The Birth of Shanghai's First Conglomerate

The goal is to develop a small company into a publicly listed company.

That requires too many factors: a good management team, a development strategy, and a series of essential excellent management practices.

To bring down a listed company, perhaps all it takes is a small document or an anonymous investigation.

It's clear that Tencent's Tengying Group is currently experiencing all of this.

The accountant, who had been working at Huayi for more than two years, publicly and by name reported tax evasion.

Later, Young Master Yan, with his powerful connections, directly applied for the investigation team from above.

An internal investigation was launched into the group to examine the chairman himself.

If this happened to an ordinary entrepreneur, it would basically mean the end of their business.

After all, when an investigation team visits a company to conduct a thorough investigation, they will inevitably need to gather some evidence.

This is an extremely unfavorable signal for the entire capital market.

No one dares to buy Tencent Holdings shares at this time.

Those who own shares in it will panic and immediately choose to sell.

A thorough investigation, a sell-off, and the arrival of an investigation team.

These three moves would have been too much for most companies to handle.

Not to mention the need to guard against a brutal invasion from the entire opposing team.

After arriving in Hong Kong, Xu Jing, the No. 1 secretary of Guangdong, immediately held a global press conference at the headquarters in Hong Kong.

Tencent announced that it would allocate 10 billion yuan in cash to deal with the crisis and quickly repurchase its own shares.

To put it bluntly, this 10 billion yuan is intended to stabilize confidence in the capital market.

Unfortunately, it was completely useless.

On the mainland, Mr. Yan immediately used his media resources to release a series of news reports that were detrimental to Tencent Pictures Group.

The attempt was to further depress the stock price and quickly undermine investor confidence.

This is no longer a matter for the entertainment industry; compared to those top female stars who were disgraced...

The battle between these two companies has already attracted the attention of the entire financial community.

After all, it started with Huayi and Tencent Entertainment, and now it's a full-scale struggle within the Tencent Entertainment Group.

The founder of Huayi himself simply couldn't come up with such a large amount of capital to launch a full-scale attack on the Tencent Film Group.

There must be a bigger mastermind behind this.

Shanghai's financial news outlet, Today Finance, dedicated an entire page to reporting on the issue with the headline, "Ruthless Capital Reappears, Tencent Film in Crisis?"

The article provides a comprehensive overview of the Tengying Group crisis, even comparing it directly to a second version of the Vanke-Baoneng battle.

In that great battle, the chairman was ultimately ousted.

It's hard to say whether Tencent's Tencent Holdings will end up the same way.

To date, the Tencent Group has five listed companies: Tencent Entertainment, Deer Antler Coffee, Tencent Department Store, Bobo Milk Tea, and Boiling Sheep Catering.

This only includes the listed companies; if we add the unlisted ones, the group's assets would be at least 200 billion.

This is a super high-quality, giant conglomerate.

No wonder it attracted so much aggressive capital to attack.

Once we manage to take it down, the rewards will be beyond imagination.

Compared to the sacrifice of a few top actresses, what does that matter?

Capital simply decides who becomes a big star.

It's not just Shanghai that's reporting on this extensively; media outlets in other cities like Guangdong, Shenzhen, and Beijing are also quickly covering the event.

Their impact extends beyond the small entertainment industry, affecting hundreds of thousands or even millions of individual investors.

The investigation team will stay at Tencent Holdings for at least a month. Until they release their findings, no one else will dare to buy Tencent Holdings' shares at this time.

The 10 billion it contributed was barely enough to keep the stock price from falling too quickly.

As for Xu Pipi and Young Master Yan, they both contributed over 10 billion, and both sides were engaged in a fierce battle.

Both sides are accumulating shares sideways in the secondary market, and are rapidly mobilizing over 20 billion yuan to buy shares.

This didn't cause Tencent's stock to rise, which shows just how powerful the investigation team was.

12 month 8 number.

Zhao Liying, Yang Mi, and others each took 200 million yuan in cash to start repurchasing Tencent Entertainment's shares.

Others, such as Bai Lu, Shen Teng, and Wu Jing, have also started to spend money to buy back the products.

