The Birth of Shanghai's First Conglomerate

12 month 5 number.

The Huateng battle just over half a month ago.

With three top female celebrities in the entertainment industry being banned one after another, any slight disturbance now can make artists in the industry tremble with fear.

However, this is something that those in power are happy to see.

After all, in the past two weeks, the amount of tax evaded by the entertainment industry has reached 12 billion yuan in cash.

Fan Haomen alone contributed 800 million.

Ten years of working for nothing, I have to start all over again.

This wasn't discovered through investigation; rather, everyone voluntarily submitted the missing documents, fearing they might inadvertently be implicated in the already fierce battle between Huateng and others.

The industry's number one giant, Huayi, and its number two behemoth, Tencent Entertainment, have both made moves, resulting in Huayi quickly losing three of its key female executives.

Tencent Entertainment is no better off.

The group's finances were thoroughly investigated, with the investigation pointing directly at the chairman himself.

The stock price also quickly fell from over 80 billion to over 40 billion.

The drop exceeded 40%, which can be described as devastating.

You thought Huayi had won, but its value quickly plummeted from over 100 billion to over 60 billion.

The decline also exceeded 40%.

After a fierce battle lasting half a month, the two companies' stock prices together evaporated by more than 100 billion yuan.

This shows just how dire the current battle situation is.

Whether there will be a chance for it to rise in the future is unknown. In any case, it has now fallen by the sum of the next five listed entertainment companies.

Huang Zhongshi no longer wanted to fight like this, but what was frightening was that at this level, it was simply beyond his control to stop it.

Too many people want to push him forward, like Xu Pidao and Young Master Yan.

These people have no intention of stopping; what does sacrificing one Chinese translation company matter?

Only by swallowing up the Tencent Group could it truly be described as a snake swallowing an elephant.

A business miracle.

Compared to Tencent Pictures, Huayi Brothers is nothing, and Huang Zhongshi is no match for Chen Pingsheng.

Unfortunately, he himself didn't realize this fact.

If Huayi's stock price falls, then it really has fallen.

Tencent Entertainment has fallen, but it has a series of powerful subsidiaries behind it.

It's not serious enough to cause any serious injury.

This is the real goal of Young Master Yan and Xu Pi.

"If it falls for another three days, Tencent Entertainment's stock price should fall below 40 billion. At this point, we can use a small amount of funds to test Chen Pingsheng's bottom line and see if he will fight to protect the 40 billion base."

"They should protect it."

Young Master Yan said, "Once he fights to the death to protect Tengying Entertainment, we can eat its antler coffee first."

Young Master Yan reached out and used his rook to capture the knight on the chessboard.

Shares of companies in the Tencent Holdings group fell across the board, including Deer Antler Coffee, which is listed on Nasdaq.

This is an extremely high-quality startup.

There are already over 6,000 directly operated coffee shops in China, and countless franchised stores.

Its stock price has now fallen to 150 billion, a drop of more than 40% over this period.

150 billion, far below the actual value of Deer Antler Coffee.

"A feint to the east while attacking in the west is also a good move."

Xu Pi said nonchalantly that a business with revenue of less than tens or hundreds of billions was not worth his time.

It's quite obvious that if Tencent Group, a pretty good company, could really bring it down.

That income is incomparable to tens or hundreds of billions.

"Not only Deer Antler Coffee, but also Boiling Sheep Catering is worth paying attention to. If it weren't for the fact that its employees' salaries are too high and it is not favored by the capital market, its stock price would have broken 30 billion long ago. Now its total stock price is only a mere 6 billion."

"It has to be said that Tengying Group has accumulated quite a few high-quality assets over the years."

If they can acquire a controlling stake in Boiling Sheep, then they can announce salary reductions and layoffs.

Based on the revenue of Boiling Sheep, it wouldn't be a problem for the stock price to quickly rise to 20 billion.

This is like a fat sheep delivered right to your door.

……

12 month 6 number.

The only stocks that plummeted in the otherwise calm stock market were those of Huayi and Tencent Pictures.

On such an ordinary day, thousands of retail investors suddenly appeared and quietly bought up shares of Tencent Entertainment from the secondary market.

