The Birth of Shanghai's First Conglomerate

One storm has barely subsided before another arises.

Knowing that many people would be looking for him during this time, Chen Pingsheng simply decided to stay in Hong Kong and not leave.

He even handed over his own work ID to his secretary, Xu Jing, to manage.

Unlike Huayi, the Huateng battle was initiated by Huang Zhongshi's side.

Hot TV, on the other hand, used its own power to expand its influence in public opinion and expedite the investigation into Jia Yueting's suspension of funding.

The two are completely different.

Many people hoped he would stop, because once Chen Pingsheng started, he wouldn't turn back.

On January 12th, he booked the entire Peninsula Hotel in Hong Kong to host Tencent Entertainment's year-end strategic summary conference.

Zhao Liying, Yang Mi, Liu Yifei, Bai Lu, and others also rushed to Hong Kong immediately.

Unlike in the past, Chen Pingsheng used to give people the impression of being a very socially responsible boss.

He's even a nice guy who likes to give out cash within the company all the time.

And now...

He is not only the boss of Tengying Entertainment, but also the founder of the entire Tengying Group, and a powerful billionaire with assets worth hundreds of billions, making him the number one capitalist in the industry.

Even Yang Mi, who used to love joking with him, now has to admit that just a few years later, the small boss who used to try every means to poach her from his job has changed his ways.

He has become the undisputed richest person in the industry.

Haven't you seen how much of a storm he's stirred up in the domestic business world lately?

If he goes back to Shanghai, people will probably come to talk to him about it every day.

Stop the media attacks on HotTV, and stop trying to block and suppress Huayi.

Since Chen Pingsheng was in Hong Kong, he simply didn't need to pay attention to those things.

He will only consider returning to the mainland once this matter is over.

"Brother Chen."

Zhao Liying smiled as always; she seemed to never gain weight, remaining slim and petite.

"Liying, your 'The Story of Minglan' sold for a good price!"

In February 16, he invested 2 million yuan in Zhihu, and only recently sold it for a high price of 2.1 million yuan.

This also gave Tencent Entertainment a very good start in 17.

Zhao Liying is now a recognized queen of the drama industry, and even Yang Mi has a hard time competing with her in the field of television dramas.

Zhao Liying smiled and said, "That drama was indeed very well made."

Chen Pingsheng patted her on the shoulder and said, "Alright, you should take a break after filming this drama. I'll be waiting to drink your wedding wine on your wedding day."

Zhao Liying is getting married soon, which is quite normal.

After all, she was already quite old when they met, and now four years have passed.

She'll eventually get married.

Half of the entertainment industry attended Tencent Entertainment's annual meeting.

Many prominent figures from Hong Kong's elite families also attended.

The group's annual meeting is a joyous moment that marks the end of the year.

The strategic annual meeting is the real summary of the past year and a clear path for the future.

On the star-studded stage, Chen Pingsheng, dressed in a well-tailored suit, took the stage. While Tencent Film Group was still relentlessly pursuing Huayi and Hot TV outside, he had already begun to summarize the gains and losses of the past 16 years.

“In the past, we often said that whoever controls the traffic can make money.”

"Tengying Group has always deeply instilled this concept, so to this day, Tengying Entertainment is the most core business asset of the entire group."

"In 16, we experienced both lows and highs. Without exaggeration, starting in 17, Tencent Entertainment will become the undisputed number one film and television group in China."

No one doubts this; in fact, it has been done completely.

Chen Pingsheng continued, "The number one should not only be the market value, but should also strive to promote the progress of the industry. I'm not afraid to laugh at you, but I particularly hate the unspoken rules. It's as if those actresses at the bottom of the industry can't get the lead role unless they sleep with the director or investor."

“Even those art school teachers openly told their female students, ‘If you want to make it in this industry, you have to be willing to take your clothes off. If you’re not even willing to take your clothes off, what makes you think you can become a big star?’”

"I really think this kind of teacher is shameless, even inhuman, and doesn't deserve to be a teacher at all."

"Last year, I invested more than 3 billion yuan to establish my own Tengying Art School in Huadu, Guangzhou, so that people who really have dreams and want to become good actors can smoothly enter this industry."

"It's also an effort to promote progress in the entertainment industry."

"At the same time, I also set up my own screenwriting training class there, so that those grassroots writers who really have life experience and understand stories can smoothly enter this industry."

“Most screenwriters in mainland China have become out of touch with reality in recent years, and I believe everyone can see that from TV dramas without me having to say it.”

"The way they depict the poor is by having them spend 24 hours a day waiting for expired food in supermarkets, or living in top-tier apartments in places like Beijing and Shanghai, and then squeezing onto the subway to go to work."

"This is the best way for screenwriters in the industry to depict the lives of the poor right now."

"I don't know how screenwriters come up with such brainless storylines. It's a fact that these days, not only are ordinary people unable to enter the entertainment industry, but screenwriting is even more difficult without a good family background. This has indirectly led to the current scripts being exaggerated and completely out of touch with reality."

