The Birth of Shanghai's First Conglomerate

On September 1st, the little one officially started school.

In the first semester of her second year of junior high, she actually put in some effort this time. On her first day of school, she even tied a red ribbon with the words "I want to work hard" on her forehead with a sense of ceremony.

The first day of school was with the same old classmates, nothing special, but a few new classmates had also joined the class.

He even went on stage to introduce himself, which helped him get to know everyone.

As for Erpiya, she made quite a fuss when she signed up, even though she went with her mother.

However, they still managed to call over a small portion of the people from the three major companies to clear the way.

They really know how to handle the grandeur perfectly.

Not only was the procession grand, but she herself also wore a bright red robe, exuding a striking presence.

Her brother felt at ease; as long as he saw Su Xiaoxi, no one else mattered.

The three little ones in my family have finally started school, which makes things much easier now.

After Chen Pingsheng went to the group headquarters, Tang Jing was still busy with other things since it was morning. He made himself a cup of hot water and added some goji berries.

At exactly nine o'clock, Tang Jing came over to report the situation, saying that the financial report for the second quarter of Tengying Group had been released.

Tencent Entertainment's second-quarter profit was 1.2 million yuan, a decrease of more than 60% compared to the same period last year.

As soon as the financial report was released, the stock price plummeted, and no one could stop it.

Besides Tencent Entertainment, Fei Yang Yang Catering Group also suffered a net loss of 9800 million yuan in the second quarter.

The snack food stalls remained stable and were not significantly affected.

Deer Antler Coffee's financial report also fell short of expectations. All listed companies are required to release financial reports to the public.

This is both an explanation to all shareholders and a demonstration of its operational capabilities to the capital market.

Unsurprisingly, the stock price plummeted as soon as the financial report was released.

This isn't just the case for him; nine out of ten companies in traditional sectors are failing to meet expectations.

Under such circumstances, it was simply impossible to stabilize the stock price; I never expected that.

Chen Pingsheng said, "I made a fortune in Tesla, but I lost a lot of money in my own company's stock, with only Tencent Media standing out."

Tencent Media's financial report for the second quarter was truly impressive, thanks to the listing of Ninebot.

The company's net profit in the second quarter reached over 9 billion yuan, causing its stock price to soar.

"Boss, there's nothing we can do about it. Few companies in the traditional sectors have managed to stay afloat this year. If this situation continues for a few more years, who knows how many more companies will go bankrupt."

"That's true."

Chen Pingsheng sighed, "The trend is irreversible. There are still many people who hope that I will become the white-clad ambassador to take over. If anyone sends me that kind of message again, just tell them that my own company is also for sale, and see if any of them are willing to take it over."

Tang Jing knew it was a joke, so she didn't take it too seriously; her company's cash flow was still very strong.

There is no crisis whatsoever. Let alone enduring three years, even five or ten years would not be a problem.

Moreover, the company has clear standards, and the group must provide full subsidies to employees regardless of whether they are dismissed or the company goes bankrupt.

This subsidy is at least a year's salary; a company can't just go bankrupt overnight.

The founder simply bought a plane ticket and fled overseas, abandoning everything behind him.

Chen Pingsheng only glanced at it and didn't pay much attention to it.

A short while later, he received a call from his younger sister, Chen Qi.

Something unexpected and strange made him want to go and take a look.

His younger sister's cheongsam shop was inexplicably vandalized.

Someone actually dared to smash his sister's shop in Shanghai. Chen Pingsheng wanted to see who this ruthless person was.

After finally driving to Nanjing Street, I didn't see any big shots, but instead saw a middle-aged hothead who had just had a few drinks and was already drunk.

His sister opened a cheongsam shop here, and business has always been pretty good, which has affected a long-established cheongsam shop nearby.

The shop owner was a beautiful woman who knew how to use her advantages.

During a drinking session, she deliberately revealed some of her grievances to a darling who wanted to sleep with her.

That tough guy boasted a lot when he was drinking, saying there was no one in Shanghai he couldn't mess with.

After downing three cups of baijiu, he immediately got drunk and made a phone call to summon two of his underlings.

A guy with a green dragon on the left and a white tiger on the right, sporting a buzz cut, came over and smashed up the shop.

His sister opened this shop just for fun; she's not serious about it and it's impossible for her to be there every day.

There were only a few waiters in the store, and the first thing this burly man said when he walked in was...

Do you even know who I am?

Did you get permission from the labor union to open a shop here?

