I can become stronger by paying salaries. I have one billion employees!

Chapter 542 One Chen Yansen = Nine Li Jiachengs? 280 billion US dollars? (Thanks to Qianqiu Diyi)

On January 13, the sky over the virtual city was a clear, bright blue, but the north wind was blowing particularly fiercely.

Zhuxianzhuang Science and Technology Park is filled with luxury cars, including Mercedes-Benz, BMW, Audi, Maserati, and Hummer models worth over two million yuan.

Apart from two empty parking spaces in front of Building 9, all other ground parking spaces are full.

The luxury cars that kept driving in seemed to ignore the two parking spaces and all headed straight for the underground parking lot.

At this moment, a large group of domestic media reporters had gathered on the first floor of the park.

It's easy to tell from the icons on their microphones that these people come from dozens of media outlets, including Business World, The Paper, Jiemian, Sina, Tencent, Sohu, and Phoenix.com.

"The company held its year-end performance review meeting, and surprisingly, so many reporters showed up?"

Wang Shixiang, the brand director, walked to the window and looked down.

I don't know who had the big mouth, but they leaked the date of the company meeting.

Wang Shixiang cursed under his breath and called his assistant, instructing him to take the reporters downstairs to the reception room.

We can't just leave these reporters standing outside in the cold wind, can we?
At this moment, a BMW 750 slowly drove up, and surprisingly, the car had a license plate from Xucheng.

After the car came to a complete stop, there was a 'click' sound and the car door opened.

A shiny leather shoe emerged, followed by black trousers, and finally a muscular upper body draped in a wool coat over a white shirt and black suit.

The young man who got out of the car was about twenty-seven or twenty-eight years old. He had slightly dark skin, a neat short haircut, and a round face. He looked both chubby and somewhat sturdy.

The reporters exchanged bewildered glances, their expressions all conveying the same question: "Who is this?"

"Crack——!"

The Sohu reporter quickly pressed the shutter.

He recognized the man's identity.

Compared to project leaders like Zhou Shouzhi, Liao Wei, Cao Dahua, and Liang Jinsong, this person's status is not prominent. However, those who truly understand the industry know that the dark-faced young man in front of them will likely hold a high position at Senlian Capital in the future.

"Dude, who is this guy?"

A reporter from The Paper asked curiously.

"Just take the pictures! You won't waste any of your shutter counts," the Sohu reporter chuckled.

Wang Zihao looked around. He had been quite startled when he got out of the car, thinking something terrible had happened.

Why are there so many reporters at headquarters?
Hu Weiyi got out of the car as well, her face showing the same astonishment.

"It's Mr. Hu from OFO bikes!"

"I never expected that Hu Weiyi would be the first to arrive!"

"OFO bikes are also doing well, with a total of 140 million shared bikes and 60 shared e-bikes deployed nationwide. They are the industry leader."

The reporters took photos while whispering amongst themselves.

"Mr. Wang, what's going on?"

Hu Weiyi lowered her voice and asked Wang Zihao.

"I don't know," Wang Zihao replied, looking confused.

The two exchanged a glance, waved at the camera, and then ran forward quickly into Building No. 9.

As soon as Wang Zihao entered the lobby, he skillfully turned on the beverage machine, grabbed a bottle of green tea for himself, and then looked at Hu Weiyi and asked, "Ms. Hu, what would you like to drink?"

"Lemonade, please," Hu Weiyi replied.

Wang Zihao hummed in agreement, took a bottle of lemonade from the cabinet and handed it to Hu Weiyi, then turned around and greeted Tian Tian, ​​who was sitting at the front desk, in a familiar manner.

Then, just as he was about to go to the rest area to sit for a while, he heard a familiar voice.

"Hey, Wang, you're getting more and more mature!"

Cao Dahua strode in, and upon seeing Wang Zihao, he was initially surprised, but then smiled and teased him.

She's only twenty-two, but looks like she's twenty-seven or twenty-eight.

"Brother Hua, where's your belly?"

Wang Zihao was also stunned; Cao Dahua had lost a lot of weight.

"My boss tells me to lose weight, can I not listen?"

