The Birth of Shanghai's First Conglomerate

Chapter 697 Development of the Science and Technology Industry

It's difficult to say whether the ultimate development of the technology industry will benefit humanity or lead to its destruction.

Undoubtedly, it will continue to bring increasing convenience to the lives of ordinary people, both now and for the next few centuries.

However, while it will be convenient for most people, it will also replace traditional human resources.

For example, assembly line workers.

Tengfei Group has become a technological behemoth. Whether Chen Pingsheng likes it or not, its hundreds of thousands of top R&D engineers will keep pushing its artificial intelligence forward.

All he could do was provide adequate severance pay when Tengying No.1 laid off those traditional assembly line workers.

In addition, we will try our best to recruit more new technical jobs, the kind that AI robots cannot replace.

As times change, more and more people are starting to find flexible employment.

Food delivery, short videos, and ride-hailing services like Didi Chuxing can be considered the last refuge for those who are down on their luck.

Praising those who have lost out in these industries is nothing more than an attempt to cover up the fact that there is even more unemployment.

In addition to these, traditional contract manufacturers are also one of the ways to meet the needs of the large workforce.

From a very early age, Chen Pingsheng knew that the ultimate goal of technology was to liberate the workforce.

Replacing most assembly line production with technology is just the beginning; it is very likely to extend to industries with abundant human resources, such as express delivery, taxis, and food delivery.

The concerns raised years ago have come true.

Before the Chinese New Year, Chen Pingsheng cashed out another 0.5% stake in Nvidia, this time netting him $160 billion.

That's equivalent to 1100 billion RMB.

The money is mainly for the development of the Tengfei Technology Future University, which involves acquiring more than 2,000 acres of land, requiring at least 20 billion yuan to start.

In addition, the plan is to build a world-class science and technology university, which is expected to require between 30 and 50 billion yuan in construction funds.

This alone is enough to rival any top university in the world in terms of hardware facilities.

The remaining software infrastructure will require continued investment.

Just before the end of November, he visited his traditional business again.

Apart from short video companies, which still have considerable room for growth, other companies have already reached their ceiling.

In the future, the service industry will definitely remain the most popular employment option for children from ordinary families, if not the only one.

The group's development is already clearly visible, as the company grows to a certain stage.

Like a massive machine, it will only operate on its own, heading towards that unknown destination.

No matter how unwilling those students who study painting, including sketching, may be, a large portion of them have already been eliminated by AI.

The reason it hasn't generated a significant social reaction is simply because this group is still relatively small.

Moreover, families that can afford to support their children in learning these things are generally middle-class families, as middle-class families have a high risk tolerance.

If one doesn't work, just try another.

Once AI enters the ordinary people's lives, even Chen Pingsheng himself couldn't have imagined that he would be one of the main drivers crushing the middle-aged job market.

He had seen this trend before, but he never expected it to develop from his side.

……

December.

The last month of 2024 is about to pass by uneventfully.

After Chen An'an fulfilled Jiang Tang's childhood dream, Jiang Tang felt both happy and confused.

I even doubted myself in my heart about the plans and ideals I made when I was a child.

If it's something that anyone could accomplish with a flick of their finger, then what's the point of her setting such plans and ideals?

What does it matter how hard we work from a young age?

That's how people are; once they have enough desires, a powerful driving force will erupt from within.

This force will push them to keep striving in their predetermined direction until they achieve it.

But then one day, you suddenly achieve it.

This anger will then be completely released.

That's how it was with ginger candy. Chen An'an only used a luxury watch worth over 30 million yuan and a card with 2 million yuan in cash deposits to make her let go of her anger.

Ordinary people's ideals can really be bought out so easily.

Just like ordinary people's time, it can also be bought out.

Jiang Tang persisted in her studies for a while, just as enthusiastically as before, but a voice kept rising in her mind.

If the goals have already been achieved, what is the point of learning further?

Every day after the teacher finishes class, she spends half an hour reviewing or talking with classmates who have good grades.

Gradually, it became twenty minutes, ten minutes, or even five minutes.

Then it disappeared completely.

She spent more of that time on spending money or choosing pretty clothes.

You could also say they're slowly starting to enjoy life.

This might be seen as decadence or even a slow decline by ordinary people.

But in Chen An'an's eyes, this was just a normal phenomenon after the goal was achieved.

What outsiders call inspiration?

