The Birth of Shanghai's First Conglomerate

Erpiya and Dapiwa.

They will both need to complete their business training in their own companies.

For people like them, the cost of trial and error is actually very high, unless they are so stupid as to be beyond redemption.

The benefits of continuous trial and error are absolutely beyond imagination.

Chen Pingsheng was only responsible for giving them money; they could choose everything else themselves.

Whether he drinks liquor or runs a huge snack shop, he doesn't really care.

……

The day came to the end of June 2021.

The Tang family, who hadn't visited him for over half a year, came to see him again.

Unfortunately, he already made a bid last year, so he can't make another bid this year.

The situation in the real estate industry can only be described as precarious. To put it simply, Hengda Xu's belt is still being pressured to ensure the delivery of the buildings.

This is his last chance.

The impact of "Belt Brother" is definitely extremely negative. If it weren't for some other factors, the short video platform would probably be filled with people crying and lamenting every day.

Buying a house but not receiving the payment is truly a terrible situation.

At the beginning of the year, there was also a small number of poorly written videos that became viral.

Now it's completely gone. There's no doubt that these things have been suppressed, or rather, simply not allowed to be released.

The Tang family is not completely finished; it's a miracle they've even survived. This year, even members of the Tang family aren't as free to go abroad.

This is a classic example of someone who is not free to move around.

As for the smaller real estate owners, they are lucky to be alive.

Chen Pingsheng approached Wanda's chairman again, proposing to acquire all of Wanda Plazas offline.

The negotiations took three full days, but they still couldn't reach an agreement on the price.

The Wang family is asking for a valuation of 1800 billion, but he can offer up to 1200 billion.

The reason for acquiring Wanda Plaza is twofold: firstly, to improve Tengfei New Energy's offline sales network.

Secondly, Wanda Plaza is a high-quality asset with very stable annual rent.

The third and most important point is that Wanda possesses an abundance of brand resources.

This is of great significance to his companies, including Tengyou Media, Tenghui Department Store, and Tengying Entertainment.

It's safe to say that once he completes the full acquisition of Wanda Plaza, the stock prices of these related companies will soar.

The upper limit should be increased by at least two floors.

such a pity.

The Wang family has been severely short of funds in recent years, and its core business, Wanda Commercial Management, is still seeking to go public.

He will only have a chance if the IPO of this asset fails.

As for those who came to him begging to buy his products, he ignored them all.

He has less and less cash at his disposal, so he has to spend his money wisely.

I don't know how long this illness will last, it's truly frustrating and disheartening.

Time flies... another year has passed in the blink of an eye.

Big Paw's wine business got off to a great start, and he even bought a winery in France.

Despite various celebrity endorsements, short video promotions, and even massive online advertising campaigns, it still couldn't prevent its disastrous failure.

The main reason for this is the chaotic internal management within the group.

Various cases of corruption have emerged one after another, and the marketing department has been changing its policies frequently.

It's fair to say that she applied almost every possible reason for failure.

I don't know what her father or mother was thinking, but they gave her 500 million yuan to start a business, and she can get any resources she wants from the group.

But if you want advice or help with personnel matters, that's absolutely not available.

This resulted in Tengying Group not sending a single senior executive to the wine project, which involved an investment of over 400 million yuan.

She, a ninth-grade girl, had to figure things out on her own, feeling her way across the river.

There are even lists online of the reasons why celebrity-owned liquor companies failed.

Many people like to express their opinions online as if it were a joke.

Those in the know understand that this was merely a trial project that Tengying Group was giving to his daughter.

Failure is normal; if it doesn't fail, then Tencent Games Group has to get involved.

During that year, Chen An'an focused on her studies and on managing the wine business of Anle Group.

Losing over 400 million yuan in her first business venture was a significant blow to her.

As for Erpiya's side, her DaDaDa snack shops are doing very well now that she's only opened one or two stores.

When you have stores all over the country, you'll need a very sophisticated supply chain, including team management.

Without a doubt, Chen Pingsheng would not send senior executives to manage things for them, except to provide money and resources.

That would be pointless; you'd have to figure everything out on your own.

The end result was the same as her sister's: one snack shop after another closed down.

In just one year, she squandered more than 300 million yuan of her family's wealth.

Unlike her sister, she wasn't discouraged; for her, running a company was like playing a game.

If you lose this round, just try again next time.

Another year has passed in the blink of an eye, and June 2022 has arrived, the summer vacation.

Despite his own abilities, Da Pi Wa didn't get into Shanghai's best high school, but only managed to get into a second-tier high school in the city.

Chen Pingsheng transferred her to the best high school without hesitation, while Erpiya will soon be in fifth grade.