Cao Dahua stepped forward and said with a grin.

At the same time, he didn't forget to nod and greet Hu Weiyi: "President Hu, it's been a long time, you've become even more beautiful."

"Thank you for the compliment, Mr. Cao." Hu Weiyi smiled, knowing Cao Dahua's position in the group.

He was originally Chen Yansen's teacher and was among the first batch of internet entrepreneurs ten years ago. However, he stumbled in the smartphone business and was later sent to Shenzhen after the Orange Mobile Phone Factory was established.

Today, he is the head of Orange Mobile's six major production bases, overseeing nearly 100,000 employees and covering multiple aspects such as R&D, supply chain, management, and production.

He's been nicknamed "the mainland version of Guo Mingtai"!
However, Cao Dahua was not satisfied with this nickname. What bullshit Guo Mingtai, he, Cao, was just doing Foxconn.

"Workout or swimming? I'd really like to lose weight."

Wang Zihao pressed for an answer.

After saying that, he lifted his shirt to show Cao Dahua the 'fat' on his stomach.

Cao Dahua lowered his head, glanced at it, and his smile instantly froze. He pointed at Wang Zihao and cursed, "You brat, are you showing off on purpose?"

Where does the fat on Wang Zihao's stomach come from? It's clearly six well-defined abdominal muscles.

"I've been too busy lately and haven't had time to practice. Let me show you a photo of me ringing the bell at the IPO in New York last time."

Wang Zihao took out his phone, pulled out a photo, and shoved the phone directly in front of Cao Dahua's face, his tone carrying a hint of barely perceptible smugness.

Showing off again, huh?

Cao Dahua thought to himself: Zihao has grown up and is becoming more and more adept at pretending.

"President Cao, President Hu, President Wang, what are you looking at?"

A male voice came from behind.

Wang Zihao subconsciously turned his head and saw Pei Yi leading four people not far away.

"Old Pei, how did you know I've been working out? Let me show you some photos from my trip to New York."

Wang Zihao grinned and went to greet him.

Pei Yi's lips twitched, and he smiled somewhat helplessly. After exchanging a few perfunctory words, he pushed Shan Jiawei, Liang Changlin, Zhang Xuhao, and Kang Guodong to the front and introduced them to Cao Dahua and Hu Weiyi.

After a brief exchange of pleasantries, the group sat down in the rest area.

at the same time.

Xiao Jun from Gaode Maps, Mao Chaorong from Mimo, and Qu Fang from Xiaohongshu arrived one after another.

Zhang Yiming from ByteDance, Cheng Weixing from Kuaidi Dache, and Liang Jinsong from Xingyuan Technology followed closely behind. As soon as they entered the lobby, they were drawn to the commotion in the rest area.

The project managers of the group's various subsidiaries are mostly located on the first floor.

Upon seeing Liang Jinsong, Mike Keller of Tiangong Technology immediately stood up and waved enthusiastically.

The two had crossed paths before, when he worked for AMD and Liang Jinsong worked for TSMC in Taiwan.

Unexpectedly, after many twists and turns, we became colleagues again.

It wasn't until 10 a.m. that a Hongqi L5 came into the reporter's view.

"Chen Yansen has arrived!"

"It is said that Li Qingsong personally selected this car for President Chen."

"Wow! Really?"

"This is inside information, so please don't tell anyone else."

Several reporters whispered among themselves.

Sitting in the car, Chen Yansen could see the huge crowd at the entrance from afar.

A dozen seconds later, Huang Boxiang drove the car into the science park.

After parking the car, he immediately unbuckled his seatbelt, quickly got out of the car, and opened the car door for Chen Yansen.

Several reporters tried to rush over for an interview, but were firmly blocked by the company's security personnel outside the cordon. They could only hold up microphones and shout their questions from afar, while the sound of camera shutters clicking incessantly filled the air.

"Mr. Chen, what is your opinion on Qiandu Waimai and Taodiandian platforms paying social insurance and housing fund contributions for their riders?"

Upon hearing this, Chen Yansen stopped, looking puzzled, and then asked, "Isn't this what we should do?" "Are you worried that Kuaipao will lose its competitiveness if it's only available on the rider's end?"

