The Birth of Shanghai's First Conglomerate

The stock market is in turmoil.

Just like the current Tencent Group, they are in the eye of the storm.

In just one week, the listed stock price of Tencent Holdings plummeted by 20%.

If we were to calculate all of these losses, they would amount to at least several tens of billions.

This is the influence that large corporations bring.

If it weren't for Chen Pingsheng's strong personality and sufficient funds, this unprecedented wave of executive layoffs would have been stopped by investors long ago.

It is clear that the 20% plunge is just the beginning.

Nobody knows how much further it will fall.

It has to be said that once a company goes public, it inevitably becomes subject to the control of its stock price.

To a certain extent, what investors want is for stock prices to rise.

Stock price is also considered the most direct indicator of a person's management ability.

Meanwhile, countless experts have emerged online, offering various comments on the corporate restructuring that Tengying Group is facing.

Some say that Tencent is crossing the river and then burning the bridge, while others say that the price Tencent pays for doing this is that capable people will no longer want to work for such a company that discards its employees after the fact.

It can only be said that no matter how harsh the online expert comments are, Chen Pingsheng's desire to decentralize power will not waver in the slightest.

Even if it causes the stock price to halve in the short term, this is still the case.

11 month 8 number.

The temperature in Shanghai has officially dropped below ten degrees Celsius.

Because the group headquarters has central air conditioning, the temperature inside the building is still very hot.

Everywhere you look, people are busy. Even the interns who joined in July are working like crazy.

One after another, senior executives were laid off, and work in various places came to a temporary standstill.

At the top level, the big boss is constantly holding meetings and discussions, and all sorts of important figures are trying to schedule appointments with him during this time.

They either want to conduct an interview or to see what the real meaning behind his actions is.

As for those voices from the outside world, aside from those he is particularly close to and needs to take time to address, he will generally avoid responding to the rest during this busy period.

During this period, people including Chu Qiuyan, the person in charge of Bobo Milk Tea, Yang Qian, the president of Deer Horn Coffee, Chang Fu of Xin Teng Live, and Shen Chengjun, the president of Teng Hui, all gathered around him.

Gao Hu's dismissal caused a great stir within the group.

You should know that he was one of the earliest co-founders of Boiling Sheep, and also a childhood friend of the big boss.

If even someone like that can be fired, then everyone should be more cautious about becoming a business leader in the future.

It's obvious that the big boss doesn't care about your position, let alone your past contributions to the group.

Even personal relationships become insignificant after a major mistake has been made.

After learning about Gao Hu's accident, Yang Qian felt nothing but sorrow and kept reminding Chang Fu.

Don't get carried away, or you'll easily make mistakes.

Not only them, but even Chen Pingsheng himself, who had gone to such lengths, had to be constantly vigilant.

The real reason why a series of senior executives were fired is still being heavily censored online.

But how could those at the top of the internal hierarchy not know?

It can only be said that some men, after becoming rich, are prone to arrogance and may even use their corporate status to seduce young girls who are just graduating from university.

In a typical company, this might be minimized or avoided altogether.

It shouldn't cause any truly serious consequences.

But Chen Pingsheng is clearly not like that.

As a result, Gao Hu, who caused all of this, was directly dismissed.

But Boiling Sheep can't find a suitable replacement for him right now.

Because his generals were also dismissed.

Not only are the sheep like this, but their companies are too.

Now all we do every day is fire people and solve problems.

Fire the person, then solve the problem.

It's unclear how long this situation will last.

……

Time flies, and several days have passed in the blink of an eye.

Chen Pingsheng was responsible for promoting the group's restructuring and comprehensively optimizing the senior management team at headquarters.

Finally, I'm no longer so busy.

All the necessary businesses have been cleared out of the group; now it's just a matter of gradually calming the chaos and getting the company back on track.

He didn't return to his villa in Shanghai, but instead went to his middle-class home.

That is, that small house with four bedrooms and two living rooms.

When I woke up this morning, it was raining heavily in Shanghai. The pattering raindrops hit the floor-to-ceiling windows of my room, creating an unsettling atmosphere.

Song Yanxi, who got up early, gently tidied his clothes and then put the entry-level Omega watch on his wrist. Everything seemed so thoughtful and tender.

