The Birth of Shanghai's First Conglomerate

Chapter 203 Going on a Sea Trip
Chen Pingsheng and his family leisurely boarded their own Liwa yacht.

It was during the National Day holiday, and there were quite a few yachts queuing up to go out to sea.

Enjoy a sea trip with the sea breeze.

The yacht sailed smoothly on the sea, and the sea breeze gently caressed his wife's face.

Her hair was flying in the air; she looked quite beautiful.

After circling the Huangpu River, we set off for a larger sea area.

The little kid, on his first trip to the sea, was so excited he jumped up and down.

With those short little legs, it's especially cute going up and down.

However, her mother still put a small life jacket on her. That way, if she fell into the sea, she could float to the surface and be rescued in time.

After arriving at a tranquil area of ​​the sea, the yacht anchored in the middle of the water.

Chen Pingsheng skillfully set up three fishing rods behind the yacht. What man doesn't enjoy fishing?

The sunlight shone on the sea, making it sparkle.

In the distance, the sea and sky blend into one, stretching to the horizon.

Chen Pingsheng eagerly awaited the moment when a fish would bite; once it did, the bell on his fishing rod would ring.

His wife, Song Yanxi, was still in the large living room in the middle of the yacht, cutting up some large watermelons and cantaloupes.

Chen An'an came over with a big slice of watermelon in her mouth, "Dad, no fish are biting your hook?"

"What's the rush? Impatience is the worst thing when fishing."

Chen Pingsheng kept lecturing, but half an hour passed and not a single fish took the bait.

What a joke this is!

"Dad, why haven't any fish taken the bait yet?"

"Why are you in such a hurry? It'll be ready in a bit."

Another half hour passed, and Chen An'an started eating durian again. "Dad, if no fish bites the hook, it's almost time for dinner."

"Go eat your food."

Chen An'an said "oh, oh," and after she finished eating, she patted her little belly and sat down next to her dad on a small stool, feeling quite satisfied.

"Dad, stop fishing. Mom says you can't catch any fish in this sea."

Why didn't she say so sooner?

Whatever the reason, as long as it's not your fault, then it's fine.

Chen Pingsheng placed the three sea fishing rods behind him, and he would come out whenever the bell rang.

You don't catch small fish in the sea; you catch big fish.

In the central living room, with the U-shaped sofa, Song Yanxi was taking her little one for a stroll.

You can also go to the top floor to sunbathe when you have nothing to do.

Even though the sun is strong, we can open the awning; that's one of the benefits of being rich.

If you want to see the sea, you can come and see the sea.

Chen Pingsheng thought the yacht was nice, but a little small.

The little one needs someone to be with her on top, for fear that she might accidentally fall off.

It's a completely different story when it comes to those super-large yachts.

"Honey, look at the news, it's all about the Deer Antlers Cafe concert right now."

Song Yanxi smiled and started dressing more lightly after going out to sea.

The crew members hired here are all women.

"That's normal. Yang Mi and Zhao Liying's fans are stirring things up, it's hard for them not to become popular."

Song Yanxi thought that she could dominate the entertainment news headlines for three or four days just by holding a concert, but that was just wishful thinking.

The main reason is that these two top stars in the drama industry are mobilizing their fan groups to control comments and create hype.

They don't need to get involved themselves; Tencent Entertainment's large online marketing department will handle everything perfectly.

Chen Pingsheng also told his wife, "Tong Zhelan called me yesterday, saying that Tengying Entertainment is valued at 120 billion yuan and is going public, and asked if I agree?"

120 million?
Song Yanxi was quite surprised; it had only been a few years.

Her husband's company, Tencent Entertainment, is valued at 120 billion yuan and has even gone public.

"This is a good thing, do you still have any concerns?"

"Of course not."

Chen Pingsheng said, "I just don't want to dilute too many shares. I still hold 90% of Tengying's shares. By 2024, I will have to give Liying and Yang Mi each 5%. I will dilute a maximum of 30% of my shares."

There are quite a few of these, aren't there?

If Song Yanxi does the math, based on 120 billion, 30% would be 36 billion.

This enormous sum of money was quite astonishing, enough to instantly elevate their family to the status of a true entry-level wealthy household.

Add to that Tencent Entertainment's market value of tens of billions, and its influence becomes extraordinary.

"That's good. Tencent is our core traffic group, so it's right not to dilute too many shares."

Song Yanxi was wearing a bikini and covered with a small blanket; it was still quite hot at the beginning of October.

Although it is already autumn, the temperature is still in the twenties or thirties every day.

Chen Pingsheng sent a message to Tong Zhelan, agreeing to go through the listing process with a valuation of 120 billion.

Unlike Bobo Milk Tea's backdoor listing, Tencent Entertainment sought to go public entirely based on its own strength.

The application process takes much longer, at least three to five months.

It is estimated that the actual listing will take place in 16.

Tencent Pictures is applying for a domestic A-share listing, and the 120 billion valuation does not include Tencent Pictures' headquarters building.

The reason is simple: the building was not purchased with Tencent's funding.

