The Birth of Shanghai's First Conglomerate

The success of Deer Antler Coffee's IPO.

This has triggered a series of related effects, and many financial experts hope that it will publish a book specifically about Nasdaq's epic speed of listing.

That's impossible, of course.

After all, Chen Pingsheng himself knew very well that the success of Deer Antler Coffee was not something that could be replicated.

It's not a startup brand at all, but a capital brand.

Like Xin Teng Live, it used entrepreneurial resources that outsiders or competitors in the same field could not even imagine when it was first launched.

The success of Deer Antler Coffee has not only boosted its own business.

This also boosted the wealth of the richest female celebrities in the entertainment industry.

Yang Mi invested in the company and acquired a 5% stake, in addition to holding 5% stock options in Tencent Entertainment.

Previously, he cashed out more than 200 million yuan through Bobo Milk Tea, and now all sorts of other things added up.

She's practically the richest female celebrity in the entertainment industry.

She was a queen before, and now she walks with an even more commanding presence.

Not only did she achieve success, but Tong Zhelan did as well, personally owning 30% of Deer Antler Coffee.

The successful IPO allowed her to cash out 32 billion yuan in one go.

The remaining 12% of shares can only be sold through the stock market after Deer Antler Coffee is officially listed.

Qin Xue, who previously ran a small shop, also achieved financial freedom after joining Deer Antler Coffee for a year.

They've all bought houses in Shanghai and settled down in that bustling metropolis.

As the group grows larger, its cash flow also increases.

Chen Pingsheng was already planning to move.

The fact that officials in the capital were of low rank also meant that there were many officials.

He already has his own group headquarters in both Beijing and Shanghai, so moving is very simple.

To put it bluntly, I still want to go to a place where the financial market is freer.

It's actually quite simple to jump to Shanghai first.

All we need to do is move the older child there to study in fourth grade.

A year ago, he invested most of the group's resources in Shanghai. How could you say he didn't have this idea?

To put it bluntly, there are just too many second- and third-generation rich kids in Beijing.

Money is nothing.

Chen Pingsheng told Song Yanxi about this idea, and to his surprise, she immediately agreed.

To put it bluntly, once a family becomes too wealthy, they will instinctively choose to avoid uncontrollable factors.

Leaving Beijing and choosing Shanghai became an inevitable choice.

Originally, Shuiyunjian's headquarters were also located in Shanghai, and given that their investments here have far exceeded those in Beijing, settling in Shanghai became inevitable.

In this way, the capital city was actually divided into branches.

Not only the Beijing branch, but after Chen Pingsheng flew to Guangzhou, he directly bought a 28-story Grade A office building in Baiyun District for 18 billion yuan.

The floor area is around 2,600 square meters, and there is a huge swimming pool on the roof, which can be used to host private parties.

The signs here are for Tenghui Department Store, Tengsheng Fresh Food, and Feiyangyang, among others.

Buying this building also means that he owns his group headquarters in three top-tier cities.

Shenzhen and Guangzhou are very close, so there's absolutely no need to buy a property there.

At the same time, he moved Tengchao Commercial Management, which has more than 20 billion yuan in commercial assets, directly to Hong Kong.

The registered address is still overseas.

At his level, the security of his assets would inevitably be a consideration.

Moving the group's high-quality assets to Hong Kong is clearly safer.

Even after spending the 18 billion on the building, he still has 35 billion in cash in his account.

Tenghui Department Store, a money-making giant, now owns 32 hypermarkets in four major first-tier cities.

Relying solely on its own profits, it has been able to grow rapidly every year.

Chen Pingsheng then injected another 1 billion yuan into Tengsheng Fresh. Once this 1 billion yuan is fully utilized, it will become the number one brand in China for all categories of fresh food.

The number of stores nationwide could reach around 700. At the same time, he allocated 500 million yuan to Tengnong's breeding department in one go, and also spun off this department into an independent entity.

Establish agricultural enterprises specifically focused on agricultural development to support farmers.

Tengnong's headquarters moved to Guangdong to be located alongside Tengsheng Fresh Food.

The two brands support each other and make progress together.

Several snack express stores opened in Shanghai at the end of April. They are very unique and their business is quite good even without much promotion.

Upon seeing it, Chen Pingsheng felt that it had great potential for development.

They simply allocated another 500 million.

To put it bluntly, in the early stages of a company's development, the core competition still revolves around various resources.

Especially funds.

He invested 600 million yuan in the snack industry before it even emerged.

With this amount of funding, they've already left a whole host of small business owners far behind.

You can't even smell his exhaust fumes.

This is the extent of his current influence in traditional industries, far beyond imagination.

Once he discovers a new track in a traditional industry, even if he has to throw money at it, he can quickly surpass the innovators ahead of him.

This was the influence that Tencent had on the internet back then.

He felt that he was getting closer and closer to the traditional field.

"Uncle Chen, your 5 billion yuan has arrived in your account. We have opened over a thousand accounts and will be aggressively repurchasing shares of our group's listed companies next month."

Despite her large bust, Zhang Wanyi wore a white shirt; she still prefers to wear business attire to work.

There was a lot of anxiety in the group recently.

The main reason is that many employees bought their own company stock with their own money, so of course they're happy when the stock price goes up.

It's a pity that the group was doing so well.

The entire market experienced a sharp decline.

All of this stemmed from a recruitment speech Chu Qiuyan gave in Beijing.

Don't be too outrageous.

Under such circumstances, employees who had purchased shares within the group were naturally filled with anxiety.

Fortunately, the successful IPO of Deer Antler Coffee has greatly boosted the confidence of the group's employees.

Given the current pessimistic outlook of the capital market towards Tengying Group, the company's CEO has personally allocated 5 billion yuan to launch a stock buyback program.

It would be a lie to say this isn't exciting.

The advantages of being a secretary also became apparent: you get to follow the big boss's decisions.

There's always a way to earn a little extra on top of your salary.

She even planned to take out several months' salary to buy Tencent Entertainment stock.

Chen Pingsheng nodded, "Try to keep the news hidden for now, and announce it to the market after we have completed the full buyback of this money."

Such a large sum of money was poured into their own three listed companies.

If you're a super-corporation worth hundreds of billions of US dollars, then naturally it's nothing.

However, the combined market value of his three companies is no more than 250 billion.

Even a 5 billion investment can forcefully drive up the stock price.

Controlling the news only delays the rise in stock price.

When buying stocks, you'll naturally make more profit when the price is low.

Even if these companies are all his own, the prerequisite is that he has to make money first.

Why not use that 5 billion to do something else?

He has invested more than 8 billion yuan into the market this time, whether it is Tengsheng Fresh or the newly established Snack Run.

They can all achieve a leading position in the future; that's the benefit of capital.

(End of this chapter)