Chapter 764: Approachable
Chen Pingsheng is also quite approachable.
When I have nothing to do, I will sit on the first floor and read a book like those college students.
No matter what you do, you can play games on the computer.
His studious appearance as a middle-aged man was quite encouraging to the college students.
Who says people shouldn’t study when they get old? Look at him, he’s still working just as hard.
As for Su Xiaoxi, she has her own persistence in her heart. Although she has more free time after coming here, she still works seriously.
There was no complaint at all. That silly boy Chen Lu was completely focused on her. At first, Su Xiaoxi's academic performance improved rapidly because of him.
Now, because her willpower seems a little depressed, such a big emotional fluctuation is a taboo for any superior.
Chen Pingsheng put down the book "One Hundred Years of Solitude" in his hand. Apart from the long list of names in the book, it is indeed very distinctive.
He called Su Xiaoxi, who was fiddling with the bookshelf, over and asked her, "Are you used to your work lately?"
"Uncle Chen, I'm used to it."
"Well... you're a top student at a key university after all. Doing simple tasks that don't require much brainpower every day really isn't suitable for you."
Chen Pingsheng took a book and handed it to her. "This is the internal reference of Tengying Group's eight years of development. It records the group's development history in detail, including the detours it has taken, as well as the minutes of internal meetings."
Many large companies have their own development books, but these books are usually beautified by external authors.
Or they may be praising the founder and deifying him.
The book "Tengying Eight Years of Internal Reference" that Chen Pingsheng gave her was completely different.
It records in detail the development and challenges of the group at every major stage.
The most important thing is that there are no perfect people in it, only timely adjustments after taking detours.
There are also many high-level speeches at major conferences.
This kind of internal book is not sold to the public at all. It will only be distributed to internal employees who have reached a certain level.
This is purely internal management reading material.
Over the years, many people have wanted to write business biographies based on Chen Pingsheng's name.
He rejected them all. He is not a legend, nor is he qualified to be one.
Su Xiaoxi was flattered. She held a very thick internal reference book on Tengying's eight years in her hand.
When she finished work and returned to school, she opened the book about Chen Lu's father as if it were a treasure.
For a top university like theirs, the dormitory environment is very good, with only four girls living there.
Everyone usually studies seriously and rarely disturbs each other. They only chat occasionally when they have something to do.
Su Xiaoxi sat alone in the corner of the window, a ray of light shone on her face, desolate yet beautiful.
When she opened the first page of the book, it recorded a summer in 2013.
At that time, traffic dominated the entertainment industry, and BAT dominated the entire mobile Internet era.
The three major video websites cover the entertainment industry.
Tengying Group was born in such an environment. The earliest Tengying Group relied solely on investment to make profits.
After it becomes bigger, it will start to recruit its own artists or open training classes.
All Tengying artists adopt the individual independence system in Tengying Group.
That is, the group provides the resources, and the small group of artists obtains 90% of the profits.
The good cooperation model has enabled Tengying Group to grow rapidly.
Finally, a development path was determined with entertainment traffic as the core, covering the entire real industry.
In just a few years, Tengying Group has invested in and established a large number of physical enterprises, including Bobo Milk Tea, Lujiao Coffee, Snack Kuaipao, and Feiyangyang Catering.
All paths to success are not determined in the beginning, but are constantly explored according to the changes of the times.
Su Xiaoxi saw that it was already eight o'clock in the evening.
Not only did she see the early development history of Tengying Group, but she also learned about the drawbacks of the development of many large groups.
Just like the deliberate indulgence before those managers came to power.
There emerged an internal concubine selection incident that shocked the entire group, as well as an offline management bundling incident.
The group has held numerous large-scale meetings, made timely adjustments, and even resorted to drastic reforms.
This is how the group continues to this day.
From this we can see that the beginning of any business's development is not smooth sailing.
Even someone as strong as Chen Lu's father had to make many mistakes before he could realize his mistake and complete the group reform.
But the values he has always upheld have not changed.
The times are developing so fast that people can hardly react.
The internal reference mentioned in detail a failed investment, which happened when TikTok was just established and its founder came to them for financing with a valuation of US$7 billion.
As a result, Chen Pingsheng and the top investors he knew all felt that the valuation was too high and passed on the opportunity.
Later, Chen Pingsheng only recognized the value of the company and did not pay much attention to the current price.
That is why he was able to successfully invest in Tesla in 2016 and buy a large position in Nvidia in 2018.
It was also because of these two investments that his personal wealth skyrocketed.
Afterwards, the entire group began to fully transform into the technology field, starting with investment in 2016, and it was not until after 2023 that the technology sector achieved break-even.
The capital invested during this period is beyond imagination.
This book rarely touches on the technology sector, only mentioning it briefly.
"Xiaoxi, what are you looking at? Why are you so engrossed?"
A roommate came over to ask her curiously, and Su Xiaoxi said, "It's nothing, it's just a book given to me by an elder."
"Oh... you have such good grades and you can still read so carefully, can you lend it to me?"
"This..." Su Xiaoxi was a little hesitant. It was not because she was stingy, but mainly because when Chen Lu's father gave it to her, he did not say that it could be lent to others.
"You can watch it, but don't tell anyone else."
After thinking about it, she agreed.
"It's so mysterious. What kind of book is it?"
The roommate took it and looked at it, "Tengying Eight Years Internal Reference, how do you have such a book? This isn't a book from the school library, right?"
"No, it was given to me by Chen Lu's father."
"I see."
Her roommate also followed her and read it with great interest. The eight-year internal reference also included some of the turmoil caused by the initial recruitment.
And changes in the human resources department of Tengying Group.
The biggest influence among these is the founder's own philosophy.
A series of early recruitment standards made Tengying Group's personnel expenses far exceed the entire era.
But the final result was also unexpected.
According to the group's internal statistics, the turnover rate of the poor college students first recruited by Tengying Group was much lower than the industry average, and the same was true for the promotion rate.
The stability and recognition of talent have largely ensured that Tengying Group has survived the coldest three-year period in the physical industry.
Even now, most of those people have become the backbone of the entire group.
It also drives the group forward steadily after leaving the founder's past divine ring.
Tencent Film Internal Reference records almost every process in detail, from mistakes to success, from the most basic personnel recruitment to the eight-year development history.
There is no deification of anyone in it, only a true record.
The more this is the case, the more the actual value of this book will be revealed.
Anyway, after reading it, Su Xiaoxi couldn't sleep for a long time, and even saw the golden era of entrepreneurship in it.
(End of this chapter)
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