The Birth of Shanghai's First Conglomerate

Chapter 181 Major Changes and Relocation

"Damn... Hunan TV is shameless!"

"How can they broadcast a show like this, only two days a week?!"

"My wife and I were just getting into the exciting part when it ended!"

As China's first weekly drama series, "The Legend of Hua Qian Gu" became a huge hit online, but it also attracted a lot of criticism.

The main issue is that it only airs two days a week; no other channel has ever done that before.

This infuriated those who were engrossed in watching the show.

They flocked online to criticize Hunan TV, calling it shameless and utterly despicable.

Despite the criticism, Hua Qian Gu was exclusively broadcast on Hunan TV, and countless people still tuned in to watch it when it aired.

Watching TV on a mobile phone isn't that popular yet.

The main problem is the underdeveloped internet infrastructure and expensive data plans. If you don't install WiFi at home, who would dare to use their own data to watch TV?

The money you spend on data traffic can easily buy you another Xiaomi phone.

The immense popularity of "The Legend of Hua Qiangu" not only boosted the careers of Tencent Entertainment, the company that produced it.

There's also a range of online merchandise; the same Flower Palace Bell they sold online started selling tens of thousands of units daily as soon as the show aired.

At the same time, Bobo Milk Tea also directly announced the release of the same "Flower Eternal Broken Thoughts" milk tea.

His reputation soared overnight.

When Tencent was valued at 5 billion, many people were quite puzzled.

They think it's not worth the price.

Now, many people have contacted Tong Zhelan hoping to invest in Tencent Pictures.

It's a pity that Chen Pingsheng directly quoted a valuation of 10 billion for Tencent.

They were only willing to give up 10% of the shares, which silenced the capital companies that wanted to invest in Tencent.

He's not short of money, and with Tencent's profits so high, there's no way he'd sell too many shares.

However, the news that he was valued at nearly 10 billion still spread like wildfire in the entertainment industry.

Previously, some people wondered why Yang Mi, such a big star, would ruin her career by switching to Tencent Film.

Who would dare to speak now?

Tengying's compensation for Yang Mi is significantly higher than what her previous company offered.

If Bobo Milk Tea can be successfully launched, she will directly earn three to four hundred million yuan a year.

Far surpassing all the top-tier celebrities in the entertainment industry.

Not to mention that they also gave her 5% of the shares, although she won't be able to cash them out until 2024.

The imaginations of netizens these days are truly astounding.

Most people flocked to Yang Mi's account, praising her for her good taste and deserving of her title as a top-tier, evergreen influencer.

The phenomenal success of "The Legend of Hua Qiangu" has not only boosted Tencent's valuation.

This also made Bobo Milk Tea and Boiling Sheep incredibly popular at the same time.

In his own store, Fei Yangyang simply started selling Hua Qiangu's merchandise.

You should know that Zhao Liying is one of the bosses of Boiling Sheep.

The boss is furious, so how could this place be bad?

After the drama became a hit, there were four or five news items about Hua Qiangu on the entertainment list every day.

It's safe to say that Zhao Liying, who had always been a second-tier actress, has risen directly to the top tier thanks to this drama.

Since then, Tencent Entertainment has become a top-tier entertainment company with two top female stars.

In the drama industry, there are only a handful of companies that can compare to it.

Only established entertainment companies like Tangren and Noon Entertainment, which have been around for more than five years, can compare to it.

The profits from Hua Qiangu's merchandise will take some time to reach him.

Sales on online platforms are increasing exponentially every day.

Just then, a famous game company approached them.

They went to our door to purchase the game development rights for "Hua Qian Gu".

Chen Pingsheng was not surprised; he had expected it all along. The TV series was already visibly a huge hit.

Buying its copyright at this point to make games would clearly be a very good business deal.

Moreover, they have no shortage of customers.

The profits from the game are also incredibly high.

Once it becomes popular, you can eat it for many years.

Chen Pingsheng offered 1.2 million.

That person's expectation was fifty million, and the offer here is clearly too high and does not meet their expectations at all.

