Chapter 678 Hong Kong Conference and Holiday
It's the eve of high school vacation.
Chen Anan also saw the shocking news in school about the bombing of the city.
Anyone who can feel the excitement in this hotspot is an outsider.
Even those who sit at the children's table will be looked down upon and sneered by the locals.
For example, Chen Anan is like this. A car worth several million is nothing.
The top wealthy people all use private jets and multi-billion super yachts.
Not to mention that the conditions of foreigners who can travel to the magical city are not very ordinary.
Just like Chinese people who study abroad or even travel frequently, who doesn't have tens of millions of assets in their family?
The truly wealthy class despise the behavior of showing off their wealth. Only those who have no money or suddenly become rich like to show off their wealth.
This is not shocking at all, it is just a joke for no reason.
Her father also specially waited for her to go to Xiangjiang during this winter vacation in order to attend the Tengying Group Global Shareholders Economic Exchange Meeting.
Anyone who can have a chair there starts out with assets worth 40 to 50 billion, and what they discuss is naturally not a trivial matter.
It can be said to be an important turning point meeting in the post-illness era.
The school is about to have a holiday. After the first semester of high school, besides gaining some new friends and classmates, she can't say that she has gained much.
The knowledge she learned in school was far inferior to what her father took her to see.
On the day of the holiday, she took the special car arranged by her family directly to the Shanghai Airport.
From the airport, she and her father took the family's top-of-the-line Sky One, worth more than 700 million, to Hong Kong.
Also traveling with her were her sister Erpiya, her brother Chen Lu, and her mother Yanxi.
The other ones are her own secretary Shen Youwei and Tang Jing.
Apart from their family, the only people left to attend the meeting there were Tengying's earliest global investors and the dean of the Economic Research Institute.
The conference center is not in my own home, let alone an office building, but in a top private club in Xiangjiang.
This was bought by Chen Pingsheng himself for more than 3 billion yuan. It was specially used to receive friends and family gatherings and hold meetings.
Everything inside is very confidential, and there are a lot of entertainment facilities.
The theme of this meeting is also very clear. The first is to affirm the previous industrial integration.
Then for industrial integration, some specific and rapid integration methods are proposed.
This is just a discussion section at the capital level.
Another sector is the post-COVID-19 era. Although the COVID-19 era has passed, there is no doubt that the economy has also declined.
It can even be said that the whole world is facing severe tests.
And under this severe test, how can we find new opportunities?
There are two other points. One is to carry out a larger industrial layout for the global economy.
As well as the major changes that are about to occur in the field of AI artificial intelligence.
First of all, in the capital game, they are all experts, each with their own tricks, and overall they play very smoothly.
The second is foreign trade exports, which will definitely be greatly restricted in the future. For the step of building factories overseas, Tengfei New Energy has already started construction as early as 2022.
What we have to do now is how to sell it well overseas.
Secondly, investment in the global field must also be carried out. Many domestic industries are in decline due to real estate.
However, some backward places overseas are on the upswing, and some places are still similar to those in China in the 1990s.
It is in the initial stage of take-off.
As a large global cross-industry capital group, Tengying Group must find these new overseas locations.
As expected, National Dream Fund will also invest across the sea.
Whether it is his own Wall Street capital, Tong Zelan including Shen Nanpeng, or the Economic Research Institute, they have been looking around the world.
This is the nature of a businessman, buy low and sell high.
Chen Pingsheng will also personally allocate no less than 30 billion in funds for overseas investment in 2023.
Together with others, they can easily put together a huge investment of between 150 billion and 200 billion in 23 years.
Used to buy some very large projects at low prices.
There is no such thing as starting an overseas project from scratch. The fastest expansion has always been through buying and selling.
In addition to this normal overseas investment, AI has also been clearly identified as the core technology of the future.
Domestic AI technology can only meet the standards of young children. While Yaya is still learning Chinese, overseas has been researching it for many years.
Chen Pingsheng’s AI research and development includes a series of fields such as intelligent driving, artificial intelligence, and robotics.
