The Birth of Shanghai's First Conglomerate

Chapter 191 The Great Relocation of Shanghai

July 25th.

Tencent Entertainment has completed its relocation, and its new headquarters is truly impressive and grand.

Before the relocation was completed, Chen Pingsheng still held a super-large-scale money-grabbing game for everyone.

The game is simple: everyone gets one chance to grab money before entering the new headquarters.

There were ten huge money boxes, which together contained about 20 million in cash.

In the past, employees would grab whatever they could with both hands, and that was how much they got.

The main theme is happiness and joy.

At times like these, you wish your parents had bigger hands.

Ideally, you should be able to grab them all at once.

Not only can people from Tencent Entertainment be arrested at will, but people from Tengsheng and Tenghui can too.

From security guards to bosses' secretaries like Bai Xin, everyone is having a blast.

However, the person who arrested the most was actually the security guard, who alone arrested nearly 10,000 people.

Not a single card was missed in either hand.

Tencent Pictures arrested the fewest criminals, while the other two companies arrested the most.

Standing in front of the floor-to-ceiling windows of this new headquarters building, I looked down at the diverse crowd below.

Chen Pingsheng felt a sense of overwhelming power.

downstairs.

A Rolls-Royce Phantom sped up.

As it came to a stop in front of the company gate, the back door was slowly kicked open by a chubby little leg.

Her chubby little legs remained suspended in mid-air for about thirty seconds.

The main selling point is a cool entrance.

It's obvious that this is a little girl.

After Chen An'an, the big-breasted kid, got off the bus, his chubby buttocks swayed noticeably twice.

Chen Pingsheng was speechless at her; she was a natural-born troublemaker who loved to fool around.

His wife bought this Phantom; he already has a Maybach S680, so he doesn't really need to order this kind of top-of-the-line luxury business car anymore.

Since he didn't have a wife, he bought a top-of-the-line Rolls-Royce Phantom with a starlight headliner.

The final price was 1800 million.

It's all small money.

Song Yanxi brought her family to visit. The first floor is the reception hall, with four front desk staff.

They mainly wanted to ask if I had an appointment!

Or it could be serving tea to clients.

The clients here are either big landlords from Beijing or directors and film producers in the entertainment industry.

In any case, their identity is unlikely to be simple.

Thinking that no one recognized her, Chen An'an ran to the front desk and asked, "Big sister, I'm here to find my dad."

"You must be Princess An'an. The president is already waiting for you on the eighteenth floor. Just come up."

The young lady even helped her open the elevator.

Chen An'an suddenly felt listless, but Song Yanxi called out to her, and the little brat immediately quieted down.

It's better when they're small. Even though you have to hold them, they're quiet and their big, round eyes look around.

The elevator went straight to the eighteenth floor, leaving Liu Fen speechless.

This is the building belonging to my daughter's family, worth a billion.

tsk~

I really wish I could call all of Lao Liu's relatives to come and see.

Houses are nothing, they already own skyscrapers.

Peng Ying's situation was similar to hers. Knowing that her son was rich was one thing, but watching him spend 1 billion yuan to buy a building was another.

Eighteen floors.

Chen Pingsheng's president's office is particularly large, around 300 square meters.

There is also a separate small room behind the office, where you can rest when you are tired.

The entire interior design is exceptionally elegant, featuring not only the essential executive desk but also a circular sofa and a large tea table.

"Old Bean."

Chen Pingsheng ignored the little girl and told her to go play somewhere else, as he and his wife had something to discuss.

"Honey, this building is pretty nice."

Song Yanxi also thought this place was super grand.

"It's alright. For now, we'll put all three companies together. Once Tengsheng and Tenghui Department Store grow bigger, we'll need to buy separate headquarters buildings."

Chen Pingsheng brewed tea for them; the tea was Huangshan Maofeng.

Authentic Mao Feng tea is produced in the Huangshan area of ​​Anhui Province, hence it is also known as Huizhou tea. This tea was created by Xie Yuda Tea Company during the Guangxu period of the Qing Dynasty.

Its shape is slightly curled, resembling a sparrow's tongue, and it is greenish-yellow with visible silver hairs, hence the name Mao Feng (毛峰).

When brewed, it produces a misty vapor at the top, with a lingering and pleasant flavor.

The tea is very fragrant and the price is also very high, about 170 million yuan per kilogram.

He bought it just to try it out and see how it differed from the ordinary tea he used to drink.

The result is that there are differences, but not significant ones.