Does it mean studying hard, working hard, and working overtime?

Then buy a medium-sized steel and concrete house, and pay off a mortgage for decades?

not like this.

When faced with this kind of education, it can only be described as a helpless situation for ordinary people.

Chen An'an understood from a young age that even if one has no ideals in life, there are still many things one likes and can do that are more meaningful.

This self-assured and joyful lifestyle, once it comes to Jiang Tang, will prompt the teacher to say, "Jiang Tang, have you been dating recently?"

Don't relax, senior year of high school is the biggest turning point in your life.

They attempted to use persuasive language to encourage her to resume her previous efforts.

Only Chen An'an knew that she had unintentionally let go of the anger that Jiang Tang had always carried.

This also allows her to spend more time on herself.

Her father used to teach her that in the end, running a business often boils down to learning how to manage people.

The so-called "managing people" is definitely not like what is depicted in ancient TV dramas, where two ministers who do not get along are created.

Let them compete against each other.

This can only increase internal friction within a company indefinitely; the real way to manage people is invisible.

It can be driven by money, or it can be guided by a higher culture, including ideas.

All she can do now is use money to break Jiang Tang's past beliefs.

In business operations, this is also known as paying money to buy out ordinary people's time.

The next step is to reshape Jiang Tang's values, giving her new goals in life, and even a sense of meaning in her life.

The reason Chen An'an didn't tell Jiang Tang these things was because she didn't want to influence her with her own thoughts.

My own ideas are not suitable for her either.

Regardless of what outsiders think, she has been by her father's side for so many years and has already learned too many tricks.

They can also see psychological activities that are completely invisible to people of the same age.

Jiang Tang's grades have inevitably dropped, but no matter how much they drop, it shouldn't be a big problem for her to get into the same university as Jiang Tang.

Is it about making a living, or about constantly striving for self-improvement?

This is actually quite contradictory: ordinary people need to be motivated, while rich people need to live a good life!
Two completely different choices in life.

Chen An'an could be said to have forcibly changed Jiang Tang's fate.

If this weren't the case, even if Jiang Tang successfully got into her ideal university and then smoothly entered the large company she wanted to work for.

Through her continuous overtime work, she eventually earned an annual salary of one million. By then, she was probably around twenty-seven or twenty-eight years old.

Work a few more years to save up for a down payment on a house, and then pay it off for twenty years.

When she finally managed to let go of that anger, she realized that her health wasn't as good as it used to be!

You should go to the hospital for a check-up from time to time.

This is an inspiring life. Who dares to say she didn't work hard, and who dares to say she has always lived a happy life?

It's just that this idea has been realized ten years ahead of schedule, and a brief period of confusion is inevitable.

How things will change later depends entirely on how Jiang Tang changes his mindset.

Chen An'an, who could easily refute her tutor's values ​​at the age of six, can now easily understand the psychological activities of girls of the same age.

Knowing something doesn't mean you should use it, much less try to control others with your own thoughts.

She just sat there, like someone who didn't understand anything, helping Jiang Tang pick out cosmetics and pretty clothes.

Her younger brother, Chen Lu, is also a true master in the family; no matter who tries to talk to him, it's useless.

In short, he has a very honest and easygoing attitude, neither causing trouble nor trying to become an outstanding student in the class.

It doesn't matter what, even I, as his own sister, can't educate him.

Hitting... is possible.

With a single set of Mantis Fist techniques, he was easily made to stand at attention and spin around.

Chen An'an remained determined and worked hard to prepare for her senior year of high school.

Days passed by in a blur, and before he knew it, it was mid-December. Chen Pingsheng then went to Hong Kong.

Attended the annual economic summary conference of Tengying Group, hosted by Tengying Capital.

And determine the development plan for the following year.

In 2025, the group has confirmed that its core project will be the Tengfei AI smartphone. In addition, it will continue to develop in the fields of AI, new energy, and solid-state batteries.

Every meeting is attended by the same seven people they know, also known as the Seven Chiefs.

In addition, there is the Tengying Economic Research Institute, which invests over 5 billion yuan annually and focuses on researching global industrial development.

According to big data statistics, the mainland real estate market, including Hong Kong, will not truly stabilize until 2028.

Stabilization does not mean the market has recovered; it merely means that the decline has stopped.

The local authorities, including those above, will not allow it to fall below this stable line again.

