The Birth of Shanghai's First Conglomerate

With 5 billion yuan in hand, Song Yanxi made a grand trip to the Shuiyunjian branch, Tongxinjia.

If you were to ask what the biggest trouble has been for Shuiyunjian over the years, it would be...
That is, there were too many employees, which made it difficult to arrange them. They even had to lower the number of new recruits the college could recruit.

Now, opening a new brand will perfectly solve this problem.

Tongxin Home and Shuiyunjian are positioned differently; Shuiyunjian is purely high-end.

It's the top-of-the-line kind.

Tongxinjia takes a mid-range approach, catering to both male and female customers, and focuses on traditional Chinese medicine, wellness, and physiotherapy.

This is something that Song Yanxi can easily afford.

With a wave of her hand, she can summon thousands of highly trained female health and wellness technicians.

As before, we will continue to work with employees by using a combination of headquarters shares and store profit-sharing shares.

The general plan is that Song Yanxi will be responsible for the full investment, and the store management, including outstanding employees, can hold 49% of the store's profit-sharing shares.

Employees are truly motivated when they can share in the profits.

Only when employees are well-paid can customers enjoy the best service and experience.

This will allow Tongxinjia to quickly establish a foothold in the market.

It can be said that she is only responsible for the overall planning and strategy at headquarters, while the tasks are carried out by key personnel under her.

She takes all the investment, while outstanding employees receive the dividends.

The staff are still being trained by Shuiyun Academy, so it can be said that she is truly blessed with unique advantages in this area.

No one in the industry can compare; they truly have money, manpower, and everything else they need.

Song Yanxi waved the banknotes quickly. No matter how many seniors she had in the industry, her goal was very clear: one year.

She is about to become the undisputed Queen Song of this industry.

To be honest, she really has the ability to do it.

After all, Shuiyunjian in the back is too powerful; she only needs to allocate resources from there.

Opening a very good traditional Chinese medicine physiotherapy center, even in a first-tier city, only costs two million yuan.

Two million for a store, is that even a reasonable amount of money?
It's really not a lot of money for Tencent Pictures.

For Shuiyunjian, whose annual net profit is around 5 billion, this is not much money either.

To accelerate growth, she directly transferred eight regional managers from Shuiyunjian to develop city stores in their respective areas.

Anyway, as long as you are a city regional manager, you can get city bonuses, which means the more stores you have, the more bonuses you will receive.

This was a huge relief for Shuiyunjian, which hadn't expanded in a long time.

The subordinates always hoped that their boss would continue to expand the business, because if she stopped, it would be a disaster.

The positions are already filled by early entrants, leaving little room for advancement for those below, which is not a good thing for any company.

What Song Yanxi needs to do now is to perfectly unleash the space and let the women below go wild.

Her job is simply to set the rules.

A large group of women who want to develop and make money will show her through their actions, "Give me a chance, and I'll give you the world."

That's right, that's the situation right now. Shuiyunjian transferred over a thousand outstanding employees overnight.

The goal is to take the top spot in the domestic TCM physiotherapy and wellness industry within a year.

Her business can be considered a targeted startup. Compared to her exaggerated speed, Chang Fu, who also targets traditional Chinese medicine therapy, is much smaller.

He can only come up with a billion yuan; he doesn't have the human resources.

Of course, everyone understands the principle that money brings resources.

But it's hard to find ordinary yet outstanding employees; he doesn't have a talent development base as large as Shuiyun Academy.

If he hadn't known that this industry would have such immense potential in the future, he really would have run away.

Compared to the resources Old Chen has, or rather... the resources his wife has, this is far inferior.

When Song Yanxi first entered the industry, the entire industry trembled.

He was like someone trying to make bubbles; he could only squeeze them out slowly, step by step.

It wasn't that he was slow, but that Song Yanxi ran too fast.

It happened so fast that the entire industry didn't even have time to react. In the blink of an eye, the industry suddenly felt like it had gained a behemoth.

This feeling is really suffocating.

