involves the expansion into the North American market.
If Chen Yiyang wanted to forcibly stop it, he could. But the cost would likely be significant.
Considering this, Chen Yiyang decided not to be the villain. So, nodding at Jiang City, he said, "I approve of this. You can start preparing now."
"Yes, Mr. Chen." Receiving Chen Yiyang's approval, Jiang City breathed a sigh of relief.
After all, for Chen Yiyang, who isn't interested in making money through cashing out shares, returning to Nasdaq has little benefit.
Jiang City was worried that Chen Yiyang might stop the plan before coming.
