The Birth of Shanghai's First Conglomerate

October is here again, and the National Day holiday is here.

The family didn't go anywhere, and the Bund in Shanghai was extremely lively.

Many tourists from other places come here to travel.

Sitting on the edge of the balcony and looking down, all I could see was a sea of ​​people.

The bustling metropolis of Shanghai is certainly still attractive.

Song Yanxi, who hadn't cooked at home for a long time, invited her sister Song Wu, Yang Changwen, Chen Qi, Hu Lin, and other relatives to her home for a family meal today.

It's National Day, after all, so it's bound to be a lively occasion.

Erpiya, Chen Qi's son Hu Qilin, and Song Wu's chubby son Yang Chaoqun sat in the hall showing off their "Second Smart" account.

She's quite famous online, and Song Wu already knew that.

She was just a little confused, because logically speaking, her brother-in-law should have blocked her account a long time ago.

Back in the day, Big Paw Kid also liked to do live streaming, and he would ban an account almost every time a video went viral.

At that time, she thought it was a platform problem and almost begged her father to buy the entire platform.

It took a while to find out that it was actually her father who bestowed the title.

That's why she gradually stopped doing live streams.

Now Er Yatou is playing at home again, and she's doing something so outrageous.

With eight million followers, she has become one of the most popular online celebrities.

As her need for space grew, Chen Pingsheng simply bought another large single-level apartment upstairs with seven bedrooms, three living rooms, and four bathrooms.

The area is 680 square meters.

After deducting the shared area, the actual area is only a little over 500 square meters.

Based on the current housing prices, it's worth 1.2 million.

The main reason for buying this house is for convenience; we no longer need to go all the way to the Tan Palace Villa for gatherings and such.

In some ways, large single-level apartments are more comfortable to live in than those detached villas.

This was also the main reason he bought the house; the key was that he liked the Bund area.

Just a few steps outside and you'll find Nanjing Street.

In such a big house, kids can play with their own things, and adults can chat without making any noise.

Song Wu touched her lower belly and said, "Sister, I'm pregnant again."

"That's great news! You'll definitely have a second child, but we don't know if it will be a boy or a girl."

"It should be a boy. I think he's quite mischievous, and he often kicks me."

Song Wu seems quite happy; when this is mentioned, Song Yanxi's lips unconsciously twitched slightly.

"You're mistaken. The naughty ones are definitely girls. Look at my Chen Lu, he's almost too well-behaved."

Chen Lu, who was still wearing open-crotch pants, glanced at his mother again for no apparent reason.

I don't know why I'm talking about him again.

He soon learned that Chen Lu was not only frequently bullied by the girls in the neighborhood.

Even Hu Qilin, that chubby kid, can bully him.

Erpiya is even more formidable; aside from her own sister, whom she can't control, she can take on two other kids for every one she comes at her.

"Isn't it better to be honest?"

Chen Qi asked this question; her husband is very honest.

He's been honest for so many years, yet he hasn't been promoted at all.

And that's with Chen Pingsheng, the brother-in-law, around; that gives you an idea of ​​how outrageous it is.

Song Yanxi didn't even want to answer her question. Chen Lu was different; he was the only man in his family.

You really can't be too honest.

Song Wu then started talking about her important matters.

She now wants to start not only a celebrity management company, but also an entertainment company.

After all, both she and Yang Changwen had retired from the entertainment industry, and they still had some dreams about acting.

Now that I have money, I want to make money while also doing something I truly enjoy.

"Don't ask me about this, just ask your brother-in-law."

Song Yanxi told her the truth, "Your brother-in-law cashed out all of Tencent Entertainment's shares, leaving only 10%. Do you know why?"

"It's probably because making money from filming isn't very easy these days."

Aside from knowing that Tencent Entertainment was still the largest film and television group in the industry, Song Wu didn't really know much else about it.

Song Yanxi sighed, "That's because the industry, in its current state, can only support a company with a market value of 100 billion at most. Moreover, if it weren't for Tencent Entertainment's investments in Yateng Short Drama, Xinteng Live, and Tengyou Media in the early years..."

"Tengying Entertainment has been losing money for a long time."

"Losses?" This was the first time Song Wu had heard such news.

It would be a lie to say I wasn't surprised, because you should know that at least a third of the top celebrities are signed with Tencent Entertainment.

Tencent Entertainment accounts for at least half of the newcomers whose names are now recognizable.

Such a powerful entertainment group can still suffer losses!

This is not an exaggeration at all, and Michelle Song explained the reason to her.

The main reason is that actor salaries in the industry have risen too quickly in recent years.

Even a young, handsome actor can earn tens of millions for a single film. There are all sorts of unspoken rules and fake data that even a large corporation like theirs can't avoid.

Currently, Tencent Entertainment's role for the entire Tencent Group is to generate traffic and produce a large number of internet celebrities.

Maintaining the flow of traffic throughout the industry.

Besides, it's really unrealistic to expect to make money from it.

Song Yanxi has already made it clear that if her sister still stubbornly insists on going to act, it means she's not going to let her sister get away with it.

She wouldn't stop her then.

Don't think that a few hundred million is a lot in the entertainment industry; it's the production cost of any major drama.

Those would cost two or three hundred million.

As for those big-budget movies, they are obviously even more extravagant, with investments of three or four hundred million being nothing special.

Those who still dare to do this nowadays either have a real guarantee of box office success.

Actors like Shen Teng, Stephen Chow, and Wu Jing.

If there are no big-name celebrities, how can they claim to have invested 700 to 800 million?

That's basically money laundering.

Another type exists, which is to promote one's own child to become a big star.

Like the Xiang family in Hong Kong.

Song Yanxi has no idea how her sister is so stubborn as to make money by acting in the entertainment industry, but she's lost hundreds of millions of yuan.

They'll basically become honest people.

Actually, this wasn't just Song Wu's idea.

It was mainly Yang Changwen who wanted to film it; he used to be a nobody in the entertainment industry.

Now that you have money, why don't you go over there and flaunt it everywhere?

I always feel unwell.

After Chen Pingsheng came over from Da Piwa's room, he happened to hear that they were going to film a movie, so he patted Yang Changwen on the shoulder.

"You think you can be a big star?"

Yang Changwen was as honest as could be in front of him, and dared not utter a single boastful word.

"I just have a tiny bit of an idea."

"Sure, how about I get Liu Yifei to be your leading lady?"

"This...this...how dare I!"

Yang Changwen pulled his head back before he could even stick it out.

Chen Pingsheng wouldn't be as polite as his wife.

"If you two want to lose all the money you've saved over the years, then go ahead and bid. If not, you'd better buy more gold."

Gold prices have risen sharply this year, reaching 270 yuan per gram.

There are Chinese middle-aged women all over the world who are constantly hoarding gold.

Chen Pingsheng didn't know exactly how much his wife had invested, but they certainly had four or five hundred gold bars.

My sister-in-law's family just saved up some money, and now they want to go out and have some fun.

This person really doesn't know how to manage money. And they're still acting. Don't they know what the entertainment industry is like these days?

Film and television groups like Alibaba, Tencent, and Baidu, which are massive investors, lose over a billion yuan every year.

Why would they both want to work in the entertainment industry?

(End of this chapter)