The Birth of Shanghai's First Conglomerate

There are ways to live when you have a lot of money, and there are ways to live when you have little money.

But some people are just not content with mediocrity, even though they only have so much ability.

This has led to many tragedies or bad things happening.

Take Yang Kang's family as an example. You might say that the couple couldn't make a living with just over 10,000 yuan a month.

What about rural couples?
Ultimately, Zhang Cuicui may have resigned herself to her fate, but she didn't want her daughter to suffer the same fate.

In this society, countless people are shouting for their children to win at the starting line, but how many starting lines are there?
For Zhang Cuicui, perhaps all she wanted to do from the beginning was attend a decent school.

Later, I discovered that all my classmates were attending various tutoring classes.

She couldn't neglect her own daughter either.

Over time, once this feeling takes hold, the family's meager income simply isn't enough to cover their expenses.

She also tried to do a regular job, working more than ten hours a day.

He only makes a pitiful three thousand yuan a month.

Countless agonizing nights eventually led him astray.

Perhaps this is her fate; at least, that's what Zhang Cuicui herself thinks.

She didn't care as long as her daughter could succeed.

She just didn't expect that something so serious would happen.

That night, what I thought about most wasn't that I would lose face, but what if her daughter found out?
Will she still acknowledge herself as her despicable mother?

It's hard to explain, which is why she always had a listless look in her eyes.

Zhang Cuicui burst into tears the moment she saw her innocent daughter.

No matter what she did, she was ultimately a mother.

Yang Kang, unsure how to comfort her, simply told her that she no longer needed to live in Hangzhou and could move to Shanghai.

The subtext of this statement is: start life anew.

It's a very simple statement, but with housing prices in Shanghai, it's not something an ordinary couple can just move out of.

Yang Kang explained that it was because of his old classmate from junior high school, his older brother.

My older brother is offering him this condition now.

Zhang Cuicui seemed to have thought of something, and she cried even harder.

Yang Kang has been unreliable for so many years, but now that his family is in trouble, he has finally been reliable for once.

Zhang Cuicui once used her own money to support his business ventures, but it ended in failure after failure.

She never considered whether this man would divorce her if he succeeded in his business.

What she thought about most was that this was her daughter's father.

Over the years, the two have gone through the initial stages of falling in love and getting married.

The family fell into hardship, and the child was born.

Then their relationship broke down, and his wife, struggling to make ends meet, turned to prostitution.

This series of changes is perhaps the inescapable fate of most ordinary couples!

……

A villa in Shanghai.

Some people worry about basic necessities like food and fuel, while others think about how to improve their social status every day.

Chen Pingsheng has reached this point. If his social status were truly high enough, he wouldn't have needed to move from Beijing to Shanghai.

He simply has an influence that is unimaginable to ordinary people; he does not possess irreplaceable scarcity at the top level.

When Song Yanxi heard about Yang Kang's family, she was deeply saddened.

There's no one else who would go to such lengths for their child.

For an ordinary couple, even a penny can be a stumbling block.

It's not like she hasn't experienced it before.

"Honey, do you think Yang Kang will get a divorce?"

"Who knows? I doubt it."

Chen Pingsheng said, "No matter what Zhang Cuicui does, she still uses all the money she earns to support her family. Now the situation is hard to predict."

“That’s true.” Song Yanxi thought for a moment and said, “If they don’t get a divorce, I’ll let Zhang Cuicui work at Shuiyunjian.”

"OK."

Chen Pingsheng nodded, "You see, many bosses have said over the years that they can't pay their employees high wages, but they don't think about what low income means to a family."

"Yes, now every time I go to Shuiyunjian or go out, I hear people say respectful things. Honey, you've been right all these years."

Song Yanxi was referring to the eight improvements made to the employee benefits at Shuiyunjian.

"Whether it's right or wrong isn't for us to judge; what we need to do is get employees to genuinely agree with it."

Chen Pingsheng added, "After I sold 10% of my shares in Tengying Entertainment, Alibaba sent two more executives to talk to me about acquiring Tengsheng Fresh. These major internet companies are bound to start a fierce battle in the vegetable selling sector."

