Chapter 660 Another Spring
If you want to cultivate a person's self-confidence, of course you can't just let her learn how to spend money.
The most important thing is to bring her along so she can get familiar with the operation of the entire enterprise.
Chen Pingsheng and Tang Jing arranged an intern position for Xiao Le in the group's secretarial team.
Not to mention the salary, the most important thing about being in this company is that you can understand the core operations of a large group.
We can also observe various complex interpersonal relationships from this.
For example, the political and business relations of Tencent Film Group are completely invisible at the grassroots level or in the general management level.
However, the secretariat team was able to discover that Tencent Film Group’s large investments were often in line with national strategic levels.
For example, we have been investing heavily in new energy, AI intelligence, solid-state batteries, etc.
These are all future industries that are advocated by the higher authorities and even hoped to be developed by leading enterprises.
Although the risk of investing money in this is extremely high, the corresponding political resources obtained are not comparable to those of ordinary Internet companies or even traditional companies.
It can be said that the most prosperous parts of Tengying Group are its traditional stores spread across major cities across the country.
Whenever you walk on any street in a city or county that is a little busy.
There will definitely be traditional stores of Tengying Group, and there will be more than one or two.
These are just outsiders' most intuitive feelings about Tengying Group.
It includes Tengying Entertainment, which controls half of the entertainment industry, and Tengyou Media, which has hundreds of thousands of internet celebrities.
They are just the external appearance of the enterprise.
The real strength of Tencent Film Group lies in its investment in the entire new energy industry chain over the years, as well as the political resources it has acquired through heavy investment in the AI sector.
Tengying Group is the undisputed uncrowned king in Kingsoft, and this is no joke.
Only after joining the secretariat team did I know where the true core of Tengying Group lies.
Except for short videos, the traditional sectors are basically the group's not very profitable businesses.
The group's overseas investment fund, Tengying Capital, controls over US$40 billion in cash assets.
Tengchao Commercial Management owns over 120 billion yuan of core commercial real estate.
Tengfei Capital wholly owns Tengfei New Energy, Tengchao Era, and Tengfei AI.
At least they all have a net worth of no less than 300 billion.
These things are the real core assets hidden by Tengying Group.
It has never been announced to the public.
The work of the secretariat is very complicated. Its main responsibility is to help Chen Pingsheng personally organize various kinds of information.
And deal with some daily affairs of the group, interpersonal reception, etc.
Xiao Le was confused at first, but then he gradually adapted and was able to receive all kinds of important people with a natural attitude.
The process took eight months to complete.
Her sister Xiao Ya is the same as her, and she interns here whenever she has a holiday.
It has to be said that such an opportunity is not something that ordinary people can have.
…
The days passed slowly, spring went and autumn came, and in the blink of an eye, eight months had passed.
Due to the impact of the disease in 2020, life has not been easy anywhere, and it’s summer vacation again.
Chen Anan finished her second year of junior high school, Erpi Ya was about to enter the fourth grade of elementary school, and even the youngest in the family, Chen Lu, was going to enter the first grade of elementary school.
For adults like them, time means nothing more than watching their children grow up day by day, and then making money, money, and more money.
2021…June.
A year and a half has passed since the onset of the disease, and the day when it will completely end is still far from being predicted.
Tengying Group also had a difficult time in 2020.
Feiyangyang’s net loss for the whole year reached 620 million.
Bobo Milk Tea’s market value has dropped to 12 billion yuan, and its annual net profit is less than 30 million yuan.
Lujiao Coffee is doing fine, and its profits have not been affected too much.
Snack Express, Tenghui Department Store, Shuiyunjian, etc. all saw a 30% decrease in net revenue compared to 2019.
The traditional catering industry is collapsing one after another.
The survival environment for small businesses is very difficult.
It is considered good if major companies can pay salaries normally.
Most of them either laid off employees or went bankrupt.
Consumption has been declining again and again, and the market is visibly getting worse year by year.
Of course, this is not the case in all industries.
New energy vehicles have developed rapidly, increasing from an initial market share of less than 3% to around 30% now.
This means that for every 10 cars sold, three are new energy vehicles.
Xiaomi's Lei Jun gambled his life's achievements and chose to build cars as his last entrepreneurial venture.
Huawei does not manufacture cars, but it helps car companies to manufacture cars and has become an intelligent supplier in the industry.
This industry is becoming more and more turbulent.
However, Chen Pingsheng is still sitting firmly on the Diaoyutai.