The impact of foreclosed properties on housing prices will be completely brought under control by 2025.

If this isn't controlled soon, things will really get out of control.

Besides its existing research projects, Tengying Group's remaining focus is on investing in overseas markets.

Over the past three years, he has invested at least 60 billion yuan overseas.

He has owned businesses in Ireland and other countries.

Throughout 2024, semiconductors, AI, biomedicine, and green technology will be the core engines of economic growth in developed countries.

These aspects show that there are only a few industries that will truly have good development prospects in the future.

They are all related to the technology field, with pharmaceuticals and biotechnology being of paramount importance.

Tong Zhelan invested in a lot of pharmaceutical stocks, and Chen Pingsheng himself also made short-term investments in pharmaceutical stocks. The same goes for Shen Nanpeng, who is known as one of the few people in China's internet industry.

They all invested a lot of money in pharmaceuticals, but without a doubt, none of them built a super pharmaceutical company like Pfizer or Johnson & Johnson.

Even today, they know that there is still a lot of room for development in the future of pharmaceutical and biotechnology, and they cannot guarantee that they will be able to hit the mark next.

Admittedly, Chen Pingsheng himself is an outsider in the field of medicine.

His wife only started investing in this field in recent years, with nearly 10 billion yuan invested in the big health sector.

It looks like a lot, but it's really just that.

As for becoming a giant in the pharmaceutical industry, that's completely impossible.

Chen Pingsheng's own funds were not allocated in this direction.

They compile annual statistics on the economic growth rates of most developed countries worldwide.

And the development trends of core industries.

Other factors include relevant policies and competition.

Previous overseas investments could only be described as seeking progress while maintaining stability, prioritizing stability before development.

The biggest advantage of this model is its stability, but the disadvantage is that it takes many years for the profit margin and assets to break even.

It's far less risky and high-return than venture capital.

This is actually quite normal. Once capital reaches a certain level, the primary pursuit is definitely not exorbitant profits.

Rather, it's about the security and stability of assets.

This is the main reason why Li from Hong Kong has always been keen to invest in basic livelihood projects.

If we're talking about the richest person in Hong Kong, if Old Li says he's second, who dares to stand up and say they're first?

They've long since passed the capital accumulation phase; now they're focused on long-term stability.

These people are at this stage now.

Everyone agreed that stability should be prioritized for the next three years.

Chen Pingsheng personally allocated another 50 billion yuan for global investments in 2025.

The others also each contributed 150 billion. Where did they get this money? Anyone who can sit at this table earns billions a year.
Tong Zhelan called on him on Wall Street to short that new energy vehicle company together. After six months, they made a total of 62 billion US dollars.

Chen Pingsheng received 30% of the profits, amounting to 18 billion US dollars.

These are all profits without even incurring costs; he lent out tens of billions of US dollars worth of stock simply by providing a guarantee in his personal name.

Six months later, the company's market value had plummeted from over 50 billion US dollars to just over 20 billion.

With a drop of over 60%, it's natural to make a fortune under such circumstances.

He expects to invest 200 billion overseas over five years.

After the 200 billion plan is completed, subsequent investments will begin to pursue exorbitant profits.

That is, to start doing big-capital venture capital again.

Making money by buying and selling companies listed overseas.

Small projects are more profitable, but they are too hard to find.

Masayoshi Son has become the investment guru of the world after investing in Alibaba.

I wanted to throw out another Ahri, but decades later, have you seen him make that shot again?
Chen Pingsheng was able to successfully invest in companies such as Tesla, Nvidia, Google, and Microsoft in their early stages.

The main reason is that this is what he does himself.

Naturally, he knows this industry inside and out.

He knew the pharmaceutical field was about to explode back in 18, and its future was unstoppable.

It belongs to one of the most profitable future industries.

I've invested in dozens of companies, and look, one of them, Tesla or Nvidia, has emerged.

He has invested in many companies, but the returns were not good, so they were not specifically reflected in his financial statements.

Even someone as powerful as he is now, if he invests in industries outside his knowledge, it's like a blind man pointing at a lamp, groping around aimlessly.

This is reality!

He also made a lot of money investing in new energy, including AI.

The others are just so-so.

There are no so-called investment gods; it's just a matter of making the most probable choices when you have a certain amount of capital.

He has invested in at least fifty large pharmaceutical companies.

Those who escaped were few and far between, if not nonexistent.

(End of this chapter)