The Birth of Shanghai's First Conglomerate

Living in Shanghai, I often see news about Tencent Film Group.

Just like this group's personnel adjustment, more than 8,000 people were laid off in one round of optimization.

Aside from sparking public discussion about midlife crisis, it didn't generate much buzz.

The CEO rotation system is different. After the new round of CEO rotation, companies such as Bobo Milk Tea, Boiling Sheep, Teng Hui Department Store, and Teng Ying Entertainment took office.

The stock price saw a slight increase.

Subsequently, Chang Fu delivered a speech at the headquarters of Tencent Entertainment in Beijing, outlining the film and entertainment group's plans and goals for the next two years.

The stock price surged again.

In particular, Tencent Entertainment will establish its own subsidiary specializing in live-streaming e-commerce, which means it has become the first entertainment group in the industry to publicly lead all its celebrities to transform into live-streaming e-commerce.

Celebrity endorsements primarily focus on brand-related products.

It won't involve any low-end products, like bags that cost a few dozen yuan.

Even if these celebrities talk a good game in their live streams about watches that cost ten yuan each, anyone with a modicum of common sense wouldn't believe that celebrities would use such products.

It can be said that the live-streaming e-commerce subsidiary established by Tencent Entertainment mainly focuses on selling high-end products.

For the mid-to-low-end segment, there are Xinteng Live and Tengyou Media, so there's not much to worry about.

As for internal projects such as movies, television, and variety shows.

Except for a few big-name stars who can guarantee box office or viewership ratings, most others will control their investments.

They will not even invest more than 100 million yuan in any project for any young male or female celebrity.

This area has been a loss-making project for the past two years.

Popularity is fleeting; aside from fans' self-indulgence, many people dislike the work itself simply because of the popularity of the celebrity.

Tencent Entertainment is undergoing major changes, and other brands are experiencing the same.

This is typical of a new broom sweeping clean; the CEO is often at his most passionate when he first takes office.

The capital market is clearly very optimistic about this major personnel reshuffle at Tencent Pictures.

All of this is well reflected in the stock price.

……

In late October, Grandpa celebrated his eightieth birthday.

Chen Pingsheng drove his yellow Lamborghini SUV, taking his wife and children to the villa to celebrate his birthday.

Lamborghini is already making off-road vehicles, so how far behind can Ferrari be?

The Urus is equipped with a 4.0L V8 engine and is classified as a mid-to-large-sized SUV.

The main feature of this car is its fast acceleration.

In terms of appearance, it is not as good as the Rolls-Royce Cullinan, nor does it have the grandeur of the Range Rover, nor does it have the style of the G-Class.

It's just average, nothing special.

He bought five units at once and gave one to each of Chen Yao and Chen Qi.

He would buy several of the high-end new car models that are released every year.

Money doesn't matter, the main thing is novelty.

He doesn't like Lamborghini sports cars, but this SUV is alright for off-roading.

It's Grandpa's birthday, so naturally, our family is having a big celebration.

Just like in our rural hometown, my third aunt is in charge of handling these kinds of things.

When these people first arrived in Shanghai, everything was new and exciting, and they enjoyed themselves immensely.

As time went on, everyone started getting restless again.

I still want to find a job, mainly to pass the time.

Most elderly people in rural areas have worked their whole lives, and as long as they are still able to work, they are unlikely to be idle.

My second and third uncles were all like that.

Regarding job hunting, the family has discussed it and decided that working for their own company would be the best option.

But these people aren't like Chen Fan. They don't go to the group to work as security guards and then brag to people every day that they're the big boss's uncle, that would be a bit troublesome.

In the end, they all agreed to go find jobs on their own.

At this age, with little education, the jobs available to me are very limited.

Besides the security guards, there's also Grandpa Qin, the gatekeeper; these two have the easiest jobs.

In celebration of the occasion, Chen Pingsheng also bought his grandfather an 18k gold Rolex Daytona with diamond-encrusted lugs, worth 108 million yuan.

This watch would look tacky on an average person, after all, it's a gold-plated steel band with rainbow diamonds.

But when worn by an elderly person, it looks incredibly stylish.

Commonly known as glittering gold.

His grandfather said it was a waste of money, but he actually liked it quite a bit.

Who wouldn't like someone who's been poor their whole life to be able to live so luxuriously in their old age?

