Chapter 660 Another Spring
If you want to cultivate a person's self-confidence, of course you can't just let her learn to spend money.
The most important thing is to take her with you to familiarize yourself with the operation of the entire enterprise.
Chen Pingsheng and Tang Jing arranged for Xiao Le to be an intern in the group secretarial team.
Let’s not talk about the salary of staying here. The most important thing is to understand the core operation of a large group.
Various complex interpersonal relationships can also be observed from this.
For example, Tengying Group's political and business relationships cannot be seen at the grassroots level or in the general management.
However, the secretarial team can find that Tengying Group's large investments are often in line with national strategies.
For example, we have been investing heavily in new energy, AI intelligence, solid-state batteries, etc.
These are future industries that are advocated by the above and even expected to be developed by leading companies.
Although the risk of investing money in this is infinitely high, the political resources obtained accordingly are not comparable to those of ordinary Internet companies, or even traditional companies.
It can be said that Tengying Group's most popular stores are its traditional stores located in major cities in China.
Whenever you walk in a city or county, you will find a slightly livelier street.
There will definitely be traditional Tengying Group stores, and there will be more than one or two.
These are just outsiders' most intuitive feelings about Tengying Group.
Including Tengying Entertainment, which controls half of the entertainment industry, and Tengyou Media, which has hundreds of thousands of Internet celebrities.
They are all just companies with their external appearance.
What makes Tengying Group truly powerful is the political resources it has gained through years of investment in the entire new energy industry chain and heavy investment in the AI sector.
Tengying Group is the well-deserved uncrowned king in Jinshan, and this is no joke.
Only when you join the secretarial team can you know where the real core of Tengying Group lies.
The traditional sectors, except for short videos, are basically businesses that are not very profitable for the group.
The group’s overseas investment fund, Tengying Capital, controls over US$40 billion in cash assets.
Tengchao Commercial Management has core commercial real estate worth over RMB 120 billion.
Ascendas New Energy, Ascendas Times and Ascendas AI, which are wholly owned by Ascendas Capital.
At least they all have a net worth of no less than 300 billion.
These things are the real hidden core assets of Tengying Group.
It has never been announced to the public.
The work of the secretarial team is very complicated, and its main responsibility is to help Chen Pingsheng personally organize various information.
As well as dealing with daily affairs of some groups, interpersonal reception, etc.
Here, Xiao Le went from being ignorant at the beginning, to slowly adapting, and later he was able to receive all kinds of big shots with a natural attitude.
It took eight months to complete the process.
Her sister Xiao Ya also follows her example and works as an intern here whenever she has time off.
I have to say that this kind of opportunity is not available to ordinary people.
……
The days passed by slowly, spring passed and autumn came, and eight months passed in the blink of an eye.
Affected by my illness, 2020 has not been a good year, and it is another summer vacation.
Chen Anan's second grade of junior high school is over, Erpuya will soon be in the fourth grade of elementary school, and even Chen Lu, the youngest in the family, will be in the first grade of elementary school.
For adults like them, time is nothing more than watching their children grow up day by day, and then making money, making money, and making more money.
2021…June.
It has been a year and a half since the onset of the disease, and the end date is still far from certain.
Tengying Group also had a difficult time in 2020.
Feiyangyang’s annual net loss reached 620 million.
The market value of Bobo Milk Tea has dropped to 1.2 billion, and the annual net profit is less than 30 million.
Fortunately, Antler Coffee’s profits have not been affected much.
Snacks Kuaipao, Tenghui Department Store, and Shuiyunjian all experienced a 30% decrease in net revenue compared to 2019.
The traditional catering industry is in turmoil.
The living environment of small businesses is difficult.
If major companies can pay wages normally, they are considered pretty good.
Most have either laid off employees or gone out of business.
Consumption is falling again and again, and the market is visibly getting worse year by year.
Of course, this is not the case in all industries.
New energy vehicles have developed rapidly, with a market share of less than 3% at the earliest and rising to about 30% now.
This means that for every 10 cars sold, three are new energy vehicles.
Xiaomi's Rebus gambled his life's achievements and chose to build cars for his last venture.
Huawei does not build cars, but it helps car companies build cars and serves as an industry intelligence supplier.
This industry is becoming more and more popular.
But Chen Pingsheng still sits firmly on Diaoyutai.
Tang Jing came over to report that the new super factory with an investment of 20 billion in North America will be officially completed in less than a year.
