The Birth of Shanghai's First Conglomerate

Xiao Le finished her freshman year, and her older sister Xiao Ya has now successfully entered the Jinshan Zhengfu Class.

Unsurprisingly, she will also be working at Kingsoft after graduating from her junior year.

We're just accumulating experience for that next stage.

My uncle's arrangements were very clear. Although freshman year is still in the campus, the tower of youth, it is also the beginning of real contact with society.

Especially in the past year, she has really broadened her horizons by staying with her uncle.

Most of her classmates in Shanghai were locals, each with their own circumstances.

Few families are impoverished; making connections now is also to build a network of contacts for the future.

This is the significance of a good university, far surpassing that of ordinary universities.

It's fair to say that most of the students who graduate from their school have their jobs arranged by their parents during their freshman year.

They could either join their own family business, work for various state-owned enterprises, or take the civil service exam.

How they choose their path after graduation is not determined by their major at all.

It depends on the parents' abilities.

For example, her older sister Xiao Ya went to work in the Jinshan government office after graduating from school.

Those who can be directly assigned to this internship undoubtedly have parents with powerful connections.

The reason is simple: this is the department closest to the leadership.

It is also the department with the fastest career advancement.

To put it simply, one could get the most inconspicuous job in the General Office of the CPC Central Committee and the State Council, even if it's just cleaning every day.

When assigned to a position, one could easily become the captain of a comprehensive public security management team.

This is the advantage of the General Offices of the CPC Central Committee and the State Council.

There is one municipal party committee office and another is the municipal government office.

Shanghai is a municipality directly under the central government, and the positions allocated to it are half a level or even a level higher than those of ordinary places.

Studying hard on your own certainly has some meaning, but it doesn't have much meaning.

Because relying solely on reading books, it's difficult to even reach the basics.

The path she will take in the future will be roughly the same as her older sister Xiao Ya's.

As for her classmates, they were assigned their majors when they chose them, and none of them were ordinary people.

The future is 30% determined by fate, 50% by family support, and only 20% by one's own will.

That's how magical it is.

When Xiao Le attended a class reunion, Xiao Ya also went to the group headquarters.

Chen Pingsheng met with District Chief Jin to officially launch the second phase of the larger Tengying high-end community.

The planned construction will involve approximately 30,000 to 50,000 housing units.

The plan is to purchase over 1,000 mu of commercial and residential land.

The expected investment is between 30 billion and 50 billion yuan, and it will take about two years from land purchase to construction to be completed.

This money did not come from Chen Pingsheng; he was simply responding to his employees' call to use their housing needs to build houses.

After all, if we take into account the unified land acquisition and housing construction, and disregard bank interest and employees' own home loan interest...

The cost will be reduced to a level that everyone can accept.

For example, if they were to buy a 100-square-meter apartment themselves, even a slightly better one in Jinshan Community would cost 30,000 to 40,000 yuan per square meter.

A 100-square-meter apartment, including the common areas, is roughly 115 square meters.

The purchase cost of the house is as high as 3.5 million. If you also include the loan interest, even if you pay it off in ten years, the cost will still be more than 5 million.

It's different when they build their own houses. First of all, the houses built by Tengying Group do not have shared areas.

It is exactly how many square meters it is.

In addition, because these are talent housing units belonging to a group, the land cost will be much lower than the normal price.

The land cost will likely be around 2015 or 2016.

In addition, he doesn't need a bank loan to build the house, so there are no loan interest costs.

The remaining two costs are land and construction, plus decoration.

It's important to understand that not only homebuyers incur financial costs, but real estate developers also face financial costs.

These are all due to increased loans. If we exclude this aspect, the cost price of the house would decrease by at least 30%.

He can acquire land, develop and construct the property, and then add renovations. A house with a net area of ​​100 square meters only costs 150 million yuan to build.

If sold to employees, it would probably cost around 180 million.

It's important to understand that this is not something an ordinary person can do; only he has the financial resources to support such a massive amount of capital.

Any loan required will increase the cost by more than 30%.

Moreover, this is the result after he has already given up all the shared area, which is why the group's employees are waiting for his houses to be built no matter what.

Because you simply can't buy a house that's this cheap, in such a good location, and of such good quality anywhere else.

The only problem is that Chen Pingsheng personally has to cover all the land purchase costs and development and construction costs upfront.

He will only officially sell the houses to his employees after they are completed.

He never sells off-plan properties; this is the best protection for his employees and homebuyers.