He wants to quickly achieve accumulation and technological transcendence in this sector, in addition to accumulating certain basic patented technologies.
The most important thing is to complete the global expansion overseas.
To put it more simply, spend money to buy technology, or to buy a technical team.
The technologies developed by some overseas technical teams are not bad, but many are unsustainable due to lack of R&D funds.
At this time, his opportunity came, and he could directly spend a huge sum of money to buy it all, including the patent.
To some extent, many technology giants do this.
Once it feels that your technology threatens it, it will either spend huge sums of money to buy you out, or directly attack it with legal weapons.
This is also the main reason why early domestic technology products were unable to go overseas at all, because of technology patents.
Being a defendant at every turn, you will be punished so easily that you will doubt your life.
There are many patent trolls overseas.
If his own AI technology wants to develop rapidly, the fastest way is to spend huge sums of money to buy more basic patents from overseas, so as to prevent him from being unable to resist when he goes overseas.
Whether it’s time to say it or not, this step needs to be taken immediately.
In 2023, whether it is the launch of Ascendas New Energy, or cashing out of Google or Nvidia.
This means that he will not be too short of money. In this case, he plans to spend 50 billion to completely improve the basic technology accumulation in the AI field and acquire some cutting-edge technologies.
Ensure that Tengfei AI can complete its own blockbuster technology around 2025.
It was not easy. The meeting and discussion lasted for three days in total.
During this period, domestic investment was not mentioned much. The main reason was that the current domestic situation was not suitable for heavy investment.
The golden period has passed, and the next five to ten years will be all about maintaining business.
Chen Pingsheng's main investments are in overseas markets.
Domestically, the main focus is on the research and development of new energy vehicles, including AI artificial intelligence, and solid-state batteries.
In fact, AI also includes general health. In the future, AI may be able to treat people.
It is also more professional than ordinary doctors. Don’t think this is an exaggeration. This is a trend in the development of AI.
What it wants to eliminate is not just ordinary assembly line workers.
There are also many professional fields, including painting, animation production, sketching, driving, and medical treatment.
All I can say is that anything is possible.
If there were no particularly large application scenarios, it would not be defined as the future core technology industry chain.
The reason why Apple gave up building cars is that it judged that the end of building cars is AI.
That being the case, why doesn't it go all out to develop AI?
This is also the main reason why Chen Pingsheng wants to increase investment in the AI field.
He does have money, but certainly not as rich as Apple. In 2022, Apple’s annual net profit was US$99.8 billion.
I don’t know who dares to say that it is not working. The profit is beyond the imagination of ordinary people.
I have to admit that Chen Pingsheng himself is also gambling.
When it comes to competition in the new energy field, the strongest opponent is only Tesla.
But AI is different. It completely brings together the world's best top technology giants.
Including Nvidia, Google, Apple, Microsoft, etc., none of these giants are easy to compete with.
His investment of 50 billion a year seems like a lot, but in fact it is only one-fifteenth of Apple's annual profits.
It's that exaggerated.
In addition to investing 30 billion overseas and 50 billion in the AI field, he basically does not need to spend too much money in other aspects.
The core competitive field in the future will still be technology.
This thing does not happen overnight, and it is completely uncertain whether AI can really be achieved.
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After all, AI involves too many fields, ranging from various robots, including artificial intelligence, to writing online novels. It will one day achieve disruptive creation.
Ordinary online authors can write five to six thousand words in a day, but AI is different. It can use a lot of analysis and computing power to write hundreds of thousands or even millions of words in an hour.
Just keep investing in the basic framework and models of the novel.
If this thing really develops to its peak, it's hard to say whether it is good or bad.
But one thing that is certain is that it will replace countless industries.
Even the next-generation core technology of mobile phones is AI mobile phones, which shows how wide its application level is.
The reason for investing 50 billion is to build more AI center research institutes in overseas developed countries.
Regardless of whether he can do it well or not, he still has to grasp the next generation trend.
After the meeting was completely over, Chen Anan took a lot of notes.
In her understanding, large-scale business activities all depend on trends.
If you want to make big money, you must set your investment focus five or even ten years from now.
