The Birth of Shanghai's First Conglomerate

The stock market has evaporated hundreds of billions of dollars.

That's not just numbers; it's the real assets that have disappeared for tens of thousands of individual investors.

Chen Pingsheng personally contributed 150 billion yuan in cash to stabilize the stock price and maintain market confidence.

Tong Zhelan contributed another 2 billion yuan, in addition to the funds raised by the entire group.

It's almost 20 billion.

This is not just about maintaining control of one's own company, but also about protecting the interests of retail investors.

Unlike abroad, you can't make money by short selling in China.

In the domestic market, almost everyone loses money when stock prices fall.

It is clear that in the midst of market turmoil, everyone becomes a player.

The battle between Vanke and Baosteel lasted for more than a year, and it won't end in a short time on his end either.

At least that 20 billion should be enough to hold the line for at least two months.

Even if Xu Daipi wanted to raise 20 billion yuan immediately, it wouldn't be an easy task.

This is the first time he has used a mortgage loan to resolve a business crisis.

This is the advantage of commercial real estate; only the most stable commercial real estate can immediately obtain mortgage loans from banks or large conglomerates during such a crisis.

In contrast, the shareholding structure of listed companies is clearly not as good.

His sister-in-law, Song Wu, has come to see him; the entertainment industry has been making too much noise lately.

First, Huayi suffered a major blow, and then her brother-in-law's Tencent Entertainment was also in dire straits.

Surrounded by enemies on all sides.

Not only is she here, but Song Yanxi is here too.

This is the first time Tencent has faced such a major crisis since its establishment.

The reason was that someone had their eye on their company and was attempting to forcibly gain controlling interest through the stock market.

To this end, a range of resources were mobilized at all costs.

Having temporarily averted the crisis, Tengying Group, if it weren't for its immediate availability of 20 billion yuan in cash, would likely have already changed hands with Deer Antler Coffee and Boiling Sheep.

This puts Tencent Entertainment in grave danger as well.

It's important to know that during the Vanke-Baoneng battle, the reason why founder Wang Jianlin was ousted was mainly because he couldn't mobilize much cash resources on his own.

After searching everywhere for help, they barely managed to stop the Baoneng Group's invasion.

Chen Pingsheng is different; he can genuinely produce over 150 billion yuan in cash at any time.

Having this financial backing is the biggest reason why he is fearless.

Both companies are still aggressively acquiring shares in the secondary market. Chen Pingsheng's financial scheme is already in place, and Xu Pidai has no chance of taking control of his company.

However, he couldn't keep passively taking hits forever.

That's completely out of character for him.

After Tong Zhelan arrived, she said directly, "Old Chen, I had my husband investigate. Do you know how high Xu Pidai's debt is right now?"

"How tall?"

Xu Pidai has enjoyed immense prestige over the years, earning the admiration of many and accumulating a multitude of titles.

But to say he is absolutely safe is not entirely true.

Tong Zhelan fiercely extended two fingers.

Song Yanxi asked in confusion, "Two hundred billion?"

Chen Pingsheng shook his head, "It should be more than that. Given its scale and high-speed real estate operation model, I estimate it could be as high as two trillion."

"That's right, it's two trillion."

Tong Zhelan was shocked by the results of the old man's investigation. With Xu Pipi targeting them like this, they couldn't just do nothing.

Chen Pingsheng frowned deeply. "This is not good news. If this kind of company goes bankrupt, it will be an earthquake-level disaster. I don't know how many families will be affected."

“Indeed,” Tong Zhelan said. “We originally only wanted to find a small flaw in him so that he would have to go back to the furnace to save himself and wouldn’t have time to attack us again. Who knew that the old man’s answer was too amazing? It has reached the level of being too big to fall. Even if he has many loopholes, we can’t start attacking him.”

"Why can't we attack him?" Song Wu asked, still annoyed.

After glancing at her, Chen Pingsheng said helplessly, "The consequences are too severe. If he really explodes, those of us who reported him will certainly not have a good ending either."

"Two trillion is not a debt that ordinary people can afford. With such a huge debt, who knows how many vested interests are involved? We are just a private enterprise. We can do translation, but we should never touch this kind of debt."

Many times, you can't win just because you have justice.

Haven't you heard the saying, "When you can owe the bank 10 billion, you're the boss"?

Banks are afraid you'll go bankrupt.

Now think about a number that's two hundred times higher than 10 billion; just thinking about it is enough to make your heart race.

Not to mention trying to break it open.

Chen Pingsheng, in any case, would not have such inappropriate thoughts.

Perhaps in Xu Pi's mind, his debts became his greatest shield.

Tong Zhelan said, "It's rare that you can remain absolutely clear-headed at a time like this. My grandfather also warned me not to try to mess with Hengda, and even more so, not to try to report them."

Chen Pingsheng waved his hand, "Your grandfather is right. Since we can't deal with Xu Pi, what's the situation with Young Master Yan?"

Tong Zhelan took a sip of tea. "The eldest son of the Yan family was the richest man in China in the 1990s. At that time, his family immediately used their connections to remove themselves from the Forbes list. They kept a low profile for many years afterward. However, anyone from Suzhou knows that the Yan family has always been the richest family in Suzhou. Their wealth and influence are even greater than Xu Pi's."

"No wonder they dared to target me directly; they're all more cunning than the last."

Compared to them, Huang Zhongshi from Huayi Translation is simply a weakling.

It's laughable that he dared to get involved directly.

