After Chen Pingsheng finished calling Song Yanxi, he arranged for the Tengying Fund on Wall Street to start cashing out.
The cash-out amount is US$1.65 billion. If it were an ordinary company, such a large cash-out would probably cause the stock price to crash.
If you put it on an apple, it will just sprinkle some water on it, without causing any movement at all.
After much deliberation, Chen Pingsheng decided to increase his holdings in Nvidia again. If its market value could also rise to one trillion US dollars, then this investment would be a huge profit.
His wife only has 0.5% in total, which is 0.5% in total.
Chen Pingsheng spent another 750 million US dollars and increased his holdings by 0.5%, totaling 1%.
He only trades long-term and doesn't even consider short-term stocks.
That is to say, after buying it, it will not be sold again for at least three years unless there is an unexpected situation.
The remaining US$800 million will be transferred to Tengfei New Energy’s account, and this money is expected to last for two months.
Tengfei New Energy actually has a very good reputation now, but new energy vehicles have not yet been widely accepted in China.
It is bound to experience long-term losses, and the same goes for Tengde Times' batteries.
It is the undisputed largest battery factory in China, and it will explode whenever new energy explodes.
After several years of research and development, solid-state batteries have achieved certain results, but not much. A group of top R&D teams are still needed to work day and night.
This was anticipated at the beginning of the investment and there is no need to rush.
Any major technological breakthrough requires a long and arduous struggle.
It cannot be achieved overnight.
Apart from Tengfei New Energy, Chen Pingsheng doesn't have much to spend money on now, and he can earn 4 to 5 billion yuan in fixed dividends every year.
There is no way that this money can be spent completely, no matter how much Big Fart and Little Fart mess around.
When you have enough money, it’s really all about your ideals.
No matter what, he wants to build a world-class technology company.
While improving the level of the entire Tengying Group, we must also enhance our own status in the domestic business community.
This is also very important.
July passed very quickly after Chen Pingsheng took his team to visit Kingsoft headquarters.
He also cashed out his wife's Apple shares and added another $750 million worth of Nvidia shares.
After owning a total of 1% of the shares, they also raised enough research and development funds for Tengfei New Energy in the first two months of 2020.
I didn't touch the other shares I held because I felt it was not the right time.
Whether it is Meituan, Pinduoduo, or Tesla, it is not time to cash out yet.
It is worth mentioning that the Big Penguin, who became one of Tesla's major shareholders like him at the beginning of this year, cashed out all of his 5% Tesla shares.
Chen Pingsheng, however, planned to wait another two years. As someone who had worked in the new energy industry himself, he knew that the new energy market was still in its infancy.
It’s obviously too early to cash out Tesla now since we haven’t even seen the door to take off.
He planned to stay for a few more years.
Anyway, there are too many assets that can be converted into cash, so there is no need to touch these high-quality stocks at all.
After much deliberation, Chen Pingsheng decided to cash out all of the Shuiyunjian headquarters building in Shanghai and the Tengying Entertainment headquarters building in Beijing.
One reason for cashing out is that housing prices are no longer stable.
As a businessman with a keen eye, it is normal to cash out at a high price and take over at a low price.
There is no need to keep your money locked up when you know the market conditions are not good.
With the establishment of Jinshan Forest Headquarters, these buildings will not be of much use in the future.
Because we bought it relatively early, we can still make 700 to 800 million yuan by cashing out now. If we wait a few more years, I am afraid that we will not be able to keep the 1.9 billion yuan principal for the two headquarters buildings.
Not only that, his Hong Kong headquarters is preparing to cash out.
A large number of staff are concentrated in Guangdong, so the Hong Kong headquarters is actually of very little use, so it would be best to rent it from someone else in the future.
It is naturally better to buy when the price is rising, and it is more cost-effective to rent when the price is falling.
Chen Pingsheng had a clear calculation: with the completion of Kingsoft's headquarters, many headquarters buildings in other places would become useless.
Instead of leaving it there and waiting for it to depreciate, it is better to sell it early and make billions in profit.
He immediately started to send out information about the sale of the three buildings.
Those who can afford to buy his headquarters building must be very powerful. They basically know each other or are in the same circle.
Especially the Hong Kong headquarters building, he spent more than 10 billion Hong Kong dollars to buy it.
The current selling price is at least 12.5 billion.
If you keep the storefronts you own, you can still earn rent from them. However, once the market conditions are bad, the daily decline in the value of these buildings will be a considerable amount.
It's normal to lose tens of thousands of dollars a day. There's really no need for him to waste time like this.
Selling a house is not an easy thing. Those who are able to buy it actually know that the turning point of the real estate market is coming.
We have been raising prices to reduce inventory for many years. What can be sold has already been sold, and for those that cannot be sold, we can only think of other ways.
Hong Kong's richest man, Li, sold off heavily when the price increase and inventory reduction measures first came into effect. Although he made less profit, his journey was the smoothest.
There were many people who could take over the business at that time, but it is different now. There are very few people who can take over the business.
If someone can escape successfully, he really needs some skills.
Chen Pingsheng is not in a hurry. If he can sell it, he will sell it. If he can't sell it, he can only wait for the price to drop.
Anyway, things of this value cannot be sold through intermediaries, and information can only be communicated among wealthy circles.
Someone soon asked at the Hong Kong headquarters, and it was a tycoon he knew. The other party offered a 20% discount, which means he only offered 10 billion of the original price of 12.5 billion.
This takes into account the decline in the next few years.
You are so smart, so why should I sell it to you?
Chen Pingsheng refused without hesitation. He said he could bargain, and the bargaining space was 95% off.
Love or not.
He is not short of cash, so why should he give you a 20% discount?
Old Wang, who is short of cash, has been selling his high-quality assets at 50% to 60% off or even lower prices this year.
Chen Pingsheng definitely doesn't need it. He is rich and very powerful. There is no way anyone can take advantage of him.
Let’s put these three headquarters buildings on the market among the wealthy first. It would be best if they can be sold out before the end of the year. Otherwise, it would be a shame.
That would be a real bummer.
Market conditions change rapidly. Since the beginning of this year, except for a small number of wealthy people, most people have become conservative.
Even the real estate giant Vanke kept shouting "survive, survive, survive" during meetings.
Just from these three words, we can see that Vanke is extremely pessimistic about the future real estate situation.
From now on, let alone expansion, just being able to survive is victory.
Only Xu Daizi, after the real estate boom died down, actually called for a 300 billion investment in new energy vehicles.
We also aim to become a world leader by 2025, or even the largest automaker.
If he could do it, Chen Pingsheng would never believe it.
This guy typically can't finish singing one story, so he starts singing another one.
Unfortunately, even he couldn't remind those users who still needed the property and were willing to buy pre-sale properties.
There are so many things involved in real estate that no one dares to take the initiative to break this layer of paper.
That's not being a hero, that's simply courting death. (End of this chapter)
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