The cold winter is coming.
This is not just empty talk, but should be understood from an economic perspective.
As far as Chen Pingsheng knows now, at least three trillion US dollars have flowed overseas in just a few years.
Economic development cannot be separated from investment. When so much capital flows overseas, the result can be imagined.
In addition, real estate is still a little crazy among the middle class.
Only they still believe that housing prices will always rise. A well-known real estate company has now launched a 30% discount on home purchases.
Although there are various rules and restrictions, it is still a real price reduction promotion.
You must know that real estate companies cannot lower house prices casually.
That could easily lead to a large number of homebuyers seeking redress, and there would also be a document on it.
The restrictions are no joke.
Chu Qiuyan is the founder and president of Bobo Milk Tea.
She can clearly feel the drastic changes in the market in the past one or two years, let alone other ordinary entrepreneurs.
Mass entrepreneurship and innovation seemed to be the slogan from a few years ago.
At that time, success gurus were extremely popular and people flocked to sign up for their courses.
Now, success gurus have become almost second only to domestic experts.
Very few people will believe it.
This means both an improvement in the overall awareness of ordinary people and a drastic change in the market environment.
"Uncle Chen, how should we deal with the future environment?"
"Don't worry too much."
Chen Pingsheng said, "No matter what, maintaining sufficient cash flow to prepare for the downturn is a long-term plan that must be made. Furthermore, we must improve our internal mechanisms and focus on internal development. For the next few years, you should refrain from distributing dividends and reduce large external investments."
It is normal for listed companies not to distribute dividends for several years, and there is nothing to explain to the public.
Buy an umbrella for sunny days and prepare sufficient cash flow.
No matter how big the difficulties are, we can overcome them.
This is not just true for Bobo Milk Tea, but for all of his listed companies.
The direction for the next few years will be to reduce investment and expand corporate cash flow.
Originally, Tengying Entertainment proposed to invest in building a film and television city, but this large investment has now been rejected by him.
Tengying Group is both a whole and composed of countless large individuals.
The current strategic direction is to reduce funds overall, and individual listed companies must accumulate sufficient funds.
In preparation for the coming of cold winter.
Large investments will only appear on his side, and others will start to shrink.
Chu Qiuyan expressed her understanding, saying that Uncle Chen had made almost no mistakes in this regard.
Every time I can seize the right opportunity in advance and achieve success as quickly as possible.
Even he felt that the future economy was not optimistic and that companies had to start cutting back on funding.
The situation must have been very serious.
He even reminded everyone that those who used money to speculate in real estate in the early days should withdraw their money as soon as possible.
I would rather put my money in the bank than in my house.
Chu Qiuyan, Chang Fu and Gao Hu all used some of their wealth to speculate in real estate.
No need to linger.
As for Chen Pingsheng himself, he has invested 60 billion in commercial real estate.
Including the premium over the years, it is more than 80 billion.
These fixed business assets are used by him to ensure family inheritance, and the companies he holds shares in are all overseas.
A slight increase or decrease will not have much impact.
The most important thing is to be able to collect billions of rent every year.
It is inevitable for wealthy families to invest in some stable assets.
He spent the next few days in meetings at headquarters.
The core point is that a cold winter is coming.
Except for Tengfei New Energy and those unlisted projects.
All companies must tighten their financial management and prepare at least three years of worry-free financial funds.
Not to mention other companies, even Tencent Entertainment, with a market value of 160 billion yuan, has to massively reduce unnecessary investments.
Chen Pingsheng himself still owns 40% of Tencent Entertainment shares, and he also jumped on the bandwagon when the cold winter came.
He took out another 10% to cash out a large sum of money.
He used this money to fill the funding gap of Tengying Future City and high-end ecological community.
He still lacks tens of billions of funds, so he is trying to cash out while the market is still good.
This is normal.
If such a large amount of cash is cashed out through the stock market, the stock price may be cut in half.
Or seek buyers from the capital market at a 20% discount.