More than 5,000 store managers of Deer Antler Coffee have opened accounts in an attempt to publicly support their businesses with their spare cash.

On the other side, Boiling Sheep has over 20,000 employees who have united to spontaneously support the stock price.

We can't change bosses, because if we do, it'll be too late.

They will all be controlled by capital, with layoffs and salary reductions implemented as needed. Everything will gravitate towards the capital market.

It will be hard to do the work of 8,000 and earn 12,000 in salary again.

As it turns out, a company's operations must ultimately align with the general public's sentiment and the prevailing trends.

When a crisis occurs, employees will spontaneously help you protect your assets.

Unfortunately, all of this was nothing but a joke in the eyes of Young Master Yan and even Xu Pidao.

How much money can the employees contribute?

How much can they easily give up?

If they can't even mobilize tens of billions of yuan in cash, how dare they try to take over the entire Tengying Group?

All of this was achieved by Huang Zhongshi, who was being used like an idiot without even realizing it.

To put it bluntly, after losing pillars like Fan Haomen, Bai Yinghou, and Yang Baobei, what does Huayi have left that would justify its 100 billion yuan stock price?
Not at all.

Therefore, his fall was truly a serious injury.

It's harder than climbing to heaven to get it back up.

After all, to cultivate a top star, both capital and luck are indispensable.

Huayi will find it difficult to regain its former position as the top entertainer in the entertainment industry.

As for Tencent Entertainment, that's a different story.

Although their family was investigated, none of the top celebrities actually got into trouble.

Before the news even came out, they immediately used their own funds to cover all the losses.

Its swift reaction made it impossible for Young Master Yan to even lose one or two of its generals.

Furthermore, their goal is to gain controlling interest in the entire Tencent Film Group.

If all these money-making people are eliminated, what's the point of buying an empty entertainment group?

Isn't this stupid?
Therefore, both Xu Pidao and Young Master Yan aimed their guns at Chen Pingsheng personally.

None of his key lieutenants, who are good at making money, are ready to be deployed yet.

Even if they fail to gain controlling interest, it would still be a commercial miracle of buying at rock-bottom prices.

They could earn at least tens or hundreds of billions.

If you were to take down all the pillars of his group, wouldn't that be putting yourself in danger?

After all, they were people who put in real money, hundreds of billions of yuan, to buy Tencent Holdings' shares.

This is the real reason why those involved in scandals are often big-name artists from Huayi Film & Television.

To put it bluntly, capital isn't stupid.

They were indeed after Chen Pingsheng, but they certainly didn't intend to take him down with them.

It is even less likely that they would engage in endless internal strife through self-harm.

Having spent over 10 billion yuan, this is clearly enough to make him the third largest shareholder of the Tencent Holdings Group.

Second only to Chen Pingsheng and the earliest investor, Tong Zhelan.

The only one truly crushed by the three parties was Huayi Film & Television, which fired the first shot.

Huang Zhongshi only realized the sinister intentions of these people now.

He also became the earliest victim in this capital game.

Secondly, there are the more than 100,000 retail investors who previously bought shares on both sides, and these people are caught up in the game of capital.

The stocks I bought for 10,000 are now only worth 5,000.

When the market makers reach this level, it's usually the retail investors who suffer huge losses.

Because investing involves risk.

Compared to retail investors in Tencent's film and television industry, those in Huayi Media are clearly in a much worse situation.

After all, Tencent Pictures actually put up more than 10 billion yuan to support the stock price.

The stock price is stuck at the 40 billion level, making it difficult to fall further.

Huang Zhongshi of Huayi Securities could not possibly pull out 10 billion yuan in cash to prop up the stock price like Chen Pingsheng did.

The funds are used to buy back the company's own shares and stabilize market confidence.

Even if he had it, he wouldn't take it.

As outsiders can see, losing three top female celebrities in a short period of time has already dealt a heavy blow to the company's vitality.

It's absolutely impossible for her to regain her position as the top celebrity in the entertainment industry in the future.

(End of this chapter)