The Birth of Shanghai's First Conglomerate

Two days later, his wife, Song Yanxi, flew back from Xiamen.

In a few more months, Shuiyun Academy will also graduate 10,000 trainee beauticians who have undergone two years of training.

With such a large graduation scale, his wife had already started expanding into eight second-tier cities last year.

We've been so busy that the store renovation is now complete; all that's left is to remove the odor and get this batch of trainee beauticians in place.

Chen Pingsheng was sitting in his tea room, watching the news and drinking tea, when Song Yanxi knocked on the door and came in, asking him what he was watching!

Chen Pingsheng said, "The news of HNA's financial crisis."

"Didn't this already come to light last year?"

HNA is the largest private airline group in China. In its early years, it was addicted to acquisitions and expanded wildly everywhere.

As a result, last year it was revealed that the total debt reached 7500 billion yuan, with a debt-to-asset ratio as high as 70%, making it impossible to repay the debt.

It was only then that everyone realized that this mega-airline group had become like this.

"Yes, the local authorities will probably try to provide relief for the bombs that exploded last year."

Chen Pingsheng shut down his computer, turned his head and said, "An era of unbridled growth is over. The blind expansion of the past is no longer suitable for this era. All business development must explore towards high quality."

“Yes.” Song Yanxi nodded, particularly agreeing with this view. “It’s fortunate that you proposed the group’s tightening strategy last year, otherwise we might have easily followed the old path of blind expansion.”

"We have tightened restrictions, but there are still many companies that haven't been charged."

Chen Pingsheng mentioned some of the people he had met in the past two days, including Lao Wang, a prominent figure who has been the richest man in China for two consecutive years according to Forbes.

He disrupted the top-level development strategy by seizing two major overseas projects that he shouldn't have, which led to a tightening of the group's finances.

What was once a sure thing for going public is now likely to be very difficult, forcing them to cut their losses and seek survival.

Besides him, Xu Pi also tried to contact him through some football leaders, but it is unknown what they discussed.

But what is certain is that Xu Pidai is still expanding rapidly, and the group is also distributing high dividends every year.

All of these signs made the unusual phenomena all the more obvious.

It's not just the real estate industry that's tightening up; internet companies have also faced strong criticism from the general public since the vegetable-selling incident.

It's clear that the wind is about to shift again.

The government will no longer support the so-called internet economy, but will instead support the truly export-oriented economy.

In other words, companies that can earn money from overseas.

Internet companies that rely solely on making money from Chinese consumers will find it difficult to receive policy support.

This is a strong signal, and it's a response they must take.

Song Yanxi ignored those things and instead brought up another matter, "This so-called Forbes top spot is really a dangerous profession. I think that apart from Li Ka-shing, it's a miracle that the rest of those who made it to the top can completely make it back to the top."

"Heh..." Chen Pingsheng chuckled lightly, "The truly wealthy are all hidden underwater. How could they be so easily exposed by a single media outlet? If we really want to rank the top on the public list, who can surpass Li Ka-shing?"

This is true.

Those who frequently visit Hong Kong naturally know that Li Ka-shing made a net profit of HK$1180 billion in 1999 by selling just one European telecommunications company.

Then, they perfectly timed the rise of the mainland real estate market.

Relying solely on the strategy of buying up land at rock-bottom prices, no one can say for sure how much money he actually has.

Among the Forbes billionaires from mainland China, the top five combined probably couldn't match his wealth.

This is not an exaggeration at all.

"You're back just in time. There's something I'd like to discuss with you."

"What's the matter?"

"I want to take An'an and Erpiya to Guangdong for a while."

Why would you go to Guangdong if you have nothing to do?

Song Yanxi asked him a question with a puzzled look, and Chen Pingsheng replied:

"I only wanted to go because I had nothing else to do. There are two reasons: one is that I hope to broaden their horizons, and the other is that Douyin has developed too fast this year, and I want to stay at Tencent Media for a while."

They own big villas everywhere, and moving is as easy as playing around with them.

They own a large apartment in Shenzhen worth hundreds of millions of yuan, which they've never even lived in. Tengyou Media has invested billions of yuan in them, and it's been developing for almost two years.

Putting aside Tengfei New Energy, this is definitely the most monetizable super-large influencer group in the future of Tengying Group.

It would be no problem for it to even surpass Xin Teng Live, which grew by relying on Kuaishou.

It's highly likely that its valuation will exceed 100 billion.

Therefore, Chen Pingsheng had to go there to truly understand Tengyou Media.

"Can you manage to take both of them there by yourself?"

"What's there to be too busy for? You come over often, don't you?"

Alright... the two little ones will be starting school soon.

They have no problem adapting; they used to travel all over Beijing and Hong Kong.

I can adapt to Guangdong right away now, the only problem is that I can't speak Cantonese very well yet.

It would be good to learn to speak Cantonese as soon as possible when you get there.

There wasn't much to tidy up at home, as for the mistress, Chen Lu.

He's only six months old and doesn't understand anything, so it's best to leave him in the care of Peng Ying and Liu Fen for now.

Chen Pingsheng summoned Chen An'an and Erpiya and asked them if they wanted to go to Guangdong.

The two agreed without hesitation.

They didn't even bring a single thing; for rich people, moving is like child's play.

Only those who are broke feel the hardship; besides, they already own large villas in Guangdong.

This time, we'll start by enrolling our children in school. Erpiya will continue attending kindergarten, while Chen An'an will start in the second semester of fifth grade.

There are absolutely no problems with enrolling students.

Don't ask too many questions, because if you do, then there must be a connection.

As for the whole family, they all moved into a super-large flat of 980 square meters in Shenzhen Bay No. 1.

His wife bought the house two years ago, but they've never even lived in it once.

It was bought for 200 million, and now it's worth almost 400 million.

The house's luxury level goes without saying; it's basically at the level of a large, single-level apartment.

The same applies globally.

It features an outdoor swimming pool with an extra-large balcony and a very special stargazing platform.

Take a break here, look at the sea, and feel the mystery between the stars.

That feeling was unparalleled.

Erpiya is the simplest; she's always felt that her four-bedroom, two-living-room apartment in Shanghai is too small to fit her.

This 980-square-meter house is truly big enough for her to live in.

They can cause as much trouble as they want; neighbors don't exist.

With summer just a few months away, she can finally relax in the pool and watch the giant TV again.

Guangdong made the right choice this time.

As long as she doesn't live with her mistress, she can live in a big house.

"Dad, is this house just for the three of us?"

What Erpiya really wanted to ask was, wouldn't we need to hire a few nannies?
If it were her turn to clean such a big house, she would cry all day.

"Your mother will be coming in a few days. We won't be hiring a nanny, but finding someone to take care of you shouldn't be a problem."

Chen Pingsheng transferred Shen Youwei from Hong Kong to Shenzhen, where she was mainly responsible for taking care of the two children.

Not too busy, but not too free either.

(End of this chapter)