The Birth of Shanghai's First Conglomerate

Her older sister's room is bigger than hers; it could almost fit three tiny girls in it.

Erpiya quietly walked over. Chen An'an was still sleeping. It was August, still summer, and the temperature outside was quite hot.

It was still very cool inside.

The older sister's two long little legs were stretched out. Erpiya went over and called to her sister, but she ignored her once and twice.

The third time was different. Her sister glared at her and said, "What are you doing here so early in the morning?"

"Sis, my concert yesterday went pretty well, didn't it?"

"Great, very good. A newbie has snuck in from a group of experts."

"Who is this 'little newbie'? Tell me, and I'll have the big, big, big company fire him right away."

Erpiya was filled with righteous indignation.

"Are you really not understanding or are you just pretending not to understand?"

Chen An'an said, "Although your parents don't object to you spending money on activities you like, you should at least put in a little effort. You've invited so many top dance troupes, and you're just standing there shaking your leg. You should at least practice a few moves!"

Okay... I have to admit, she was careless.

I should have learned more Latin dance. When I opened the short videos, they were all about her.

This is completely different from my sister's concert.

"Sis... I'm only nine years old, we can't expect too much from me!"

"When you make a mistake, you like to use your young age as an excuse, but when you spend money, you never think that you are only nine years old."

"Okay... I admit I was careless this time. Is there any way to make up for it?"

"Making amends is easy. You see Chen Lu, right? He looks unhappy all the time. If you cheer him up, Mom and Dad will definitely praise you."

My younger brother, Chen Lu, is definitely the most honest person in the family, without a doubt.

Erpiya didn't like playing with him either; this little brother preferred to be with Su Xiaoxi.

However, she made a small mistake this time, so she can only play with her younger brother Chen Lu for a while.

After breakfast, Chen Pingsheng drove his red convertible Bugatti to the group headquarters.

Although the Bugatti couldn't fully utilize its strengths in Jinshan, with its top speed limited to 120 km/h, it still looked incredibly cool driving it in the summer.

When he arrived at the top of the group, Tang Jing sent him a video conference of the Tencent Group's global shareholders' meeting.

The purpose of the meeting was not anything else, but to discuss the path for Tengde Times to list in Hong Kong.

The IPO of Tengde Times has caused quite a stir.

The company, valued at 300 billion, was jointly established by two major Hong Kong conglomerates, including Tong Zelan and Shen Nanpeng, as well as four major mainland investment funds.

Chen Pingsheng will need to give up as much as 50% of his shares in one go, which means he will cash out 1500 billion yuan.

Of the remaining 50%, a large portion will be allocated to top engineers and core management.

They also relinquish their options in the form of stock options, and they need to work for Tengde Times for another eight years before they can officially receive them.

These are not dividend shares, but genuine listed equity.

It just takes eight years to get it. For example, if you can get 1% of the options, even if the stock price of Tengde Times never rises again during those eight years.

Eight years later, you can still cash out 3 billion RMB.

This is the greatest significance of going public, because it can truly make a group of people extremely wealthy.

Chen Pingsheng is definitely not a stingy person. He himself does not understand technology, but he is willing to give up equity worth 90 billion yuan to reward those core technical personnel.

It can be said that as long as these core R&D personnel can devote themselves to the Tengde era for the next eight years, it is all possible.

Everyone starts as a billionaire.

If they can build Tengde Times into a company with a market value of 500 billion or even 1 trillion, then they will all have a net worth of at least 1 billion. They can achieve absolute financial freedom through their years of knowledge.

This can be considered the greatest success.

It's important to understand that Tengde Times is not like Tengfei New Energy. It doesn't need any marketing; it only needs to continuously strive to advance its core technology sector.

Then you'll have everything.

The reason why Tengde Times was able to achieve such rapid success was mainly due to the success of the solid-state battery in the Longteng S900.

Along with this, their first million-dollar high-end car also became a success.

Next, we will aim for the 500,000 to 800,000 level.

In addition, their core cost advantages across the entire industry chain will soon be fully realized.

Both the newly released Z5 and D6 will achieve their core price advantage in the same price range.

It's fair to say that among products in the same price range, those cheaper than theirs are not as good in quality.

Other vehicles in the same price range cannot compare to them in terms of range, intelligent driving, and chassis tuning technology.

Not to mention their logistics services, which have been well-received by the market for many years.

As planned, Tengfei New Energy will officially usher in a sales boom in 2023.

By then, Tengfei New Energy will have no competitors other than Tesla.

Tesla's stock price has consistently been above $600 billion, which translates to over 4 trillion yuan.

With this successful cash-out of 1500 billion yuan, Chen Pingsheng has essentially recouped half of Tengfei New Energy's investment over the years.

It's important to know that Tengfei New Energy and Tengfei AI Intelligence will both be listed independently in the future.

With just one IPO, they can recoup half of their investment costs, not to mention the two more that follow.

Suddenly receiving hundreds of billions in cash, Chen Pingsheng was at a loss as to how to use it.

After he holds the global shareholder video investment conference, the money should be in place within three days.

He needs to plan carefully to figure out how to use this money.

Of this 100 billion yuan, 50 billion yuan will be retained by Tengde Times as R&D funds.

This is stated in the investment agreement; it's impossible for these shareholders to spend over 100 billion to buy half of his shares without leaving a single penny for the company.

The 50 billion yuan left in Tengde Times will ensure that it will not lack R&D funds for the next two to three years.

Once solid-state batteries are successfully developed, they will no longer require investment from shareholders in three years.

Tengde Times can still generate a considerable net profit.

The shareholders were willing to take this gamble because they trusted Chen Pingsheng personally.

Of course, the worst-case scenario would be that Tengfei New Energy would cover the losses.

It's not so bad that it's unacceptable to everyone.

Chen Pingsheng also needed to find investment opportunities for these hundreds of billions of yuan. He contacted Lao Wang to see if he wanted to sell his Wanda Plaza.

His price has always been set at 120 billion, as long as Lao Wang agrees.

He will complete the largest commercial real estate acquisition in China with full funding, and Wanda Plaza is also a gift he is preparing for his daughter to grow up.

Like her sister, Erpiya will also receive this largest commercial real estate deal from her family.

From now on, they'll live off billions in rent every year.

(End of this chapter)