The Birth of Shanghai's First Conglomerate

After Chen Pingsheng called Lao Wang, the result was still that Lao Wang disagreed.

Old Wang is still pushing for the final stages of the IPO process, and he is well aware that the Wang family has clearly offended some powerful figures.

This led to a series of twists and turns. Business is hard to describe; when things are going well, everything goes smoothly.

If things don't go well, there will be a lot of people who will kick you when you're down.

If he encountered such a situation, he would definitely go outside immediately.

So much money invested overseas isn't just for nothing; it's both a way to make money and a way to exit.

Of course, the main reason why the Wang family encountered such a situation was because they had too much debt.

In the past, we relied on bank loans to expand outwards. If a loan went wrong, it could easily cost us half our lives.

In the domestic real estate industry, apart from state-owned capital, there are probably only two private entities that are truly respectable.

One is Li, who decisively sold off his Hong Kong assets in 15, and the other is Pan Shiyi, who also sold off his mainland assets in 15.

These two were the most decisive and left at the most opportune time; the others were not so good.

As for Chen Pingsheng himself, he sold off most of his family's properties in 2016 and 2017.

What's left are those commercial properties that collect rent from their own owners.

He also made a lot of money in real estate investment, mainly because he got in early enough. If he had waited two or three years, it wouldn't have been a matter of making money.

It's not that it's expensive but unavailable.

"Secretary Tang, what's the best way to invest my hundreds of billions?"

Tang Jing was stunned. This was a question she could only answer; she didn't even have a small goal of 100 million.

"Boss, I think you'll still invest in the AI ​​industry, right?"

"You're right, I do indeed plan to increase my investment in the AI ​​sector."

Chen Pingsheng turned on his computer and checked; Nvidia was still stuck at over 300 billion US dollars with little progress.

As for Tesla, its valuation has also dropped to over 600 billion US dollars.

He doesn't seem to be able to find a suitable investment channel for the time being, and it seems a bit too much to increase his holdings in Nvidia.

If it goes up, that's fine; if it doesn't, he'll really lose a lot of money.

He currently owns 5% of Nvidia shares.

Despite some hesitation, they still added another $30 billion, which is roughly a 1% increase in holdings.

In addition, another 70 billion RMB was invested in Google, which translates to a 1% stake.

The biggest advantage of investing in these large-cap stocks is their stability; they are bullish in the long term and stable in the short term.

What he wants now is a long-term bullish outlook; Google's market value has already exceeded one trillion US dollars.

It would take 70 billion to get back about 1% of the shares.

If this happened in the domestic stock market, it would easily cause several stocks to surge more than fivefold.

He can definitely make money as the bookmaker; it's just that he's a bit unscrupulous when he exits the position.

A large number of retail investors will have to foot the bill for this. Simply put, if he were to make this money in China, at least 100,000 or even 1 million retail investors would have to pay for it.

Many market manipulators in China do this, completely exploiting retail investors like韭菜 (leeks, a metaphor for being easily exploited).

Chen Pingsheng wouldn't do such a thing, nor would he have any need to.

Therefore, he will not invest his large sums of money domestically.

I only use a small amount of money to play the domestic stock market.

He didn't have much use for the remaining billions of dollars.

They plan to use this money to build another Tengying villa area, with more than two hundred villas, which is simply not enough for the Tengying Group's senior executives to distribute.

Time flies, and in the blink of an eye, it's mid-August, and news broke that Tengde Times had officially gone public.

It still caused a huge uproar in the domestic market. You should know that when he acquired this factory, it was worth less than 10 billion.

Seven years later, the factory's market value has reached 300 billion, which has undoubtedly become another investment legend in the new energy era.

In particular, over the years, Tengfei New Energy has always adhered to not exaggerating its claims, letting the facts speak for themselves, and allowing customer word-of-mouth to spread.

There's a saying that goes something like this: it's not that they did a great job, but that their opponents collectively self-destruct.

They used concrete actions to continuously demonstrate the greatness of their decisions.

From the very beginning of supporting the new energy industry in China, there have been all sorts of preferential policies and subsidies.

