The Birth of Shanghai's First Conglomerate

Leveraging the influence of Tencent Entertainment.

The press conference for Tengfei's launch still dominated the headlines and financial lists the very next day.

Even though the car won't be ready for production for several more years, that doesn't stop him from starting to advertise now.

As of June 10th, Chen Pingsheng had invested a total of 23 billion yuan in Tengfei New Energy Vehicle Manufacturing.

The construction of the super factory cost 12 billion yuan, and the acquisition of Aotema cost 5.5 billion yuan.

These two items alone would amount to 175 billion.

Furthermore, a total of 4 billion yuan has been planned for the Tengfei Ecological Industrial Park.

It will be used to build a headquarters industrial park covering 100 acres.

All investments were made without any loans; they were all paid in full at once.

After Aotema acquired the company, it directly allocated 12.5 billion yuan for battery research and development in the first quarter.

It is specifically designed to break through existing battery technology.

From now on, more than one billion will be allocated every quarter, which will amount to five billion over four quarters a year.

It will only increase, not decrease.

He only established Tengfei New Energy a short time ago, and he's already spent 23 billion yuan, leaving only about 1 billion yuan.

This money is specifically used to recruit headquarters staff.

……

Chen Pingsheng, who spends money without limit.

Not only did it baffle the entire group, but even his wife, Song Yanxi, couldn't understand it.

This investment is too high, it's almost frightening.

This isn't just "some," it's quite frightening.

The man makes all the important decisions in the family, so Song Yanxi has no say in anything.

In June 2016, there was another important matter to be done in the capital.

That was the Shuiyun Academy, a two-year program, and the first cohort of students graduated.

On this important day, Chen Pingsheng naturally had to come and attend their graduation ceremony.

The first batch of trainees recruited a total of one thousand people, and two years later, eight hundred and sixty people remained.

Those with fewer openings were mostly dismissed for various reasons.

After the graduation ceremony here, more than 30 Shuiyunjian hotels in Shanghai will open on the same day.

Chen Pingsheng, who has achieved great things in his middle age, drove his Phantom to attend the graduation ceremony of the first class of students at Shuiyunjian.

It was so lively!

His wife, Song Yanxi, stood on the stage like a goddess and gave a speech, which was also a sincere blessing to these students.

Before they knew it, it had been almost four years since they opened Shuiyunjian.

From initially leasing the academy's headquarters, to now spending 6.8 million to buy the entire area.

This also signifies the changes their family has undergone over the years.

It can only be said that as times progress, their family also progresses.

Having reached this point, Chen Pingsheng is no longer most proud of how much money Shuiyunjian can make.

Instead, these rural girls, once they come to his platform, can quickly become high-income earners with an annual salary of over 500,000 yuan.

The satisfaction derived from this achievement is hard to describe.

"I'm leaving my final moments to my husband, who is also the one who truly founded Shuiyunjian."

Despite agreeing not to go on stage, Song Yanxi still called him up.

A grown man is giving a speech to hundreds of young girls, looking at their adoring eyes.

Who understands this feeling?

Even though graduation was approaching, Chen Pingsheng had never given a speech at Shuiyun Academy, mainly because he felt it wasn't very meaningful.

Now that graduation is approaching, it is indeed time to offer them our sincerest blessings.

The applause from the audience was enthusiastic. Song Yanxi, the CEO of Shuiyunjian, kept winking at him.

He was gestured to speak more carefully, as so many people were watching.

In the early stages of its development, Shuiyunjian did indeed bring him a lot of benefits.

It's fair to say that without this platform, he wouldn't have been able to develop the group to this extent in just a few years.

Looking into the most sincere eyes of the young girls below the stage, Chen Pingsheng said, "It was probably around 13 when my sister Chen Qi came over and told me that the beauty industry was extremely profitable."

"At that time, I didn't really understand. When I heard the word 'profiteering,' I simply had my wife get a membership card at a nearby beauty salon and go for beauty treatments every day."

"Actually, it's about learning from others."

"Don't be fooled by the current managers of Shuiyunjian. They drive Ferraris or Porsche Panameras. When I first picked them up in a Brabus V-Class, they were all very nervous sitting in that car."

"I just felt that this amateur boss seemed to be incredibly rich."

“Including Zhou Chun, who now has three Ferraris, when she first came here, she was just like you, carrying a bucket and two quilts when she joined us.”

"From the earliest makeshift team to the current top-tier luxury beauty brand in China, I have always believed that I have only done three things right."

Chen Pingsheng gestured and summarized, "The first thing is to invest at least 20 million yuan in the six months of pre-job training for employees."

"It has given me a group of outstanding employees whose overall quality far surpasses that of others in the industry."

"The second thing is that I received eight raises in total."

"According to the statistics of the finance department as of today, the average annual income of ordinary employees who have been officially employed by Shuiyunjian for less than a year is between 350,000 and 450,000 yuan."

"Those who have been employed for more than a year generally earn an annual salary of over 500,000."

"The significance of Shuiyunjian's eight salary increases lies in the fact that no competitor has ever been able to poach our employees."

“A competitor in Shanghai once offered a high salary of three million yuan per year to poach the store manager of our flagship store.”

"Guess what the store manager said? She said, 'Don't scare me. If my annual salary is only three million, I'll definitely be squeezed out of the store manager position by someone else.'"

"In the beauty industry, staff turnover is extremely high. Often, an employee will leave after working at a store for two or three months, which leads to great dissatisfaction among customers."

“But when you go to Shuiyunjian, you’ll know that the same people who owned the shop three years ago will still be there three years later. No matter how high the housing prices in Beijing are, they can still afford it.”

"In the service industry, the long-term stability of employees means that customers are particularly stable."

"Even if a store with similar services opens up next door, and the price of the same service is less than half of ours, that customer will still be willing to stay at Shuiyunjian after experiencing it once."

"Because our employee truly treats the store as her home, and she takes great care of the customers there as if they were family."

"This is the core reason why our Shuiyunjian is developing better and better."

"I firmly believe that the best investment a company can make is in its employees."

"As for the third right thing, it is to establish Shuiyun Academy and allocate 500 million to support your learning and growth for two years."

"It can be said that before each of you entered Shuiyunjian and officially created value for Shuiyunjian, I spent 590,000 on each of you."

"This is incredible, even incomprehensible, to the entire industry, and no one in the industry dares to imitate it."

The young women in the audience were all moved to tears.

It must be said that these two years at Shuiyun Academy were not only a time of learning skills in my youth, but also the best two years of my life.

The academy regularly invites you to the most upscale restaurants in Beijing during holidays, and also introduces you to the history of Beijing at famous historical sites.

They will also teach them how to be good people, and how to love themselves and their parents.

Step by step, I've gone from the confusion of adolescence to now being full of expectations for the future.

This is not something that a simple college can accomplish.

Instead, Chen Pingsheng actually invested 590,000 yuan in each of them.

Education is intangible, but its costs are reflected in many aspects.

Without this investment, how could they earn a high salary of three or four hundred thousand yuan as soon as they enter the workforce?

"To this day, I still believe that what truly drives the rapid development of a company is the core values ​​of the boss or even key figures."

"Our core mission at Shuiyunjian is to enable everyone who enters Shuiyunjian to realize their dreams."

"To create a truly luxurious women's beauty and wellness brand that shares prosperity with its employees." (End of Chapter)