Chapter 691 After Cashing Out
In September... the news that Chen Pingsheng cashed out 30 billion US dollars was an earthquake-level capital news not only overseas, but also in China.
This cash-out is mainly to solve three things. One is the world-class cruise ship Tengying. After paying off the entire balance, there is about 30 billion left.
Another thing is to upgrade the originally planned six-star Tengying Hotel into a seven-star hotel, which is rare in the world.
Another 15 billion yuan of funds were added to pay off the remaining balance of 35 billion yuan.
In addition, Tengfei Mobile has allocated all its R&D funds for the next two years at one time, including development funds.
About 50 billion.
The three items together cost almost 115 billion.
This also means that he will not have too many spending projects in the next three years, apart from donating 15 billion to Shanghai.
The remaining 80 billion will be allocated to Tengfei AI to develop AI mobile phones, AI smart robots, AI systems including AI chips and other core technologies.
This funding also means that the AI sector will no longer be short of money in the next two years.
After completely resolving Tengying Group's existing debt problem, Chen Pingsheng's investment approach began to shift from offense to defense.
So far, the dividends from the shares owned by his entire group, including his wife's projects, can only generate a stable net profit of about 22 billion a year.
Although this amount of money is not small, he still plans to increase it to around 40 billion.
The mobile phone project has been fully developed and the first Tengfei AI smartphone is expected to be released in June 2025.
The price will be around 5,000, which is a mid-to-high-end model.
In addition to being equipped with a series of relevant professional technologies of Tengfei AI, the most important thing is the standby function of the solid-state battery, which has at least 50% longer delay than mobile phones of the same price.
In addition, it is equipped with the top-level Samsung screen and Qualcomm mobile phone chip, and the whole set is priced at only five thousand.
It's hard not to be popular, it's just the price of making friends.
Tengfei Mobile Phone has a clear goal: the best configuration at the lowest price.
In the next three years, we only plan to make friends. Once sales are fully up, we will consider profit issues.
This is the benefit of independent investing.
In addition, his own Tengfei AI is also developing robots with related technologies.
The complete replacement of Tengfei Mobile Phone Super Factory, including the human resources of Tengfei New Energy, is just around the corner.
Once this step is completed, labor costs will definitely be reduced to a minimum.
There is no way around it. The development of automobiles has eliminated the rickshaw pullers of the past, and the continuous development of AI robots will quickly eliminate those assembly line workers.
After Tengfei New Energy Vehicles has firmly secured the top spot in domestic sales, it will only take a few years for Tengfei Mobile Phones to occupy the top three positions.
Tengying Group definitely has the ability to do this now.
This is inseparable from the group's annual R&D funding of well over 150 billion yuan.
It took him seven years to accumulate to this point, and once he starts to exert his strength, he will be unstoppable.
Once he takes over the mobile phone market, there is a trend of developing the entire AI industry, including home appliances, in the future.
There is no way around it. Tengfei AI, which invests 40 billion in R&D every year, must rely on a large market to recover the investment costs of its R&D segment.
Among them, computing power technology is the most important.
After completing this cash-out, his personal funds and the group's funds will be particularly abundant in the next few years.
This is how scientific research should be done. Never expect to make huge profits in the short term, as that will only end up costing you more than you gain.
Also next year, Tengfei New Energy will launch a true flagship car, equipped with the latest solid-state batteries.
When fully charged, the range reaches 3,000 kilometers, and the price has dropped to between 350,000 and 400,000 yuan.
Combined with the existing AI intelligent driving technology, the time is not far away for Tengfei's new energy vehicles to dominate this field.
It would be a lie to say I don't have expectations.
…
Over the past 24 years, housing prices have become increasingly difficult to maintain, and even the apparent prices are no longer sustainable.
Those who have bought a house seek stability, while those who have not bought a house hope for a drop in price.
When market supply far exceeds demand, this long-standing balance line is bound to be quickly broken.
The housing price issue can be said to be the hottest topic in 2024, without a doubt. It is even more difficult to discuss than blind dates today.
After Chen Pingsheng cashed out 30 billion US dollars, Tencent Film Group announced its full transformation into the technology industry.
The traditional businesses in hand have long been merged into giant enterprises through various integrations.
For the next three years, he will have no debt or financial burden.
There is no rush to cash out the remaining Nvidia shares, including 1% of Microsoft.
Chen Anan, who was preparing for her senior year at home, started her own countdown to the college entrance examination. Not only did she count down on her mobile phone, but her room was also covered with large labels saying that there were only XX days left until the college entrance examination.
As for her younger sister Erpi Ya, she has now started the first grade of junior high school.
Different from her sister's low-key and ordinary junior high school experience, Erpi Ya went to school with an exaggerated pace like a second princess from the first day of school.
What a grand ceremony.
Chen Xinyi spent most of her junior high school years in boarding school. Since she had never lived outside since she was a child, she naturally did not want to live away from home in school.
This objection was ineffective. I still had to slowly adapt to the group life outside when I entered junior high school.
Like her sister, there are four people in a dormitory.
The second girl chose the best bed and placed many of her own personal belongings in the dormitory.
The main reason why no one objected to her doing this was because she gave too much.
Erpi Ya doesn’t quite understand why her sister is so excited to prepare for the college entrance exam every day. Isn’t that thing very simple?
If they really can’t afford the exam, can’t their family afford to buy a house?
This is the biggest difference between her and Chen Anan. Anan especially wants to prove herself in her studies.
The college entrance examination is her best way to prove herself.
Jiang Tang, who had excellent grades, accompanied her to study every day, and the two agreed to apply to the same university.
It would be so embarrassing if Jiang Tang passed the exam and she didn't.
In the past, many people said that the college entrance examination is the most important turning point in life, but now no one says this anymore.
The main thing is that getting into university is just a matter of fact. Chen Anan just wants to prove herself.
She took the college entrance examination alone, and the whole family went out with her.
The first thing all her relatives said when they saw her was, "Come on, An An, you will definitely get into a good university."
Even her sister is like this, which shows that Chen Anan now really treats the college entrance examination as the top priority in her life.
I don’t know whether she can get into the university she is satisfied with, but the only thing that is certain is that she is working very hard on this.
I even dream about how many points I'll get on the exam at night.
After all these years, this is really the first time in my life.
Chen Pingsheng didn't want her to be under too much pressure, so he told her to just relax a little.
There is really no need for their family to regard the college entrance examination as a turning point in life.
(End of this chapter)
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