Some clever people shuffle their money around, directly using empty trucks to fraudulently obtain subsidies from higher authorities.

There are even more impressive examples: cars made with PowerPoint presentations, which are hyped up online but become a joke when they're actually sold offline.

Some were even more outrageous; the car's founder didn't know how to open the car door even at the press conference.

It's an absolute joke. Some business owners even boast online every day that they are better than Tesla.

Their market capitalization is four trillion, but if market capitalization can't prove anything, global sales and user choices can't be wrong, right?

The exaggerated publicity and empty talk have ironically made Tengfei New Energy, which focuses on solid R&D and low-key production, incredibly popular.

The most popular department among users is the logistics department that Chen Pingsheng manages himself.

How should one describe his logistics department?
We will never shy away from problems. Users can file complaints online at will, as long as it wasn't orchestrated by our competitors.

If even normal online venting is no longer allowed, there will be far fewer negative news stories.

However, it may make some potential high-awareness customers feel that it is truly outrageous.

They resolve normal customer issues as soon as possible.

Of course, there have been some problems even after selling for so many years.

No car manufacturer can guarantee that its cars will never be involved in any traffic accidents.

One customer accidentally hit someone while using their intelligent driving system.

Although there was a reason for the incident—someone on a motorcycle suddenly appeared out of nowhere and sped away too fast—they still lost more than five million yuan.

Everyone else is entrusting their cars to the intelligent driving system they developed, so if something goes wrong, it will definitely be their problem.

The customer received a new car as compensation, while the person who was killed received five million yuan in cash.

When it comes to matters involving life, Tengfei New Energy's minimum compensation standard starts at three million.

If he is the breadwinner of the family, then five million is basically enough to guarantee the family a normal life for the rest of their lives.

They addressed the issue openly and honestly, although it sparked considerable online debate about the safety of autonomous driving.

They are much better than those car companies that immediately remove their car emblems after an accident.

By focusing on building quality cars and reliably protecting customer rights, positive customer feedback will naturally emerge over time.

There aren't really many business skills involved.

Chen Pingsheng never thought he was particularly smart; on the contrary, there were far too many brilliant minds in the industry.

Many of them also like to insult users' intelligence.

For example, some car companies have conducted tests that completely outperform a Rolls-Royce Phantom with a three-wheeled vehicle.

It's nothing more than using some self-righteous little cleverness.

It's like asking if a tricycle only has three wheels.

Rolls-Royce said no.

Okay, then I win decisively.

Such tests not only fail to bring good reputation to companies, but also make users feel insulted.

It can only be said that in the era of short videos, users' awareness has reached an unprecedented level.

It's definitely not something you can fool people with just any two advertising slogans from the 1990s.

Tengfei New Energy has changed several marketing department general managers.

Some people exaggerate and say they can sell straw for the price of gold.

Some people even claimed that they could upgrade Tengfei New Energy's brand to a high-end status within a year.

If you ask him how to do it, he'll spend an hour teaching you about brand positioning and brand marketing, but he won't mention the quality of the cars.

The most prominent characteristic of this type of person is their expertise in marketing; they brainwash customers through advertising.

Even if you build an ordinary car, he dares to claim it as the strongest in history.

Since he couldn't find a suitable general manager for the marketing department, he simply took charge of the entire external publicity for Tengfei New Energy himself.

This has led Tengfei New Energy to adhere to a low-key and pragmatic approach to car manufacturing over the years.

Absolutely no exaggeration, and certainly no false advertising.

This is actually closely related to his personal wealth. To put it bluntly, he already has trillions of dollars in assets. It's just making a car, so there's absolutely no need for him to use advertising slogans to trick you into buying it.

How much money can you make from this?

If you buy it and then secretly criticize him, he won't think it's worth it at all.

He just wants to build good cars in a down-to-earth way. His quality speaks for itself. If you like it, buy it. If you don't, go look elsewhere. He won't use any false marketing to induce impulsive purchases.

A car is a means of transportation for an ordinary family for several years, and it's not something to be taken lightly.

There is absolutely no room for deception.

(End of this chapter)