The Birth of Shanghai's First Conglomerate

The family spent four or five days at sea before going ashore.

Now she can finally enjoy the benefits of summer; she'll eat back all the weight she lost.

In her own words, "I gained weight through my own efforts, so why should I lose weight?"
Hmm... she's so logical about being fat, there's no one else like her.

As for Chen An'an, she has now returned to a normal weight, neither too fat nor too thin, just right.

Chen Pingsheng took them to Hong Kong for a few days, but there really wasn't much to buy.

We have everything at home, but if there's one thing we're missing, it's probably the tools to fly to the heavens.

On the way back, we took a private plane and arrived in Shanghai very quickly.

Chen Pingsheng received a call from Chang Fu as soon as he landed, and he sounded quite happy.

"Old Chen, look! Gao Hu's Friends is a hit!"

Chen Pingsheng doesn't pay much attention to the information about internet celebrities on short videos, nor does he have the time to watch them often.

When he opened Douyin, Gao Hu's newly opened Old Friends restaurant was indeed a hit.

It was still incredibly popular. After Gao Hu received 20 million from him, he went back to his old profession as a chef.

Having gone through so much, if we could truly wash away the bad things from the past, there's a chance we could stand up again.

With Changfu investing another 100 million yuan in him, as long as he is truly dedicated, it won't be too difficult for him to become famous.

What I fear most is that things will be the same as before, in which case no one can help.

Chen Pingsheng put his phone back in his pocket, and Song Yanxi, still wearing sunglasses, asked him, "What did Changfu say to you?"

"Nothing much, just that Gao Hu's new restaurant is a hit."

"Oh..." Song Yanxi wasn't too surprised. To them, even if you became incredibly famous, that was about it.

Because they already possess the social resources to make anyone famous if they want them to.

Song Yanxi then asked him, "Do you think Gao Hu will try to get back together with Xiao Chundan? I think Xiao Chundan is a good person, but it's a pity he doesn't know how to cherish her."

Chen Pingsheng shook his head: "I don't know, most likely not. Even if he does get up, he might be back to normal."

Although Xiao Chun is currently working an ordinary job, she does own a car, a house, and has some savings in Guangzhou.

You can live a good life without relying on a man.

Chen Pingsheng and Song Yanxi went home together. Their relationship has always been the most stable among all these people, and it has never changed.

Chang Fu is really out of control now, running around everywhere, both in the sky and on the ground.

Yang Qian was also often with him, living a carefree life.

Chen Pingsheng had a lot of things to deal with after returning. He discovered that after he posted the building for sale information, not only did no one ask him about it, but many other companies were also posting their assets for sale.

They even offered a 20% discount.

The economic situation is likely to become increasingly difficult.

No one can say for sure what will happen next. Chen Pingsheng even discussed with Song Yanxi whether they should cash out the Hong Kong Building at an 80% discount.

He's really starting to have this idea; if it's any later, he probably won't be able to sell it even at a 30% discount.

The most common thing that the wealthy do these days is sell off assets.

The Wang family is even selling off their five-star hotel at half price. Such a cheap and high-quality asset is definitely a good deal now. But if we wait a few more years, we don’t know whether it will be a rip-off or a profit.

Although his family wasn't in a hurry, keeping these depreciating assets in their hands was pointless.

With the completion of Kingsoft's headquarters, many of the headquarters buildings purchased in the past are no longer needed.

If renting is difficult, then selling is the only option.

Song Yanxi also agreed to the 20% discount. There was no other way; with everyone else having sales, their store could only do the same.

The situation is getting worse and worse. Fortunately, the Hong Kong tycoon who had asked him earlier is still interested in his Hong Kong headquarters.

These buildings are becoming increasingly rare, with each one sold out.

He bought it several years ago, and now that he's sold it, not only did he not make a single penny, but he also lost a billion. Unbelievable!

Not only is he selling off his Hong Kong headquarters building, but Belt Guy is also quietly saying he's preparing to find a buyer for the Hong Kong Hengda Centre headquarters building.

The plan was to sell it for 156 billion, but in reality, no one made a bid.

It is estimated that the company will lose at least two to three billion.

Even such high-quality commercial real estate couldn't protect its cost basis, especially considering it was purchased six years ago.

He seems to be able to accept this small loss of HK$1 billion.

To be honest, this is already the lowest loss he's ever made.

Although housing prices are still rising, everyone in the wealthy circle knows what's going on.

Haven't you seen how actively everyone is selling off assets to boost cash flow?
A transaction price of tens of billions is nothing to Hong Kong's top businessmen; they can provide the full amount without even needing bank loans.

This is different from the "Belt Guy" who bought the Hong Kong headquarters building in installments over six years.

After receiving the money, Chen Pingsheng began discussing with Song Yanxi how to use it.

His plan was to allocate 5 billion yuan to Tengfei New Energy to cover the funds needed by Tengfei New Energy in the first quarter of 2020.

With the remaining 5 billion, Song Yanxi simply suggested buying Nvidia.

If this thing inexplicably does really rise to a trillion US dollars, then not only will they not have lost money selling this building, but they will have made a huge profit.

Chen Pingsheng thought about it and agreed. Chip technology has been the hottest research project in recent years, not to mention that they have really brought chips and artificial intelligence to the forefront of the world.

Who knows, it might actually reach a market capitalization of one trillion US dollars one day.

Nvidia's current market value is US$150 billion, and even if you invest HK$5 billion, there's absolutely no reaction.

Not even a tiny ripple could be seen.

Even with another HK$5 billion investment, their total shareholding in Nvidia would only be 1.4%.

It seems pitifully small now, but if it were to suddenly surge to a trillion US dollars, it wouldn't be pitiful at all.

The times can change in an instant. What he once considered the most stable business asset has now become the most unstable one.

Anyone who purchases a property outright after 15 years will find it difficult to even break even in the near future.

Looking back now, it seems that Old Li from Hong Kong was quite astute; he sold off over a hundred billion dollars and left 15 years ago.

Those who don't sell are all collecting rent, and their annual rental income from the mainland alone is probably no less than 10 billion yuan.

He waited until this year to sell, which was undoubtedly a bit late, mainly because there were no buyers left.

Many people even have designs on him, hoping he can step in and become a sucker.

Chen Pingsheng found it hard to refuse some people, so he simply said, "Didn't you see I'm also selling?"

Dele, no one can figure out his background.

All I know is that he sold his Hong Kong headquarters building at an 80% discount. Those who want to borrow money from him now, or even want to buy his assets, are now in the process of doing so.

Everyone has to take a break; the overall environment is deteriorating, and everyone's situation isn't much better.

Only a very small percentage can still grow upwards.

Of course, his global economic research center also provided an extremely shocking set of data.

The gist is that if current housing prices drop by more than 30%, it means...

The top ten real estate developers in the country are all facing a bolt from the blue, and some are even on the verge of bankruptcy.

State-owned enterprises will definitely fare better, but private enterprises will face difficulties.

If the price drop exceeds 30%, even belts will be in trouble.

(End of this chapter)