There were at least fifteen relatives coming from the Chen, Song and Liu families.
Chen Pingsheng was busy with his own career and had no time to take care of them. He simply asked them to take the money and go to the market to prove themselves.
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.
Because there are only a few opportunities, and once you fail, you will never get it again.
Liu Wei was the first person to be forced to buy a Ferrari by threatening to jump off a bridge.
His death also made everyone feel an unnatural chill in their hearts.
After all, a Ferrari is a little too simple for Chen Pingsheng.
His wife has so many Ferraris parked there gathering dust that he doesn't even know how many there are.
Even so, Liu Wei proved one thing with his death.
No one can force him with his life, so don't think too highly of your own life.
Don't even exaggerate your relationship.
He invested hundreds of millions to establish a family entrepreneurship fund simply because he didn't want the wealth of the younger generations of the Chen, Song and Liu families to deteriorate too much.
He just gave them a few opportunities to start their own business, not that he valued his relationship with these people.
So, when Liu Wei's parents came, he didn't even show up.
This also serves as a reminder to everyone not to try to use moral kidnapping.
There is no way anyone who can reach his position would fall for this.
If you use up your opportunities and fail to achieve certain achievements, 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 is the most we can do.
As the saying goes, a poor man in a busy city has no one to care about him, but a rich man in a remote mountain has distant relatives.
Having reached this point, even he himself doesn’t know why he has so many relatives.
Not to mention dealing with their shit.
On the last day of May, Tengfei New Energy officially launched the offline testing phase of P6.
The entire event was filled with distinguished guests.
There are countless people in the entertainment industry and system circles.
At Chen Pingsheng's command, the six-month, 50,000-mile technical safety test of the Tengfei P6 officially began.
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 also sold his excess 15% shares of Yateng Short Drama and 3% shares of Xinteng Live.
The company is seeking a buyer for the package at a price of RMB 2.5 billion.
Among them, the market value of Xinteng Live has reached 50 billion, while that of Yateng Short Drama is around 18 billion.
After selling these shares, the shares he retains in Yateng Short Drama and Xinteng Live will be the same as those in Feiyangyang and Snack Run.
Only the last 5% remains.
Short videos are still in a rapid growth stage, and the revenue from short dramas is also very good.
He can quickly find a suitable buyer by selling the products in this package.
After getting 2.5 billion, Chen Pingsheng used the random amplification of the golden finger again.
I don't know what influenced me, but I was unlucky and only got a double.
Even the principal raised this time is far from enough for Tengfei New Energy to burn through for half a year.
After all, it has a major R&D project, solid-state batteries.
Helplessly, he offered 10% of Tencent Entertainment's shares for tens of billions of yuan to seek a strategic partner.
Entertainment stocks are just like that. It is impossible for them to exceed 160 billion in the future. He will definitely choose to retain the controlling stake in the company while successfully cashing out at a high price.
This is completely in line with the original logic of the capital market.
And all of this is also planned for the future.
Sell stocks that are unlikely to appreciate in the short term and use the money to invest in projects with greater potential for growth.
This is what every entrepreneur must do, and he is no exception.
Tengying Entertainment is known to occupy half of the entertainment industry, and has remained very stable over the years.
After completing this sale, he will only have the last 10% controlling stake left.
It will definitely not move in the next five years.
Two consecutive large-scale cash withdrawals also caused quite a stir in the capital market.
But he did not use these two sums of money to improve his life, but to expand the research and development scale of Tengfei New Energy.
To improve the R&D team.
Tengfei New Energy has invested a total of 135 billion yuan to date.
It seems like a lot, but keep in mind that Toyota's global net profit in 2017 was 2.49 trillion yen.
Approximately RMB 144.8 billion.
This means that all his investments over the past few years combined are only equivalent to Toyota's annual net profit.
If you want to truly achieve globalization in the field of car manufacturing, 10 billion yuan won’t even be enough to get through the threshold.
Twenty billion is only enough for OEM, and fifty billion is just the starting point.
80 billion is just entry-level.
Only by continuously investing money can Tengfei truly grow into a world-leading new energy vehicle company in the next three to five years.
With 17.5 billion yuan invested in R&D this year, it is completely sufficient.
In the next three years, he will have to invest at least 120 billion yuan, which means he will have to maintain 30 to 40 billion yuan in R&D expenses every year.
This is absolutely not to be moved.
Once he decides to do something big, he must be prepared to suffer losses for three or even five or eight years in a row.
Based on the current sales volume of new energy vehicles, his investment cannot be supported at all.
There is no way around it. The technology industry must look five to ten years into the future.
If we only look at the present, no newly established new energy vehicle company will be able to make a profit within five years except for OEM.
The question of how much loss to suffer.
In this regard, he believes that Huawei in China is the most far-sighted.
Whether it is chips or self-developed systems, they will work on it for five to eight years.
After the results came out, these things were really just a waste of money.
Once the results come out, it becomes a sure-fire way to surpass all your peers.
Chen Pingsheng must guard this line and will definitely not reduce Tengfei's R&D investment in the next three years at least.
This ratio will only continue to increase.
We won’t talk about it until Tengfei New Energy becomes the number one state-owned enterprise.
Sometimes this is how it is in the technology industry. The founder's vision directly determines the future outcome of the company.
His additional investment of 17.5 billion yuan also gave reassurance to all his engineers and scientists.
All they have to do is continue to innovate in technology in their R&D centers.
Everything else will be taken care of by Chen Pingsheng.
This is also the greatest benefit that he, a layman boss, can bring to everyone.
The Tengfei P6 has officially entered the testing phase, and relevant data is being continuously compiled.
This will definitely throw a depth bomb into the domestic new energy vehicle market.
After all, he really spent three years sharpening his sword.
If we only look at the profit perspective, Chen Pingsheng is sure that the more than 100 billion yuan invested in any other industry will not be worse than new energy vehicle manufacturing.
Because it is obvious that he needs to invest at least hundreds of billions of dollars in this industry before he can see hope of making a profit in the future.
This process will take no less than three years.
Adding the existing investment time, it will take a full six years.
This is already the longest wait for Tengying Group.
The next six months is still the time to improve technology.
The real results will only be revealed after half a year.
(End of this chapter)
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