Whether it is business or investment, the essence is to buy low and sell high.
Technology is different. It requires you to invest first. After you are optimistic about a point, you can concentrate all your manpower, material and financial resources to overcome one major difficulty after another.
This time may be three years, or it may be five or ten years.
You have to invest before you can reap, and you have to withstand the pressure.
It’s done, the bowl is full.
If it doesn’t work, everything will be lost.
As for her level, she will definitely still be based in the country, but she will also focus on the world.
Xiangjiang is also the pinnacle of the land rent economy, with housing prices among the highest in the world.
The four pillar industries have always been finance, trade, real estate, and tourism.
Even if it is so developed, there is no shadow of physical manufacturing and technology industries at all.
It can be said to be another peak.
Their family didn't stay in Xiangjiang for too long. They returned to Shanghai after holding the global shareholders' meeting.
After being ill for three years, Tengying Group's annual meeting has not been held. Year-end bonuses and other matters are paid directly to the card.
The disease has just passed this year, so we can have some fun.
In the first two days of the holiday, the group held the 2022 annual summary meeting in Jinshan.
They hold an annual party, which is a lively event. It can be said that there are many stars gathered and big names everywhere.
There are 70,000 to 80,000 employees at Guangjinshan Headquarters. If we include overseas employees, including high-level personnel from all over the world.
That started with 80,000 to 90,000 people.
Ordinary venues cannot accommodate so many people, so the largest gymnasium is needed.
This annual meeting was not in vain. Chen Pingsheng announced several major decisions on the stage.
The first is to celebrate the passing of the illness, and the second is to remind everyone that the era after the illness is likely to be more severe than before.
Some other sections announced are the group's financial report and the group's revenue in 2022.
Many sectors are not included in the calculation, but what is certain is that they are still the richest among domestic private companies.
Cash reserves continue to lead.
Thanks to the smooth listing of Tengde Era, Tengying Group's year-end bonus in 2022 will be as high as 6 billion.
This is still an independent bonus without group dividends, which can be said to be very exaggerated.
It is also a reward for the hard work achieved in the past year.
Tengying Group does not encourage the spirit of hardship from beginning to end, but it will definitely recognize the dedication of its employees.
For those employees who are willing to work hard and take ownership of the group, Chen Pingsheng will never let him down.
Will use large amounts of money to meet their financial needs.
This is much better than drawing a big pie and giving empty praise.
After all, no one works for money. If you pay, you must be rewarded. This is normal.
When the New Year is over, their family will also have to decide where to spend the New Year.
Erpuya doesn't want to look back at Wangcai Village. No matter how big a rural area is, it is still a rural area.
She had grown up in a big city and was used to the prosperity of the city. After going to the countryside, she was no longer the same no matter how much fun she had.
As for Chen Anan, it's okay. The Demon City can stay here, and it's okay to go back for a few days.
After much discussion, it would be better to just go back next year and stay in the Magic City this year.
Anyway, the younger sister Chen Qi and her family also stayed in the Magic City, but the eldest sister went back early.
Erpuya's daily life during the winter vacation was relatively happy, and she also learned from her father.
Send New Year red envelopes to Dada employees and ask them to come back to work early after the New Year.
The annual leave of most companies is 15 days, and the holiday is taken before the Lunar New Year.
Without the personal care of big and big companies, she is no longer a top three president.
Instead, she became a normal ten-year-old princess.
There is no ambiguity about where to go every day.
Either I go fishing on my family's super yacht, or I go to a shopping mall to see if there are any new products I like.
On rare occasions when she is at home, she can't sit still and plays around.
Chen Lu kept it simple. He quietly sent someone to find Su Xiaoxi, and then ran over to play with her.
The only difference is Chen Anan. A year ago, she actually called two female classmates and prepared to have a walk of her own.
What does it mean?
The three girls took seven or eight bodyguards with them, and then went to look around in remote places in the country.
Now that my daughter has grown up, she already knows that she wants to travel.
Chen Pingsheng did not stop them, but asked them to be careful when going out.
The country is still very safe, just don't run out of the border.
(End of chapter)