The Birth of Shanghai's First Conglomerate

The sun shines warmly in April.

Chen Pingsheng left Guangdong and returned to Shanghai.

He has finished his work there; all that's left is for the two little ones to learn Cantonese.

Progress is not going too smoothly. I estimate that I will return to Shanghai after finishing this issue.

Little Chen Lu at home is still so cute, with chubby cheeks and especially big eyes.

He likes to suck his little finger when he has nothing to do, and he sleeps at least ten hours a day.

In five months, Xiao Chenlu will be one year old. Song Yanxi, who came back from Tianjin, asked him how things were going in Guangdong.

Chen Pingsheng said, "It went very smoothly. As of now, our group's restructuring plan has been basically completed."

Song Yanxi was quite happy. "That's great. Like you said, as long as Tencent Media's IPO is successful, we won't have to worry about any more storms."

"Yes, after so many years of entrepreneurship, things have finally stabilized."

In the past, the approach was more aggressive, but now it's about seeking progress while maintaining stability.

“Heh…” Song Yanxi also laughed and said, “My trip is almost finished too. How about our family takes a spontaneous trip this summer?”

"Sure, it's up to you to decide."

Chen Pingsheng had no objection; he even wanted his wife to have an easier time and spend more time with the children.

They're both this age, and they've long since achieved financial independence; they should dedicate more time to educating their children.

The two also discussed their summer vacation travel itinerary, deciding whether to travel the world or just stay within the country.

His superyacht is almost finished, and he'll be able to set sail and travel around the world by the end of the year.

This is something Big Fart has been looking forward to.

The couple hadn't had a get-together alone for a while, so Chen Pingsheng took her downstairs for some barbecue.

It just so happens that Shen Bing runs into him; her rich second-generation boyfriend has successfully dragged his own father into trouble.

Now, let alone driving luxury cars and living in mansions, they're drowning in debt.

Chen Pingsheng and she used to be just neighbors, so naturally they couldn't care less about each other now.

The old Yang's steamed bun shop downstairs also looked exhausted. After his son found an unreliable wife, he not only emptied the wallets of three generations.

He even managed to infuriate his mother, who had raised him.

If this continues, Chen Pingsheng thinks it wouldn't be an exaggeration for the old couple to drink pesticide.

Compared to older couples, young couples in their late teens and early twenties are happier.

People can be together if they like each other, but if they're unhappy, they can just break up with you in a heartbeat.

Chen Pingsheng passed by the Bund and encountered many young couples like this along the way.

After he found a barbecue restaurant and sat down, Song Shuiqing came running over excitedly.

Accompanying her was Yao Anni, who, after several failed business ventures, had finally started making money.

"Brother-in-law."

"What are you doing? You're always making a fuss."

"Isn't it because I'm happy to see my brother-in-law?"

After Song Shuiqing sat down, she also ordered some of her favorite dishes.

"Brother-in-law, I earned more than 300,000 last month."

“That’s right, your eldest niece gets more than that in a month.”

"Brother-in-law, you can't be so hurtful."

Song Shuiqing said with a bitter face, "How can I compare to your An'an? She was born into a good family and has more money than she could spend in ten lifetimes."

"You're kidding me, can't you be reincarnated?"

Chen Pingsheng retorted, "You must have taken at least seven or eight million yuan in startup capital from me. Do I need to explain the current state of the influencer economy?"

"Any random internet celebrity can earn hundreds of thousands a month, let alone someone like you with so many resources. Comrade Shuiqing, now is not the time for you to be arrogant."

Well... she shouldn't have come here to share her joy of making money with her brother-in-law.

Song Shuiqing grabbed her cousin's hand, clearly seeking comfort. Song Yanxi also put her down, "You really shouldn't be complacent. If you can't make a lot of money from the newly emerging internet celebrity economy in the next few years, it will be even less likely in the next few years."

"Sigh~ Cousin, do you think it's possible that it's not that I'm not good at making money, but that you two are abnormally good at it?"

Um… Song Yanxi didn’t expect her to say this, but thinking about it, it makes sense.

Her family has indeed risen too fast in recent years. If it weren't for her husband spending tens of millions every year to prevent his name and personal privacy from being published in the newspaper, they would probably have been on the Forbes China Rich List long ago.

It's been suppressed all along.

"Alright, then let's celebrate your monthly income of 300,000."

“That’s more like it, cousin. Haven’t you noticed? Even though I don’t earn much money, I’m always happy.”

Song Shuiqing had a whole repertoire of twisted logic, so Chen Pingsheng simply gave up trying to reason with her.

Among the Song family, including Liu's relatives, he was only kind to this younger cousin.

Others rarely dare to act so recklessly in front of him anymore.

"Cheers, cheers, to celebrate your success."

"Hehe." Song Shuiqing was truly content with her lot, earning 300,000 yuan every month, something she never dared to dream of before.

Moreover, this is just the beginning, and things will definitely get better in the future.

Who told her to have such a formidable brother-in-law?

Yao Anni came with her to report on the investment in physical clothing stores. Last year, Chen Pingsheng invested 1.2 billion yuan in her.

The main focus is on penetrating the traditional apparel market in lower-tier cities.

The future of the physical apparel industry will definitely be increasingly difficult, but if it can be paired with Tencent Media, it will be a completely different story.

With a billion dollars, you could open a thousand directly operated stores. Nine Warehouse sells both men's and women's clothing.

The core profit model for the future will still be short videos plus.

This was also the last large-scale traditional physical industry investment he made.

It is estimated that more than 2 billion yuan will be invested in the next few years.

Once Douyin e-commerce becomes popular, his No. 9 Clothing Warehouse will be able to provide the fastest delivery service.

Delivery within one day will be a unique advantage in the apparel industry.

They are simply incomparable to any up-and-coming talent.

"Brother-in-law, I heard that you're giving An'an 200 million yuan in pocket money every year?"

"Where did you hear that?"

"Where else could it be? Of course, it's my Aunt Fen's place."

Aunt Fen was naturally referring to Liu Fen. Song Shuiqing was so envious her eyes were practically popping out of their sockets. "Brother-in-law, An'an is only ten years old, isn't she?"

"Yes, he'll be officially ten years old soon."

"Two hundred million in pocket money, even if she spends one million every day, it would still take her two hundred days to spend it all!"

Song Shuiqing felt it was too exaggerated; what kind of adult would give a child under ten years old 200 million yuan in pocket money every year?

Didn't he consider that An'an might squander the money?

Oh... I forgot to mention something, no matter how much Chen An'an squanders her money...

Given how fast her family earns money, it seems like they could never spend it all.

This is truly a case of comparing yourself to others and feeling utterly envious.

If Chen An'an can spend 200 million yuan a year at her age, what must be her current worries?
Song Shuiqing racked her brains, but she really couldn't come up with an answer.

Perhaps the only problem is spending money!

In fact, Chen An'an also has worries about making money. She even organized a "Big Smart Club" in her class.

I just want thirty little brats to outwit Zhuge Liang.

(End of this chapter)