Selling vegetables.
It can only be said that it was expected but beyond reason.
He started planning Tengsheng Fresh very early, and originally intended to use it specifically for agricultural support projects.
Now these big Internet companies are competing fiercely in the vegetable sales sector.
He might as well sell Tengsheng Fresh Food first.
I don’t know if the country will step in to stop it if this continues.
Chen Pingsheng always felt that there was this risk.
The big Internet companies are all large companies with a market value of hundreds of billions of dollars. They are rushing to destroy the jobs of small vendors and compete with them for the vegetable business.
This doesn't seem very kind no matter how you look at it.
Chang Fu doesn't care about these things. All he cares about is that Tengsheng Fresh is worth 1.2 billion US dollars.
This is so unexpected!
Lao Chen makes money everywhere.
"There's a class reunion in a few days. Do you want to attend? Everyone is looking forward to your attendance!"
"If we have a class reunion at our age, I'm afraid we'll have to bring our children, right?"
"Most of them are definitely married with children, but a small number are still single."
Chang Fu said, "Yang Kang should be there too. Do you know what his wife is doing now?"
"What, become an internet celebrity?"
"I can't call myself an internet celebrity. I'm just a female anchor, dancing seductively every day."
There is no need to guess, he must not be doing very well.
If a man is successful, which man would let his wife dance in front of the camera all day long and call her brother for tips?
"Doesn't he know that your famous Master Fu has now become an internet celebrity?"
"I definitely don't know. I don't know what's wrong with this guy. He used to have the best family conditions, but now he's so miserable that his wife scolds him every day."
Chen Pingsheng thought for a moment and said, "Since we don't know, let's go see him another day. Don't reveal your identity yet. Our current situation could easily ruin our previous relationships."
Chang Fu thought about it for a moment and felt that it made sense.
They were all so rich that many classmates and fellow villagers came to visit them, saying they wanted to reminisce about the past.
Later in the story, it was basically about family difficulties.
That's boring.
Chang Fu always keeps more than one million yuan in cash in his office, and when someone he knows comes, he gives them 30,000 to 50,000 yuan.
Once, not twice.
The house is still very comfortable, especially since there is a huge swimming pool on the first floor.
His wife swims there for half an hour every night.
Said it was to keep in shape.
Of course, she definitely won't swim when there are people around. As for the big-butt kid Chen Anan, she also paddles around like a dog.
She knew all the children in the Tan Palace.
Soon I became like Sister An An.
There is no doubt that she is a social cow. As for the little brat Chen Xinyi, the two-year-old baby knows how to follow her sister and make trouble every day.
After dinner, Chen Pingsheng took them for a walk.
Those who can live here basically belong to the same circle.
People in this circle are often of high quality and will say hello or say a few words to each other when they meet.
Everyone is either the president of a certain international enterprise or the boss of several listed companies.
Since he moved here, he has gotten to know many important figures in Shanghai.
Of course, he himself is actually a big shot, but Chen Pingsheng has never realized it.
The circles are similar, so there are many common topics for communication.
Everyone likes to drink tea and chat, and the topics they talk about are either national policies or future economic trends.
Or the major changes that are about to happen in a certain industry are all focused on the future.
New energy is also the future. He is the only one in Tan Palace who has invested hundreds of billions in the field of new energy.
He is also the seed player who has invested the most real money in this industry.
The people here come from all kinds of industries.
Even if the main business is not this, there are still many industries involved in the side business.
This is how a house changes circles.
Living here, people no longer talk about small goals like making hundreds of millions, but about the future.
Take this house for example. Almost all owners think that the house has lost its speculative value.
The future of real estate will surely usher in an unprecedented turning point.
Hangzhou Ma has made such remarks many times.
Once the real estate market reaches a turning point, the future economic direction will become unclear.
To put it bluntly, the current economic growth is too dependent on real estate.
No one can tell exactly which year will be the real turning point.
Chen Pingsheng himself can't do it either.
Anyway, that's what everyone talks about all day long.
Besides this, there is one more thing worth noting.
Pinxixi went online last September. As an e-commerce company, there is actually nothing noteworthy about it.
Hangzhou Ma has always been the dominant player in the e-commerce field, and even the big penguin cannot shake it.
Not to mention the newly established Pinxixi.
Pinduoduo’s strength lies in the investor behind it, Duan Yongping.
This is a legendary name. He achieved financial freedom in the 1990s thanks to the Little Overlord.
Later, when mobile phones were the most popular, he helped two people to become the top five.
He was responsible for the blue and green factories of OPPO and Vivo.
This person retired from the world very early, but his legend has always been there.
A true figure of Feng Qingyang's level.
Even Tong Zelan admires him highly.
His biggest move in the e-commerce field now is to bring in Pinxixi.
No one thought he could beat Hangzhou Ma.
However, in the e-commerce market with a fixed structure, Pinxixi still has a certain possibility of breaking through an existing e-commerce gap.
This is Internet e-commerce.
As long as a breakthrough can be made, the valuation will be hundreds of billions of dollars.
Pinxixi completed its Series A financing in August last year and is now in the B round.
He also came to Shanghai and met many people he knew.
Among them is Shen Nanpeng.
Chen Pingsheng called Lao Shen and asked him about the specific situation of Pinxixi.
