YM778.TV Chapter 1338 - What are they trying to do?
“Mr. John, CCTV’s replied that our advertisements are false advertising and had violated the advertising laws.”
“Damn! I demand CCTV compensate us! We will blow up this matter. This way, our products will gain more exposure and also get compensation of double the advertising fees!” John shouted.
“This has already blown up because CCTV is demanding compensation from us. According to the contract, if CCTV’s reputation is affected because our advertisements had violated the advertising laws, they can demand compensations from us.”
John is speechless. How can CCTV do such things?! They are a foreign company, and this might affect diplomatic relations.
Isn’t China trying to attract foreign investors to develop its economy? Who will dare to invest in China if they do this? Is this what CCTV wanted, or is it the higher-ups who gave this order?
“Oh, many other companies are in the same situation as us. They include daily necessity chemical products, food, medicine, health supplements, etc.”
John frowned as these products are from different industries.
“Are those products’ advertisements taken down because they had also violated the advertising laws?”
“Yes. CCTV had issued a statement on their website, and Sina, Sohu, and many other internet companies had also taken down our advertisements and are demanding compensation from us.”
John clenched his fist, snapping the pen he was holding into two.
“Inform our legal team to prepare. We will challenge CCTV and those internet companies in court. Also, get in touch with those companies who are affected. We must team up with them.”
After John’s subordinate left, he immediately called his headquarters to report this matter. This matter is too big for him to handle, and he needed his company’s headquarter support.
After reporting, John went to the City Government to seek the local authority’s support. If the company is affected, the local government will also suffer from lower taxes and unemployment.
John doesn’t believe the local authorities will not support him. If he is pissed, he will shift the company to other cities. Many local governments had wanted him to set up the company in their cities. He had picked Shanghai because the local government had offered good subsidies in the past. But many cities are making better offers now.
The other companies that were affected are also doing the same thing. None of them had expected this to happen.
.......
“Manager Feng, can we win this lawsuit?” Wang Zhixi asked worryingly.
Wang Zhixi is not familiar with the law, but he felt it was unreasonable to do this.
“Don’t worry. We will not lose. We will turn it into a long-term lawsuit and drag it to three to five years. It will be enough to kill them. Maybe, it will not take that long. These companies cannot withstand such losses.”
“Losses? Why would there be losses? They can play victims to gain sympathy from the netizens and get the local government to pressure us. Are we going to fight against the government?” Ma Huateng asked with a frown.
“Who says we are going to fight against the government? We can also speak to the local governments. Do you think the local government will listen to them or me? I can also give the local governments what they promised, but they might not give the local governments what I offered.”
“Also, these companies had played dirty tricks in their joint ventured contracts to gain control or shelved our domestic brands. Do you think the local governments are not angry over this? Do you think they did not regret to hand over the national brands to foreigners?”
“We had no choice during that time because we need to get foreign investments. But did those foreigners fulfill what they promised? Those leaders, whom they tricked in the past, all want to kick these capitalists out.”
During the time, these foreign companies had promised the Chinese Government Officials for the joint venture. But they had not stuck to their words and used the loopholes in the contracts, threaten the local government, and other ways to force the government to give in.
Since you all had done these, we will also do that to you!
“Furthermore, who says we are unreasonable? We are doing this according to the law. What’s wrong with demanding compensation according to the contract when they had violated the regulations? I will handle this lawsuit with my legal team. I will let them know the Chinese are also capable of using the law against them!”
“Manager Feng, if you forced them to withdraw their investments, what will happen to those companies and their workers?”
“I will take over the companies, and I can guarantee that they will not close down. They will even do better than now.”
They looked at each other and shook their heads. Feng Yu is not doing these to acquire those companies. With his wealth, he can just buy them at high prices without all these troubles. All of his companies had done this when they are expanding.
They don’t know what’s there to gain for Feng Yu from doing all these. Going through all these troubles to acquire these companies? It’s not worth it.
The representatives from those foreign companies had gone to look for the local government leaders. Still, none of them managed to see them. The leaders claimed they are too busy to meet them.
The representatives can tell the local government knew about this before it happened, which made things more complicated. Why are the local governments willing to give up their companies’ taxes and jobs and force them to shut down?
If their companies shut down, the local government will also suffer losses. They must take care of the mess the company created.
Hmph! You all tried all means to please us to get our investments, but now, all of you are avoiding us!
These foreign companies’ representatives had forgotten they had not fulfilled any of the promises they made in the contracts and slowly take over those companies’ assets. This had crossed the line.
Those leaders are afraid the employees and people know they had sold the factory away. Many employees still thought they are working in a joint venture company, and it’s the City Government who calls the shots. But the factory is already fully owned by a foreign company!
Do the local government leaders think they can avoid the representatives? The representatives have ways to force them to meet them!