Even his wife did not quite agree with Chen Pingsheng's decision to spend 72 billion yuan to increase his holdings in Nvidia during its downturn.

This is actually normal, after all, Nvidia has been falling all year long.

Anyone looking at it would think it still has room to fall further.

When everyone was selling, he took out more than 70 billion to increase his holdings.

It's a very bold gamble.

His gamble is not on a small gambling table, but on a world-class industrial project.

It doesn’t matter if we lost 70 billion on Nvidia last year, as long as we can make it back up.

Also in May this year, he took his own private jet to Singapore.

The project in Hong Kong in which we, Tong Zelan and Shen Nanpeng invested 140 billion yuan has been completed.

Future profits are exactly as expected. The net profit is not too high, but it is stable.

As long as there is no war, his project will generate at least 50 to 60 billion in net profit every year.

The amount that remained in his personal hands was about 700 to 800 million.

This kind of investment is indispensable to him. If something happens in the country, these projects will be the cornerstone of his comeback.

In addition to this, the second phase of Tengying high-end community with an investment of 38 billion yuan will also be completed before the end of the year.

It only took one and a half years from the start of construction to its completion, which fully demonstrates the speed of the domestic infrastructure construction maniac.

Of course, he also has to invest 10 billion into this to make up the final amount of funds.

Hundreds of billions are nothing to him; he can cash out by simply taking out some shares.

The 3.5% stake he holds in TikTok Group has recently been valued at US$200 billion.

It turned out that he 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 took out 0.5% to cash out 1 billion US dollars, and the family still had several billion left.

Douyin Group has also started the process of going public, but its valuation is too high, and it is not easy to complete such an IPO.

It will take several years of preparation, and if he sells some now, he will still be giving up a small profit.

After all, everyone knows the profitability of Douyin. To put it in one sentence, no matter how much money you lose, Douyin can make it back for you within a day.

Experts who want to shoot videos need to invest in DUO+, and one hundred dollars can buy 10,000 views.

There are also countless live broadcast rooms that also want to buy DUO+ to attract traffic to their own live broadcast rooms.

Not to mention the corporate advertisements and various small shops selling goods.

Its daily profit is indeed beyond imagination and fully deserves its current valuation of 200 billion US dollars.

After Chen Pingsheng invested this money into the second phase of Tengying Community, the funds required for the project were fully raised.

Once all the houses are built, he can officially start selling them to his 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 Kingsoft headquarters employees.

That’s right… with the investment of more than 40,000 houses, plus the previous phase, only 40% can be completed.

He will definitely invest in the third phase to build tens of thousands more units in the future.

When the investment starts to pay off, you can use this money to invest.

At the end of June, the only major event for the group was the official launch of the Longteng S900, which had been in preparation for several years.

During this period, Tengde Times is also preparing to officially go public, with a planned market value of 300 billion yuan.

As the largest lithium iron phosphate battery manufacturer in China and one of the world's most advanced manufacturers of solid-state batteries, this valuation is not too outrageous.

Only when the Longteng S900 is officially successful, it will be natural for it to take advantage of Dongfeng.

Before I knew it, the illness had lasted for more than two and a half years.

From 2019 to this year.

The changes in the economic situation are absolutely earth-shaking.

The real estate industry has completely become a sunset. Those who have bought houses are crying, and those who have not bought houses are powerless to accept it.

The only people who are still willing to buy steel and concrete now are those who are forced to buy a house because of marriage.

It's already out of stock.

As for those tourism industries including the hotel industry in the market, those that are still able to survive are really struggling.

The same is true for the catering industry.

In the more than two years since the outbreak, Tengying Group's traditional sectors have accumulated losses of more than 4 billion.

Among them, Feiyangyang alone suffered a net loss of over 2 billion.

Even now he has not reduced employee benefits.

As for Bobo Milk Tea, Tengying Entertainment, and Snack Run, they include investments in a series of traditional small businesses.

