The economy is not doing well and investment has decreased in various places.
This is the clear economic situation since 2020.
But all this seems to have nothing to do with Tencent Film Group. In May alone, he announced two super-large projects worth tens of billions of yuan.
It is still a large-scale technology project worth over 20 billion yuan. The happiest one here is naturally Kingsoft.
Chen Pingsheng still has a clear plan. He will invest in all the projects this year.
There will be no particularly large projects in the next two years, and we will not reduce our holdings of Tesla shares before the end of the year.
The remaining proportion is only 1%.
It is expected that the funds will not be cashed out until 21 years to fully complete the funding needed for Tengfei New Energy in 21 years.
Based on Tesla’s current market value, it should be able to cash out around US$6 billion to US$7 billion by 2021.
With this money, Tengfei New Energy will still live a prosperous life next year.
Since the beginning of this year, he has significantly increased his investment in the technology sector. From the beginning of the year to now, he has invested 70 billion yuan in the technology field.
In terms of capital investment alone, it is definitely far ahead, and the results will most likely be far ahead.
This is really what I am looking forward to.
As for the Nvidia shares he holds, he will not cash out for two or even three years.
Because artificial intelligence is far from reaching its peak and is still in its take-off stage.
Selling at this time will undoubtedly reduce income to the greatest extent.
Whether we can live comfortably in the next few years depends entirely on the growth of Nvidia's stock price.
The current market value is still around 510 billion US dollars, and he holds 5% of the shares.
The market value is about 25 billion US dollars.
Even if the stock price stops rising, this capital can push his technology sector forward a lot.
At least there will be no problem in turning Tengfei New Energy from loss to profit and completing its listing.
As for the artificial intelligence sector, it’s hard to say.
AI intelligent driving, which has been under development for five years, will definitely be no problem.
In June, Chen Pingsheng met District Chief JS in a pavilion in Jinshan.
Thanks to Tencent Group's heavy investment in Kingsoft in the past two years, especially in the adverse situation, he also invested tens of billions of yuan to build such a national artificial intelligence technology industrial park.
The JS district chief, who had not moved for many years, was promoted.
In one step, he became the deputy mayor of the Magic City. Don't underestimate this step, it is crucial for him.
Before the promotion, he asked Chen Pingsheng to come out and talk for a long time.
No one knew what they talked about, but Chen Pingsheng always kept Xiao Ya by his side.
The meaning is self-evident.
The position of Deputy Mayor of Shanghai must be very high. I wonder which sector he will be responsible for after his promotion.
Transportation, finance, education, taxation, National Development and Reform Commission, health, or urban construction, science and technology new district?
The work here is very tedious and complicated.
We will have to wait until he officially takes office to find out the specific sectors he will be in charge of.
Chen Pingsheng certainly couldn't take care of all this, he could only try his best to do his best and build good relationships with others at the same time.
In the future, we will help you whenever you need us, but it depends on the specific situation.
After the two finished their conversation, he returned to Kingsoft headquarters.
In another half month, the Chen family will be able to move into their new home.
The Jinshan super villa, which has been under construction for several years, is finally habitable.
Chang Fu came to see him again. He was living a carefree life now, running a Chinese medicine therapy business and spending every day leisurely.
He is almost preparing for retirement. Usually, he goes to Gao Hu to see how he is doing as an internet celebrity selling products.
"Old Chen, are you really willing to invest so much money in Nvidia? Aren't you afraid it will plummet?"
Old Chen's own business is booming, and his investment sector is also going smoothly.
He made at least $25 billion from Tesla stock alone.
What the fuck is this concept?
For no reason, I made a profit of the total market value of a Haidilao company.
As the first listed company in the domestic catering industry, Haidilao’s market value this year is 200 billion yuan.
Lao Chen made 25 billion US dollars in cash from Tesla.
It's really not an exaggeration.
Chang Fu also wanted to learn how to trade stocks from him. Originally, Yang Qian asked him to follow the Chen family and buy Nvidia earlier.
But when he looked at the market value of 150 billion US dollars, he refused to buy it.
The main reason is that it is too high. At most it can only rise to more than 200 billion US dollars.
How much can he earn even if he goes in?
But who would have thought that in just two years, it would soar to more than 500 billion US dollars.
Even though the stock price rose so much, Lao Chen still invested 28 billion yuan in mid-May to increase his holdings.
It's already 500 billion US dollars, can it still go up?
Chang Fu expressed serious doubts.
He still has some money and has invested in many domestic listed companies.
I made some profit, about 15% last year, which is pretty good.
But people are afraid of comparison. Compared with Lao Chen's investment in Tesla, this is nothing.
"Investment is not guaranteed to make money, but long-term investment must be based on trends."
Chen Pingsheng said: "In 2016, I knew that new energy was the trend. I continued to increase my holdings in Tesla for four consecutive years. It was not just this new energy company. I invested in all the domestic future companies, such as BYD. Facts have proved that the new energy track is indeed viable, and the overall growth is all upward.
"Last month, I attended two global economic conferences overseas, and artificial intelligence was the topic most mentioned at the conferences. The future will undoubtedly be an era of artificial intelligence.
"You may think Nvidia is particularly high now, but you have to understand that it is the company with the most potential in the field of artificial intelligence. Do you know what that means?"
Chang Fu smiled bitterly and said, "My wife has always asked me to invest with you. You have long said that the new energy sector will rise. I just didn't dare to invest the money."
"Don't feel sorry for it. No one knows what the future will be like until we cash it out."
Chen Pingsheng said: "It's just that I did make a lot of money on Tesla's side."
He actually made more than 20 billion US dollars on this stock.
Nvidia has invested over 60 billion yuan in total.
As long as you don’t succeed in cashing out, who knows how much you can earn?
Chang Fu was envious, jealous and heartbroken because he saw that he made a lot of money.
His wife, Michelle Song, has long told everyone to invest their money in the new energy sector, and many of his relatives have followed suit and bought Teslas.
Making money is certain, it’s just a matter of how much.
Stock trading is still very risky. The reason he can make money is because so many people help him analyze the situation.
Chang Fu earns little, but that's because he likes to hear inside information.
I heard this inside information today and went to buy some. I heard that inside information tomorrow and went to buy some again.
The result was just the same throughout the year, which was far worse than long-term holding like him.
Once he identifies a stock, he usually holds it for four to five years.
Few people sell in the short term, but there are occasional bottom-fishing sales.
Just like last year, when the stock price of Future fell below the bottom, he bought hundreds of millions.
Then it increased more than thirty times within a year, and he sold it when it reached twenty times.
The main reason is that I feel that the future boss is not very reliable.
Chang Fu also made a lot of money from this stock by following him, which is why he made a lot of money from stock trading last year.
Otherwise, there would be no money to be made from his so-called insider information.
He is the only one who can hear inside information even when washing his feet.
This is a bit too much inside information.
(End of this chapter)
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