The Birth of Shanghai's First Conglomerate

Huazhong Technology.

985 and 211 Double First-Class Universities.

It is also one of the top fifteen comprehensive science and technology universities in China.

It is also the university with the largest land area, covering more than 7,000 acres.

The green area accounts for 72% of the total area, and there are more than 30 canteens alone.

Studying at such a university offers unparalleled advantages over ordinary universities in terms of connections, experience, and entry into the workforce.

The first thing you see is the statue of Chairman Mao, with the School of Computer Science building behind it.

The most famous graduate of Wuhan University is undoubtedly alumnus Lei Jun.

Among the most famous alumni of Huazhong University of Science and Technology are Zhang Xiaolong, the father of WeChat, and Huawei's Wanzhou.

The third month of spring.

It's destined to be a sleepless season for college graduates.

Because they will graduate in a few months, this period is mainly for them to choose companies or submit resumes to find jobs.

of course.

Because Huazhong University of Science and Technology has a strong background, it will definitely attract countless excellent companies to the campus for spring recruitment.

This includes Huawei, a pillar of the technology sector.

Working for Huawei is a dream for countless ordinary students.

After all, the high income over there is well-known, as is the long hours.

You reap what you sow.

Tengfei New Energy is a newly established technology company that is not very well-known in the country.

Huazhong University of Science and Technology posted its admission brochure and the speaker's background information on March 6th.

Compared to well-known giants like Alibaba, Tencent, and Huawei, Tengfei is just a newcomer.

Even though it was his first time at Huazhong University of Science and Technology, very few people signed up for his recruitment lectures.

It was clearly not as lively as those well-known large companies.

Jiang Yan, a brilliant female college student about to graduate from Huazhong University of Science and Technology, clearly noticed this rather unremarkable admission brochure.

"Jiang Yan, you've already received an offer from Huawei, is it really necessary for you to look at these things with us?"

Although Huazhong University of Science and Technology has a strong background, not everyone can get an offer from a big company.

It's only a very small number of people.

Jiang Yan has been working very hard since she entered the university, which is also a college full of top students.

If you can make it in this field, your future is destined to be bright.

Having received an offer from Huawei before graduation, Jiang Yan is undoubtedly very outstanding.

"Can't I just look at it?"

"This looks really strange."

A student pointed to the recruitment poster for Tengfei New Energy and said, "It only introduces Tengfei New Energy as a new energy vehicle manufacturing company, but it doesn't mention Chen Pingsheng, the speaker of this recruitment speech, at all."

“He’s completely different from other speakers who have all sorts of titles. And our professors all say that if you’re free in the afternoon, you should definitely go to his lecture. He’s not famous at all; I’ve never even heard of him.”

It's the information age.

Information about well-known entrepreneurs or corporate executives can be found online.

The classmate even took out his phone to look up this Chen Pingsheng, but the only result was that it showed him as the president of Teng Hui Capital.

Tengfei New Energy has no brand recognition, and Tenghui Capital is even less well-known among ordinary people in China.

Although the companies that can get into Huazhong University of Science and Technology's campus recruitment are all extraordinary.

It's quite puzzling that such a company, which I've never even heard of before, suddenly appeared.

In March, springtime, the temperature is still slightly chilly.

With her clear eyes and pure features, Jiang Yan was wearing a thin white down jacket.

Speaking of a female academic star like her, who follows the same pure and beautiful image as Chen Duling, who wouldn't love her?
Chen An'an squeezed through the crowd, giggling.

It's no wonder that her father isn't famous at all here, since her family doesn't have any major businesses in Wuhan.

"Are you going to participate this afternoon?"

"I'll go take a look, but I can also prepare my application materials for Tencent while I'm there."

Goodness... this is indecisive, clearly indicating he doesn't want to work for her company.

She's just keeping her dad as a backup option.

If this were in Shanghai or Beijing, her father would simply say he was going to give a speech at a university.

