The Birth of Shanghai's First Conglomerate

Chapter 167 Tengying Completes Valuation

March was quite busy.

Not only are they busy expanding Bobo Milk Tea, but they also have to take care of the opening of Teng Hui Department Store.

The annual meeting of Shuiyunjian, which was originally scheduled to be held much earlier, was postponed to March 20th.

His wife, Song Yanxi, used her extra two hundred million yuan to buy three storefronts for the Shuiyun Hotel.

That's about all the money I've spent.

His main source of funds this year is for investing in Teng Hui Department Store.

His wife used the money to buy the storefront of Shuiyunjian Club.

Let's do the math.

His family's investment in commercial real estate has reached approximately two billion yuan.

He's still quite a ways off from the threshold he set for joining a multi-billion dollar family.

Only after his family's assets have surpassed the threshold for entering a wealthy family will he consider making some slightly riskier, larger investments.

As for this year...

Boiling Sheep and Bobo Milk Tea are still expanding into the national market with great success.

After Shuiyunjian opens 25 stores and the Beijing market is saturated, the first batch of interns from Shuiyunjian Academy will go on to expand into the Shanghai market.

As for Tengsheng, it has already split into two brands based on the original structure.

These are the community-based Tengsheng Fruit Store and the full-category Tengsheng Fresh Produce Store.

Currently, it is steadily expanding in markets outside of Beijing.

In addition to these, Tencent Entertainment, which has acquired Yang Mi, has officially completed its valuation of 5 billion yuan.

The investment was led by Tong Zhelan's Honglan Capital.

The first sale involved only a very small percentage, 10%, generating 500 million in funding.

The two have already engaged in business collaborations in multiple fields, and so far, things seem to be going quite well.

Having reached this point, Tencent Pictures has also begun its IPO process.

There's no rush. We'll wait until Charlotte's Brain, which we invested in last year, is released, and if it can successfully gross over a billion yuan at the box office.

There will be no problems with Tengying's financial statements after its listing, with stable annual profits exceeding 500 million.

The main reason for listing Tencent Film is to seek further industry influence.

It's worth noting that this year, Huayi Brothers, a leader in the entertainment industry, had a total market value of over 60 billion yuan.

If he wanted to make this money solely through profit, even with some kind of magic touch, it would take him at least a hundred years.

It would be far better to push Tencent to go public now and directly obtain a huge return.

"Here, you sign this too!"

Just as his collaboration with Tong Zhelan was quite pleasant, Chen Pingsheng's collaboration with Yang Mi was also quite good.

From Shuiyunjian at the beginning to Bobo Milk Tea now.

This woman is practically an all-rounder in marketing and various other sectors.

The contract that Chen Pingsheng produced was the same as the one Zhao Liying had.

After taking a look, Yang Mi decisively signed her name in regular script.

Without Tong Zhelan's investment, Tengying would still be nothing.

With her investment, things are completely different; Tencent Film is now truly worth 5 billion.

At this point, Chen Pingsheng's willingness to give her 5% of the stock options was undoubtedly very generous.

Although this equity will not be vested until 2025.

By then, it's unclear whether Tengying will still exist or not, but I'm still very happy.

This is the greatest recognition of her personal value.

Chen Pingsheng said, "That's right. Now that you've signed this contract, we're truly family. Tengying is expected to go public in 2016, with a valuation of at least 10 billion. If it can become the industry leader in ten years, then you, Yang Mi, will truly be living a glorious life."

"Ten billion? I suspect you're dreaming!"

Yang Mi highly approves of his business acumen in traditional industries.

But Tengying is truly a top-tier Xianyu company in the industry.

Given this state of affairs on Xianyu, how can he claim to have the potential to become number one in the industry?

Do you think she'll believe a single word of it?
Masters are lonely.

wrong.

It should be said that the old man with the golden touch was lonely.

As long as the "golden finger" (referring to a specific financial strategy or mechanism) doesn't change, Tencent will never be a loss-making company.