Kingsoft’s 28 billion national artificial intelligence industrial park is expected to be completed in another two months.
These are all major investments he made in 2020 and are also part of the group's core industrial chain.
Compared with investments in the technology field, losses in traditional sectors are nothing to worry about.
Tang Jing brought Xiao Le over to report: "Big boss, after the completion of the artificial intelligence industrial park, it will recruit 10,000 to 30,000 professional talents in the country. This is a future data report issued by the Finance Department."
Chen Pingsheng took it and looked at it roughly. It cost about 15 billion to build this industrial park.
Among them, the land is still free, and the remaining more than 10 billion are all the future operating costs of the industrial park.
Judging from the financial statements, at least 10 billion to 15 billion are invested every year.
The technology industry is like this. You spend crazy money in the early stage, and you can only make profits at high prices after many technologies mature.
It is obvious that although Tengying Group has invested more than five years in the AI sector, it is still far from reaching the internationally advanced level.
After spending 80 billion, it is still barely at the second-tier level in the world.
It is still far from the super-first-line AI technology level of Google and Nvidia.
This is actually normal, otherwise why would others have a market value of trillions of dollars.
As early as November last year, he put together the more than 40 billion needed for Tengfei New Energy's development this year.
It’s just that we have to wait until now and need to raise money for 2022.
Not only does Tengfei New Energy need money, but the AI Industrial Park also needs it.
He is now developing AI intelligence as a core project alone.
Being independent from Ascendas New Energy, the battery is also independent.
It is divided into three major sectors: car manufacturing, batteries, and AI, all of which will be independently listed in the future.
More than half a year later, he still had no shortage of money. He turned on his computer and took a look.
Google, which invested nearly $50 billion last year, has seen its share price rise to $1.2 trillion.
It rose from US$700 billion to US$1.2 trillion.
The 1% of shares he owns makes a net profit of about US$5 billion, which is 34 billion when converted into RMB.
It can be regarded as a typical wise investment.
As for Nvidia, which has been holding 3.5%, its stock price has risen to US$800 billion.
The only pity is that Tesla cashed out too early. He was stuck with more than 500 billion U.S. dollars in cashing out, but this year it has risen to 800 billion U.S. dollars.
If he cashed out this year, he could earn an extra $30 billion.
The stock market is like this, with ups and downs no one knows what will happen tomorrow.
Even more pity than him is Big Penguin, who also invested 5% in Tesla. Big Penguin was sold in 2019, and it can only be considered extremely low compared to this time.
Not even one-fifth of the current high level.
In comparison, he is pretty good, so this thing is nothing to be sorry for.
It's just that he needs money again now. Whether to cash out Nvidia or Google, he still can't decide for a while.
Judging from the gains in recent months, Nvidia's gains have been significantly smaller.
Google is very stable.
After much thought, he decided to cash out 1% of Nvidia first.
A one-time cash-out of 1% will probably yield 8 billion US dollars, which can also completely solve the R&D funds required by Tengfei New Energy in 2022.
After all, if converted into RMB, this would be almost 50 billion funds.
After cashing out this time, he only has 2.5% of Nvidia left.
Of course, there are also a lot of corresponding benefits. With 50 billion R&D funds every year, the core technology of Tengfei New Energy can be pushed forward a lot.
6◇9◇Book◇Bar
These include three-electric technology, hybrid, extended range, and solid-state batteries.
In two years at most, Tengfei New Energy can completely turn losses into profits.
At that time, he will no longer need to invest money.
With the shares in his hands, there is no problem in holding on for another two years.
It is enough to cash out 1% every year. Once the money problem is solved, everyone can develop with peace of mind.
As for other aspects, that is not the key.
"Big boss, Tengyou Media's market value will soon exceed 300 billion."
"This is really surprising, even I didn't expect it."
Chen Pingsheng only has 10% of Tengyou shares left in his hands, which translates into assets of 30 billion.
Most of his Tengyou shares were cashed out within the 80 billion range.
At that time, I was already making a lot of money, but I didn’t expect that the short video business would develop explosively in the past two years.
Tengyou Guild alone has 360,000 contracted anchors.
Compared with last year, it increased by almost half.
Most of the contracted anchors make money through live broadcast rewards, and a small number of them rely on bringing goods.
These people don't need any training from them, let alone extra wages.
Signing one is a net profit.
Over time, hundreds of thousands were signed.
There are countless big internet celebrities.
