The Birth of Shanghai's First Conglomerate

Chapter 690 Cashing out 30 billion US dollars

Mid-November.

Chen An'an worked hard to prepare for the college entrance examination and even wrote inspirational quotes on her desk.

If I don't work harder, all I can do is go to Harvard.

When the other female classmates saw it, they spat out a word of disgust and secretly complained, "What kind of inspirational quote is this!"

Is it a new term for the 21st century?

"An'an, which university do you want to apply to?"

"Any of them is fine, as long as I pass the exam based on my own ability."

Chen An'an tilted her head and thought for a moment. She actually wanted to go to university in Guangdong. She had been in Beijing for six or seven years and in Shanghai for almost ten.

Of the four super first-tier cities, Guangdong is one of the few I visit.

Once she gets to university, she can work summer jobs or intern at large corporations.

"Don't you want to study at a university in Shanghai?"

"Not really, I want to go to university in Guangzhou..."

"Okay, actually I'd really like to go to university there, but I'd rather be a star. Do you know how to become a star?"

She knew all too well that none of the top celebrities in the entertainment industry today were not promoted by her family.

Chen An'an looked at her high school best friend Jiang Tang and said, "Why would you want to become a star? That's not a big industry!"

"Of course, it's faster to make money as a celebrity. You can easily earn millions for just one movie. If you were to work for someone else, you probably wouldn't earn that much in decades."

Jiang Tang continued, "You know, my parents are just ordinary office workers. They leave early and come home late every day so that I can study in high school in Shanghai. As a result, apart from you, none of the local girls play with me."

Why do you care about them?

Chen An'an was already used to this phenomenon; the locals in Shanghai have a strong sense of superiority that hasn't changed in decades.

"Filming can indeed be quite lucrative, but nowadays, you can earn 20,000 to 30,000 yuan a day by making a good short drama. The entry barrier is also very low. When you go to university, you can try making short dramas to earn money."

"Really?" Jiang Tang was happy at first, but then she became a little sad. Although some bored boys had made her the number one commoner school beauty in high school, it was really useless.

It's just that some guys often try to show off in front of her.

"An'an, which university do you apply to? I want to go to the same one as you."

"There's no need for that. With your grades, you could easily get into a 211 or 985 university in Shanghai."

"I don't want to go to university here, and you can probably guess why."

Chen An'an could indeed guess that it was simply because students from other places weren't very popular here.

The situation is much better in Guangdong, since wealthy people there usually go out in flip-flops and tank tops.

Even with navigation, it's hard to find a restaurant in Guangdong. People from Guangdong are known for their low-key nature.

They also really enjoy drinking tea there.

"Alright, let's apply to the same university. If you still want to make money after you get to university, I'll introduce you to short dramas. The income will definitely be good."

"Okay." Jiang Tang replied happily. She always felt that Chen An'an, who didn't have a family background, must be extraordinary.

At least the famous and top-tier second-generation kids in the school would stop and nod in acknowledgment when they saw her, and only leave after she had passed by.

If she didn't have a powerful family background, Jiang Tang would never believe it, not even if you beat her to death.

Time flies, and a year has passed in the blink of an eye.

During the Spring Festival, Chen An'an also returned to Wangcai Village with her family to conduct an ancestral worship ceremony at the Chen Family Ancestral Hall.

That was quite a grand gesture. You have to understand that at this time 22 years ago, her father donated 15 billion yuan to Wangcai Village to help everyone build big villas.

In addition, her father hadn't been back to the village for many years, so when he returned this time, the village was covered with red lanterns for miles around.

Every household hung a welcome banner at their door.

The village, including the town and the county/city levels, is full of big shots.

The motorcade returning home was extremely luxurious, a typical example of returning home in wealth and honor. On the day of the ancestral worship ceremony at the Chen Clan Ancestral Hall, fireworks filled the sky. The Chen family, who used to be from a small village called Wangcai, had long since been upgraded to one of the top wealthy families in the country.

Every family with the surname Chen has at least ten million in assets; even if they don't earn that much, they have a family fund to receive annually.

In addition, the elder sister's two daughters, Xiao Ya and Xiao Le, were all assigned to the Chen family's kinship line.

They arranged marriages in the name of the Chen family to pave the way for future career advancement.

The full rise of a family requires not only a good leader, but also a history of struggle spanning a century.

There is no doubt that the Chen family started with Chen Pingsheng, but no one knows who will ultimately succeed them.

But it's definitely not at its peak yet.

Twenty-three years later, the river of history flows on.

The effects of the illness have completely faded away, and the domestic economy is constrained by the slump in the real estate industry, but the AI ​​industry, especially tech giants, seems to have been unaffected.

In September 2024, Nvidia's market capitalization actually exceeded three trillion US dollars.

This is simply unimaginable. We thought that one trillion US dollars was its peak, but who knew it would actually reach three trillion US dollars.

Chen Pingsheng, who is Nvidia's largest personal financial investor, has made a fortune.

It can only be described as unbelievable.

Even he himself couldn't understand why the price had risen so much, and Chang Fu cried and wailed again.

It's worth noting that Nvidia's market value dropped to over $300 billion in 2022.

At that time, he even laughed at Chen Pingsheng, saying that he had lost more than 80 billion RMB in just six months.

However, Chen Pingsheng himself spent another 1200 billion to buy at a low price during the downturn.

That's why we have today's outcome.

If he had followed suit and emptied his savings to buy, Chang Fu would be a minor billionaire today.

What a missed opportunity to get rich quick!

Gao Hu was quite good; he also traded stocks, buying whatever Chen Pingsheng bought and selling whenever Chen Pingsheng sold.

Over the course of several years, all the previous debts were completely paid off.

Chen Pingsheng's wealth far exceeded his and Chang Fu's understanding; there was no need to even consider his assets in other sectors.

His Nvidia shares alone have given him a market value of over $1200 billion.

Let alone becoming the richest person in China, at this rate, he could even become the richest person in the world.

It has to be said that the moment Nvidia's stock price reached two trillion US dollars, more and more important figures began to visit their home.

When it reaches three trillion US dollars, all we can do is feel envy, jealousy, and hatred.

Of course, most people admire and respect them greatly.

In 24 years, Chen Pingsheng achieved legendary status in investment.

In September 2024, Chen An'an was already diligently preparing for the college entrance examination.

But then some truly earth-shattering news came from the capital market.

Tencent Capital, the largest Chinese-owned investment firm on Wall Street, announced that it has cashed out 1% of its Nvidia shares.

The news caused turmoil in the stock market. Tencent Fund was founded by overseas Chinese Chen Pingsheng.

Until now, he has been remotely directing the capital investments from Shanghai, China.

Over the past eight years, it has become the largest overseas investor in companies such as Microsoft, Google, and Tesla.

Now it has become Nvidia's largest shareholder.

Just like its current 68-story headquarters building, Tencent Holdings stands out like a shining pearl on Wall Street.

Cashing out 30 billion US dollars in one go is beyond imagination.

(End of this chapter)