The Birth of Shanghai's First Conglomerate

TVB has enjoyed immense success in recent years.

A large number of celebrities in the entertainment industry are also rushing to buy shares in popular TV dramas, including the married actress who made a comeback, as well as director Zhang Yimou, Honglei, Huang Xiaoming, Sun Li, and others.

If you were to list all these entertainment industry names, it would fill two or three pages.

This only includes those top-tier celebrities.

Aside from the entertainment industry, various second-generation rich kids, including Wang Sicong, have been begging to invest in their businesses.

It's as if investing in a hot TV show guarantees a 100% profit.

This indirectly contributed to the invincible legend of HotTV over the years. You can imagine how amazing Jia Yueting's business model is.

That's practically nonexistent, like with television.

Let's not even talk about OEM manufacturing; there are plenty of manufacturers in China doing that anyway.

They achieve sales growth by sacrificing profits, or even incurring losses, in order to quickly raise funds.

During its rapid expansion, Zhongguan Reshi almost exclusively adopted this business model.

This model would certainly work for internet companies, since they can redefine the rules of the game once they have a large user base, thus achieving rapid profitability.

Applying this model to the technology sector, specifically electronic products, is completely unacceptable.

Because if a technology company doesn't have profits to support it, it won't be able to allocate funds for research and development.

To achieve technological leadership.

Over time, they lose all product competitiveness.

All electronic products that expand their market by sacrificing profits or even incurring losses.

It's impossible for it to last very long.

While attempting to emulate Xiaomi, Jia Yueting fell far short of Lei Jun in corporate management and channel control.

The core reason why Xiaomi phones were able to completely eliminate counterfeit phones is that they abandoned the traditional business model.

Selling goods directly online is significantly cheaper than traditional manufacturers' offline channels.

Xiaomi has been profitable since its inception.

Jia Yueting's idea of ​​killing off a large number of domestic electronics manufacturers through losses is a joke in itself.

Not to mention his hugely loss-making TV Sports.

The business world is in turmoil once again.

This time, the target is directly aimed at the recent commercial phenomenon that has become a hot topic.

Whether he can weather the storm like the Tencent Group remains to be seen.

But most people in the business world know that Reshi has been put on the hot seat by Tencent Pictures.

The reason for this was simply that Jia Yueting, at the very end of the Huateng battle, came out and tried to take the big peach from Huayi himself.

Huayi is now completely surrounded by Tencent Film Group.

Its market value has plummeted from hundreds of billions to less than 30 billion, even after losing three top female celebrities.

Even a starved camel is bigger than a horse; once it recovers, it has a great chance to regain its market value of hundreds of billions.

After all, the roots of Chinese translation have not been shaken.

Its dominant position in the entertainment industry for decades cannot be easily defeated in a short period of time.

At this critical moment, Jia Yueting exchanged 8% of his shares in ReTV for 20% of Huayi Brothers.

From a money-making perspective, this is definitely a successful investment.

Unfortunately, he underestimated Chen Pingsheng's side.

Tencent Pictures Group was able to arrange for three whistleblowers to appear under their real names in the United States within just one day, and quickly make it onto the list of the top five news media outlets in the US.

The news was also sent back to China that same evening, and the transfer of assets was widely reported online.

This is something that only Tencent Film Group, with its vast media resources, could accomplish.

After all, Tencent Video has more than just celebrities; it also has hundreds of internet celebrities.

With a single command, they can secretly put you directly on the hot seat.

Unsurprisingly, the stock price of HotTV also began to fall across the board.

What the capital market fears most is corporate violations. After all, if your business direction goes wrong, you can gradually adjust over time.

Once illegal or criminal activities occur, it directly becomes an economic issue in the business sector.

Founders all end up in jail.

This kind of damage is the most fatal to a company.

Masters often make moves that are simple and unpretentious.

Either don't attack at all, or kill with a single blow.

Chen Pingsheng swiftly, accurately, and ruthlessly aimed the arrow at the bullseye of the heatwave.

If it is found out that Jia Yueting attempted to transfer assets abroad and misappropriated public funds in core projects, it will be a serious matter.