The reporter from The Paper pressed for an answer.

"In my opinion, the core technologies on the transportation side are positioning, route planning, intelligent dispatching, and transportation capacity scheduling."

Paying social security contributions for one's own employees is a perfectly normal thing to do.

Chen Yansen shrugged.

"Mr. Chen, when will Senlian Capital's headquarters move to Luzhou?"

"I asked the reporter from Sohu."

"The relocation will be carried out in batches and by department in a planned manner, and the first batch of projects is expected to start after the new year," Chen Yansen replied.

"Mr. Chen, according to financial blogger Shui Pi's estimate, Kuai Pao Waimai's net profit may be less than 3%. If you, like Baidu and Ali, adopt a complete outsourcing model, the net profit could at least double. How did you convince investors to support this decision?"

The Phoenix News reporter spoke rapidly, raising a rather sensitive topic.

"I'm not interested in money."

Chen Yansen smiled and spread his hands as he spoke.

Upon hearing this, the reporters immediately exchanged knowing smiles.

Ma Liyun said this, but nobody believed her at all.

If you're not interested in money, why are you delaying paying your riders a base salary and social security contributions?

"Of course, you can't do without money! First of all, I can tell you clearly that although Kuaipao's takeout business doesn't earn much, it's not as little as outsiders speculate;

Secondly, KuaiRun is a local life service app that offers not only food delivery but also grocery shopping and group buying services, making its profit model very healthy.

So, you don't need to feel sorry for me.

Furthermore, in my heart, every Kuaipao rider is part of the company; they are just like Kuaipao's CEO, Pei Yi, differing only in their position.

Chen Yansen continued to add.

"Mr. Chen, due to the food delivery war between KuaiPao, QianDu, and TaoDianDian, many food delivery startups have gone bankrupt. Is 'burning money to grab market share' Senlian Capital's winning formula?"

"A business reporter asked."

These media outlets were quite self-disciplined; each of them only asked one question.

In fact, this was arranged in advance by Wang Shixiang, who also gave him a special allowance for the journey.

"Senlian Capital's foundation lies in its innovative business model and excellent user experience. As for those food delivery platforms that went bankrupt because of this, there's nothing I can do. Reality is often this cruel."

The business world is like a battlefield; this is no joke.

Chen Yansen said lightly.

The survival of the fittest is the true nature of the business world.

After finishing speaking, before the reporters behind him could ask any questions, he waved his hand and said, "Excuse me, today is Senlian Capital's year-end performance review meeting. If there is anything that needs to be discussed later, please inquire through official channels."

Wang Shixiang, who was standing to the side, immediately understood and took half a step forward, with a polite smile on his face: "Dear media friends, thank you for your attention and support. Please come this way. We have prepared a tea break area where you can rest for a while."

Although the reporters were still somewhat eager to ask more questions, seeing Chen Yansen's resolute attitude, they didn't want to press the matter further and could only reluctantly follow Wang Shixiang to the tea break area.

The sound of camera shutters gradually subsided, and the science park finally quieted down.

"Brother Sen!"

"boss!"

After the reporter left, a chorus of greetings rang out.

Cao Dahua, Zhou Shouzhi, Huang Zheng, Liao Wei, Pei Yi, Michael Keller, Ma Zhiao, Liang Jinsong and others stood in the first row.

Zhang Yinjia, Xiao Jun, Cheng Weixing, Byron, Liang Bo, Zhang Yiming, Mao Chaorong and others stood in the second row.

Lin Guolun, Wang Chao, Ye Qiuping, Cheng Zilong, Wang Zhe, Qu Fang and others stood in the third row.

Wang Zihao, Shan Jiawei, Zhang Xuhao, and others could only stand aside.

There were dozens of people in a dark mass!
Reporters were surprised to find that Senlian Capital was far more powerful than they had imagined.

Its business scope is extremely broad, ranging from the Internet to physical manufacturing, covering dozens of industries such as e-commerce, electronic payment tools, food delivery, group buying, ride-hailing, electronic map navigation, chip design and manufacturing, batteries, new energy vehicles, shared bicycles, home appliances and short videos.

