Even his wife did not agree with Chen Pingsheng's decision to spend 72 billion to once again increase his holdings in Nvidia during its trough period.
This is actually normal, after all, Nvidia has been falling continuously this year.
Anyone who looks at it will think that it has further room for decline.
When everyone was selling, he spent more than 70 billion to increase his holdings.
It can be considered a very bold gambling behavior.
His gamble is not on the small gambling table, but on world-class industrial projects.
It doesn't matter if we lost 70 billion on NVIDIA last year, as long as we can still make it back.
Also in May this year, he took a trip to Singapore on his private jet.
The 140 billion project invested by Tong Zelan and Shen Nanpeng in Xiangjiang has been completed.
Future profits are exactly as expected. The net profit is not too high, but it is better than stable.
As long as there is no war, his project will have a net profit of at least five to six billion every year.
The amount allocated to him personally is almost 700-800 million.
This kind of investment is indispensable to him. If something happens in China, these projects will be the cornerstone of a comeback.
In addition to this, the second phase of Tengying high-end community with an investment of 38 billion will also be completed before the end of the year.
It only took a year and a half from the start to the end, which fully reflects the speed of domestic infrastructure construction.
Of course, he will also invest 10 billion in it to make up for the final amount of funds.
Ten billion is nothing to him, and he can cash out by just taking out some shares.
The 3.5% stake he holds in Douyin Group has recently been valued at US$200 billion.
Facts have proved that he still made a lot of money from this investment.
The development of Douyin Group has exceeded expectations and has become the largest unicorn among domestic unlisted companies.
Many people want to buy some shares from him.
He also used 0.5% to cash out 1 billion U.S. dollars, and he still has the remaining billions at home.
Douyin Group has also begun to go public, but its valuation is too high, and it is not easy to complete such a high IPO.
It takes several years of preparation work. If he sells a little now, he still gives away a small profit.
After all, everyone knows the profitability of Douyin. To describe it in one sentence, no matter how much money you lose, Douyin can make it back for you in one day.
If an expert shoots a video, he must vote for DUO+, and one hundred can buy ten thousand views.
There are countless live broadcast rooms that also want to buy DUO+ to attract traffic to their live broadcast rooms.
Not to mention those corporate advertisements and various small shops selling goods.
Its one-day profit is indeed beyond imagination, fully worthy of its current valuation of US$200 billion.
After Chen Pingsheng invested this money into the second phase of Tengying Community, the funds required for this project were completely completed.
As soon as all the houses are built, he can officially sell them to employees.
By then, the investment cost of 38 billion will be recovered.
After the second phase of housing is invested, he will be able to achieve a 40% occupancy rate for employees at Jinshan headquarters.
That's right...if these more than 40,000 houses are invested, and the previous phase is included, only 40% will be completed.
He will definitely invest in three phases to build tens of thousands more units in the future.
When we start to make back our investment, we can use this money to invest.
At the end of June, the only major event for the group was the official release of Longteng S900, which has been in preparation for several years.
At this time, Tengde Times is also preparing to be officially listed, with a planned market value of 300 billion yuan.
As the largest lithium iron phosphate battery manufacturer in China and one of the most advanced manufacturers of solid-state batteries in the world, this valuation is not too outrageous.
Only when the Longteng S900 is officially successful will it be able to make its way back to Dongfeng.
Unknowingly, it has been more than two and a half years since the disease occurred.
From 19 to this year.
If we talk about the changes in the economic situation, they are definitely earth-shaking.
The real estate industry has completely turned into a sunset. Those who have bought a house are crying, and those who have not bought a house are unable to accept it.
Those who are still willing to buy steel and concrete are those who are forced to buy a house by marriage and have real urgent needs.
It is already priceless but has no market.
As for the tourism industry on the market, including the hotel industry, those that can still survive are really suffering.
The same goes for the restaurant industry.
In the more than two years since the onset of the disease, Tengying Group's traditional sectors have accumulated losses of more than 4 billion.
Among them, Feiyang Yang's family had a net loss of more than 2 billion.
Even now he has not reduced employee benefits.
As for Bobo Milk Tea, Tengying Entertainment, and Snacks Kuaipao, they include investments in a series of traditional small businesses.