Big fart decided to wait until it cooled down a bit before drinking it.

This is really something, such a waste of good tea leaves.

After taking a few sips, Song Yanxi put down her cup. "Honey, you said you'd invest 100 million yuan to open two Shuiyunjian flagship stores in Shanghai. Is that a reliable idea?"

"Of course they're reliable. The locations are all set, one on the Bund and the other in Pudong New Area."

Chen Pingsheng said, "I called you here today to discuss this matter. Shanghai is too prosperous, and prices are soaring. Ten million yuan won't give you a luxurious feeling in Shanghai, so I plan to invest one hundred million yuan to open two flagship stores there first."

One hundred million is a small matter; Song Yanxi has plenty of money now.

However, Shanghai was a completely unfamiliar market for Shuiyunjian.

Now that we've moved on, it's like starting all over again.

However, the advantage is that it can pave the way for the major relocation next year.

Actually, Shuiyunjian has already developed very well in the capital.

The talent pool and management structure are already in place.

Going there now means exploring new markets.

As long as they can establish themselves in Shanghai, Shuiyunjian's earning power can definitely reach a new level.

Chen Pingsheng positioned Shuiyunjian as the ultimate luxury destination.

They will only expand into the markets of the four super first-tier cities, and will not go to other second-tier cities at all.

Song Yanxi will definitely take her team there for a visit first. In addition, Tong Zhelan invited several local bigwigs to invest in Shanghai Shuiyunjian.

Chen Pingsheng gave them a 30% investment share.

That makes perfect sense. New place, new connections. If you didn't have connections, even a fire department issue could give you a huge headache.

Song Yanxi went to the headquarters of Shuiyunjian to select a team for a business trip to Shanghai. The storefront that Tong Zhelan found was indeed suitable.

The rent is also beyond imagination; a prime shop of over 1,000 square meters on the Bund can cost 16 million yuan a year in rent.

It's cheaper in Pudong, around 1200 million.

This is Shanghai, where everything is more expensive than in Beijing, and prices are significantly higher.

After visiting the two stores for three days, Song Yanxi decided to invest 100 million yuan to renovate them first.

The renovation is currently underway, and the store is not expected to open until December.

The renovation cost for a single store was nearly 30 million yuan.

The wealthy people here have seen it all; they won't be satisfied unless you spend a lot of money.

A flagship store must look like a flagship store.

With Shuiyunjian expanding into Shanghai, she'll definitely be busier there too.

The initial investment money will not be asked to come from Tong Zhelan and the others.

The total investment will only be calculated once the entire layout here is completed.

Given the current situation, Shuiyunjian plans to open thirty branches in Shanghai, not including the headquarters.

It will probably require an investment of around one billion yuan.

With soaring property prices, shop rents and transfer fees have also skyrocketed.

Fortunately, their family has invested heavily in commercial real estate in Beijing.

No matter how much you raise prices, it won't affect them.

When Song Yanxi came back, she told him that prices in Shanghai are high, and housing prices are even higher.

There are already quite a few houses in the central area that cost over 200,000 yuan per square meter.

Tomson Riviera sold for 300,000 yuan per square meter.

That's pretty exaggerated.

Although her family was already very wealthy, she still thought it was outrageous.

Unable to resist the urge to invest in real estate again, Chen Pingsheng advised her to abandon the idea as soon as possible.

The housing prices in top-tier cities have far exceeded what ordinary people can afford.

Even if you hoard a lot now, who you sell it to in the future is a big problem.

Who among the wealthy would lack a house?
Like their family, they only visited Tianjin once before buying a penthouse villa there.

I haven't been to Shanghai many times, but I still spent 30 million to buy a house on the Bund.

Not to mention the capital city, apart from the courtyard house I live in.

Their family owns more than a dozen houses outside, but they have never lived in them.

This shows that wealthy people have no shortage of houses.

Those who truly lack housing are the people with genuine needs who want to buy but cannot afford it.

To stimulate housing price increases under such circumstances is to treat ordinary people like dirt.

He's even prepared to sell all the houses in Beijing that he doesn't live in.

Song Yanxi thought it made sense.

The fact that rents are so high in Shanghai proves that her husband's consistent focus on investing in commercial real estate is clearly the right thing to do.

It would be better to use the hundreds of millions in hand to buy a storefront in Shuiyunjian.

As for Chen Pingsheng, don't be fooled by the fact that he has over 500 million yuan.

