The Birth of Shanghai's First Conglomerate

The online response has been very enthusiastic.

This kind of concert could become a cultural festival that Tencent Entertainment holds every year.

Chen Pingsheng ignored all that and in mid-February, he took his private plane to Beijing.

Huang Zhongshi's 2 billion yuan bank mortgage loan has finally become overdue.

According to the bank's assessment, he currently lacks the ability to repay the loan. The Huayi Beijing headquarters building, the Xiangjiang super villa, and the Beijing courtyard house that he mortgaged will naturally be auctioned off.

Even if Huang Zhongshi didn't want to see it, he had to face reality.

The headquarters building of Huayi is much taller than his Beijing headquarters, with 29 floors, and the Xiangjiang Super Villa is a top-level sea view villa of more than 10,000 square feet located on Mount Kellett Road.

Just this one item alone is worth about two billion now.

If he can win the bid at the starting price, he can at least double his money.

When Chen Pingsheng appeared, Huang Zhongshi was furious, but the others greeted him warmly.

Once the bank officially initiated the judicial auction process, he was the first to raise his paddle.

No one followed behind.

The reason is simple: everyone knows that Huayi was built by him, and Jia Yueting tried to take advantage of the situation.

I'm already on my way back to China next week.

At this point, who would dare to come and reap the benefits? And the bank has absolutely no need to sell these assets at a high price.

It's enough to repay the loan principal and interest; anything extra will go to Huang Zhongshi himself.

As a result, he didn't receive a single penny.

The assets, valued at over 5 billion yuan, were ultimately bought by Chen Pingsheng at a starting bid of 2.5 billion yuan.

Before leaving, Chen Pingsheng said with a smile, "Old Huang, you're such a good person. Please move quickly. I need to take over everything within three days, or I'll have to resort to legal enforcement."

Patting him on the shoulder, Chen Pingsheng teased him.

The fact that their headquarters were bought by a rival company was definitely the final straw that broke Huayi's back.

Even if they don't die, they can never regain their former glory.

Thus ended the tragic and desolate life of a once-dominant figure in the entertainment industry.

Huang Zhongshi doesn't even have the right to say a harsh word now.

As Chen Pingsheng said, what he needs to think about now is moving as soon as possible.

When the enforcement is finally carried out, Huayi's last shred of dignity will be completely lost.

As for the huge courtyard house that Huang Zhongshi lived in, Chen Pingsheng planned to resell it immediately after buying it.

He rarely lives in his own courtyard house here anymore, so what's the point of having such a big courtyard house?

The information about his transfer was posted among wealthy people.

Courtyard houses in Nanluoguxiang are now a rare find; every one sold reduces the supply.

It's already very difficult for outsiders to find good properties, but as soon as he listed his, someone immediately came to inquire.

The courtyard house, with four entrances and four exits, has a floor area of ​​1200 square meters and a asking price of 13 billion yuan, which is not too high.

Those who can afford to buy this kind of house are at least billionaires.

The apartment in Beijing has been reserved, and he doesn't want to keep the 10,000-square-foot mansion on Mount Kellett Road in Hong Kong.

After all, his family lives on Barker Road in Hong Kong, where the environment is better and the area is also over 10,000 square feet.

Huang Zhongshi's top-tier villa in Hong Kong is priced quite high, at 15 billion RMB without missing a penny.

Some people even asked on his WeChat Moments if he could get a discount so they could go to Hong Kong to see it first.

He became a real estate agent himself, and he sold these super villas quite quickly.

Over the years, Huang Zhongshi has acquired some valuable items, including three famous paintings he once purchased for 800 million yuan.

One is Picasso's "Seated Woman with Hair in a Bun" and the other is Van Gogh's famous painting "Daisies and Poppies".

Another example is the "Letter on Current Affairs" by Zeng Gong, a famous calligrapher of ancient times.

This also made him the most famous art collector in the industry.

Compared to Chen Pingsheng, a country bumpkin who never dabbled in art, he was far superior in appearance.

What good are famous paintings? They can't be exchanged for money when it really matters.

Even when it's used as collateral by banks, few bank managers are willing to accept it.

His three famous world-class paintings have long been seeking buyers.

Back at the headquarters in Beijing, Chen Pingsheng, in a relatively good mood, prepared to inform Bai Xin and the others about moving the headquarters.

They moved to the 29-story Huayi Building.

"Uncle Chen, isn't that unnecessary? Our headquarters in Beijing is perfectly adequate!"

"That's true, then you should try to put it up for auction."

Investing in mainland properties, including top-tier office buildings, is no longer advisable. It's more reliable to convert them into cash and keep them in your pocket as soon as possible.

A 29-story Grade A office building like this should easily fetch 1.7 to 1.8 billion yuan.

"Uncle Chen, you're not going back to Shanghai right after this trip, are you?" Bai Xin asked him curiously.

"more or less."