After saying that, he immediately smashed up the store, and it was all clearly captured on surveillance footage.

The cheongsam-clad female shop owner who probably encouraged him to come and smash the shop never expected that this guy would be so brave, coming to smash the shop without asking any questions.

She practically vanished on the spot, almost blocking this idiot hunky guy.

Then, Chen Qi sent him a video of the store.

What era are we living in? There are still tattooed men using such low-level competitive tactics.

They came straight over and smashed up the store.

The situation is quite clear now. By the time he arrived in his red Bugatti, the guy had already sobered up by half.

Chen Pingsheng didn't come alone; he was accompanied by two carloads of bodyguards.

There was nothing he could do; he hadn't encountered such a formidable person in many years, and he just wanted to see something unusual.

Let's see if this guy is more powerful, or if his grandpa is better.

It turned out he was nothing special; he was just a KTV owner who had made a little money in a small town.

His sister's shop is small, but the clothes are valuable; it would take tens of millions to compensate for the losses.

It's a principle that all wealthy people understand: if you're rich enough, you can smash any Rolls-Royce on the street without a second thought.

An Audi A6 is definitely out of the question, and a Hongqi L5 is absolutely out of the question.

If you don't have the money to compensate for the loss, then you have no choice but to go to jail.

The exact number of years in jail depends on the situation on the other side. Given the situation in the shop, if the lawsuit is taken to Jinshan...

This guy might not be able to come out for ten years.

When he entered, all he saw was a pile of broken pieces. The guy with the buzz cut, who was half-sober, saw him arrive in a Bugatti with so many bodyguards. It would be a lie to say he wasn't lying.

"Hey bro, do you own this shop?"

"No, it's a small shop I opened for my younger sister, and now, by sheer coincidence, you've smashed it up."

"Brother, your family is pretty rich."

"It's so-so. This little shop only cost a little over 100 million. I can leave the storefront for free, but my little sister's clothes are worth at least 10 to 20 million. Considering other losses, you should only have to pay 25 million."

Chen Pingsheng spoke in a very calm tone, but his words were particularly unsettling.

The man with the buzz cut and tattoos immediately sobered up. "Brother, my older brother's name is Jiang Hu. You should know him, right? Can you give me some face?"

"I'm sorry, I really don't know Jiang Hu, and I don't need to know any Tom, Dick, or Harry."

Chen Pingsheng found a place to sit down and waited for his younger sister to come over; his older sister was on her way.

The burly man with the crew cut really wanted to show his tough side and say a few harsh words, but seeing the other party's posture, he didn't dare to say anything. "Brother, this is all a misunderstanding."

"Whether it's a misunderstanding or not, let's talk about it when you can come up with more than 20 million!"

What if I can't come up with it?

"That doesn't matter, I can just stay there for seven or eight years."

"Are you fucking kidding me?"

The crew-cut man suddenly stood up, and Chen Pingsheng's bodyguard immediately forced him to sit down again.

“You’re not in a position to be joked with. You have three hours to raise the money. If you can’t come up with the compensation in three hours, you won’t even have a chance to regret it.”

This guy is really unlucky. He only met the beautiful owner of the cheongsam shop next door through a friend's introduction.

That boss's wife is much richer than him, and she's not stupid at all.

She already knew that the storefront of this cheongsam shop had been bought by someone else to open a shop.

Anyone who can afford a storefront in a location like Nanjing Street, no matter how small, is someone whose financial strength is far beyond hers.

It's because this crew-cut guy was bragging too much; after drinking two glasses of wine, he started acting like he was the best in the world.

She disliked this kind of person very much, which is why she thought of using him casually. No one expected that he would actually go and smash up the store.

Can you just smash up a cheongsam shop in Shanghai?
A decent custom-made cheongsam can easily cost hundreds of thousands or even millions of yuan. Only a fool would smash up a cheongsam shop if they didn't have billions in assets.

Knowing that he was really going to smash up the shop, the proprietress immediately disappeared.

He wasn't given a chance to explain or ask her to share the burden; no matter how many times he called her, she wouldn't answer.

I've met stupid people before, but I've never met anyone this stupid.

When his younger sister Chen Qi arrived, the burly man with the buzz cut was even more startled.

It turns out this is a den of tycoons, full of Bentleys and Rolls-Royces.

"Brother, you got here pretty fast."

"You think you're like me, taking your time to come over after your shop has been vandalized?"

