The Birth of Shanghai's First Conglomerate

My pockets were full for a short time, but in the blink of an eye they were all gone.

Of his existing businesses, Xin Teng Live is currently the one that has the fastest chance of an IPO.

Once Xin Teng Live goes public, it will become the first listed company in the influencer economy.

This is of great significance.

Since last year, he has repeatedly cashed out his shares in Xinteng Live.

As of now, only 20% of the shares remain.

If we calculate based on 60% cashing out, then we can only cash out 12%.

Fortunately, Xin Teng's live streaming influencer economy is huge, with nearly 10,000 female anchors under his management.

There are 130 people with over a million followers, and about 20 people with over 10 million followers.

A small portion of them came from the trainee competition.

The rest only earn a monthly salary ranging from six thousand to twenty thousand.

That's how the influencer economy works: those who become popular can make a fortune in a short time, while those who don't become popular can only earn an average salary even if they work hard to promote themselves.

As for the staff, their quality varies greatly!

Finding a powerful figure offline is a standard practice.

For female live streamers, if their short videos don't go viral and they don't have big spenders to give them money in their live streams, their income simply won't increase.

Chen Pingsheng didn't bother with these matters, mainly because he couldn't manage them all.

Most of the people who become internet celebrities don't have high levels of education, and it's completely unrealistic to expect them to follow the rules.

The whole industry is like this. In his own words, only a fool would look for a wife in a live stream.

Xin Teng's annual profit from live streaming is between 3 billion and 4 billion yuan, all of which is achieved through product sales.

Based on Hong Kong's price-to-earnings ratio standards, its listing valuation should be between 350 billion and 480 billion.

Second only to his own company, Tencent Entertainment.

Unfortunately, the influencer economy is not very stable; a single official document can shake up the entire industry.

It's hard to say whether the government will step in to restrict it in the future. After all, if you go out and ask around, you'll find that many young people want to become internet celebrities without doing anything else.

If this continues for a few more years, maybe when teachers ask students what they want to do in the future, they will ask them.
In their generation, people would say teacher, policeman, scientist.

The answer from future children might be to become an internet celebrity.

The reason is simple: many scientists do a lifetime's work, but not as much as an internet celebrity does in a year.

Given these factors, the future of Xinteng Live is fraught with uncertainty.

This uncertainty is mainly concentrated on the policy aspect.

The final valuation from Hong Kong was 240 billion, which was half of what was expected.

Chen Pingsheng agreed anyway, as he needed the money to do more things.

On May 12, Xinteng Live officially completed its IPO ceremony in Hong Kong.

He also successfully cashed out 28.8 billion yuan.

Not only did he make a fortune, but Chang Fu also achieved complete financial freedom.

He hasn't touched his own 20% stake.

He has become a well-known newly rich man in Shanghai and the CEO of a listed company with a market value of tens of billions.

He has become the absolute leader in the entire online celebrity industry.

Chen Pingsheng merely cashed out Xin Teng Live, which was affiliated with Kuaishou for survival. Behind him is Tengyou Media, which has grown alongside Douyin.

It's highly likely that we won't be short of money in the coming year.

He stayed in Hong Kong for three whole days before returning to Shanghai, and then went straight to Kingsoft headquarters.

He wasn't alone; he came with Chang Fu, Tong Zhelan, and his wife Yang Qian.

With the strong support of local leaders, those old factories in Jinshan have long since been relocated.

Tengying Town is about to start large-scale construction here, so the demolition process will naturally have to be swift.

The drizzling rain gave the shores of Jinshan Lake a mysterious beauty.

Currently, their family owns Shuiyunjian University, covering an area of ​​over 1,000 acres in Jinshan, with nearly 10,000 students. They also own the Tengying five-star internal charity hotel, both located not far from here.

"Old Chen, the design drawings aren't even finished yet, what are you looking at again?"

Chang Fu and he each held a large black umbrella.

Chen Pingsheng said, "I didn't come to see Tengying Town. There will probably be six to eight thousand top-tier employee apartments built here. These are for newly joined Tengying employees as a transitional measure. In addition to these, I want to buy the entire area and build a Tengying ecological community of over a thousand acres."

"It is our responsibility as bosses to ensure that most of our employees can afford to live here."

"Is there anything wrong with you?"

Chang Fu exclaimed in surprise, "Thousands of acres of commercial and residential land, how much would that cost?"

"It's over 10 billion, which is actually not too bad. The land purchase and construction are expected to cost around 20 billion."

Chen Pingsheng genuinely wanted his employees to own their own apartments in Shanghai.

At least once these houses are built, even if employees buy them with interest-free loans, it will reduce their financial burden significantly.

Anyone who has bought a house knows how high bank interest rates are.

If you take out a loan of one million, you'll have to repay at least 150 million.

He used his own money to buy the land and then used his own money to build it. Just the fact that he saved them bank interest alone would make most people grateful.

Ultimately, businesses must shoulder certain social responsibilities.

Especially those of them who are bosses.

Another crucial point is that building these houses will make it easier to attract high-end talent in the future.

Moreover, this can be considered as him indirectly hoarding a huge amount of commercial real estate.

With 20 billion yuan spent, it's impossible to lose money given the current rate of housing price increases.

Especially since he bought the land and built it himself.

Chen Pingsheng invited Zhao Sheng, a leader in the area, to discuss the sale of over a thousand acres of commercial and residential land. No leader would dare to sell it to him privately.

Ultimately, it still needs to go through the bidding and auction process for land resources.

Buying such a large area isn't something that can be done overnight; the leadership needs to plan out the land first.

At this stage of development, Tengying is no longer just making small-scale efforts to satisfy its employees' high salaries.

They will also take a deeper approach to solving their worries, namely, providing them with a house to shelter them from the wind and rain.

This is also one of his future development directions. For now, he'll build a Tengying Ecological Community of over 1,000 acres here first.

The more money a family has, the greater its social responsibility.

If he doesn't do more good deeds, who will guarantee the safety of his assets?

Chen Pingsheng didn't start using the "Shake" feature at home until May 19th.

This is money he's going to use to build houses for his employees; it'd be best if it were a huge multiple.

"Ding, congratulations host, today's cumulative income is 28.8 billion. Would you like to activate random multiplication?"

"Turn on."

The familiar golden die reappeared, shaking incessantly as it counted one, two, three, four, and five.

Ultimately, it stopped right at the six.

Perhaps the old man with the golden finger knew he wanted to use the money for charity, which is why he offered the maximum multiplier.

One minute, two minutes, three minutes, until more than ten minutes passed, the bank card finally received 172.8 billion yuan.

Isn't that how the money for building the Tengying high-end ecological community came about?

Once this money is secured, his family's total investment in commercial real estate will be around 720 billion yuan.

Taking into account the increase in housing prices over the years, his family's total assets in commercial real estate have reached nearly 100 billion yuan in just a few years.

This investment ratio will not be increased in the next five or even ten years.

In his own words, that was more than enough.

Even if he lived solely on the rent, Chen An'an could live off it for eight lifetimes.

(End of this chapter)