The Birth of Shanghai's First Conglomerate

Yao Shan and Jiang Hong's wedding was still extremely grand.

Many of the core technicians from Tengfei New Energy also came.

Chen Pingsheng was originally a matchmaker, and now he is also the witness for the two's wedding.

Then I must have a couple of drinks.

Time flew by and the Lantern Festival arrived. After eating glutinous rice balls at home, Chen Pingsheng prepared to resume his normal work after 18 years.

His wife has already been flying around and busy all over the place, while he's still relaxing at home. That won't do.

18 was definitely one of the best years, whether it was the entertainment industry, the real estate industry, or the current short video industry.

In January, Tencent Entertainment launched a large-scale trainee competition, officially kicking off the talent show season.

Housing prices continue to soar this year, and this is the last chance for ordinary people to cash out.

Price increases and inventory reduction have continued to reach historic highs, and further declines are destined to usher in an epic turning point.

Chen Pingsheng even issued an open letter to all employees to warn them of this wave of price increases.

To put it bluntly, it's about preventing employees from taking over at this historically high price point.

If the house is not properly secured, ten years of hard work could be for nothing – that's no joke.

He can't make public statements like Ma, but expressing his opinions within his own group isn't a big problem.

Not only the real estate industry, but the entertainment industry is also experiencing a final boom.

Even Douyin, a short video platform established less than two years ago, has seen a surge in traffic this year.

Countless young people flocked to the project, hoping to change their fate by shooting short videos.

In fact, this has indeed become the easiest way for the new generation of young people to cross the wealth class and become rich.

Internet celebrities have become an undeniable force in this era.

There are good and bad.

The benefit is that young people can achieve their wealth dreams in just one year by shooting short videos, something that would have been impossible in the past ten or even twenty years.

It gives most young people a fair chance.

The downsides are also obvious. If you ask around, more and more young people, even students, will say that when they grow up, they no longer want to be teachers or scientists.

Instead, they are internet celebrities.

The influencer economy truly experienced a major boom this year.

Looking at it this way, this year really is the best year and an extremely brilliant year.

By attending Yao Shan's wedding, Chen Pingsheng gained the reputation of being a good boss who values ​​technology.

Then he directly issued a document within the company, stating that he would give a wedding gift of 500,000 yuan to any intermediate technician who reached the T4 to T6 level.

He personally established a medical fund to cover the serious illnesses of his parents, wife, children, and all his close relatives.

The technical experts at the T7-T8 level not only enjoy free medical care provided to them personally, but also to their entire families.

First-time brides also enjoy a million-dollar dowry.

A young man who used to grill skewers on the street became an internet celebrity after casually filming a couple of videos. He earned tens of millions a year, drove a Rolls-Royce, and married a beautiful and wealthy internet celebrity.

For researchers who have studied diligently for decades or even worked tirelessly in research and development, achieving this level of income would require a lifetime.

To some extent, this has a greater negative impact on society than a positive one.

Even though he owns two huge influencer economy groups, he still said the same thing in his New Year's speech.

Because internet celebrities cannot enhance a group's core competitiveness, let alone participate in a country's global commercial competitiveness.

It can only set a bad example for teenagers.

Technological research and development is the foundation of a strong nation.

The future competition between major powers will definitely involve direct clashes in this area.

Therefore, at the beginning of the new year, he issued three documents emphasizing the core position of technicians and R&D personnel throughout the group and the company.

They even provide them with ample pensions and free medical services, and offer a decent dowry for major events such as marriage and childbirth.

Of course, this applies only to first marriages.

Tengfei New Energy has been established for almost two years.

Currently, the company has over 60,000 core technical personnel, excluding the core city of Shanghai.

Major research centers are also located in Beijing, Wuhan, Shenzhen and other places.

Tengfei New Energy, with an investment of over 100 billion yuan, has also reached the final stage of its development.

There are at most eight months until the first new energy vehicle is tested and released.

After completing the six-month testing period, his biggest trump card, Tengfei Technology, will officially step onto the historical stage of China's industrial upgrading by the end of 18 or even 19.

To this end, Chen Pingsheng cashed out another 10% of Tengying Entertainment's shares, obtaining 12 billion yuan in funds, and then used 8 billion yuan to supplement Tengye Technology's R&D funding for the second quarter of 2018.

Unlike other companies, technology companies are vulnerable if they cannot prepare adequately in the financial field in advance.

Then all its research and development work will be limited to the work at hand.

They are unable to focus on preparing for the next five or even ten years.

Therefore, Chen Pingsheng would transfer the full amount of R&D funds required by Tengfei Technology to the company's account at least two quarters in advance.

This concerns the future of the company, so he certainly won't be negligent in the slightest.

They would do anything to cash out their shares in Tencent Entertainment, leaving them with only a tiny fraction of their controlling stake.

Tencent Entertainment, which has been with him throughout his growth, now only has a 20% stake held by him personally.

The market capitalization remains at 1600 billion.