It will definitely be packed.

Chen An'an immediately ran to tell her father.

Chen Pingsheng was still in the office of the president and others. Huazhong University of Science and Technology has 39 research centers established by postdoctoral fellows.

Every year, they export some patents or academic achievements.

A university like this cannot survive on the meager tuition fees paid by its students.

It's not even a drop in the ocean.

The key is still relying on national support funds and donations from various organizations of well-known alumni.

For example, Tsinghua University's annual budget and total science and technology funding in 2016 amounted to 143.14 billion yuan.

Tuition fees alone are far from enough; we also need support from businesses and the government.

The more famous a university is, the higher its funding for science and technology will be.

Chen Pingsheng only glanced at the technological achievements that Huazhong University of Science and Technology is currently researching, and he has not yet decided to donate to Huazhong University of Science and Technology.

This did not prevent the principal from chatting with him about everyday matters.

For most people, the most striking thing about Tencent Entertainment Group is its ability to control a large part of the entertainment industry.

For those in high positions or government officials, the Tengnong breeding project he undertook was the most meaningful.

After all, this is the first time that a top domestic group has actively supported agriculture, with an investment of up to 5 billion yuan.

Compared to Tengying Entertainment, Tengnong Aquaculture is more meaningful.

Chen Pingsheng also gave a brief introduction to his own Tengnong breeding business.

After Tengnong Livestock invests nearly 10 billion yuan in the southern province, its next step may be to invest in Wuhan, a neighboring province.

In addition, he also emphasized Tengfei New Energy.

Unlike those new car manufacturers that fraudulently obtain subsidies, he has never received a single penny of government subsidies.

They didn't even try to raise funds in the capital market.

The new energy industry in 2017 was also described by many as a hotbed of scammers.

It has a terrible reputation.

It's mainly because these domestic businessmen have ruined it; there are beautifully designed PPTs everywhere, but no actual cars in sight.

One unfinished project after another.

More than 90% of them received government subsidies but did nothing of substance.

……

One p.m.

Hundreds of students gradually entered the university lecture hall.

That sounds like a lot, considering this is the largest lecture hall that can hold two thousand people.

It also serves as a venue for the student council to organize various performances.

Jiang Yan arrived at a perfect time, neither too early nor too late. If she had arrived just in time for someone from Alibaba's Tencent to give a speech...

This place is already packed; there's no way there are any empty seats left.

After all, they are all top students from Huazhong University of Science and Technology, a double first-class university, so when it comes to choosing employment, they naturally prefer well-known domestic companies.

Although the boss of Tencent won't come here, the presence of someone from the administrative or human resources department would make this lecture hall packed with people.

Who can blame them for being so famous?

As for Chen Pingsheng, his reputation only circulates among the top echelons of the business world; there is no legend about him among the general public, including in the university sector.

This was also his first public speech directly addressing a university.

Jiang Yan thought this would be an ordinary campus recruitment speech, until she saw her university professor sitting next to her.

In addition, several economics professors, department heads, and vice presidents also came.

That's when I realized this speech wasn't so simple.

Moreover, the students in the crowd repeatedly made a commotion and whispered among themselves.

"What's going on? Even economics professors are here, is she applying for a job too?"

"What nonsense are you talking about? Even economics professors at Huazhong University of Science and Technology can hold special positions as experts in economic research institutes at the city or provincial levels."

The provincial and municipal economic research institutes naturally have many experts and scholars.

He works there as an economic research expert.

Its main responsibilities include researching various economic policies, cooperating with local governments to formulate economic development guidelines, and introducing various industry and financial policies.

From this, you can see that every economic research expert who can hold a temporary post at a provincial or municipal economic research institute must have a very high status and position.

Not to mention that all of them came to listen to the lecture, and they even brought their notebooks.

The uproar among university students did not change the fact that Chen Pingsheng was not well-known; it simply meant that even more students came afterward.

