The Birth of Shanghai's First Conglomerate

Chen Pingsheng was angry for a reason, ever since his younger sister married Hu Lin.

Hu Lin's relatives from his hometown take away at least several million yuan from his younger sister every year under various pretexts.

Money was a small matter to him, but favors were something that could be used up as quickly as they were used up.

This is much more important than money.

The key issue is that the Hu family simply doesn't have the potential to nurture him.

Chen Pingsheng called his eldest sister, whose two daughters were both doing very well in school.

Xiao Ya will be a junior in the fall, while Xiao Le will be a freshman in September.

Whenever he had a holiday, he would call his two eldest nieces over to his home and give them some instructions.

The eldest sister is a very down-to-earth person, and Chen Pingsheng never expected that she would raise two such outstanding daughters.

Chen Yao still drives the Rolls-Royce Cullinan that he gave her; she hasn't changed it.

This car has no downsides except for its high fuel consumption; a single press of the accelerator and several dollars are gone.

By the time they arrived, Chen Pingsheng had quickly recovered from the humiliation he had suffered at his younger sister's place.

He also took the initiative to ask, "Xiao Ya, are you getting used to living in Shenzhen?"

"That's great, Uncle. I've been working really hard to prepare for the civil service exam, and I'm quite confident in myself."

Xiao Ya is quite sunny and has a quiet appearance. She looks very refined with her glasses on.

Chen Pingsheng nodded. "Your path of taking the civil service exam is what your uncle arranged for you. After you finish the exam, I will arrange for you to be transferred back to Jinshan. At your age, you can actually start dating, but you know that the only people you can find in the future are introduced to you by your uncle. As compensation, you can take tens of millions to buy two cars that you like, and also buy yourself a couple of gifts. After becoming a civil servant, you have to keep a low profile in everything."

Xiao Ya nodded. Everything her family had was given to them by her uncle. Moreover, in this day and age, most people are desperate to get into the civil service.

She has her uncle's arrangements, so it would be very unreasonable for her to complain.

“Yanxi, from now on, transfer 30 million to her card every year.”

Tens of millions is just a small amount of money, but it can make Xiao Ya adapt to the temptation of money very quickly.

The biggest fear when you go there to work hard is that you can't resist the temptation of material things.

Otherwise, it's easy to fall down if you go up there, especially now that the checks are so strict.

Once Xiao Ya goes in, she definitely won't have to worry about money.

Salary is meaningless to her, because she receives tens of millions from the family trust every year.

Song Yanxi handed her a card with 50 million yuan in it, which she could spend however she wanted.

For families like theirs, it's necessary to push forward a few more people while they still have the ability.

One generation after another, layer upon layer.

Chen Pingsheng actually has someone in mind as Xiao Ya's future marriage partner, but they are not yet qualified.

If he waits a few more years, and once Xiao Ya is imprisoned and Tengying Group further expands its influence, he will be able to negotiate marriage alliances with others.

Sigh... Sometimes it's quite helpless. When you're broke, all you want is to have money.

After becoming rich, I realized that having money alone is far from enough.

It also needs to have a very good social influence, and after having a social influence, it also needs to have a positive political influence.

The struggle has no end.

Xiao Ya has lived a life of luxury all these years, and she never lacks money no matter where she goes.

Fortunately, she knows how to keep a low profile and doesn't go around introducing her background to people.

After arranging things for her, Chen Pingsheng gave Xiao Le a few more instructions.

He was very strict about this kind of thing, and Xiao Le was absolutely not allowed to date during her three years of university.

For families like theirs, there's no point in trying to marry into a wealthy family.

The future can only go in that direction.

In return, he would give Xiao Le 30 million yuan every year during his university years as his own living expenses.

After the two women left, the eldest sister, Chen Yao, asked Chen Pingsheng, "Pingsheng, didn't you rush things a little?"

"No hurries?"

Chen Pingsheng shook his head and said, "What you see now is just the glamorous surface of Tengying Group, but do you know how many people are watching us from behind the scenes?"
"As long as I'm still sitting in this position, I can still protect you from the wind and rain. But once I'm gone, tell me, how will our family protect these hundreds of billions of assets?"