Tang Jing came to report that the new super factory in North America with an investment of 20 billion will be officially completed in less than a year.
Kingsoft has invested 28 billion yuan in the national artificial intelligence industrial park, which is expected to be completed in two months.
These are all major investments he made in 2020 and are also part of the group's core industrial chain.
Compared with investments in the technology sector, the losses in traditional sectors are nothing.
Tang Jing brought Xiao Le with him and reported, "Boss, after the AI Industrial Park is completed, we will recruit 10,000 to 30,000 professional talents domestically. This is a future data report from the Finance Department."
Chen Pingsheng took it and took a rough look. About 15 billion yuan was invested in building this industrial park.
The land is free, and the remaining 10 billion yuan is all the future operating costs of the industrial park.
Judging from the financial statements, at least 10 billion to 15 billion yuan is invested every year.
This is how the technology industry works. You spend a lot of money in the early stages, and only after many technologies mature can you make high profits.
It is obvious that although Tencent Film Group has invested in the AI sector for more than five years, it is still far from reaching the international advanced level.
After spending 80 billion yuan, it is still barely at the second-tier level in the world.
It is still far from the top AI technology level of Google and Nvidia.
This is actually normal, otherwise why would others have a market value of trillions of dollars.
As early as November last year, he had gathered the more than 40 billion yuan needed for Tengfei New Energy's development this year.
It’s just that now we have to raise money for 2022.
Not only Tengfei New Energy needs money, the AI Industrial Park also needs it.
He is now developing AI intelligence as a core project.
After becoming independent from Tengfei New Energy, its batteries will also be independent.
It is divided into three major sectors: car manufacturing, batteries, and AI, all of which will be listed independently in the future.
More than half a year has passed, and he is still not short of money. He opens his computer and takes a look.
Google, which saw a heavy investment of nearly $50 billion last year, saw its share price rise to $1.2 trillion.
It rose from 700 billion US dollars to 1.2 trillion US dollars.
The 1% stake he holds brings him a net profit of approximately US$5 billion, which translates to RMB 34 billion.
This is a typical example of wise investment.
As for the 3.5% stake in Nvidia that I still hold, its share price has risen to US$800 billion.
The only pity is that Tesla cashed out too early. It was stuck at more than 500 billion US dollars, but this year it has risen to 800 billion US dollars.
If he cashed out this year, he could earn an additional $30 billion.
This is how the stock market is, with ups and downs, no one knows what will happen tomorrow.
Even more unfortunate than him is Big Penguin, which also invested 5% in Tesla.
The Big Penguin was sold in 2019, so compared to now, it is only at a super low price.
Not even one-fifth of its current high.
Compared to that, he was pretty good, so there was nothing to be sorry about.
But he needs money again now, and he can't decide whether to cash out from Nvidia or Google.
Judging from the gains in recent months, Nvidia's gains are significantly smaller.
Google is very stable.
After much deliberation, he decided to cash out 1% of Nvidia first.
A one-time cashing out of 1% would yield approximately US$8 billion, which would completely solve the R&D funding needed by Tengfei New Energy in 2022.
After all, if converted into RMB, this is almost 50 billion yuan.
After this cashing out, he only has 2.5% of Nvidia left.
Of course, there are also a lot of corresponding benefits. Spending 50 billion in R&D funds every year can push Tengfei New Energy's core technology forward a long way.
These include three-electric technology, hybrid, extended-range, and solid-state batteries.
In two years at most, Tengfei New Energy will be able to turn losses into profits.
By that time, he will no longer need to invest money.
With the shares he holds, he will have no problem holding on for another two years.
It is enough to cash out only 1% every year. Once the money problem is solved, everyone can develop with peace of mind.
As for other aspects, they are not the key.
"Boss, Tengyou Media's market capitalization is about to break through 300 billion."
"This is really unexpected. Even I didn't expect it."
Chen Pingsheng only has 10% of Tengyou shares left, which is equivalent to 30 billion in assets.
Most of the Tengyou shares he held were cashed out in the 80 billion range.
I was already making a lot of money at that time, but I didn’t expect that the short video business would develop explosively in the past two years.
Tengyou Guild alone has 360,000 contracted anchors.
Compared to last year, it has increased by almost half.
Most of the contracted anchors make money by receiving rewards during live broadcasts, and a small part makes money by selling goods.
These people do not need any training from them, let alone extra wages.
Signing one is a net profit.
Over time, the contract amounted to hundreds of thousands.
