The Birth of Shanghai's First Conglomerate

March, 2017.

He left Huazhong University of Science and Technology in Wuhan on his own private plane.

Thousands of meters in the air.

His secretary, Zhang Wanyi, also gave him a detailed introduction to the effects of the university public speech.

They had always been in traditional fields.

Now that I'm in the technology field, I want to make a name for myself and establish a firm foothold.

That would inevitably require reaching some positive cooperation agreements with the top research universities in the country.

To put it bluntly, the core competitiveness of scientific research products is still people.

That is, top-notch R&D and management talent.

Tencent Group doesn't need marketing, judging from the traffic resources it controls.

All you need to do is produce the best products; you don't need to worry too much about marketing.

This is also the main reason why Tengfei New Energy only released news to the public a year after its establishment.

Chen Pingsheng doesn't pursue dazzling presentations; he only pursues building a truly good car.

Most of China's top billionaires are probably aware that China is undergoing a massive economic transformation.

This process will definitely be accompanied by a period of economic pain.

It might take five years, or it might take eight or ten years.

No one can be sure.

Since the internet era began in 10, the slogan has been "entrepreneurship for all and innovation for all".

Back then, everyone sitting in a coffee shop in Beijing was talking about how to quickly innovate on the internet and how to start their own business.

The government is also giving strong support to internet companies.

Teacher Ma's endless glory, and the era of giants, also began from that time.

To put it bluntly, when the country supports you, you are a giant of the times, and the internet is full of people praising you as a business godfather.

Once the government loses its support, the winds can change in an instant.

Secretary Zhang Wanyi is also a very beautiful office lady, who always wears an elegant white shirt, a pencil skirt, and a blue blazer.

She took out a document sent by the group's information department, "Uncle Chen, after you donated 1.8 million yuan, the group received more than five times more job applications from Wuhan graduates compared to the same period last year. Our next stop is the University of Science and Technology of China in Hefei, Ontario."

The University of Science and Technology of China (USTC) is a university directly under the Chinese Academy of Sciences.

It is a national key university that focuses primarily on cutting-edge science and high technology, while also encompassing medicine, specialized management, and humanities disciplines.

They were heading there immediately.

"USTC is the most important part of our trip."

Chen Pingsheng said, "Yesterday, the Ministry of Information confirmed that Hengda is also preparing to enter the new energy market."

"It's not just about being wide."

Zhang Wanyi explained in a clear voice, "Xiaomi, the king of marketing, recently made its first public statement on whether to manufacture cars. And most importantly, Huawei is also discussing whether to enter the new energy vehicle market at the same time."

"Everyone's here! This industry is getting more and more lively."

Compared to typical internet-based new car manufacturers, these two are potential leaders who could truly change the new energy vehicle industry.

Let's not even talk about Xiaomi; that's just Lei Jun's usual style.

The initial focus will definitely be on price wars and cost-effectiveness.

Few can rival him in marketing.

As for Huawei, it is known as the industry's parasite.

This is not a low-level evaluation, but the highest recognition it has received from the entire business community.

Wherever it goes, its rivals tremble in fear.

The so-called "industry parasite" means leaving no chance for competitors at all.

Once Huawei phones start offering competitive prices, prices will come down.

That would basically leave only two or three companies in the entire industry.

No one can withstand its scientific research strength.

This is also the only domestic brand that can compete with Apple in the high-end market.

Chen Pingsheng said, "Xiaomi doesn't need to be concerned. Huawei is the real industry competitor. As for Hengda's Xu Pipi?"

"This is not someone who can do good scientific research and product development at all. You don't even need to look at anything else; just look at Hengda's flamboyant corporate culture these days, and you'll know."

"Xu Pi entered the new energy sector simply because he knew that the turning point in the real estate market was coming soon. Hengda owed so much money, and if it didn't find a new pillar industry to tell its story, how could it continue to play this game of robbing Peter to pay Paul?"

"Just watch, Hengda's car manufacturing is destined to be nothing more than a grandiose gimmick that makes a lot of noise but delivers nothing."

Three new rivals are coming soon.

One is the king of marketing, known as the industry's price killer.

One is a vital national asset, and the undisputed king of the domestic scientific research field.

Another one is the Belt Guy, who is incredibly successful and has a lot of money in his hands.

The fact that all three of them entered the new energy vehicle manufacturing market at the same time shows that this industry is destined to undergo an unprecedented transformation.

