The Birth of Shanghai's First Conglomerate

Shenzhen, Guangdong.

As September drew to a close, the temperature in Guangdong remained as hot as in summer.

Just like Chen Lu's current mood, it is somewhat restless and uneasy.

He and Su Xiaoxi still went home together every day, but the difference was that he went first and Su Xiaoxi went second.

This time, she lowered her head and casually stepped on his shadow.

As for Chen Pingsheng himself, after finding two suitable partners for his eldest daughter An'an, he returned to this place.

Every day, he practices health-preserving exercises, just like the elderly people in the park.

He only has one son, so it's not excessive to value him no matter how much.

The eldest daughter, An'an, has grown up and has successfully taken over the family business.

In the next hundred years, everyone's net worth will start at 200 billion.

The second daughter has built a large number of luxury goods businesses, in addition to her Wanda Group and Liangshan Hotel, and she also inherited Tencent Media, which has a market value of over 700 billion yuan.

His net worth is also no less than 200 billion.

Only this youngest son remains, and there are still no plans for him.

Chen Lu is so ordinary that he doesn't seem like the youngest son of a wealthy family at all. He walks to school and walks home every day.

There were no bodyguards with him.

What kind of company he will take over in the future is still completely unknown.

All that remains for Chen Pingsheng is Tengfei New Energy Vehicles, which has a market value of over 300 billion US dollars.

In addition, there's Tengde Battery, with a market value exceeding US$1800 billion, and Tengfei AI Phone, which is also a separate entity and ranks among the top three globally.

Only Samsung and Apple are ahead of it.

This refers to profit, not phone sales volume.

In terms of sales, he is not as good as the two domestic manufacturers, Oppo and Vivo. Sales volume does not represent the final profit of a company.

That's because Tengfei AI phones start at a minimum price of 3500, targeting the mid-to-high-end market.

In fact, the largest user group consists of phones priced around 2,000 yuan and those 1,000 yuan.

Even without selling at that price, Apple still monopolizes over 80% of the global mobile phone market's profits.

Tengfei AI phones are also not sold at this price, yet their annual profits are still no less than 40 billion yuan.

It can't compare to Apple, and it's still a long way from Samsung, but Chen Pingsheng himself is quite satisfied with the result.

Tengfei AI phone is not yet on the market. He owns all of the shares independently. The senior management and core employees only receive dividend shares.

As for Tengde Times, including Tengfei New Energy, he currently owns 48% of the shares.

The value of the shares held in these two technology companies alone exceeds two hundred billion US dollars.

As for unreleased phones, these include the Tengfei AI.

One company is valued at $80 billion, while the other has no plans to go public.

In just five years, Tengfei AI has developed a large number of intelligent robots, including cutting-edge AI technologies.

At the super factory under the Tengfei Group, more than 60% of the workers have been replaced by artificial intelligence robots.

The number of robots used for manufacturing has exceeded one million.

That is, he has 120 million intelligent robot workers.

These things don't require any salary, let alone social security or anything like that, and they don't cause any emotional distress or fatigue.

This represents the absolute ceiling of assembly line production.

Domestically, almost every large enterprise, including technology companies, is producing and developing this type of robot, but none are as advanced as the other.

His initial investment of hundreds of billions of yuan, including upfront funding, enabled him to achieve unparalleled success in the fields of intelligent robots and AI.

None of these groups have selected a successor yet.

He himself is also a completely independent wholly-owned investor.

Not to mention, he is currently investing over 70 billion US dollars in business assets globally. Add to that his wife's involvement in the health and wellness sector, including medical facilities and Shuiyunjian.

Aside from what An'an and Erpiya have already inherited, their family still possesses assets worth at least over 500 billion US dollars.

This excludes the collective total valuation, and only considers the net valuation of the shares they hold, including their global business assets.

With such a family fortune, what An'an and Erpiya actually inherited was nothing.

That's enough to guarantee them the title of the richest woman in the country.

The two sisters could even stand one in front of the other.

The truly wealthy people in China are mostly those who are hidden billionaires.

Like him, his financial details will not be exposed by anyone.

His group, including his wife's businesses, all use a very complex asset management model.

The case involves at least dozens of overseas holding companies, layered upon layer.

Outsiders have absolutely no way of knowing their specific shareholding situation.

An'an and Erpiya's assets are traceable.

Chen Lu, his only son, is coveted by too many people.

His daughter An'an is the same.

Unbeknownst to them, their family has become the pinnacle of private enterprises in China.

In terms of social contributions, Chen Pingsheng believes he has lived up to his current status and wealth.

Putting aside everything else, just consider the Tengfei Future Technology University that he has already built in Shanghai.

The construction cost alone exceeds 120 billion yuan, and more than 40 billion yuan is invested annually in project subsidies and R&D expenses.

In addition, tens of thousands of students have their university tuition waived and can also receive a series of scholarships.

This private university of science and technology, which he founded himself, is definitely the limit of his investment.

Not to mention that he has been committed to green and healthy aquaculture for many years.

This is also the only giant agricultural support enterprise that he has worked on for over fifteen years and has yet to go public.

So, all these things add up.

Chen Lu is under considerable pressure; as the first in line to inherit the throne, the pressure on him is undoubtedly immense.

He just hasn't realized it yet.

Like most of his peers, he also experienced the awkwardness and confusion of budding romance, and struggled and hesitated in his studies.

In Chen Pingsheng's vision, once An'an has thoroughly succeeded in the traditional business, the unlisted Tengfei AI phone will most likely be handed over to her.

Once Erpiya graduates from university, the global headquarters building in Hong Kong, worth over 80 billion, will also be transferred to her name.

Apart from that, the rest don't move much.

It must be said that, since ancient times, there has been a significant difference between boys and girls when it comes to inheriting family businesses.

If Chen Lu truly has the ability to inherit Tengfei New Energy, including the current Tengfei Future Technology University.

And the Tengde era.

This includes Soaring AI, a unicorn company with investments of up to 400 billion yuan that has not yet gone public.

He will inherit all of them.

Tengfei Mobile is just a separate major project launched under Tengfei AI.

As for the remaining global business assets he possessed, the couple couldn't just hand them all over.

We need to leave something for retirement, and these sectors will do.

They can live a very good life by collecting rent.

Chen Pingsheng thought to himself with a smug smile.

(End of this chapter)