The Birth of Shanghai's First Conglomerate

Chapter 716 An'an's Test Ends
Hong Kong's property prices have also collapsed significantly in recent years.

If calculated according to the average standard of most developed countries in the world, an average adult male only needs to work for ten years to be able to buy a small 100-square-meter house outright.

This standard is clearly not suitable for Hong Kong, which means that housing prices are still seriously inflated.

In 2020, the average house price in Hong Kong was between 15 and 20 yuan per square meter.

The better locations are all over 400,000.

Based on the average income in Hong Kong, the annual salary is approximately HK$36.

With this kind of income, it would take about 100 years of saving every penny to buy a 100-square-meter apartment in a decent location.

In a more ordinary location, it would probably take sixty years without eating or drinking.

This time cost alone shows that the inflated price is ridiculously high.

How are ordinary people supposed to take over this mess?

In their early years, these people were all involved in large-scale commercial real estate.

Over the years, everyone has left this market.

Tong Zhelan still prefers to play thrilling games in the global stock market, while Shen Nanpeng leans towards real-world investments.

In recent years, Chen Pingsheng has been bringing overseas funds back to support the development of his own technology industry.

The results and benefits are equally astonishing.

He does have plans to acquire more commercial assets, but the bubble in the market is still too high.

This was completely unfavorable for him to enter the market, so they all invested their money in those emerging developed countries.

Those are all stable investments, and I wouldn't touch them easily.

Tong Zhelan asked, "Old Chen, do you have any plans to cash out your Nvidia shares this year?"

"There's no plan, mainly because we can't find that many investment projects."

Chen Pingsheng shook his head. "If you can find good investment projects, you can talk to me about cashing out, but I'm not very interested in short selling right now."

When capital is small, one might gamble on short selling; but when capital is large, there is no need to take on unlimited risks for limited profits.

Tong Zhelan had known this for a long time. If it weren't for their invitation, Chen Pingsheng would have had no interest whatsoever in taking on those short-selling funds if anyone asked him to.

Every time these women came to Hong Kong, they would meet at his private club.

The Seven Chiefs were the six earliest supporters of his group, and together they were referred to as the Seven Chiefs.

When everyone has a certain amount of money, he's probably the only one who still cares about the feelings of ordinary people.

For someone like Tong Zhelan, making money by shorting funds is based on the assumption that at least 100,000 retail investors collectively experience a sharp drop in prices.

In high-level business, there is no longer any distinction between good and evil.

The winner takes all, and many losers jump off buildings.

This is also the main reason why Chen Pingsheng has never been particularly fond of shorting funds.

Ultimately, global competition boils down to competition in technology and trade.

Cross-border e-commerce was incredibly popular a few years ago, and it made a lot of young people rich.

Things have been quite ordinary in recent years, mainly due to a series of restrictive policies implemented overseas.

The most obvious example is the new standards set by the European Union.

At their age, the second generation is growing up one after another, and one of the most important topics among them is the issue of succession.

Some people even jokingly suggested a marriage alliance.

Chen Pingsheng just laughed it off; he wouldn't directly interfere with An'an's choices.

He also believed that An An had her own judgment.

……

Guangzhou, Baiyun University.

An An had already received a notification from her father, which was basically to see if she had time to go to Hong Kong.

An'an can't go, and she doesn't have the time.

Because besides attending university classes, she spends most of her time organizing snacks and running around.

Reforming a large corporation may seem simple, but it's actually incredibly complex. Chen An'an constantly analyzed and organized the issues, attending no fewer than seven or eight meetings every day.

The most important event is the dealer conferences in various cities.

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

An'an is almost finished with her freshman year of college. If you had to pick the most significant change in her over the past six months, it would probably be that she has lost some weight.

His eyes also became much more determined.

As for the three girls who had been with her for a long time, they also seemed to have experienced a major life change.

I witnessed firsthand how a large company with over 150,000 employees was suddenly hit by a storm.

They cut ties with cronies, fought against veterans within the group, and pulled back tens or hundreds of billions of yuan from the stock market.

Later on, in order to stabilize the group's distributors in major cities.

An An also plans to travel to various cities by private jet to give speeches, stabilize morale, and then issue a series of preferential policies.

In order to stabilize these offline physical dealers as quickly as possible.

The efforts over the past six months have been very effective.

Regardless of the senior employees' opinions, most staff members recognized the hard work of this young lady, An'an.

With this effort, that's enough.

After all, everyone in the group had received the best support from his father back then.

With over 100,000 employees in the group, who didn't start as a newcomer?

When they were all still newcomers and going through a difficult period, who could forget what An'an's father said?

Don't try to teach impoverished students who have just entered the workforce how to navigate interpersonal relationships.

Furthermore, we must prevent them from entering the workforce and then asking their parents for money to rent a house.

He solved the housing problem for all the new students, and also helped them overcome the awkward period after graduation.

All interns were given a transitional fund of 50,000 yuan.

Now, even the problem of buying a house for many people has been solved.

This is a favor her father made ten years ago, and today his daughter is taking over the group.

At first, they were all influenced by those group elders and fought together, but as time went on, they realized that the young lady was not the kind of pampered rich girl who was unwilling to listen to others.

Most people gradually began to accept her from the bottom of their hearts.

You can gradually understand everything she does.

To reiterate, her father has been kind to so many people, which will greatly help her take over the business.

Mid-January 2026.

Chen An'an reached out and took the resignation letters from the five elderly people, marking the end of their one-year trial period.

Her victory marks the end.

The group also pledged to provide these elderly people with lifelong care.

In addition to guaranteeing their share dividends, they will also receive an annual consulting fee of three million.

These elderly people formed a group advisory committee.

All advisors have the right to make suggestions, not the right to implement them.

The eight-month-long power struggle within the group officially ended with An'an's victory and the complete withdrawal of all the group's veteran members.

As soon as the news broke, the stock price rebounded rapidly.

It is foreseeable that this surge in stock prices will last for at least several months.

This also means that Snack Run has officially ended its eight-month-long chaotic infighting.

This also means that An An has gained the unanimous approval of most of the young management team.

This is actually very difficult.

(End of this chapter)