Chen Pingsheng said, "I came here to buy Huayi's mortgaged assets. Without me, you wouldn't be able to acquire them at the starting price. I'll be leaving a little later."

Well, they really came and went in a hurry.

Bai Xin wanted to report some work progress to him, but seeing his expression, she could only try to keep it brief.

Once the Lantern Festival is over, it's the start of the new school year. Speaking of which, Bai Xin is still in charge of both elimination and recruitment at Tengying Art School.

The chief secretary is quite busy these days.

There are still a lot of film projects coming to Tencent Entertainment seeking investment.

Chen Pingsheng simply didn't have the time to check them all, and even the Golden Finger Grandpa couldn't see them all.

He mainly looks at projects involving acquaintances or his own artists now.

Bai Xin can usually decide on small projects on her own, and she invested in quite a few last year.

There were losses and gains.

That evening, Chen Pingsheng boarded his private plane and left Beijing, leaving Bai Xin to receive the assets auctioned off by the bank.

Ultimately, they decided to sell all three assets, and it took a month for them to receive 48 billion yuan in payment.

They made a net profit of over two billion.

Of course, that's a story for another time!
Chen Pingsheng, who has returned to Shanghai, is also going to start making money seriously, mainly because the new energy sector is taking up too much money.

If he's not careful, he might not be able to afford to raise them.

Upon re-examining these internal startup projects, Snack Run has proven successful.

Now they're all going through the IPO process in Hong Kong, which means finding a securities firm willing to underwrite their IPOs.

Xin Teng Live could also go public this year, with a starting valuation of 20 billion.

It has thousands of online celebrities and over ten thousand live-streaming e-commerce anchors.

Once he can successfully cash out Xin Teng's live stream, his income will be enormous.

In addition, the cashing out of Deer Antler Coffee should also be put on the agenda.

Deer Antler Coffee's stock price on Nasdaq has already exceeded $280 billion.

Tengyou Media, which specializes in the Douyin influencer economy, has amassed a large number of influencers in just six months.

Monetization is still a long way off.

The main reason is that Douyin is still in the stage of user acquisition and has not yet reached the point of monetization.

They don't even have live-streaming e-commerce yet; they rely entirely on the lowest form of live-streaming revenue—gifts and virtual gifts—to make money.

We might have to wait another year.

In this process, he also has to provide unlimited resources to support half of Douyin's empire.

As for his old classmate Yao Anni, who invested 100 million yuan, she gave him a pleasant surprise.

They've done a really good job in the apparel industry.

After he cashes out his Deer Antler Coffee business abroad, he might be able to try to further develop and expand his clothing business.

……

Mid-February.

My little one is about to start school, the second semester of third grade.

As for the little girl, she simply stared with her big, round eyes, looking longingly at him.

She also wants to go to school, but unfortunately she won't be three years old until May. She will be sent to a top-tier kindergarten after she turns three.

As for now, she's been completely led astray by her sister.

Poems are recited backwards.

She argued heatedly with her sister about whether 1+1 equals three or four.

It's mainly Mom and Dad who had the older sister and her. Even a toe could figure out it equals four, and as for the big kid, tilting his head, he thinks it makes sense too.

His wife is three months pregnant, and they hope to have another baby this year, preferably a boy.

Otherwise, with three girls in the family, it would be quite a lively place.

"Dad, are you going abroad?"

"Yes, we'll go tomorrow, with your Aunt Tong."

This was his first time going abroad, while Tong Zhelan went there frequently.

In fact, he also has the idea of ​​investing a certain percentage of his funds abroad. Currently, he personally has 3 billion yuan in funds.

If they can successfully cash out Deer Antler Coffee, they'll have at least tens of billions.

It is still very necessary to acquire some assets abroad.

If Song Yanxi hadn't been pregnant, she definitely would have gone with him.

Pregnant women shouldn't take long flights.

The next day, Tong Zhelan rushed back to Shanghai from Hong Kong.

Snack Run's IPO won't be too difficult, mainly because their previous listings were very successful.

By enabling our partners to make a lot of money, we have built a very good reputation in the capital market.

It's only a matter of time before it goes public.

Chen Pingsheng and Tong Zhelan boarded his private jet together and flew from Shanghai to New York.

It will take about 11 to 15 hours.

Because he himself couldn't speak English, he brought three translators from the group headquarters with him, along with his personal secretary, Zhang Wanyi.

In addition, there are two Ministry of Justice members who are proficient in foreign laws.

And three bodyguards, including Zhao Yimin, the captain of the bodyguard team.

The travel team is quite well-equipped.

The main purpose was to serve him alone, and Tong Zhelan only brought two personal staff members.

She has her own network of connections in New York, and it's quite good.

Her personal assets, including family assets, are at least half invested overseas.

This is actually similar to most of the top wealthy people in China.

There are many Chinese communities there.

New York is a world-class city.

Located on the southeastern Atlantic coast of New York State, it is recognized as the largest city and the largest port in the United States.

This city boasts a unique geographical location, a well-developed transportation network, abundant cultural resources, and a strong economic influence.

