The Birth of Shanghai's First Conglomerate

The community's senior citizen activity groups are not only rife with various financial scams.

There are also some scams involving Pu'er tea.

What do you mean?

Basically, someone tells you that if you buy a cake of this Pu'er tea for 5,000 yuan this year, you can sell it for 15,000 yuan next year!
Merchants are offering high prices for recycling.

If your income doubled or tripled in a year, would you do it or not?

Many people know that there are huge risks involved, but the psychology of retail investors is often full of illusions.

I always thought I wouldn't be the one left holding the bag.

If you want to know how sophisticated this scam is, anyone who has been involved in pyramid schemes or speculated on virtual things like Bitcoin can easily figure it out.

It's very simple; it's all a financial scam.

It is inevitable that some people must first be made to profit, and then the herd mentality among the crowd must be exploited.

One pass ten, ten pass a hundred.

Relatives harming each other – isn't that just a pyramid scheme tactic?
It was only used in this kind of financial product.

Liu Fen also said that many people in the community were speculating on that tea cake, but Chen Pingsheng remained unmoved.

He can pull off these tricks incredibly quickly.

It's simply a matter of setting up a trap first, getting a certain group of people to buy it.

They would then take out another 100 or 200 million yuan to repurchase the shares at a higher price.

This allows those who bought in the first wave to reap huge profits.

With the initial wave of promotion for tap water, combined with some pyramid scheme tactics, they then...

You can enjoy all sorts of benefits by referring others, and even more outrageous, you can only make a second purchase if you refer others.

They created a scarcity marketing strategy, then invited a wave of experts, scholars, and celebrities to continuously generate buzz.

By hyping it up three times in a row, the first three groups of people were able to achieve high returns.

By the fourth or fifth wave, the crowd effect will explode exponentially.

Everything he had earned before would have to be returned to him in one go, including the principal.

The downsides of doing this are obvious; countless families have gone bankrupt because of it.

The advantage is that you can quickly achieve financial freedom, get rich overnight, and then run away abroad.

Chen Pingsheng simply explained the underlying logic of financial tricks in a casual way, so that his children could have a basic understanding.

There's no such thing as a free lunch; what falls from the sky is only a trap.

When they grow up, they must be wary of all kinds of scams.

Erpiya is very confident. With her chubby little hands behind her back, she says she is a child prodigy with an IQ of 250.

I definitely won't be fooled.

As for Big Paw, she has already been fooled by many people, so she is obviously more wary of these things.

It's not so much that I'm wary, but rather that I feel disgusted.

Those who design these schemes to make money ultimately have to foot the bill for thousands upon thousands of ordinary families.

Chen Pingsheng himself would never do that, and he couldn't control what others did.

On December 6th, good news came from Hong Kong.

With Tong Zhelan's rapid efforts, Yateng Short Drama officially completed its IPO listing plan in Hong Kong.

The people who set up this listing were all familiar faces, including Guo Ziyi, the eldest grandson of the Guo family for three generations.

The risks of Yateng Short Drama are self-evident. We are all old acquaintances, and being frank with each other is the only way to avoid damaging our trust relationship if risks arise.

Chen Pingsheng also conceded a step, setting the IPO valuation of Yateng Short Drama at 130 billion.

At the same time, we will use Tencent Entertainment's resources to support the development of the Yateng APP video website to the greatest extent possible.

It can be said that they are using a two-pronged approach.

When Yateng Short Drama was first being filmed, the group developed a dedicated Yateng Short Drama video app.

It certainly can't compare to iQiyi, Youku, and Tencent Video in terms of scale.

However, they have already accumulated over ten million loyal users on the short drama platform. The next step is to not only develop short drama users on this video website, but also to acquire resources for short videos, variety shows, movies, and TV series.

In other words, it needs to be developed into a comprehensive, massive video website app.

The purpose of doing so is naturally to mitigate the risks associated with short dramas and to transform from a single-function website to a comprehensive video website.

Only in this way can we ensure that the market value of YATeng Short Drama can continue to rise in the future.

To put it simply, the goal is to focus on video websites while comprehensively developing entertainment website business.

Only in this way can a market value of over 100 billion be realized in the future.

Everyone sat in a row, and soon they were able to determine the core development strategy for the next few years.

Without the constant support of Tencent Entertainment, Yateng Short Drama would never have been able to achieve such a strategic goal.

Because iQiyi, Youku, and Tencent Video are all backed by BAT (Baidu, Alibaba, Tencent).

These video websites were embarrassed to even mention losses incurred in the early stages, with annual losses not exceeding 10 billion yuan.

Not to mention that Yateng Video is just a small fry compared to them.

With Tencent Entertainment providing resources behind the scenes, anything is possible.

Chen Pingsheng still holds a 50% stake in Yateng Short Drama.

Diluting it by 60% would only get you 30%.

With a valuation of 130 billion, they could cash out 39 billion in one go.

This is also the only major project he has that can be listed on the stock market in the near future.

Of the early-stage investment projects, only Guazi Used Cars remains unlisted.

The used car market is quite complex, and it takes several years of development to reach a certain scale.

If they can complete the IPO next year, that would be amazing. They've already recouped all their costs for Yateng Short Drama.

This 3.9 billion can be used for random increases.

Luck will all come down to this one!
Chen Pingsheng secretly went to the next office and shook the dice; the golden dice reappeared.

After shaking for a while, it finally stopped on the number five. That's pretty lucky.

One minute, two minutes, until more than ten minutes later.

He only received HK$195 billion in his bank account in Hong Kong.

This is a truly enormous sum of money. It looks like a lot, but once it's allocated, it can be processed very quickly.

The Tengying Future City project, covering an area of ​​2,000 mu, has a total investment of 52 billion yuan.

430 billion has already been secured.

He dislikes being in debt, and even more so, he dislikes putting off debt until the future.

Because no one knows what the future holds, clearing out debt is the safest option.

With the allocation of 9 billion yuan, the construction funds for Tengying Future City will be fully in place.

The remaining amount is 10.5 billion.

Tenda Technology, which is already developing solid-state batteries, spends over 10 billion yuan annually on battery research and development alone.

He had already allocated the R&D funds for 17 years, and currently there is less than 3 billion left in the account.

We need to allocate another 5 billion here.

In addition, key technologies such as AI-assisted driving, electric motors and electronic controls, and chassis tuning require continuous investment in research and development.

Chen Pingsheng simply invested the remaining 10 billion yuan into the research and development of Tengfei New Energy Vehicles.

This was only enough to support Tengfei New Energy Vehicles' R&D funding for four months in 2018.

At least 20 billion yuan will be allocated for research and development in the coming year.

Only by raising 30 billion yuan in R&D funding each year can we cover the funding needs for 18 years.

With just a slight adjustment, 20 billion yuan was quickly depleted.

I really don't know whether to be happy or sad.

(End of this chapter)