The Birth of Shanghai's First Conglomerate

The sweltering heat of July.

The family was incredibly happy after returning to Shanghai, especially Erpiya, who was overjoyed.

A two-month holiday is a happy period for children, but a difficult period for parents.

Chen Pingsheng is alright.

Although the three little ones in my family are all different, they are generally very easy to take care of.

Chen Lu, the third child, will soon be one year old. I don't know if we should hold a celebration for her birthday in Shanghai.

"Dad, do you want to come with me to the foundation?"

Chen An'an has his own Anle Foundation, and his wife Song Yanxi bought him a five-story villa on the Bund.

I spent more than half a month in the mountain village this time, and I still gained a lot after returning.

Now that she has her own things to do, Chen Pingsheng certainly won't stop her.

"Go ahead, but remember to come home for dinner!"

"Okay!" Chen An'an asked the driver to take her to her foundation and also to inform Shen Youwei that she had arrived in Shanghai.

After she left, only Erpiya was left at home, staring at him blankly.

"Dad, why can my sister start a company, but I can't?"

"You're only a few years old. Let's talk about it when you're as sensible as your older sister."

Erpiya likes to compare herself to her older sister in everything, but she can never win.

"I'm very sensible, okay!"

"Do you believe this yourself?"

Chen Pingsheng was too lazy to pay attention to her. He had been gone for half a month and hadn't returned yet, so he was going to go to the company to check on things.

Chen Lu, the mistress, is still being raised by his grandmother Peng Ying and maternal grandmother. These two elders spend their days either dancing in the square or looking for money-making projects.

Some projects do allow them to earn a little money, but most of the time they are scammed.

Anyway, I won't invest too much; I'll just treat it as a hobby when I'm old.

Chen Pingsheng went to the garage to drive his car, but he didn't choose the Phantom or his own Maybach S680.

Instead, he couldn't resist opening his burgundy convertible Bugatti Veyron.

With an 8.0T engine and a price tag of over 50 million, it is undoubtedly the pinnacle of the sports car world.

Stepping on the gas, the roar was incredibly exciting.

Erpiya sat in the passenger seat, wearing sunglasses, her wispy hair flying everywhere in the wind.

Shanghai is still the best. When I drive my family car, I get 100% attention wherever I go.

Now that's more like a little princess!

Erpiya said, "Dad, didn't you say that after we come back, I can go wherever I want to play?"

"Haven't you had enough fun in the mountains yet?"

"That's not playing around, it's clearly a tribulation."

Erpiya remembered what he said; don't even think about fooling her.

Chen Pingsheng asked her to tell him where she wanted to go for fun.

Erpiya counted carefully on her little fingers.

"I want to go skiing, travel the world on the ocean, and even have an Antarctic adventure."

She looked so excited; she finally had a day off, of course she wanted to go out and have fun!
Chen Pingsheng did not object, only saying that he did not have time now and would wait two more days to see.

Erpiya said "okay" and then went to the company with him.

The Bugatti was parked at the headquarters entrance, where his dutiful cousin, Chen Fan, was still working as a security guard.

He's been married to his normal wife for several years, but they still don't have children.

This is a bit strange.

Chen Fan's mother and third aunt often called to ask about him, but he never paid attention.

It seems I'll have to find time to ask about it.

Unlike his other relatives, Chen Fan was born with an intellectual disability, and his IQ will always remain below 10 years old.

It's no exaggeration to say they're children who never grow up.

Chen Pingsheng patted him on the shoulder and offered a few words of encouragement before going upstairs to work.

As for Erpiya, she will definitely go up with him.

There's great news in July.

That is, Pinduoduo, which he invested in, is going to officially complete its Nasdaq listing this month.

Its market value is definitely over 20 billion US dollars, but the exact amount is still unknown.

He owns a 3% stake in Pinduoduo, and the return on this investment would be substantial once the company goes public.

In addition to Pinduoduo's planned IPO this year, Meituan, another company he invested in, is also scheduled to complete its Hong Kong IPO in September.

With a valuation exceeding $50 billion, he also owns 3% of the shares.

Now, let's not even talk about hyping up projects; he's made a fortune just from these investments.

It is clear that the listing is just the beginning for these two stocks, and there is still great potential for growth in the future.

As for Tesla, another major stock he invested in, its share price has been soaring due to the construction of a factory in China.

It has already exceeded 70 billion US dollars.

Chen Pingsheng tapped on the table, indicating that he was considering continuing to buy.

This is not due to any other reason, but mainly because the country's support for new energy is unprecedented.

Purchase tax exemption, interest-free loans, and all sorts of subsidies combined.

