The Birth of Shanghai's First Conglomerate

The economy is sluggish, and investment has decreased in various regions.

This is the clear economic situation since 2020.

But all of this seems to have nothing to do with Tengying Group. In May alone, he announced two super-large projects worth tens of billions of yuan.

It's a massive technology project worth over 20 billion yuan, and the happiest person in the whole affair is undoubtedly Kingsoft.

Chen Pingsheng's plan is still very clear. He will invest in all the projects he is supposed to invest in this year.

There will be no major projects in the next two years, and there will be no reduction of Tesla shares held before the end of the year.

The remaining percentage is only 1%.

It is expected that the funds will not be cashed out until 21, in order to fully complete the funding required for Tengfei New Energy in 21 years.

Based on Tesla's current market value, it should be able to cash out around $21 billion to $60 billion by 70.

With this money, Tengfei New Energy will still live a prosperous life next year.

Since the beginning of this year, he has significantly increased his investment in the technology sector, allocating a total of 70 billion yuan to the technology field from the start of the year to now.

In terms of financial investment alone, they are far ahead, and the result will most likely be a runaway success.

I'm really looking forward to this.

As for his Nvidia shares, he won't cash them out for at least two or three years.

Because artificial intelligence is far from reaching its peak; it is only in its initial stage.

Selling at this time would undoubtedly minimize income.

Whether Nvidia can make a good living in the next few years depends entirely on its stock price increase.

With a current market capitalization of around US$5100 billion, he holds a 5% stake.

Its market value is around 250 billion US dollars.

Even if it doesn't rise, this capital can still push its technology sector forward significantly.

At the very least, it should be no problem for Tengfei New Energy to turn a profit and complete its IPO.

As for the artificial intelligence sector, that's hard to say.

AI-powered intelligent driving, which has been under development for five years, is definitely not a problem.

In June, Chen Pingsheng met with District Chief JS in a pavilion in Jinshan.

Thanks to Tencent Group's substantial investment in Kingsoft over the past two years, especially its investment of tens of billions of yuan to build a national-level artificial intelligence science and technology industrial park despite the challenging economic climate.

The former head of the JS district, who hadn't been promoted for many years, has been given a promotion.

His leap to become the deputy mayor of Shanghai was a significant one, and it was crucial for him.

Before the promotion, he asked Chen Pingsheng out for a long talk.

No one knows what they talked about, but Chen Pingsheng always kept Xiao Ya by his side.

The meaning is self-evident.

The position of deputy mayor of Shanghai is certainly very high; it's just unknown which specific area he will be in charge of after his promotion.

Transportation, finance, education, taxation, development and reform commission, health, or perhaps urban construction and science and technology new area?

The work involved is extremely tedious and complex.

The specific areas he will be responsible for will only be known after he officially takes office.

Chen Pingsheng certainly couldn't control all of that; he could only try his best to do his job well and, incidentally, cultivate good relationships with others.

I will help whenever needed in the future, depending on the specific circumstances.

After the two finished their conversation, he returned to Kingsoft headquarters.

In another two weeks, the entire Chen family will be able to move into their new home.

The Jinshan super villa, which has been under construction for several years, is finally ready for people to live in.

Chang Fu quickly came to find him again. He was living a carefree life, running a traditional Chinese medicine therapy business and enjoying a leisurely existence every day.

He's pretty much the type who's preparing for retirement. At most, he'll go to Gao Hu's place to check on how his influencer marketing is going.

"Hey Lao Chen, you're really willing to throw money at Nvidia, aren't you afraid it'll crash?"

Old Chen's own business is thriving, and his investments are also going very well. He's made at least $250 billion from Tesla stock alone.

What the hell does that mean?
They earned the equivalent of a Haidilao company out of nowhere, and even its market capitalization.

Haidilao, as the first listed company in China's catering industry, has a market value of 2000 billion RMB this year.

Old Chen has made $250 billion in cash from Tesla.

It's really too exaggerated.

Chang Fu also wanted to learn how to trade stocks from him. Originally, Yang Qian had told him to buy Nvidia shares with Old Chen's family as soon as possible.

But looking at the market value of $1500 billion, he stubbornly refused to buy it.

The main problem is that it's too high; at most, it can only rise to a little over 2000 billion US dollars.

Even if he goes in, how much can he earn?

But who would have thought that in just two years, it would skyrocket to over 500 billion US dollars.

Even with the price soaring, Mr. Chen still invested 280 billion yuan to increase his holdings in mid-May.

It's already at 5000 billion US dollars, how can it still go up?
Chang Fu expressed serious doubt.

He still has some money and has invested in many listed companies in China.

I made a little money, with an increase of about 15% last year, which is pretty good.

But people are afraid of comparisons. Compared to Lao Chen's investment in Tesla, this is nothing.

"There's no such thing as a sure thing when it comes to investing; it's just that long-term investing requires looking at trends and opportunities."

Chen Pingsheng said: "Back in 16, I knew that new energy was the trend. I continued to increase my holdings in Tesla for four years. And it wasn't just Tesla; I also invested in other new energy companies in China, such as BYD. Facts have proved that the new energy sector is indeed promising, with overall growth."

"Last month I attended two global economic conferences overseas, and the topic mentioned most at the conferences was artificial intelligence. There is no doubt that the future will be the era of artificial intelligence."

"You might think Nvidia is incredibly valuable right now, but you need to understand that it's the most promising company in the field of artificial intelligence. Do you know what that means?"

Chang Fu said with a wry smile, "My wife has been urging me to invest with you, and you've also said long ago that the new energy sector is about to take off, but I'm just holding onto that money and don't dare to throw it in."

"Don't feel sorry for it. Until you finally cash out, nobody knows what the future holds."

Chen Pingsheng said, "However, I did make a lot of money from Tesla."

He actually made over 20 billion US dollars on this stock.

Nvidia has invested over 60 billion in total.

Until you successfully cash out, who knows how much you can earn?
Changfu was just envious, jealous, and heartbroken because he saw how much money he was making.

His wife, Michelle Song, had long ago said that everyone should invest their money in the new energy sector, and quite a few of his relatives followed suit and bought Teslas.

Making money is a given; it's just a matter of how much.

Investing in stocks is still very risky. The reason he can make money is because many people help him analyze the market.

Chang Fu earns less because he likes to listen to insider information.

I hear this insider information today, so I rush to buy some; I hear that insider information tomorrow, so I rush to buy some more.

In the end, it was just so-so, far less effective than long-term holding like his.

Once he's identified a promising stock, he usually holds it for four or five years.

Very few people sell in the short term; some occasionally try to buy at the bottom.

Just like last year, when Future's stock price plummeted, he bought several hundred million worth of shares.

Then it rose more than thirty times within a year, and he sold it when it was twenty times higher.

The main reason is that I feel that the future boss is not very reliable.

Chang Fu also made a lot of money by following him on this stock, which is why he made a lot of money in the stock market last year.

Otherwise, with his so-called insider information, how could he possibly make any money?

He can even hear inside information while washing his feet; he's unbelievable.

There's way too much inside information here.

(End of this chapter)