It cannot be counted below it.

Like the future headquarters of Shuiyunjian in Shanghai, the building is the joint property of the couple.

It can be rented to Tencent Entertainment at a low price.

They earn their own rent.

It wouldn't matter if it were 100% ownership, but the key issue is that he now needs to dilute 30% of the shares.

That's only 60%.

The Tencent headquarters building should naturally not be included.

Once separated, it would belong entirely to him.

Their future commercial properties will all be separated into independent entities.

Even if the company goes bankrupt, these commercial properties still belong to his family and will not be affected at all.

Double insurance, awesome!

Charlotte's explosive popularity directly boosted Tencent's valuation. Tong Zhelan was still quite nervous when she spent 500 million yuan to buy a 10% stake in Tencent Entertainment.

Unexpectedly, in less than a year, it was valued at 120 billion before it went public.

Her 10% stake would then become 12 billion.

If the IPO before listing is completed.

This means she has to give up 3% to cash out 3.6 million.

Chen Pingsheng is going to give up 27% of his shares, cashing out 32.4 billion yuan.

This guy is definitely a prime example of someone who's getting richer and richer.

Once Tencent Pictures goes public, his status in the business world will rise accordingly.

In a typical city, that would be enough to make someone the president of a business association.

Even at the top business gatherings in the country, they can find a place there.

It's just that it's located towards the back.

Those mentioned earlier are all CEOs with assets in the hundreds of billions.

They either have a net worth of hundreds of billions or their company has a market value of hundreds of billions.

A billion is the entry ticket.

Chen Pingsheng didn't pay much attention; the little brat was having a great time on the yacht. When night fell, the yacht was moored in the sea.

When she went to bed, she could see the real sea through the window.

Chen Pingsheng felt the same way; he thought the yacht was great in every way except that it was too small.

The real big shots own yachts, which are worth at least 700 or 800 million yuan. Those are enough to take the whole family on a round-the-world trip.

When conditions improve in the future, he will order one of these superyachts.

Sleeping in such an underwater world with your beautiful wife in your arms must be quite a wonderful experience.

Only those who hold it understand.

After two days and one night at sea, the crew finally steered the large yacht back to the North Bund.

Just parking here would cost a million in rent per year.

Compared to luxury cars, yachts are significantly more expensive.

Given his family's current situation, they don't care too much about these things anymore.

Zhao Yimin picked up the family in his black Phantom. Song Yanxi also wanted to buy the Shuiyunjian headquarters building in Shanghai.

Seriously, the Bund on the Huangpu River is indeed a place of extravagance and decadence.

Skyscrapers stand tall along the riverbank, neon lights flash in colorful light, and luxury cars shuttle among them.

This place is like a vortex of desire, or a temple of materialism, where everything seems so decadent and extravagant.

An extra-long Rolls-Royce Phantom was parked on the Bund, and Song Yanxi took a fancy to a five-story Western-style building in the style of the Republic of China era.

The floor area is around 1,200 square meters. The price is 580 million.

It's good, but it's also really expensive.

She could have bought it all at once, but after some hesitation, she decided to take another look.

Anyway, there's no rush.

The two also visited the newly renovated Bund flagship store, Shuiyunjian.

The renovation is only half complete, and it is expected to open in December.

With a total investment of 50 million yuan, the flagship store, once completed, will definitely elevate Shuiyunjian's status in Shanghai to a new level.

Time flies, and it's already October 6th.

With her son starting school, Song Yanxi could no longer stay in Shanghai, so she booked several plane tickets to go back home.

Chen Pingsheng stayed in Shanghai alone, mainly because he still had a lot of things to take care of.

……

Tong Zhelan invited him to dinner at the Peace Hotel on the banks of the Huangpu River.

This restaurant has quite a story.

Legend has it that in the old days of Shanghai, no matter who you were or what you did, you could get away with anything.

As long as he enters the Peace Hotel, his peace will be guaranteed.

The owner here is rumored to be Du Yuesheng, one of the three most famous tycoons in Shanghai.

The Peace Hotel has now become a landmark building on Nanjing Road.

Both Chinese and Western food are available, and the starting price for a night's stay is 1,800 yuan.

Tong Zhelan booked a large private room upstairs and ordered several of the most distinctive local dishes.

Examples include braised lion's head meatballs and pigeon soup with cordyceps flowers.

As soon as Chen Pingsheng arrived, Tong Zhelan began introducing the people inside.

Sitting next to her was Shen Nanpeng, the most famous angel investor in Shanghai.

On the other side is a third-generation member of a wealthy family in Hong Kong.

Hong Kong is different from the mainland; the mainland's real rise to prominence began in the 1990s.

At most, it's been taken over by the second generation.

It never even reached the third generation. In Hong Kong, it was different; they started to prosper in the 1950s and 60s.

The three most famous industries in Hong Kong are shipping, finance, and real estate.

Chen Pingsheng knew these things because he learned them in the CEO training program.

The main reason Tong Zhelan invited him over this time was to discuss the listing of Tencent Entertainment.

