Chapter 678: Xiangjiang Conference and Holiday
On the eve of high school vacation.
Chen Anan also saw the ridiculous news about the explosion in Shanghai at school.
Anyone who can feel the passion in this hot spot is an outsider.
Even those who sat at the children's table were looked down upon and sneered at by the locals.
Take Chen Anan for example. A car worth millions is nothing to her.
The top wealthy people all play with private jets and multi-billion dollar super yachts.
Not to mention that foreigners who can travel to Shanghai are not of ordinary conditions.
Just like the Chinese people who go abroad to study or even travel frequently, who doesn’t have assets worth tens of millions at home?
The truly wealthy class despises showing off their wealth. Only those who have no money or have suddenly become rich like to show off their wealth.
This is not shocking at all, it's just making people laugh for no reason.
Her father even waited for her to go to Hong Kong during this winter vacation just to attend the Tencent Film Group Global Shareholder Economic Exchange Conference.
Those who can have a seat there usually manage assets worth 40 to 50 billion yuan, so what they discuss is naturally not a trivial matter.
It can be said to be an important turning point meeting in the post-disease era.
The school is about to go on vacation. After the first semester of her freshman year, she has not gained much except for making some new friends and classmates.
The knowledge she learned in school was far less than what her father had allowed her to experience.
On the day of the holiday, she took the special car arranged by her family to the Shanghai Airport.
Then she and her father went to Hong Kong from the airport on the family's top-of-the-line Sky One worth more than 700 million yuan.
Also traveling with her were her sister Erpi Ya, brother Chen Lu, and mother Yan Xi.
The others are her own secretary Shen Youwei and Tang Jing.
Apart from their family, the only others who would go there to attend the meeting were Tencent's earliest global investor and the dean of the Economic Research Institute.
The conference center is not in his home, nor in an office building, but in a top private club in Hong Kong.
This was bought by Chen Pingsheng himself at a cost of more than 3 billion yuan. It was specifically used to host gatherings with friends and family, and to hold meetings.
Everything inside is kept strictly confidential, and all necessary entertainment facilities are available.
The theme of this meeting is also very clear. The first is to affirm the previous industrial integration.
Then, for industrial integration, we will propose some specific and rapid integration methods.
This is just a discussion section at the capital level.
Another sector is the post-disease era. Although the disease era has passed, there is no doubt that the economy has also declined.
It can even be said that the whole world is facing severe tests.
How can we find new opportunities under such severe tests?
There are two other points. One is to make a larger industrial layout for the global economy.
And the major changes that are about to take place in the field of AI.
First of all, when it comes to the capital game, they are all experts, each with their own tricks, and generally they play it very well.
The second is foreign trade exports, which will definitely be greatly restricted in the future. As for building factories overseas, Tengfei New Energy has already started construction as early as 2022.
What we need to do now is how to sell it well overseas.
Secondly, global investment is also necessary. Due to the real estate industry in China, many industries are on the decline.
However, some backward areas overseas are on the rise, and some are even similar to the situation in China in the 1990s.
It is in the initial stage of take-off.
As a large global cross-industry capital group, Tencent Group must find such new overseas locations.
If nothing unexpected happens, Guomeng Fund will also make cross-sea investments.
Whether it is his own Wall Street Capital, Tong Zelan and Shen Nanpeng, or the Institute of Economics, they have been searching around the world.
This is the nature of businessmen, buy low and sell high.
Chen Pingsheng will also personally invest no less than 30 billion yuan in overseas investment in 2023.
Together with others, they can easily raise a huge investment amount of between 150 billion and 200 billion in 23 years.
Used to buy some super large projects at low prices.
There is no such thing as starting from scratch for overseas projects. The fastest way to expand has always been to buy, buy, and buy.
In addition to this normal overseas investment, AI has also been clearly identified as the core technology of the future.
Domestic AI technology can only be said to be at the infant level, and is still in the early stages of learning to speak, but it has been studied overseas for many years.
Chen Pingsheng's AI research and development includes a series of fields such as intelligent driving, artificial intelligence, and robotics.
