After the annual meeting.
Chen Pingsheng has a lot of people around him, and he cashed out 40 billion yuan near the end of last year.
The group has 20 billion in reserve funds, and another 10 billion is used for the Dream Fund.
The remaining tens of billions have not been touched yet.
He also did some calculations and realized that he would not be able to use the money for the time being, so he simply invested it all in Nvidia stock.
He currently holds only 1.7% of Nvidia's shares in total.
And Nvidia is like a wild horse with no end in sight, galloping all the way.
It has risen to 300 billion US dollars so far.
In other words, the 1.7% in his hands is worth 5 billion US dollars.
Now with another investment of tens of billions, the shareholding will rise to 2.1%.
It's only tens of billions, an increase of only 0.4%.
Aside from Nvidia shares, his most valuable stock is a 4% stake in Tesla.
Tesla's stock price has also skyrocketed in the past two years, reaching $160 billion.
This is expected to surpass Toyota and become the world's most valuable listed automaker.
It's quite outrageous to say that it surpassed Toyota, after all, Toyota is the undisputed world leader in sales.
Wherever there are roads, there are Toyota cars, and this is no joke.
Compared with these two stocks, Pinduoduo's 3% and the 3.5% of the yet-to-be-listed Douyin Group are not particularly attractive.
After discussing with the Institute of Economic Research for a while, Chen Pingsheng finally made a decision that he didn't know whether it was right or wrong.
All 3% of Pinduoduo's shares, whose market value has risen to 100 billion US dollars, were cashed out to increase holdings in Tesla and Nvidia.
The reason for making this decision is mainly due to a certain prediction of the domestic e-commerce environment.
For example, Alibaba and Tencent are both at their peak, and Alibaba’s market value this year has reached 700 billion US dollars.
The same goes for giant penguins.
If Pinxixi can reach half of this number in the future, it would be a miracle.
It is impossible to surpass such numbers.
Nvidia and Tesla are different. Neither Chen Pingsheng himself nor the Economic Research Institute can give an accurate figure.
In other words, there seems to be no ceiling for these two stocks.
You, me, or anyone else cannot predict how high it will rise compared to the limited income.
This unlimited opportunity is obviously more attractive.
Based on this wave of cashing out and conversion from Pinduoduo, Chen Pingsheng holds a total of 2.5% of Nvidia.
Tesla 5%.
If nothing unexpected happens, these will be the two most valuable stocks he holds.
If Nvidia's market value rises like crazy to a trillion dollars, then his 2.5% will be extremely valuable.
Of course, he invested tens of billions to buy these shares.
The same goes for Tesla.
It is not easy to sell TikTok as it is a strategic holding.
As of now, he has not heard of any plans for Douyin to go public, and it may not go public in the next two or even three years.
Anyone who tries to cash out before going public will suffer heavy losses. Only by going public can one maximize the shares in hand.
At this time every year, Chen Pingsheng would rearrange his asset portfolio.
This year is no exception.
I have basically sold all the shares that are not very valuable.
When he encountered short selling by Muddy Waters in the early days, he absorbed an additional 15% of Lujiao Coffee.
Currently, the global market value of Luckin Coffee is US$13 billion, and his 15% can be cashed out for US$1.9 billion.
His expectation for Angler Coffee is at the stage of 30 billion US dollars.
You have to know that he has invested all of Leicester City's football resources in this brand.
It has become what it is today because of the crazy advertising it has received.
The returns are also quite considerable, and the facts once again prove that selling coffee is far better than selling milk tea.
Not on the same level at all.
Bobo Milk Tea, which has already reached the ceiling in China, currently has a revenue of only over 20 billion yuan, less than 30 billion yuan.
It is far inferior to the overseas expansion of Luckin Coffee, which is listed on Nasdaq.
Chen Pingsheng did not have much use for the cash he cashed out, he simply took out another billion US dollars to increase his holdings in Nvidia.
Don't stop until you hold 2.8%.