Chen Pingsheng did not officially take the stage until 1:00 PM.

Jiang Yan could see him clearly even from the front seat; he was dressed in a well-fitting black Armani suit with a white shirt.

Add a stylish side-swept hairstyle, and you'll have the best figure you can achieve by middle age without gaining weight.

He's not exactly handsome, but he definitely has a great presence.

Beside him was his secretary, Zhang Wanyi, who prepared his presentation slides.

So that everyone can better understand and clearly know what he is talking about.

"Good afternoon, everyone. First of all, please allow me to introduce myself. I am Chen Pingsheng, the boss of Tenghui Capital."

"You may not know this investment company registered in Hong Kong, but you should have heard of its holding companies, Tencent Entertainment and Tencent Group."

The whole place was in an uproar again.

They were so low-key that the boss of Tengying Group personally visited Huazhong University of Science and Technology before they even found out.

His status is only slightly lower than that of the internet giants Jack Ma and Pony Ma.

of course.

It certainly can't compare to famous alumni of Wuhan University like Lei Jun, after all, he built a Fortune 500 company in just a few years.

Even setting aside a few of the top tycoons in China, Chen Pingsheng's identity would still shock countless students.

Especially since it's Tencent Film Group, which has always been known for its high salaries, countless people in the four major first-tier cities dream of interning at Tencent Film Group.

I've never heard of the owner of Tencent Pictures personally going to universities to conduct campus recruitment.

A sense of pride welled up within me, a sense of accomplishment that comes from Huazhong University of Science and Technology (HUST). "Today, I am also here at HUST to conduct official campus recruitment as a startup. I will take a few minutes to introduce this new energy vehicle company that I have invested in."

"Tengfei New Energy was established in March 2016, and in June it invested 12 billion yuan to build a modern super factory in Shanghai."

In July, another 6 billion yuan was allocated to build the Tengfei New Energy Industrial Park, which includes three headquarters buildings and eight R&D centers.

In August of the same year, it acquired the largest lithium iron phosphate battery factory in China for 5.2 billion yuan and renamed it Tengde Times.

"Within a year, we invested over 20 billion yuan to expand our battery R&D center, and recruited a research team of over 5,000 people to tackle battery technology. To date, we have applied for over 500 battery patents."

"Over the next five years, I personally expect to invest more than 80 billion yuan in this until it becomes globally competitive."

"Many people may not know that the three core components of new energy are batteries, motors and electronic controls, and intelligent driving."

“Not only have I made large investments in the battery field, but I have also invested no less than 20 billion yuan in motors, electronic controls and AI intelligent driving in just one year.”

"To date, Tengfei New Energy has invested over 65 billion yuan, and will invest at least 20 billion yuan in R&D in the next year, and has established its own overseas research centers in several developed countries."

"Many people may not understand why I would spend 60 or 70 billion to build cars when I could have done it with 10 billion in contract manufacturing. Isn't that stupid?"

"To be honest, that's how my peers laugh at me."

Chen Pingsheng turned around and talked about some of his experiences. "I went to Manhattan a while ago. Many students may not understand the significance of corporate research."
"Let me tell you this: after Google's AlphaGo AI defeated the South Korean world Go champion, did you think that AI was just used to play Go and do some simple program calculations?"
"No, in the future it may eliminate more than 90% of assembly line workers, and AI can even chat with you, draw pictures, clean your house, and so on, in any application scenario you can imagine."

"With the continuous research and development breakthroughs in AI technology abroad, it can achieve all of these, and even directly help you write computer programs."

"This is the AI ​​era that foreign countries have been talking about."

"And its biggest threat to our country lies in the fact that it can infinitely narrow the advantage brought about by the population gap through AI artificial intelligence."

"It can replace two or even more assembly line workers with just one robot, and it can work 24 hours a day. In this process, even the wages are saved. It only requires the cost of buying the robot and even the program fee for using the robot."

