The Birth of Shanghai's First Conglomerate

Chapter 183 There's Only One Good Father in the World

We'll have lunch in half an hour.

Chen Pingsheng asked Chang Fu to go to the billiards hall next door for a game.

He enjoys playing billiards, so he installed a billiards room at home.

Playing a few rounds with old friends when you have nothing to do is a really good feeling.

Chang Fu is also a good billiards player; he's about on par with him.

Neither of them has made much progress over the years; they are both only slightly professional among amateurs.

They can't beat professional players, and they're no match for ordinary amateurs either.

It wasn't until Song Shuiqing came to call them for dinner that everyone went over together.

There are two restaurants, one large and one small.

The larger ones are specifically for receiving guests, while the smaller ones are for family gatherings, seating only six people.

During the meal.

Song Shuiqing mentioned that she was going to intern at Tencent Film Studio with her classmates, something Song Yanxi had promised her.

There is nothing wrong with this.

Anyway, the work there isn't busy, so I spend most of my time pretty much relaxing.

Song Shuiqing was very happy and even had a drink with him.

After the dinner party ended, most of the other people left.

They were left alone in the living room.

Chen An'an wanted to push her younger sister around to play, while Liu Fen watched from the side.

Anyway, they'll stay in the yard and won't go out.

The yard is so big, it's enough for the two sisters to play around in.

The couple sat alone in the living room, and Chen Pingsheng felt that the house seemed a bit too big.

The place still felt a bit empty, even though it was just the four of them living there.

I don't know if I'm homesick or missing my parents.

As long as one's parents are alive, one still has a place to come from in life.

When parents are gone, life is just a journey home.

He has now settled down completely in the capital, while his father is the village chief, with endless little things to deal with every day.

They were busy and having a great time.

As for his mother, Peng Ying, it's time to bring her to Beijing to enjoy life.

Chen Pingsheng sent her a video, and Peng Ying agreed to come to Beijing in two days after receiving it.

Chen Pingsheng was quite pleased. After hanging up the video call, he asked his wife, "My little sister seems to have been quite well-behaved these past few days!"

"You also said that you scolded her too badly last time, and now she's afraid to date."

Song Yanxi also felt quite helpless, as Chen Qi seems to have no other forms of entertainment besides going to and from work.

Chen Pingsheng ignored her, saying, "When my mother comes, she will persuade her. You don't know this, but Liu Wenhao's father has been arrested, and the charges are quite serious. Their house in the suburbs of Beijing collapsed, killing two people."

“His two older brothers can’t escape now either. You know the situation in the country right now. There are big operations going on everywhere. Many people who used to have dirty hands have either been completely exonerated or have been investigated. It’s better for our family to stay away from these kinds of people.”

He got his start through connections, and he also got projects through connections.

Once the relationship fell apart, the Liu family declined faster than anyone else.

Song Yanxi is naturally aware of the current situation in China.

It's complicated to explain.

In fact, everything is developing in a positive direction, but a large number of people will inevitably be laid off during this process.

Nobody knows if they'll be the next one to be investigated.

To protect oneself is wise.

Or they could form small groups to resist the larger operation from above.

Everyone has their own choices.

It's common knowledge that a massive operation is underway across the country, and the sweeping of Dongguan City demonstrates the unprecedented scale of this operation.

I don't know when it will end, or what new situation it will develop into.

Living in this era, all Chen Pingsheng has to do is go with the flow.

June 25th.

The CEO training course lasted three days, and somewhat surprisingly, Wang Yanfeng did not attend this time. Previously, he had been enjoying great success in the class thanks to his live streaming on Xiongmao.

They secured over 2 billion yuan in funding in a short period of time.

Keep in mind that all his projects combined have only brought him a meager 12 billion so far.

Wang Yanfeng secured over two billion yuan in funding in a short period of time with just one project.

This is clearly an exaggeration.

Chen Pingsheng twirled the Parker pen in his hand, listening to Tong Zhelan angrily saying...

"Wang Yanfeng is such an idiot, he actually offended the big penguin."

No wonder she was so angry; entertainment live streaming is such a great platform.

Wang Yanfeng also possesses a natural and extremely strong online presence.

Just when everything was going smoothly, Tencent unexpectedly entered the live streaming world.

Since its inception, Xiongmao Live has relied on Wang Yanfeng's own popularity and his powerful and wealthy network of contacts.

It quickly became one of the top three live streaming platforms in China.

Together with Douyu, Huya dominates the market.

Similarly relying on funding, the Tomcats, which boasts of having plenty of money, poach talent everywhere with high prices.

Even the small guilds in Changfu were affected by them.