Charlotte was released on September 30th, and has already accumulated nearly 1 billion yuan in box office revenue. It is estimated that the final box office revenue will likely be around 2 billion yuan.

These are not the focus of the discussion.

The key point is that Tencent Entertainment's financial report this year is too impressive.

These people are saying the valuation is 120 billion.

He gave up 30% of his shares, valued at 3.6 billion.

Tencent Entertainment will release its financial report for this year after it goes public.

Based on this year's financial report, it's only a matter of time before Tencent Entertainment's stock price reaches 30 billion.

The situation is now quite clear: Chen Pingsheng is giving up 30% of his shares at a low price for others to take over.

They were in charge of manipulating the stock price, quickly pushing Tencent's share price to over 30 billion after its listing.

Tong Zhelan learned her lesson from the last time she bought Bobo Milk Tea.

After the company went public, it was ignored, and some people with ulterior motives dumped the stock price, causing it to plummet to half its original value.

This time it's different; Tencent Entertainment's financial report is exceptionally strong.

They should all work together to manipulate the stock price, pushing it to 30 billion before considering selling.

In this way, anyone can make a lot of money quickly.

Chen Pingsheng naturally had no objections; he was overjoyed that someone was helping him boost the stock price.

After all, they only get a small share; he himself is the biggest beneficiary.

Thus, an agreement was reached.

Tencent Entertainment's financial statements are without any problems; in the three years since its establishment, there has never been a year in which its profit was less than 500 million.

This year, it is expected to reach around 15 billion.

Based on Hong Kong's market capitalization, this profit should correspond to a valuation of around 225 billion.

It's important to know that the valuation standard for Hong Kong's IPOs is generally around 15 times the annual profit.

By this standard, 120 billion is clearly an extremely low price.

This is why everyone promised him that they would push Tencent Entertainment's market value to 30 billion.

After signing the contract, Chen Pingsheng transferred his 30% stake.

They obtained 3.6 billion yuan in funding.

Because of this agreement, Tong Zhelan is now completely unwilling to give up her shares in Tengying.

Wouldn't it be better to wait until it goes public smoothly and reaches 30 billion before considering cashing out?

Anyway, it will only take about six months.

After he transfers these shares, he no longer needs to worry about the remaining listing process.

It will be completed by Tong Zhelan and Shen Nanpeng together.

As one of the top angel investors in Shanghai, there's no doubt about his capabilities.

The main reason is that Tencent Pictures' financial report is too strong, far exceeding that of Huayi Brothers, the leading stock in the film industry.

Other companies have over 80 billion, while his is only 12 billion. What's so difficult about going public?
The issue price will likely be around 24 billion, and Chen Pingsheng doesn't need to worry about that.

Anyway, someone else spent over 3 billion to take over 30% of the shares from him.

Of course, they need to make money.

Before any company goes public, there are all sorts of vested interests involved.

It's mainly investors.

This is normal.

Chen Pingsheng stayed there until 9 p.m. before leaving.

Without a doubt, Tencent Entertainment has always been his most valuable project.

After receiving the 3.6 billion, he suddenly had 3.8 billion in his hands.

Seriously, I'm starting to forget how to do it.

Looking at his cold, hard 3.8 billion yuan in savings, he wondered what dreams he should have in life.

It's quite painful.

I went to the Bund and enjoyed the cool breeze for half an hour. I saw a beggar and generously gave him ten yuan.

I saw a guy on the roadside begging his girlfriend not to leave him.

But he still turned around and got into an entry-level Porsche 718.

After becoming too rich, I suddenly forgot what my dreams were.

When you're broke, you can't keep the women you like.

Sigh... Chen Pingsheng felt that in this life, nothing is worse than being broke.

Three billion eight billion, cold and hard.

The key point is that he also owns 60% of Tengying shares.

After it went public, the stock price reached 30 billion.

The entry-level billionaire family I once longed for.

It seems like it's within easy reach.

When you become this rich, you suddenly don't know what to do with your money.

The following day, shocking news broke in the entertainment industry.

Tencent Entertainment is valued at 120 billion yuan.

The company founder completed the IPO and successfully cashed out 3.6 billion yuan.

He instantly became a well-known bigwig in the entertainment industry.

The kind of person who can't even spend all their money.

She also became a big shot that countless newly-entered school beauties dreamed of currying favor with.

If I had to describe Chen Pingsheng's current status in the entertainment industry in one sentence...

That means he could sleep with any number of top female celebrities if he wanted to.

Over 80% of female celebrities in the entertainment industry, regardless of whether they have husbands or not, would agree to a pole dance before bed if he beckoned to them.

Standing, kneeling, or carrying a whip.

They're all fine as long as you like them.

This is the influence that Tencent Video has in the entertainment industry today.

He's a true tycoon now.

With a company worth tens of billions, female celebrities have gone from being a scarce resource to an easily accessible public resource.

Chen Pingsheng was confused for a day or two.

When he really couldn't figure out how to spend the billions, he took a plane to visit his wife, Song Yanxi.

(End of this chapter)