The Birth of Shanghai's First Conglomerate

After Yang Wei finished visiting the luxury goods exhibition hall with several classmates.

It's already 1 p.m. when I check the time.

She can eat in the cafeteria now; all the cafeterias here are run by Fei Yangyang.

Various cuisines are available to satisfy interns from all over the world.

At 2 PM, she still wanted to go to the luxury car center for a test drive.

A long line of cars arrived at the college gate.

Leading the group was a Rolls-Royce Phantom in a silver and red two-tone color scheme.

A Rolls-Royce that is approximately 5.99 meters long and has a landed price of 1700 million.

The big boss has arrived.

Many interns also wanted to see Xiqi.

Chen Pingsheng brought Chen An'an with him, and Yang Wei from the urban village was in this place.

She looked around, hoping to see if she could spot him.

Big Pippa was deeply impressed by her; she was a young lady who would sit outside her door for several hours every night reading.

I don't know if I'll get used to it after coming here.

Their family not only has a beauty academy, but also a star-studded arts school and a culinary academy.

There is also the Shuiyunjian Management Training Academy in Beijing.

The combined investment in these top private professional schools alone is close to 10 billion.

"Dad, do you think Mom is tired managing such a big company all by herself?"

"I'm not tired, it's just that the responsibility is quite heavy."

Okay, Chen An'an didn't understand what corporate responsibility was before, but now she does.

Shuiyunjian University also enrolled nearly 10,000 new students for the first time starting last September.

In another year, these interns will all graduate.

The existing Shuiyunjian stores cannot accommodate so many people.

The main reason is that Shuiyunjian itself has a very low turnover rate; very few employees who go in are willing to leave.

They would simply ignore anyone who tried to poach their talent.

To properly settle these people, Shuiyunjian needs to continue expanding on its existing foundation.

He came here to deal with this matter.

To date, Shuiyunjian has only a total of less than one hundred stores.

The main focus is on Beijing and Shanghai.

There are four super-large flagship stores in Guangzhou, and several in Shenzhen.

The investment for a single flagship store is around 50 million.

There are also four super flagship stores in Hong Kong.

The total number of employees at Shuiyunjian is only around six thousand.

The company has 4,500 beauticians and 500 management staff.

In addition, there are logistics staff and some miscellaneous personnel, including the Shuiyunjian online internet team.

Our main business is providing door-to-door service.

To maintain its consistent purity, it will only serve female customers.

While this may mean fewer men's wellness programs, it maintains absolute professionalism.

They are even more popular with wealthy women.

Apart from Shuiyunjian, most beauty salons outside accept both male and female customers.

Especially in beauty salons and hair salons, male customers account for more than 30% of the business.

This expansion is undoubtedly aimed at fully covering the Guangdong region, as well as other developed second-tier cities.

He calculated that at least two hundred to two hundred and fifty new stores would be needed to accommodate this group of 10,000 interns.

This is equivalent to expanding the scale of Shuiyunjian more than three times within the next year.

Such a large-scale expansion is completely different from brands like Boiling Sheep, Bobo Milk Tea, and Deer Antler Coffee.

Shuiyunjian has always followed a purely high-end model, with the starting trial price for the project being over a thousand.

This presents a certain challenge.

Moreover, such a large-scale expansion would require at least 3 to 5 billion in funding.

Money is easy to solve, and so is finding a beautician.

It's likely that management talent will find it difficult to keep up all at once.

After touring the area for a while, Chen Pingsheng called a meeting with the heads of various regions.

The overall expansion plan for next year has been officially set.

The opening of a large number of new stores also means that a large number of excellent beauticians who did not originally receive dividend shares will benefit.

He was able to rise to the management level in no time.

This is both an opportunity and a challenge. Once they can secure these positions, they will truly no longer need to rely on anyone.

You can achieve financial freedom solely through your own abilities.

This is an ultimate temptation for every girl from a rural area.

It is also a way to prove one's absolute glory.

It is no exaggeration to say that nowhere else can offer such high salaries to rural girls like them.

With hard work, earning a million-dollar annual salary is easy.

Five million is just for a typical store manager. Top performers can earn around eight million, and if they can even jump to the regional manager level...