A Xu belt that can't be moved, and the eldest son of the Yan family, who was the richest man in the 1990s.

This combination made Chen Pingsheng rub his temples. Compared to the newly rising Xu Pi, the unfathomable Yan family was far more difficult to deal with.

He was able to maintain his position as the richest man in the 1990s and live a peaceful and uneventful life for decades.

Just thinking about it makes it clear that this kind of ability is possible.

“Old Chen, my grandfather said that if you want to fight them, you need to take at least another five years to prepare. You can’t make a move right now.”

Chen Pingsheng was quite understanding. "Don't worry, I don't think we can compare to the richest families in the 1990s right now. And as for Xu Pipe, I hope God will bless him to continue to be so successful."

The subtext is that we shouldn't reveal any spoilers.

If this kind of mine were to explode, the consequences would be unimaginable.

Millions of families will pay for this.

He certainly wouldn't be the villain, nor could he bear the consequences.

As for Young Master Yan, let's take it slow.

Tong Zhelan was quite pleased that he could remain so calm and composed; the most urgent task was still to win the defensive battle.

We must overcome the current difficulties before we can plan how to get back at them in the future.

"Contact Xu Jing and ask how long it will take for the people we arranged to arrive in Hong Kong?"

Chen Pingsheng wanted to end this farce ahead of schedule. Xu Pi was untouchable, and Young Master Yan was even more unfathomable.

Continuing to waste time with these two will only allow them to make more money.

Of course, Hua Yi was the obvious victim.

He never fights a battle he's not confident of winning, and two years ago he was already wary of people tampering with his funding sources.

How could we not make any preparations at all?

Zhang Wanyi had no idea who she had sent to Hong Kong, or what problems these people could solve.

After she called Xu Jing, Xu Jing replied that she would arrive the day after tomorrow.

Chen Pingsheng felt much more at ease.

The day after tomorrow, a major news story will emerge in Hong Kong.

A royal delegation from the Middle East visited Hong Kong, specifically requesting to meet with Chan Ping-sang, and highly praised the two for their long-term cooperation.

Upon hearing the news, Huang Zhongshi was completely stunned.

Wasn't Chen Pingsheng charged with possessing a huge amount of unexplained wealth?

When did he start cooperating with Middle Eastern royal families? Not only was he stunned, but Xu Pi was also quite surprised.

What is the concept of Middle Eastern royal families? They are world-class conglomerates that are truly rolling in money by selling oil.

No wonder Tengying Group has developed so rapidly; it turns out they have gained the support of Middle Eastern royal families.

The stock price rose immediately after the news broke.

The magnitude of the change is simply beyond imagination.

Not only did the stock price soar, but the investigation team that entered Tencent Film Group also received news directly from Shanghai.

End all investigations into Tencent Group.

Tengying Group's core assets are very complex. If you look closely, you'll find that most of the equity is concentrated in Tengying Capital.

This top investment firm is registered in Hong Kong, and its shareholders come from all over the world.

Now that the Middle Eastern royal family has arrived, this farce should come to an end.

If things continue like this, it will be a big question whether Tengfei New Energy, which has invested 50 billion yuan, can continue to invest.

Regardless, Tengying Group is of great significance to the development of new energy in Shanghai.

Now that a Middle Eastern conglomerate has come to support it, the investigation into the source of this huge amount of unexplained wealth can no longer proceed.

The Huateng Battle, which lasted for more than half a month, shocked the entire financial world and even made the entertainment industry tremble.

In the end, it all ended in a complete victory for the Tencent Group.

The moment the news broke, countless people cheered and raised their hands in celebration.

This made everyone in the Tencent Film Group extremely happy.

Only Huang Zhongshi in the corner looked completely bewildered. "This bastard has investments from Middle Eastern royal families, why didn't he say so earlier?"

"His stocks have gone up, but what about my Huayi stocks? Young Master Yan, you have to help me!"

After the investigation team withdrew from Tencent Film Group, the entire Tencent Film Group's stock price experienced a retaliatory surge.

It is foreseeable that it will not be long before it returns to its previous high level.

As for Hua Yi, Young Master Yan said, "Old Huang, I never promised you anything. Besides, when Uncle Xu and I pooled our money to buy back Tencent's shares, I reminded you to participate as well. You can't blame me for not having the money yourself, can you?"

“You…” Huang Zhongshi was furious, as he was the only loser from beginning to end.

Yan Qihua spent a total of 5 billion yuan to buy shares in the Tencent Pictures Group, while Xu Pidai spent an even larger sum of 8 billion yuan to fight it out.

Even if they don't manage to acquire the final controlling stake in Tencent Holdings.

At this rate of stock price increase, it could probably double in profit in less than a month.

This looks like a success no matter how you look at it.

"Young Master Yan, I must remind you, you surely remember how many female celebrities you've slept with, right? It won't be that easy for you to sacrifice me now!"

Yan Qihua sneered, stood up and patted him on the shoulder, "Old Huang, don't talk nonsense. I can't crush Chen Pingsheng, but I can crush you more than enough."

Xu Pidai was in a good mood. He often went to Hong Kong and was well aware that Tengying Group owned about 20 billion yuan worth of commercial real estate in Hong Kong alone.

A company with such a stable capital base is not so easy to bring down.

However, he and Yan Qihua each gained something, while Hua Yi was always just a pawn to be discarded.

Who told him he was inferior in ability?
(End of this chapter)