If new energy technologies achieve a major breakthrough, it's hard to say that this market won't surpass that of traditional gasoline vehicles.

It's just a matter of time.

Once new energy becomes the trend of the times, Tesla, the leading company in the new energy field, will emerge.

The stock price is bound to surge again.

He didn't know exactly how high it could rise, but it would definitely exceed 100 billion US dollars.

Let's leave it for now and buy some more when we have the money.

Secretary Zhang Wanyi sent me an email saying that Guo Ziyi from Hong Kong recently visited Tencent Media in Guangdong.

He spent three days on the inspection, but he happened to be taking his two little ones to a rural mountain area during that time, so he didn't accompany them.

Guo Ziyi is the eldest grandson of the third generation of the Guo family in Hong Kong, and he also runs a very famous top-tier department store chain in mainland China.

The rise of the influencer economy is unstoppable.

He himself works in the department store business and is eager to establish a market presence in this area.

The best approach is undoubtedly to directly invest in the already established Tencent Media Group.

The three major shareholders of Tengyou Media are Xinteng Live, which holds 20% of the shares.

Chen Pingsheng owns 50%, while Zhang Yiming of Douyin Group owns the remaining 30%.

Judging from these three major shareholders alone, its future is very stable.

Guo Ziyi hopes to purchase 15% of the shares, and the cooperation can be carried out through a combination of share swaps and cash.

Chen Pingsheng did not quite agree with the plan, mainly because he himself owned Tenghui Department Store.

I'm not particularly interested in the kind of high-end shopping malls that Guo Ziyi describes.

He prefers cash.

The benefits of joining Guo Ziyi as a strategic partner are very obvious.

That is to complete the market layout of Tengyou Media in the high-end department store sector.

If Tencent Media can reach a cooperation agreement with Guo Ziyi, it will be a future opportunity for luxury goods influencers to promote products.

The discount will definitely be the biggest.

After all, his advantage in this area is particularly obvious.

If we cannot provide Tencent Media with strategic benefits or address its weaknesses.

No matter how much money he had, Chen Pingsheng would never sell his shares to them, because it would be meaningless.

This is fundamentally detrimental to the company's future.

The most outrageous thing is that two second-generation rich kids actually wanted to do business without any investment, attempting to buy shares for one yuan with the protection of their parents.

Go to hell.

After finding Zhang Wanyi, the two men made overt and covert threats for a while.

It was practically an open statement: I once won first place in the district for an essay. The essay was titled "My District Chief Father."

Coincidentally, Tengyou Media was located in that district.

Chen Pingsheng himself came from Beijing, and he had already reached this stage in the development of Tengying Group.

We can't be easily threatened!

……

Chen Pingsheng took his private plane to Guangdong.

Fortunately, Guo Ziyi is still here. The Guo family's business complexes are doing quite well, both in Shanghai and Guangdong.

The two arranged to meet at Baiyun headquarters, and Chen Pingsheng's conditions were very simple.

Douyin's current development trend is clearly more optimistic than Kuaishou's.

Tencent Media, which grows by relying on Douyin, will have a market value that is incomparable to that of Xin Teng Live.

To use a very simple analogy, one is declining while the other is still growing rapidly.

Therefore, Tencent Media's valuation of 40 billion is not considered high.

If Guo Ziyi wants to acquire a 15% stake, he must invest 6 billion yuan in cash.

As long as he feels it's worth it, six billion is not too much for the Kwok family, one of the four great tycoons in Hong Kong.

Last year alone, the Guo family spent 217 billion yuan to buy a 140-acre prime commercial plot in the center of Shanghai.

Later, another 30 billion yuan was invested in construction.

The most outrageous thing is that the Guo family didn't use any loans for these 50 billion yuan.

All of it is their own capital, which shows that their strength is far beyond that of those super-debtors in mainland China.

Let's put it this way: Xu Zhidao, and many other real estate tycoons in mainland China, are all just superficially impressive.

If the economic situation takes a major turn for the worse, banks will tighten credit.

All of these people are facing a crisis of running out of funds.

The Guo family certainly wouldn't, as their annual rental income alone reaches between 150 billion and 200 billion.

This level of strength is far beyond what those fake tycoons in mainland China can compare to.

Even now, Chen Pingsheng's commercial real estate income is only a little over 2 billion yuan a year.

Compared to established wealthy families like the Guo family, there is still a huge gap.

Guo Ziyi's idea is cross-shareholding, similar to Zhang Yiming of Douyin, exchanging shares of a major shopping mall in Shanghai for shares of Tencent Media.

In addition, I will provide some cash compensation.

Share swaps are also a common form of cooperation in large-scale projects.

Chen Pingsheng explicitly refused, saying, "To be honest, I need some cash right now, so I have to decline your offer."

