The Birth of Shanghai's First Conglomerate

Increasing overseas investment serves as both a fallback option and a safeguard.

Chen Pingsheng has seen the prosperity of Singapore and may live there frequently in the future.

An investment of 200 billion is not a small amount for him personally.

To raise this money, all of their remaining Tesla shares would need to be cashed out.

Tesla's stock price has also surged, and its market value has now exceeded $680 billion.

If he were to cash out all of his 1%, he would have approximately $68 billion.

That's roughly 45 billion RMB.

Of the 20 billion, 20 billion was invested in infrastructure projects in Singapore, with an estimated annual revenue of 700 to 800 million.

It's actually quite normal for it to take about 25 years to break even.

This investment is similar to his earlier investments in commercial real estate, with a focus on stability.

There is not much risk.

Low risk means low return.

The remaining 25 billion, 20 billion of which will be given to Tengfei New Energy.

Complete the funding required for Tengfei New Energy in the first half of 2021.

The remaining five billion will be used to acquire some family-improvement assets.

For example, resorts.

He actually still has billions of dollars left to spend, and now that he's got such a large sum of money, he needs to think about how to spend it.

After the party ended, Chen Pingsheng called his wife, Song Yanxi, to report the details.

Time flies, and before we knew it, it was the end of September.

When he returned to Shanghai, he took over the Jinshan five-star hotel from Lao Yang.

And that resort with an investment of over 5 billion yuan.

The hotel was still handed over to the logistics department of Tengying Group as planned.

As for the resort, after he took his family on a tour, Song Yanxi liked it very much; it was a nice tourist town with mountains and water.

It certainly can't compare to Sun Island, but it's already very luxurious for a resort owned by the family.

Bai Xin called him again. It was National Day, and there would be a grand event in the entertainment industry after National Day. She wanted to ask him if he wanted to attend.
Chen Pingsheng naturally had no interest in such things.

Changfu just couldn't resist wanting to go. As for the entertainment industry gala, the most interesting part is naturally not what the person on the stage is saying.

Instead, it was the female celebrities in the audience vying for attention.

This year, the entertainment industry is in a bleak state, with nine out of ten companies losing money.

The remaining company declared bankruptcy.

According to Bai Xin's statistics, the number of unemployed people in the entire industry this year is at least as high as 40%.

That means there are about half as many startup projects as last year.

Some projects had to be halted due to a lack of investment, while others were shut down because of incidents involving actors.

Most of the time, it's due to the illness.

It's safe to say that at this year's entertainment industry gala, the female celebrities will definitely put in even more effort for next year's projects.

Not to mention others, even his little cousin Jiang Peiyao has spent most of this year unemployed at home.

She's quite free-spirited, since she has everything she needs.

The grand event was still held in Shanghai, and many people sent him invitations, but he hadn't accepted them yet.

It might be worth checking out this year.

On October 1st, National Day, all three kids in my family had a holiday.

Even his younger cousin Jiang Peiyao brought her silly best friend Meng Ziyi to his house.

"Brother-in-law, I heard from Sister Bai Xin that you're also going to attend this year's entertainment awards ceremony?"

"I guess so, it was just a formality." Chen Pingsheng always felt that his little cousin had grown up a little bit every time he saw her. "Did you win any awards?"

Jiang Peiyao said awkwardly, "I could have won a small newcomer award on my own, but when Sister Bai Xin asked me what award I wanted, it became harder for me to win."

"You still want the newcomer award?"

Chen Pingsheng shook his head: "You've been in the industry for several years now, at least five or six, how can you still accept a newcomer award?"

"That's all the talent I have," Jiang Peiyao said with a simple smile. "Ziyi, on the other hand, could win Best Supporting Actress."

Meng Ziyi isn't very old, but she has a great figure, and her looks are definitely top-notch.

The only downsides are that it's too aggressive and has a very "internet celebrity face".

Meng Ziyi has been with the company for almost five years now. Her performance has been mediocre, but she can definitely support herself without much trouble.

She often outshines the female lead when she's playing a supporting role, but if she's the female lead, the comments aren't so good.

This girl is destined to be a supporting character.

“You two have been with the company for so many years, so whether you get an award or not doesn’t matter. I’ll talk to Bai Xin about it tomorrow and let you choose two leading roles in dramas yourselves.”

"Brother-in-law, I'm not good enough to play the leading lady."

"It doesn't matter if we can't handle it, it's just a loss of tens of millions. You've never really played a leading lady before, how would you know you can't do it?"

For Chen Pingsheng now, the entertainment industry is just a hobby; it's time for his little cousin to move on to something more.

As for Meng Ziyi, he was just an afterthought.

She played Ye Hongyu very well, and she must be happy to have the opportunity to play a leading role.

To be honest, there are only two actresses who can truly carry a leading role in the drama industry.

One is Liu Yifei, and the other is Zhao Liying.

Zhao Liying has the highest influence; any show she stars in is guaranteed to have top ratings.

Yang Mi's career has been declining in the past two years, and the other two leading actresses born in 1985 are also clearly on the decline.

"Brother-in-law, I'm not here to ask you for resources."

Even if you don't want it, I'll still give you some.

Chen Pingsheng said, "I can't stand seeing you remain a nobody in the entertainment industry any longer."

Okay... Jiang Peiyao's life on Xianyu (a second-hand marketplace) isn't so easy after all.

This year, many actresses have had no choice but to film short dramas, and some have actually made quite a name for themselves in the short drama genre.

Moreover, filming short dramas can be quite lucrative; actresses with even a little bit of fame can earn tens of thousands of yuan a day.

That's pretty good. The entertainment industry gala will be held on October 8th.

There were significantly fewer tourists visiting Shanghai this National Day holiday.

After Jiang Peiyao left, Chen Pingsheng took his family to Sun Island for a trip.

The resort he bought himself will not be handed over for some time.

Children enjoy activities such as go-karting, beach activities, and horseback riding on Sun Island.

However, given Er Yatou's personality, she can only stay in a place like this for one day; after that, it's not very interesting.

It would be better for her to take people from the three major companies and go to the Huangpu River to ride a superyacht.

Chen Pingsheng followed her example; Er Yatou ran faster than anyone else and even took her younger brother with her.

I can't leave him out, otherwise he'll go looking for Su Xiaoxi again.

Chen Pingsheng could only express his helplessness about this, while the big kid seemed to be having a lot of fun.

I spent the first day of National Day on Sun Island.

On the second day of the National Day holiday, the family went on a two-day sea voyage on a medium-sized superyacht docked in Shanghai.

By the fourth day of the National Day holiday, everyone was free to do their own thing.

(End of this chapter)