The Birth of Shanghai's First Conglomerate

After dropping off the big kid.

Chen Pingsheng took the little girl to work at the company again.

It's already September 10th, but in Shanghai, autumn still feels no different from summer.

It's still unbearably hot.

He was still driving his own Phantom with a starry sky roof, which was not only incredibly stable but also exuded an unparalleled aura of power.

Once they arrived at the headquarters building, Chen Bufan was already standing at the entrance as a security guard, taking his duties very seriously.

Seeing his serious expression, Chen Pingsheng was reminded of the past. Every time he came home, Chen Bufan would stand at the intersection and shout loudly from a distance, "Big brother is back! Big brother is back!"

Perhaps in his heart, he will always be that older brother.

The little girl called out in a clear, crisp voice, "Uncle Bufan."

Chen Bufan scratched his head and grinned foolishly. Not many people within the group knew about their relationship.

Chen Bufan wouldn't deliberately tell others; he would only keep in mind his wife's instructions and what his third aunt had told him.

"Bufan, come to my house for dinner tonight."

Chen Bufan nodded vigorously, and after Chen Pingsheng patted him on the shoulder with a smile, he went to his rooftop office.

Little Pipi probably doesn't realize just how embarrassing it was to show her butt during her live stream yesterday.

After arriving today, I still smiled at everyone I met.

She was wearing a tiny pair of overalls, and she looked so cute and adorable.

The main reason Chen Pingsheng was willing to bring her to work was that she no longer pooped in her pants.

When Zhang Wanyi came over, Chen Pingsheng specifically asked her to assign a female employee to take care of the little girl.

Keep an eye on her and don't let her run around.

"Boss, three film and television groups have already offered high prices to poach directors Shen Teng and Chen Sicheng."

If we're talking about the fastest rising stars in the entertainment industry this year, then it's undoubtedly Shen Teng, Director Chen, and a few others.

One became Stephen Chow's successor and a representative figure of domestic comedy.

He is unparalleled in his talent as a commercial director.

It's not surprising that someone is trying to poach them.

Tencent Entertainment currently has a total market value of 650 billion yuan. The reason it can keep rising is inseparable from the influence of its top figures in the industry.

After thinking for a moment, Chen Pingsheng said, "Have the legal department draft a stock option contract with a term of ten years, and give 2% to Shen Teng, Director Chen, and Wu Jing each."

"You can only cash out after ten years."

Seriously speaking, no company should think it can make all the money by itself.

That would only lead to truly capable people leaving one by one.

No matter which entertainment company the three of them join, they would definitely be able to support a valuation of several billion.

Offering stock options is undoubtedly the best way to retain employees.

Even based on the current market value, 2% is equivalent to 13 billion.

However, it will take ten years before it can be cashed out.

With their influence over ten years, they couldn't have earned so little.

Not only the three of them, Chen Pingsheng also had Zhang Wanyi give Liu Yifei and Bai Lu 1.5 each.

It will also take ten years before it can be cashed out.

The benefit of giving away some shares is that it ensures the long-term stability of these top employees.

Tencent Entertainment's financial report this year is absolutely unique in the entertainment industry.

Without such strong financial results, the stock price wouldn't have been able to reach such a high level.

For him, Tencent Entertainment is now more like a traffic delivery station.

As long as we can retain these top-tier celebrities, we can leverage their influence to support other physical brands.

The income is far more than the shares that were given away.

He will definitely not cash out his shares in Tencent Entertainment in the next five years.

We don't need the money anymore.

The news that Tencent Entertainment gifted shares to its five key figures quickly spread throughout the entertainment industry.

Two percent of the shares may not seem like much, but if you apply that to Tencent's stock price, it becomes a sky-high value of 2 billion.

If Tencent Entertainment can maintain this stock price for ten years, then those shares will be incredibly valuable. Some companies that tried every means to poach talent from Tencent Entertainment have simply disappeared.

Among them, Huayi Brothers and HotTV were the most active in their discussions.

With Tencent Pictures dominating the top three spots in the film industry, it would be a lie to say they aren't worried.

Using every means to poach talent has become their ultimate weapon for overtaking competitors.

It's a pity that Tencent Entertainment has two good things.

One reason is that the boss is very generous, often giving out bonuses of tens of millions of yuan.

Another advantage is freedom; artists who register here are essentially working for themselves.

If there weren't extremely high profits involved, no one would be willing to leave like this.

Don't be fooled by the glamorous appearance of celebrities; they always drive top-of-the-line luxury cars.

Those who truly have a net worth of over a billion are extremely rare.

The stock options that Tencent Entertainment is now offering will undoubtedly create another batch of top-tier celebrities who are among the richest in the entertainment industry.

Besides the two companies trying every means to poach his staff.

Deer Antler Coffee has already begun planning its overseas expansion through its global headquarters in Hong Kong.

He still owns a 20% stake in Deer Antler Coffee.

All of this money can be used for random increases, and he naturally hopes that Deer Antler Coffee will have a better and better future.

Currently, Deer Antler Coffee has a total market value of 260 billion.

Teng Hui Department Store's revenue reached 18 billion, and his personal net worth in terms of shares has already reached around 50 billion.

That's quite an exaggeration.

The group's listed businesses are progressing very steadily.

The main focus now is on developing new businesses on Douyin.

It is confirmed that Douyin will officially launch on September 20th.

Chen Pingsheng has already established Douyin Live Streaming Development Group in Guangzhou.

The team that has been transferred there now has as many as 500 people, including internet celebrities, screenwriters, and a top-notch photography team.

In addition to these, he also transferred all the trainees to Douyin Development Group.

Xin Teng's live streaming on Kuaishou has reached its peak; there's no way to go any further.

The next step is to solidify the company's position and seek future listing opportunities.

On the other hand, they are making a strong push into the Douyin market.

With a tap of his fingers, Chen Pingsheng allocated another 300 million yuan to the Guangzhou Douyin team.

Besides the teams they directly transferred there, they signed whoever quickly rose to prominence on the platform.

Judging from the speed at which Xin Teng's live streaming business is developing, the Douyin team will undoubtedly be his group's next big money-making project.

When a trend emerges, all he has to do is quickly follow it.

The headquarters also held three consecutive days of meetings to determine that the group will focus on Douyin and short dramas as its core development strategy for the next six months.

In addition, a horse racing mechanism will be used to select the top projects that are likely to go public in the future.

Once everything was ready, they had already started rehearsals and planning several months in advance.

We're just waiting for Douyin to officially launch.

The group's business is multifaceted, yet everything is connected by a main thread.

Different development strategies exist at different times.

For example, a super factory for new energy, which has already received an investment of 45 billion yuan, is under construction.

The same applies to the ecological park, as well as the three aspects of batteries, motors and electronic controls, and intelligent driving.

They are all actively recruiting top-tier R&D teams to tackle key challenges.

It's difficult to define success or failure without several years of experience.

At least for now, they are still the most reliable among the new energy vehicle manufacturers.

It also has the highest investment.

(End of this chapter)