The Birth of Shanghai's First Conglomerate

Chen Pingsheng took Tang Jing to visit the apartment building.

He's been living in Jinshan for so long, but he still hasn't been to his apartment.

Aside from most long-term employees who are eligible to purchase a home, new employees with less than three years of service, including interns, still need to live in apartments first.

This has led to a shortage of apartment resources.

Most rooms are for two people, but there are also slightly larger rooms for four people.

There are about 15000 apartments in total, and if you squeeze in a little, there are still quite a few empty spaces.

When Tang Jing took him on a tour, there were very few people in the apartment complex because it was during working hours.

At most, some people will be on vacation.

Although the male and female apartments are separate, some employees who get together privately will apply to switch places.

Try to arrange them together.

The group headquarters doesn't handle this part, since university graduates are generally at an age where they can get married.

The management of the apartments is handled by the logistics department, and each apartment building is staffed with at least 5 to 8 cleaning ladies.

In addition to being responsible for daily hygiene, they are also responsible for some of the employees' daily life.

For example, washing and drying clothes.

The only thing prohibited inside the apartment is cooking, which is also to prevent fires.

From what I've seen, the accommodation is quite clean.

Tang Jing explained, "Boss, things are going well here. The employees are generally very satisfied. We don't need to indulge those companies that are too demanding. It's great that we have free apartments to live in while working in Shanghai."

"You're right about that, but we should try to be more humane and listen to the opinions of our employees."

Most of the employees they hire are still very hardworking after entering the workforce.

Only a small percentage of people have princess syndrome, but they don't actually have the life of a princess.

There are quite a few people like that.

Although Chen Pingsheng learned a lot about the unsatisfactory situations of interns, including new employees, from Tang Jing.

Some things can be changed, but others are beyond his control.

For example, if someone is transferred to a position or department they don't like, they need to adapt on their own.

It's impossible for everyone to stay in their preferred department or position.

When they visited Building Fifteen, an awkward situation arose.

An intern was running around with the door wide open, wearing only underwear and a White Rabbit T-shirt.

This is actually quite normal; many girls run around naked from their dormitories.

Chen Pingsheng was too lazy to check what was happening next.

Tang Jing then introduced him to the basic situation of some other departments. She personally believed that the group was doing very well overall, regardless of which department or branch it was.

Some minor issues exist, such as single bosses liking to invite pretty female subordinates to dinner.

If he's married, you can accuse him of abusing his power for personal gain; if he's single, he has plenty of reasons to argue.

And these kinds of people are usually very reliable when they make an appointment.

Moreover, many of them also form cliques and factions in private.

This situation used to be very common, but it gradually decreased after I was transferred to the position of president.

After returning to the president's office, Chen Pingsheng received a call from Song Shuiqing, who wanted to come and see him.

He thought about it and agreed.

Song Shuiqing arrived in a red Ferrari. After parking the car downstairs, she ran upstairs by herself.

Actually, this trip was still about the Tang family.

Her husband, Tang Li, and his parents are all in a real bind right now.

The Tang family approached Chen Pingsheng several times, but he refused them each time.

Song Shuiqing was quite nervous this time. Her brother-in-law had already helped her so much, and now she had to bite the bullet and beg him to help the Tang family.

She herself was embarrassed.

When Song Shuiqing arrived at the door, she didn't come in immediately. Instead, she straightened her clothes and patted her cheeks. Then she forced a smile that wasn't awkward.

"Brother-in-law."

"Shuiqing, you never come here unless you have a reason. You're not here to borrow money for the Tang family again, are you?"

"Nothing can be hidden from you."

Song Shuiqing said helplessly, "Tang Li's parents have come to me many times, hoping that I can borrow 1.7 or 1.8 billion from you. Don't they ever think about it? I'm just a married sister, not even a biological sister. Why should I borrow so much from you?"

Chen Pingsheng made himself a cup of tea and handed her another. "The situation that the Tang family is facing now is what most real estate developers will face, and it will even get worse in the next few years. If I give them 1.7 or 1.8 billion today, they might think next year that this is a good time to buy at the bottom. The reality is that the real estate industry is really in a downturn, and this is not a problem that can be solved with a few billion."

If the Tang family were willing, they could sell all the houses and land assets owned by the real estate company at a 30% or 40% discount.

Perhaps this is the best way to resolve the crisis.

It's a pity they're still clinging to illusions. If they sell at a 60% discount, the Tang family will have to give back all the money they've made over the past ten years.

It's important to know that since the public bidding system was established in 04, land prices have been rising year by year.

The profit margin left for real estate developers is actually decreasing year by year.

Real estate developers' actual profits exclude land costs, construction costs, and capital costs.

The gross profit margin is very low.

To increase gross profit, time is needed to add value.

In other words, it increases housing prices over time.

If time fails to raise housing prices, then most real estate developers will truly be facing an abyss.

Even though the Tang family is currently running away with a 60-70% discount, there's still a chance they can find a big buyer to take over their assets.

In two years, or even less than a year

When you can't find anyone to take over your shares even at a 60% discount, that's when things really get desperate.

Song Shuiqing also told the Tang family what he had said, but they were unwilling.

At a time like this, hoping for government policies to support and rescue the market is wishful thinking.

Seventeen or eighteen hundred million is nothing to him.

But he certainly won't pay that money.

After Song Shuiqing returned home, Tang's mother treated her with a cold face, knowing that she was so useless that she couldn't even borrow a little money back.

She would never have agreed to her son marrying her in the first place.

If a pheasant can turn into a phoenix, then it must have some value.

Since Song Shuiqing couldn't borrow money from Tengying Group, this daughter-in-law was worthless to her.

They don't even meet the standard of being a good match.

In fact, this is considered an insult to her Tang family.

Tang Li is not bad, but he is a real mama's boy.

Song Shuiqing listened to her mother in everything, and her life in the Tang family was not easy.

She even called her parents, who told her to bear with it and not to be so dramatic.

We finally found someone like the Tang family, so we can't just mess around with them.

It's not easy to marry into a wealthy family. If you don't have the right match and resources, they won't even look at you.

No matter what she does, it will be the same.

……

Chen Pingsheng also told Song Yanxi about her situation, and he could clearly see that Song Shuiqing was not doing well at the moment.

If the Tang family can't borrow money from him, they'll only put more pressure on Song Shuiqing.

Song Yanxi laughed when she heard that, but it was a laugh that didn't look very good on her face.

Who are these people?
So you give them attitude if we don't lend them money?
Hmph~ Her sister isn't someone to be trifled with either.

After hanging up the phone, Song Yanxi thought about causing trouble for the Tang family.

(End of this chapter)