The Birth of Shanghai's First Conglomerate

Chen Pingsheng now primarily handles group affairs via computer.

Apart from Shuiyunjian, which is still expanding aggressively, other companies have begun to scale back their operations.

Bobo Milk Tea quickly sold off those loss-making directly operated stores.

The burden can be reduced by directly transferring ownership or closing the store.

Not only Bobo Milk Tea, but also Deer Antler Coffee and Boiling Sheep.

When market conditions change, the first thing to crush these brick-and-mortar chain businesses is the high rent for storefronts.

The rent these three companies pay each year is an astronomical figure, and if things continue like this...

It is highly likely that it will be the first to fail in the future, so changing the direction of development has become a top priority.

Close unprofitable stores and reduce investment in directly operated stores, focusing on developing a light-asset franchise model.

This has become the focus of this transformation.

Of course, brick-and-mortar chain stores will be the first to be affected.

However, industries related to short videos are still showing tremendous explosive growth.

Just like Teng Hui Department Store, whose entire storefront is self-owned, it is as stable as Mount Tai.

The same applies to Shuiyunjian now.

Thanks to its partnerships with Xinteng Live and Tengyou Media, sales have been steadily increasing.

Even stock prices reflect this.

As for Snack Run, it initially focused on a franchise model.

They also invested in a number of retail manufacturers.

It already has extremely high cash flow, so its pressure is very light.

As for his own investments in food delivery platforms, Pinduoduo, Tesla, etc.

The development momentum remains extremely strong.

Overall, his precautionary measures were correct, but there's no need to worry too much.

As for Tengfei New Energy, he himself doesn't understand technology or professional expertise.

The core of being a boss is finding money, finding people, and finding direction.

Currently, Tengfei New Energy's development trend is quite good.

His investment, Tengde Times, was the largest lithium iron phosphate battery manufacturer in China before the acquisition.

Another 26 billion yuan was subsequently invested, and in terms of patent technology, the number of applications in this year almost matched the total of the previous five years.

Chen Pingsheng had just closed his laptop.

His phone rang in his pocket, and he picked it up to listen.

It turned out to be a call from Erpiya's kindergarten teacher. Erpiya was being beaten by two kids who didn't like her because she always stole the spotlight from the other children at kindergarten.

As it turned out, the second daughter was no pushover either; she learned Mantis Boxing from her sister for a year, and it turned out to be quite a proper lesson.

He took on two kids at once, scratching their faces black and blue, and was triumphantly beating them up.

If things develop to that point, Chen Pingsheng won't be angry anymore.

After all, it's just kids messing around, which is perfectly normal.

But from the teacher's hesitant words, Erpiya burst into tears.

Chen Pingsheng immediately drove over.

……

Shanghai Little Sun Kindergarten.

Erpiya was so fond of stealing the spotlight that her prodigy aura was impossible to suppress, and as a result, she still encountered resistance from two other children in the class.

Minor frictions often occur.

It's very rare for a fight to break out during class like today.

The other two parents arrived a little earlier.

Especially that fashionable woman, who slapped her without saying a word.

Erpiya was stunned on the spot, and then started to cry loudly.

No matter how much the other children hit her, she definitely won't cry.

But it's different for adults, especially when that woman doesn't hold back at all.

The fashionable woman surnamed Han was extremely domineering. Not only did she beat Erpiya, but she also directly insulted Erpiya's parents in front of the kindergarten director.

One unpleasant remark after another.

"How do you raise children? You've scratched my daughter's face like this! Do you even know who her father is?"

“You lowly people, even if you die, it won’t be enough to atone for my daughter’s sins.”

"And you wild girl, you think you can hit my daughter?"

As she spoke, she was about to hit Erpiya again.

This time, the principal realized what was happening. "Ms. Han, you've gotten yourself into a huge mess. Do you even know who her father is?" "I don't care who her father is. Anyone who hit my daughter has to pay the price."

The woman surnamed Han was not the original wife; she was a mistress who had taken over the position.

Her daughter's father does indeed hold a certain position in Shanghai, especially in the education sector.

But compared to this little girl's father, he is far inferior.

She suddenly slapped me before anyone could stop her.

Now let her hit me again, since she's being so unreasonable.

They can all prepare to be laid off and go home in advance.

“Ms. Han, I advise you to calm down and call your daughter’s father over immediately. After that slap, you won’t be able to handle it.”

The woman surnamed Han isn't stupid; she's just used to being arrogant.

That's why I couldn't help myself for a moment.

Her daughter's father is the leader of the leader of these people.

Despite repeated reminders, even a fool would know that something was amiss.

Who is her father?

"The boss of Tengying Group."

Damn it... why didn't you say so sooner?

The woman surnamed Han froze on the spot, stunned, but she still held onto a sliver of hope.

The rich can't beat the powerful.

How could she not know the owner of Tengying Group?

He's the most mysterious and low-profile bigwig in Shanghai these past two years.

The woman surnamed Han wasn't stupid; she knew she couldn't cover it up herself, so she had to call her daughter's father over.

Before she could finish the call, Erpiya had already run to the person's side, sobbing.

She cried so hard this time.

He certainly wouldn't interfere with the children's mischief.

When an adult intervenes, it's a completely different story; it's not even a concept.

If he can't even protect his own daughter, then what has been the point of all his efforts over the years?

"You hit my daughter?"

"It's just a misunderstanding," Miss Han said stiffly.

"You'll find out whether it's a misunderstanding or not in a couple of days!"

Chen Pingsheng said, "Your daughter is so capable, it's really unlucky that she has a mother like you!"

This Ms. Han may not even realize the real reason he said that.

Chen Pingsheng left with Erpiya, and Miss Han thought he had given in because his daughter's father had voluntarily backed down.

Before she could even feel happy, her daughter's father was investigated a few days later.

The Shanghai authorities suddenly received a large number of complaint letters from the father of her daughter. Such a large number of complaint letters would immediately attract the attention of higher authorities.

It must be said that the legal education campaigns in recent years have been extremely effective.

The simplest thing is that in the past, you couldn't just buy a driver's license; now you have to take the test honestly.

The differences can be seen from these small aspects.

Under normal circumstances, Chen Pingsheng would definitely not use the power of the group to report people within the system.

Because it violated a major taboo for private enterprises.

This time it's different. If someone asks him, he can openly say that he is also doing this to rid the people of a scourge.

To fulfill the obligations that every citizen should have in order to promote social development.

It wasn't until this day that the woman surnamed Han realized what Chen Pingsheng meant by those words.

It's just that her daughter has a good father, and she lacks nothing from a young age, and she continues to do so as she grows up.

Later, she slapped him so hard he was completely wiped out, and he started as a commoner.

Do you think her daughter will hate her when she grows up?

Leaving aside her daughter, at least her husband is now itching to beat her to death.

Times have changed; now everyone needs to keep a low profile.

This doesn't refer to one or two special groups, but to the entire collective: anyone who still dares to cause trouble outside all the time, relying on their power.

Those who act recklessly will one day end up like they are now.

Suddenly it all fizzled out.

It's difficult for others to help with this kind of thing, since you yourself ran into their hands by making a fool of yourself. (End of Chapter)