All are suffering heavy losses.
If this were an ordinary enterprise, it would not be able to survive long ago.
The condition that has lasted for more than two years has worn down the person to the point where he has lost all temper.
It is said that there will be a wave of retaliatory consumption after the illness. This is pure nonsense. People now have no money.
Even if you have money, you don’t dare to spend randomly. In the past few years, how many middle-aged people have fallen into doing takeout and Didi.
Many breadwinners of the family have been forced to face salary cuts and unemployment.
There is still a condition that serves as a fig leaf. Once this thing passes, everyone will know the result.
Fortunately, their family has undergone a comprehensive transformation.
Not only is he doing well in the technology field, but his wife is also doing the same in the health field.
Moreover, business in Singapore is running smoothly.
This loss in the traditional sector is nothing compared to their other businesses.
Tang Jing also came over to report to him that the ten-year option received by Zhao Liying was about to expire.
According to the current stock price of Tengying Entertainment of more than 70 billion, the value of her option is about 3.5 billion.
Tengying Entertainment has dropped from a maximum of 160 billion to more than 70 billion now.
A drop of more than 50%.
If Zhao Liying cashes out now, Tengying Entertainment's stock price will plummet again.
Should it be said or not, there must be a good solution for the options on her side.
Chen Pingsheng said: "Now is the wrong time to cash out. If she wants to cash out, the company will first take 500 million to buy back."
This is all we can do now. Zhao Liying's energy alone exceeds the sum of the three major flowers.
This is no joke, she is so talented in the TV series.
The true queen of TV dramas.
If the news of her cashing out were announced, the stock price would easily plummet.
Staying calm first and waiting for the condition to completely pass is more important than anything else.
When Zhao Liying came over, Chen Pingsheng also talked with her and spent 500 million to repurchase 1% of the shares.
Tengying Entertainment has many actresses who have received stock options, the first being Zhao Liying and Yang Mi.
The agreed cash-out time is ten years, which means that the equity will belong to them after ten years.
Although Tengying Entertainment is a very normal means of retaining people in business operations, it is far inferior to its peak period.
But now it can still hold more than 70 billion, and it is still the first real stock in the entertainment industry.
It can be regarded as living up to the hard work of these ten years. After the illness is over, the stock price here should still rise sharply.
After all, he has gathered half of the entertainment industry, whether it is against the box office or the director of commercial films.
Or maybe the actors in the anti-dramas are on his side.
If it hadn't been for the impact of the disease, which has caused frequent shutdowns over the years, Tengying Entertainment would never have a market value less than 100 billion.
It's okay for him to temporarily spend money to buy it back.
……
After a while, Gao Hu and Chang Fu came to see him again.
Chang Fu has been playing steadily for more than a year. He lost more than 700 million in the stock market last year.
As for the reason, when the stock market crash comes, no one can run away.
Last year, domestic stock prices kept falling and running away.
Even more shameless are the listed companies that have issued statements asking all shareholders to foot the bill.
Check out the 16-9 book bar and see the correct version!
The domestic stock market is such nonsense. If you want to make money by stock trading in China, the difficulty level is simply not too high.
Chang Fu was originally very unhappy, but when he thought about Chen Pingsheng's loss of 80 billion on Nvidia, he instantly lost his internal friction.
The two of them didn't have much to do together this time, they just wanted to chat.
"Old Chen, you are so irrational. How can you still spend more than 70 billion to increase your holdings in Nvidia? Isn't this just a meat bun that beats a dog and never comes back?
"You've already lost 70 to 80 billion, and you still want to lose a little more?"
Chen Pingsheng explained, “It is beyond my expectation that NVIDIA’s stock price has fallen to this level, but it is undeniable that its AI intelligent technology, including chips, computer graphics cards, etc., are among the best in the world. With these technologies Sooner or later, the stock price will rise again.”
Chang Fu shook his head, "No matter what you say, I won't buy it. It would be really miserable if it got stuck.
"I have one more thing to ask you. Is the illness almost over?"
"Almost!"