Just when everything was going well, little did people know that Tomcat's internal management was a complete mess.

Chaos is rampant everywhere; perhaps this is a common problem for second-generation rich kids starting their own businesses.

In a crucial game.

When Tencent was preparing to enter the live streaming industry, it even sent people to conduct on-site investigations in their area.

Wang Yanfeng's arrogance was not only reflected in his personal conduct, but also in his actions.

They only made a few appearances, giving off an attitude of "take it or leave it" when it came to investing.

result.

The Big Penguin immediately invested in its competitors Huya and Douyu, demonstrating its immense influence in the internet industry.
Anyone who faces it will tremble in fear.

With just one move, they cut off the most important gaming section of Xiongmao Live.

A live streaming platform primarily focused on games has had its game copyrights revoked by Tencent.

It is not allowed to use its own game streaming services for profit during live streams.

This is tantamount to cutting off his lifeline.

Tencent has always held a dominant position in China's gaming industry.

Its takeover of power has directly led to the precarious situation of Xiongmao Live.

Tong Zhelan invested over 100 million yuan in Xiongmao Live, thinking it was a good project, but unexpectedly it was ruined.

It's no wonder she hurled insults at Wang Yanfeng; other investors probably felt the same way.

"You don't need to comfort me. I signed a performance-based agreement before I invested."

Tong Zhelan's only consolation was that she signed the betting agreement.

She's played it safe this time; historically, there haven't been many good outcomes for second-generation rich kids starting businesses.

She knew Wang Yanfeng's personality very well; he was arrogant and overbearing.

Although the project was very good, she still chose to sign a performance-based agreement before investing.

Clearly, she made the right move.

Chen Pingsheng and his colleagues were naturally aware of the performance-based agreement; many people would require entrepreneurs to sign such an agreement before investing.

Of course, if it were him, he definitely wouldn't have signed it.

the reason is simple.

Investing is a risk; if you succeed, everyone profits, but if you fail, no one benefits.

We must share the burden, good or bad.

A performance-based agreement, on the other hand, is clearly designed to guarantee a return for the investor regardless of whether the investment is profitable or not.

Tong Zhelan told them the contents of the agreement with a cold laugh, which surprised Chen Pingsheng and He Bijun.

It's unclear whether Wang Yanfeng is just carefree or genuinely overconfident.

They actually dared to sign such an investment agreement.

If Xiongmao Live fails to go public within three years, Wang Yanfeng will have to repurchase all their investments at an annual interest rate of 10%.

What do you mean?
Previously, investors had invested more than 2 billion yuan in him. If Xiongmao Live fails, he will have to bear all the failures alone.

This is truly a case of someone selling off their father's land without a second thought.

For an ordinary person, even if they signed such an agreement, they probably wouldn't have the money to repay the investors in the end.

Wang Yanfeng is different; his father is truly wealthy and is a regular on the Forbes list.

In the end, his parents had to clean up his mess.

What investment genius, the strongest rich second generation, the entertainment industry's watchdog?

These are titles that are famous online.

To them, it was nothing but a joke.

foreseeable.

If Wang Yanfeng destroys Xiongmao Live, he can forget about getting any more projects through the capital circle.

His reputation is ruined.

Tong Zhelan would never look at him again, and neither would her classmates.

Many people followed suit and invested.

If you succeed, it's easy to talk about the next time; if you fail, you can only go back to your father.

……

As one of the most popular startup projects in 15.

From the very beginning, Xiongmao Live has attracted countless people's attention.

This applies not only online, but also offline.

Even the smallest live-streaming guild will be affected by it to some extent.

pity.

Such a dazzling star project collapsed and became uncontrollable after offending Tencent.

Actually, Tencent wasn't deliberately targeting it; it's just a matter of the three major players in the live streaming industry.

It threw two, but the tomcat didn't throw.

At this point, the domineering nature of the giant penguin naturally became apparent, and with just one move, it rendered the penguin powerless in the live streaming world.

That's why people say that any internet project that can work with Tencent must have Alibaba backing it up.

Without Alibaba's support, who could possibly beat them?

Wang Yanfeng, who has always liked to do things in a high-profile manner online, is now really in a real bind.

Although no investors have come to him yet, he is very clear about the terms of the agreement.

The male cat has definitely become a hit after doing this for so long.

He offended quite a few people; in his attempt to poach top streamers, he completely alienated two other live streaming platforms.

The situation is not right now.

After Big Penguin Games was no longer allowed to be broadcast here, Xiongmao's game live streams were unable to start broadcasting for 80% of the time.

The strategist Zhang Geming had already fled ahead of time and returned to his father's side.

the reason is simple.

