The Birth of Shanghai's First Conglomerate

Chang Fu used to understand Chen Pingsheng very well, and even supported him without any ideals.

But this time, he couldn't quite understand it.

Firstly, whether it's producing TV dramas or movies, the domestic market alone is hardly enough to support Tencent Entertainment's market value of over 150 billion yuan.

Since he joined Tencent Entertainment, he has quickly stopped the decline, raised the stock price, and to some extent directly changed the downward trend of Tencent Entertainment.

It can be said that his ability to achieve this is entirely in line with the expectations of the capital market.

Unexpectedly, he would negate all his work at Tencent Entertainment because of a public opinion poll.

Chang Fu couldn't understand what happened after he joined Tengying Entertainment, and even more unacceptable things happened.

Before he even arrived, Bai Xin had already spread the news of disbanding the celebrity live streaming platform.

This could be considered as bypassing him, the president. Bai Xin didn't intentionally want to do this; she had simply received a notification to start preparing for a public press conference.

Chang Fu didn't say anything. To Tengying Entertainment, he was just the president who had been transferred here for less than two years.

The president may change, but the big boss will never change.

When Chang Fu realized this, he still made a phone call to Yang Qian.

The gist of it is that he wants to start his own business now, since he has already accumulated enough money.

Even if Changfu told Lao Chen about this idea, he believed Lao Chen wouldn't object.

After all, once Tencent Entertainment's live streams were shut down, his contribution to the company was essentially zero.

Since that's the case, it's better to bring it up yourself.

Yang Qian didn't object immediately, but instead asked him what he planned to do.
Chang Fu said he would never do live streaming, and he wouldn't even compete with Lao Chen.

As for what exactly he was going to do, he hadn't figured it out yet.

Yang Qian remained silent for a long time, neither agreeing nor disagreeing, until Chang Fu returned home.

She also specially prepared a cozy everyday dinner; the couple rarely cooks for themselves anymore.

They are usually taken care of by a nanny.

Yang Qian wanted to hear from him the real reason why he wanted to leave Tengying Group, but Chang Fu said it wasn't complicated.

“Since I shut down my live stream in Hangzhou and rushed to Beijing to join Lao Chen, it’s been at least six years. I’ve been able to develop to where I am today entirely thanks to Lao Chen. But you know, no man wants to live entirely in someone else’s shadow after he’s succeeded. I’m telling you this today, and I’ll tell Lao Chen tomorrow. I believe he’ll understand.”

Over the years, Chang Fu has indeed lived entirely in Chen Pingsheng's shadow, as has Gao Hu in the past.

There's nothing wrong with that, of course. It's just that when a man achieves success and financial freedom, he'll always want to go even further.

That's how desires are; once they're unleashed, they can never be contained.

Chen Pingsheng encountered this problem, and Chang Fu encountered the same problem.

In the past two years, he has been cashing out from Xinteng Live and Tengyou Media.

They all have at least several billion in cash, so financial freedom is a certainty.

Yang Qian was not worried that he would become depressed after leaving Tengying Group.

She was just worried that her relationship with Chen Pingsheng would sour after she left.

Changfu repeatedly assured her that it wouldn't happen, and as it turned out, it really wouldn't.

Outsiders find it hard to understand what they are thinking after reaching this point, but Chen Pingsheng himself does.

Just as Chang Fu thought, he might have had further ambitions, while Chen Pingsheng himself did not.

He would even try to suppress his desires, because going any further would be dangerous. All he could do was to honestly manage the current Tengying Group well.

Until it was successfully handed over to Chen An'an and the others.

His future can only be in the technology industry.

Delving deeper into other industries, one encounters the same problems as Tencent Entertainment.

When you control too many social resources, constantly manipulating those resources downwards is like digging up the roots of ordinary people.

Only by moving upwards can we seek breakthroughs.

Even now, Chang Fu still doesn't understand why he shut down celebrity live streams, or why he rejected many of the company's lucrative offers.

Just imagine, he has half of the resources in the entertainment industry.

There's also a short video group and countless offline chain enterprises.

If he continues to develop in this direction, doing whatever makes money...

A single sentence from someone above could leave him speechless.

Do you want to be a chaebol?
Chen Pingsheng patted Chang Fu on the shoulder, "I'm glad you still have the ambition to go further. It's a pity that Tengying Group has already reached its peak. The remaining task is not to break through this ceiling, but to change tracks and find a higher sky."

He really wanted to say that he had indeed reached the peak in the traditional business segment.

The only way to reach greater heights is through the development of science and technology, new energy sources for the future, and artificial intelligence.

These are not things that can be made into Fortune 500 companies in a short period of time.

Even someone as capable as him wouldn't dare say he could definitely build a world-class, outstanding company without five, ten, or even twenty years.

Chang Fu smiled wryly and said, "Yesterday, my wife Yang Qian had a heart-to-heart talk with me all night. What I was most afraid of was that we would have a falling out because of this. If she heard what you said, she would probably be overjoyed."

"Your wife is still too sensitive."

Chen Pingsheng shook his head and said, "We are not brothers who share interests, so there is no question of us breaking up when we share profits. The current Tengying Group does indeed impose many restrictions on you. You have your own connections and funds, so it's time for you to go out and independently support your own future."

"such a pity."

Chang Fu sighed, “Whether it’s Zhang Tao or Gao Hu, all four of us brothers have seriously underestimated your current vision and foresight. Even I am the same. Although I may not understand many things, after working with you for a few years, I will find that you are the right one.”

Gao Hu, having reached a plateau, indulged his desires recklessly, leading to the breakdown of his marriage and family. Zhang Tao, feeling that selling fruit had little future, actually went and invested in unreliable financial platforms.

If they had spoken their minds honestly like I have, they would probably have left smoothly and received your blessings, just like I have.

I believe this time will be the same, even though I still can't understand why you would completely shut down Tencent Entertainment's live stream just because of some manipulated public opinion.

This is not just a matter of reducing the profits from celebrity live streaming; it will also result in the loss of tens of billions of yuan in market value for Tencent Entertainment.

It wouldn't be surprising if its market value even dropped below 100 billion.

The loss was caused by nothing more than a single opinion poll.

Chang Fu couldn't figure it out even after thinking about it all night.

"The day you can understand, you may not be as passionate as you are now."

Chen Pingsheng didn't bother to explain, and he didn't know if Chang Fu would ever see the ceiling.

By the time that day comes, he'll probably be retired and looking forward to old age.

This generation of post-80s has experienced the best era of reform and opening up, and will also experience the growing pains of the next economic transformation.

Everything is a process; only after going through it can we truly see mountains as mountains and water as water. (End of Chapter)