He had already identified the land and was just waiting for the negotiations to be finalized before formally submitting his purchase intention to the Jinshan government and the Land and Resources Bureau.

For land exceeding 1,000 acres, the cost would be between 15 billion and 18 billion yuan.

It depends on the final outcome of the negotiations.

To be fair, he was able to accumulate a lot of luck points after completing this project.

The greatest benefit of luck value is that it protects their family from illness and disaster, ensuring they live a peaceful and safe life.

Chen Pingsheng cashed out another 0.5% stake in Nvidia, netting $40 billion in one go.

That's about 280 billion RMB.

That's enough to complete 80% of the project's progress, and he also specifically set up a second-phase development fund for the project.

All the money will be injected into this fund to ensure the project runs smoothly.

In this way, he would only have 2% of Nvidia's shares left.

There is no doubt that after Nvidia's value reached $800 billion, it has reached a bottleneck.

Whether it can achieve further breakthroughs in the future depends on the extent to which its technology has developed.

It seems unlikely that it will break through at present, and it might even fall further.

If the price drops back to around 500 billion US dollars, he will probably spend more money to buy it back.

Buying low and selling high is a normal business practice.

Google, on the other hand, has remained stable, experiencing slow but steady growth.

After this project is completed, the most important thing this year is to complete the listing of Tengde Times.

Solid-state batteries have been developed to the point where the cost is around 50, making them suitable for use in high-end vehicles.

But the price will not be less than one million.

Tengfei New Energy has another big goal this year: to officially launch its own high-end SUV model.

Dragon S900.

It will be equipped with the latest solid-state battery developed by Tende Technology, which can travel 2,500 kilometers on a full charge and charges very quickly.

It only takes half an hour to fully charge.

Solid-state batteries are the same type of batteries used in mobile phones. This battery technology has not been used in automobiles, mainly because the cost is too high.

Tende Times spent six years and over 60 billion yuan, recruiting more than 20,000 R&D engineers in the field of batteries.

This is how the cost of use was gradually reduced to the range of 500,000.

While it's called cost reduction, it actually means making further breakthroughs in the core technologies.

It has to be said that this process was incredibly long.

It wasn't until June of this year, 2021, that the possibility of reaching one million cars was officially realized, starting in 2016.

Of course, the current limit is one million pure electric vehicles.

After the Longteng S900 is launched, its price will not be lower than 120 million yuan. It can be regarded as a million-yuan pure electric high-end model officially developed in China, and it will not only be equipped with the latest solid-state battery developed by Tengde Times.

It will also be equipped with the latest generation of intelligent driving system developed by Tengfei AI.

The launch of this car signifies that Tengfei New Energy has truly acquired its own core technology.

It also gives it the potential to make a formal push into the global market, including the domestic high-end market.

It can be said that if the Longteng S900 is successful, Tengde Times will officially go public with a market value of no less than 200 billion yuan.

Everything is still in the midst of intense preparations.

The initial planning has only been completed. After the car is built, it will need to undergo a 100,000-kilometer testing period and various data evaluations.

The actual implementation date is expected to be around this time in 2022.

In other words, in a maximum of another year, Tengfei New Energy will release its truly iconic high-end model.

It remains the pinnacle of new energy pure electric vehicles.

While it may not be able to completely outperform Tesla's high-end cars, it has already surpassed them in many aspects.

This is a significant event.

Tesla's new SUV, launched overseas, is absolutely unique in the world in terms of materials, technology, and intelligent driving features.

No matter how much others praise it, they can't deny that the car is indeed quite advanced.

The core technology of the Longteng S900 is solid-state batteries. In terms of intelligent driving, it is already one of the best in China, second only to Baidu.

However, it still cannot reach the top level globally, but it is at the top level domestically.

To create the Longteng S900, they even poached many top designers from Rolls-Royce and Maybach.

It's specifically designed to enhance the details of the entire car.

As for the core components such as the electric drive system and chassis tuning, etc.

They have spent an unknown amount of money on these aspects; Tengfei New Energy alone has invested over 200 billion yuan.

This money wasn't wasted; it wasn't just scraped together from other people's money.

They all have their own core technologies.

This thing is just like Apple; it's the phone with the longest lifespan and the most stable system.

The main reason is that it is the only mobile phone manufacturer and developer in the world that has achieved integrated hardware and software.

The system is our own, and the hardware components, including all the core technologies, are also our own.

How can something built in an integrated manner be unstable?

Most manufacturers source their smartphones from Qualcomm for chips, Samsung for screens, and Google for operating systems, not to mention the various other components.