"Can you imagine how much of a blow it would be to the super-large contract manufacturers in China once foreign countries achieve such technology?"

"How many people will face unemployment during this process?"

It was a very serious topic, and Chen Pingsheng was telling them that the era of scientific research was coming.

It's no longer realistic to make money through contract manufacturing or cheap labor.

Times are changing, businesses are changing, and people must change with them.

"Speaking back to our new energy vehicle manufacturing, our history of car manufacturing is over a century. We can't keep up with gasoline vehicles, and new energy is just starting out. The country has also invested heavily in supporting us all the way, with tax exemptions, subsidies and other policies emerging one after another."

"Why do we do this? Look at this data: in small countries, the automotive industry accounts for 40% of the total industry, and in Germany, it's as high as 50%."

"One automobile supports many modern industries and is a pillar industry for two developed countries."

"In the future, it is simply unrealistic to compete with century-old car companies like this without our own core technologies, relying solely on contract manufacturing or cheap labor."

"As mentioned earlier, foreign countries can use robots to replace production. No matter how cheap your labor is, it will definitely not be as cheap as a robot that can be used simply by charging and installing a system."

"Therefore, the future era is destined to be the era of scientific research, and whoever can truly master revolutionary technologies will have the power to set market prices."

"Our Tengfei is just a beginner on this path, and its future needs more outstanding students from China to protect and support it."

Chen Pingsheng didn't utter a single word praising his own company, but the hundreds or thousands of students below could hear the power in his words.

Even though Jiang Yan had already received an offer from Huawei, she still had the idea of ​​joining Tengfei New Energy immediately.

Looking at the job postings from Tengfei later, most people felt disheartened.

It doesn't accept just anyone.

The recruitment focuses on three main categories of R&D related to new energy.

First, graduates majoring in electrical engineering and automation.

This area mainly involves electrical systems and their control, and power systems and their automation.

There is also a major in polymer materials.

The main research and development focus is on power batteries for new energy vehicles and the development of polymer materials.

And the design and development of drive motors for electric vehicles.

The battery industry has reached a bottleneck in its development, so more talent is needed to participate in the research and development of battery products to break through this bottleneck.

Another one is electronic information-related majors.

The main research and development areas involved are the development of intelligent A systems for new energy vehicles, as well as intelligent vehicle networking and voice control systems.

The intelligentization of new energy vehicles is an inevitable development trend of the entire automotive industry, and therefore, it is indispensable for talents with majors in electronic information engineering to join the industry.

The main recruitment targets are these three sectors.

As for salary and benefits, they are basically the same as Huawei's, or even higher.

It also uses a basic salary plus an annual bonus, as well as various other bonus models.

Unlike Huawei, Huawei has higher profits, and its employees can receive a large sum of money through annual stock dividends.

It's uncertain whether the company will be profitable within five years, so the basic salary for R&D personnel is over 18000.

The specifics depend on the annual performance evaluation and the increase in base salary based on years of service.

That is, basic salary.

The minimum salary is 16 months' wages per year.

The starting annual salary for R&D personnel is approximately 288000.

There is a housing allowance for new employees, and those who do not want the housing allowance can apply to live in the employee apartment for free for six months.

This is a benefit that all new employees of the entire Tengying Group receive.

In addition, every newly hired college graduate can receive a graduation bonus of 50,000 yuan.

This is a personal reward from Chen Pingsheng to everyone.

This starting salary is already the ceiling for countless working people.

Many people work their whole lives and never reach the threshold of an annual salary of 300,000.

You can get a job right here, plus free meals and accommodation, and a 50,000 yuan signing bonus.

With these qualifications, ordinary college students simply cannot get in; you need to be an academic superstar.

Reading is definitely useful, but the key is to excel in it.

It's neither high nor low, basically a few thousand yuan a month.

Huazhong University of Science and Technology has 20,000 to 30,000 students, with several thousand graduating each year.

Tengfei New Energy only selects the top batch from this group.