Some people want to buy, but they also want some additional conditions, either explicitly or implicitly.
For example, if he fell in love with some female celebrities, Chen Pingsheng would naturally reject them all.
In the end, it was Baidu that took action.
He has no choice but to take action. Alibaba has Youku, Penguin has Tencent Video, and he also has iQiyi.
Alibaba and Penguin both have shares in Tencent Film Entertainment, but he does not.
Then there is naturally a big gap in film and television resources.
Even though he knew that the price of Tencent Entertainment's shares was inflated, he still did it for the development of its video website.
This is the only money I can spend.
Baidu was very popular in the early years, but it has obviously fallen behind in recent years.
He jumped on every opportunity, but ended up with nothing.
The specific reason for the failure to develop is that it suffers from big enterprise disease.
Chen Pingsheng has always been wary of his own company making the same mistake.
After receiving 12.8 billion yuan in funds from him, in addition to filling the funding gap for headquarters construction.
Of the remaining 2.8 billion, 1.8 billion was used to fund Tengnong Breeding.
Another billion is used to improve life.
There is actually not much that can be improved in his life. He has top-notch villas in the four super first-tier cities.
There is more than one, there is also a villa on Baijia Road halfway up the mountain in Hong Kong worth 2 billion.
He also spent 1 billion to build a summer resort in Qingdao.
It also invested more than 50 billion yuan in Kingsoft to build Tengying Future City.
Cars, super yachts, private jets and so on are all available.
Even he himself doesn't know how to improve such a life.
There is nothing missing.
I should go home and ask his wife.
Song Yanxi also looked at him in confusion. She thought for a long time but couldn't think of anything else she hadn't bought.
"Hubby, think about it, my colleagues used to laugh at you for an ordinary LV bag, and now you have money but don't know what to buy."
"Yeah, you have everything you need, and I don't have anything I like anymore. Once material needs are completely met, all that's left is spiritual pursuits."
"Didn't you like all kinds of cars before? Why haven't I seen you driving those flashy sports cars yet?"
"My status has changed and I've gotten older. I'm no longer interested in the things I enjoyed when I was younger."
Chen Pingsheng said: "You yourself don't drive a Ferrari."
“The comfort level is a little bit lacking, and it’s just a little bit fresh at the beginning.”
Song Yanxi's figure recovered quickly, and her confinement period will be almost over in some time.
"You should ask An An what she wants. She went to the village in the city with you to clean small tables for two months. As a father, you should reward her."
"Yeah, I almost forgot about this."
When Chen Pingsheng called Big Brat into the room and seriously asked her how she would spend tens of millions of dollars, Chen Anan was completely stunned.
She scratched her head and thought for a long time, but couldn't think of where else she needed to spend money.
All we can say is that she has fully experienced the pleasure of having free control over money over the years.
Even if you give her more money, she won't buy unnecessary things.
His family is so rich that even the big-breasted kid doesn't like to go shopping.
After thinking for a long time, I couldn't remember what else she needed, so I simply didn't bother to take the money.
It's meaningless.
But the little brat outside was eavesdropping with his little butt tilted.
As soon as he heard that there was money to be taken from home, he immediately came in with his hands behind his back and his head shaking.
"Dad, you can give me the money my sister doesn't spend."
"How much can you spend with your tiny body?"
"I want to buy a big car."
"How old?"
"It's a very big one, at least big enough for two of me."
Erpi Ya stretched out two fingers and gestured exaggeratedly.
Chen Anan took out a thousand yuan and handed it to her, "As for your needs, one thousand can satisfy them."
Is that so?
Chen Anan took her to shop online. It was Erpi Ya’s first time shopping online.
You can buy a big cart on Pinxixi for only 388.
Not to mention two of her, even four would be no problem at all.
Erpi Ya came to ask for money, but was sent away with only 1,000 yuan.
Not to mention the younger one, a bottle of milk will do the trick.
(End of this chapter)
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