Saying it's worth hundreds of billions in assets is still a very understated way of putting it.

Chen Pingsheng knew that his net worth was no less than 500 billion RMB.

What is this concept?
The richest person in China according to Forbes only has assets of over 3000 billion yuan.

This asset includes virtual shares; it is not simply net assets.

With even the slightest fluctuation in the stock market, their money fluctuates wildly. But Chen Pingsheng is different; he genuinely has that much money, and it's real, tangible money.

As long as he is here, this family can still be preserved. But if he is gone, who can preserve it?
A person who does not plan for the future will surely have trouble in the present.

The eldest sister isn't ignorant of these things; she just doesn't need to consider them.

Sometimes loneliness comes from this: the entire Chen family depends on him alone, and he has to consider everything.

After her older sister and the others left, Song Yanxi poured him a cup of tea and gently asked:

How long do you plan to take to get this done?

"Thirty years, I guess."

Chen Pingsheng said, "This is much harder than making money. To put it bluntly, Xiao Ya and Xiao Le's greatest value in the future is mainly their marriage alliance and binding family resources."

“In the past, I had many concerns. Because Tengnong Breeding involved the most fundamental people’s issues, we never dared to publicize it. But now it’s different. As the economy declines, both the propaganda department and other bigwigs hope that companies like ours will stand up and act as a benchmark.”

“I think it’s time.”

"You want to start promoting Tengnong Livestock?" Song Yanxi asked, somewhat surprised.

Chen Pingsheng said, "Let's wait a little longer. Once our Tengfei New Energy has truly established itself and is on track to become a world-class enterprise, then our family may be able to openly stand out as the benchmark."

The timing is still not right. In this day and age, thanks to short videos, entrepreneurs' information is quite public online.

Chen Pingsheng simply spends money every year to conceal the information; he doesn't want it to become public knowledge.

When the family decides to take that step, he himself will inevitably have to take two more steps forward.

All of this is paving the way for the three children to grow up.

Being a parent is really not easy.

After the May Day holiday.

Chen Pingsheng looked at the group's operating data and, as expected, the traditional sectors all declined.

It's still declining slowly, and it might stop when it reaches a certain level in two years.

Of course, traditional sectors are facing significantly increased pressure.

However, the growth rate of new energy vehicles is quite impressive, whether it's the family SUV P9 or the stylish coupe Tengfei U5 that young people prefer.

In terms of sales, it is far ahead of the competition, second only to Tesla.

The gap is no longer particularly large. At this rate, Tengfei New Energy may officially turn a profit before 2023.

In five years, the cumulative investment has reached 180 billion.

It's been so hard to finally see the light at the end of the tunnel.

Compared to the rise of Tengfei New Energy, the losses in the traditional sector seem insignificant.

They are investing heavily, especially in the health and wellness sector.

Within three years, a new generation of enterprises will inevitably emerge here.

Of course, there's also great news.

Nvidia's stock price has been rising and has now reached $400 billion.

He invested as much as 30 billion in this stock, and his shareholding reached 2.8%.

Based on this estimate, they already have tens of billions of US dollars.

But that's not the happiest part. The happiest people are Tesla. After its Gigafactory in China was completed, its stock price skyrocketed.

This year, it has repeatedly broken records, reaching an astonishing $5200 billion.

He owns about 5% of Tesla's shares.

Tesla's market capitalization increased by more than $350 billion in 2020, which exceeds the combined market capitalization of nine major automakers: Volkswagen, Toyota, Nissan, Hyundai, General Motors, Ford, Honda, Fiat Chrysler, and Peugeot.

Compared to this amount of money, the losses in traditional sectors are nothing.

His secretary, Tang Jing, had no idea that he had invested so much in Tesla and Nvidia.

They all made it into the top ten shareholders.

When Chen Pingsheng called Song Yanxi, he had decided to cash out a portion of his money.

However, how to cash out is a very delicate matter.

He couldn't decide whether to cash out Nvidia first or Tesla first.

We need to call a meeting with Song Yanxi and the people from the Economic Research Institute before we can make a further decision.

If this step isn't discussed and agreed upon beforehand, there could be significant losses later.

(End of this chapter)