The Birth of Shanghai's First Conglomerate

After the annual meeting.

Chen Pingsheng has many people around him, and although he cashed out 40 billion yuan near the end of last year.

The group has 20 billion yuan in reserve funds, and another 10 billion yuan will be used for the Dream Realization Fund.

The remaining billions have not been touched yet.

He did a quick calculation and realized that he wouldn't need the funds for the time being, so he simply invested them all in Nvidia stock.

He currently holds only 1.7% of Nvidia stock.

Nvidia, like a wild horse with no end in sight, has been galloping wildly all the way.

It has now risen to $3000 billion.

In other words, the 1.7% he holds is already worth five billion US dollars.

With another 10 billion yuan invested, the share price will rise to 2.1%.

It's only tens of billions, an increase of just 0.4%.

Aside from Nvidia, his most valuable stock is Tesla at 4%.

Tesla's stock price has also skyrocketed over the past two years, reaching $1600 billion.

This could potentially surpass Toyota and make it the world's most valuable listed automaker.

It's absurd to say that Toyota could surpass them, considering that Toyota is undoubtedly the world's number one seller.

There are Toyota cars wherever there are roads, and that's no joke.

Compared to these two stocks, Pinduoduo's 3% and Douyin Group's 3.5% (which is not yet listed) are not particularly attractive.

After discussing the matter with the Institute of Economic Research for a long time, Chen Pingsheng finally made a decision that he was unsure whether to make a right or wrong decision.

They cashed out all 3% of their Pinduoduo shares, whose market value had risen to hundreds of billions of US dollars, to increase their holdings in Tesla and Nvidia.

The main reason for making this decision was based on a certain prediction of the domestic e-commerce environment.

For example, Alibaba and Tencent are both at their peak, with Alibaba's market value reaching a staggering 700 billion US dollars this year.

The giant penguin is similar.

If Pinduoduo can reach half of this number in the future, that would be an incredible achievement.

It is impossible to surpass this number.

Nvidia and Tesla are different; even Chen Pingsheng himself, along with the Economic Research Institute, cannot provide accurate figures.

In other words, these two stocks seem to have no ceiling.

None of us can predict exactly how high it will rise, compared to limited income.

This kind of unlimited opportunity is obviously more attractive.

Based on this wave of Pinduoduo cash-out and conversion, Chen Pingsheng holds a total of 2.5% of Nvidia.

Tesla 5%.

Barring any unforeseen circumstances, these are the two most valuable stocks he owns.

If Nvidia were to experience a crazy surge to a market capitalization of one trillion US dollars, then his 2.5% would be incredibly valuable.

Of course, he invested tens of billions of dollars to buy these shares.

The same applies to Tesla.

It's not easy to sell my Douyin (TikTok) shares; they're a strategic holding.

As of now, he has not heard of any plans for Douyin to go public, and it may not go public for the next two or even three years.

Anyone who tries to cash out before an IPO will suffer huge losses; only an IPO can maximize the value of their shares.

Every year around this time, Chen Pingsheng rearranges his asset portfolio.

This year is certainly no exception.

He has basically sold off most of the shares that weren't very valuable.

When he was targeted by Muddy Waters short selling early on, he bought an extra 15% of Deer Antler Coffee.

Currently, Deer Antler Coffee has a global market value of US$130 billion, so his 15% stake could cash out US$19 billion.

His expectation for Deer Antler Coffee is around 30 billion US dollars.

Keep in mind that he poured all of Leicester City's football resources into this brand.

It's thanks to the aggressive advertising that it's where it is today.

The returns are quite substantial, proving once again that selling coffee is far more profitable than selling milk tea.

They're not even in the same league.

Bobo Milk Tea, which has already reached its peak in the domestic market, is only worth a little over 20 billion yuan, less than 30 billion yuan.

It's far less impressive than expanding overseas, like Deer Antler Coffee, which is listed on NASDAQ.

Chen Pingsheng didn't use the cashed-out funds for much, only using them to increase his stake in Nvidia by another billion US dollars.

They stopped when they held 2.8%.

Of the remaining nine hundred million US dollars, he allocated five hundred million to Big Paws as pocket money.