The family held a debriefing meeting, allowing the two of them to reflect on the reasons for their failures.

Erpiya said, "Dad, I have to admit, although I'm incredibly talented, have excellent grades, and am exceptionally intelligent, but..."

"Just talk about the later parts, don't bring up the earlier parts and praise yourself again."

That's just how Erpiya is. Every time there's a summary meeting and it's time to criticize herself, she always praises herself first.

"I failed, losing three small goals. The main reason is that the company's employees are all idiots, not smart at all. I need to hire more smart people."

"You've worked for a year, lost hundreds of millions, and this is all the experience you've gained?"

Chen Pingsheng had no choice but to give her 300 million yuan nonetheless.

He also put a lot of effort into raising his daughters, even if it meant spending a lot of money, he wanted to cultivate two truly wise and capable businesswomen.

As for the older kid, it's much better. Given his age, he's better able to reflect on himself.

She wrote down the reasons for her failure on five large A4 pages, without making too many excuses; failure is failure.

Chen Pingsheng also allocated another 500 million yuan to her from the family fund. Just as Erpiya thought, starting a company was just a game for them.

Losing a game is no big deal, even losing this much money is fine.

The most important thing is to learn from the failures in these games.

Thus, we can continuously reflect and improve.

That's the real significance of his family foundation.

Being a good father is never easy. It's not just about providing for the family's basic needs; more importantly, it's about raising your children well.

This is the only way to be responsible for their lives.

In his plan, Chen An'an and Erpiya would fail at least three times in a row.

These three times were meant to make them clearly understand themselves; no one is truly exceptionally intelligent.

Starting a business and opening a company is not something that can be done by one person alone; it requires the convergence of many factors.

Good fortune, harmonious relationships, and favorable geographical conditions.

Luck is about choices, and choices are definitely more important than effort.

For example, if you were to go into the real estate or traditional catering industry now, you would put in a tremendous amount of effort but still only achieve so little.

That's the choice.

The next stage is to cultivate people-oriented skills. The core of this is knowing how to manage people, and the key is managing those who truly have great abilities.

A person who can surpass their own abilities.

The first three failures will allow them to gradually learn and explore this area.

He will then assign some truly capable people to their company to help them start their business, while also assessing their personnel skills and abilities.

Once these people go there, they won't listen to him anymore, and he won't offer any opinions. It's all up to Big Paw and Second Paw to decide for themselves.

Chen Pingsheng planned for Da Pi Wa to fail about six times. After six failures, he would achieve some success, graduate from university, and then intern at top-tier companies for one to two years.

She will definitely succeed.

This kind of talent isn't just any ordinary talent; it's the kind of exceptional talent that can take over a family business.

As for Erpiya, she'll have to fail at least seven or eight more times.

For her, constantly failing and accumulating experience in playing games well was enough.

These are the nurturing conditions that ordinary families simply do not have, and they are also the prerequisite for the sisters to truly excel.

The family's focus is on raising their child; Xiao Ya was promoted to a full-time position after three months of internship.

In another eight months, I will become a minor deputy section chief in Shanghai.

This is thanks to his investment of over 38 billion yuan in the second phase of the Tengying Community.

That is, on May 20th last month, Xiao Ya got engaged in a very low-key manner.

The object of his affections is the second son of the former district head of Jinshan District and now the deputy mayor of Shanghai.

Both of them were arranged by their families, and the engagement ceremony was very low-key, without any grand gestures.

It's not suitable to display it either.

This marriage was arranged by Chen Pingsheng himself, and the two families have always had a very good relationship.

Don't think that what he's doing is too opportunistic. In fact, given his current abilities, a marriage between the two families would be very beneficial.

People in this circle can freely date, provided they are well-matched in terms of social status and economic background.

If the gap is too big, then it's simply impossible.

Everything at home is progressing step by step in the predetermined direction, and the closer they get to this stage, the wider the horizons they encounter become.

Only then did I realize my own insignificance.

After Xiao Ya got engaged, her younger sister Xiao Le was about to start her sophomore year of college.

Her marriage partner will still be arranged by him.

Xiao Le almost went astray; a boy at school had been pursuing her for over a year, which touched her deeply.

Just when the two were about to get together, Chen Pingsheng expelled the boy from school.

This was a very simple matter for him.

To put it bluntly, the niece he raised with so many resources would never choose a college student from an ordinary family.

Even if you are incredibly talented, it's still the same.

My parents have no connections; it's too difficult to get ahead in today's society.

It's almost impossible.

So, he used some means to get the boy expelled from school.

If you say that the boy isn't smart, he really is very smart. And it would be a lie to say that he was pursuing Xiao Le without any feelings for her.