They bought things from all over the world and cobbled together a smartphone.

Lacking core technologies can also lead to unstable quality.

While self-reliance is difficult, the corresponding benefits are unparalleled.

At least in terms of quality assurance, it's incomparable to something cobbled together.

Tengfei New Energy has this advantage, as does Tesla.

Another domestic company with this advantage is BYD, which he also invested in.

Only by completing this step can we truly control product quality and cost.

This is something that other new energy manufacturers do not possess, and it is also the core advantage that he has accumulated over the years.

It must be said that in the past seven years, he has indeed built the overall framework of a world-class outstanding technology company.

The 50 billion yuan invested in R&D every year is not wasted; every penny brings a return.

Many internet-based new energy companies still use other traditional car manufacturers as contract manufacturers.

Some bosses even dared to claim that a certain traditional car manufacturer in China was more advanced than Porsche.

He was so frightened that he immediately sold off all his shares in that internet-based new energy vehicle company.

Are you kidding me? Porsches cost hundreds of thousands of dollars each.

The average price will not be less than one million.

If a traditional car manufacturer produces a car that sells for more than 100,000 units, no one will even look at it.

To say it surpasses Porsche at this level is ridiculous.

No reasonable boss would dare to boast like that.

If he dares to say that, then there's nothing more to say; just sell all the stocks and that's it.

After so many years of planning, it would be a lie to say I wasn't looking forward to it.

In the afternoon, Chen Pingsheng took the three little ones, who were on holiday, shopping.

That silly little brat who's been causing trouble since birth is inexplicably about to start fourth grade.

Although she is only eight years old, she walks with an air of indifference, as if she doesn't recognize her own family.

With his hands in his pockets, his plump chicken rear end slightly sticking out, and two small braids tied in his hair, swinging back and forth.

The clothes he was wearing were even more bizarre, with Ultraman fighting monsters in the front.

Behind her is Ultraman glowing. She really loves Ultraman and dreams of becoming as big as Ultraman so she can beat her sister twice.

It's summer vacation again. She finally got a break, but before Chen Pingsheng could even make any arrangements for her, she had already filled her schedule to the brim.

First, I need to open stores for my super-sized snacks all over the country.

At the same time, we also want to spread our super-sized milk tea to every corner of Shanghai.

It allowed people to fully appreciate the trump card culture of her huge company.

To be honest, this little girl inexplicably actually did a great job.

Does this little girl have an amazing business talent?

She can sell a bucket of milk tea so well, who else can?
As for those spicy strips that are taller than a person, two-meter-long hams, and fries that are the size of a small door.

She made them all popular, and they even became a favorite culture among many young people.

Every day, I have to queue up carrying buckets of stuff to pay the bill.

Her own "Second Smart" account was officially changed to "Big Big President (Princess Xinyi)".

The following description reads as follows.

Competing on grades? I haven't known what an opponent is since kindergarten.

Comparing friends? I don't consider money when making friends, since you're unlikely to be richer than me anyway.

Talking about starting a business? I was earning hundreds of millions a year when I was five.

Those who believe in me will have eternal life.

I was originally planning to arrange some special activities for her this summer vacation, such as opening a barbecue restaurant so she could eat skewers.

She's in a difficult position to make arrangements now.

Chen Pingsheng also noticed that no matter what kind of grassroots work this second girl did, she would never sympathize with ordinary people.

Her principle has always been: I pay you to do the work, and if you do the work well, there's no limit to how much you can earn. She'll give you a hundred million if you want it.

If you don't do the work well, she'll directly call you an idiot for not being able to do even this simple thing right.

Asking her to care about you will only make others think she wants to fire you.

What did you do wrong?

This little girl has an exceptional talent for learning, and even her business acumen is unique.

As for Chen An'an, she has been working at the Anle Foundation for many years.

This summer, she won't be doing those grassroots jobs again; instead, she'll be given 300 million yuan.

The Anle Foundation has officially transformed into the Anle Group. If she wants to do charity work in the future, she will need to earn money herself first.

Every year she can get 500 million yuan from herself, and 500 million yuan is not allowed to be used for charity.

Only the profits generated from 500 million yuan can be spent at her discretion.

Her younger sister has inexplicably managed to run a huge company well, and she, as the older sister, is about to enter her final year of junior high school, so it's time for her to learn how to make money.

It felt like watching his daughter grow up, and Chen Pingsheng felt deeply gratified.

(End of this chapter)