All are suffering heavy losses.

If this happened to an ordinary company, it would have gone bankrupt long ago.

After more than two years of illness, I have lost all my temper.

People say that there will be a wave of retaliatory consumption after the disease, but that is pure nonsense. People nowadays have no money.

Even if they have money, they dare not spend it recklessly. In recent years, many middle-aged people have fallen into the trap of delivering food and driving for Didi.

How many breadwinners of families have been forced to face pay cuts and unemployment.

Now there is still an illness serving as a fig leaf, but once this thing is over, everyone will know the result.

Fortunately, their family has undergone a comprehensive transformation.

Not only is his business in the technology sector thriving, but his wife's health sector is also doing well.

What’s more, the business in Singapore is doing steadily.

Compared with their other businesses, this loss in the traditional sector is nothing.

Tang Jing also came to report to him that the ten-year options Zhao Liying had obtained were about to expire.

Based on the current share price of Tencent Entertainment of over 70 billion yuan, the value of her options is about 3.5 billion yuan.

Tencent Entertainment’s market value has dropped from a peak of 160 billion to over 70 billion now.

The drop was more than 50%.

If Zhao Liying cashes out now, Tencent Entertainment's stock price will plummet again.

It must be said that there must be a good solution for her options.

Chen Pingsheng said: "Now is not the right time to cash out. If she wants to cash out, then the company will take out 500 million to buy back the shares."

This is the only thing we can do now. Zhao Liying’s energy alone exceeds the sum of the three major actresses.

This is no joke at all, she is really good in the TV drama sector.

The real queen of TV dramas.

If the news of her cashing out were released to the public, the stock price would easily plummet.

Staying calm first and waiting for the disease to completely pass is more important than anything else.

When Zhao Liying came over, Chen Pingsheng also talked to her and took out another 500 million to repurchase 1% of the shares.

There are many female stars who have obtained options from Tencent Entertainment, the earliest of whom are Zhao Liying and Yang Mi.

The agreed cashing-out period is ten years, which means that the equity will belong to them only after ten years.

This is a very normal way for a business to retain employees, although Tengying Entertainment is far from what it was at its peak.

But now it can still maintain more than 70 billion yuan, and it is still the undisputed number one stock in the entertainment industry.

It can be said that the hard work of the past ten years has not been in vain.

After the illness is over, the stock price here should continue to rise sharply.

After all, he has gathered half of the entertainment industry, whether he is a box office or commercial film director.

Or perhaps the actors in the anti-drama drama are all on his side.

If it weren't for the impact of illness, which has caused frequent suspensions of work over the years, Tencent Film Entertainment's market value would never have been less than 100 billion yuan.

There is no problem with him temporarily spending money to buy it back.

…

After a while, Gao Hu and Chang Fu came to see him again.

Chang Fu has been playing hard for more than a year, and he lost more than 700 million yuan in stock trading last year.

As for the reason, no one can escape when the stock market crash comes.

Over the past year, domestic stock prices have been falling and many companies have been running away.

Some companies announced bankruptcy, but even more shameless were those listed companies that issued statements asking all shareholders to pay the price.

The domestic stock market is so ridiculous. If you want to make money by speculating in stocks in China, the difficulty level is extremely high.

Chang Fu was originally very unhappy, but when he thought about the 80 billion yuan loss that Chen Pingsheng had suffered on Nvidia, he instantly stopped being unhappy.

There wasn't much for the two of them to do together this time, just to chat.

"Old Chen, you are too irrational. How can you spend more than 70 billion to increase your holdings in Nvidia? Isn't this like throwing meat buns at a dog, which is impossible to get back?

"You've already lost 700 billion or 800 billion, and you still want to lose more?"

Chen Pingsheng explained, "I was somewhat surprised to see Nvidia's stock price fall to this level, but it's undeniable that its AI technology, including chips and computer graphics cards, is among the best in the world. With these technologies, the stock price will eventually recover."