This is probably the highest market capitalization ever; the biggest victory would be if it didn't drop further.

Even the most dominant figures in the entertainment industry can't reach the 200 billion mark.

Unless Tencent Pictures can produce a globally successful film, which proves unlikely.

Therefore, he also had to cash out at the historical high.

He then transferred this portion of the funds to stocks with better appreciation potential. He used the remaining four billion to boost Pinduoduo's IPO.

To ensure that their 3% stake is not diluted.

He prefers long-term investing and is keen on investing in very large companies.

He now holds a 3% stake in companies like Pinduoduo and Meituan.

Another mega-cap company is Tesla, which currently only holds a 2% stake.

Once his company, Guazi Used Cars, goes public, he will definitely increase his stake.

We need to acquire at least 3% of these shares.

New energy vehicles hold a very special position in China, and barring any unforeseen circumstances, Tesla's stock price is destined to experience a long-term upward trend.

With his net worth at that level, he doesn't need to invest much.

We are optimistic about several large enterprises, and long-term investment and holding are the key.

As for why we don't invest in BAT (Baidu, Alibaba, Tencent), the reason is simple.

They've already reached the ceiling in the domestic market; if they can't break into overseas markets, this is a classic case of infighting.

Stock prices can no longer rise as they did ten years ago. As for Kweichow Moutai in the A-share market, a company that sells liquor has a market value of over one trillion yuan.

He still can't figure it out.

It is even less likely that they would include their own assets in this list.

After 2018, he not only had to define the group's development strategy for the next five years, with R&D technology at its core.

In the process, you also need to quickly rearrange your assets.

Tencent Entertainment, which is at its highest historical position, should be sold off.

Using the proceeds from this sale for research and development and to increase holdings in Pinduoduo, which is currently undergoing an IPO, would clearly be more meaningful.

As for the shares of other listed companies in the group, including Bobo Milk Tea, Teng Hui Department Store, and Snack Run, only 5% remain.

There's no longer any possibility of cashing out; all that's left is to maintain stable operations.

Only 5% of Deer Antler Coffee's original shares remained, and 15% were recovered from the secondary market after Muddy Waters shorted the stock.

Deer Antler Coffee is expanding globally, and its stock price is far from peaking.

It's not time for him to cash out his 15% stake.

Like Yateng Short Drama, Tengying Entertainment has only 20% left.

Tencent Entertainment can only cash out a large sum of money once a year at most; doing so more often could cause panic in the capital market.

Therefore, I definitely won't be cashing out this year.

After Yateng Short Drama is listed, there will be a six-month lock-up period.

It is expected that the cash-out will not be officially completed until the second half of the year, and this part of the assets will be cashed out when the time comes.

Short dramas have too low a barrier to entry and are not enough to support long-term development.

As for Xin Teng Live's shares, which are now only 8%, it doesn't really matter whether he cashes them out or not.

Just wait for a good opportunity to cash out the extra 3%.

It can also activate the random amplification of the cheat code, so the total value should be around three to four billion.

His most valuable shares are now Tengyou Media, which he began nurturing two years ago.

After waiting for so long and investing billions, Douyin has finally grown and thrived.

His 80% stake is incredibly valuable.

When talking about Tencent Media, we have to mention another failed investment.

Tencent is unwilling to give up the short video boom and is investing heavily in supporting its own Weishi platform.

Even he thought that with Tencent's strength, it should be able to take a 3-way split in the market, but Weishi turned out to be even more incompetent than Liu Shan.

Even with such a good father, he's completely incapable of helping anyone.

The 500 million he invested also went down the drain.

They have now withdrawn all the influencer teams from Weishi to Tencent Media and Xinteng Live.

Completely abandon Tencent's Weishi.

He has had several failed investments over the years, but none have been as disastrous as his investment in Weishi.

Not only did they fail to gain anything, but they also wasted a lot of manpower and resources.

Now it's time to slip away before things get ugly, and stop playing along with it.

The giant penguin must be even more frustrated.

Leaving aside the amount of money invested, even the traffic generated was beyond imagination.

This project was nurtured like a precious son, and this is how it turned out...

After reorganizing and consolidating his most important assets, Chen Pingsheng's next task was to push forward the IPO plan for Guazi Used Cars, an internet company he had also nurtured for three years.

With the money, he plans to buy Tesla shares.

Although he and Tesla are destined to be competitors, that doesn't stop him from making money with Tesla stock.

This global new energy company, established for over a decade, was brought to China, a land that treats new energy like its own child.

It's hard to imagine the future stock price; Chen Pingsheng has no doubt that it could one day exceed one trillion US dollars.

Under these circumstances, how could he not increase his holdings?

Once the asset restructuring is completed, he won't have to worry too much about the next three to five years, even if he faces a major crisis.

After all, he has already moved his money into so many baskets that are still rising rapidly.

Its ability to withstand risks is stronger than you can imagine.

(End of this chapter)