"Gao Hu hasn't contacted you for a while, has he?"

“Okay.” Chen Pingsheng replied, “We haven’t been in contact for a while. After he left, he took his senior management team and is preparing to reopen a catering business in the Southern Province.”

"Then you two probably won't be able to be friends anymore."

Song Yanxi sighed, "He's outrageous. He knows exactly what you hate most, yet he still insists on leading the challenge. Now he's even bringing people to go against your Boiling Sheep."

"That's perfectly normal."

Chen Pingsheng took out his leather shoes himself; he was going to the University of Finance and Economics today because he had a class there.

"It's just that he can't get over his own mental hurdle. He doesn't even look at the current situation, yet he still dares to try to replicate the past success of Boiling Sheep with his meager funds."

"Times have changed!"

The couple both knew that the times were changing dramatically, and that such changes were beyond human control.

If you can survive with minimal investment over the next few years, that will be a victory.

Even Song Yanxi couldn't say anything; let's just leave it at that for now.

Gao Hu wants to start another catering business, and given his current situation, it shouldn't be too difficult for him to secure funding.

However, if he were to attribute the success of Boiling Sheep to himself...

That would be totally wrong.

Boiling Sheep is like a child raised by the Tencent Group. Once it leaves Tencent's embrace, the challenges it faces are simply beyond Gao Hu's ability to withstand.

He's probably going to lose all the money he's earned at Tencent Holdings over the years.

The two little rascals at home also watch the news, and knowing that their dad has been busy lately, they haven't asked him to drive them.

Now Dad can drive his ugly Volkswagen to take them to school again.

That means the group's affairs have probably come to an end.

Given the current size of Tencent Group, minor disturbances have no impact whatsoever.

What he feared most was a major internal problem, which is why Chen Pingsheng was determined to take drastic measures.

Actually, the Volkswagen Phaeton is much bigger than the Passat.

Very few people recognize this car, and its design lacks any imposing presence due to the Volkswagen logo.

Sitting inside is an experience almost identical to driving a Mercedes-Benz S600.

It has excellent sound insulation, accelerates quickly, and its stability and shock absorption are also exceptional.

Only those two kids who have ridden in Rolls-Royce Phantoms since childhood would find the Phaeton ugly and ordinary.

After Erpiya got into a fight at kindergarten, she behaved herself for two days.

On the third day, things started to get messy again.

If anyone dares to say anything to her again, she'll unleash the Mantis Fist technique her sister taught her.

Her buttocks were slightly sticking out, and her posture was exaggerated.

The chubby little hand could reach out and he'd be ready to take on three opponents at any moment.

Unfortunately, all the kids in her class now know how powerful her father is, so they wouldn't dare to say anything to her anymore.

Erpiya has completely embraced the kindergarten life of being invincible in the West and seeking no one to fight.

As for Chen An'an, the little brat, she rarely misbehaves at school anymore.

Aside from occasionally helping classmates who are being bullied, I mostly force myself to read books and communicate calmly with others.

I'm past that age when it comes to showing off.

Only children who receive very little praise or compliments will become obsessed with those illusory feelings of accomplishment.

It's obvious that Erpiya is at this stage.

Chen Pingsheng's approach to educating her was the same as his sister's: if she liked to show off, he would let her do so.

She'll definitely get used to it after two years.

Then you can take it in stride, or simply put, it doesn't matter.

After dropping off his two daughters at home, he drove to the University of Finance and Economics.

If you count the time, it's been more than half a month since he last came to university.

Even Zhang Changwen found it unbelievable to see him again, that he could miss so many days of class.

This time is so free!

How could Chen Pingsheng not have freedom of time? He's a typical example of someone who can come and go as he pleases.

The salary he received was all from his donation of 100 million yuan.

Even if you calculate a monthly salary of 20,000 to 30,000, how many years could you earn that much?
Paying yourself a salary, or simply working for free.

However, his visit still attracted the attention of some people at the University of Finance and Economics.

Jiang Yilan, whose little teaching assistant is both well-behaved and obedient, must be looking forward to it.

The other one is Lin Qiunan. (End of this chapter)