The Birth of Shanghai's First Conglomerate

Winter is coming.

This is not just empty talk, but rather understood from an economic perspective.

As far as Chen Pingsheng knows, at least three trillion US dollars have flowed overseas in just a few years.

Economic development cannot be separated from investment. When so much capital flows overseas, the consequences are predictable.

In addition, the real estate market is only slightly crazy among the middle class.

Only they still believe that housing prices will always rise; a well-known real estate company has now launched a 30% discount on home purchases.

Despite the various rules and restrictions, it is a genuine price reduction and promotion.

It's important to understand that real estate companies can't just lower housing prices arbitrarily.

That could easily trigger a large number of homebuyers to protest, and there's also a document about it.

The restrictions are no joke.

Chu Qiuyan is the founder and president of Bobo Milk Tea.

She could clearly feel the dramatic changes in the market over the past year or two, let alone other ordinary entrepreneurs.

Mass entrepreneurship and innovation seem to be just a slogan from a few years ago.

At that time, self-help gurus were incredibly popular, and people flocked to sign up for their courses.

Now, these self-help gurus are almost second only to domestic experts.

Very few people would believe it anymore.

This signifies both an improvement in the general public's awareness and a dramatic change in the market environment.

"Uncle Chen, how should we deal with the future environment?"

"There's no need to worry too much."

Chen Pingsheng said, "In any case, maintaining sufficient cash flow to prepare for the winter is a necessary long-term plan. In addition, we should improve our internal mechanisms and focus on internal development. For the next few years, you should temporarily refrain from distributing dividends and reduce large-scale external investments."

It's perfectly normal for listed companies to not pay dividends for several years; there's nothing to explain about that.

Buy an umbrella on a sunny day to ensure you have enough cash flow.

No matter how great the difficulties, we can overcome them.

This applies not only to Bobo Milk Tea, but to all of his listed companies.

The direction for the next few years is to reduce investment and increase corporate cash flow.

Tencent Entertainment had originally proposed investing in building a film and television city, but he has now rejected this large-scale investment.

Tengying Group is both a whole and composed of numerous large individuals.

The current strategic direction is to reduce overall capital, and individual listed companies must hoard sufficient funds.

In preparation for the coming winter.

Large investments will only come from his side; other investments will begin to shrink.

Chu Qiuyan expressed her understanding, saying that Uncle Chen's judgment in this area was almost always correct.

They always manage to catch the right trend in advance and achieve success in the shortest time.

Even he felt that the future economic outlook was not optimistic and that companies should start to tighten their belts.

That situation must be extremely serious.

He even reminded everyone that those who invested money in real estate speculation early on should withdraw their funds as soon as possible.

People would rather deposit their money in a bank than in a house.

Chu Qiuyan, Chang Fu, and Gao Hu all used some of their wealth to speculate on real estate.

There's no need to linger.

As for Chen Pingsheng himself, he has already invested 60 billion yuan in commercial real estate.

Including the premiums over the years, it's worth more than 80 billion.

These fixed commercial assets are all used by him to ensure the family's succession, and the companies he holds shares in are all overseas.

A slight rise or fall won't have a big impact.

The most important thing is that we can collect billions of yuan in rent every year.

It's inevitable for wealthy families to invest in some stable assets.

He spent the next few days in meetings at headquarters.

The core message is simple: a harsh winter is coming.

Apart from Tengfei New Energy and those unlisted projects.

All businesses should tighten their financial management and prepare at least a three-year safety net of funds.

Not to mention other companies, even Tencent Entertainment, with a market value of 1600 billion, is drastically reducing unnecessary investments.

Chen Pingsheng also owns 40% of Tencent Entertainment's shares, and he rushed to buy them just as the winter was coming.

They set aside another 10% to prepare to cash out a large sum of money.

This money was used to fill the funding gap for Tengying Future City and the high-end ecological community.

He was still short of 10 billion yuan in funding over there, and he was taking advantage of the relatively good market conditions to cash out.

This is normal.

If such a large sum of cash were cashed out through the stock market, it could potentially drive the stock price down by half.