Even when we were investing, he kept reminding us never to sign that kind of investment agreement.

Wang Yanfeng ignored the advice and insisted on going his own way.

Now, not only have they lost all their principal, but they also have to shoulder billions in debt.

He definitely can't pay it back on his own, and the investors don't expect him to. In the end, they'll all go to his father, Old Wang.

He enjoyed immense success for a few years after returning to China, but was suddenly brought back to reality.

Wang Yanfeng tried everywhere to find a solution, but after searching around, no one else was willing to vote for him.

Even with performance-based agreements, no one is willing to invest any more money.

If it weren't for his own arrogance, the Big Penguin wouldn't have switched allegiance to his two rivals.

It can only be said that one reaps what one sows.

Once this side collapses, those who invested money before will all band together and go to his father to ask for their money back.

If they refuse to give it to him, then Wang Yanfeng will be restricted from all high-end consumption.

If people can't even fly in the country, their descendants will all be affected.

As Old Wang's only son, no one is worried that his father won't pay off the debt.

He's the only son in the family, so he has no choice but to pay it back.

……

The matter of the male cat live streaming.

Chen Pingsheng had also been following the news online for some time.

Wang Yanfeng, who used to like to spout nonsense online, has now simply disappeared.

Although the financial community's opinion of him has hit rock bottom.

But there are still countless young women online vying to become his girlfriend.

Perhaps this is the meaning of being rich!
They always yearn for what others cannot have.

Even after the three-day CEO training program ended, many people still came to visit his Tengying studio.

If we're talking about the only company in the class with a current valuation of 10 billion, it's his Tencent Entertainment.

The year-long CEO training program is almost over, and the once-crazy stock market has now become a nightmare for countless people.

The impact of the stock market crash continues. Li Ka-shing's withdrawal of investment, which was widely discussed before, has been followed by the fact that housing prices remain strong even after more than half a year.

All sides are proving that the former investment guru misjudged the mainland property market.

This resulted in significant losses.

The more than twenty students in the class experienced the ebb and flow of life.

Only Chen Pingsheng's side is both stable and strong.

There was not a single penny of bank loan, and both of the companies they invested in were going public.

Tencent, whose asking price of 3 billion last year was still unacceptable to everyone, has now become a startup worth tens of billions.

He is also the only student in the class with a valuation of tens of billions.

The key point is that he also owns 90% of the company's shares.

In terms of personal worth alone, he is definitely the strongest in the class.

There's not much to say about Tengying; it's basically about making money on whatever you invest in.

In just six months, it has accumulated a net profit of over 300 million yuan.

Several major projects are still in full swing.

If this year's projected net profit exceeds one billion, that would be truly terrifying.

It's worth noting that Huayi Brothers, currently the leading film company, only reported a net profit of just over 200 million yuan in its financial report.

And what is its market capitalization?

The industry's first listed company with a market capitalization exceeding 60 billion.

It's quite alarming that Tencent's unpublished financial report shows even higher profits than Tencent's.

A valuation of 10 billion is not the upper limit, but only the pre-IPO valuation.

It will rise further in the future.

A large number of classmates were extremely envious.

Almost no one expected Tencent's development to be so rapid.

Even if I wanted to invest now, it feels like it's out of my reach.

Chen Pingsheng's plan is to launch another round of financing after the release of the Charlotte movie.

It's not really called financing; it's more like he sold another 10% of his Tengying shares and brought in several strategic investors with powerful backgrounds.

He had already decided on his targets: the two top-tier wealthy women from Shuiyun Pavilion.

In his wife's words, his background is unfathomable.

Even in the capital city, there's nothing they can't handle.

As Tencent Film & Television grows larger and attracts more attention, it becomes necessary to bring in strategic investors.

He doesn't plan to sell it for a market value of 10 billion.

Given his background, he's justified in offering a favor.

This is also why he didn't agree to Tong Zhelan's offer to have someone invest in his Tengying.

Once a company's revenue increases, it must prioritize investing in this type of investor.

Not only Tengying, but also Shuiyunjian is the same.

We need to recruit some investors with strong backgrounds, and we also need to ensure that they can make money.

These are all long-term considerations.

After Chen Pingsheng led them on a tour of Tencent Film Studio, he managed to show off a little bit of his skills.

Wang Yanfeng was arrogant before, but he was just too lazy to bother with those kinds of people.

In terms of entrepreneurship, the two are clearly not on the same level.

At least none of his classmates' projects have failed.

Tong Zhelan made a fortune by cooperating with him.

He Bijun, who works with him, no longer has to worry about selling his pigs; he can completely take care of the sales.

As for Hu Ding, the toy tycoon, it was also because of his foresight that he was invited to work with him to develop peripheral toys for Hua Qiangu.

