The Birth of Shanghai's First Conglomerate

In the third month of spring, the temperature is slightly cold.

The New Year atmosphere had just passed in early March, and everyone was ready to get back to work for the new year.

For Chen Pingsheng, without the random multiplication of less than 10 billion yuan, many of the small and medium-sized projects of Tengying Group have become less meaningful.

However, he also has several projects in the works worth hundreds of billions of yuan.

For example, Tengfei New Energy Vehicles, which went public in January, and Tengde Times, which is still making every effort to overcome the challenges of solid-state battery research and development with an annual investment of over 20 billion yuan.

These are all projects with a starting value of hundreds of billions.

New energy vehicles have received strong domestic support, with favorable policies in areas such as tax exemption and subsidies.

However, it is still immature at present, mainly due to battery technology and consumer distrust.

Chen Pingsheng estimates that it will take at least three more years for Tengfei New Energy to truly cross the loss line and achieve break-even on its financial statements.

He's not the only one in this situation; the entire new energy vehicle brand industry is now relying on financing and government subsidies to survive.

Without these two components, he would be the only new energy vehicle company left on the market.

After all, he was the only one who personally invested hundreds of billions of dollars to build cars.

Although the small projects could no longer obtain the random multiplication of the Golden Finger Grandpa, the stocks that Chen Pingsheng had invested in earlier were exceptionally pleasing.

Meituan, which went public last year, has seen its stock price soar, and now has a market value of HK$400 billion.

Pinduoduo's value has also risen to 300 billion US dollars, and it has a good chance of surpassing JD.com.

He was one of the top ten shareholders of both stocks, and it was really easy for him to make money after he got rich.

All you need is a slightly better eye.

He doesn't need to cash out now since he's not short of money. He'll wait until after this year when Tengfei New Energy needs money before considering it.

As for Chen Pingsheng, who still has seven or eight billion yuan in his pocket, he plans to use four billion yuan to buy a piece of land in Jinshan and build a twelve-story cloud-top villa.

This is more than just a place to live; it also includes world-class medical services and a wide variety of entertainment facilities.

An open-air courtyard will also be built on the rooftop, with half for living and the other half for growing flowers and grass.

Waiting for a rainy day to brew a cup of tea outdoors would be such a pleasant way to spend one's life.

He has already assigned a dedicated team to Kingsoft to handle this matter.

This is also his main villa in Jinshan, and it was something that had to be built.

Of the remaining funds, two billion was allocated to the Dream Fund in Guangzhou, and one billion was allocated to Tengnong Livestock.

I'll keep the little bit left as my pocket money.

There are three children to raise at home. If we don't prepare some pocket money, we're afraid we won't be able to cover our expenses for the year.

Chen Pingsheng had a clear plan, and by the time his secretary Lin Qiunan came to find him, it was already 11 a.m.

Comrade Chen suddenly had a brilliant idea: to open a state-run canteen like those in Shanghai during the 1960s and 70s.

Lin Qiunan found him several decent storefronts, but the rent was quite high.

Chen Pingsheng had no intention of buying another storefront. If he were to spend hundreds of millions to buy a storefront while running a small business, he would end up like his younger sister, Chen Qi.

They were full of enthusiasm when they first started, but once they were sure they were making money, they just shrugged off and became hands-off managers.

There was absolutely no pressure.

If she had several million yuan in rent to pay every year, would she still dare to be so willful?
"Great, let's pick the most expensive one for him."

For some reason, Comrade Chen has become very ambitious since coming to Shanghai. He doesn't just want to build a Fortune 500 company; he also wants to create a listed company on his own.

The Red Star Canteen, which was all the rage in the 1960s and 70s, was his idea.

A well-run retro-style restaurant like this can still evoke nostalgia, especially among the older generation. It's just that expanding it to a much larger scale is unlikely.

Look how stressed Gao Hu is now; he's only hurting himself.

“Uncle Chen, every year in the third month of spring we receive many university lecture events. President Chang said before that if there are any more such events, we must invite him.”

"He just didn't go to college and wants to go to those universities to show off."

Chen Pingsheng knew exactly what Chang Fu was thinking. After that guy went to Tencent Entertainment, he did a really good job.

The financial performance showed impressive growth, and the stock price also rose significantly as a result.

"You can make arrangements for him. The Shanghai Film Academy and other art schools in Beijing should be happy to invite him to give a speech."

"Okay, aren't you going?"

Lin Qiunan handed over two special invitations. Judging from the names on them, they were quite extraordinary. One said Tsinghua University and the other said Peking University.

There was a time when Tencent Group couldn't even get into these two universities.

Now I have also received their personal invitation.

This means that Tengying has officially developed into a top-tier private enterprise in China.

This is a symbol of strength and glory.

Chen Pingsheng leaned back slightly in the CEO's chair, seemingly lost in thought.

"I won't go. When my mom used to tell me to study hard, I never dared to say that I could get into these two schools. Now I can give a speech there. It's quite novel."

Chen Pingsheng said, "Go and inform Xu Dong, the president of Tengfei Business Unit, and Zhang Zhiyao of Tengde Times. They should also increase their exposure. It's time for outsiders to know about our investments in the new energy industry over the years."

"In addition, you should have Yang Qian, the president of Deer Antler Coffee, visit all the 985 universities in the country. This will increase brand awareness and these people are potential customers of Deer Antler Coffee in the future."

"One more thing, Chu Qiuyan is doing a great job at the Dream Fund. Many people thought that after losing her position as the president of Bobo Milk Tea, she was destined to disappear from the public eye. It's time for her to lead the Dream Fund back to the dazzling stage of this great era."

Aside from giving a speech at a university when he was recruiting people for Tengfei New Energy, Chen Pingsheng has never participated in any similar activities.

For him, going to university meant nothing more than gaining the admiration and envy of young men and women.

Moreover, things are starting to look a bit off about Hangzhou Ma, who likes to give high-profile speeches.

This was the most glamorous business tycoon in their business world over the past decade.

In contrast, the low-key Shenzhen Marathon remained as steady as a rock.

If Teacher Ma really falls behind, it's definitely a bit of a shame.

After all, he was truly full of vigor and ambition, and he dared to say many things that others wouldn't dare to say.

He dares to do what others dare not do.

Based on these two points alone, he is a respected figure.

Lin Qiunan didn't understand what Chen Pingsheng was thinking; the presidents under Tengying Group could be exposed.

This not only establishes the image of a star-level CEO, but also generates a lot of traffic for their own products.

It's like Jack Ma's influence on Taobao.

No matter how many celebrities are bundled together, they can't match the popularity of Teacher Ma alone.

The new era has arrived, and these CEOs are now trying to establish a persona online and increase their companies' exposure.

Not only are employees being embezzled, but the CEO is also getting involved.

(End of this chapter)