It can be said that most of the new energy vehicle manufacturers that entered the market in the first half of the year did so because of government subsidies and support.

And they will come back to join the game in the second half.

They were all true industry giants, firmly believing they had the ability to surpass the hundreds of competitors ahead of them.

It's easy to understand why Mijia wants to focus on new energy.

The so-called king of marketing must inevitably step into the center of traffic.

The once-booming smartphone industry has ceased to be a hot sector ever since Luo Yonghao, the industry's jinx, entered the fray.

In the next decade, new energy will undoubtedly be the world's leading trend.

It is also the only world-class opportunity that has the potential to replace real estate as a new pillar industry in China.

These data alone explain why so many people are eager to get involved in the new energy sector.

Especially for these top players in the industry, it's impossible for them to miss out on such a world-class opportunity.

Especially in times like these, he needs to accelerate the market layout of Tengfei New Energy.

Currently, the core market competition is still focused on talent.

Whoever can secure a large number of research talents in the field of new energy will have the greatest potential.

……

Traveling thousands of miles.

Chen Pingsheng went from Huazhong University of Science and Technology to the University of Science and Technology of China, as well as Xi'an Jiaotong University, Shenzhen Polytechnic University, and other top-tier universities in China with the strongest scientific research capabilities.

More and more information about him is also appearing online.

First, on March 7th, he donated 180 million NTD to Huazhong University of Science and Technology.

He then donated 250 million yuan to the University of Science and Technology of China, which has a higher ranking, and donated between 150 million and 200 million yuan to each of the schools he visited afterward.

This truly proves the saying: "People fly in the sky, while money is scattered on the ground."

In less than half a month, he conducted six campus recruitment drives and participated in 12 research conferences at various universities.

The total donations amounted to 11 billion yuan, none of which were made in his personal name.

All donations for university research projects were made in the name of Tengfei New Energy.

At the headquarters of Tengfei New Energy, the number of job applications received was as thick as snowflakes.

He found his trip very rewarding, as all the students there were graduates in related fields.

March 20th. Shocking news came from the headquarters in Shanghai.

The Shanghai government actually wants to bring Tesla, a new energy giant, to build a factory here.

Before the news could be spread, the local government informed him first.

In the current new energy vehicle market, there is no domestic company that can compete, and the subsidies over the years have not been very effective.

Introducing Tesla as a catalyst to stimulate the entire industry is still very beneficial.

Upon receiving the news, Chen Pingsheng immediately returned to Shanghai and, at the invitation of local authorities, spent two days having afternoon tea with them.

Only then did I learn about the specific progress.

He no longer needs to consider things like Xiaomi's high-end belts or Xiaomi products; Tesla is undoubtedly the number one giant in this industry.

If Musk were to enter the domestic market, the entire new energy market would inevitably be disrupted by him.

There are advantages, but there will inevitably be a lot of competition as well.

It depends on the specific regulations for the introduction of such projects by the local authorities.

It's important to know that even a giant like Toyota has to establish joint ventures in China, with explicit regulations specifying the percentage of shares that local governments must hold.

Tesla will face numerous restrictions if it wants to enter the market.

When Chen Pingsheng returned home, he found that his wife was not there.

He then drove to the headquarters of Shuiyunjian, which was famous for its large female army.

They were all young girls, and each of them was dressed quite well.

When he arrived, they greeted him with "Good afternoon, big boss!"

Chen Pingsheng waved to them as well; his wife worked on the top floor.

Song Yanxi extended the meeting time after she learned that he had arrived.

She'll decide whether to open it after she and her husband have discussed it.

"Honey, why did you suddenly come here?"

"Let me ask you how much money you have left in total?"

Um… Song Yanxi was a little surprised, as she knew exactly how much money was in her own bank account.

"Adding the 48 billion that was auctioned off before, and the dividends from the past few months, it's about 55 billion. What's wrong? Do you have something important to say?"

"Yes, convert everything to Hong Kong dollars, then convert the Hong Kong dollars to US dollars, and use them to acquire Tesla shares on Wall Street."

Tesla is going to enter the Chinese market – this is top-secret insider information.

Once this is confirmed, the stock price is bound to soar, considering that China has the world's largest domestic market.

That's how stock trading is sometimes; you can make small money through analysis, but to make big money, you need insider information.