There are countless internet celebrities.
A year later, the growth of Tencent Media alone was enough to make up for the losses of all traditional sectors.
Tang Jing chuckled, "I've been buying Tengyou Media and have made over nine million in two years."
"sharp."
Chen Pingsheng said, "When Tengyou Media reaches a market value of 300 billion, Zhang Wanyi will also be able to obtain her 1.5% option shares. She has become the queen of working women in China, even more powerful than Chu Qiuyan. You have to work harder too."
"As for me...I really need to work harder."
Tang Jing is quite satisfied with herself now. If she has the opportunity to go out and take over a large enterprise of Jiatengying Group, she will certainly be willing to do so. If she doesn't have the opportunity, she will also be happy to be a secretary to the big boss.
But she paused and said, "Xiao Ya has already passed the civil service exam and will probably be transferred to the Jinshan Government Office as an intern in a few days. Isn't it time to make arrangements for us as well?"
"It's time to make arrangements. I'll have dinner with District Chief Jin later when she arrives, and we can discuss investing in the second phase of Tengying High-End Community."
Tang Jing was astonished. "This is a whopping 20 billion investment! She was given such a big project right after she arrived. She's definitely going to be very successful in the future."
"She's also very hardworking. She's also been interning with you in the secretarial department for a few years. She should be able to do it."
Xiao Ya has been trained since her freshman year. Her sister Xiao Le also started learning how to spend money from him last year, and was then transferred to the secretarial office of the group headquarters for an internship.
It has been almost a year so far.
It is not easy to truly cultivate a good person. It not only requires money but also countless efforts.
Xiao Ya went to Kingsoft for an internship, and the Tengying Phase II project, with an investment of over 20 billion yuan, was a good start for her.
Once she has settled down there, she will start looking for a marriage partner.
Each step must be carried out according to plan without any mistakes.
Fortunately, my eldest sister’s two daughters are indeed obedient and very worthy of training.
Unlike Hu Lin, who is stubborn.
Only his younger sister Chen Qi likes him particularly. Of course, Hu Lin is still a good brother-in-law.
He takes very good care of his younger sister and the children.
Xiao Ya is slowly getting on the right track, and Xiao Le's freshman year has also ended. He will be a sophomore in September this year.
It will take another two years to truly cultivate it.
This is completely using the resources of Tencent Film Group to push them forward.
I hope the future will not disappoint.
Speaking of which, Tang Jing was quite envious. How could an uncle raise his niece like this?
It’s the first of its kind in the world.
The main reason for this is that Chen Pingsheng will not let Chen Anan and Erpi Ya enter that circle.
They are both his daughters and have the right to choose the lifestyle they like.
The two situations at my eldest sister's house were different; they were all arranged entirely by him.
Many people will reject it, because they have never experienced the harshness of society.
If this kind of opportunity were given to ordinary people, their ancestors' graves would explode and smoke would rise from their homes.
After arranging some matters of the group, Chen Pingsheng asked Xiao Le again, she is now a twenty-year-old girl.
"Le'er, you still have to intern here during the summer vacation, but you can have two days off on Saturday and Sunday."
"Uncle, I know."
"Well...you're planning a freshman reunion, right? Go ahead. I'll give you a day off."
"Okay, thank you, uncle."
Xiao Le left happily. She was no longer the ignorant girl who liked to show off her Aston Martin last year.
She didn't know how many important people she had received during this year.
Not to mention those in the business world, there are few who can have a higher status than her uncle.
It’s different in the political arena, where various big names often lead groups to visit.
Over time, you will gradually become more confident.
It's not the kind of superficial confidence, but a kind of confidence that radiates from the inside out.
It is also called the relaxed feeling of rich people, which means they can remain calm no matter what happens.
I am no longer the kind of person who would go to my parents for help when something goes wrong, and I am no longer the kind of person who would be blackmailed with just a few words.
She actually knew very well that no one could blackmail her uncle, but that was the main reason why he would not deal with it.
That kind of small thing is so inconsistent with his business status.
If he asked the group's legal office to sue someone for extortion, especially in Jinshan.
It is easy to create a stereotype that the strong bully the weak.
This is just like an elephant not even looking at a passing ant.
Last year she bought herself a Rolls-Royce Cullinan, and this year she bought a red Ferrari 812.
If a woman is rich, she will definitely want to own a Ferrari in her life.
This is a car you can't avoid unless you have no money.
Xiao Le happily rushed to attend the class reunion.
(End of this chapter)
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