In the dead of winter, I drove several kilometers just to buy her a bowl of her favorite wonton noodles.

It's the middle of summer, and they're out buying popsicles, or they're always aware of the temperature.

His thoughtfulness, gentleness, and talent were written all over his face.

All of this would not have been possible without Xiao Le driving a Ferrari after leaving school and a Cullinan after returning to school.

He was simply trying to change his fate through her.

This kind of thing only happens in TV dramas; it's impossible in reality. His dismissal was the price he paid for his ulterior motives.

Xiao Le remained silent for a long time afterward, and Chen Pingsheng offered no explanation whatsoever.

Families like theirs don't allow you to act as you please.

How can a girl who spends hundreds of thousands or even millions on a casual shopping trip be with a man who only earns ten thousand a month?
The two have vastly different values. Aside from the initial hormones, the subsequent conflict stems from a strong clash of ideas, including differing values.

Chen Pingsheng was also reminding Xiao Le not to try to accept ordinary boys who were completely mismatched with her status.

Her future can only proceed in the predetermined direction, and her marriage partner can only be chosen by him.

Every step a large family takes is no longer so pure.

Their family may appear incredibly powerful, but their actual foundation is far from solid.

We must use marriage alliances to secure more legitimate political resources.

Before marrying them, people will investigate their life experiences over the past ten years.

Having had a regular boyfriend is a stain on my college record.

Ordinary families wouldn't even look at these things, but families like theirs pay a lot of attention to them.

Look at Old Wang's only son, there's just been a rumor about him dating the Penguin Princess, and they're saying the two families are going to arrange a marriage.

As a result, the big penguin came out faster than a rocket to eliminate the rumors, and didn't even look at him.

Anyone who has dated an internet celebrity or made headlines online has effectively severed their chances of marrying into a wealthy family.

Another unexpected event that happened this year was the sharp drop in Nvidia's stock price.

His 2% stake in Nvidia, which was worth $160 billion last year, is now worth only $70 billion.

Nvidia's stock price has fallen by a full 100% compared to last year.

With only $3500 billion remaining, he saw the stock price plummet over the past year.

They lost approximately $90 billion, which is equivalent to 630 billion yuan.

That's how stock market investing works; you never know what tomorrow will bring, and no one is invincible.

He'll still lose money as he's supposed to, but luckily he's a large company, so this amount of money won't have much of an impact on him.

The key is that he didn't cash out; he always felt that Nvidia's stock price would eventually recover.

The biggest event this summer is the launch of Tengfei New Energy's most high-end SUV model.

The Longteng S900 is about to be released.

After a year of preparation and 100,000 kilometers of testing and adjustment, the product was optimized.

The day has finally come for the company to go public.

However, before the listing, he still has a few things to do, one of which is to complete the R&D funding required for Tengfei New Energy in 2023.

Another thing is the preparation for the official opening of the North American Gigafactory.

This is probably the last time he will raise money for Tengfei New Energy. After 2023, Tengfei New Energy will finally turn a profit.

It has to be said that this is a major event that the entire Tencent Group, including himself, has been looking forward to for seven whole years.

From the day it was founded, which was at the beginning of 2016.

Tengfei New Energy will allocate over 40 billion yuan annually for support.

Currently, his most valuable stocks are Google (1%) and Nvidia (2%), which has fallen to rock bottom.

Chen Pingsheng made a decision that no one could understand: he cashed out all of Google's steadily rising 1% stake.

Based on Google's current stock price, this 1% could potentially net $150 billion.

That's 1120 billion RMB.

The reason for this cash-out is twofold: firstly, to make up for the full amount of R&D funding for Tengfei New Energy in 2023.

The second point is more controversial: using the remaining 720 billion to increase the stake in Nvidia.

When everyone else is selling, he buys.

Based on Nvidia's current share capital, $3500 billion is equivalent to 24000 trillion yuan.

He used 720 billion to increase his holdings, which should increase it by about 3%.

Adding the existing 2%, that makes 5%.

This really means they've gambled all their cash on Nvidia during its downturn.

He still firmly believes that AI (Artificial Intelligence) is the future.

He's willing to gamble over 70 billion yuan for this, and if he loses again, he won't trade stocks for five years.

If we make a profit, we'll talk about it later.

Anyway, once Tengfei New Energy turns a profit and Tengde Times goes public, their family will be free of any pressure.

The remaining question is how to enhance the family's heritage.

Among the domestic private enterprises, there are very few, less than ten, that are better than him.

There are absolutely no other people with more cash than him.

He can always come up with over 200 billion yuan in cash.

(End of this chapter)