Chapter 354: Huge Cash Out



Just when my pockets were full for a while, they were all gone in the blink of an eye.

Among his existing industries, Xinteng Live is the one that can go public the fastest.

Once Xinteng Live completes its listing, it will be the first stock in the internet celebrity economy.

The significance here is still very great.

Since last year, he has cashed out his shares in Xinteng Live many times.

As of now, only 20% of the shares remain.

If we cash out 60%, we can only cash out 12%.

Fortunately, Xinteng’s live streaming internet celebrity economy is huge, with nearly 10,000 female anchors under its umbrella.

There are 130 people with over one million fans, and about 20 with over ten million fans.

A small half of them came from the trainee competition.

The rest only earn a monthly salary ranging from 6,000 to 20,000 yuan.

The internet celebrity economy works like this: those who are popular can make a fortune in a short period of time, while those who are not popular can only earn an average salary by promoting themselves.

As for the practitioners, we can only say that their quality is uneven!

It is common practice to find the big brother offline.

As for female anchors, if their short videos don’t go viral and the big guys in their live broadcast rooms don’t give them money, their income won’t increase at all.

Chen Pingsheng didn't care about these things, mainly because he couldn't manage them.

Most of the internet celebrities do not have a high level of education, so it is totally unrealistic to expect them to follow the rules.

The entire industry is like this. In his own words, only a fool would look for a wife in a live broadcast room.

Xinteng Live’s annual profit is between 3 billion and 4 billion yuan, all achieved through selling goods.

According to Hong Kong's price-to-earnings ratio, its listing valuation should be between 35 billion and 48 billion.

Second only to his Tencent Entertainment.

Unfortunately, the internet celebrity economy does not have much stability. A single red document can cause a major earthquake in the entire industry.

It is hard to say whether the country will impose restrictions in the future. After all, if you go out and ask, you will find that many young people want to become internet celebrities without doing anything else.

In a few years, maybe when the teacher asks students, what do you want to do in the future?

In their generation, people would say teachers, police officers, and scientists.

The answer that children in the future might give is to become internet celebrities.

The reason is simple: many scientists work their entire lives but are not as good as internet celebrities in one year.

Based on this factor, the future of Xinteng Live is full of uncertainty.

This uncertainty is mainly concentrated in the correct policy.

The final valuation given by Hong Kong was 24 billion, which was half lower than normal.

Chen Pingsheng still agreed, as he needed money to do more things.

On May 12, Xinteng Live officially completed its IPO ceremony in Hong Kong.

He also cashed out 2.88 billion as he wished.

Not only did he make a lot of money, Chang Fu also became completely financially independent.

He has never touched his own 20% stake.

He instantly became a famous new rich man in Shanghai, and also the CEO of a listed company with a market value of tens of billions.

He has also become the absolute leader in the entire field of Internet celebrities.

Chen Pingsheng simply cashed out Xinteng Live, which was affiliated with Kuaishou. Behind him is Tengyou Media, which grew together with Douyin.

There is a high probability that we will not be too short of money in the next year.

He stayed in Hong Kong for three full days before returning to Shanghai, and then went straight to Kingsoft headquarters.

He was not the only one who came here. Chang Fu, Tong Zelan, and his wife Yang Qian were with him.

With the strong support of local leaders, those old factories in Jinshan have already moved out.

Tengying Town is about to start large-scale construction here, so the demolition will naturally have to be done quickly.

The continuous drizzle gives the Jinshan Lake a mysterious beauty.

At present, their family owns Shuiyunjian University in Jinshan, which covers an area of ​​over 1,000 acres and has nearly 10,000 students.

There is also Tengying’s five-star internal charity hotel, which is not far from here.

"Old Chen, the design drawings here aren't even finished yet, what are you looking for?"

Chang Fu and he each held a big black umbrella.

Chen Pingsheng said: "I am not here to see Tengying Town. There will be about 6,000 to 8,000 top-level employee apartments built here. These are for the transition of new Tengying employees. In addition to these, I want to buy this entire area and build a Tengying ecological community of over 1,000 acres.

"It is our responsibility as bosses to ensure that most employees can afford to live here."

"Are you okay?"

Chang Fu was surprised and asked, "Thousands of acres of commercial and residential land, how much would that cost?"

"A little over 10 billion, which is actually not bad. The estimated cost for purchasing the land and construction is about 20 billion."

Chen Pingsheng really wants his employees to own their own house in Shanghai.

At least these houses have been built. Even if employees can buy them with interest-free loans, it will invisibly reduce their financial pressure.

Anyone who has bought a house knows how high bank interest rates are.

A loan of one million yuan requires a repayment of at least 1.5 million yuan.

He used his own money to buy the land and then used the money for construction. Just the fact that he helped them save the bank interest would make most people grateful.

At the end of the day, a business must assume certain social responsibilities.

Especially those of them who are bosses.

Another key point is that if he builds the house well, it will be more conducive to attracting high-end talents in the future.

Moreover, he is indirectly hoarding a large number of commercial properties.

With 20 billion yuan spent, it is definitely impossible to lose money given the current rate of increase in housing prices.

Especially since he bought the land and built it himself.

Chen Pingsheng asked Zhao Sheng, the leader here, to come and talk. No leader dared to sell him the commercial and residential land of over a thousand acres privately.

Ultimately, it still has to go through the bidding and auction of the land and resources department.

Buying it is not a quick thing, the leader needs to plan out such a large piece of land first.

At this stage of its development, Tencent Pictures is no longer just trying to satisfy employees with high salaries.

We will also carefully consider solving their worries, that is, providing them with a house to shelter them from wind and rain.

This is also one of his future development directions. For now, he will first build a Tengying ecological community covering over 1,000 acres here.

The more money a family has, the greater their social responsibility.

If he doesn't do more good deeds, who will guarantee the safety of his assets?

It wasn't until May 19th that Chen Pingsheng started shaking the coin at home.

This is the money he wants to use to build houses for his employees, so it would be best if he can get a large multiple of it.

"Ding, congratulations to the host, today's cumulative income is 2.88 billion. Would you like to enable random multiplication?"

"Open."

The familiar golden dice appeared again, shaking one, two, three, four, five.

In the end, it got stuck and stopped at six.

Perhaps Mr. Goldfinger also knew that he was going to use the money for charity, so he offered the maximum multiple.

One minute, two minutes, three minutes, until more than ten minutes passed, 17.28 billion yuan was deposited into the bank card.

Isn’t this how the money for building the Tengying high-end ecological community came from?

Once this money is received, his family's total investment in commercial real estate will be around 72 billion.

Taking into account the increase in housing prices in recent years, his family’s total assets in commercial real estate have reached nearly 100 billion yuan in the past few years.

This investment ratio will not be increased in the next five or even ten years.

In his own words, that was more than enough.

Even if he lived purely on rent, Chen Anan would be able to make a living for eight lifetimes.

(End of this chapter)

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