With the remaining 900 million US dollars, he allocated 500 million pocket money to Big Brat.
Another 300 million was allocated to Erpi Ya’s three major companies.
Erpi Ya has started to do good deeds now, no matter if she was fooled by her sister or she really wants to be kind.
These are all good things.
You have to know that at this stage, they all focus on doing charity and accumulating virtue for their family.
He didn't touch the remaining 5 billion.
Everything that needs to be built in Jinshan has been built. Chen Pingsheng is sure that even if the big penguin comes here to sue him, it will still be his younger brother.
There is no Nanshan Pizza Hut, only Kingsoft Internet Security.
This is the so-called regional investment advantage. In this regard, no one can beat him at the legal level.
If so, it must be that the law is not perfect yet and needs to be improved urgently.
Of course, this is all aimed at top-level disputes between large companies like theirs.
Consumers don't exist.
If this is applied to consumers, it would be truly outrageous.
After the year.
Countless employees' children attend Tengying Primary School, Tengying Junior High School, and Tengying's own high school.
Don’t think that they have only been in the education sector for a few years, because money can make the world go round.
Tengying School’s own educational resources are definitely comparable to any top primary, middle and high school in a super first-tier city.
Not to mention universities, which are a bottomless pit of investment.
It requires a very high foundation to do it well. Even someone as talented as Chen Pingsheng cannot do it just by working in a top university.
There is no big problem for elementary school, junior high school, and high school.
After all, this kind of school does not need to do its own research, it just needs teaching staff.
If you spend the most money, you can naturally hire the best teacher.
This is the same for primary, secondary and high schools everywhere, and this is the main reason why everyone is moving to big cities.
Small places have less money, so educational resources are naturally very limited.
In private schools run by top private enterprises like theirs, teachers must have at least a master's degree from the best universities in the country.
The annual salary is 300,000 plus various benefits, starting at 500,000.
This is how reading proves to be useful.
It can also help those top students not to waste their years of learning.
College students who spend hundreds of thousands of dollars to study may earn less than a delivery man after graduation.
That's a joke, not only to the college students themselves, but also to their parents.
Who doesn’t study for a better future?
You go to talk to him about his dreams when he has no money and can't even afford basic food and clothing.
That's a typical example of asking a kid from the mountains, why doesn't your family eat meat? Is the meat not tasty?
This question is stupid and reveals sophisticated selfishness.
Some well-known female entrepreneurs in the country are actually widely promoting such remarks. Don’t they know that times have changed?
Actually, it’s not like that. It’s just because she has money and doesn’t need to struggle for this thing anymore.
Chen Pingsheng has never liked this kind of people.
The group's operations are still as usual. Apart from the shutdown of Wu City, which requires hundreds of millions of dollars to support the employees of the city every month, other places are not greatly affected.
For now, except for Feiyangyang, which is already at the break-even point with no profit or loss.
Other companies are still profitable.
As long as there is profit, everyone can continue to move forward without panicking.
This is also the main reason why Chen Pingsheng is so calm.
Being debt-free really makes me feel free, and there is no such thing as having trouble sleeping at night.
As long as the big health and new energy sectors rise again, his Tengying Group will be like Alibaba and Big Penguin.
Become the strongest private enterprise in the country in the true sense, and a behemoth spanning countless industries.
Tongxin's family didn't have too much to worry about, as his wife and the entire Shuiyunjian were losing money and resources.
No resources are required at all.
It’s just that the Dream Fund needs a little support, just a little.
Yuanmeng Fund has been in operation for five years and has already accumulated a number of projects waiting to be listed.
Once the listing is completed, the Dream Fund will be able to make huge profits from those projects.
These profits can also be used to push venture capital projects in the field of big health forward a lot.
In the early days of his business, he still needed Tong Zelan and Shen Nanpeng to help him complete the listing.
Now he does everything independently.
Tengying Group no longer lacks any link in this industrial chain.
This is also the main reason why he rarely looks for Tong Zelan, including Shen Nanpeng.
(End of this chapter)
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