The Birth of Shanghai's First Conglomerate

Don't know when it started.

A saying has become popular in society: it's becoming increasingly difficult for children from poor families to achieve success.

I still remember five years ago, it was an era of mass innovation and entrepreneurship.

Success literature has become incredibly popular across the country.

This has only been a few years.

Few people talk about starting a business anymore, and innovation is confined to a few mega-corporations.

Among the universities' spring recruitment drive, Tencent Film Group undoubtedly stood out as the most prominent player.

The main reason is that the interns there are paid very well.

It can be said that as long as you can get into Tencent, your social status and starting point will be at least three levels higher than others.

In such a situation, tens of thousands of students should prepare at least three months in advance.

As for Chu Qiuyan's arrival, let's not even talk about who she'll be recruiting.

They directly stated three things they wouldn't do, breaking down the boundaries of fairness for everyone in one fell swoop.

This left those who had made meticulous preparations feeling extremely disappointed, and even angry.

Because she completely abandoned HR personnel assessments.

The first step was to conduct a preliminary investigation.

Those who meet the criteria of being born into poverty can be directly admitted to Tencent Film Academy.

What will the students in the capital think of this?
Fairness throughout history has never favored those from humble backgrounds.

It's fair to say that on the very day the job posting was released, tens of thousands of complaints and criticisms surfaced online.

The reason is that Tencent Games broke the boundaries of fairness.

It resulted in these local students in the capital being treated unfairly.

It can be said that when a company grows large, its behavior is subject to many constraints.

For example, this recruitment.

No one would approach Chu Qiuyan to discuss anything; she was, at best, just an executor.

What everyone is really looking for is Chen Pingsheng.

Unsurprisingly, he was invited for questioning several times, and the matter caused quite a stir.

The implication is that they hope he can open up some registration slots for the Beijing portal.

The difficulty of finding employment is not just a saying.

Under such circumstances, no matter how much pressure Chen Pingsheng resisted, he still managed to open up two hundred more slots in the capital.

In addition to the original plan of 1,200 people, we will recruit another 200.

No company can withstand the reputation of looking down on local Beijing students, and he was no exception.

However, Tengying still tries its best to give more opportunities to college students from poor families who really have difficulty finding jobs.

To put it bluntly, they are the children of farmers.

During the university's spring recruitment season, Tencent Film mobilized resources to completely remove most of the news from the internet.

There are some things you can know, but you should never say them out in the open.

That can easily lead to a conflict between two emotions.

Among so many Fortune 500 companies, none dare to stir up such opposing sentiments on this land.

Teng Ying is even less likely to do so.

Fortunately, he handled the situation promptly and effectively; otherwise, the consequences would have been severe.

As soon as the news broke, the stock prices of all Tencent-related companies plummeted.

Even Tencent Entertainment, which had been experiencing a very promising surge, saw its stock price plummet.

The capital market has a very keen sense of smell.

When it senses that you are trying to break some dangerous rules, its instinct is to abandon you ruthlessly.

This blow not only served as a wake-up call for Chen Pingsheng, but also for Chu Qiuyan, who was wholeheartedly trying to help someone from a similar background.

Another heavy punch followed.

If you're a small business, it's fine for you to do this.

The key is that you are a super-large group that attracts nationwide attention, which means you have to consider the influence behind your decisions. To minimize the buzz, Chen Pingsheng did not attend the welcoming ceremony for these farmers' children.

They didn't hand out the money on-site.

It can only be said that the development of enterprises is not easy.

The same applies to the children of farmers.

……

Shanghai, headquarters building.

Chang Fu brought Qiao Mei and the others to see Chen Pingsheng.

Outsiders rarely see him appear in public; he is the mysterious big boss of Tengying Group and an angel investor.

He only shows a hint of his helplessness in front of people he knows well.

"Old Chen, Gao Hu called me a couple of days ago and said that the stock price of Boiling Sheep has plummeted. He asked me to go and comfort him. Screw him."

“He called me too. Even though Boiling Sheep has already gone public, he’s still as impulsive and energetic as ever.”

Chen Pingsheng sat on the simple white sofa, "This is just the beginning. It will probably stay this low for a long time."

"Damn it, what's going on here?"

Chang Fu retorted, "Is it because Xiao Chu went to Peking University and said they don't admit people with family backgrounds?"

"You do not understand."

Chen Pingsheng said, "There are some things you can do quietly, but you can't say them out in public. Chu Qiuyan herself feels guilty. Bobo Milk Tea's order volume has increased by about 40% during this period, which shows that what she said still received support from countless ordinary people. However, Bobo Milk Tea's stock price has hit the seventh consecutive daily limit down today."

Chang Fu: "This is too damn damn. We finally managed to go up, and then it just started to fall, and the whole sector is falling sharply."

Fortunately, Xin Teng Live has not yet gone public, otherwise it would have been affected as well.

Because of this kind of warning sign, it will definitely take a long time for the stock price to rise again.

Even if the group's public relations department has already begun comprehensive crisis management, it will still be the same.

This is a rejection from the capital market.

Chang Fu came to see him to report the good news about Xin Teng's live streaming business in its first month.

Total sales reached approximately 3 billion yuan, with net profit of about 160 million yuan.

The revenue is very encouraging, and if this trend continues, the annual net profit is expected to be no less than two billion.

The era of live-streaming e-commerce may very well be just around the corner.

His decision to go to Hong Kong to make early arrangements for the selection of goods in the global market was undoubtedly very correct.

Besides this, Changfu had another matter to attend to.

Didn't Chen Pingsheng borrow more than a dozen top-of-the-line luxury cars from him?
Now all the top streamers under his management are making money, and earning tens of millions a year is a certainty.

Besides, the boss hasn't driven the car much since he bought it.

It all depends on whether we can sell it to them.

The main reason is still the early stages of filming videos. Their personal brands are already deeply associated with those luxury cars. Now, they want to actually buy them under their own names in order to further solidify their fan base.

It just goes to show how incredibly powerful these internet celebrities are at making money. It's only been a short time, and they've already bought all those top-of-the-line luxury cars.

Chen Pingsheng didn't care; they were all his own internet celebrity employees anyway, so he simply offered a 50% discount.

Qiao Mei and the others were very happy.

Having been a major internet celebrity for so many years, it's still very easy for me to scrape together the price of a used luxury car.

Even if you sell all of the dozen or so luxury cars, you'll only recoup around 100 million yuan.

That's how it is with luxury cars; they're easy to buy, but you'll definitely lose a lot of money when you sell them.

It has absolutely no value retention whatsoever.

Affected by this spring recruitment season, the stock price of Tencent Pictures Group plummeted across the board.

In stark contrast to the stock price, offline business saw a comprehensive surge.

It's the capital market that's abandoning them, not ordinary people.

Business is still very stable.

(End of this chapter)