The Birth of Shanghai's First Conglomerate

The people in the group were still busy, and Zhang Wanyi even came all the way from Guangzhou to Shanghai.

Chen Pingsheng asked her what brought her here, and Zhang Wanyi said that they were preparing to go public after acquiring the former No. 9 Warehouse.

The valuation was set at 160 billion, and the IPO has already been successful.

Chen Pingsheng didn't bother with such trivial matters; he had already sold all of his shares in No. 9 Warehouse to Tencent Media long ago.

The reason for going public now is to recoup the money from the previous acquisitions all at once.

As it turns out, the best model under the circumstances is traditional methods combined with the influencer economy.

Nine Warehouse, which has deeply integrated with Tencent Media, has undoubtedly achieved great success.

It has reached the point of going public.

Besides reporting on this matter, Zhang Wanyi mainly talked about the current state of the short video market.

Tengyou Media has signed contracts with as many as 180,000 online celebrities.

Only a small percentage of people can become internet celebrities; the majority are still artists affiliated with guilds.

What do you mean?

It's just about turning on a beauty filter, setting up your phone, saying "thank you, bro" a couple of times, and then collecting gifts to make money.

Chen Pingsheng has always looked down on this kind of money-making model.

It feels like online begging, offering some so-called emotional value in exchange for gifts and tips from others.

To put it bluntly, there are just too many fools. A 50-year-old young woman with a level 10 beauty filter on would be called "Miss" by everyone.

Chen Pingsheng originally intended to abandon this part, but none of the shareholders agreed.

The main problem is that the profits are too high, and they don't have to do anything; the union just needs to take a cut.

Those who perform well can rise through the ranks.

Over time, their platform alone has at least 170,000 to 180,000 beauty-enhanced live streamers.

And the profits generated by these people are quite substantial.

Joining a large guild like theirs has many advantages.

Originally, a listing value of 800 billion was considered extremely high, but who knew that it would rise even more than Tencent Entertainment.

Tencent Entertainment has fallen to the edge of a market value of 100 billion yuan.

Tengyou's stock price rose to 1400 billion.

As the first listed company in the true influencer economy, Chen Pingsheng himself no longer pays much attention to the smaller businesses below.

For any small project worth a few hundred million or a billion, the president can make the decision on his own.

The percentage of stocks with decentralization is still very high.

In addition to reporting on the situation, Zhang Wanyi also had a major plan to share during her visit.

That is to empower traditional enterprises with Tengyou Media's resources and cash.

They established their own Tengyou Investment Fund, primarily to invest in major manufacturers that sell well.

Her idea was quite ambitious, and Chen Pingsheng naturally had no objection.

Tencent Media's annual profit of nearly 10 billion yuan is no joke.

With the listing of Ninebot, if they can continue to manage their investment funds well, the stock price could potentially reach 300 billion.

In comparison, the entertainment industry has truly declined.

If a movie can be watched in five minutes on a short video platform, who would want to spend two hours in a movie theater?

Add to that their artist commission model, and it's no exaggeration to say that many A-list celebrities don't earn as much as those super-popular internet celebrities.

Maintaining a market value of 100 billion yuan is no easy task for Tencent Entertainment.

Surprisingly, after all these years, the most promising listed company he managed turned out to be Tengyou Media, which he hadn't really managed much.

This incident shows that when the trend is right, even pigs can fly.

Go with the flow in your business, and you'll rise to great heights.

As for how many companies he owns now, he himself can't even count them.

Whether it's the Dream Fund or the soon-to-be-established Tengyou Investment Fund, including his funds on Wall Street.

They are all extending their reach into various industries.

Chen Pingsheng said, "Wanyi, you have really not disappointed me at all these past two years, and have even exceeded my expectations."

"Uncle Chen, I was trained by you, so I certainly won't let you down after I get out."

“Once Warehouse No. 9 goes public, I will propose to the board of directors that I give you a personal cash bonus of 100 million.”

One hundred million is the highest cash bonus ever awarded to a group president this year.

This is beyond the equity incentive. It's important to know that after Zhang Wanyi joined, besides her annual salary of over ten million yuan, she didn't receive much equity.

At that time, Tencent Media was at the height of its success after its IPO.

According to the president's contract she signed, Tencent Media's stock price could rise to 1600 billion.

She would then receive 1% of the total stock price.

If it accidentally grows to 300 billion, that would be amazing.

They can receive 1.5% equity incentive.

Her market value is roughly 45 billion. She can earn so much money by working. It's no exaggeration to call her the "Empress of Working Women".

Of course, we are only a little bit away from the first-stage goal.

If she gets that 1%, it's equivalent to her earning 16 billion.

Working to this extent means you've hit your ceiling.

This is also the main reason why she keeps trying to expand the business scope of Tengyou Media.

The success of a single garment warehouse can drive up a wave of market value; the same investment could do the same.

Then she really might get that maximum 1.5% equity incentive.

She's truly become a working empress, even more powerful than Bai Xin.

The entertainment industry that Bai Xin guarded was clearly less promising than the current short video industry.

Chen Pingsheng said he needed to discuss it with the board of directors, but in reality, it was just a matter of him saying a few words.

This can't be distributed as dividends or bonuses, because that would result in excessively high taxes.

They already have a top-notch finance team in this area. As long as the money goes through a process, the promised 100 million will actually be in hand.

Don't think it's shameless; big companies all do this.

Otherwise, if 100 million is spent, nearly half of it will be taxed, which no two companies can accept.

They call this legitimate financial tax avoidance, a normal practice within large corporations.

Tang Jing was incredibly envious. There was nothing she could do; her little secretary's foundation was still too shallow, far from the stage of becoming a mountain king.

Zhang Wanyi achieved financial freedom early on and is now moving up the social ladder.

She wouldn't leave immediately, so Bai Xin came all the way from the capital to learn from her.

The entertainment industry is really tough right now, as evidenced by the collective decline in the stock prices of listed companies in the industry.

The trend is irreversible. Although she has now started selling products through short videos, it has only been able to stem the losses this year.

If no new sector emerges to boost investor confidence, it will be difficult to achieve this.

It's only a matter of time before Tencent Entertainment's market value drops below 100 billion; it simply can't hold onto that level.

Within the entire group, Tencent Video is the best performing company in the short video field.

With annual profits approaching 10 billion, it's unbelievable.

Isn't that an exaggeration? Amidst widespread losses, she stands out as the only exception.

Chen Pingsheng also glanced at the financial statements and, unsurprisingly, most of the red lines had fallen.

He doesn't care, but it's tough for small businesses.

I turned on my computer, ready to make the second wave of long-term investments.

His current level of funding is at the industry level, not the corporate level.

Generally speaking, investments are at least long-term investments.

I won't look at it in the short term, much less like those people who invest some money and then check the price increase every day.

Currently, it holds only 1% of Tesla, 3.5% of TikTok, and 5% of Nvidia.

Judging from current trends, the short video economy has developed to a certain extent.

Once everyone understands it, there's not much point in going in anymore.

After the housing prices fell, the national strategic direction became industrial upgrading, with the core being to support new energy vehicles and the entire industrial chain.

This can be seen from the market trends of the past two years; he invested as early as five years ago.

As for the next decade, that will belong to the era of AI intelligence.

He has already invested over 70 billion yuan in this industry, and there's also Nvidia supporting him.

With the remaining billions in his hands, he also plans to buy some more industry stocks.

Let's see if we can get lucky and buy a Tesla or an Nvidia.

(End of this chapter)