Do you still need cash?

Six billion is nothing to the Guo family, especially considering that Douyin has already spent 2.5% of its shares to complete a share swap with Tencent Media.

Guo Ziyi laughed and said, "You're probably the person in Shanghai who has the most cash on hand right now. If you're willing, take those commercial properties in Hong Kong and get a loan, and I guarantee I can get you 20 billion in cash within three days."

Chen Pingsheng's global headquarters in Hong Kong alone is worth over 10 billion, not to mention the Teng Hui Department Store and Shui Yun Jian, among many other storefronts.

If he wanted to, he could indeed quickly obtain billions in loans using these real estate properties.

"There's no need for that. I'm just short of money. Even if you gave me 20 billion, I wouldn't know where to spend it right now."

"Alright, since you insist, I'll go back to Hong Kong and hold a board meeting to discuss it. I'll get back to you within seven days."

With a cash investment of six billion yuan involved, Guo Ziyi couldn't make the decision alone.

He also needs to report to the board of directors and obtain their approval first.

Chen Pingsheng waited for his reply and then took him to visit his Tengying Art Academy.

He initially opened this school because he wanted to open the door to the entertainment industry for ordinary people.

Let's improve the current atmosphere in the entertainment industry.

Who would have thought that this place would become the backyard of Yateng Short Drama and Tengyou Media?

To date, at least half of the online celebrities have entered Tengyou Media through Tengying Art Academy.

This is actually quite normal, after all, students at art schools are not only good-looking.

His talents are also far superior to those of the average internet celebrity.

At least when it comes to dancing a little sexy dance, the girls here do more than just wiggle their hips and sway their pelvis.

They excel in traditional Chinese dance and are also very good at various trainee competitions.

If someone from the entertainment industry were to cross over and become an internet celebrity, it would be a devastating blow to ordinary internet celebrities.

Tengyou Media has been able to develop so rapidly and has even secured a place in the entire Douyin influencer circle.

It can be said that Tengying Art Academy has made a great contribution.

He felt that Tencent Entertainment was now mostly serving as a stepping stone for Tencent Media and other industries.

Guo Ziyi's visit to his place was quite a grand affair.

Chen Pingsheng also explained to him some of the ideas behind the founding of the school, as well as some of its current development directions.

It can be said that as long as his Tengying Art School and Tengying Entertainment are still operating normally.

Tencent Media will never lack internet celebrities.

He completely used the resources of the entertainment industry to launch a devastating attack on the online celebrity circle.

Those hardworking girls may not become big stars in the fiercely competitive entertainment industry.

Going into the influencer circle, where grassroots people gather, is like a fish in water.

There's absolutely no need to worry about having no future.

The reason I brought Guo Ziyi to see the Tengying Art School was to put his mind at ease.

The two have collaborated on more than one or two projects, and the collaborations are still going very well.

The main point is that everyone made money.

Therefore, when Guo Ziyi wanted to venture into the influencer economy, the first thing that came to mind was to collaborate with Chen Pingsheng.

As long as TikTok continues its rapid growth as it has in the past two years.

The value of Tengyou Media will only increase.

He's highly unlikely to lose money on those six billion.

Once Douyin Mall opens, live-streaming e-commerce will flourish.

With thousands of internet celebrities, Tengyou Media is definitely a force to be reckoned with.

It will definitely shock countless people.

His traditional business ventures over the past two years have largely followed this direction.

Once live-streaming e-commerce is allowed, Tencent Media's value may far exceed its current 40 billion yuan.

Of course, that's all in the future. The goal is to get Guo Ziyi to actually come up with the money.

We'll definitely have to let him see some things.

Chen Pingsheng led him on a long tour, and only after he left did he take his secretary Zhang Wanyi to have dinner alone.

The former secretary has been transferred to the position of president for some time now.

After Sun Liancheng left, Tengyou Media was in chaos for a while.

Things stabilized quickly afterward.

The main reason is that, apart from Sun Liancheng, the other senior executives have not been affected.

As long as they aren't foolish enough to go against the group, their positions and such will basically remain unchanged.

With the cooperation of so many original senior executives, the secretary quickly and thoroughly streamlined Tengyou Media.

Until now, it has successively carried out equity swaps with Douyin.

They will then bring in the Guo family, a powerful major shareholder.

From a strategic perspective, with these two companies investing, Tengyou's future path will obviously be smoother.

This is something my secretary has always admired.

The big boss is far away in Shanghai, yet he can still make decisions for her from a thousand miles away.

By completing the overall business layout as early as possible, they can harvest the fruit as soon as it ripens.

Be the first to try something new.

(End of this chapter)