The Birth of Shanghai's First Conglomerate

Chapter 387 Winter is Coming
The second daughter went to kindergarten feeling wronged.

She still had no advantage over her older sister. She thought she could suppress her sister with her superior intelligence, but instead she showed no martial ethics and threw a punch.

Is there any justice in this world?

Should people be beaten just because they are small?

I remember now, she seems to have bullied the younger brother of the third brother in the same way.

That's fine.

Erpiya still manages to find absolute confidence in kindergarten, especially when the teacher asks her questions.

She always felt that she was the most beautiful girl in the class, the kind that shone brightly.

Having escaped the torment of her older sister, she was determined to conquer the little guys in her class.

Cullinan was still on the road when Chen An'an arrived at school soon.

She watched Chen Pingsheng leave before turning around and entering the kindergarten.

The headquarters in Shanghai is busiest at 8 a.m., as most people are rushing to get to work on time.

By nine o'clock, there are very few people coming and going.

The security guard at the gate was still Chen Fan; he was quite formidable.

He stayed in Beijing and moved to Shanghai. As for his normal wife, she no longer works at Tencent Film Studio.

Instead, she took the two million and started her own business, opening a women's clothing store in the vicinity.

"Big brother."

Chen Fan can only retain the intelligence of a child, so his smile is always so innocent.

He's been married for several years, but his wife hasn't gotten pregnant yet.

His aunt even took him to the hospital for a checkup, and the results showed that both of them were normal.

There are many reasons why she doesn't have children, but most likely it's because her normal wife doesn't want to get pregnant.

If a woman were to become pregnant with a child born with intellectual disabilities, I doubt any normal mother could accept it.

"Xiao Fan looks pretty cool standing there."

Chen Fan chuckled foolishly, scratching his head without saying a word.

Chen Pingsheng patted him on the shoulder and went inside; the elevator went straight to the top floor.

Chang Fu brought his wife Yang Qian over; both of them are now financially independent.

Life was quite carefree.

"Old Chen, you've really put your heart and soul into being a dad!"

"That's perfectly normal. Do you think you can just sit back and do nothing, leaving everything to the nanny?"

"Come on, there have been several news reports lately, such as nannies setting fires and child abuse."

"News shouldn't be treated like ordinary news."

Chen Pingsheng still treated him like an old friend, casually sitting there chatting.

The two were childhood friends who grew up together, and this kind of relationship couldn't be compared to any other friends they met later.

"I'm sure you've guessed why I'm here to see you."

Chang Fu said, "I want to send some people overseas to specialize in creating IP for overseas videos."

"Okay, that's a good idea, but you also need to be careful."

Chen Pingsheng reminded him, "Making videos overseas, especially those featuring IPs from popular countries, definitely has potential. However, there are some things you can talk about and some things you can't. You have to be careful about these aspects."

Xin Teng Live has banned several top streamers this year.

Some of them are outspoken and dare to make any kind of joke.

Some are simply uneducated; after making too much money all at once, they get carried away and become uncontrollably arrogant.

Some people spit on takeout customers and call them inferior.

Some people even go out to eat and directly ask the owner to give them a free meal.

There are also those clueless older brothers who come on stage and act like they don't know anyone.

People like this get banned one by one on Xin Teng's live stream.

There's nothing we can do; it's already a listed company.

The internet is not a lawless zone. The authorities are keeping a close eye on them, and they can only strictly manage those internet celebrities and live streamers who don't have much education.

Chang Fu was a frequent visitor to the Internet Propaganda Office, the kind who would go there for tea at the drop of a hat.

Since the 1980s, there has been a craze for going abroad in China.

The number of people going abroad has decreased significantly, with the majority still concentrated among the wealthy.

There are many things that can be said about this, and many things that cannot be said.

That's up to Changfu to decide for himself.

If the influencer teams he sends out can't get the balance right, then...

Chen Pingsheng would rather not earn this money.

Kuaishou's development trend this year is clearly not as fast as Douyin's.

Chang Fu's desire to expand into overseas video platforms ahead of time is clearly a forward-thinking approach.