One year later, the growth of Tengyou Media alone can make up for the losses of all traditional sectors.
Tang Jing said with a smile: "I have been buying Tengyou Media and made more than 9 million in two years."
"Awesome."
Chen Pingsheng said: "When Tengyou Media achieves a market value of 300 billion, Zhang Wanyi can also get her 1.5% option shares. She has become the domestic working queen, even more powerful than Chu Qiuyan, and so can you." You have to work harder.”
"Well...I really have to work harder."
Tang Jing is quite satisfied with herself now. If she has the opportunity to go out and take over a large company of Tengying Group, of course she would be willing to do so. If she does not have the opportunity, she would be happy to be a secretary next to the big boss.
However, she paused and then said: "Xiao Ya has already passed the civil service exam, and will probably be transferred to the Jinshan Palace Office as an intern in a few days. Shouldn't we also make arrangements here?"
"It's really time to make arrangements. After she arrives later, I will ask District Mayor Jin to have dinner and talk about investing in the second phase of Tengying high-end community."
Tang Jing was speechless, "This is an investment of up to 20 billion. I gave her such a big project as soon as she came. She will definitely rise to the top in the future."
"She is also very hard-working, and she has been an intern with you in the secretarial team for several years. She should have the ability to master it."
Xiao Ya has been training him since his freshman year, and her sister Xiao Le also started to learn how to spend money with him last year, and then was transferred to the secretarial office of the group headquarters for an internship.
It’s been almost a year so far.
It is not easy to truly cultivate a person. It requires not only money but also countless efforts.
Xiao Ya entered Jinshan as an intern, and the Tengying Phase II project with an investment of over 20 billion was a good start for her.
After she becomes stable there, she will start looking for a marriage partner.
We must stick to the plan step by step without making any mistakes.
Fortunately, the two daughters in the eldest sister's family are indeed obedient and are very worthy of training.
Unlike Hu Lin, who is just a stickler.
His younger sister Chen Qi especially likes him. Of course, Hu Lin is good as a brother-in-law.
He takes very good care of his little sister and the children.
Seeing that Xiao Ya is slowly starting to hit the road, Xiao Le's freshman year is also over, and he will be his sophomore year in September this year.
It will take another two years to actually develop it.
This is completely using the resources of Tengying Group to push them forward.
I hope that the future will not disappoint expectations.
Speaking of which, Tang Jing was quite envious. How could an uncle nurture his niece like this?
It's the first time in the world, okay?
The main reason for this is that Chen Pingsheng will not let Chen Anan, including Erpiya, into that circle.
They are both their own daughters and have the right to choose the lifestyle they like.
The two at the eldest sister's house are different, they are all arranged by him.
Many people will reject it, which is because they have never been beaten by society.
If this kind of opportunity is given to ordinary people, their ancestral graves will explode and their homes will burst into smoke.
After arranging some things for the group, Chen Pingsheng asked Xiao Le again, she was now a twenty-year-old girl.
"Le'er, you still have to intern here during the summer vacation, but you can have two days off on Saturday and Sunday."
"Uncle, I know."
"Well...don't you want to have a freshman reunion? Go ahead, uncle will give you a day off."
"Okay, thank you uncle."
Xiao Le left happily. She was not the ignorant young girl last year who liked to show off her Aston Martin.
In this year, she did not know how many important people she received.
Not to mention those in the shopping mall, there are few who have a higher status than her uncle.
It's different in the political arena. Various big figures often come to visit with groups.
As time goes by, don't you slowly start to become more confident?
It's not the kind of superficial confidence, but the kind of confidence that radiates from the inside out.
It is also called the sense of relaxation of rich people, who can deal with everything indifferently.
He is no longer the kind of character who has to go to his parents whenever something happens, and who can be blackmailed just by saying a few words.
She actually knew very well that no one could blackmail her uncle, but that was the main reason why he wouldn't deal with it.
That kind of trivial matter is so inconsistent with his business status.
If he goes to the group's legal office to sue someone for blackmail or something, especially in a place like Jinshan.
It is easy to create a stereotype of bullying.
It's like an elephant not looking at a passing ant.
Last year she bought a Rolls-Royce Cullinan, and this year she bought a red Ferrari 812.
If a woman is rich, she will definitely want to own a Ferrari in her life.
This is a car that cannot be avoided unless you have no money.
Xiao Le happily rushed to attend the class reunion.
(End of chapter)