The Birth of the Magic City's First Conglomerate

Turning thirty is an awkward age. Some people shine brightly and achieve glory at this age, while others find their lives a messy struggle.

Undoubtedly, Chen Pingsheng belonged to the latter....

Chapter 672 December

The days passed slowly, and in the blink of an eye it was late August.

Chen Anan is enjoying her work at her own Anle Investment Fund.

She also looks for acquaintances to invest first, but these acquaintances are usually introduced by employees within the company.

This can also be considered a kind of corporate benefit. Anyone introduced by internal employees can get some investment from her.

Some people still want to use ulterior motives. Chen Anan's standard is also very simple. You can lose all her money as planned, but you can't put her money into your own pocket by fooling people.

She can easily get you in jail and then fire the employee who introduced you.

Although Chen Anan is kind, she still has her own absolute principles in matters like this.

Anyone who dares to blatantly deceive her will be subject to the most severe legal sanctions.

I'm about to enter the first year of high school, and the study workload is a little heavier. If I don't use some strict measures, who knows how much trouble the company will cause.

There are only a few people in the country who can manage such a large company at her age.

She still cherished this opportunity very much. When she returned home, her mother Song Yanxi was already packing her luggage for school.

I lived in the school dormitory during my first year of high school and couldn’t go home every day. Fortunately, Chen Anan adapted to all this when she was in junior high school.

The school is not too far from their home, only half an hour's drive.

"An An, when you go to school, you won't be able to eat whatever you want like at home. You have to slowly adapt, okay?"

"Mom, it's not like I haven't studied in a boarding school before, I don't need any reminders!"

"I'm afraid you'll suffer if you go."

"How can I endure hardship?"

Chen Anan took some necessary items with her, including her laptop. When she went to school, the company would be taken over by someone sent by her parents.

She will only look after it during holidays.

"Is there anything else you want to buy when you enter the school?"

"No, I don't need anything."

In the evening, the whole family went to the restaurant on the third floor to have dinner together. Not only their family, but also their younger sister Chen Qi and their older sister's family.

I will be in the first year of high school in the blink of an eye. It would be a lie to say that I am not looking forward to it.

Chen Anan is not as flamboyant as Erpi Ya. She is very low-key when she goes to high school.

I only brought some simple things with me, and the dormitory didn't have any special requirements.

There are four girls living in one room, three of them are locals and only one is from another place.

Chen Anan greeted them happily. If nothing unexpected happened, these would be her most important high school roommates this year.

As for Erpi Ya, she is still in the fifth grade.

The listless third student Chen Lu also officially started the first grade.

Time flies. On November 30, 2022, the disease was largely relieved in Guangzhou.

This means that the three-year illness is finally coming to an end. Some people are cheering, while others are worried.

History rolls on, and no one can stop it.

The retaliatory consumption after the liberalization did not come as expected. On the contrary, everyone seemed to prefer saving money.

Both traditional consumption and high-end consumption have been declining.

When the three-year illness was completely cured, what came in return was not sunshine but even greater problems.

Tang Jing and his secretariat, including those from the Tencent Economic Research Institute, were making plans for the worst.

What does it mean?

Everyone had hoped that everything would be fine after the illness was over.

Everyone works and consumes normally, and is still as hopeful as before.

The result... was a bolt from the blue.

A more severe wave of flexible employment, including salary cuts, job hunting for college graduates, and unemployment, is falling on everyone.

It can be said that if the disease does not go away, everyone can still blame everything on this aspect, always feeling that as long as it passes, everything will be fine.

But when she finally went there, she found that it was becoming increasingly difficult to find a job. Even if she worked overtime day and night, she still faced the risk of the company going bankrupt and layoffs at any time.

The biggest reason for this situation is ultimately because of problems with real estate.

Once a house cannot be sold, the series of impacts it will cause are absolutely beyond imagination.

The impact of this is more than a hundred times more serious than the disease itself.

The people at Tengying Group don’t have too much to worry about, but it’s extremely difficult for other small companies.

Tang Jing walked to the CEO's office in a pair of high heels. She handed a market survey form to Chen Pingsheng and said:

"Boss, over 80% of the traditional companies we previously invested in that haven't gone public are now facing serious losses. Mr. Chu wants to sell off all of these small projects. If they can't be sold, he won't invest further."

Starting a business is risky, and investing is also risky. The core of the Dream Fund used to be to support small and medium-sized enterprises.

At least tens of billions or even hundreds of billions of dollars have been invested in this. Some of them have succeeded, but most of them are facing severe market problems.

The Dream Fund will also start to cut losses on those small projects that have not shown any improvement in one or two years.

Pack them all up and throw them out.

Most people were still looking forward to it before, but now that the disease is over, no one is consuming anymore, which has made everyone realize the reality.

"It's up to her to decide."

Yuanmeng Investment Fund has now become a well-known investment fund in China, and it was able to maintain a break-even point as early as last year.

It can even generate a decent profit.

Its profits mainly come from project listings or investments in shares of listed companies.

If it doesn’t get to the stage of going public, then the investment is considered a failure.

Of course, there are also some companies that are doing well and can also sell their shares before going public.

"Boss, do we need to reduce the number of new recruits for next year?"

“We really need to reduce the number of places.”

Chen Pingsheng said: "In the next few years, the group will not expand too much. Except for the new energy sector, other sectors will focus on maintaining their status. If we can steadily maintain our status for the next four to five years, that will be more important than anything else."

It's not just his company. Most companies are focusing on maintaining their position.

What does this mean?

The number of vacancies in the group will decrease every year, so naturally, we will no longer recruit thousands of people every time as we did in the past.

It is absolutely hellishly difficult for college students nowadays to find a job, having spent hundreds of thousands of dollars studying hard for more than ten years.

But on the day of graduation, I found that I couldn't even find a basic and decent job.

It is hard to say whether this is the sorrow of college students or the sorrow of parents.

If possible, Chen Pingsheng would also like to recruit tens of thousands of people every time and provide them with high welfare and high treatment.

But reality no longer allows it.

The entire Tengying Group includes the new energy and big health sectors, as well as Tengyou Media in the short video field.

Other listed companies are not much better.

Bobo Milk Tea can still make some money, but it is also pitifully little.

Feiyangyang has been losing money every year, and the performance of other snacks such as Kuaipao, Lujiao Coffee, Tengying Entertainment, and Yateng Short Drama is not optimistic.

He can't recruit too many people.

There is a lot of bad news, but the good news is also unexpected.

After experiencing its own low period, Nvidia has risen strongly again.

The market value has increased from a low of over 300 billion US dollars to over 600 billion US dollars.

He personally has nearly $40 billion worth of this stock.

There is no shortage of money for anything.

However, Chen Pingsheng still hopes to resolve Feiyangyang’s issue as soon as possible and cannot let it continue to suffer losses like this.

He also had no intention of running a low-profit catering business.

(End of this chapter)