The Birth of Shanghai's First Conglomerate

Chapter 667 Low-End Connections
The eldest daughter started inheriting the family business at the age of fifteen.

This means she will be officially independent and will no longer rely on her family to adapt to the outside world.

Chen An'an's ability to inherit Tengchao Business Management before even starting high school is undoubtedly due to her current understanding and sensibility.

Erpiya was incredibly envious; she also longed to inherit such a super company with a net worth exceeding 100 billion and annual rent of 3 to 4 billion.

This also means she has more money than she could ever spend in her lifetime.

Even if she spends money like crazy, it would be quite impressive if she could spend over a billion yuan a year.

If we don't invest the 3.4 billion yuan we have each year, and don't engage in large-scale entrepreneurship, we could never spend it all.

Erpiya wants to hold a grand concert like her sister, but she doesn't have many talents.

I decided to learn Latin dance.

When others learn Latin dance, they get up early to practice leg exercises and then practice dancing in the evening.

She learned to dance, and apart from some incompetent teachers, there wasn't much else to it.

The first female teacher who came to apply was incredibly young and beautiful, and had even won an award in an international Latin dance competition.

When Erpiya invited her to her home to teach her, she almost broke down.

Erpiya asked, "Can you teach me to be just like you in three days?"

The teacher said, "That's definitely impossible. Learning to dance takes time."

"Okay... I'll make an exception and give you five days."

Five days later, Erpiya's chubby little body was twisting around in a really awkward way.

This is definitely not her fault; it's because the teacher taught so poorly.

With a wave of her hand, the first female teacher left.

Before leaving, he gave me a reward of 800,000.

Latin dance teachers of her level usually charge by the day.

Erpiya didn't care about money at all; what she cared about was that, despite her exceptional talent, she hadn't learned it in five days.

He touched her little chin, and then started pacing back and forth with his hands behind his back.

“This teacher is no good. You need to bring home an even better one right now.”

Here comes the impressive one: an international Latin dance champion, who is also a female teacher.

The postures of those who dance Latin are very standard, just right.

This time, Erpiya started to learn seriously and finally came to a conclusion: it wasn't that the teacher was bad at teaching, but that she herself wasn't suited to Latin dance.

If a fat chicken can't wiggle its butt and wants to hold a concert, it needs to have some special talent like its sister.

My older sister is a violent person who has been learning martial arts since elementary school; dancing and playing the erhu are her specialties.

Because she has a good foundation, she learns everything quickly, which is something she doesn't have.

I never imagined that organizing a small concert would be so difficult.

Erpiya started to change her mind. Since learning to dance wasn't working, were there any dance moves that looked good just by standing there and swaying a bit?

Since the problem cannot be solved, then we should just try to solve it.

Erpiya said with a wild idea, "My older sister got the inheritance by holding a concert, so I have to find a way to do the same."

She's not good at dancing, but she can still shake her legs without much trouble.

She immediately burst into laughter after simplifying the task.

She also asked Zhang Qi to hand her a list of celebrities to see which stars to invite.

In order to adapt as quickly as possible, she also decided to practice a bit before holding a fan meeting during the summer vacation.

……

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

After receiving the assets from her family's Tengchao Commercial Management, Chen An'an felt immense pressure. She then took a car to her own Anle Group.

The people here don't look down on her because of her young age.

From the first floor to the top floor, everyone who saw Chen An'an walking towards them would stop and call out "President An'an" as a sign of respect.

Chen An'an would nod slightly in response. Once she reached the top floor, she found the CEO's office to be very large, containing all the necessary office facilities.

From the floor-to-ceiling windows, you can see most of the Tengying Group at a glance.

Not far from her neighbor is her aunt's cheongsam group. Most of the businesses in this area are more or less related to her family.

Chen An'an started acting as a mini-CEO from a young age, and only now, after growing up, is she truly beginning to act as an independent CEO.

Shen Youwei tidied it up for her; AR has already opened quite a few stores in Shanghai.

This kind of business doesn't have a very high prospect, but it's not too bad either.

With the Tengchao Commercial Management she inherited, she certainly can't be satisfied with just one AR business.

Chen An'an wanted to increase her opportunities for training, so she said, "Sister Youwei, what do you think about us starting an Anle Investment Fund?"

"Investment funds? Doesn't your dad own many of them?"

“My dad does have a lot of investment funds, but we can start small first.”

Chen An'an said, "I just want to know more about how people start businesses these days."

"That's a good idea, but investing isn't easy. Nine out of ten investments will lose money, which is considered good."

Chen An'an tilted her head and thought for a moment. She wasn't too afraid of losing money now; her main concern was accumulating experience.

We will analyze the entrepreneurial methods and experiences of various investors.

That couldn't be better.

Chen An'an acted immediately, officially registering a small Anle Investment Fund.

I won't invest in very large projects; I'll invest in small physical businesses, including small internet and short video projects.

Once she had everything ready, she officially began the public announcement.

What this society has no shortage of is people with ideas, but often many of these people are short of money.

This is where the significance of investment companies comes in.

To make investments, you need three things: connections, foresight, and capital.

The reason why I put connections first is that many excellent projects originate from entrepreneurs in high-end circles.

These people often start by asking acquaintances for investment, and if you don't even have these basic connections...

Entrepreneurs who go out on the street and can't even write a proper business plan, and who go around asking people for money.

The success rate is definitely lower than one in a thousand.

Take Lei Jun, one of the most famous angel investors in China, for example. He has a primary criterion for making investments.

He only votes for people he knows or people introduced by friends. He won't listen to what strangers have to say, nor will he waste his time on them.

Many successful angel investors first find projects based on their personal networks.

Then comes the test of one's judgment.

It's obvious that Chen An'an lacks this kind of entrepreneurial network.

She was surrounded by her father's connections, who were all well-known entrepreneurs in the country.

As for ordinary entrepreneurs, even if you reach the point of going public, it's still very difficult to meet her parents.

Unless you can run a listed company with a value of over 10 billion, you won't have the opportunity to come to his father's place for a meeting.

I remember when I was having a gathering with Mr. Ma and his friends. Even though the founder of New Oriental was quite powerful, he could only serve dishes and pour water in those kinds of settings. He had to watch people's expressions if he wanted to say a few words.

Even bosses have their own circles.

Her father was at the very top, which is why she was able to own her own Anle Group at the age of 15.

It also has its own Anle Investment Fund, and is backed by Tengchao Commercial Management, which has net assets of 1200 billion yuan.

Undoubtedly, Chen An'an has a vast network of high-level connections.

She didn't know a single person in the low-end startup circle.

All of these aspects need to be accumulated from scratch.

(End of this chapter)