The Birth of Shanghai's First Conglomerate

A very real problem is looming before us.

If that Worry-Free Restaurant really is owned by Teng Ying, then what should they do?

Although they themselves felt that this conjecture was a bit too far-fetched.

After all, who is the big boss of Tencent Pictures? No one would disagree that he is a business legend of the past five years!

The senior student said, "Qian, do you think we'll actually run into him?"

Li Qian's mind was still reeling; she was still thinking about how she had just drunk a bottle of Romanée-Conti worth millions.

It's simply outrageous.

"It can't be that bad. If it were really that coincidental, I'd think it was an incredible coincidence."

"Don't even mention you, I feel the same way."

The wine shop owner's name is Qin Lin, a true local of Shanghai.

After accumulating some wealth through land expropriation compensation, the family rapidly expanded their wealth by continuously speculating in real estate.

When he took over, he naturally started the luxury goods recycling business again.

Specifically, this includes a range of top-tier luxury goods such as wine, handbags, and watches.

Don't underestimate this kind of business; the profits are extremely high.

It's not something just anyone can do; when the market is good, it's easy to earn tens of millions a year without any problem.

"Do you know what's most admirable about the big boss of Tencent? It's not how much money he has, but that he truly stands out from the crowd."

"Let me just mention one that I know. Not to mention the numerous listed companies under Tencent, as long as we leave this urban village, we can't avoid their businesses. They have restaurants, milk tea shops, supermarkets, coffee shops, snack shops, and even the movies we watch and the short videos we scroll through."

According to statistics, Tencent has more than a million employees. Whether they have left or are still working, not a single person has a bad word to say about the big boss.

"Do you know how terrifying it is for a boss to reach this level?"

"I've also heard that Tengying Group's employees have the highest happiness index in the industry, and their income is also among the best in the industry."

The senior student said, "Employee happiness index and income alone are not enough to make the big boss of Tengying respected by everyone. The key is his way of dealing with people, which is too unique."

"He even prioritized employee interests above all else in several IPO attempts, sacrificing the stock price for this purpose."

"The most typical example is Fei Yang Yang, a catering giant with thousands of directly operated stores across the country, an industry star that becomes a hit wherever it opens, yet its market value is only a little over 10 billion. Who would believe that?"

"I've heard this from a few friends who work in investment twice. When the company went public, the capital market demanded that the salaries of Boiling Sheep employees be reduced and the company's net profit be increased. If the big boss of Tencent Pictures agreed to this suggestion, the valuation could be doubled directly."

"If this were a typical boss, he would probably have agreed long ago. After all, employees are just tools for making money. They may talk a lot about morality, but when it comes to actually abandoning them, they won't hesitate at all."

"The big boss of Tengying is different. He said something that is still considered unconventional in the capital market: the listing of a company is not the achievement of the boss alone, and he should not sacrifice employee income to increase the company's market value."

"Such an IPO would be meaningless."

"As a result, Boiling Sheep's stock price is still severely undervalued. This is not the only case. Almost all of Tengying's physical businesses are like this. Most of the profits generated by the companies are used to guarantee employee income, and only a small portion is given to shareholders as dividends."

"What do you think we should do if we encounter a big boss like that? How can we get close to him without making a sound?"

Among entrepreneurs whose ultimate goal is to cash out capital, the big boss of Tencent is indeed a bit out of the ordinary.

His unconventionality is not limited to just one aspect.

Rather, it involves the entire business operation.

Someone once suggested internally that employee salaries should not be too high, as it would discourage employees from striving for success.

This person is also a renowned expert and scholar.

The boss of Tengying directly criticized him for not doing his job properly and said he should go home and ask his wife if his low salary was enough to send their child to a good school.
Many people like this have been fired by the big boss of Tencent Pictures.

Some have suggested that companies should prioritize serving the capital market after going public.

It means maximizing profits and then raising the stock price.

Choosing to betray employees in exchange for serving a small number of capital markets is utterly despicable.

Such people are also dismissed.

Going public is not an individual act; it is the result of the collective efforts of tens of thousands of employees.

Any idea of ​​abandoning employees is extremely dangerous.

To put it bluntly, capital serves only a few people, but has tens of thousands of employees.

Which is more important or less important depends on how you handle it.

"Despite the constant stream of news about Tengying Group, the big boss of Tengying is actually very low-key."

Qin Lin said, "Both the government and our Shanghai Chamber of Commerce have invited this big boss to participate in some public speaking events many times, and even put his name next to Teacher Ma's, but he refused."

There are no public speeches by the big boss of Tencent Pictures online, only some of his remarks at employee meetings or shareholders' meetings.

"Take this example of Tengying Group purchasing over a thousand acres of residential land out of its own pocket. Tengying's boss said that any family is unhappy if its housing expenses reach 30% or even more than 50% of its total income."

"Because that would severely squeeze their living space in other areas, it would take three generations to afford a commercial apartment. This is by no means a normal market economy, let alone a reasonable expense for a family."