In reality, it's only enough to invest in two Teng Hui Department Stores.

Tenghui Department Store is located in the Second Ring Road area, with a single store investment ranging from 3 million to 3.5 million yuan.

Once you get outside the Second Ring Road, it will only cost around 2.5 million.

With housing prices dropping significantly, commercial real estate prices will naturally also drop significantly.

Since then.

He owns six super-large Tenghui Department Stores in Beijing.

With a total investment of around 2 billion, he is getting closer and closer to achieving his goal for this year.

The successful IPO of Bobo Milk Tea has indeed brought him extremely rich returns.

Once we open two more stores, we can consider expanding Teng Hui Department Store to Shanghai. The strategy remains the same: buy all the storefronts ourselves.

In the future, I will pay my own rent.

He had a clear goal: to open 32 stores in four top-tier cities within three years.

The total investment is estimated to exceed 10 billion.

As long as Tenghui Department Store exists, the storefront will still belong to them.

So what if the wind and waves are big?
His family can withstand it too.

His wife still handles all the investments at Shuiyunjian; he doesn't need to worry about them himself.

The couple has not only made great strides in business this year, but has also made significant progress in commercial real estate.

……

end of July.

The CEO training program has entered its final three days.

They started classes last August, and the semester lasts one year.

It will be exactly one year by the end of July this year.

All twenty-odd students in the class were present this time.

This includes Wang Yanfeng, who was previously arrogant, and Xiongmao Live, which he painstakingly created.

After being trampled to death by a giant penguin, he seemed to disappear from the internet.

Gone was the previous high profile and arrogance, but this low profile only lasted for a month or two.

Old Wang in his family still took on all the responsibility.

She voluntarily took on his debts; otherwise, how could he have attended the CEO graduation program?

They were sued long ago.

A year has passed.

Chen Pingsheng felt he had made great progress, but he also felt he had much more to lack.

It truly broadened my horizons, mainly in terms of knowledge.

However, in the last three days, when the old professor asked the class representative to speak, everyone unanimously chose him.

This is a bit unexpected.

There's really nothing surprising about it, after all, a year isn't a long time, but it's not short either.

Tong Zhelan, formerly a partner in the China region of an international investment bank, has now founded her own company, Honglan Capital.

The first successful project was Bobo Milk Tea.

In eight months, we supported it from scratch to its IPO listing.

No one doubts that she has a strong network of connections.

But if you say that the project's complete success was entirely due to her, then no one is stupid enough to believe that.

From the very first news that Chen Pingsheng was going to make bubble tea, even Wang Yanfeng laughed at him, saying he was only fit to sit at the children's table.

After all, what kind of industry is the milk tea industry?
In his opinion, it had no class whatsoever.

The result? They only used 6000 million yuan and took less than a year to bring their milk tea business to market.

Valued at 25 billion, they successfully cashed out 15 billion.

Compared to the high-class live-streaming entertainment he himself considered, that was many times more successful.

Most importantly, Wang Yanfeng abandoned Feiying Entertainment and Juxianzhuang halfway through to focus his efforts on Xiongmao Live.

You could say he made the wrong choice, or you could say he did.

After all, this project allowed him to secure over 20 billion yuan in funding in a short period of time.

But you can say he's right.

Tomcat has already lost everything and has no chance of making a comeback.

In contrast, Chen Pingsheng did more than just succeed in making milk tea.

Restaurants, entertainment, fruits, and department stores—nothing was left out.

All of them are cash cows, none of them are losing money.

You can say that the industry he works in isn't that prestigious, but you can't deny that he earned the most money in the class that year.

No one can compare.

They are not comparable to Wang Yanfeng and his ilk.

Time, like gold refined by the waves, has proven everything.

Even Wang Yanfeng himself felt something was off about Chen Pingsheng.

This person, whom he previously considered a bumpkin, has repeatedly shattered his perceptions.

Now, they can even spend a billion yuan to buy a headquarters building in Beijing.

Chen Pingsheng was the only one in the entire class who could produce such a large sum of cash at once.

If Wang Yanfeng can't do it, then no one else can either.

If you say cash doesn't matter, then let's compete on valuation.

Tencent Entertainment, which is not listed, is valued at 10 billion yuan, and that's no exaggeration.

Their revenue and net profit are more than enough to justify this valuation.

The IPO is just a matter of one or two years.

By then, he will be the founder of a listed group with assets worth tens of billions.

With this kind of status, wherever he goes, the city's top official will have to give him special treatment.