He only has $600 million left, which he can use for a big reason. He will use $200 million to acquire shares in Deer Antler Coffee, and the remaining $400 million cannot be touched for the time being.

He could use all the money from his wife's account to speculate on Teslas.

Their family has headquarters in Hong Kong and Wall Street, so they can handle these kinds of things very quickly.

5.5 billion RMB is approximately equal to 750 million USD.

As of March 24th, New York time, Tesla's total market capitalization was approximately $36 billion.

Their family expects to use this money to buy 2% of Tesla's total shares.

He's not the only one speculating on Teslas.

At the same time, Tencent also spent $17 billion to buy Tesla stock.

It is expected that we can obtain 5% of the total shares.

He's not the only one with inside information; if not now, when?

Given the current situation in China, the new energy market has at least another ten years of golden opportunity. He's determined to hold onto this share for at least three to five years before making any further moves.

To date, he has invested in a total of three major companies.

These are 3% for Pinduoduo, 2% for Meituan, and 2% for Tesla.

These three investments are also what he considers the most valuable long-term investments.

Pinduoduo and Meituan are still raising funds everywhere, and he can just follow along.

Libao shares will not be diluted before they are cashed out.

Song Yanxi didn't even ask him why he suddenly wanted to invest all the family's funds in such a foreign listed company; her husband always had a reason for doing things this way.

Just firmly believe and understand.

"Yanxi, your belly is getting bigger and bigger. Don't come here too often. If you need to have a meeting or something, you can tell them to come to your home."

"It's not as delicate as you think."

Despite her large pregnant belly, Song Yanxi said, "I'm just here for a meeting, what's there to worry about?"

"Anyway, we still need to be careful."

Chen Pingsheng said, "I visited all the top universities in China this time. The biggest regret of our lives is probably not being able to go to university during our adolescence."

"Who said it wasn't?"

Song Yanxi poured him a cup of tea. "Don't think too much about it. Life is pretty good now. Maybe you can even become a university teacher when you get old."

"With my educational background, what kind of teacher could I possibly be?"

Chen Pingsheng said with a smile, "Our family still has many places to spend money. When I went upstairs for afternoon tea the other day, they asked me, intentionally or unintentionally, if I wanted to build a Tencent headquarters in Shanghai. They still hope that I will build it."

"Do you want to?" Song Yanxi asked him, tilting her head.

“I really want to,” Chen Pingsheng said. “Look at how we’ve been buying headquarters all over the years, one here and one there. It looks pretty good, but because it’s so scattered, we have to give two days’ notice for every senior management meeting, and we can only hold some emergency meetings via video.”

"And the most crucial thing is that when college graduates first join the company, we still have to rent apartments for them, which is a huge expense in itself. I do have the idea of ​​building the headquarters of Tengying Group's industrial park."

Song Yanxi asked, "How much investment is needed?"

Chen Pingsheng thought for a moment, "It depends on the scale. We have so many listed companies now, with at least 100,000 employees at the national headquarters. If we were to build a group industrial park, we would need at least six office buildings, five top-tier residential apartments, plus supporting green spaces and all sorts of infrastructure, as well as land purchase funds."

"It probably won't be possible to handle this without 15 billion."

15 billion seems like a lot, but it's only the price of that headquarters building in Hong Kong.

He does now want to buy several hundred acres of industrial land to build his own group industrial park.

He can design everything inside as he sees fit.

The price of industrial land is not too high. The highest-priced industrial land transaction in Shanghai this year was still in Minhang District.

The transaction price was 102 million yuan per mu.

Residential land is the most expensive; if you want to build a top-tier apartment building, you have to buy residential land.

Buying the land will probably cost over a billion yuan; there's no way to save that money.

Chen Pingsheng is currently only discussing this with Song Yanxi, as his family cannot come up with 150 billion yuan right now.

It's easy to get money through loans, there's no need for it.

He also needs to spend $200 million this month to acquire a 10% stake in Deer Antlers Coffee on Wall Street, leaving him with only $400 million.

There is simply not enough to spend.

It seems we still need to expedite the IPO of Ling Shi Kuai Pao and Xin Teng Live.

Otherwise, he wouldn't be able to turn around here.

With its current scale, Tengying Group definitely needs its own industrial park.

This isn't about saving face; the main reason is to make the entire group operate more efficiently.

Chen Pingsheng advised Song Yanxi to be more careful and suggested that she simply work from home from now on, since his house was so big.

(End of this chapter)