He wants to quickly achieve accumulation and technological advancement in this sector, in addition to accumulating certain basic patented technologies.
The most important thing is to complete global expansion overseas.
To put it more simply, you spend money to buy technology, or to buy a technical team.
Some overseas technical teams have developed technologies that are not bad, but due to lack of R&D funds, many of them are unable to sustain themselves.
Now his opportunity has come. He can spend a huge amount of money to buy both the person and the patent.
To some extent, many tech giants do this.
Once they feel that your technology poses a threat to them, they will either spend a huge amount of money to buy you out or directly use legal weapons to strike you down.
This is also the main reason why domestic technology products could not be exported in the early days, because of the pressure of technology patents.
You are often sued and fined so easily that you start to question your life.
There are many patent trolls overseas.
If he wants his own AI technology to develop rapidly, the fastest way is to spend huge sums of money to buy more basic patents from overseas to prevent himself from being helpless when going overseas.
Needless to say, this step has to be taken immediately.
In 2023, whether Tengfei New Energy goes public, or cashes out its shares in Google or Nvidia.
All this means that he will not be too short of money. In this case, he plans to spend 50 billion to thoroughly improve the basic technology accumulation in the field of AI and acquire some cutting-edge technologies.
Ensure that Tengfei AI can complete its own blockbuster technology around 2025.
It wasn't easy. The meeting and discussion lasted a total of three days.
During this period, domestic investment was not mentioned much, mainly because the current situation in the country is not suitable for large-scale investment.
The golden age has passed, and the next five to ten years will focus on maintaining the business.
Chen Pingsheng's main investments are in overseas markets.
Domestically, the focus is still on the research and development of new energy vehicles, including AI artificial intelligence and solid-state batteries.
In fact, AI also includes big health, and in the future AI may be able to treat people.
They are more professional than ordinary doctors. Don’t think this is an exaggeration. This is a trend in the development of AI.
It's not just ordinary assembly line workers that will be eliminated.
There are also many professional fields, including painting, animation production, sketching, as well as driving, medical treatment, etc.
All I can say is that everything is possible.
If there were no particularly large application scenarios, it would not be defined as the core technology industry chain of the future.
The reason why Apple gave up on making cars is that it judged that the end of making cars is AI artificial intelligence.
If that’s the case, why doesn’t it devote all its efforts to developing AI?
This is also the main reason why Chen Pingsheng wants to increase investment in the field of AI.
He is indeed rich, but certainly not as rich as Apple.
In 2022, Apple's annual net profit was US$99.8 billion.
I don't know who would dare to say that it's failing. The profit alone is beyond the imagination of ordinary people.
It must be admitted that Chen Pingsheng himself was also gambling.
When it comes to competition in the new energy field, the strongest competitor is Tesla.
But AI is different, it brings together the world's best top technology giants.
Including Nvidia, Google, Apple, Microsoft, etc., none of these giants are easy to deal with.
The 50 billion he spends a year may seem like a lot, but it is actually only one-fifteenth of Apple's annual profit.
It's just that exaggerated.
Apart from investing 30 billion overseas and 50 billion in the AI field, he basically does not need to invest too much money in other areas.
The core competitive area in the future will still be in technology.
This is not something that can be achieved overnight, and whether AI can be truly developed is completely uncertain.
After all, AI involves too many fields, from various robots, including artificial intelligence, to writing online novels. It will one day achieve disruptive creation.
An ordinary online author can only write 5,000 to 6,000 words a day when writing a novel. AI is different. Through a lot of analysis and computing power, it can produce hundreds of thousands or even millions of words for you in an hour.
You just need to keep investing in the basic framework and model of the novel.
If this thing really develops to its peak, it will be hard to say whether it is good or bad.
But one thing is certain: it will replace countless industries.
Even the next generation core technology of mobile phones is AI mobile phones, which shows how wide its application range is.
The reason for investing 50 billion yuan is to build more AI centers and research institutes in developed countries overseas.
Regardless of whether he can do it well or not, he still has to grasp the next generation of trends.
After the meeting was over, Chen Anan took a lot of notes.
In her understanding, large-scale business activities all depend on trends.