"Creating a fundamental change in the current state of actors and the industry will be the foundation for Tencent Entertainment's future."

"In addition, we also have Xinteng Live and Tengyou Media to protect us, ensuring that Tengying Entertainment can always remain invincible in the future battle for traffic."

The company's annual strategy summary meeting lasted for more than four hours.

You can tell from the chairman's speech that Tencent Entertainment is truly completely different now.

After becoming the industry leader, it will also assume the corresponding corporate responsibilities.

It's not just about investing in Tengying Art School and building its own talent base.

They even set up screenwriting training classes there, recruiting online novelists with real life experience to enter the screenwriting industry.

In the future, we will also focus on discovering and nurturing new directors.

In terms of profitability, in addition to continuing to invest in TV series and movies.

They will also develop more variety shows.

For example, "Trainee Competition Season 2" and "Actors, Come On!"

In addition, it will be confirmed that a variety show called "Ace vs Ace" will be broadcast on satellite TV.

It is mainly aimed at competing with top-tier variety shows like Running Man and Happy Camp.

It can be said that Tencent Entertainment has unknowingly embarked on a stage of development for the entire industry.

Not only do they cultivate their own talented actors, but they also independently develop talented screenwriters and directors, providing top talent in the industry in all aspects.

In four years, Tencent Entertainment has become significantly more comprehensive than Huayi.

It has also laid a deeper foundation in the industry.

He has already fully embarked on a comprehensive entertainment business path.

Whether it's talent, investment, or variety shows and short dramas.

Tencent Entertainment has forged its own unique business path.

As the strategic conference concluded, Tencent Entertainment's stock price surged.

It has completely crossed the threshold into becoming a company with a value of hundreds of billions.

This also marks a true announcement to the entire entertainment industry that the largest film and television group in the industry has officially changed its leadership.

Chen Pingsheng thus became the undisputed number one tycoon in the entertainment industry.

He is also the boss with the best reputation, without exception.

Because so far, no one has seen any so-called unspoken rules against female celebrities in his life.

Even though he has so many industry resources, and even though the women he can easily get his hands on are top-tier beauties, one in a million.

Perhaps only someone like this can truly challenge the unspoken rules of the entertainment industry!

Even his openly discussing money-for-sex transactions within the industry might be because he simply disdains them.

He certainly has the qualifications now.

No matter who it is, no one in the industry is richer than him.

……

The title of the entertainment industry's top tycoon has changed hands.

This is probably something most people would welcome.

After all, a person's reputation is like the shadow of a tree.

Almost every artist who has signed with Tencent Entertainment has never wanted to switch companies.

The bosses here won't make you keep taking on roles just to make more money. Artists at Tencent Entertainment have always had a very high degree of freedom.

They can take on roles when they want and rest when they want.

Especially considering that there hasn't been a single bad word about them for several years, this is something that artists in the industry should be proud of.

As long as I can sign with Tencent Entertainment, I'm willing to stay there for the rest of my life.

Moreover, in terms of business model, Tencent is simply unmatched by ordinary large groups.

It can provide many artists with good investment opportunities, as long as they invest with it.

Making money is actually an easy thing, which is why it's so difficult. This contrasts sharply with the prosperous scene at Tencent Entertainment.

Jia Yueting is now deeply mired in trouble, and others don't know how big the loopholes in Reshi are.

How could he not know it himself?
In short, if the business investigation team comes down, he'll be in big trouble.

So he has been trying to find someone to give him a chance to meet Chen Pingsheng all this time.

He was certain he could persuade Chen Pingsheng if the two sat down to talk face-to-face.

I just hope they won't keep pressing the issue.

The influence of public opinion is overwhelming. The reason why the investigation team has not yet come down is mainly because they are blocked by some important connections.

This kind of thing can only be blocked for a while, not forever.

Unfortunately, the man surnamed Chen never gave him a chance. Suddenly, hundreds of internet celebrities emerged online, focusing their attacks on the economic issues that were trending on television.

If this continues to escalate, it could very well trigger a direct document from a truly important figure.

At that time, besides running away abroad in advance, he would say that he would be back in China next week.

Gods are hard to save.

The influence of Tencent Entertainment on the internet was seriously underestimated.

This is also the biggest mistake Jia Yueting has made so far.

Xin Teng's live stream, produced by Tencent Video Group, can generate income through product sales and can also change the entire online trend with a single word.

Chen Pingsheng has captured a huge amount of attention in the entertainment industry.

Jia Yueting seriously doubts that in China, only Tencent can compete with Tencent Entertainment in the traffic sector.

In other respects, you absolutely cannot compete with him.

Even the business legends of recent years are no exception.

He regrets it now. Why did he have to get involved in the Huateng battle?

Looking at Huang Zhongshi now, he's like a leech.

By getting involved with the Tengying Group, you'll suffer the consequences as well.

"Mr. Jia, you didn't really embezzle public funds, did you?"

Huang Zhongshi asked him nervously, "We just found a chivalrous white-clad hero to save us from suffering. If he turns around, we'll be in big trouble."