While it might not be the case in major cities like Beijing, Shanghai, Guangzhou, and Shenzhen, cities with weaker economic conditions would definitely treat him like an honored guest.

This is the influence of a listed group with assets exceeding 10 billion yuan, far beyond what most people can imagine.

Chen Pingsheng was not arrogant. Instead, after going on stage, he earnestly expressed his gratitude for the professional knowledge he had learned over the past year.

From finance and bonds to international investment and corporate management.

There has been significant progress in both areas.

Moreover, his classmates broadened his horizons and exposed him to a wider world and a variety of industries.

There are about twenty people in the class, and they come from all sorts of backgrounds.

There are experts in every profession.

If it weren't for Tong Zhelan, he definitely wouldn't have invested in Bobo Milk Tea.

If it weren't for He Bijun, he wouldn't have been so determined to deeply root himself in the traditional aquaculture industry in the future.

They wouldn't even have thought of going to Guangdong to open a hot pot restaurant first.

It can be said that he has gained the most this year.

In the last three days, everyone seemed to have gotten much closer.

After creating a class group chat, everyone said they would keep in touch often.

If we go to the CEO training program again next time, we can all sign up together.

You're never too old to learn.

As it turns out, enrolling in the CEO program was the right decision.

Many classmates have started small group projects, but so far only his bubble tea has been successful.

And Boiling Sheep.

The current development of Boiling Sheep is very promising, and Tong Zhelan guarantees that the final round of Series D financing will be completed before September.

She will participate in this financing again herself, in order not to dilute her shares.

Chen Pingsheng felt the same way; he didn't want to dilute his shares too much.

When the IPO happens, they can make a big splash.

Maybe we can make over two billion.

With their participation, the Series D funding round will definitely go very smoothly.

He Bijun suggested, "Let's not go before September. We all trust Lao Chen. It's just a little over 700 million, isn't it?"
“He and Tong Zhelan took the lion’s share, and we’ll take the rest. If we can complete the IPO this year or next, everyone can make a profit.”

Everyone has participated in the previous rounds of Boiling Sheep, and now it's the final round.

The whole class will cover it together, which means that the graduating class will help Fei Yangyang soar to the sky.

It is also a testament to the time they spent together as a class.

Tong Zhelan thought this was a great idea, and she was very supportive of the development of Fei Yang Yang.

The main problem is that although the price is low, the profit margin is not high either.

It's so hot that it causes fires wherever it's driven.

Their marketing has always been far ahead, and their service is among the best in the same price range and class of brands.

Both are unable to see their opponents even with binoculars.

Good reputation, good service, and low price.

Is there any reason why it can't be listed on the stock exchange?
Therefore, she must retain her original shares in the final round of financing.

Only when it goes public can it directly make another big profit.

If Boiling Sheep goes public, its valuation will be at least seven or eight billion.

While it can't compare to Tencent, it's definitely a unicorn in the catering industry.

Well, in just one year, Chen Pingsheng has managed to own three companies that are ready to go public.

He stood out from the crowd in the class.

They are truly far ahead, and then ahead again.

At the crucial moment of graduation, the twenty-odd students in the CEO class presented Fei Yangyang with a big gift.

This will help it complete its Series D funding round directly.

From this moment on, Boiling Sheep will no longer dilute its shares to obtain development funds.

All that's left is to go through the IPO listing process.

After receiving the money, Fei Yangyang immediately began expanding in Guangdong. According to Gao Hu, he would not rest for half a year and would spend the money well.

One billion.

In addition to the 4.5 million from the previous Series C funding round.

Boiling Sheep has received a total of 12 billion yuan in development funds this year.

How outrageous can this number be?

It is estimated that about 600 Boiling Sheep directly operated stores can be opened in first-tier cities across the country.

Adding those that have already opened, after spending this money, there will be approximately 800 Boiling Sheep stores in China.

It quickly became a behemoth in the catering industry.

All that's left is to go public.

Given this situation, how could anyone not envy him?

It's fair to say that the development of Boiling Sheep was much more difficult than that of Bobo Milk Tea.

Traditional large restaurants are like this; they are far superior to franchise stores that can be easily replicated.

However, having reached this point, the hardest part is over.

We just need to proceed steadily and surely from now on.

There shouldn't be too many unexpected events.

It can be said that Boiling Sheep is on the verge of success, so we must be even more vigilant at this time.

We can't afford to make a mistake on the last step.

(End of this chapter)