The Birth of Shanghai's First Conglomerate

In September, a gentle autumn breeze blows.

Chen An'an has started her second year of high school, and her second daughter will soon be starting junior high school.

As for Xiao Le, who had already graduated from university, she was assigned to work at Kingsoft, just like her sister.

It's just that the organizations are different.

Even if you're sitting in the same office, don't think it's just a difference in salary; the class gap is becoming increasingly apparent.

Xiao Le was assigned to the investment promotion department, which was specially arranged by Chen Pingsheng. The investment promotion department is mainly responsible for investment promotion strategies and plans, as well as market research and analysis.

Another aspect is customer development and maintenance.

It's not that the second generation is necessarily more capable than the average person, but their natural advantages are indeed too obvious.

Xiao Le quickly became adept at this, mainly because she had studied under Chen Pingsheng for three years and spent three years at Tengying Group.

The connections here are far beyond what ordinary people can compare to.

This is the main reason why top investment banks like to recruit second-generation rich kids; for ordinary people, building that kind of high-end network is as difficult as climbing to the sky.

The second generation is different; they start interacting with all sorts of circles from a young age.

9 month 2 number.

To help Tencent Media reach a market value of 500 billion.

Chen Pingsheng sold his 1% stake in Douyin to Tencent Media for US$30 billion.

If it were given the right to be both referee and player, TikTok's valuation this year would be $300 billion.

The 1% stake was also sold to Tengyou Media at the standard price, and Tengyou Media also raised funds by issuing new shares.

With three billion US dollars in hand, Chen Pingsheng donated another 1.5 billion US dollars to three top universities in Shanghai.

He fulfilled his promise, which had lasted for twenty years, to donate no less than 10 billion yuan to Shanghai every year.

It goes without saying that funding is absolutely essential for a university to become a top institution.

The most important sources of funding are local subsidies, national policy support, and donations from all sectors of society.

Among these, donations from members of the public saw the biggest change.

This year, Lei Jun donated 13 billion yuan to his alma mater and established a gifted class named after him, which shows how influential he is.

Chen Pingsheng did not deliberately promote himself, and all donations were made not in his personal name, but in the brand name of Tengfei New Energy Vehicles.

At least in the Yangtze River Delta region, the commotion is enormous.

Moreover, his $15 billion was received in a lump sum, without any installments.

After the donation and stock sale were completed, his secretary, Zhang Wanyi, came to see him.

They proposed to acquire a fruit-themed novel website under Douyin to expand into the short drama content market and improve their own content offerings.

Short dramas have been developing since 16, and their quality has gradually improved from the earliest silly short dramas to those of this year.

It can be said that there is a strong trend towards the short and concise style of Korean dramas.

This year has seen the release of a series of high-quality, hit short dramas.

A large number of high-quality short dramas, such as "Holding the Pen", "The Palace Maid's Rise to Power", "Marrying the Crown Prince", and "The Rise of an Imperial Concubine".

Based on market analysis and judgment, short dramas are leading the way in the lower-tier market and their momentum is unstoppable.

The characteristics of short dramas are very obvious. They are entirely plot-driven and have a very fast pace. Compared to long TV dramas that drag on for tens of minutes without telling any plot, short dramas are far more effective at attracting viewers than traditional TV dramas.

The reason it hasn't achieved widespread adoption is simply because many people haven't had the opportunity to experience it.

Let's put it this way: if TV dramas don't change, they will inevitably be gradually eliminated by the rapidly developing short dramas, like a frog being slowly boiled in water.

If movies don't change, short videos on TikTok can easily make them question their existence.

Zhang Wanyi's judgment was quite correct; future entertainment will mainly focus on short, fast-paced videos, including short dramas.

This is closely related to the pace of modern life. After a long day at work, who has the patience to watch you dawdle and act?

Especially when they're inflating prices wildly in order to make more money.

Tencent Entertainment will certainly maintain its basic investment in TV series and movies, but it will also increase its investment in short drama development and APP.

Currently, there are only two major players in the novel content market.

One company is owned by Tencent, with a market value of tens of billions, and the other is owned by Douyin Group.

Zhang Wanyi hoped that he could be the one to negotiate the content acquisition.

If she went by herself, they probably wouldn't agree at all. But Chen Pingsheng is different; he'd give her face for this small business.

Chen Pingsheng flew to Singapore with Zhang Wanyi so he could personally meet with them there.