The B round of financing will not dilute the shares too much, and the development funds needed are probably around 100 million US dollars.
To be honest, this amount of money is not enough for him to invest in Guazi used cars.
Moreover, the smart thing about Pinduoduo when it comes to finding investors is that it doesn't just want money.
Investors or institutions also need to have certain resources.
To put it bluntly, the investors behind it don't lack this money at all. What they want is the resources for everyone to develop Pinduoduo together.
Chen Pingsheng founded Tenghui Capital some years ago, mainly investing in his own family business.
The only exception is Guazi Used Cars, whose last valuation reached 3 billion.
With 1.2 billion yuan in funding, they are rapidly expanding their territory across the country.
After thinking for a moment, Chen Pingsheng decided to invest in this new concept of social e-commerce in less than three seconds.
The main reason is that he has already taken deep roots in the traditional retail sector.
We need to make some plans in the e-commerce field.
Tao Bao is no longer worthy of her, and the same goes for Qiangdong.
We can only focus on the newly established e-commerce platforms. As the saying goes, we will have to take a stab first to see whether there is any result or not.
What if he succeeds in the future?
Chen Pingsheng participated in Pinduoduo's financing drinking party through Shen Nanpeng.
What is top-level financing? Pinxixi is definitely it.
Chen Pingsheng could easily come up with more than 100 million US dollars, but Pinxixi would definitely not accept it.
The main reason is that his personal resources are limited.
After layers of screening, five investors were finally identified.
They are Tenghui Capital represented by Chen Pingsheng, as well as five well-known investment institutions including Big Penguin, Gaorong, and New Horizon Capital.
One of them is particularly noteworthy, Sun Tongyu, Tao Bao’s father.
Chen Pingsheng put out 150 million yuan, but his share was pitifully small, only about 3%.
It doesn't fit his idea that he should take the lion's share of the investment.
Just treat it as making friends, he doesn't think he can make much money from this small amount of shares.
It’s only 150 million anyway, it doesn’t matter.
The vice president investor of Big Penguin also pulled him aside, and the meaning was obvious: he wanted to invest in his Tencent Entertainment.
Tencent Entertainment’s current market value is over 50 billion yuan.
He alone holds a 60% stake.
Putting aside the size of the company's market value, his personal wealth is among the best even in this top-level drinking party.
The kind where you don't have to bend down to meet anyone.
Big Penguin has always wanted to acquire shares in his Tengying Entertainment and has sent people to Beijing to discuss the matter several times.
Chen Pingsheng just didn't agree at all.
Now that he thinks about it, he feels that he could actually sell some of it.
The main reason is that some cooperation with Big Penguin will make his own industrial layout more convenient in the future.
Big Penguin needs a 15% stake, and the offer three months ago was valued at 15 billion.
That was the dark period for Tengying Group.
If Chen Pingsheng hadn't seen how awesome it was, he would never have let him in.
Two months ago it was 25 billion.
In June, it reached 32 billion.
Even after three failed attempts at negotiations, the big penguin remained patient.
The reason why it is so determined to join Tencent Entertainment is mainly because the TV series and movies produced there every year are so profitable.
Penguin Video, owned by Big Penguin.
There is also iQiyi supported by Baidu, and Youku supported by Alibaba.
The killing was difficult to resolve.
Joining Tencent Entertainment is definitely a strategic goal.
It can greatly elevate the status of Penguin Video.
It is even very likely to become the first.
Seeing that he was so sincere, Chen Pingsheng simply didn't try to cheat him.
Quoted a real price.
Six billion, giving up 10% of the shares in hand.
The vice president was so shocked that he wanted to ask him if he was serious.
Chen Pingsheng has a fixed price, so if you can't decide, go find Lao Ma.
To be honest, if he hadn't spent too much money in the new energy field.
Why sell these 10% shares?
Of course, even if he sold it, it would not affect his absolute position as the major shareholder.
To be honest, if he succeeds in developing new energy, he can do so with his status as an independent investor.
All those present were younger brothers.
Only two horses can be on equal footing with him.
This is not an exaggeration at all.
When others build a successful company, they dilute their shares in various ways to get financing, but he himself gets the majority of the money independently.
Even if your company's market value is 100 billion US dollars, the shareholding is only 5%.
No more than 10% at most.
His own company is worth 100 billion RMB and he holds a 50% stake.
Do you dare to say that you are better than him?
Unless you are someone like Mr. Ren, everyone is competing for money.
Of course, its influence in the business world is certainly not as strong.
But there is no such thing as having to please you when attending a drinking party.
Chen Pingsheng also did this through various share transfers or by selling one or two companies.
Put all the focus on new energy vehicle manufacturing.
Only by supporting a technology company can his social status truly change from quantitative to qualitative.
The vice president couldn't make the decision on a 6 billion investment.
I must go back and ask Lao Ma.
Chen Pingsheng was not in a hurry anyway, as he had so many ways to make money.
My wife can get two to three hundred million every month from Shuiyunjian and major group branches.
Will he be short of money?
Only if you have enough money can you talk to them calmly and calmly.
If Big Penguin doesn’t accept this offer, doesn’t it still have Ali and Baidu?
(End of this chapter)
Continue read on readnovelmtl.com
