The Birth of Shanghai's First Conglomerate

An An's words are unlikely to resonate with most people.

But that didn't stop everyone from hearing a truly fascinating story about an entrepreneur and his son.

Chen Pingsheng has spent most of his life practicing the story of a responsible and socially responsible entrepreneur, and he has also spent the rest of his life supporting his family.

In An An's words, he shouldn't be so low-key; he should be known to the public and widely publicized.

When Chen Pingsheng took the stage, he received the loudest applause of the entire audience. This applause was not just superficial; it also came from the recognition of the Tengying Group by college students of this era, and their recognition of the wise father that An An had mentioned.

After Chen Pingsheng went on stage, An'an said with a coquettish smile, "Dad, please forgive me for being willful again after growing up."

“Now that you’ve grown up, how can you be so willful? You’re both charming and carefree, and you’re also the domineering and beautiful CEO. Your father will only be proud of you.”

"The chairman would like to say a few words..."

"Yes... let's give the chairman a warm round of applause and invite him to say a few words to our contemporary college students."

“Father, you see, everyone hopes that you can come out in public again and say a few words for everyone.”

Chen Pingsheng said sincerely, "I am old now, and there is very little I can say to young people in my old age. I will simply talk about some things that Tencent Film Group needs to do in the post-era."

"Tengying Group has been developing for thirty years. If we were to talk about our biggest achievement over these thirty years, besides enabling many people to achieve financial freedom, the most important thing is to achieve freedom in both work and life."

"Many people may find this hard to understand because it starts with the trade war 20 years ago. Since the 1990s, China's biggest competitive advantage in the world has always been its cheap labor force, making it the world's factory."

"By 2020, if companies increase employee income and reduce overtime hours, their production costs will be infinitely higher than their competitors."

"If we don't increase employee income, employees will not only lose their lives, but their work will also endlessly squeeze out all their living space."

"This dilemma has existed for too many years. At the time, I always hoped to get Tencent Film Group out of this awkward situation. Later, after conducting research, I found that..."

"Only by mastering our own core technologies and empowering enterprises with technology can we achieve high employee income while reducing their working hours, enabling them to have weekends off and 18 days of annual leave."

“From 16 to 2030, I have invested heavily in Tengfei New Energy and Tengfei AI for fifteen years. I have used the technologies of these two areas to empower basic service industries and traditional industries. This has led to the current situation where Tengying Group employees can balance their work and life quite well.”

"For Tengying Group now, entering any new industry is no longer solely for the purpose of making money, but rather based on whether it can solve user needs and create a happier life for practitioners in this industry, which is the standard for investment."

"As for talent recruitment, Tengying Group is fully committed to creating the fairest and most just platform for realizing dreams, and attempts to change the lifestyles of more ordinary employees in traditional industries through its own efforts."

"At the very least, we must ensure that ordinary employees can have support in their old age and live with dignity and uprightness."

"Our dreams are often no longer about making money. We just hope to do something more impactful in terms of corporate responsibility and charity, and use our actions to provide a better living and working space for ordinary industry workers and users."

The audience erupted in applause once again, and no one objected; everyone was filled with excitement.

The main reason is that Chen Pingsheng has achieved unity of knowledge and action; not a single word he says is false.

Anyone who has worked at Tencent Group can attest to this.

He wouldn't tell college students that he doesn't love money; the prerequisite for not loving money is having more money than you can spend.

There is no doubt that he has the money.

To put it even more dramatically, even if he spent a billion every day, he still wouldn't be able to spend it all. If he wanted to do something today, it certainly wouldn't be for money anymore.

For many years, he had hoped that Tencent Group could change the working and living environment of most industries.

Leaving aside his current tech giants, there are also his supermarkets, department stores, and milk tea shops.

All employees are provided with the five social insurances and one housing fund, have weekends off, and enjoy the highest salary standards in the industry.

Even the most ordinary employees here earn at least 6,000 yuan.

A starting salary of 6,000 yuan for a 9-to-5 job with weekends off is barely enough to reach the entry-level standard for a happy life.

Under the same circumstances, the best standard should be to earn between 1.5 and 2.5 per month.

With this kind of working time and income, that's enough for a family to live a happy and fulfilling life.

As for anything higher than that, that's already quite good.

Most of the employees at Tengying Group exceed this standard, which is why Chen Pingsheng is highly respected in the industry.

He is unique in the capital market, having never relied on exploiting employees to generate profits since starting his business.

For a company to reach his level, it's not just about financial freedom, but also about achieving the highest social status and business prestige.

Even after thirteen years of retirement, everything about him hasn't completely disappeared, and his speech at Baiyun University today spread like wildfire across the entire internet.

"It's a pity that there are limited seats in the auditorium, so none of you can go to listen in person."

"Is he really that amazing? I saw the internet was flooded with trending topics about Miss An'an's father."

"That's incredibly impressive! Miss An'an is definitely the most amazing person I've ever met in my life."

"Her father actually came to our school. We hadn't received any prior notice. Afterwards, our principal wanted to invite him to dinner, but he refused."

"You guys are saying that Miss An'an is going to do a two-month national university tour, and she said that she will spend nearly 100 million yuan in prize money for such a wonderful show. That's a bit too rich."

"You people are simply ignorant. Do you think An'an is called the number one socialite in the country and has the title of princess for nothing?"
"Tens or hundreds of billions are nothing to her. She was able to spend over a billion to hold a farewell concert for her youth after graduating from junior high school. Now she's thirty. Do you think her father has regressed instead of progressed over the years?"
"Tengying Group is now at its zenith."

"I also heard that An'an's sister-in-law gave birth to a girl as her first child, named Chen Wuyou. Her grandfather directly rewarded the newborn girl with a Wuyou Ocean Shopping Mall, which has an investment of more than 20 billion yuan."

"People have different fates. I really wish I could be born into a family like theirs in my next life."

An'an has been the envy of others since she was five years old, and over the years she has become someone that all rich second-generation kids look up to.

Her little act of willfulness brought her father back into the public eye.

Because of Miss An'an's personal involvement, the entire Tengying Group did not deliberately suppress the news online.

It exploded, and that's it.

(End of this chapter)