There are at least fifteen relatives from the Chen, Song, and Liu families who came here.
Chen Pingsheng had no time to care about them because he was busy with his own career. He just let them take the money and prove it in the market.
Those who have that ability can stay in the Magic City forever.
Those who don’t have that ability will basically return to the countryside slowly in the future.
Because there are only so many opportunities, and once you lose, it will be impossible to get them again.
Liu Wei was the first to force him to buy a Ferrari by jumping off a bridge.
And his death also made everyone feel an unnatural chill.
After all, a Ferrari is a bit too simple for Chen Pingsheng.
His wife had no idea how many Ferraris were parked there and gathering dust.
Even so, Liu Wei proved one thing with his death.
No one can force him with his life. Don't value your own life.
Don’t even promote your relationship.
He spent hundreds of millions to establish a family entrepreneurial fund just because he did not want the wealth of the younger generation of the Chen, Song and Liu families to derail too much.
He just gave them a few opportunities to start a business, not that he valued the relationship with these people.
So, Liu Wei didn't even show his face after his parents arrived.
This also serves as a reminder to everyone not to attempt moral kidnapping.
It is impossible for someone who is capable of his position to fall into this trap.
If you run out of opportunities, you won't be able to achieve certain achievements, and you won't even be qualified to see him again.
Don’t even try to trade your life for a Ferrari.
Oh...you can burn two of them after you die.
This can be regarded as the most benevolent and righteous.
As the saying goes, if you are poor in the busy city, no one cares about you, but if you are rich, you have distant relatives in the mountains.
At this point, even he himself doesn’t know why he has so many relatives.
Not to mention dealing with their bullshit.
On the last day of May, Ascendas New Energy officially launched the offline testing phase of P6.
The entire event was filled with dignitaries.
There are countless people in the entertainment industry.
Chen Pingsheng issued an order to officially start the half-year 50,000-mile technical safety test of Ascendas P6.
And this is also the last wave of testing before listing.
In order to cope with the large investment in the next six months, Chen Pingsheng will also hold an extra 15% stake in ARA Short Drama and a 3% stake in Xin Teng Live.
The price is 2.5 billion and it is packaged to look for a successor.
Among them, Xin Teng Live’s market value has reached 50 billion, while ARA’s short drama is around 18 billion.
After selling this share, the shares he retains in Ya Teng Short Drama and Xin Teng Live Broadcast will be the same as Boiling Sheep and Snack Run.
Only the last 5% remain.
Short videos are still in the rapid rise stage, and the revenue from short plays is also very good.
By packaging and selling in this way, he can quickly find a suitable taker.
After receiving the 2.5 billion, Chen Pingsheng used the golden finger's random increase.
I don’t know why, but I was unlucky and only got a double.
Even the principal cashed out this time is far from enough to sustain Tengfei New Energy for half a year.
After all, it also has a major research and development project, solid-state batteries.
Helpless, he took out 10% of Tengying Entertainment's shares for tens of billions to seek strategic partners.
Entertainment stocks are just that, and it is impossible to exceed 160 billion in the future. He will definitely choose to retain the company's controlling stake and successfully complete the high-level cash-out.
This is completely in line with the original logic of the capital market.
And all of this is planning for the future.
Sell stocks that cannot rise in the short term and use the money to invest in projects with more room for growth.
This is something every entrepreneur must do, and he is certainly no exception.
Tengying Entertainment is known as half of the entertainment industry, and it has been very stable after so many years. After completing this sale, he will be left with a controlling stake of 10%.
It will definitely not move again in the next five years.
The two consecutive large-scale cash outs also caused considerable repercussions in the capital market.
But both of his money were not used to improve his life, but to expand the research and development scale of Tengfei New Energy.
To improve a better R&D team.
Tengfei New Energy has invested a total of 135 billion so far.
It seems like a lot, you have to know that Toyota's global net profit in 2017 was 2.49 trillion yen.
About RMB 144.8 billion.
It is equivalent to saying that the total investment he has made in the past few years is nothing more than Toyota's net profit for a year.
If you want to be truly global in the field of car manufacturing, you won’t even be able to reach the threshold of 10 billion.
Twenty billion is only enough for foundry manufacturing, and fifty billion is just enough to get started.
Eighty billion is entry level.
And only by continuous investment can Tengfei truly grow into the world's leading new energy vehicle company in the next three to five years.
After this year's R&D investment of 17.5 billion, it is completely enough.
In the next three years, he will invest at least about 120 billion, which means he will maintain R&D expenses of 30 billion to 40 billion every year.
This must not be moved.
Once he decides to do something big, he must have the mental plan to lose money for three consecutive years or even five or eight years.
According to the current sales volume of new energy vehicles, it is simply not possible to support his investment.
There is no way, the technology industry must look at five or ten years from now.
If you only look at the present, except for OEM, any newly established new energy vehicle company will not be able to achieve profitability within five years.
The problem of loss or loss.
In this regard, he believes that domestic Huawei is truly the most far-sighted.
Whether it is chips or self-developed systems, people have been working on it for five or eight years.
After the results don't come out, these things are really just a waste of money.
After the results come out, it will become a surefire way to surpass all peers.
Chen Pingsheng must stick to this line and will definitely not reduce Tengfei’s R&D investment in at least the next three years.
This ratio will only continue to increase.
We will wait until Tengfei New Energy becomes the number one state-owned company.
This is sometimes the case in the technology industry. The founder's vision directly determines the future results of the company.
He once again invested 17.5 billion, which also gave all his engineers, including scientists, a reassurance.
They just need to continue to insist on technological innovation in the R&D center.
Everything else will be taken care of by Chen Pingsheng.
This is also the greatest benefit that his layman boss can bring to everyone.
Ascendas P6 has officially begun the testing phase, and relevant data is also being summarized.
And this will definitely put a depth bomb into the domestic new energy vehicle market.
After all, he really spent three years sharpening his sword.
If you only look at it from the perspective of making money, Chen Pingsheng is sure that the more than 100 billion invested in any other industry will not be worse than new energy vehicle manufacturing.
Because it is obvious that he has to invest at least 100 billion in this industry to see any hope of profit in the future.
And this process will not take less than three years.
Including the existing investment time, it will take a full six years.
This has been the longest wait for Tengying Group.
This half year is still a time to perfect technology.
It will be half a year before we really see the outcome.
(End of this chapter)