The Birth of Shanghai's First Conglomerate

August arrived in the blink of an eye.

The online short video industry is constantly turbulent, with various restrictive measures being introduced one after another.

If these frequent chaotic situations aren't addressed, who knows what might happen next?

After spending some time with his second sister, Chen Lu, the mistress, started clamoring every day to play with the little girl Su Xiaoxi.

This time he wouldn't listen to anything anyone said, and even Erpiya hitting him didn't work. Even when his mother came to discipline him, he just cried loudly.

I just want to play with Su Xiaoxi.

Goodness... this guy really wants to be a simp.

Judging by the way he's crying, if we don't take him to see Su Xiaoxi, he probably won't be able to stop.

Helpless, Song Yanxi had no choice but to send him to Xiao Su's house.

When the third party saw Su Xiaoxi, he immediately grinned foolishly. The girl didn't pay much attention to him, but he still followed Su Xiaoxi around like a puppy.

Also no one.

August was relatively uneventful, except for the group's traditional business segments which were struggling.

Other sectors were not affected too much, and the 20 billion yuan employee support fund he had taken over was officially launched.

The first to succumb to losses was Boiling Sheep. Although many of its stores closed, most were still severely affected by the disease.

With employee benefits remaining unchanged, the monthly net loss is between 20 million and 40 million.

Based on this calculation, it would be roughly between 300 million and 500 million per year.

If this were a typical company, it would definitely have to close down within two years.

There aren't many companies under the Tengying Group, and its financial resources are very abundant.

However, he was able to persevere, but the two new companies in the new energy sector did not.

After the major shareholder withdrew from the investment, it was announced in the morning that the CEO was so eager to board a plane and flee abroad that afternoon.

As for the customers and employees, who cares about them anymore?

It's really tough being a working person these days; you have to take out a loan to buy a car just to get a job.

Before the loan was fully repaid, the company declared bankruptcy, and all remaining wages and subsidies were lost.

This is a blatant disregard for labor laws.

Such behavior damages not only his company, but also the reputation of the entire new energy industry.

A particularly interesting topic has emerged online: these two unreliable companies have gone bankrupt, and just a month before they collapsed, they were still hiring big-name celebrities to endorse their products.

They announced to the outside world how much money was sitting in their company's accounts, but the next month, car buyers couldn't find the manufacturer.

There's a lot of discussion online about which new energy vehicle company will be the next to go bankrupt.
It's said that Baidu's investments in companies are mostly losses. Every time, they start early but end up finishing late, leaving behind only rotten scraps for Baidu to mess with.

Among large domestic enterprises, Tencent is the only one that has truly made a name for itself in investing.

This is indisputable.

As for Alibaba and Baidu, they both like to forcefully seize control of other people's operations, which then leads to a mess.

A crisis of confidence in new energy has quietly arrived.

Xu's team was shouting slogans loudly, and all their test data were far ahead of the competition.

That's all slogans and no actual vehicles.

There are very few companies that are truly committed to building cars, and new energy vehicles have encountered a major problem.

That is to market cars like oversized mobile phones, while promoting all kinds of refrigerators, color TVs, large sofas, or this smart shelf or that smart shelf.

Aside from some mindless marketing trolls online, those who are genuinely involved in car manufacturing know that cars are not fast-moving consumer goods.

The number of people who can actually change their cars every few years is extremely small.

Most people with this level of spending power will still choose flagship cars such as the Mercedes-Benz S-Class, BMW X5, and Audi A6.

It's not those who don't own cars who would think that truly wealthy people would forgo a Maybach for a new energy vehicle. Those with even higher consumer demands would opt for Bentley or Rolls-Royce.

As for saying that Rolls-Royce is only for the elderly and that new energy is the true sign of the intelligent era.

Anyone who says something like that is usually someone who doesn't even own a Santana.

To put it simply, when everyone in the government starts using new energy vehicles, then new energy will truly become a viable trend.

Chen Pingsheng still pursues the simplest essence of car manufacturing: easy to drive, durable, and without any minor problems within 100,000 kilometers.

Another point is its extremely high cost-performance ratio.

As for what those so-called marketing armies say—that once you've driven a new energy vehicle, a Rolls-Royce is just a tractor—that's a different story.

Anyone in the company who dares to publicize this to the outside world will be fired immediately.

For an average person, it's already considered very good if they can change cars three times in their lifetime. Expecting them to change cars every two or three years is simply impossible.

Any so-called intelligent driving system is essentially an auxiliary function. If you are allowed to drive with your hands off the wheel on the highway and an accident occurs, whose responsibility will it be?
Is it a car company or an individual?

Human life is of paramount importance; after something like this happens, no amount of money can really help.

So, all those who keep emphasizing so-called intelligent driving are just trying to fool a couple of young consumers.

Once people reach a certain age and have real spending power, they're not looking at these things.

Tengfei New Energy has been steadily developing its business, focusing not only on pure electric vehicles but also on range-extended and hybrid vehicles.

As for AI-powered intelligent driving, which has been developed at great expense, the emphasis has always been on its assistance functions.

Rather than completely replacing the car owner in driving.

To be honest, he doesn't believe that autonomous driving has a bright future under the current economic conditions and traffic environment.

If this thing really eliminates those unemployed middle-aged people, many people will probably make a huge fuss.

August 5th.

Chang Fu came to him and said that Gao Hu had been reported for selling counterfeit goods.

"What's there to say? If you sell counterfeit goods, you just lose money!"

"He does want to pay back the money; he just paid back 100 million last month."

"His live streaming is quite profitable. In just a few months, he has already earned a small fortune."

"It does make money, but there are also risks."

Gao Hu's long road to repaying his debts has no end in sight.

Chang Fu was just saying hello, and Chen Pingsheng didn't think much of it.

After attending the meeting in Beijing, he enjoyed a very leisurely life.

“I’m telling you, do you really want to start that big health business? My wife invested 300 million in you. If you keep going at this pace, by the time you’ve achieved a small scale, it’ll be too late.”

Chang Fu was a little embarrassed. "I have no choice now. I only realized how much more difficult it was than I imagined after I started working on it. It's like crossing a mountain between different fields, and only you can overcome that barrier so easily."

Chen Pingsheng was speechless. "Since you don't want to do this anymore, just give the money back to my wife as soon as possible, so she won't say it to your face."

"Okay... I'll have the finance department transfer the money tomorrow."

Chang Fu was originally very ambitious, but after a while he realized that traditional Chinese medicine and health preservation were completely outside his field.

Besides requiring money, this also has a very high professional threshold.

It's not something you can just do on a whim. He originally planned to invest 1 billion, and he even got 300 million from his wife.

Several months have passed, and the 100 million hasn't even been spent yet. This is hardly an attempt to capitalize on a trend.

This is similar to an old lady crossing the street.

(End of this chapter)