This is still very important for Tencent's entertainment business as a whole.

In particular, the influencer industry can further deepen its reach through short dramas.

Otherwise, ordinary internet celebrities rise quickly but disappear even faster.

This is fundamentally detrimental to long-term gains.

Chen Pingsheng also has many businesses in Singapore. He is just here to take a look. Zhang Wanyi will have to negotiate the specific cooperation herself.

It has to be said that short videos have truly changed the future entertainment ecosystem of the entire market.

This was something he hadn't expected before.

Time passed quickly, and a week later he returned from Singapore.

Zhang Wanyi got the result she wanted, spending 120 billion to complete the acquisition of controlling stake.

The two companies will be partners in the future. Free novel websites will be doomed if they lose the support of Douyin's traffic.

There's simply no room for growth, let alone significant profit margins.

This is also the main reason why a 100% acquisition is absolutely not possible.

Chen Pingsheng decided to bring her here after checking out the current quality of the short dramas.

As soon as he returned, Xiao Le came to find him. There was a scenic spot in Jinshan that they wanted to develop into a tourist attraction, with an investment of no less than 20 billion yuan.

Ask him if he has any ideas.

The location is quite good, with beautiful scenery including mountains and water.

The lakeside path between the two mountains is especially beautiful.

Turning it into a tourist attraction is, frankly, not very realistic.

The main reason is that the tourism industry is not very good right now. When people come to Shanghai, the first thing they think of is going to the Bund.

Who would think of making a special trip to Jinshan for tourism?

If you spend a lot of money to build some cliffside guesthouses, or even more money to build six-star luxury hotels on the mountainside, and combine them with some natural scenic tourist facilities, you can still attract some young people to come and spend money.

However, the return on investment will undoubtedly be shockingly low; it might not even be possible to break even in fifty years.

Simply put, this is clearly not a successful investment project.

Chen Pingsheng took his wife there to take a look first, and also called his two children, Da Pi Wa and Er Pi Ya, to come along.

He still remembered that Big Paw Kid used to really want to buy a mountain and build her immortal cultivation cave.

Those already developed five-star mountain scenic areas are definitely not available for purchase.

Such undeveloped natural resources are worth buying, but the investment would be far greater than one can imagine.

Without investing tens of billions in this, it simply cannot be developed.

The natural lake between these two mountains is truly breathtaking.

Erpiya was so happy that she wanted to buy it all and build her own immortal cultivation cave halfway up the mountain.

Big-Pee Kid also thought that this kind of place would be perfect for retirement.

Chen Pingsheng then hired a top-notch design team to conduct an on-site survey to determine the cost of building several hillside villas with hidden features.

In addition, how much would it cost to fully equip the facilities?

His plan is to build a world-class luxury hillside hotel, along with several unique rooftop villas. This series of investments will certainly cost tens of billions.

However, he now has enough money to fulfill all the sisters' wishes.

Rather than turning this place into a half-dead scenic spot, it would be better to develop it into a tourist attraction配套 (supporting) the Tengying Group.

Such land is neither in the city center nor in a bustling area, making development extremely difficult.

Anyone would know that if you throw money into this, there's a high probability you won't get much return.

Land prices are very cheap, as long as there are investors.

Of course, the prerequisite for acquiring the land is that Kingsoft approves your development plan.

Chen Pingsheng plans to invest 380 billion yuan to build a six-star luxury villa on the hillside here.

In addition, there will be a series of supporting entertainment facilities.

These days, having someone to invest in you is the biggest advantage, not to mention that he's throwing in billions of dollars.

The plan was quickly approved at Kingsoft, and Xiao Le, as the middleman, deserves credit for this.

Everything between these two mountains is still the best gift he could give to his wife and children.

The development cycle, from land acquisition to completion, is impossible in less than three to five years.

It is expected to be fully developed by 2028, and this is the first five-star scenic spot he has built for his home.

The little guy isn't even old enough to take the driving test, but he's already learning to fly a helicopter.

Chen Pingsheng specially spent 2.2 million yuan to order a pink helicopter for her.

They have more money in their house than they can spend; it's a classic case of the more they spend, the more they have.

Similarly, he also spent 3.6 million yuan to order a super-sized yacht for Erpiya and placed it in the port of Shanghai.

I'm preparing this as a gift for her when she graduates from elementary school.