"You really want to sell it for $12 billion?" Song Yanxi asked him curiously. "Sell it, why wouldn't I?"

Chen Pingsheng said, "These past few years have been a crucial period for our family's economic transformation. Some asset reallocation was inevitable. Internet giants have money. If it weren't for the fact that they all want to enter the vegetable selling field, Tengsheng Fresh wouldn't be worth this price."

Song Yanxi thought about it and realized that her family had no debts and no bank loans to use as collateral.

In terms of asset disposal, they will have a clear advantage.

You can negotiate with these major internet companies with ease; there's no way they'll try to lower the price.

The $12 billion is firmly under control; not a single penny can be less.

Chen Pingsheng mainly wants to use this money to invest in the subsequent research and development of artificial intelligence, as well as batteries and motors.

Others are investing 10 billion in new energy, he has already invested 30 billion, and is planning to invest another 40 billion. There's no reason why he can't build a good car.

It can only be said that he started in this field a bit late. If he doesn't invest more money, how can he surpass his competitors?

And then there are the big names who are eager to make their move.

It has to be said that major internet companies are really willing to spend money when acquiring the important resources they want.

The vegetable sales sector is too crucial; Alibaba and Meituan are determined to succeed in it.

If acquiring a bike-sharing company can cost 16 billion yuan, then this is even more significant for the country's largest fresh food retail brand.

This was the first time Chen Pingsheng had met the legendary Teacher Ma.

In front of numerous reporters, the two signed the largest single acquisition in the fresh food industry to date.

The deal was completed for $12 billion, down to the last penny.

Teacher Ma not only took a liking to Tengsheng Fresh Food, but also to Tengying Entertainment and Snack Run in his possession.

Unfortunately, Chen Pingsheng, who is already flush with cash, has no intention of selling off any more of the group's assets in the near future.

The exchange rate between the RMB and the US dollar is approximately 1:7.2.

12 billion US dollars is equivalent to about 86 billion RMB.

This is also the largest single asset that Tengying Group has sold directly.

He personally invested a total of 18 billion yuan in this fresh food brand, and Tengsheng Fruit also invested a portion.

The shares were diluted to only 10%.

Remove all costs, and the net investment over the years.

"Ding! Your accumulated income for today is 61 billion. Would you like to activate random multiplier?"

This was definitely his biggest single income.

Chen Pingsheng started without hesitation, which is also the main reason why he insisted on selling Tengsheng Fresh.

The golden die kept shaking and finally landed on the number three.

One second, two seconds, a full eight minutes later.

He just received a text message from his bank account confirming the arrival of 183 billion yuan.

Chen Pingsheng even suspected that the "Golden Finger Grandpa" had laundered the money before transferring it to him.

One hundred and eighty-three billion, and eighty-two billion of that went to his wife.

All we need to do is give Tengsheng Fruit an additional 8.2 million.

Selling assets is a normal business practice for any large corporation.

But for the store managers and employees who have been fighting alongside you from the very beginning, it is undoubtedly a huge betrayal.

Tengsheng Fresh has 700 stores nationwide and 15,000 employees.

Chen Pingsheng directly took out 1.5 billion yuan to give as bonuses to the employees he had sold off.

This is part of the reason why he is not recognized by the capital market.

Why give employees bonuses when the company has already been sold off? After all, those employees are no longer the company's own.

If 1.5 billion is put out, it means that every employee of Tengsheng Fresh can basically receive 100,000.

In addition, he took out another 300 million yuan to be shared equally among the senior executives of Tengsheng Fresh.

The seven top executives each received ten million, leaving more than sixty regional executives.

They all received approximately 350 million.

Regardless, this is Tencent's recognition of everyone's joint efforts and hard work over the years.

The news caused an uproar among major media outlets.

I have never heard of a group selling off its assets and then using over a billion yuan to pay its employees.

Not to mention that even the grassroots employees each received 100,000 yuan.

This is undoubtedly an outrageous figure.

It also symbolizes the greatest human touch a company can show in handling its own assets.

It can only be said that the current Tencent Group's every move is attracting a lot of attention from the financial and capital markets.

(End of this chapter)