The Birth of Shanghai's First Conglomerate

Shanghai in February is still a bit cold.

Song Yanxi is extremely busy right now. In fact, over the years, many of her former colleagues have come to visit her.

She would help anyone she had a good relationship with before.

As her husband predicted, many large companies have started to optimize and lay off employees. Those that can still maintain basic employee benefits at this stage are already considered very good companies.

Many leaders in Shanghai have come to see Chen Pingsheng and have also met with her.

In the past, the authorities would have prevented them from entering certain low-end industries.

In other words, there are limitations.

Things are different now; the higher-ups are actually taking the initiative to invite them to talk about the current development of private enterprises.

I'm just saying this to give them a few words of advice, to expand development and stabilize employment.

The most important thing right now is to stabilize employment.

This is not just something to talk about; it is an inevitable choice under the prevailing trend.

Especially for companies like theirs, it's remarkable that they were able to survive in such a difficult or sluggish economic climate.

Companies that fully guarantee employee benefits are truly conscientious and deserve strong support from local governments.

If unemployment is too high, many things become unstable.

This can easily lead to a volatile and unstable situation.

To put it bluntly, once people lose their jobs, they tend to have more thoughts and complain more about society.

In such situations, some extreme cases are bound to occur.

Stabilizing employment is absolutely the top priority right now.

Without this major trend, given the current online environment, especially with all those random internet celebrities in short videos...

The unhealthy values ​​that guide most young people, including elementary school students, to become internet celebrities when they grow up must be cut off in half.

It can be said that short videos provide the largest pool of flexible employment opportunities in society today.

Without this contribution, the higher-ups would have already started cutting down the leaders.

Regardless of the stage of business operation in the country, it is often necessary to follow the general trend.

After returning to Shanghai, Chen Pingsheng attended two important meetings.

One was a high-level conference on Shanghai's private economy, and the other was a financial conference specifically for these top entrepreneurs.

Many people like to keep praising the leader in every few sentences at these meetings.

Another point is to make suggestions specifically for oneself.

It can be said that those who sit in their positions are already of a very high social class.

Perhaps there are many others like him, who were once ordinary people, just one of the masses.

But once they came online, they started maintaining the current stage on their own.

Teacher Ma is definitely one of those who dares to speak his mind.

However, he seems to have been a bit too outspoken.

Chen Pingsheng's proposals are mostly aimed at ordinary people. In his view, any proposals that are far removed from the masses are nonsense.

Just like some people who, despite being owed wages, can still suggest staging a malicious wage-demanding scheme.

Surprisingly, several private business owners agreed with his idea.

This is absolutely shameless, without exception.

After attending these two major meetings, Chen Pingsheng had a better understanding of the situation.

Looking at all his current businesses, the influencer economy in the short video field is still the fastest growing.

It's no wonder that young people, including elementary school students, want to become internet celebrities when they grow up.

This thing became a hit overnight, and you can achieve financial freedom very quickly.

This is completely different from the slow accumulation of the past.

It perfectly caters to young people's desire to get rich overnight, and provides a fantasy space for those who have nothing to do.

What is the despair in this industry?

If you open the section on the educational background of online celebrities, you'll find that the majority of them graduated from junior high school.

High school graduation is considered a high level of education, and very few people graduate from university.

What message is this trying to convey? That studying is useless.

Chen Pingsheng still managed to convene the 2019 Group Summary Conference of Tengying Group in mid-February.

Because Kingsoft relocated its headquarters last year, most employees no longer need to travel from afar to attend the annual meeting.

This year's annual meeting had a staggering 50,000 attendees. Imagine you're standing on that stage, saying nothing, looking at the eager eyes and adoring gazes of those 50,000 people below.

They can easily lose themselves in self-inflation.

Chen Pingsheng also spent a lot of effort to overcome this.

Each year's annual meeting has a theme, which is the group's core strategy for the year.

This year, however, the strategic goal that Tengying Group has revealed is not simply to survive.

Instead, it's about stabilizing employment and welfare.

Chen Pingsheng also publicly promised that no matter how the external market changes, the group will not lay off employees, optimize operations, or reduce employee benefits within three years.

These twelve words alone were met with thunderous applause.

This means that the group's goal for the next three years will not be to increase revenue and reduce expenditure, nor can it be to stabilize revenue by laying off employees or lowering employee welfare standards.

No company in the Tencent Group can achieve stable growth by cutting back on human resources.

This will continue for at least the next three years. The current situation is that everyone is struggling. If they can't hold on, a large number of these employees will be laid off and forced to find new jobs in the labor market.

The troubles ahead will undoubtedly be even greater.

The instructions from above are very clear: large enterprises all have the task of stabilizing employment.

This is just an internal goal for the group. In terms of overall direction, the core of Tengying Group's future development is to focus on the big health industry.

And further development of technology companies.

Once Tengfei New Energy can be sustained until it becomes profitable, that will undoubtedly be the time when Tengying Group truly sheds its shackles and takes off completely.

Chen Pingsheng had long anticipated that day.

This annual meeting reassured many people.

Many employees are most afraid of being laid off during this period. If you are laid off now, it will be harder than climbing to heaven to find a good job.

Chen Pingsheng has done his part in fulfilling his responsibility.

To encourage work in 2020, he still set aside 3 billion yuan as annual bonuses.

If we're talking about the most unexpected stock purchase he made last year, it would probably be Future Motors.

When I went in, it had already fallen below the floor, and was only $1.6 a share.

In just a few months, it skyrocketed to $26.

The price increase has reached almost twenty times, which is simply unbelievable.

He didn't buy much; he only acquired 200 million during the downturn.

After one quarter, it rose to around 3.5 billion.

The large-scale sell-off had a significant impact, as he handled all the buying and selling through his own professional trading company.

It's impossible to dump so much money from one account. The purpose of cashing out before the annual meeting is to use the money to incentivize the group's middle management and outstanding employees.

A few billion dollars can make countless people happy for a long time.

He has indeed made a lot of money from stock trading over the past few years, but Chen Pingsheng doesn't think it's because he's much smarter than others.

It's simply because his sources of information are too extensive.

Ordinary people have no access to his information sources, let alone the opportunity to learn from him and trade stocks.

For this reason, Chen Pingsheng never talked about his stock trading experience in front of his family or relatives.

There aren't many tricks to this; it's just about knowing things that others don't.

So you made money.

That's just how he is. Everyone knows he made a lot of money in the stock market, but he never talks about his experience.

That's because just maintaining the Tencent Global Economic and Industrial Research Institute requires at least 3 billion yuan in funding every year.

There aren't many people here, but they are all incredibly talented.

He employs top economic experts all over the world, including all sorts of people.

These people are the foundation upon which he makes money in the stock market.

You can see he always rides the wave of opportunity; it's not something he can do alone.

He is not optimistic about the future, but he is optimistic about the new energy industry.

So he took billions and went on a buying spree, acquiring almost every listed company in the new energy sector.

As a result, apart from a few companies experiencing financial crises, everything else went up.

(End of this chapter)