They left, but returned two days later.

The storyline of "The Eternal Flow of Flowers" became even more captivating, leading them to purchase the game's production rights for 1.2 million yuan.

That seems acceptable.

The news sent shockwaves through the industry. Tencent Video had already earned 500 million yuan from this drama, and now they've made over 100 million yuan more by selling the game rights.

Indeed, when it comes to making money, you can always trust it.

of course.

There are conditions to such a high price offered: Zhao Liying must personally endorse the product.

No problem.

We just need to wait until their game is released before arranging for Zhao Liying to film an endorsement video.

Chen Pingsheng called Zhao Liying and offered her 20 million yuan out of the 120 million yuan as her endorsement fee.

It directly rivals the top-tier celebrities.

The wildly popular Hua Qiangu also made a fortune for Teng Ying.

Everything was thriving for him.

However, a dramatic change occurred in the stock market.

Stocks plummeted overnight, the landscape changed dramatically.

The bull market, which has surged for nearly two years, seems to have finally reached its darkest moment.

In less than half a month, the Shanghai Composite Index fell by 35% and the ChiNext Index fell by 44%.

In the Shanghai and Shenzhen stock markets, half of the stocks fell by more than 50%.

This means that in less than half a month, the stocks in my hand have dropped by more than half.

It was originally worth 100, but now it's worth less than 50.

This isn't just one or two people losing money; it's nearly half the people in the entire stock market experiencing the same losses.

More than 20 million stock investors lost half of their wealth in just half a month.

The impact of the stock market crash was evident.

Most of the clients with high leverage were forced to liquidate their positions.

This is a real stock market crash; the more frenzied it was before, the more tragic it is now.

The entire stock market seemed to have turned into a scene of utter devastation overnight.

Most of those who were hailed as stock market legends in the past two years have lost everything in this wave.

No one knows how long the stock market crash will last, and no one knows how it happened.

In just half a month, countless people have spent almost all of their money.

That is, on the 19th of June.

Big Baby graduated from Shijingshan Primary School, and his family officially moved to a courtyard house in Nanluoguxiang, south of the Second Ring Road.

The house cost 200 million yuan to purchase and another 100 million yuan to renovate, not including the purchase of full-roof furniture.

Like Chen Pingsheng's own elegant tea room.

The tea table set inside, which includes six wooden chairs, is made entirely of genuine rosewood.

This set of wooden tables and chairs for drinking tea alone costs more than five million yuan.

Adding in the Chinese-style furniture placed throughout the courtyard, the total comes to over 30 million.

Big-legged Chen An'an's favorite view is the huge mini aquarium outside the floor-to-ceiling window of his room.

This was something she herself had been longing for.

It is 16 meters long, 3 meters high, and at least 2 meters wide.
The entire small aquarium is connected by floor-to-ceiling windows throughout the four rooms.

The annual maintenance cost for this small aquarium is no less than one million.

It can be described as incredibly luxurious.

Besides her own room being incredibly beautiful, Chen An'an also particularly loves the four beautiful money trees in the courtyard.

And the entire courtyard features incredibly comfortable pavilions and elegant terraces.

The second floor of the west wing has been transformed into a panoramic open-air balcony, complete with artificial hills and ponds.

In my spare time, I plant flowers and grass here, and feed the goldfish.

Sleeping here at night, listening to the evening breeze and watching the birds fly south, life would be so pleasant.

Chen An'an absolutely loved this place; it was even more beautiful than she had imagined.

It's much more comfortable than Shijingshan.

This is typical nonsense; one of them spent nearly 400 million.

One is less than 20 million, how can you compare them?

It can only be said that luxury homes are everywhere in China, but courtyard houses will always be in a class of their own.

They are often in the hundreds of millions.

Their yard isn't the biggest, but it's definitely the one with the highest renovation costs.

Just to make her son happy, she spent at least 20 million on the giant family aquarium outside her floor-to-ceiling windows.

This can be considered as fulfilling her little wish to see the blue ocean from home.

(End of this chapter)