Chang Fu shook his head and said, "No matter what you say, I won't buy it. It would be really terrible if I get stuck with it.

"I have another question for you. Is the illness almost over?"

"That's about right!"

Chen Pingsheng said, "Overseas, it's already been treated as a common cold. It's been going on in China for over two years now, and many people have long suggested relaxing restrictions. It should be over in six months at most. By then, I guess few people will be able to escape."

"We can't avoid it either?"

"It's definitely unavoidable."

Okay...these people are well-informed and have known what this thing is for a long time.

To put it simply, it won't kill people, but it will have a significant impact on the body's immune system.

In the later period, I relied on myself to exercise more and take care of my health.

"I don't know what the situation will be like after it's released. It feels like everyone has been holding it back for years."

At night.

The three of them drove home together again, and Chen Pingsheng was still driving the customized Range Rover Royal One.

It's particularly domineering and suits his current temperament very well.

There are still many people living in their Jinshan super villa, and Chen Fan divorced again and started looking for a new wife.

Now he has learned his lesson. His wife will run away anyway, so he might as well buy the nice ones.

As for other relatives from my hometown, such as cousins, after adapting to life in Shanghai, they basically can't go back to the countryside.

This place is so colorful. You can find everything you want to play and eat right in the villa.

There are more than 200 service staff on duty around the clock, and you don’t even need to wash your clothes yourself.

It’s just that due to the limitations of the previous family education, there are no business owners among them.

It's already very good to be able to earn tens of millions a year.

In the 1990s, there was still some possibility for ordinary people to become big bosses, but now it is really unlikely.

Even with his current strength, he can only train a few people.

All the people he trained were to go into politics, so there was not much point in them going into business.

The next day, he drove to Big Butt's Anle Fund.

After her wine business failed miserably, her second entrepreneurial project was actually focused on virtual reality (VR) entertainment.

Basically, it means opening VR entertainment experience centers in various shopping malls.

This kind of project is also a kind of AI artificial intelligence. Wearing a VR device on your head gives you the immersive feeling.

It is quite popular in big cities, but it is not yet popular in small cities.

Playing for five minutes will cost at least a few dozen dollars.

It's not a cheap project.

This project was proposed by Chen Anan herself. She wanted to do this after visiting IFC in Shanghai.

Unlike red wine, VR entertainment is obviously more suitable for her.

From the early preparations to recruiting, 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 found out a little and left.

Anyway, these are just trial projects for Big Butt Kid.

Whether she succeeds or not will not affect her ability to inherit hundreds of billions of wealth in the future.

What we are cultivating now is just her ability to maintain the business.

…

Throughout June, Tengying Group was preparing for the launch of Longteng S900.

This time, unlike the previous low-key ones, the work before listing can be said to be overwhelming.

All major online platforms are filled with promotional advertisements for the Longteng S900.

They spent seven years to develop a pure electric high-end SUV model.

It was highly anticipated even before its official release.

When the day finally arrived, so many domestic media professionals from related fields, including reporters, came.

When it was officially released, Xu Dong did not brag at all. He said that it could reach a range of 1,200 kilometers after charging for 10 minutes.

When fully charged, it can travel about 3,000 kilometers, which can perfectly meet the needs of daily travel and long-distance travel.

Similarly, all the hundreds of cars have gone through a 100,000-kilometer test period 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 of solid-state batteries, the independently developed intelligent driving system, or the chassis adjustment efficiency.

The exterior design and interior details are all well worth the price.

However, many people suggested that Chen Pingsheng tie the marketing direction of Longteng S900 to patriotism.

This will help sales and facilitate future promotion.

How to describe patriotic marketing?

Tying a company's profitable products to patriotism is itself rogue behavior.

He is still 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 and to some extent it is brainwashing marketing.

Chen Pingsheng directly rejected this suggestion and even took the initiative to block those media marketing accounts online that tried to link Tengfei Auto's products with patriotism.

(End of this chapter)