That means the myth of the HotTV Group has definitely come to an end.

If an ordinary person were to report this, it certainly wouldn't have much of an impact. But a company with a market value of hundreds of billions has countless ways to silence whistleblowers or the news media.

However, if the whistleblower is backed by a billionaire, the outcome will be very different.

In this process, the first thing everyone competes on is news media resources, and the second, and most importantly, political resources.

The sudden collapse of a company worth hundreds of billions is definitely not a simple business issue.

Behind this lies a series of unspeakable complex relationships.

At least for Jia Yueting right now, what he wants to do most is to find someone to cover up these reports.

They also use their connections to remove or even block any news that might be detrimental to the show.

But Chen Pingsheng, who was in Hong Kong, would never give him that opportunity.

If someone in higher-ups wants to smooth things over for him, he'll make sure the news gets out of hand as quickly as possible.

When public opinion is low, it's easy to settle things.

Once the public opinion reaches the point where it is known to all Chinese people overseas.

Anyone who dares to step forward and settle things should be careful of the serious consequences they may face.

If it really comes to that, he might also report the person who settled the matter.

Currently, he is mobilizing his resources to amplify public opinion.

Jia Yueting was busy looking for people and connections everywhere, and all sorts of news about protecting Hot TV appeared immediately.

This shows that whenever there is smoke and fire, it is because someone above is deliberately trying to make you see it.

The news he wants you to know.

For example, Tencent Video Group and HotTV.

One is a newly emerging force that has kept a low profile in recent years, and the other is a super-large group that has been hailed as a business legend in the last three years.

When the two of them are fighting fiercely up there, even the news that ordinary people see will change drastically.

Chen Pingsheng wanted to use public opinion to push for an investigation into the funding of ReTV, while Jia Yueting wanted to use his connections to directly suppress all this negative information.

And through the media, the great contributions of TV over the years were quickly reported.

Regardless of the final outcome, one thing is certain.

Huang Zhongshi had just met with the bank manager and finalized a mortgage loan of 3 billion yuan.

The price was 8% of TheTV's shares.

As a result, it immediately fell through.

The current hot TV is directly caught in a vortex by Tencent Pictures Group, and no one knows what the final trend of its stock price will be.

Using Reshi Shares as collateral at this time would pose a significant risk to anyone who dares to lend money.

For those who work in offices within the system, the safest path is definitely the one to take unless absolutely necessary.

They simply wouldn't take such a huge risk to help your company through a difficult time when the situation is so uncertain.

Huang Zhongshi became so anxious that he jumped up and down and cursed.

And he secretly prayed in his heart that there would be no problems with the hot TV.

If Jia Yueting runs into any more problems, who will dare to come to Huayi's rescue?

That beast Chen Pingsheng, he really didn't leave himself any way out.

They dare to directly confront Hot TV.

If he really manages to take down HotTV, who will want to deal with Tencent Video Group in the future?

Even I have to tremble three times before I can react.

This guy is insane. Doesn't he know that behind every billion-dollar company there are people standing behind it?

How many people does he want to offend before he'll stop? There's no answer to any of this.

Anyway, Jia Yueting, the white-clad swordsman who tried to save him at this time, was also caught in the vortex.

The two have already opened up the high-level battlefield.

Regardless of who wins or loses in the end, Chen Pingsheng has been making headlines recently.

This kind of attention has both advantages and disadvantages for entrepreneurs; it all depends on how they conduct themselves in the future.

In any case, after this period of time, Tengying Group has completely become a super-large commercial group that is out in the open.

Previously, he only had unparalleled influence in traditional fields, but now everyone knows that he controls traffic and the media.

It has an influence beyond imagination.

If you want to go head-to-head with him, you should first consider whether you have the same hardcore strength as Xu Pi and Young Master Yan.

Otherwise, if he really beats them back, they might be even worse off than Huang Zhongshi is now, soaked to the bone.

Now, who would laugh at him? Everyone is just marveling at the incredible strength of the once unassuming Tengying Group.

They have reached a level far beyond that of ordinary large corporations.

(End of this chapter)