The Birth of Shanghai's First Conglomerate

Chapter 712 Eve of the Lunar New Year
On the eve of the Chinese New Year in 2026.

The market was filled with conflicting news, as if it were deliberately trying to distract An An.

The group was paralyzed in the short term, shareholders cursed, and even offline distributors began to complain.

A large conglomerate with over 50,000 employees suddenly shut down.

Without any warning or indication.

Ultimately, it all boils down to the succession of the second generation.

Chen An'an was sitting at home with guests coming from all directions. Even though she took out 2 billion to repurchase shares, she couldn't stop the stock price from falling.

It was only a brief surge.

Afterwards, it resumed its downward trend.

Regardless of the final outcome of the Snack Run, the fact that she is Chen Pingsheng's eldest daughter has become common knowledge.

Many of those who came to visit her were wealthy families from Guangzhou with well-known names.

These people were very humble, and even said frankly that they would do anything she needed.

These uncles and other members of their generation would help her without hesitation.

This is actually quite normal, considering that her father owns more than just a snack retail group.

Compared to SnackRun, whether it's First Chinese Capital, which is renowned globally on Wall Street, or Takefly New Energy, which has already sold its products globally, such as new energy vehicles, mobile phones, batteries, and AI, there are many other players.

Even with the much-discussed "Snack Run" from outside, including Tengyou Media in Guangzhou, whose market value has exceeded 500 billion yuan, it's just a small test for her.

These things are perfectly clear to people in the wealthy circle; it's just ordinary people making a fuss about them.

Of course, no major internet celebrity dared to stand up and criticize Chen An'an in the short video field.

It's a strange phenomenon that ordinary people can be insulted at will.

But anyone with even a little status remained completely silent.

They dare not speak out on this matter at all, and even if they do, it is only in a very positive and supportive way.

An'an was simply undergoing her own test; who with any status would dare to jump out and steal the spotlight, openly insulting and attacking her?

You'll find out if you survive the second episode of the short video.

If you dare to post in the morning, you should be prepared to disappear from the short video field by noon.

It will no longer have a place to hide on the entire internet.

This is actually quite normal. The internet may seem vast, but it's controlled by just a few people.

Such as Kuaishou, Douyin, Weishi, Sina Weibo, Toutiao, etc.

Real big capital can span an entire field.

An'an's father clearly has this kind of influence, so far no major financial blogger has dared to speak out on this matter.

There seems to be a lot of information online, but there are actually only two kinds.

One type is what others want you to see, and the other type is what others don't want you to see.

As for its so-called authenticity, that's a joke to the upper echelons.

The things that happen to ordinary people are true, though.

The events in the upper echelons are actually the result of a final power struggle.

When Chen Pingsheng called An'an and learned that she wouldn't be coming home for the Chinese New Year this year, he didn't say anything.

My daughter has grown up and has developed her own preferred lifestyle.

Fewer and fewer people will go home for holidays and festivals.

On the eve of the Lunar New Year, Chen Pingsheng visited the Tengfei Future Technology University, which he had invested over 100 billion yuan to build.

And the two most luxurious seven-star hotels on the two mountains in Shanghai.

There's also the world-class super cruise ship, custom-built with an investment of over 40 billion yuan.

Super cruise ships are something only the world's wealthiest people can afford.

The world's most expensive cruise ship cost 480 billion to build.

This is no longer a super mobile villa on the sea, but a city on land in the sea.

It can accommodate nearly 10,000 people at the same time.

Its luxuriousness can only be known by those who have experienced it.

Chen Pingsheng wanted to build it for two reasons. First, he had more money than he could ever spend. Second, he lacked nothing except a city like this on the sea.

When he gets old, he'll probably be able to travel the world on this super cruise ship.

Unlike superyachts, this thing doesn't rely on renting out for profit.

Super cruise ships can also generate revenue from tourism.

I inquired about the timeline, and it's estimated that the project won't be completed until August 2027, and it won't be officially delivered to Shanghai until October 2027.

The same applies to the Two Mountains Hotel; there are very few seven-star hotels in the world.

Especially those built between two mountains, their scale and level of luxury are simply unimaginable to outsiders.

Once it is officially completed, the price for even the most basic single room will be over three thousand per night.

The most luxurious suites cost no less than 28 yuan per night.

This is just the price for one room; there are also restaurants, conference rooms, and top-notch entertainment facilities.

It can only be said that, relying on Shanghai's economic status and consumer spending power, it can still slowly recoup its costs.

It just means the cycle will be infinitely long.

According to the Economic Research Institute's estimate, it will take about thirty years to break even.

Chen Pingsheng himself didn't care, as he wasn't short of money.

Nvidia's stock price has risen to four trillion US dollars, and it still has a market value of six hundred billion US dollars in that stock.

That's equivalent to 400 billion RMB.

Four hundred billion, and the kind that can be cashed out at any time, do you think he would be short of money?

They really can do whatever they want.

By 2028, he will have invested at least hundreds of billions in commercial real estate, and such investments will most likely be made in Hong Kong.

By then, real estate prices are expected to drop to a critical point and then return to a normal and stable level.

Money is no longer important to him; what matters most is the stability and longevity of his family.

This is the main reason why he purchased a large number of commercial assets.

His global holdings, excluding investment shares, already exceed 400 billion in commercial real estate.

This includes Wanda Plaza, Tengchao Commercial Management, and several other major commercial assets invested in by Tong Zhelan and her team in Singapore and the Asia region.

With these assets, we can establish a few more good family foundations.

A family's century-long history is no longer a big problem.

As long as the descendants don't squander the family fortune, that's fine. Even if such a situation occurs, the descendants will be restricted by the family foundation.

You can only receive a fixed amount each month, and there is absolutely no amount exceeding that.

Many wealthy people in Hong Kong have set up such funds.

He plans to set up a system where he will likely set aside 50 billion yuan and receive 5 million yuan per month.

This type of fund is also called a "spendthrift fund," specifically designed to curb the spending habits of spendthrift children.

As a family grows larger, this becomes an essential threshold that must be set up.

There's no rush.

After he finished visiting all the industries in Shanghai, it was time for the official Chinese New Year.

Year after year, the older I get, the less I feel about the New Year.

Chen Pingsheng did not go back this year, while his younger sister and older sister both took their children home.

His parents don't come to Shanghai much anymore; they're already seventy years old.

When I get old, I don't want to move around. I just want to live a long and peaceful life in the place where I was born.

Both Peng Ying and his father were actually in poor health.

It's not due to current causes, but mainly due to illnesses contracted when I was young.

The older generation of our parents really grew up suffering from childhood.

They've been raised very well these past few years, but they don't have much of a chance of surviving.

The elixir of immortality—the older you get, the more irresistible it becomes.

(End of this chapter)