The Birth of Shanghai's First Conglomerate

Mid April.

Following Chen Pingsheng's decision, all major enterprises were instructed to find their own ways to save themselves as soon as possible.

Bobo Milk Tea took the lead in deciding to sell all of its stores that had been incurring losses for three consecutive months.

If no one takes over, then close the store within a month.

It's not just Bobo Milk Tea that's closing stores; other stores and businesses are making the same choice.

Many resorted to amputation to survive.

For departing employees, the N+6 compensation plan generally provides 8 to 12 months' salary as compensation.

The main reason for this decision is that the group further predicted that this risk could last for 2 to 3 years.

This is worse than the worst-case scenario we had anticipated.

If those loss-making stores are not closed as soon as possible, it will be difficult to survive even with 200 billion yuan.

A choice we have no choice but to face.

Many employees left in tears, without complaining or grumbling.

After all, anyone who has worked in a bubble tea shop knows that there's no way they'd compensate you with half a year's salary after the shop closes down.

Tencent Group is already doing its best to make arrangements, though they may not be able to see many of the top-level details.

But when it came to Chen Pingsheng, it couldn't be clearer.

The assets traded within the wealthy group are all sold in large quantities, with very few available for purchase.

The owner who bought Wanda Hotels at a low price last year thought he had made a great deal, but this year he must be kicking himself.

And what about Sun Hongbing, who took over LeTV with over 10 billion yuan? What's his situation now?
He held a press conference while crying, but his situation is rather special and cannot be generalized.

They can be roughly categorized as unlucky; they had just taken over when the big shot behind Lao Jia fell from grace.

This shows just how brilliant Li's decision to sell off his mainland assets 15 years ago really was!

Even though housing prices continued to rise for several years afterward, they really didn't make a single penny.

Cash out early, enjoy the benefits early.

It's been incredibly difficult to get through this.

According to statistics from the group's human resources department, nearly 800 stores were closed in this batch of closures.

A total of 9,800 employees are required to receive compensation.

According to statistics from the finance department, a total of 1.3 billion yuan in employee severance pay will be required.

On average, each person can receive about 12.

Some people were quite happy, while others were quite depressed.

After all, the subsidies received are quite substantial. Although the amount seems large, it's shared by so many companies, so it won't cause any serious financial strain.

This is solely for the purpose of quickly completing the stop-loss step, in order to prolong the subsequent disease resistance risk.

As for Tencent Entertainment, Bai Xin directly established another live streaming company.

All the minor celebrities in the group, those below the third tier, were sent to do live-streaming e-commerce.

It's no use telling her now; if she doesn't do this, it won't just be a matter of making billions a year.

Instead, they'll lose hundreds of millions.

With a significant reduction in entertainment filming projects, the only ones that can truly withstand the risks are the big-budget productions that Zhao Liying and Liu Yifei have participated in.

In the film category, it's Wu Jing and Shen Teng.

Apart from these people, there is no guarantee of security.

Thanks to the impact of short videos, a whole series can be watched on a mobile phone in just a few minutes.

Moreover, the number of people going to the cinema has shrunk dramatically.

If she doesn't come out and promote products now, she'll definitely be the first to issue a self-criticism when it comes to the year-end financial statistics.

Outsiders simply cannot imagine how severe the impact of this outbreak has been on traditional industries.

They say small boats are easy to turn around, but big ships have to do everything they can to keep going.

Chen Pingsheng's Kingsoft headquarters, which cost 4 billion yuan to build, has also been completed, and the person in charge called him to inspect it.

He also brought his wife, Song Yanxi, along for the visit. Although he has spent a lot of money buying houses over the years, building a house with 4 billion yuan is a completely different story. Especially considering that the land here is not high, it's clear just how luxurious a house he can build with these billions of yuan.

The Jinshan Villas, nestled against the mountains and beside the water, has a total of twelve floors.

It was built around a small hill, with a lake in front and a hill behind.

Four of the floors use a semi-spiral design to create a large terrace.

There are four security posts along the way into the mountains, and outsiders cannot enter without permission from inside.

This is what a super villa looks like!
The first floor is nothing special, except for the reception hall with its stunning scenery.

Many trees have been transplanted into this area.

The second floor is different; it serves as a reception area where large-scale events can be held.

It has everything you could want, including a movie theater, a super karaoke room, restaurants, and a gym.

The third floor houses yoga studios, beauty salons, and medical rooms—for most illnesses except those requiring surgery.

The facilities and medical services on the third floor can meet all your needs.

It is equipped with top-notch Chinese and Western medical services.

The fourth floor is different; it boasts a super terrace pool and a luxury goods exhibition hall, including clothing.

Watches, bags, designer clothing, and more are all available here.

You don't even need to go to the mall; just take whatever you like from here.

The fifth floor houses a variety of restaurants, as well as a children's playground with various activities that kids enjoy.

Floors one through five offer a variety of entertainment options, including food, drinks, and leisure activities.

The sixth floor is the living space for the service staff. This building alone has no fewer than 150 service staff.

The living space for the homeowner is on the sixth floor and above, and no one except special service personnel is allowed to go up there.

Keep in mind that the single-story area of ​​this house is around two thousand square meters.

Upon hearing that the villa was completed, Chen Qi, the younger sister, drove off at breakneck speed.

Even though she was a fairly knowledgeable person, she was still completely shocked by the building in front of her.

A house built with 4 billion yuan, how can you not be surprised?

She didn't ask for much; she just wanted one unit on the seventh floor.

Such a large seven-story building is definitely not enough for their family of three to live on alone. Their parents, Peng Ying and Chen Jianjun, also live on this floor.

As for their family, they must live on the top floor, the twelfth floor.

If the twelve floors are in a modern style, then the garden on the top floor is in the authentic Suzhou style of Jiangnan.

Living up there, cultivating one's character and spirit would be incredibly joyful.

Building such a large Suzhou-style garden on that site would naturally be extremely costly.

However, it is indeed beautiful. If enough money was spent, there is no question of cutting corners. Besides, no one would dare to ask him to cut corners on this aspect.

All the building materials were from the designated top brands.

Even the faucets in any random bathroom cost no less than ten thousand.

Not to mention the other details inside the building, such as lighting and furniture.

Even a random sheet of toilet paper is the best.

The rooftop is where Chen Pingsheng truly lives; it's surrounded by mountains, flowers, birds, and trees.

He has truly brought the most beautiful Suzhou-style garden to his own apartment building.

Who wouldn't be surprised if they saw this house?

If nothing unexpected happens, he'll probably live in this house for several decades, so it has to be built to the best of its ability.

Although the economy is not doing well right now, it doesn't change the fact that he has a net worth of hundreds of billions.

In Jinshan, no one can compete with him in terms of money.

What's wrong with building a better house?
(End of this chapter)