So what if you're number one? It's perfectly normal.

Chen Pingsheng was too lazy to argue with her on this matter. He still thanked her, saying, "Thank you for taking the initiative to expose Tenghui Department Store for me these past few days."

Aside from Zhao Liying cutting the ribbon on the opening day, Yang Mi actually went to Tenghui Department Store herself for several days after the opening and arranged for many reporters to expose the event.

This allowed Teng Hui Department Store to gain a lot of traffic from the very beginning.

That shows great thoughtfulness.

Before the broadcast of "The Legend of Hua Qian Gu," Zhao Liying's fame was incomparable to hers.

"Don't just thank me verbally, when are you going to invest in my big movie?"

Yang Mi has no rivals in the drama industry, and now she is single-mindedly focused on becoming a leading lady.

She has achieved quite good results in the film industry in recent years.

They generally make money, but their reputation is just so-so.

What use is reputation to investors? Making money is the only thing that matters.

"Making movies is no problem, and investing is no problem either. As long as the project is suitable, you can invest as much as 100 million."

A suitable project naturally means making money.

He'd invest in anything that could make money.

If it doesn't make money, then you can forget about it.

He wouldn't look for projects; Yang Mi would have to find them herself.

It's said that the film industry is even more treacherous than the television industry, and he's had quite a few dealings with film crews.

Currently, Charlotte's Troubles is the only one that's making money.

There's not a single one left that can make money. I wonder if Yang Mi can find him two profitable film crews.

After Tengying achieved a valuation of 5 billion, the most bewildered person was none other than its secretary, Bai Xin.

She knows better than anyone how leisurely the work here is.

How could Tencent, which only works sporadically, be inexplicably valued at 5 billion?
Family members, who would believe this?

Regardless of what these idle employees within Tencent Film Studio think, it's a foregone conclusion that Tencent Film Studio will directly upgrade to a top-tier company in the drama industry.

Next, it was time to launch a full-scale attack on the film companies.

To understand the difference between the two, a comparison will suffice.

Entertainment companies that only produce TV dramas are valued at most in the billions.

But it's different for filmmakers; companies like Huayi Brothers can generate as much as 60 billion.

This is the difference.

Therefore, Tencent Films must become a top-tier film company in order to potentially achieve a market capitalization of tens of billions.

Keep trying and work hard.

Two days later, Yang Mi happily found a movie project.

The script looks pretty good, and the story is quite interesting.

As a result, after using the "golden finger" method to make a quick calculation, he found that the return on investment was as high as 30%.

What does this mean.

In other words, if he invests 100 million, he can only get back 30 million including principal and interest.

Without saying a word, Chen Pingsheng chased her away.

Yang Mi was furious.

Another day passed, and she found another film project.

It's also a martial arts movie.

The male lead was chosen to be a very famous action star, and she played the female lead.

"Chen Pingsheng, you should at least vote for this one, right?"

After examining it with his golden finger, Chen Pingsheng immediately sighed and rubbed his forehead.

Even more outrageous.

A 10% return, including the principal.

Go in with 100 million, and you can still buy a pair of boxer shorts worth tens of millions when you come out.

Consider it a consolation prize.

"Yang Mi, I now seriously suspect that you are a representative sent by the enemy."

What kind of taste do you have?

Could you be as reliable as Zhao Liying?

Yang Mi doesn't have any magic touch; how would she know whether the movie would make money or lose money?

Chen Pingsheng rejected her again and again.

Yang Mi was very angry.

No matter how angry you are, it's useless. The money is in Chen Pingsheng's own hands. He can invest it if he wants to, and no one can persuade him otherwise.

He finally discovered it.

Yang Mi is quite good at acting in TV dramas.

My taste in choosing movies is really terrible.

None of the films she selects ever make money.

Tiankeng!
After being rejected three times, Yang Mi thought he was doing it on purpose, so she simply became a chatterbox.

I saw him drinking tea.

"Chen Pingsheng, what do you mean by this?"

I saw him eating.