Chen Qi wasn't embarrassed at all. "Isn't it because I'm here? Shanghai may be big, but what can't you handle?"

"Stop flattering me. Get your people to calculate the losses here."

"Hey bro, I don't even know this guy, why is he smashing up my shop?"

"He was just naive and got taken advantage of."

Chen Pingsheng said nonchalantly, "You don't need to worry about those things. Just find whoever smashed your shop to take responsibility."

"Fine…"

"Once you've calculated it, send a statement of financial losses to my company. I'll have Kingsoft's legal team handle the lawsuit and see how much they can pay..."

I was hoping to see something interesting, but I ended up watching a complete idiot.

This kind of person is really going all out to woo a rich woman; he comes to smash up the store without asking any questions.

He won't spoil you at all; he'll do whatever he wants.

Chen Qi, the younger sister, also took a look at the crew-cut man. As expected, this guy was definitely not capable of compensating for the losses in her shop.

If you can't afford to pay compensation, you can only resort to legal means. Needless to say, you'll need to stay in jail for several years to get how much compensation you can get.

This loss of tens of millions of dollars—his life was ruined by those few blows he made.

Some things just happen inexplicably.

For example, in some places, you might get beaten up just for going out for a late-night snack.

It's quite strange. Of course, in this day and age, there are surveillance cameras everywhere. Anyone who dares to fight like that is either extremely impulsive or still living in the last century.

Once something is posted online, it's almost impossible to escape.

Such things tend to happen more often in less developed areas.

On the contrary, a bustling metropolis like Shanghai is undoubtedly far superior.

In rural areas nowadays, if someone tries to hit you, they'll be very eager to get their money back. They'll say, "My income isn't great this year, but if I slap you a couple of times, I'll make a fortune in a few months."

Many people quite like it.

Chen Pingsheng thought he was going to meet some powerful figure, but it turned out to be just a hothead, the kind of hothead who came from a small town.

Chen Qi had called the police before arriving, so they took the person to the police station first.

The rest is just negotiating compensation. If they can't afford to pay, they'll file a lawsuit. Once the whole process is over, this guy won't have a chance to get out.

After things calmed down, Changfu immediately came over to watch the spectacle. They used to be ruthless people, but after spending a long time in society, they all understood a certain principle.

Those without money are not as good as those with money, and those with money are not as good as those sitting in their seats.

Someone like Chen Pingsheng is already half businessman and half official.

Chang Fu also rushed over to see what was going on, only to find nothing to see.

The muscular man with the buzz cut was crying his eyes out at the police station. He had been living a pretty good life, but now this impulsive act had ruined it.

Not only will they lose everything, but they will also have to spend seven or eight years behind bars.

The rest of my life was nothing but gloom.

Even if he wanted to kneel down and apologize, he wouldn't see Chen Pingsheng and the others anymore; everything was being handled by lawyers.

It was a completely businesslike attitude.

As for the instigator, the female owner of the cheongsam shop, Chen Qi can only go and cause her trouble himself. It would be too beneath him to bully a mere cheongsam shop owner, given his status.

That's not necessary at all.

"Old Chen, I never thought our shop would be vandalized one day!"

"I rarely see this either."

“When I was an apprentice, this kind of thing happened quite often.”

"It's best if there are fewer of these things; I don't like seeing this kind of thing."

In fact, most of the so-called gangster films made in Hong Kong in the 1990s were a joke.

At that time, the two villages had a major conflict.

That wasn't just someone waving a hoe or kitchen knife at someone's door and yelling; it was the old-fashioned Type 58 rifle and mortar.

They even dug out battle formations, and the village leader personally directed the operation.

If you were to send the forces from one of these villages to Hong Kong, even the Kowloon Emperor and the Causeway Bay boss would be nothing more than underlings.

That's not enough for them to sweep in one round.

This is no exaggeration; in many parts of mainland China at that time, the entire population was involved in martial arts.

Anyone who has seen this kind of film knows how hilarious gangster movies made in places like Hong Kong can be.

The real big shots of the new era are now wearing suits and ties, sitting at a table like Chen Pingsheng and his group, chatting and laughing humbly while drinking tea.

Chang Fu, Gao Hu, and he all came from that era.

In the past, if you tried to do any business without some skill, your shop would be vandalized or you'd be harassed at the drop of a hat.

It's so much better now compared to before.

Short videos simply amplify some social injustices. Anyone who lived through that era knows that we truly live in the best of times. (End of Chapter)