Furthermore, all the subsidiaries seem to be doing quite well.

Even Orange Auto and Xingyuan Technology, which are still in their early stages, have already obtained millions of square meters of industrial land and billions of yuan in factory construction subsidies.

"He will probably be the world's richest person in Forbes next year without any doubt."

"I feel that Mr. Chen's net worth is more than 1000 billion US dollars."

"By just one Pinduoduo, Chen Yansen's wealth increased by nearly 700 billion US dollars."

1000 billion? That's too conservative.

"Can anyone give a rough estimate? I need to come up with a catchy headline when I get back."

Someone brought it up first, and suddenly the reporters were whispering amongst themselves, all busy calculating Chen Yansen's total wealth.

Accuracy is not important; the key is to attract attention and increase traffic and clicks.

Pinbei is a listed company, and Chen Yansen's shareholding ratio can be found. Based on the current market value, it is approximately US$680 billion.

Yunsu Express's last round of financing was in June 2012, when three major state-owned enterprises—China Merchants Bank, Huake, and Huaxin—each invested $500 million, valuing the company at $12 billion.

Now that a year and a half has passed, how should the valuation be calculated?
快递行业的单票均价是10到12元，云速的每日业务量在2000万票左右，年营收在730到876亿。

The industry average net profit margin is 5% to 8%.

Roughly estimated, annual revenue is 800 billion yuan and net profit is 48 billion yuan.

Several financial reporters discussed it and, using the price-to-earnings ratio (P/E ratio) and taking the average of 30 for the express delivery industry, they concluded that the figure would be 1440 billion yuan, equivalent to 230 billion US dollars.

If we use the price-to-sales valuation method and calculate using an average of 2.5, that would be 2000 billion yuan, equivalent to 320 billion US dollars.

If calculated at 300 billion US dollars, Chen Yansen's shareholding would be worth approximately 240 billion US dollars.

Orange Technology estimates the value at $600 billion by comparing Apple's and Acer's shipments, sales revenue, and market capitalization.

Previously, DST invested US$13.5 billion, acquiring a 15% stake; and used 3% in a share swap with Di Dongfang. Excluding the employee shareholding portion, Chen Yansen still holds at least 80% of the equity, worth US$480 billion.

"How did Forbes calculate that? With only three companies, Chen Yansen's net worth has reached 1380 billion US dollars."

"Perhaps Forbes didn't miscalculate, but rather Mr. Chen's wealth has grown too rapidly."

"Kuaipao is the best performing, having just completed its Series C funding round with a valuation of $318 billion."

"What a load of rubbish! Kuaipao has a lot of complicated investors, who knows how many shares Mr. Chen holds?"

"Each round of sales involves 10%, plus employee stock ownership, let's say 60%. It's not like we're writing a thesis, so let's just leave it at that."

After some discussion, several reporters valued Chen Yansen's Kuaipao shares at US$180 billion.

Orange mobile phone factory, $20 billion.

Kuaidi Dache (a ride-hailing service) has a budget of 30 billion US dollars.

ByteDance has received $40 billion in funding.

Today's technology is worth 60 billion US dollars.

Deep Blue Battery costs $800 billion.

The reporters eventually came up with a calculation method that was almost entirely based on guesswork, and was extremely simplistic and crude.

They didn't consider market share, nor did they pay attention to revenue and net profit.

Because they don't actually have the relevant data.

The final figure came to a staggering 2800 billion US dollars.

Compared to Forbes magazine's statistical methods, the companies with the greatest variables are DeepBlue Technology, Orange Technology, and Pinbei.

It's important to know that at that time, the Deep Blue Battery had not yet been released, Orange Phone's autumn launch event had not been held, and Pinduoduo had not yet gone public.

The reporters stared at the numbers on the draft paper and fell silent instantly.

After all, Li Ka-shing's net worth is only 310 billion US dollars.

Is one Chen Yansen equal to nine Li Jiacheng?

　Thank you to Emperor Qianqiu for the generous donation, and thank you to my godfather!

　　
　
(End of this chapter)