That's something I wouldn't even dare to dream of; "king of wage earners" is the most fitting description.

Starting annual salary of over 1200 million.

This wasn't something Chen Pingsheng gave them for free; it's just that top-tier beauty salons make that kind of profit.

A customer with a slightly higher social standing can easily spend over two million yuan a year on beauty treatments.

If you go to those really rich women, beauty expenses are a bottomless pit.

It's hard to imagine exactly how much they spend on beauty treatments in a year.

After all, beauty salons are essentially the next step before hospitals, and people who frequently visit beauty salons are less likely to develop serious illnesses.

Even minor illnesses are rare.

This is not an exaggeration; it's just how the professional wellness industry works.

It leans more towards traditional Chinese medicine and health preservation.

There are four super first-tier cities in China, namely Beijing, Shanghai, Guangzhou and Shenzhen, which are well-known to everyone.

Tianjin is also an important economic port.

Chen Pingsheng plans to invest 1.5 billion yuan in Guangzhou, Shenzhen, and Tianjin in the next three months.

Approximately 100 new stores will be opened.

In addition, it will also be held in eight developed second-tier cities, namely Hangzhou, Nanjing, Jinan, Chongqing, Qingdao, Dalian, Ningbo, and Xiamen.

Each invested 500 million yuan.

The two city flagship stores will serve as a model to drive the development of the remaining thirty directly operated stores.

The total investment from both sides will be around 5.5 billion.

Flagship stores have already been established in Guangzhou and Shenzhen.

The plan for the next six months is to open two flagship stores in each of the other nine major cities.

After the flagship store opens, the company will invest heavily in setting up more directly operated stores.

In the past, even if Chen Pingsheng had money, he wouldn't have done something like opening a store on such a large scale.

After all, they're in the high-end business, so it's hard to guarantee that the customers or local bullies won't have their own ideas.

Now he is not worried.

In the context of the crackdown on organized crime, those underground methods are no longer readily available in the open.

At their level, the competition is mostly about legitimate governance methods.

With its headquarters in Shanghai and a large number of top-tier, influential wealthy women from Beijing as shareholders, it has a strong presence in the market.

If ordinary people dare to have this thought, they will dare to directly implement the corresponding strategies.

They'll move people from the capital to investigate you.

This is also the real reason why he recruited a large number of core shareholders from wealthy women in Beijing earlier.

Without absolute measures, it is impossible to maintain a high-end beauty chain brand with annual profits in the tens of billions.

Moreover, he also needs to travel directly across the country's top-tier cities and eight developed second-tier cities.

He used to stop his wife from opening a shop, but things are different now.

After all, it takes a lot of effort to run such a high-end, highly profitable chain business in one place.

She says she has no connections, do you believe her?

Don't compare it to ordinary beauty and hair salons.

That's not even in the same league. They're just selling you a trial voucher for tens of yuan on the street, and then they'll try to trick you into buying a membership card.

This kind of business is not something that respectable people would do.

It's embarrassing to tell anyone.

In the realm of pure luxury beauty, it's practically impossible to succeed without a strong network of connections and a certain level of background.

They had previously relied on wealthy women with powerful connections to invest in them in order to gradually gain a foothold.

Now, when we go to other cities, we have an absolute advantage in terms of capital.

There will also be absolute support in terms of traffic.

Countless people were still extremely excited, as the expansion into more than a dozen cities at the same time meant that more than a dozen city managers would be appointed.

City manager—that's the highest level a worker in Shuiyunjian can achieve.

Enjoy the profits from all the stores in the city.

Not to mention the base salary of over ten million yuan per year, the stock dividends alone would amount to no less than twenty million yuan per year.

An absolute king of working odd jobs.

After the big boss arrived, he indeed made some very big moves.

Compared to CEO Song Yanxi, his charisma as a man is clearly more exaggerated.

Once the time is right, they will not hesitate to expand.

Launch a nationwide plan.

As for what to do if you're short of money, that's simple.

Guangdong has never held a single large-scale event.

Organize a massive, thank-you-to-the-people-return-event-there event, and you can easily raise billions.

There are still a lot of wealthy people in Guangdong.

(End of this chapter)