"Chen Pingsheng, you eat so much, when are you going to invest in my big movie?" I said when I ran into him going to the bathroom.

"Ha, Chen Pingsheng, you actually came up here to take a dump?"

It is indeed a level three yin-yang monster.

It seems that it's definitely not going to work for her to choose a movie herself. I'll have to pick one for her myself when I have the chance.

Tengying's principle is: never do projects that lose money.

To avoid Yang Mi, he simply stopped going to Tengying.

Let's wait until we have a few more film projects in the pipeline before making any decisions.

After receiving the 500 million yuan from the sale of shares in Tengying, Chen Pingsheng immediately decided to invest in another department store, Tenghui Department Store.

The goal of opening six stores in Beijing this year remains unchanged.

If they invest in one more company now, An'an and her friends will have another stable source of income in the future.

Shuiyunjian's annual meeting was held as scheduled on March 20th.

This year, Shuiyunjian's main goal is to solidify its foundation and train a group of capable individuals who can expand the market in the future.

Next June, the first batch of trainee beauticians at Shuiyunjian will graduate after a two-year training program.

According to his plan, he would invest 300 to 500 million yuan directly in Shanghai to open a headquarters and then open 25 to 30 Shuiyunjian stores.

The investment is expected to take place around the end of 15, so there's no rush now.

However, he still announced some great news at the annual meeting: a plan to allocate 30 million yuan annually.

Establish a family-oriented medical enterprise.

Anyone who is an employee of Shuiyunjian and whose parents, spouse, or son is seriously ill can apply for this fund.

To avoid the embarrassing social situation where one person's illness leads to the entire family falling into poverty.

Apart from parents, husband and children, others such as grandparents are not eligible to apply.

As people get older, they naturally have more health problems. His company has thousands of employees, and he can only provide for his closest family members.

That's a company with a conscience.

Thirty million isn't a lot, but it directly earned him over nine hundred employee happiness points.

It was a pleasant surprise.

It seems like I can raise my physical age to twenty-eight again.

When people reach middle age, who doesn't miss the days when they could beat their wives until they screamed with pleasure while standing still?

After Shuiyunjian hosted that grand event last year, its influence in Beijing has increased significantly.

Many big stars are willing to spend their own money to go there.

Even Yang Mi secretly bought a breast care card worth 198 million yuan.

I spent over a million on my buttocks, and of course, my face didn't get spared either.

Shuiyunjian is a high-end establishment, so naturally, it uses top-tier global brands for its products.

The effect will definitely be very good.

Besides, the door-to-door service here is excellent now.

This also allowed him to build a considerable network of connections.

It's almost the end of March.

The courtyard house in Nanluoguxiang, south of the Second Ring Road, is almost fully renovated.

The renovated courtyard house feels completely different from what it used to be.

There are still some details to be completed, and after everything is finished, it will take two months to air out the odor before people can move in.

The main purpose is to prevent children from inhaling odors.

This house cost them a whopping 300 million yuan, from purchase to renovation.

The results were predictable.

The CEO training program in March was scheduled for the last few days.

Every year, the night before a class starts, one of the students organizes a class meeting.

This time, the person in charge was a classmate who works in tourism.

There were more than twenty students in the class, all from different parts of the country.

They also possess considerable knowledge and financial resources.

The most noteworthy thing is that Huang Pujun, who was just a bystander in the class, actually found a tycoon.

He's a top-tier real estate tycoon.

This struck many people in the class as odd; they thought this woman was enrolled in a CEO training program solely to find a wealthy man.

Now she has finally found someone, even though the man is several decades older than her.

But their influence in the business world is undeniable; it's truly immense.

Even when Tong Zhelan sees her man, she has to respectfully call him "senior".

There isn't a single person in the class who has reached that level.

Wang Yanfeng's father is about the same.

It has nothing to do with how much money they have; the key is their social influence.

They are not comparable to these people.

She's managed to find such top business tycoons, no wonder she speaks so loudly now.