Most of the remaining people still have to work in ordinary factories.

It's simply impossible to earn an annual salary of 300,000 yuan and a series of generous benefits right after graduating from school.

He would sit here quietly and answer some questions from college students.

No matter how high their education level is, their age and social experience are still what they are after all.

Many of the questions raised were rather superficial.

Just like how many people are concerned about how to become a billionaire within a year.

Chen Pingsheng really wanted to say, "You're dreaming."

If you want to become a billionaire within a year, you first need to have a father like Principal Wang.

Go home, open your mouth and ask for help, and you'll become a billionaire through entrepreneurship.

Otherwise, it's impossible.

Don't treat a one in ten thousand chance as an opportunity; it's meaningless.

In addition, some students asked him if joining Tengfei New Energy would allow them to see big stars frequently.

Chen Pingsheng answered no.

It has no other relationship with Tencent Entertainment except that it shares the same owner.

Jiang Yan also raised her hand and asked a question: What if Tengfei New Energy fails?
Chen Pingsheng's answer was very direct: even if he lost, he would still be a top-tier tycoon, while the employees inside would have to collectively find new jobs.

For him, it was just a loss of tens of billions, but for the employees there, it meant the loss of an important job opportunity.

Therefore, the boss doesn't have to work as hard, but the employees must.

He was very sincere and simply told you the result honestly.

They wouldn't say things like, "I want to fight for the country" or "Strive for excellence."

Unlike Belt Guy, who has everything he does, he doesn't belong to the government.

Anyone who says that is either heavily in debt or a fraud.

Even without Tengfei, he still has Tengying Group, Tengde Times, and Tengyou Media.

How much impact will it have on his personal life?

Therefore, this question is completely invalid.

Do your best, plan for the best, and accept the final outcome with equanimity.

Some college students also asked how they could get into Tencent Film Group.

Chen Pingsheng answered truthfully that he would need to apply to the headquarters of major companies in Beijing, Shanghai, Guangzhou and Shenzhen, and that Tencent Pictures does not currently have a headquarters in Wuhan.

Towards the end of his speech, he wished all students could find their ideal career and job.

He will then be giving public speeches at four top research universities, marking the first time he has brought Tengfei New Energy to the forefront.

If there weren't such a severe shortage of R&D talent in this field, he wouldn't need to give this speech himself.

However, given his status, the news spread throughout Huazhong University of Science and Technology afterward.

The boss of Tengying Group personally came to the school to recruit students.

Countless people who had never attended the lecture were filled with regret and despair.

You can only find information about such bosses online; you'll never actually meet them in real life.

Such chance encounters only exist in TV dramas.

They travel by private jet, and there are escort cars in front and behind them when they travel on the road.

If you try to say hello from a distance, you'll receive a serious warning from the bodyguards in front of you.

How can we create a chance encounter like this?
As he left that evening, Chen Pingsheng also donated 1.8 million yuan in cash to Huazhong University of Science and Technology in the name of Tengfei New Energy.

As soon as the news broke, major financial media outlets, especially those in the northern province, began reporting on it.

That same evening, Tengfei New Energy received over 600 resumes and job applications from graduates in related fields.

This also includes Jiang Yan, a genius girl in the field of electronic information.

Huawei is certainly good, but it has been established for twenty years.

It would take at least seven or eight years to climb up the ranks in such a large factory.

It's far better to take the risk and join a newly established large company.

The main reason is that Tengfei New Energy is backed by Tengying Group. With such a powerful background, she believes there is a high probability of success.

If she succeeds, she will become a veteran employee, an opportunity that is far more attractive than directly joining a large company.

Take Alibaba, for example. In its early days, even a receptionist could rise to the position of president and become a billionaire.

Now that you're older, do you think any receptionist can achieve the same results?

This is the benefit of companies joining early.

Many with a long-term vision would be willing to join these new types of science and technology innovation enterprises. (End of Chapter)