They made a fortune.

It's safe to say that anyone who works with him is never disappointed.

This is on a completely different level from Wang Yanfeng, who started from an extremely high level.

In business, trust is often built by helping your partners make money.

It's obvious that he's in the classmates' group now, so if he wants to do something, he can get a lot of support.

This stems from everyone's trust in him, and the key is that he has never let people down.

……

In a blink of an eye.

June is almost over.

Chen Pingsheng was in a good mood, mainly because Hua Qiangu had become a viral sensation, and the term had become a hot topic online.

That is the power of the primordial chaos.

Riding on the immense popularity of Hua Qiangu, several of his projects have also seen rapid growth and substantial profits.

Can he be unhappy?

Back to the large courtyard house.

Big kid Chen An'an, who's on vacation, is actually teaching little kid Chen Xin'yi to sing.

It sounds pretty good from a distance.

But upon closer inspection, what was going on?

"My family lives on the Loess Plateau, and my father is my mother's cousin."

"They were having an affair before they were even married, and that's how I came to be."

What kind of tiger-wolf talk is this?
Chen Pingsheng knocked on the door, and Chen An'an, who was standing inside her room, turned around and asked, "Who is it?"

"I'm your mom's cousin!"

"My mom's cousin?"

My mom has many cousins, but her voice sounds so much like my dad's.

Chen An'an tilted her head to open the door.

No, it's my dad.

Why does Dad pretend to be Mom's cousin?

It’s weird.

Chen Pingsheng walked in slowly with his hands behind his back. The little guy had grown up quite fast; he was already eight years old.

He'll be in third grade when school starts in September, and he'll have grown up to chest height.

"Chen An'an, what kind of lyrics are you making up?"

"Dad, I didn't."

"You still don't admit it?"

Chen Pingsheng pulled her ear, "Your sister is only one year and one month old, don't you dare teach her bad habits."

"Dad, you can't wrong me."

Chen An'an had no power to resist her father.

What did I do to wrong you?

"I was just teaching my younger sister the Four Sheep."

"You even know about the four oceans and seven continents, that's good."

Chen Pingsheng decided to test his daughter, "Then tell me, what are the four oceans?"

"Isn't that Pleasant Goat, Beautiful Goat, Lazy Goat, and Boiling Goat?"

Chen An'an said proudly, "Dad, you don't even know this? You're so out of touch."

Chen Pingsheng: "..."

These are the four oceans?
Please forgive his ignorance.

What can I do to save you, my daughter?

Chen Pingsheng had a headache; when it came to academics, Big Paw Kid never disappointed him.

Patting her little shoulder, Chen Pingsheng said meaningfully, "An'an, it's Dad who's sorry. Heaven is fair. After giving you a wealthy family, it immediately closed the window of learning for you. Dad doesn't have high expectations for you anymore. In the future, try to show off your talents in front of your sister less often, okay?"

"How about that?"

Chen An'an said in a serious tone, "Dad, don't think that my poor exam performance means I'm not very knowledgeable. The main reason I did poorly on the exam is because the teacher perfectly avoided asking questions that I knew."

"I know so many things, but she didn't ask me any of them. She just picked the ones I don't know. Do you think I can do well on the test?"

Chen Pingsheng nodded, deeply agreeing. He said earnestly, "Indeed, my daughter is definitely exceptionally intelligent. An'an, you should work hard to save money."

"Once you've saved enough money, you can open your own school. When the teachers need to set exam questions, just tell them..."

“我才八岁，1加1等于2我知道，2加2等于四我也知道，但你们出4＋4这是几个意思？
"This is something an eight-year-old could do? Do you understand now?"

The more Chen An'an listened, the brighter her intelligent little eyes became.

His father is so clever; he could even come up with such an ingenious idea.

She never imagined that the teacher would ask her questions before even setting the test papers.

So…ga…s…da.

Chen An'an put her hands on her hips and laughed exaggeratedly.

Chen Pingsheng quietly pushed his younger sister away to prevent her from being harmed too much by her older sister.

It's clear that Big Fart Kid has already gone further and further into the ocean of knowledge.

While others were heading inwards, she was single-mindedly rushing outwards.

I decided not to make things difficult for her and to give myself a chance as well.

When Chen An'an came out with her hands behind her back, she actually ran to her mother to borrow money.

He said he wanted to open his own university.

Song Yanxi thought there was something wrong, but after listening to her explanation, she realized that it was to make it easier for her to create the test papers.
What a load of bullshit!

No doubt about it, he deserved a beating.

She needs to know that there's no one better than her father in the world.

(End of this chapter)