"High mortgages only cramp the living space of most employees and do not bring them good creativity. Imagine if the first thing you think about when you wake up every day is how to pay your mortgage, can you still be creative at work?"

"It is precisely because of this that the big boss of Tengying spent 13 billion yuan of his own money to buy land and build high-end affordable housing for employees, while also providing interest-free loans to the company's employees."

"Currently in China, no other boss has done this much. Even though the benefits and treatment at Tencent Group far exceed those of its peers, they have never publicly boasted about it online. It's simply because the big boss of Tencent Group feels that this is what an entrepreneur should do."

"Look at this, what a great vision! If you ask me, we should promote this kind of boss more online. It's a pity that the big boss of Tencent is too low-key. He is so low-key that he is unwilling to speak in any public occasion and does not want any news about him to appear online."

"Tell me, if that Chef Chen who cooks really is him, I can't believe how I would look at him with such admiration."

Small business owners like Qin Lin, who run the secondhand luxury goods industry, are always well-informed about insider information. Remember that "Shanghai Emperor" who recently went viral online?

It's nothing, just a way to introduce rich kids to gambling in casinos.

Compared to a true entrepreneur like the boss of Tencent, he's not even worthy of carrying his shoes.

Unfortunately, someone of their status wouldn't stoop to showing off online, much less constantly hype up trivial matters online.

Li Qian was increasingly alarmed as she listened; she had only known that the big boss of Tengying was rich.

His status and position are among the highest in the entire city of Shanghai.

Several business battles shocked the entire Shanghai and Shenzhen stock markets, and even caused endless waves in the capital market.

The rapid collapse of Huayi, a company with a market value of hundreds of billions, led to the dramatic departure of Jia PPT, a business legend, overseas, and the dramatic fall of the ReTV empire.

All of this made him a household name in the business world and even among major corporations.

If Jack Ma and Pony Ma ruled an internet era, then this big boss of Tencent Pictures is all the rage in traditional fields.

With forward-thinking and absolute business logic.

By combining entertainment with traditional business in a new era, Tencent Entertainment has quickly established a foothold in multiple traditional sectors.

And it has successively become the number one in the industry.

Judging solely from Tencent's entrepreneurial experience over the years, he has already become the undisputed number one in the entertainment industry.

It achieved the top spot across all categories, including movies, TV series, short dramas, and even variety shows.

Artists throughout the entertainment industry consider it an honor to sign with Tencent Pictures.

Because there are no unspoken rules there; as long as you have the ability, you can get the resources you want.

Moreover, what's most remarkable is that it has already dominated the entertainment industry and has an artist signing model that is beyond imagination in the industry.

Artists keep 90% of their earnings and 10% goes to the company.

With this kind of treatment, who wouldn't want to join Tencent Entertainment?

It is precisely because of its most attractive benefits that it can continuously attract outstanding artists to join.

This further solidified its dominant position in the industry.

In the next five or even ten years, it's unlikely that anyone in the entertainment industry will be able to surpass Tencent Entertainment.

Its market value has also risen to 1600 billion.

This is incredible in the entire entertainment industry. You have to know that the entire industry can't generate more than 20 billion yuan in net profit in a year just by making movies.

Its market value has already exceeded 1600 billion.

This shows that Tencent Entertainment has surpassed the entire industry.

It has established a comprehensive presence across all platforms within the industry.

Not to mention Tencent Entertainment, even its milk tea, coffee, snacks, and high-end beauty products have all become number one in China in a short period of time.

It's no exaggeration to say that they would love to have close interaction with a boss like that.

That would be an incredible stroke of luck.

At least that's what Li Qian herself thinks.

It's hard to imagine that someone could achieve such results in just ten years.

And that chef Chen, who stir-fries the food, is actually the big boss of Tencent Video.

That would be even more terrifying.

To raise his daughter, he was willing to humble himself and work as a chef in a rural urban village.

What a vision this is, and what a great father he is.

In fact, the most praiseworthy thing about the big boss of Tencent is that he has remained faithful to his wife all these years.

Even though the entertainment industry is full of beautiful women, and even though he could easily have countless beautiful women at his fingertips, he remained unmoved.

He loved only his wife.

Isn't this the kind of man every woman in the world dreams of?

According to rumors, it was because his wife resolutely chose to marry him when he had nothing.

I'll stand with him at the roadside stall, weather the storms with him, and then accompany him to rule the world.

Perhaps only in this way can she gain the envy and jealousy of women all over the world.

Only a woman like her deserves such happiness.

This is completely different from the "fairy girls" of today, who are unwilling to suffer with men.

I just want them to have everything, and to be unique to me. I can only say I want too much.

Li Qian really wanted to ask, "Master Chen, are you really the big boss of Tengying?"
A boss admired by millions of employees.

A boss whose former employees couldn't say a bad word about him.

He is also a father who does everything he can for his wife and daughter.

Could this person really be the same Chef Chen who wipes away sweat while cooking in the kitchen?
The more I learn, the less I dare to believe such speculation.

(End of this chapter)