After Chen Pingsheng called Song Yanxi, he arranged for Tengying Fund on Wall Street to start cashing out.
The amount of cash cashed out was 1.65 billion US dollars. If this were placed on an ordinary company, the stock price of such a large amount of cash would probably crash.
If you put it on Apple, it will just be sprinkled with water, and it will not even stir up any movement.
After much deliberation, Chen Pingsheng decided to increase his position in Nvidia again. If it could rise to a market value of one trillion U.S. dollars, then this investment would be a huge profit.
His wife only has a total of 0.5%, which is five thousandths.
Chen Pingsheng spent another 750 million US dollars to increase his position by 0.5% again, which totaled 1%.
He only speculates in the long term and does not consider short-term stocks at all.
That is to say, after buying it, it will not be sold again for at least three years unless there is an accident.
The remaining 800 million US dollars were all transferred to Ascendas New Energy's account, and the money is expected to be spent in two months.
Ascendas New Energy's current reputation is actually very good, but new energy vehicles have not yet been generally accepted in China.
It is bound to experience long-term losses, and the same is true for the batteries in the Tengde era.
It is undoubtedly the largest battery factory in China. Whenever new energy breaks out, it will break out.
Solid-state batteries that have been developed for several years have achieved certain results, but not much. It still requires a group of top R&D teams to work day and night.
This was anticipated at the beginning of the investment and there was no rush.
Any major technological breakthrough requires a long period of hard work.
It cannot be achieved overnight.
Chen Pingsheng doesn't really have much to spend money on except Tengfei New Energy. He can earn 4 to 5 billion in fixed dividends every year.
This is simply not enough money to spend, no matter how much Big Fart Boy and Er Fart Ya mess around.
Having enough money to a certain extent is really ideal.
No matter what he does, he still wants to build a world-class technology company.
While upgrading the entire Tengying Group, it must also enhance its status in the domestic business community.
This is also very important.
July passed very quickly, after Chen Pingsheng took his team to visit the Jinshan headquarters.
He also cashed out his wife’s Apple shares and added another $750 million in Nvidia.
After holding a total of 1% of the shares, Tengfei New Energy also collected R&D funds for the first two months of 2020.
I haven’t touched the other shares in my hand, and I feel it’s not the right time yet.
Whether it’s Meituan, Pinduoduo, or Tesla, it’s not yet time to cash out.
It is worth mentioning that Big Penguin, who became one of Tesla's major shareholders like him at the beginning of this year, cashed out all 5% of his Tesla shares.
Chen Pingsheng plans to wait for another two years. Having worked in new energy himself, he must know that the new energy market is only in its infancy.
We haven't even seen the door to take-off yet, so it's obviously too early to cash out on Tesla.
He was prepared to stay for a few more years.
Anyway, there are too many realizable assets in hand, and there is no need to touch these high-quality stocks.
Chen Pingsheng thought about it and planned to cash out all the Shuiyunjian headquarters building in the Magic City, including the Tengying Entertainment headquarters building in Beijing.
One of the reasons for cashing out is that housing prices are unstable.
As a discerning businessman, it is normal operation to cash out at high positions and take over at low positions.
There is no need to keep your money stuck in that market knowing that the market is not going well.
After the Jinshan Forest Headquarters is established, these buildings will not be of much use in the future.
Because I bought it too early, I can still earn 7 to 8 billion by cashing out now. If I wait a few years, the principal of the two headquarters buildings, which will be worth 1.9 billion, will not be saved.
Not only that, his Xiangjiang headquarters is ready to cash out. A large number of staff are concentrated in Guangdong. The Xiangjiang headquarters is actually of very little use. It would be best to rent it from someone else in the future.
Naturally, it is better to buy when the price goes up, and it is more cost-effective to rent when the price goes down.
Chen Pingsheng had clearly calculated that with the completion of the Jinshan headquarters, many headquarters buildings in other places would have no purpose.
Rather than leaving it there and waiting for it to depreciate, it is better to sell it as soon as possible and pocket billions.
Just as he was told, he began to publish the sale information of three buildings.
Those who can afford his headquarters building are definitely not bad at it, and most of them know each other or are in the same circle.
Especially the Hong Kong headquarters building, which cost more than 10 billion Hong Kong dollars when he bought it.
The current sales price is at least 12.5 billion.
If you keep the storefront in your hand, you can still earn rent for your own home. Once the market situation goes bad, the daily decline of these buildings will be a huge amount.
It is normal to lose thousands of dollars in one day, and there is really no need for him to waste it like this anymore.
Selling a property is not an easy task. Those who can afford it actually know that the real estate turning point is coming.
We have been raising prices to reduce inventory for many years. What can be sold has been sold long ago. If it is really unsaleable, we can only think of other ways.
The richest man in Xiangjiang, Li, sold out aggressively when prices were raised to reduce inventory. Although he made a lot less money, his move was also the smoothest.
There were many takers at that time, but it is different now. There are very few takers.
If you can still run away smoothly, you really need a few brushes.
Because Chen Pingsheng is not in a hurry, he will sell it if he can. If he cannot sell it, he can only wait for the price to drop.
Anyway, something of this value cannot be sold through an intermediary, and information can only be conveyed in the wealthy circle.
Someone at the Xiangjiang headquarters quickly asked, and it was a tycoon he knew, who offered a 20% discount, which means he only offered 10 billion out of the original price of 12.5 billion.
This takes into account the decline in the next few years.
You are so smart, then why should I sell it to you?
Chen Pingsheng refused without hesitation. He could make a counteroffer, and the bargaining space was a 50% discount.
Love or not.
He’s not short of cash, so why should he give you a 20% discount?
Lao Wang, who is short of cash, has been selling high-quality assets at 50% off, 40% off or even lower prices this year.
Chen Pingsheng definitely doesn't need it. He has money and is very tough. There is no way to get any advantage from him.
Let’s put these three headquarters buildings in the rich circle first. It would be best if they can be sold out before the end of the year, if not.
That would be a real hit.
Market conditions are subject to change. Since the beginning of this year, except for a few wealthy people, most people have begun to become conservative.
Even the real estate eldest brother Vanke shouted three times in a row: "Stay alive, stay alive, stay alive."
From these three words alone, we can see that Vanke is extremely unfavorable about the future real estate situation.
Let alone expansion in the future, surviving is a victory.
Only Xu Belt, after the real estate boom died down, he actually shouted the slogan of investing 300 billion in new energy vehicles.
We must also achieve world-class leadership by 2025, and even become the largest car company.
If he could do it, Chen Ping would not believe it even to death.
This guy couldn't sing a typical story, so he started to change another story and continued singing.
It's a pity that even he can't remind the kind of users who just want to buy a belt off-plan.
There are so many things involved in real estate that no one dares to take the initiative to pierce this layer of paper.
That's not being a hero, that's simply seeking death. (End of chapter)