The Birth of Shanghai's First Conglomerate

Devil
The night was brightly lit, a dazzling display of colors.

The name "city that never sleeps" may date back to before the Republic of China era.

Chu Qiuyan, dressed in a thin business suit, boarded a cruise ship on the Bund with her college best friend.

Zhao Feifei, Han Jia, and Xu Qin.

The original four owners of Bobo Milk Tea were a group of four college students who lived in the same dormitory.

Just one or two years later, their life trajectories have changed drastically.

Zhao Feifei acquired a small share of the company and achieved financial freedom.

Chu Qiuyan goes without saying; she's the absolute idol of ordinary college students.

A goddess-level figure.

As for Han Jia and Xu Qin, they each took several million yuan when they left.

They thought they had gotten a great deal, only to find that they had missed an even bigger opportunity.

Although the four of them were on the same cruise ship, Chu Qiuyan was clearly the one in charge.

"Qiuyan, the big boss is really good to you. He even put you in charge of the recruitment in Shanghai in June."

"Yes, we can't guess what Uncle Chen is thinking."

Chu Qiuyan said with great emotion, "The group was mired in a quagmire for two months because of me. Now that we have finally emerged from the smog, our principles remain unchanged. Perhaps the fault lies not with me, but with this era."

No one understood Chu Qiuyan's suffering over the past two months better than Zhao Feifei. She said, "The worst thing you could do was not to talk about those things in Beijing. Shanghai is much better. Although the air is filled with the smell of money, at least it's much freer."

"Although this city is a bustling metropolis with endless prosperity, Uncle Chen always manages to stand firm and not be inferior to others."

"We were born in the best of times, or perhaps the worst of times; who can say for sure?"

After Chu Qiuyan sighed a couple more times, several college students nearby recognized her and came over to ask for photos.

Her joy was palpable; she was delighted to have met a generation of entrepreneurial goddesses from her university days on the Bund.

Who wouldn't be excited?

Chu Qiuyan smiled at them gently, just as she had always done.

All we did along the way was take photos.

……

The next day, it was the end of May.

Chen Pingsheng, having nothing else to do, drove his Phantom to Xinteng Live, where Chang Fu was located.

His wife, Yang Qian, gave birth almost a month ago, and his parents are now at home taking care of their daughter-in-law and grandson.

Changfu himself also goes home to take care of his child every day after get off work. He is almost thirty-five years old before becoming a father.

You have to balance family and career no matter what.

Xin Teng Live not only has its headquarters in Shanghai, but also has live streaming business centers in Beijing, Guangzhou, Shacheng and other places.

The number of female streamers under Xin Teng's guild has exceeded one thousand.

There are more than ten top streamers with over ten million followers.

Three of them were eliminated from the trainee competition.

Watching Xin Teng's rapidly improving live streams, Chen Pingsheng felt that live-streaming e-commerce was only just beginning.

Short videos are bound to have an even bigger boom coming.

Xin Teng Live has grown so fast that even Chen Pingsheng, who has always focused on the rapid development of traditional industries, finds it somewhat unbelievable.

If the short video and live streaming industry continues to develop like this, who knows what the future will hold!
The big boss arrived, and the top internet celebrities on Xin Teng's live stream were incredibly excited.

Qiao Mei, who became famous for her good looks and sassy dance moves, was served tea and water by Mingming.

Changfu asked them to sit down, as he and his brother clearly had more to talk about.

"Old Chen, I seriously doubt that investing over 10 billion yuan in new energy is a thankless task. Look how hot the live streaming industry is."

Chang Fu's view was not surprising at all. After all, in terms of making money alone, apart from Shuiyunjian, Tengying Entertainment was the only one in the group that could compare with his company.

The key is that Xin Teng's live streaming requires little investment but yields high returns.

How much money did they spend in total? Tong Zhelan got 900 million just for buying 30% of the shares here.

In less than two months since its establishment, it has earned 700 million.

There is truly no one who can compare to him.

Chen Pingsheng laughed and said, "I've noticed you're getting a bit arrogant. Don't forget who you are just because you've made a little money."

If anyone else had said this to Changfu, he would have definitely turned around and kicked them out.

Chen Pingsheng said that, but he definitely wouldn't.