Putting aside his own Tengyou Media, Chang Fu still wants to maintain Xinteng Live's industry position as much as possible.

Yang Qian's visit this time wasn't for any other reason than that Muddy Waters' short-selling operation had ended. The short-selling giant made a fortune from Deer Antler Coffee.

Chen Pingsheng has completed his own share buyback plan, and the next step is to consider how to quickly restore the stock price.

There's no rush. If the company manages the business well, the stock price won't be low.

He's not in a hurry to cash out; he just wants Deer Antler Coffee to recover slowly.

Compared to Deer Antler Coffee, Boiling Sheep is in a much worse situation now.

Affected by the Shacheng incident, a listed catering giant has actually gotten involved in social conflicts.

This is definitely not something a normal listed company should do.

Therefore, Gao Hu's stock price is still barely alive.

There is no hope of recovery for a long time to come.

In addition to managing Tengying Group and Tengfei New Energy, Chen Pingsheng is now also involved in other business ventures.

He's focusing more on investing.

He profited significantly from his investments in food delivery platforms, Tesla, and Pinduoduo.

It's too early to talk about returns before it's time to actually cash out.

Chu Qiuyan arrived shortly afterward.

Bobo Milk Tea is facing particularly intense competition this year. The milk tea industry has low barriers to entry and is especially popular among young entrepreneurs.

Any new brand can quickly establish dozens or even hundreds of franchise stores by launching aggressive and widespread advertising.

Very few can run a business successfully; most just operate for a short period and then disappear.

Then they left behind a huge mess.

The franchisees who were scammed had no way to seek redress, which further ruined the entire market.

Selling milk tea has become one of the most booming sectors in the retail industry.

Bobo Milk Tea has been around for a long time and is already under a lot of pressure; you can imagine how much more pressure those who follow are under.

"Uncle Chen, why do I feel like every industry has been experiencing crazy infighting in the last two years?"

"This isn't a feeling, it's a fact."

Chen Pingsheng brewed her a cup of black tea. Chu Qiuyan disliked drinking alcohol and even less so eating late-night snacks.

My favorite thing to do is come over and have tea with him.

"You think only the milk tea industry is this competitive? The food and beverage industry is even more competitive."

"How could this be?"

Chu Qiuyan couldn't understand it. "Isn't the economy still growing rapidly? Everyone should be doing quite well."

"Where did you hear that the economy is on the rise?"

"That's what everyone says, and that's what I saw in the news too."

"You're so naive."

Chen Pingsheng twirled the small cup in his hand and said calmly, "The calm before the storm is often the first sign of trouble. If you feel that this year is difficult, next year will definitely be even more difficult. By 19, you might even feel that this year has been great."

"Going forward, the competition will most likely get more intense year by year, with the level of competition even exceeding your imagination."

"I still can't figure it out." Chu Qiuyan shook her head, indicating that she couldn't understand it.

There must be a reason why this happened.

Chen Pingsheng only gave her three answers: "There are some things you may not realize. First, look at the current birth rate of babies."

"Furthermore, look at the actions of the wealthy these days. Do you know how high the rate of capital flight is this year?"

Capital flight refers to the transfer of domestic funds overseas.

Most of the money that should have been invested domestically ended up going abroad.

Another issue is sunk funds.

The so-called "sunk capital" is mainly reflected in the real estate market.

For example, a house costs 20 million, but it only becomes real money if it can be sold.

Unsold inventory equals sunk capital.

Only by considering these three aspects can we truly understand the future economic development situation.

To put it simply, the rich are trying every means to get their money out of the country.

Most of the money in the housing market is tied up in the housing market, becoming sunk capital.

Ordinary people are still cashing out their future money to use today.

If you combine this with the real estate bubble of that era, and the experiences of some developed countries that have vigorously developed their housing markets, then you'll understand.

You can easily draw a conclusion: things will definitely get harder year by year in the future.

They all need to prepare for the coming winter.

This is actually a very normal phenomenon.

After all, the country has experienced decades of rapid development.

Stopping or slowing down is inevitable.

However, no one can say for sure how long this period will last.

(End of this chapter)