The Birth of Shanghai's First Conglomerate

Chapter 307 Buying a Big Guy

Chen An'an suddenly felt a huge responsibility on her shoulders.

Her father gave her everything she wanted and allowed her to do whatever she wanted, which is how she lived.

No wonder her biological mother came to explain some things.

Perhaps this is the responsibility that comes with gaining something.

Chen An'an raised her little fist fiercely and shouted "Try your best!" three times.

He turned around and lay down.

When I wake up, I raise my little fist and shout "try hard!" four times in a row, as if that's what it means to try hard.

……

Time flies, and the seven-day National Day holiday has passed in the blink of an eye.

Song Yanxi took Chen An'an back to Shanghai to study, while Chen Pingsheng visited the largest lithium iron phosphate battery factory in China, which he had acquired.

Originally a company with huge losses, after a series of adjustments, the car manufacturing part was cut off and transferred to Tengfei New Energy.

It's still a huge loss.

The only advantage is that it has determined its core strategic development direction for the future.

That is, to take breakthroughs in battery technology as a strategic goal.

He personally invests another 5 billion yuan annually in research and development for this company, which has increased the number of R&D personnel in the battery factory from more than 200 people.

The number has increased to more than three thousand.

The cost is that the salaries of R&D personnel alone will increase by 3 billion yuan each year.

Achieving technological breakthroughs is not easy; it requires long-term perseverance, and Chen Pingsheng is very patient.

And they will never give up on pursuing self-developed technologies.

After the battery factory was acquired, it was officially renamed Tende Times.

In addition to cutting its own car manufacturing operations, it also temporarily reduced its production capacity.

In the early stages of new energy development, although there was strong support and subsidies from the government.

The market share is still pitifully small, and it simply cannot absorb such a high production capacity.

Most of the money was concentrated on the research and development team.

Besides the good progress of Tengde Era, Tengying Art School has also officially started producing its own short dramas.

Short dramas are still a new genre, and nobody knows how they'll turn out.

Chen Pingsheng himself was quite optimistic about it; otherwise, he wouldn't have let Tencent Entertainment explore the new track of short dramas.

As for the Douyin team, it was officially named Tengyou Media, and it independently developed its new influencer business in Guangzhou.

In order to better cultivate internet celebrities, it is not only deeply linked with Tencent Entertainment's trainee competition.

They even directly partnered with students at Tencent Film Academy and promoted the influencer track within the academy.

We encourage everyone to shoot short videos.

Chen Pingsheng himself did not expect that his decision would have such an explosive impact.

Ultimately, the main reason he did this was because the entertainment industry is a difficult path.

Out of 5,000 people, only about one in a thousand can become a big star, which is still a very high percentage.

What to do with the remaining 4,000 people? He simply encouraged them to become internet celebrities and make money.

After all, judging from the income of the big internet celebrities on Xin Teng's live streaming platform, it's no less than that of celebrities in the entertainment industry.

This can be seen as him thinking of a decent career path for these young people in advance.

TikTok isn't even considered a minor hit yet, but with all the resources they've poured into it, it's poised to take a huge leap forward.

After returning to Shanghai from his trip to Guangzhou, Chen Pingsheng received another call from Teacher Ma.

The two had previously collaborated on fresh produce, but this time Mr. Ma personally contacted them regarding investing in Tencent Entertainment.

There's no way around it, Tencent Entertainment is just too strong now.

It's no exaggeration to say that it accounts for half of the entertainment industry; whichever side it leans towards, that video website will get priority in development.

Another key factor is that Xin Teng's live streaming has also taken off, and he is very strong in the field of live commerce.

That's why Teacher Ma personally called to seek an investment opportunity.

After thinking it over, Chen Pingsheng agreed to his request to invest, but the price was relatively high.

Based on a market capitalization of 80 billion, only 10% is being sold.

Ultimately, it's because Alibaba also has the resources he needs. He wants to go further in the live-streaming e-commerce field, and cooperating with Alibaba is almost inevitable.

