The Birth of Shanghai's First Conglomerate

The matter of Gao Hu.

Chang Fu continued to pay attention.

After leaving the show "Boy Sheep", he started his own restaurant chain called "Chef Gao".

He started off very aggressively, and he himself invested 200 million yuan.

Later, they poached a large number of store managers and chefs from Boiling Sheep, and worked there with great momentum for more than half a year.

All sorts of problems have also emerged.

First, Gao Hu himself, as always, couldn't control his lower body and not only liked to play with the young models outside.

He didn't even spare the pretty waitresses in the store.

The consequences of such behavior would be absolutely disastrous.

The next batch of senior executives followed suit, and almost none of them remained faithful to their husbands.

If these aspects are merely matters of personal morality, then his constant withholding of wages is truly fatal.

The reason why the stock price of Boiling Sheep is extremely low is mainly due to the high income of its employees.

It's safe to say that no one in the entire industry earns more than the chefs and waiters in Boiling Sheep.

The people he poached found after working there for a while that their income was less than half of what Boiling Sheep earned.

It's no wonder I was happy at that moment.

It was a far cry from what Gao Hu had promised.

Unfortunately, even if Gao Hu himself wanted to offer high returns, the investors in him would not agree.

Furthermore, he is completely incapable of providing a high income.

After leaving Chen Pingsheng, Gao Hu was besieged on all sides and deeply felt the difficulty of running a large enterprise. He was no longer as spirited as before.

Now that Xiao Chun has asked him for a divorce, he has no choice but to agree.

The four brothers were: him, Chang Fu, Zhang Tao, and Chen Pingsheng.

He was the only one who left Tengying Group; Chang Fu and Zhang Tao were living incredibly comfortable lives.

They were all big shots in their own right, but he himself has fallen to the point of being unable to make ends meet.

This is just pointless tinkering!
Chen Pingsheng ignored him. After Chu Qiuyan came to the Guangdong Dream Foundation, she also brought about excellent changes to the area.

She first organized the twelve small chain fast food restaurants that are currently developing independently into four different categories: Hunan style, Cantonese style, steamed food, and noodle shops, and then managed them in a unified and independent manner.

The four merged brands then each secured a Series C funding round of over 50 million yuan.

They went to major cities across the country to acquire land.

Simply put, it involves consolidating previously scattered restaurant investments into a single category.

Then, with an even larger sum of money, the four major brands will independently expand their reach across the country.

It's unknown who will emerge first, but one or two will certainly emerge in the future.

Not only is the catering sector undergoing major category consolidation, but the retail sector is doing the same.

Chu Qiuyan agrees to anything that benefits the overall development direction.

Then, funds will be allocated from large corporations to support these expanding projects.

She does have entrepreneurial experience with Bobo Milk Tea, and she has her own unique experience in promoting the company's development and listing.

Not only is the Dream Fund developing rapidly, but Tengyou Media is doing the same.

After absorbing No. 9 Warehouse and more than 100 supermarkets from Tenghui Department Store, Tengyou Media became the first super-large enterprise in the industry to combine short video online influencer economy with physical department store service trade.

On January 2, 2019, Tengyou Media officially held a press conference.

It announced its 80 billion valuation and plans to complete its IPO financing by the end of February this year.

The target for this round of financing is as high as 320 billion, which means a plan to dilute 40% of the shares.

The news caused an uproar in the entire online celebrity community, which was still in a period of rapid, unregulated growth.

Chen Pingsheng's investments in Xinteng Live, which now includes Tengyou Media, have long become a capital harvester for the entire industry. Not only are they deeply integrated with short video apps, but they have also developed a team of over 100,000 online influencers and livestreamers.

It's fair to say that among the countless internet celebrities in the world, Tencent Media accounts for half of them.

Just as large corporations were preparing to enter the market, his company had already grown into a behemoth.

Whether you like it or not, the new era has quietly arrived.

The most direct reaction is that BAT (Baidu, Alibaba, Tencent) are no longer the dominant players on the internet. In terms of traffic, ByteDance's Douyin has become the most popular short video app among young people.

A valuation of 80 billion seems like a lot, but given its size, it's entirely possible.

Over the next two months, the beautiful CEO Zhang Wanyi will represent Tengyou Media to give business speeches in various places.

The main task was to help Tencent Media successfully complete its IPO by the end of February.

Chen Pingsheng himself also needs to meet some important figures in Guangdong. The building for the influencer live streaming base, which he previously invested 2 billion yuan to build, is still under construction.

In the future, the live-streaming e-commerce by numerous online influencers will undoubtedly further enhance Guangzhou's reputation as the leading city for foreign trade.

When a trend emerges, you either follow it or you are eliminated by the times.

It's obvious that Chen Pingsheng is the former.

Investing in short videos started three years ago, and now it's finally bearing fruit.

It can only be said that everything is preordained.

Chen Pingsheng stayed here for two days, until after New Year's Day, when he took his private plane back to Shanghai with Song Yanxi and the others.

Zhang Wanyi and a series of executives from Tengyou Media also suggested to him that Tengying Art School, a subsidiary of Tengying Entertainment, be packaged and sold to Tengyou Media.

The main benefit of doing this is to improve the basic training for online influencers.

To be honest, the overall quality of internet celebrities in this industry is absolutely not worthy of their current income.

Zhang Wanyi wants to take over Tengying Art School and turn it into a training base for internet celebrities.

This is much easier than training stars. Tengying Art School has been running for two or three years but hasn't produced a single decent big star.

Instead, it has cultivated countless decent online celebrities.

Chen Pingsheng thought about it and agreed. He had also spent more than 3 billion yuan to build Tengying Huadu Art School.

Now that it's being sold to Tencent Media, even if it doesn't make a profit, it certainly won't lose money.

Let's stick with the 3 billion standard.

A private, top-tier art school covering nearly a thousand acres has thus become a training base for internet celebrities in the new era.

Chen Pingsheng's initial idea was perhaps excellent: to rely on art schools to cultivate more people like Wang Baoqiang and Zhao Liying to enter the entertainment industry.

Three years have passed, and the result is, to put it bluntly, less than satisfactory.

If Tencent Entertainment hadn't transformed quickly, it wouldn't have been able to maintain its market value of over 150 billion yuan by producing movies and TV series.

Totally impossible.

Tengying Art School has been operating for three years, and its only contribution is that it has been able to train nearly a thousand young internet celebrities every year.

Without this, it would be a huge loss.

Selling off the training base for internet celebrities is fine, since Tengyou Media isn't exactly short of money right now.

The first 15 billion in cash will be paid, and the remaining 15 billion will be paid at the end of 19.

Buying with the left hand and buying with the right hand, everything is negotiable.

It can only be said that Tengying Art School is of great significance to Tengying Media, but it has always been a huge burden for Tengying Entertainment.

Chang Fu had long wanted to get rid of this burden.

They just couldn't find a suitable sucker, so it's best that Tengyou has taken over.

(End of this chapter)