The Birth of Shanghai's First Conglomerate

Besides tourists from other places, many people who frequently visit the Bund in Shanghai are also employees of nearby companies.

Young people make up the majority of the clientele, and bars like theirs, with their decent decor, never lack customers at night.

Erpiya also went to ask people, and she asked quite a few people.

Some people feel good about earning 7,000 or 8,000 a month, while others think it's too little when they earn 20,000 or 30,000 a month.

There are all kinds of people, whether they have seven or eight thousand or twenty or thirty thousand, none of them can match her daily expenses.

After Erpiya withdrew all the money she earned on Douyin, Chen Pingsheng didn't care how she spent it.

It's only a little over 100 million, which is a lot for Er Yatou, but not an exceptionally large amount.

Her huge company was actually a company without any ideals; the only difference was that she offered exceptionally high salaries.

With all the bonuses combined, a million a year is the minimum standard.

Erpiya will not mistreat her employees, and she will certainly not mistreat those who listen to her.

Although the little guy is a troublemaker, he is quite popular with his employees when he is the boss.

The worst kind of boss is one who seems nice to employees on the surface but never actually raises their wages.

It was already 10 p.m. when I got home. Song Yanxi was sleeping with her mistress, Chen Lu.

The little guy goes to bed before nine o'clock every day, very punctually.

It was almost 11 o'clock when Chen Pingsheng finished taking a shower. Song Yanxi asked him what he thought about being a bar owner.
Chen Pingsheng said it was alright, at least it would benefit the two little girls, which was quite good.

"In four months, Xiao San will be two years old, and Er Ya will be five next month. Time really flies."

"Time flies, so if we don't enjoy ourselves now, we might be old before we know it."

"We're already living this kind of life, how can we possibly enjoy it?"

Chen Pingsheng thought about it and agreed. His 4 billion yuan investment in the Jinshan super villa was already under construction and was expected to be completed in 2019.

Once the house is built, the whole family will move to Jinshan.

Leaving the city center of Shanghai and becoming a district tycoon there is not bad either.

The couple didn't talk for long; the mistress was fast asleep.

The next day, he took his two children to school as usual before going to work at the group headquarters.

Zhang Tao came over to report on the situation at Tengsheng Fruits, saying that the fruit business is becoming increasingly difficult.

The main problem is that the barriers to entry in this industry are too low, so anyone can get involved.

Each region has its own local fruit brands, and while they have some advantages in competing across regions, they are not particularly significant.

They only have a slightly lower cost per unit of fruit compared to others.

Zhang Tao's idea was to help Tengsheng Fruit go public and cash out a large sum of money.

Then use that money to invest in other industries.

To be honest, this is much more difficult than Tencent's 80 billion yuan IPO.

The main factor is the prospects of the fruit industry, which the capital market can easily predict.

Forget about a valuation of 10 billion, it's difficult to even reach 5 billion.

Zhang Tao's idea could only be completely shattered, and Chen Pingsheng didn't know why he suddenly had the idea of ​​helping Tengsheng Fruit go public.

I have a feeling it's somehow related to the mistress he had.

Even if Tengsheng Fruit doesn't go public, it still makes a fixed profit of four to five hundred million yuan every year.

After all, with so many stores already in operation, a failed IPO would damage the confidence of the original shareholders.

This is not a wise move.

Zhang Tao returned to Beijing somewhat disappointed; Chen Pingsheng's guess was indeed correct.

The reason this guy had the idea of ​​cashing out a large sum of money from Tengsheng Fruits was actually related to his affair with that mistress.

She studied finance, and while her family wasn't poor, they weren't particularly well-off either. Ever since she got together with Zhang Tao, she's acted like the wife of a CEO of a large corporation.

He was single-mindedly focused on helping Zhang Tao expand and strengthen his business, and achieve even greater success.

The fruit business is too ordinary and has absolutely no financial attributes.

In the minds of these finance students, dried fruit could only make them a little money.

They simply don't have the genes to make a fortune.

Chen Pingsheng started out selling dried fruit, but he later switched to other businesses and only then did he quickly rise to prominence.

The mistress kept whispering sweet nothings in Zhang Tao's ear, and over time she began to slowly change some of his thoughts.

Zhang Tao came to Shanghai hoping to find Chen Pingsheng to put the fruit on the market so he could cash out a large sum of money to do other things.

It must be said that many men who rise to prominence only to fall from grace again are mostly influenced by the negative influence of those close to them.

On April 6th, without Chen Pingsheng's knowledge, Zhang Tao actually mortgaged his Tengsheng shares in Beijing.

Instead of going through the regular banking channels, they obtained 300 million yuan from a private institution.

Over the years, Zhang Tao has served as president, and his shareholding has increased year after year, from an initial 7.5%.

It has been rising steadily to the current 15%.

Tengsheng Fruits was worth at least two or three billion yuan, but after cashing out this money, Zhang Tao actually invested it all in cryptocurrency online.

The person who created this currency was one of the mistress's senior classmates from her early years.

They have a very strong background; otherwise, they wouldn't have been able to attract billions of dollars in such a short period of time.

According to him, the annual return on investment in this type of virtual currency is at least between 15% and 20%.

That means if you invest 300 million, you can earn a fixed income of 40 to 60 million a year without doing anything.

This is a very considerable income for Zhang Tao.

He considered it for a long time before deciding to invest.

As for that private loan, the interest rate is 8% per annum, and it will be repaid in three years.

If he can't pay it off in three years, then the shares will no longer belong to him personally.

This is why Tengsheng Fruit is considered high-quality in the entire industry.

Otherwise, it would have been impossible to obtain a private loan of 300 million.

Chen Pingsheng didn't learn about this until April 8th.

Two other senior executives from Tengsheng Fruits called to tell him that, according to them, Zhang Tao not only invested himself but also wanted to involve them.

As for pledging the shares, that was also Zhang Tao's idea.

Damn it... this really angered Chen Ping.

A company president mortgaged his company shares and then used the money to invest in virtual currencies online!
This doesn't look normal at all.

If this happened at a listed company, he was certain that if even a tiny bit of the news leaked out...

The stock price would crash overnight, and there would be no way to stop it.

This is a blatant betrayal for all shareholders of the company.

If any company president dares to do such a thing, it means that he no longer trusts himself to run the company well.

Tengsheng Fruits has been managed by him since he came to Shanghai, and it has been doing quite well until recently when its finances have suffered a serious decline.

He didn't ask much because he had so many businesses.

Unexpectedly, the root of all this was Zhang Tao, who said he wouldn't follow Gao Hu's old path.

Judging from the situation, it's not much better than his.

(End of this chapter)