Chen Pingsheng said: "It has been treated as a common cold overseas, and it has been going on in China for more than two years now. Many people have long proposed to let it go. It should be over in half a year at most. By then, it is estimated that not many people can Can run away.”
"We can't avoid it?"
"It's certainly inevitable."
Okay... They are all well-informed and already know what this thing is about.
To put it simply, it won't kill people, but it will also have a big impact on the body's immunity.
In the later period, it was all about exercising more and keeping in good health.
“I don’t know what it will be like after I let go. It always feels like everyone has been holding it in for several years.”
At night.
The three of them drove home together again, and Chen Pingsheng drove a customized Range Rover Royal One.
Very domineering, which suits his current temperament very well.
There are still many people living in their Jinshan super villa. Chen Fan got divorced again and started looking for a new wife.
Now that he has learned a lesson, his wife has to run away anyway, so why not just buy those beautiful ones.
As for other relatives, cousins, etc. from their hometown, after adapting to life in the magic city, they basically cannot return to the countryside.
Everything here is gorgeous and colorful. You can find everything you want to do and eat in the villa.
More than 200 service staff are on hand around the clock, so you don’t even need to wash your own clothes.
It's just that I was limited by the kind of family education I had in the past, and I couldn't become a business owner.
It's pretty good to be able to make tens of millions of dollars a year.
If ordinary people want to create a big boss, there was still some possibility in the 1990s, but now it is really unlikely.
Even with his current strength, he can only train so many people.
And all the people he trained are to be released into politics, and it no longer makes sense to engage in business.
The next day, he drove to Dafuiwa's Anle Fund.
After her wine business failed, her second entrepreneurial project turned out to be virtual reality entertainment.
It's roughly like going to dozens of shopping malls to open VR entertainment experience halls.
This kind of project is also a type of AI artificial intelligence. Wearing a VR thing on your head will give you an immersive feeling.
It's quite popular in big cities, but it's still rarely popular in small cities.
Playing for five minutes at a time will cost at least dozens of dollars more.
Not a cheap project.
This project was proposed by Chen Anan herself. She wanted to do this after going to the Magic City Guojin once.
Unlike red wine, VR entertainment is obviously more suitable for her.
From the early preparations to recruiting troops, it will take at least several months.
This kind of project is not too complicated and does not require advertising everywhere.
Only young people like to play.
Chen Pingsheng didn't ask too many questions, he just got to know him and left.
In any case, these are just Dafuji's trial projects.
Whether she succeeds or not will not affect her ability to inherit hundreds of billions of wealth in the future.
What is being cultivated now is just her ability to keep her business.
……
Throughout June, Tengying Group has been preparing for the launch of Longteng S900.
This time it is different from the previous low-key, and the pre-IPO work can be said to be overwhelming.
All major online platforms are filled with advertisements for Longteng S900.
It took them seven years to develop a pure electric high-end SUV model.
It was highly anticipated even before its official release.
When this day actually comes, there will be so many domestic media people, including reporters, in related fields.
When it was officially released, Xudong didn't brag at all. It can achieve a range of 1,200 kilometers after charging for 10 minutes.
It can run about three thousand kilometers when fully charged, which is absolutely perfect for daily travel and long-distance conditions.
Similarly, hundreds of vehicles have gone through a test period of 100,000 kilometers before they are truly put in front of everyone.
The style is particularly domineering.
In terms of driving control, new energy vehicles are definitely better than fuel vehicles.
Whether it is the latest generation solid-state battery, the self-developed intelligent driving system, or the chassis efficiency adjustment.
The exterior style and interior details are all worth the price.
However, many people suggested that Chen Pingsheng should tie the marketing direction of Longteng S900 to patriotism.
This will help sales and facilitate future publicity.
How to describe patriotic marketing?
Binding a company's profitable products to patriotism is itself a hooliganism.
He is also an extremely shameless business hooligan.
Patriotism comes from the heart and has nothing to do with any profitable products.
This kind of binding is very easy to be backfired by traffic.
It is also completely inconsistent with normal business behavior. To a certain extent, it is brainwashing marketing.
Chen Pingsheng directly rejected this suggestion and even took the initiative to block media marketing accounts on the Internet that tried to tie Ascendas Motor's products to patriotism.
(End of chapter)