The family owns three or four superyachts, two or three private jets, and countless houses.

There was no other way; after Tengfei New Energy turned a profit, his pressure was greatly reduced.

The future depends on how well Tengfei AI performs.

By the end of September, Chen Pingsheng had developed the Tengying high-end community for his employees for the fourth time.

The investment amount is no less than 40 billion yuan, and the plan is to build 100,000 units at once.

Completely meet the housing needs of Tengying Group employees.

During this period, a major event occurred: two top tycoons from Hong Kong, along with several bigwigs from Shanghai, called on him to jointly develop longevity medical technology.

Whether in ancient or modern times, at their level, there is only one greatest natural enemy.

That is human lifespan.

Many Hong Kong tycoons, including Li, have invested countless sums of money in this medical field, which is one that is never publicly disclosed.

The greatest fairness in the world is birth, aging, illness, and death. Once this fairness is broken, it's hard to imagine what will happen.

But it's clear that this fairness will one day be broken.

If Chen Pingsheng hadn't reached this level, he probably wouldn't have been able to get involved in this field. In fact, he started getting involved a long time ago.

According to his understanding, it's not a big problem for the super-rich to extend their lifespan by five or even ten years.

Who knows what will happen if things continue to develop this way?

If he wanted, he could secretly support several such top-tier medical projects.

They can even share the spoils with other tycoons.

To be honest, he was quite tempted.

The idea that ancient emperors developed elixirs of immortality was a complete hoax, but modern medicine has advanced for so many years.

The super-rich can maintain their vitality by getting organ transplants, including blood transfusions.

He's so rich, it's understandable that people want him to participate.

Chen Pingsheng hadn't made up his mind yet, but he still agreed to contribute a portion of the funds each year.

It's probably in the billions.

These kinds of projects don't yield results in a year or two; they take at least eight or ten years, or even longer.

Immortality is certainly impossible, but extending lifespan is not a problem.

As his business grew, many of the world's secrets were gradually revealed to him.

Just like this kind of research and development supported by the super-rich, it will never be released to the public.

This is clearly a common secret among the wealthy, including many types of cancer. Ordinary people will certainly die, but the wealthy have a chance of survival.

The topic of immortality and extending lifespan is a closely guarded secret within this circle.

A series of problems have accompanied this, and countless crimes have also been born.

For example, the buying and selling of organs.

The more I learn, the more I feel that fairness will be further eroded in the future.

This is entirely inseparable from the boundless development of science and technology.

He even went further, believing that the destruction of Earth must be related to immortality.

This is a temptation that no one can resist.

Of course, that's thinking too far ahead; he certainly wouldn't live to see that day.

Even if this thing were actually developed, it would never be released to the public.

He only spends billions every year to buy a small opportunity, and mainly because this amount of money is no longer a big deal for him.

He is indeed that rich.

As he became wealthier, the company's treatment of him improved.

Leaving aside salary increases, the various perks and benefits are truly unimaginable.

Tengying Group has built too many employee welfare centers in Jinshan, including resorts, five-star hotels, hospitals, schools and so on.

Everything is available.

He even went so far as to plan to spend 30 billion to build the world's largest ocean cruise ship.

These cruise ships are also called floating cities; they are incredibly large.

Compared to a typical superyacht, this cruise ship is simply a behemoth.

For an average person, a single ride would cost at least several hundred thousand yuan.

The main reason for this is that he earned too much money this year and really didn't know what to do with it.

The 1% stake in Google that was acquired for over 70 billion dollars has now grown to a market capitalization of 1.8 trillion US dollars.

Not only did Microsoft make a net profit of 50 billion, but it also saw a surge in its stock price this year. Nvidia's performance was even more remarkable.

Not only did it exceed a market capitalization of one trillion US dollars, but it also reached an absurdly high of 1.6 trillion US dollars.

He owns over $640 billion in Nvidia stock alone.

Including other stocks, it's over $100 billion.

This doesn't even include his domestic industries; he's so rich that he can spend money entirely based on his mood.

The main reason is that I really made too much money this year.

He was absolutely right; the AI ​​industry is booming.

Based on this situation, Nvidia's value could potentially reach three trillion US dollars in the future.

With so much money he makes, what's wrong with him building himself a city on the sea?
So what if we buy a few mountains and build world-class hillside luxury hotels!
(End of this chapter)