They will seek buyers from the capital market at an 80% discount.

Some people wanted to buy, but they also wanted some extra conditions, whether openly or secretly. For example, they had their eyes on a few female celebrities, which Chen Pingsheng naturally rejected.

In the end, Baidu had to step in.

He had no choice but to intervene; Alibaba has Youku, Tencent has Tencent Video, and he also has iQiyi.

Alibaba and Tencent both have shares in Tencent Entertainment, but he doesn't.

That means they are naturally at a significant disadvantage in terms of film and television resources.

Even though he knew that Tencent Entertainment's shares were overpriced, he still did it for the sake of the development of its video website.

That's all the money I can afford.

Baidu was incredibly popular in its early years, but it has clearly fallen behind in recent years.

He jumped on every trend early on, only to end up with a hasty and ineffective endeavor.

The real reason it can't develop is that it suffers from the problems of a large corporation.

Chen Pingsheng has always been wary of his company making the same mistake.

After receiving 128 billion yuan from him, in addition to making up for the shortfall in funding for headquarters construction,

Of the remaining 28 billion, 18 billion was used for Tengnong breeding.

Another billion will be used to improve people's lives.

His life hasn't really improved much; he already owns top-tier villas in all four of the top-tier cities.

And it's not just one; there's also a villa on Pak Ka Road in Hong Kong worth two billion.

They also spent 1 billion yuan to build a summer resort in Qingdao.

They also invested over 50 billion yuan in Kingsoft to build Tengying Future City.

Cars, superyachts, private jets, and all sorts of other luxury items are available.

Even he himself didn't know what could be improved from this kind of life.

We have everything we need.

You should go home and ask his wife.

Song Yanxi looked at him in confusion, racking her brains for a long time but still unable to think of anything else she hadn't bought.

"Honey, think back to how my colleagues used to laugh at you for having a simple LV bag, and now that you have money, you don't even know what to buy."

"Yes, you have everything you need and I don't have anything I like anymore. Once material needs are completely met, all that's left is spiritual pursuits."

"Didn't you used to like all sorts of cars? I haven't seen you driving any of those flashy sports cars lately."

"My status has changed and I'm getting older. I'm no longer interested in the things I liked when I was young."

Chen Pingsheng said, "You yourself don't drive Ferrari anymore."

"The comfort level is a bit lacking, and it only has a bit of novelty at the beginning."

Song Yanxi recovered her figure quickly, and with some more time, her postpartum confinement period will be almost over.

"Why don't you ask An'an what she wants? She's been wiping small tables in the urban village with you for two months. As her father, you should reward her."

"Yeah, I almost forgot about it."

When Chen Pingsheng called Da Piwa into his room and seriously asked her how she would spend tens of millions of yuan, Chen An'an was completely dumbfounded.

She racked her brains for a long time, but couldn't think of anything else she needed to spend money on.

It can only be said that over the years she has fully experienced the pleasure of freely disposing of money.

Even if you give her more money, she won't buy those unnecessary things.

His family is so rich that even his big kid doesn't like to shop anymore.

I racked my brains for ages but couldn't think of anything else she needed, so I just gave up on asking for the money.

It's meaningless.

Meanwhile, Erpiya outside was eavesdropping, her little bottom tilted to the side.

Upon hearing that there was money to be made at home, he immediately came in, hands behind his back, swaying his head.

"Dad, you can give me the money that my sister can't spend."

"How much could your tiny fart cost?"

"I want to buy a big truck."

"How big?"

"It's really, really big, big enough to seat at least two of me."

Erpiya stretched out two fingers and made an exaggerated gesture.

Chen An'an took out a thousand yuan and handed it to her, saying, "For your needs, a thousand yuan is enough."

Is that so?
Chen An'an took her online shopping; it was Erpiya's first time shopping online.

You can buy a big car on Pinduoduo for 388 yuan.

Not to mention two people like her, four people could sit in it without any problem.

Erpiya came asking for money, and they were given a thousand yuan to get rid of her.

The younger one is even less of a problem; a bottle of milk is all it takes.

(End of this chapter)