The Birth of Shanghai's First Conglomerate

Chen Pingsheng called home.

The old man really doesn't have much time left to live; he'll probably only have a couple of years left, but who knows when.

At this age, the old man doesn't want to leave his rural hometown; returning to one's roots is the reality for most elderly people.

The gathering with Changfu and the others was just a chat about our current situations.

Changfu is old in years but young at heart, and he still spends his days among young women.

Gao Hu is different; he's not that rich, and at his age, he still has to work hard to earn money.

His days were more fulfilling, but his son Gao Feng was also a bit of a worry.

They're the kind of person who loves to travel around all day long.

After Chen Pingsheng returned to the company, his secretary, Lin Lu, privately reported a major event to him.

It's roughly about the recruitment department. In the past, every time Tencent Pictures recruited, it was a big deal for graduates from various universities.

Many people prepare for this for several years in order to be able to enter Tencent Film Group upon graduation.

However, this campus recruitment program, which had been maintained for many years, was disrupted by several personnel from the human resources department.

The reason this issue was brought to Lin Lu's attention was mainly because several of her fellow interns worked in the human resources department.

The recent layoffs by the HR department caused quite a stir, mainly because one of the laid-off employees complained to higher management about his monthly salary of 1.2 yuan.

Four thousand of them were handed over to higher authorities, which meant bribing management, including the HR person who had recruited him.

He spends a third of his already meager income on bribes.

One can imagine what this person's usual work attitude is like, and this round of layoffs was carried out by headquarters bypassing the subsidiaries.

He was fired because the person who paid him money to bribe officials every month was fired, which naturally caused resentment and led to a lot of news in the employee group and subordinate companies.

This matter was kept very well hidden; it would never have been discovered if headquarters hadn't been conducting annual performance reviews directly.

Such employees cannot be fired because those who benefit from them will manipulate their personal data in performance reviews.

It's favoritism and corruption.

This kind of thing happens in every group, just on different sizes.

Tengying Group has now adopted multiple cross-assessment methods to ensure that capable people are retained while eliminating corrupt elements within the group as quickly as possible.

Whether it's employees or management, there are many performance evaluation criteria.

With this incident, there is no doubt that several people in charge will be held jointly liable.

In other words, many managers, including employees, collectively bear responsibility.

Once a large corporation has problems with hiring, it's just a gradual process of corruption.

Chen Pingsheng wouldn't handle this matter directly; he would simply have multiple departments within the group investigate together.

Anyone who dares to take such a risk will be laid off and may even bear corresponding legal responsibility.

This incident caused quite a stir, but it was quickly quelled.

Chen Pingsheng is currently just sitting here quickly processing some documents and plans.

In late August, he went to Zhejiang Province, mainly to help Xiao Le with his new job.

Zhejiang Province also has a very developed economy with many core industries. In the past, people would go to Guangdong to make money, even though the saying went, "Go east, west, north, south and central."

Most people nowadays prefer to come to Zhejiang, where the income of workers is generally quite high.

Xiao Le was able to be transferred to a county in Zhejiang Province as the top official, and his future prospects are still limitless.

After her appointment was announced, Chen Pingsheng sent a number of people to conduct research.

For a county with a population of up to 600,000, the core standard for measuring whether the county is developed is still GDP per capita.

A county with a per capita GDP of over US$1.5 is basically considered a developed county.

If a county's GDP exceeds 100 billion yuan, it is considered an economically strong county.

Such counties are extremely rare in the entire country.

Not long after Xiao Le was transferred here, Tengfei AI Group finalized an AI robot industry investment plan.

The general idea is to transform this county into a world-class factory supporting the development of AI robots.

Leveraging its industrial advantages, Tengfei AI will invest in two super factories here, each worth over 10 billion yuan.

Incidentally, we will also build a supporting industrial chain based on the Tengfei AI Robot. In other words, we will attract a large number of component manufacturers by relying on these two super factories.

This will directly and quickly boost the economy of this underdeveloped county.

The goal is to quickly complete the industrial layout, employment indicators, GDP growth, and other core data for the next three to five years.

The saying goes that business is inseparable from politics, and politics is inseparable from business; that's roughly the idea.

Without the strong support of Tengfei AI Group

It would be difficult for Xiao Le, an outsider, to immediately take over all the county's operations, including personnel management.

Things are different now. Tengfei AI has announced that it will invest over 30 billion yuan here in the next three years and even build this place into a world-class AI robot industry center.

This will undoubtedly boost the county's economy very quickly. As long as everyone cooperates with this plan and works together towards the same goal, that will be enough.

Several years later, everyone will be able to enjoy this extraordinary achievement.

Xiao Le can then naturally advance further, leaving his position for the next person.

This is the positive support that top-tier business resources can provide.

It was beyond imagination and the results were amazing.

For Chen Pingsheng, the core of his work for the next twenty years will still be to promote the family's century-long plan.

This plan is not just about making money, but also about greatly advancing the family's governance.

Only in this way can the Chen family avoid making fatal mistakes in choosing sides in the future.

That would allow it to last for at least two, three, or even more generations.

Once you've chosen sides, there's no solution.

At that level, let alone a small business, even a large one could be ruthlessly brought down.

The first rule of our family is to never take sides and to stay absolutely away from the core of the ruling class.

The rest are issues of survival and continuation. With his existing business resources, he can easily push Xiao Le and her sister Xiao Ya to take a big step forward.

By the end of August, he had returned to Guangdong. The reason was simple: his only son was about to start his first year of university.

Not only did he return to Guangdong, but his wife, Michelle Song, also returned here.

For them, nothing was more important than Chen Lugang going to university.

As expected, Chen Lu successfully helped Su Xiaoxi lose several small goals in one summer vacation.

It was all thanks to his advice that Su Xiaoxi was able to spend several small goals so quickly.

Chen Lu applied for a major related to AI, while Su Xiaoxi applied for finance.

The two of them are always together, which gives Song Yanxi a big headache.

On the day he entered the school, he kept telling him, "Study hard, because you will inherit the Tengfei AI Group in the future."

"Mom, are you really sure I can inherit such a large family business?"

“You are your father’s only son and our family’s only boy. If you don’t inherit the family’s technology business, who will?”

Chen Lu really wanted to say that the core management team of the group was far more capable than him.

If he can't inherit the business, these groups could consider a managerial approach, with all core members holding shares, which would be a good option.

This silly kid has no idea that inheriting these corporations means much more than just money.

It's more about commercial status, or political status.

At a certain point, money makes little difference.

There's no limit to how much you can spend, whether it's hundreds of billions or tens of billions. The most important thing is the commercial resources behind it.

Didn't you see that his father wanted to lift Xiao Le and the others up? All he needed to do was have Tengfei AI Group come up with an industrial investment plan.

If you only have money but no resources, anyone will dare to take advantage of you.

Resources and money are not entirely equivalent.

There is a huge difference between the two.

(End of this chapter)