Chang Fu thought to himself helplessly. He knew that the Chen family had accumulated too much experience in this field.

They started their health and wellness business in 2013, and they have a company called Shuiyunjian with an annual net profit of 5 billion yuan supporting them.

There's also Shuiyun Academy, with an investment of over 3 billion yuan and the ability to easily enroll tens of thousands of students every year.

Such resources would make even capital weep. Even a multi-billionaire like him could only avoid the Tongxin family branched off from Shuiyunjian.

There's nothing we can do about it; we just have to avoid it.

They're not even in the same league; a head-on confrontation would be suicide.

In terms of money, especially given the current situation in Wuhan where this wave of the epidemic has no end in sight.

Who has more cash than Chen Pingsheng?
If he wanted to get a bank loan, his name alone would be worth 50 billion.

Many banks are practically begging him to borrow some money from his family.

It's only 50 billion. Old Chen doesn't need any collateral. He can just write his name on it and borrow it.

This is naturally due to the level of trust he has built up over the years.

Another crucial point is that he has too many unsecured hard assets.

The Kingsoft headquarters alone cost hundreds of billions of yuan to build, without any loans.

If he were to use his commercial assets as collateral for loans, 50 billion would be nothing to him.

When it comes to training, Shuiyun Academy claims to be second to none in the industry.

They have money and manpower; they lack no resources whatsoever.

It perfectly covers the entire industry.

It would be a lie to say you don't feel despair if you encountered someone like that in the same industry.

The worst part is that this colleague is his own brother's wife, which makes it even more outrageous.

Since Tongxinjia is positioned in the mid-to-high-end market, Changfu either has to choose the low-end market or he can only do the pure high-end market.

Why do you think she didn't go into the purely high-end market?
That's because people know that consumption will decrease, and the number of wealthy people will decrease accordingly.

This also affects Shuiyunjian's business; only mid-to-high-end products can enter these households.

You think they're not smart? They've done thorough market research before they even started.

Every step has been carefully planned by countless brilliant minds; he is not the kind of impulsive boss who makes decisions on a whim.

By the time they've reached this point, they've already built a top-tier network.

This network contains all the resources that outsiders cannot see, including retired senior officials, a series of well-known economists with real expertise in China, and a huge and sophisticated market research department.

They not only analyze the global economy, but their control over the overall domestic economic trend is also beyond imagination.

Old Chen is so smart; it wasn't just his own effort.

He has many top minds behind him, helping him with analysis and decision-making.

Didn't you see how his wife has managed to perfectly time every step of her second entrepreneurial venture, catching the right trend?

When combined with their own strengths, they can unleash a game-winning move.

It directly overturned all its competitors.

Sigh... It's truly disheartening to encounter a colleague like this.

Chang Fu also recalled the early days when he worked with Xin Teng on live streaming, and he knew very well how capable Xin Teng was.

Doing a decent job is easy, but becoming number one in the industry is extremely difficult.

The reason it came to that point was because Lao Chen had poured countless resources into him.

That took up half of Tencent Entertainment's resources, and also mobilized all the art students from Tencent Academy.

That's why Changfu enjoys such a prestigious position today.

Now that he has left Lao Chen to start his own business, he realizes how difficult it has been.

Even if he had a billion in cash, it wouldn't be enough for Song Yanxi to step on him.

If he were still with Tengying Group, he might be the one in charge, but now that he's left, he'll inevitably face suppression from all of Tengying Group's resources.

He's not the only one like this; the entire industry is like this.

This is what Chen Pingsheng often said: Tengying Group's resources are already unimaginable, and it is no longer appropriate to easily step into the entrepreneurial fields of young couples or ordinary people.

The health and wellness industry clearly doesn't belong to this category; without capital support and years of accumulated experience, you can't succeed in this sector.

It's simply impossible to get it started, and even if it were, it wouldn't amount to anything.

This is a highly specialized field, and starting a business in traditional Chinese medicine is not something that ordinary people can do.

With big capital rushing into this field, their company is just at the forefront.

No one will say anything.

(End of this chapter)