It will become one of the world's economic, financial, commercial, trade, cultural and media centers.

New York's influence extends far beyond the United States.

Rather, it directly affects the global economic and financial trends.

The world-famous Wall Street is located in Manhattan, New York City, USA.

That's also their destination this time.

Tong Zhelan sat next to Chen Pingsheng. His private jet was truly luxurious and extremely comfortable.

"Old Chen, you didn't go there just to cash out your shares in Deer Antler Coffee, did you?"

"Of course not, I'd like to invest in some commercial real estate there."

"You should invest in football instead of real estate."

Tong Zhelan suggested, "Football is the undisputed number one sport in the world. If you really want to gain a certain global influence in the future, it would be best to acquire a Premier League football club or an NBA team. You've invested six or seven hundred billion in new energy vehicle manufacturing, you can't just be thinking about selling them domestically, right?"

"It's too early to say that."

Chen Pingsheng asked her, "English Premier League football clubs must be very expensive, right?"

"Burning money is definitely a given!"

Tong Zhelan took a sip of her milk tea and said, "If you want to transfer your assets abroad, you need a legitimate reason."

“Investing in a Premier League club is the best excuse, and that amount of money is definitely nothing to you. The less desirable clubs cost around 400 to 500 million euros, while the better ones cost 1 billion to 2 billion euros. It depends on how much you are willing to spend. However, this is not something you can just buy whenever you want.”

Okay... he had to admit that Tong Zhelan had far more information abroad than he did.

Most people who play football in China do so to curry favor with higher-ups in order to get bank loans.

And some land resources.

Otherwise, how could someone like him, who's just a domestic "white-cut chicken" (a derogatory term for someone who's only good at poaching chicken), be expected to earn tens of millions in annual salary?
Premier League clubs are different; everything is based on merit.

There are no grand jokes like "only mothers are good in the world" on the field; skill on the field is everything.

Acquiring a Premier League club would be very meaningful for Tencent Group's overseas business strategy.

These things can't be rushed; it's not like he'll just want to buy and someone else will be willing to sell.

It was a long journey, and he hadn't sat for this long in a long time.

In addition to Premier League clubs, Tong Zelan also proposed that he set up his own capital investment company on Wall Street.

The stock market on Wall Street is different from that in China, where the only way to make money is by going long.

However, there are still many short-selling giants on Wall Street, who make money by driving down stock prices.

In addition, there are no price limits on stock market prices here.

If the situation is good, it's not uncommon for the stock price to double or triple in a single day.

If the situation is bad, the drop can be incredibly fast.

A drop from $100 to $1 per share can happen in a single day on Wall Street.

Similarly, it can go from one dollar to one hundred dollars per share in just one day.

Wall Street is a paradise for adventurers and an endless playground for speculators.

The main reason why Tong Zhelan frequently travels abroad is because the stock market there is particularly interesting.

Moreover, compared to the domestic market, very few companies listed on Nasdaq can be listed through fraud.

It's almost impossible, which is completely different from the rampant fraud and numerous junk stocks in China.

It's no exaggeration to say that 90% of retail investors in China have bought a bunch of junk stocks.

If you want to make money through stock trading, you'll likely lose money nine out of ten times.

The phrase "investment is risky" masks everything.

Most ordinary people here invest in stocks, and their income is relatively stable.

The Nasdaq and NYSE are home to countless world-class companies, including Nvidia, Apple, Microsoft, Facebook, and Google.

Unlike most businessmen in China who try every means to make a profit, tech companies here are more driven by dreams.

In short, Wall Street is a paradise for adventurers.

Nasdaq is a place where endless legends are written.

Whoever reaches the top here will be a true global hero.

Tong Zhelan also admitted that Chen Pingsheng now has few rivals in the country.

His Tengying Group is definitely a top-tier mega-corporation, second only to BAT (Baidu, Alibaba, Tencent).

He's very capable in China, but he's destined to be a newcomer on Wall Street.

Most of these are century-old companies or family businesses.

Companies like Goldman Sachs, Morgan, and the Rothschild family have been developing for over a century.

It began to influence the global financial industry during World War I and also propelled world-class industrial progress.

Individuals are utterly powerless against such conglomerates.

To put it simply, Xu Dai would only be a small fry even if he went to Wall Street.

The ones with real global influence are Jack Ma and Huawei.

No one can say for sure who will be able to stand firmly on this world-class stage in the future.

In any case, Tong Zhelan herself is just playing the role of a small investor in this.

Most of the country's top billionaires are concentrated in this area.

Many high-ranking officials who absconded with embezzled funds also reside here.

Of course, the number of heirs to this place is also the highest in the world.

It has attracted top second and third-generation talents from all over the world.

Even with poor grades, you can get into a prestigious university by donating money; so-called world-class universities are just a means to an end for those who inherit them.

You can get in if you have money.

This is why the country's top billionaires like to donate money here.

(End of this chapter)