He is no longer short of money, and all his collaborations are based on resource exchange.

By bringing in Alibaba, a behemoth, Tencent Entertainment has truly established a firm foothold in the entertainment industry.

Its foundation is so deep that outsiders can't even imagine it.

Other entertainment companies would be amazed when they saw this. The two officially signed a cooperation agreement on October 15th.

As a result, Chen Pingsheng joined the top Zhejiang business group in China, which was naturally headed by Teacher Ma.

After receiving the 8 billion yuan, he allocated another 1 billion yuan to Tengnong Livestock.

With the absorption of one billion yuan in funds, Tengnong Livestock has been able to cover most of Wang County, benefiting 100,000 households.

Chen Pingsheng felt he had done another great thing. In addition, he also allocated 1 billion yuan to the Dream Realization Fund.

Further expand investment share.

Of the remaining six billion yuan, half was allocated to new energy, increasing funding for intelligent research and development there.

Chen Pingsheng used the remaining half to improve his life.

As the group's business grows, he now has to fly around frequently.

Buying a private jet would be very necessary.

Chen Pingsheng selected a brand-new Boeing BBJ MAX7 from among the aircraft industry recommended by a friend.

The price is as high as 98 million US dollars, and the actual cost is around 700 million.

It has a very spacious and configurable interior that can accommodate more than eighteen passengers.

It can reach a speed of 1,000 kilometers per hour and has a range of 13,000 kilometers.

With such a large aircraft, flying around in the air would be much easier.

Unlike superyachts, which take three or four years to arrive, this kind of purchase can be transported back to Shanghai in just three to six months.

A must-have for the super-rich.

From now on, you can just take this bus to Hong Kong; it won't even take three hours.

These days, people spend money for convenience.

As if he had done something trivial, Chen Pingsheng turned off the computer after selecting the model and internal configuration.

He didn't even tell his wife or his son that he had spent another 700 million to buy a super private jet.

What's it like to have so much money that you can't possibly spend it all? He clearly has it now.

In the short term, it will be difficult to find ways to spend money.

The remaining billions can only lie in the bank earning interest; there's really nothing else like it.

Following this investment, Tengfei New Energy has now invested a total of approximately 50 billion yuan.

This has become his biggest expectation for the future.

The main reason for this is to prepare for the future frenzy of involution.

Chen Pingsheng has always believed that once new energy develops to a certain stage...

What everyone is competing on is technology and development across the entire industry chain.

More importantly, a price war may also be involved.

The more money he spends now, the more comfortable he will live in the future.

It's obvious that he has his own super factory.

Unlike current internet car manufacturers, they don't need to lease from others or large state-owned factories for contract manufacturing.

This undoubtedly represents a significant improvement in cost, and it also gives us a considerable advantage in mastering key technologies.

The only downside is that it invested over 10 billion yuan more.

In addition, he also has his own battery factory, as well as a smart driving R&D team and a core R&D team for key technologies such as motors and electronic controls.

In terms of initial investment, they have truly taken the lead by a wide margin, and that's no exaggeration.

Given his current level of investment, no investor would dare to invest.

The essence of capital is still to achieve big gains with small investments, and it is clear that the path he is taking now is very risky.

It's all about using big numbers to win big.

Instead of taking the cost-saving OEM route, he is determined to invest heavily in the new energy sector.

As families accumulate more wealth, they also place greater emphasis on home security.

Chen Pingsheng increased the annual allocation of 30 million to the task force to 60 million.

The number of security personnel has doubled, and the number of security personnel has increased from twelve to twenty-eight.

These people are there to ensure that their families can live in a safe and worry-free environment.

It wasn't really necessary, but that's how he spent it anyway.

Chen Pingsheng had a clear plan for the future, and he knew that one of his plans would inevitably have to be brought forward.

The family's century-long asset plan has been completed ahead of schedule, and the next step will definitely be to focus on cultivating the future successor of the group.

(End of this chapter)