If you want to make a lot of money, you must focus your investment on five or even ten years later.
Whether it is business or investment, the essence is to buy low and sell high.
Technology is different. It requires you to invest first, and after you have identified a point, concentrate all your human, material and financial resources to overcome one major obstacle after another.
This period of time may be three years, five years or ten years.
If you want to reap the rewards, you must invest first and be able to withstand the pressure.
It worked, and I made a lot of money.
If it fails, all the money will be lost.
As for a company of her level, it will definitely still be based in China, but it will also focus on the world.
Hong Kong is also the peak of the land rent economy, and its housing prices are among the highest in the world.
The pillar industries have always been finance, trade, real estate, tourism and other four major supports.
Even with such development, there is no trace of physical manufacturing and technology industries.
It can be said to be another kind of peak.
Their family didn't stay in Hong Kong for too long. They returned to Shanghai after the global shareholders' meeting.
During the three years since I became ill, Tengying Group has not held an annual meeting, and year-end bonuses are directly deposited into my card.
The illness has just passed this year, so we can have some fun.
On the first two days of the holiday, the group held its 2022 annual summary meeting in Jinshan.
Their annual meeting is so lively, with many stars and big names gathered.
There are 70,000 to 80,000 employees at Jinshan headquarters alone, and if you add those overseas, there are also high-ranking personnel who have come from all over the country.
The starting number is about 80,000 to 90,000.
Ordinary venues simply cannot accommodate so many people, and we need the largest possible gymnasium.
This annual meeting was not for show. Chen Pingsheng first announced several important decisions on the stage.
The first thing is naturally to celebrate the passing of the disease, and the second is to remind everyone that the era after the disease is likely to be more severe than the one before.
Other sections announced include the group financial report and the group revenue for 2022.
Many sectors are not included, but what is certain is that they are still the richest among domestic private enterprises.
Cash reserves continue to lead.
Thanks to the successful listing of Tengde Times, Tengying Group’s year-end bonus in 2022 reached 6 billion.
This is an independent bonus without group dividends, which can be said to be extremely exaggerated.
It is also a reward for the hard work achieved in the past year.
Tengying Group has never encouraged the spirit of hard work, but it will definitely affirm the dedication of its employees.
Chen Pingsheng will never let down those employees who are willing to work hard and take charge of the group.
They will use large amounts of money to meet their economic needs.
This is much better than just painting a pie in the sky and giving empty praise.
After all, who doesn’t work for money? If you put in the effort, there must be a reward. This is normal.
After the New Year, the family will decide where to spend the New Year.
Erpi Ya didn't want to go back to Wangcai Village. No matter how big a village was, it was still a village.
She grew up in a big city and was used to the hustle and bustle of the city. When she went back to the countryside, no matter how she played, it didn't feel the same.
As for Chen Anan, it's okay. She can stay in Modu and it's okay for her to go back for a few days.
After much discussion, we decided to go back next year and stay in Shanghai this year.
Anyway, my younger sister Chen Qi and her family also stayed in Shanghai, but my eldest sister went back early.
Erpiya’s daily life during the winter vacation is quite happy, and she also imitates her father.
Give New Year's red envelopes to all employees and ask them to come back to work early after the New Year.
The annual leave for large and large companies is 15 days, and the holiday starts before the New Year's Eve.
Without the personal care of big companies, she would no longer be one of the top three CEOs.
Instead, she became a normal ten-year-old princess.
There is no ambiguity about where to go for fun every day.
Either he goes fishing on his family's super yacht, or he goes to the big shopping mall to see if there are any new products he likes.
When she is at home, she can't sit still and goes around to play.
Chen Lu’s plan was simple. He quietly sent someone to find Su Xiaoxi, and then ran over to play with her.
The only difference was Chen Anan. Before the New Year, she actually called two female classmates and prepared to go out for a trip of her own.
What does it mean?
The three girls took seven or eight bodyguards with them and went to explore some remote places in the country.
My daughter has grown up now and knows that I am going to travel.
Chen Pingsheng did not stop them, but just asked them to be careful when going out.
The country is still very safe, just don't run across the border for no reason.
(End of this chapter)
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