If Chen Pingsheng hadn't also pulled this stunt before, it probably would have been quite difficult to detect. The other side started making investments.

Zhang Wanyi, head of the Shanghai headquarters, was on high alert. After receiving a message from the big boss, she immediately began to publicly support the stock price with 3 billion yuan.

To prevent competitors from acquiring too many small-cap stocks in the secondary market.

After a brief fluctuation, Tencent Entertainment's stock price surprisingly saw a slight increase despite such unfavorable circumstances.

This clearly means that the inflow has begun to exceed today's sell-off.

Huang Zhongshi clearly knew that he had become a pawn in someone else's hands, and even if he wanted to join in, he couldn't come up with that much money.

Tencent Entertainment spent billions of dollars to keep the stock price from falling further; where did he get so much money?

If Huayi were still worth over 100 billion, it could easily secure a loan by mortgaging just a small portion of its shares.

Kehua Translation's current stock price is less than 60 billion.

There's still room for further decline, so who would dare to actually invest money in this situation?

Seeing that Belt Bro had abandoned him, he began to frantically buy shares of Tencent Entertainment.

He had no idea that he was being used as a pawn this time.

While both are entertainment industry tycoons, Chen Pingsheng's diversified businesses are far beyond what Huayi Brothers can match.

I didn't expect that after fighting him, he could immediately go on to fight Xu Pipi back and forth.

"They've started supporting the market over there."

"We need to slowly absorb Tencent Entertainment's shares, making sure to attract their attention. We must quickly buy shares of Deer Antler Coffee and Boiling Sheep, and we'll buy up as many as they're sold on the secondary market."

Young Master Yan is also a ruthless person; the reason the investigation team was able to enter Tengying Group so quickly was because he was behind it.

As for Xu Pidai, he also had to call him Uncle Xu.

If it weren't for Chen Pingsheng's enormous amount of capital, he wouldn't have bothered to drag this guy into it.

If he were like Huang Zhongshi of Huayi Translation, he could have a complete and utter control over the company.

Unfortunately, Chen Pingsheng had too much capital at his disposal.

To acquire it, you need sufficient capital.

This is also the main reason why the two quickly started working together.

Chen Pingsheng only holds 5% of the shares in Boiling Sheep.

He only owns 20% of Deer Antler Coffee now.

Once they can buy more than his shareholding percentage from the secondary market.

They will all be able to directly join the board of directors in the future.

They might even drive him, the founder, away.

This is asset seizure, which entrepreneurs define as barbaric capitalism.

Top experts operate at a different level than those who make money through stock trading.

Who's going to bother with your petty squabbles?

Wouldn't it be better to just take over both of their listed companies?
……

Zhang Wanyi kept a close eye on her company's stock, not wanting to miss even the slightest change.

If we can't hold our ground at a time like this, the crisis will be far more serious than we think.

"Uncle Chen, the stock prices of Deer Antler Coffee and Boiling Sheep have actually slowed down."

Chen Pingsheng went over to take a look, then sneered, "They actually want to play a feint. Notify Xu Jing in Guangdong to have Hong Kong Teng Hui Capital buy back all of their own shares."

Who could possibly be fooled by such a small trick?

If he didn't have the ability to readily withdraw billions of dollars, he might actually lose control of Deer Antler Coffee and Boiling Sheep at this point.

To put it bluntly, running a business requires maintaining sufficient cash flow in the long term; otherwise, after going public, even the slightest disturbance could develop into a fatal crisis.

……

"It's ridiculous that Chen Pingsheng actually wants to protect the whole thing."

I was originally planning to quietly buy in at the lowest price, but then a large sum of money suddenly appeared and started accumulating shares while the price was consolidating.

In a situation like this, no one but Chen Pingsheng could possibly do something like this.

"Let's stop hiding our true intentions. He wants to protect everything, right? I'd like to see just how capable you, Chen Pingsheng, really are!"

Young Master Yan was furious. He thought the other side would sacrifice a pawn to save the king, but who knew that he would try to save everything without giving up anything.

Does he have that ability?

Since that's the case, let's just openly fight with bayonets.

The so-called "open secrets" are just like the Vanke battle of the past.

Everyone was fiercely competing in Ponzi schemes, starting with billions of dollars.

(End of this chapter)