My life is just too damn miserable!

God knows if Huayi could recover if this happened again.

The last straw that broke the camel's back.

Old Jia, you absolutely mustn't get into trouble!

Jia Yueting looked at him sincerely, "I never do anything that is not permitted by law."

That sounds so unconvincing!
If you really didn't do it, just send the investigation department down to find out.

Afterwards, they could even countersue Tencent Pictures Group for framing them.

With this hat hanging over him, even if Chen Pingsheng wanted to hide in Hong Kong, it wouldn't matter.

Huang Zhongshi could only pray that he really had nothing left. "Old Jia, how about this? I don't want your 8% stake. Just give me 3 billion in cash."

Jia Yueting glanced at him indifferently; Huang Zhongshi was, after all, a former business tycoon.

The fact that he can still spout such nonsense shows that he has been pushed too far by the Tencent Group.

He's already thinking about how to run away, so how could he possibly exchange some cash with you?

Jia Yueting was actually quite anxious, but he remained outwardly calm.

If the higher-ups can't stop them, they'll really send the investigation team down.

Then his problem is really serious.

The dominoes have fallen, and the whole thing has collapsed.

HotTV truly lives up to its reputation as a commercial phenomenon over the years.

No matter how many media outlets Tencent Pictures mobilized to attack him, he could immediately bring in more experts to protect his company.

For example, renowned economist Hu Xijin and others have publicly spoken out in his defense online.

Unfortunately, he was able to control these top experts.

However, it cannot affect the young people in short videos.

The one who can truly influence public opinion comprehensively online is Chen Pingsheng, who owns two super influencer management companies, Tengyou Media and Xinteng Live.

As the public outcry grew louder.

On January 15, 2017, the authorities finally launched a full investigation into the HotTV Ponzi scheme.

Along with the issuance of this document, Jia Yueting, the founder of ReTV, left an open letter within the group.

I will be returning to China next week.

The findings of the investigation department were absolutely shocking.

Hotview was a Ponzi scheme from the very beginning, with most of the funds flowing overseas.

To say that one is suffocating for their dreams is absolutely a lie to fool a complete idiot.

It's clearly an attempt to transfer assets.

With Jia Yueting set to return to China next week, countless suppliers flocked to the gates of HotTV.

This includes large companies that specialize in making TV screens, as well as small companies that are responsible for even a single screw.

The dramatic collapse of the mythical edifice is a history of blood and tears for countless people.
It's unknown how many listed companies will be dragged down by Jia Yueting alone.

After several days of investigation, the financial situation of ReTV was shocking.

The debts alone amount to over 10 billion yuan in the TV market, and there are also debts in mobile phones, sports, and other areas.

All these miscellaneous items add up to a staggering nearly 100 billion yuan in total debt for HotTV.

As soon as the news broke, the stock prices of all the companies that had even the slightest connection with Reshi Group plummeted.

This can no longer be described as the collapse of a single company; rather, it signifies an impending crisis of confidence in the entire stock market.

The more glorious the TV series was in recent years, the more pathetic it is now.

The suffocation I once felt for my dreams is now just a matter of racking my brains for the money in your pocket.

No one can say for sure what drove a conman to such a level.

But one thing is certain: all listed companies associated with Hot TV.

They will all be engulfed in seawater and flames.

This is destined to be a life-or-death crisis, because the debts owed by HotTV may very well be unrecoverable.

This is no small amount; it's a debt of nearly 100 billion.

Many listed companies that supply him will be implicated.

The stock market has unsurprisingly entered a period of complete freeze.

This has a much greater influence than Huayi Translation, after all, Huang Zhongshi doesn't have that many debts.

The debts owed by Jia Yueting were ultimately paid for by millions of retail investors in the stock market, as well as half of the entertainment industry's celebrities.

There are also hundreds of product suppliers for Hotview.

It even includes a series of big names in the capital market. It can be said that Jia Yueting never had the ability to manufacture cars from the very beginning.

They didn't even have the real idea of ​​making a good product.

He can only describe a few slides in a PowerPoint presentation; this business legend is on par with Lei Jun.

In the end, he became a "legend" in the business world.

However, his myth is filled with too many sad stories of ordinary people.

Huang Zhongshi simply lay down, assuming that the person slowly walking over was a white-clad hero who would save people from suffering.

Unexpectedly, the person was a funeral attendee dressed in white.

He had already suffered enough, but Old Jia still had to deliver another blow to him before he left.

Huayi and HotTV have never had a cooperative relationship.

Just when things finally started to get a little connected, all the companies related to the hot TV show became poison for the stock market.

Huayi, which had already been severely damaged by the Tencent Film Group, became the biggest rotten apple in this whole mess.

At this critical moment, he even exchanged 8% of Hotview's shares.

Regardless of how much the stock price of HotTV is, no one can cash out at this time.

Everyone is running.

When no money is put in, who will pay them back?
Disaster, an epic disaster, befell everyone.

(End of this chapter)