After the meal, Chen Tan, the youngest son of the second uncle, came to tell him some good news.

He and Meng Yuanyuan are getting married.

The reason the two were able to move so quickly was mainly because Meng's father visited him at the headquarters of Tengying Group several times.

Because of Meng Yuanyuan's kinship, Meng's father was able to travel to the headquarters of Tengying Group to see him alone. Chen Tan, that silly boy, was just an ordinary university graduate, and his second uncle was a genuine rural pig farmer.

It's no exaggeration to say that he was incredibly lucky to marry a woman like Meng Yuanyuan.

But the human heart is sometimes such a mysterious thing.

Despite having found such a wonderful wife, Auntie still hoped that Meng Yuanyuan's parents would buy them houses.

He even secretly had his third aunt ask him if he should bring a bigger gift for Chen Tan's wedding.

For example, a storefront, a Mercedes-Benz, a house, and so on.

These things were originally none of Chen Pingsheng's concern, but after his second aunt brought them up, Chen Pingsheng simply decided not to take any of them.

He received a wedding gift of 88,000 yuan, but nothing else.

Meng Yuanyuan was quite surprised, after all, Song Shuiqing's example was a precedent.

She's his wife's cousin, but this guy is the big boss's cousin!

This is the result.

It can only be said that neither Chen Tan nor his parents are very good at interpersonal relationships.

Even now, although Auntie says thank you on the surface, she is still thinking about how much gift Chen Pingsheng will receive for her son's wedding.

As for Chen Tan, he neither says nor does anything.

He always thought these things were his due.

Meng Yuanyuan married him because of his refined temperament and excellent knowledge.

He has absolutely no connection with his cousin, Chen Pingsheng.

Chen Tan said this more than once or twice in front of his relatives.

Meng Yuanyuan regretted asking Chen Tan for help. After she went back and told her father about the situation, she decided to wait.

After hesitating for a long time, Meng's father finally decided that the marriage should not take place, but Meng's mother slammed her hand on the table and decided that it should not go through with it.

It's not for any other reason, but mainly because Chen Tan and his family are terrible at interpersonal relationships.

If they continue like this, Chen Pingsheng won't help Chen Tan much at all.

If that's the case, then they've clearly made a huge mistake by choosing such a family as in-laws.

They were completely mismatched, and their cultures were worlds apart.

We can't push our daughter into a fire pit.

But since things have come to this point, it's not something they can simply refuse on their own.

It wasn't so much about considering Chen Tan's feelings, but mainly about taking care of Chen Pingsheng's family.

If you live in Shanghai, you simply can't avoid Chen's business.

Those are the truly top-tier business tycoons.

Unlike her second aunt, Meng's mother was not bad at interpersonal relationships; she went to see Song Yanxi first.

She was the one who introduced us to this business, so now we have no choice but to go to her.

They didn't directly say they were breaking off the engagement, but just explained the basic situation.

According to Chen Tan's mother's approach, her family was unwilling to pay any bride price whatsoever.

They even hoped that the Meng family would provide a house and a car as compensation.

If that's the case, then the Meng family will become a laughing stock in Shanghai.

Song Yanxi has experienced something like this before; wasn't it the same when Chen Qi got married?

So many people are secretly cursing their family for being stupid.

He even paid a dowry of 300 million yuan to marry off his younger sister.

The Hu family refused to give a single penny.

Her husband had been quite angry about this before.

But seeing how genuinely Hu Lin treated Chen Qi, he stopped caring.

No family would want their daughter to encounter such a thing.

Michelle Song understands Meng's mother's feelings very well; her understanding and reasonableness are well-known in the entertainment industry.

She will not interfere in Chen Tan's affairs, nor will she affect the relationship between the Meng and Chen families.

If Meng Yuanyuan wants to break up, she should just say it herself.

This is nobody's fault but Chen Tan's own; he was too indecisive.

Still acting silly.

His parents were also just looking to make a profit.

From a woman's perspective, what right does his family have?

What gives Chen Tan the confidence to say that finding Meng Yuanyuan has nothing to do with her husband?

Song Yanxi's magnanimity pleased Meng's mother, who was just worried that she might be unhappy.

Offending Chen Pingsheng for no reason is not a good idea.

As long as Song Yanxi has no objections, her husband certainly won't either.

Everyone in the industry knows that this couple has a great relationship!
(End of this chapter)