It's mainly Old Chen's fault; the richer he gets, the more low-key he becomes. If he wanted to show off, he could do it with ease.

"There's definitely a little bit of expansion."

Changfu brewed him tea. "You don't know this industry. It's completely dominated by young people. If you had to pick the fastest way to get rich in China right now, I would definitely say it's short videos. Look at those young people online. They become famous overnight because of a song or a dance. They can earn hundreds of thousands or even millions of yuan in just one night of live streaming. Who would have dared to imagine that before?"

"I really don't dare to think about it."

Chen Pingsheng said, "I came here today to tell you something. I met someone last year who is also working on a short video platform. He is making rapid progress in the field of news and information distribution. His platform is still in the public beta stage and is expected to be officially launched to the market in September this year."

"Who is it that you take this so seriously, and even came all the way here to remind me?"

Chang Fu asked him curiously.

Chen Pingsheng said, "Zhang Yiming, when he was raising funds before, he quoted seven billion US dollars for his company and projects. He is quite a powerful person. I received news that he will officially launch his short video APP around September. The known name of the APP is Douyin."

"Zhang Yiming?"

Chang Fu thought for a long time, but couldn't remember where he had heard the name before.

Since it was Old Chen who personally reminded him, it was definitely something to pay attention to.

"Old Chen, what do you want me to do?"

"Of course, we should allocate a group of people in advance to prepare."

Chen Pingsheng said, "Do you remember when I first invested in your Xin Teng Live? Actually, at that time I didn't think it had much of a future, but it turns out I was wrong."

"Some things are like that. When you don't quite understand them, you might as well invest some resources and see if there's any surprise."

"The same goes for Douyin, which hasn't been officially announced yet. Its biggest competitor will definitely be Kuaishou Group, which you're currently with."

"Although Xin Teng's live streaming has grown together with Kuaishou, have you ever thought that after Douyin comes out, the two will inevitably clash?"

"Although Kuaishou's current user registration and scale are far beyond Zhang Yiming's reach, what if he wins?"

Chang Fu grinned and sneered, "Old Chen, are you trying to make me a scumbag, two-timing you?"

"It's their business if the big platforms want to fight. If we want to avoid being eliminated by the market, we must make multiple preparations."

Chen Pingsheng said, "When Douyin first came out, its user base was definitely not comparable to Kuaishou's now. Don't use Xin Teng's live streaming name to expand your territory there. Once Kuaishou finds out that your platform's largest live streaming group has secretly gone to another platform, it will definitely affect your traffic here."

"So, I still plan to set up a new company to focus on the development of live streaming on Douyin. You will still take 20% of the shares, but you don't need to invest in it under your own name. I will register a shell company with you in Hong Kong, and we will use this company to develop Douyin from now on."

"Like I said before, regardless of whether there are any promises or not, let's first set up a small company, throw in some resources, and give it a shot."

Chen Pingsheng is a reliable person when it comes to handling matters.

He owns Tencent Entertainment, which controls a significant portion of the resources in the entertainment industry.

If such a platform were to emerge, he would use Tencent Entertainment's resources to suppress it.

Who can be his opponent!
To put it bluntly, he himself is now a major capitalist.

He wants to make some money using your platform, so he will definitely provide you with traffic resources in the early stages.

If we rise up, we can all achieve a win-win situation.

Even if he doesn't recover, he'll only lose a small amount of money.

This is nothing compared to the profits.

Once short videos truly take off, Tencent will definitely get involved.

If this internet giant comes over, he can just do the same thing.

The main reason for separating from Xin Teng Live is that when major platforms are fighting, he won't allow anyone to have their cake and eat it too.

They will definitely be forced to sign a policy requiring them to choose between two options.

When the giant penguins were fighting with Alibaba, that's what they always did.

Planning ahead is essential to reaping the benefits of increased traffic as soon as possible.

Chen Pingsheng made plans in advance mainly because making money through live-streaming e-commerce was one thing.

The key is that it controls the user's time.

This is very important.

Whoever can control users' time on mobile phones controls the traffic.

The significance of traffic is self-evident.

Once he dominates the traffic in the short video field, making a brand popular in the future will be a piece of cake.

It can only be said that he's playing his cards very well.

Before he could take off, he had to plan everything in a comprehensive way.

Only by winning at the beginning can you maintain your position.

(End of this chapter)