There's a saying, isn't there?

Men conquer their careers to sleep with all the beauties in the world.

Women gain power and success by conquering men.

Isn't Huang Pujun a typical example?
Even Tong Zhelan looked at her strangely.

"Old Chen, your Tengying is valued at 5 billion, and I'm really on tenterhooks."

Tong Zhelan spoke frankly, saying that although Tengying made money, luck played a major role in it.

Bringing Yang Mi over would indeed greatly increase its influence.

However, there is still a considerable gap between that and 5 billion.

Her willingness to invest was mainly based on mutual trust, and crucially, Chen Pingsheng himself was not short of money.

Haven't you seen how Teng Hui Department Store, with its huge investment, has opened one store after another in Beijing?

People who don't lack money have an easier time making money.

If you're short of money, you'll be at the mercy of the other party in terms of any conditions.

Whether it's Boiling Sheep or Bobo Milk Tea, they are essentially not short of money.

"It's only 5 billion, what are you worried about? I didn't ask you for 8 billion, which means I consider you a friend."

Chen Pingsheng patted her on the shoulder. Tong Zhelan, this elite woman, would have been a female general capable of fighting battles in ancient times.

In modern times, he would be a powerful financial tycoon who could hold sway over a region.

"Come on, let me tell you something in secret: there's going to be big news in the stock market."

"What big move are you talking about? Explain it more clearly."

"It involves the number one real estate company in China."

Tong Zhelan said, "That real estate company has been listed for many years, but its stock price has always been very low. Now it has been targeted by a big shot from the Chaoshan Chamber of Commerce, who is trying to directly take over the company through the stock market."

The number one real estate company in China.

Isn't that Vanke?
Who would dare to mess with a giant company with a market value of nearly 100 billion?
They also attempted to acquire shares from retail investors or small shareholders through the stock market.

This achieves the effect of a snake swallowing a giant elephant.

The idea is good, but whether it can be realized is another matter.

Chen Pingsheng has never invested in the stock market.

Upon hearing this news, anyone who wants to acquire Vanke will definitely have to throw in tens of billions of yuan.

With so much money being spent to acquire shares, the stock price is bound to skyrocket.

Actually, prices are already rising; the market isn't stupid.

With such a large market maker constantly accumulating shares under the table, it's hard for the stock price not to rise.

Spend tens of millions just to watch the show.

Given its current condition, it's highly unlikely that it will be available for purchase now.

……

The warm sun shines in April.

A gentle breeze and just the right temperature.

After finishing the three-day CEO training course, Chen Pingsheng, having nothing to do, sat on a small stool in his backyard, holding a few large wooden planks, a few small iron nails, and a small iron hammer.

He was quite happy because Chen Xinyi was able to call him "Daddy" in her early babbling.

As a father, he wanted to make a beloved little trailer for his daughter.

It's the kind of thing that's a bit uncomfortable on your butt.

It's okay. If you don't suffer when you're young, you won't suffer when you grow up.

That's just what her family's circumstances are like.

With each strike of the hammer, a heartfelt expression of fatherly love is revealed.

What's the big deal about a little bump on a little bottom?
He and his wife are both quite busy, and his father just became the village chief this year, so his mother, Peng Ying, has no time to come over.

Liu Fen was mainly responsible for taking care of Chen Xinyi.

It's only natural for a grandmother to take care of her granddaughter.

Her sister-in-law, Song Wu, often takes her out to play.

Chen Xinyi was able to walk a few steps now, and she came over, laughing and wobbling, almost reaching his side.

As a result, he fell flat on his face.

Just as she was about to cry, she realized that the grass on the ground didn't taste good at all, so she scratched it with her little hands.

Once the grass lost its comfortable posture, it began to cry loudly, growing from a small to a large size.

The little blond kid learned from a young age that a child who doesn't cry won't get milk.

Chen Pingsheng picked her up, and after sobbing a couple more times, he stuffed a lollipop into her mouth and started laughing again.

(End of this chapter)