They also allocated another 300 million to Erpiya's three major companies.

Erpiya has started doing good deeds now, whether she was tricked by her older sister or genuinely wants to do something charitable. It's a good thing.

You should know that people at their stage all value doing charity to accumulate good karma for their families.

He didn't touch the remaining five billion or so.

Everything that needed to be built in Jinshan has been completed. Chen Pingsheng is certain that even if Tencent comes here to sue him, it's still no match for Tencent.

There's no such thing as a "Nanshan Invincible" (a reference to a popular Chinese sports website), only "Kingsoft Antivirus" (another similar website).

This is what is known as the advantage of regional investment; in this respect, no one can win against him on a legal level.

If so, it must be because the law is not yet perfect and needs to be improved urgently.

Of course, this approach is designed for high-level disputes between large corporations like theirs.

Consumers don't exist.

If this approach were applied to consumers, it would be truly heinous and immoral.

years later.

Countless employees' children attend Tengying Primary School, Tengying Middle School, and Tengying's own high school.

Don't be fooled by the fact that they haven't been in the education sector for many years; money talks.

Tengying School's own educational resources are absolutely comparable to any top-tier primary, junior high, or senior high school in a first-tier city.

Let's not even talk about universities; they're bottomless pits for investment.

It requires an extremely high level of expertise to do well. Even someone as strong as Chen Pingsheng couldn't just do it by working at a top university.

Elementary school, middle school, and even high school shouldn't be a big problem.

After all, these kinds of schools don't need to do their own research; they just have a strong faculty.

The more money you spend, the better the teacher you can hire.

This principle applies to all schools, from elementary to high school, which is the main reason why everyone wants to move to big cities.

Small places have limited money, so educational resources are naturally very limited.

For private schools run by top-tier private enterprises like theirs, the minimum educational requirement for teachers is a master's degree from one of the best universities in the country.

Annual salary of 300,000 plus various benefits, starting at 500,000.

This is how you demonstrate the usefulness of reading.

It also allows those top students to make the most of their years of learning.

College graduates who spend hundreds of thousands of yuan on their education may earn less than those who deliver food after graduation.

That's a joke, not only for the college students themselves, but also for their parents.

Who doesn't study for a better future?

You go and talk to him about dreams when he's broke and can't even afford basic necessities.

That's a typical scenario where someone goes to a mountain village and asks a child, "Why doesn't your family eat meat? Is it because meat doesn't taste good?"
This question is foolish and reveals a refined egoism.

Some well-known female entrepreneurs in China are actually promoting this kind of rhetoric. Don't they know that times have changed?
Actually, no, it's just that she's already rich and doesn't need to strive for this anymore.

Chen Pingsheng has never really liked this kind of person.

The group's operations continued as usual. Apart from the shutdown in Wushi, which required hundreds of millions of yuan to support the city's employees every month, other places were not significantly affected.

Currently, apart from Boiling Sheep, who is already breaking even, everyone else is either making a profit or a loss.

Other businesses are still making a profit.

With profits, everyone can continue to accelerate forward without panicking or skipping a beat.

This is also the main reason why Chen Pingsheng remained so calm.

Being debt-free truly feels like a weight off your shoulders; there's no such thing as not being able to sleep at night.

Once the big health and new energy sectors take off again, his Tengying Group will be just like Alibaba and Tencent.

To become the strongest private enterprise in China in the true sense, or a behemoth spanning countless industries.

Tongxin's family wasn't too worried, since his wife and the entire Shuiyunjian were losing money and resources.

No resources need to be changed at all.

The Dream Realization Fund just needs a little support, nothing more.

The Dream Fund has been operating for five years and has already accumulated a number of projects awaiting listing.

Once the IPO is completed, the Dream Fund will be able to extract huge profits from those projects.

These profits can also propel venture capital projects in the big health sector forward significantly.

In the early stages of his business, he needed the help of Tong Zhelan and Shen Nanpeng to complete the IPO.

Now he does everything independently.

Tencent Group no longer lacks any link in this industry chain.

This is also the main reason why he rarely contacts Tong Zhelan or Shen Nanpeng now.

(End of this chapter)