The Birth of Shanghai's First Conglomerate

Chen An'an went to the back to sea fish like a pro, and sure enough, because she had hired a professional instructor to teach her, she actually caught two rather large fish.

The big kid was overjoyed, and the little girl clapped her hands and giggled beside him.

There are also top-notch chefs on the yacht, so we can prepare the freshest sea fish for lunch and dinner today.

As for Gao Hu, he, Chang Fu, and Chen Pingsheng were brothers who grew up together since childhood.

In many ways, Tengying Group has already shown leniency.

Otherwise, if he keeps poaching people like this, his Shacheng restaurants will have to close down as soon as they open.

This is no exaggeration at all.

After all, if Tencent could suppress Huayi Brothers, a company with a market value of hundreds of billions, to the point that it couldn't lift its head in a short period of time, it could easily crush a startup catering company.

There's no need for that.

Gao Hu was dismissed, but he probably has no idea how much negative impact his actions could have on a super-large corporation.

He thought he had just been sleeping with a few more women.

……

Chen Pingsheng intended for Chang Fu and Yang Qian to participate in the interns' return-to-farm activity in December.

As for Chu Qiuyan, she was naturally indispensable as well.

In addition, it would be best for Xin Teng to send a group of internet celebrities to his live stream.

The rise of the internet celebrity profession was too sudden and its lifespan was too short.

Many people have become overnight sensations because of the developed internet before they have even adjusted their mindset.

Sudden wealth can lead to behaviors that are disproportionate to one's actual wealth.

Therefore, Xin Teng's live streaming platform has to ban several top internet celebrities every month.

Some people become arrogant and speak recklessly, daring to talk about all sorts of silly, serious topics.

Some are simply too indulgent in their private lives.

It gets hot quickly, but it gets sealed off even faster.

These people still have a strong sense of social interaction.

They simply lack the basic qualities that come with so much wealth.

Chen Pingsheng also hoped to slightly change their mindset through such activities, at least to make them more pragmatic!

Chang Fu himself was a former gang leader, so he was the perfect person to manage a group of people like him.

Starting this year, there has been a noticeable increase in the number of young people using short videos.

Some companies have even started to get involved.

Various influencer economy companies have sprung up like mushrooms after rain, rising at an alarming rate.

Countless young people who want to start their own businesses have set their sights on the short video sector.

It is worth mentioning that Tencent Media has also risen rapidly.

Douyin is making a strong push, and it seems to be taking a two-way split between Douyin in the south and Kuaishou in the north.

As for Weishi, which is supported by Tencent, there are no signs of it emerging yet.

It relies solely on the giant penguin constantly supplying it with traffic.

He has also invested several hundred million yuan in Weishi, so he still has patience.

If things continue like this, there's a more than 90% chance that Tencent's "son" won't be able to thrive.

After the current wave of executive layoffs subsides, he may also carry out a large-scale reform of the entire group headquarters.

In order to calmly cope with the economic turning point that is very likely to occur in the future.

After they sat down and talked for a long time, Chen Pingsheng still decided to have Deer Antler Coffee advertise during Leicester City's Premier League season as well.

To be fair, buying the rising star Mbappe was the right decision.

He has been unstoppable in this year's Premier League season, and has become a superstar in the football world.

After the Premier League season ends, the World Cup, which has attracted global attention, will take place in June 18.

If he can achieve the same results as he does now, Tengfei New Energy, which advertises itself on his behalf, will be even more successful.

They would probably become known to the whole world in an instant.

Deer Antler Coffee has just survived a short-selling attack by Muddy Waters, and its stock price is at its lowest point.

At this time, being able to link advertising with the Premier League season would definitely be very beneficial.

Chen Pingsheng told Yang Qian to go abroad to negotiate herself, and he would just make a phone call to the other side.

Besides Tengyou Media, the fastest-growing companies in the Tengying Group this year are Shuiyunjian, which is expanding in eight second-tier cities, and Deer Antler Coffee, which is beginning to take a global route.

These three companies have seen the most rapid growth this year.

It is estimated that Tengyou Media will be able to officially begin its monetization journey around the summer of 18.

When it becomes monetizable, it will definitely become a super company no less successful than Xinteng Live.

In addition, Yateng Short Drama, established last year, has also made Tengying Group a fortune.

With profits of 3 billion yuan this year alone, the explosive popularity of fast-paced short dramas has shocked countless people in the industry.

They were all cursing, calling him a complete idiot. After cursing, they secretly went off to make short dramas to make easy money.

It has to be said that the barrier to entry in this industry is shockingly low. Anyone who has learned a little photography and then adapts some online novels about a powerful son-in-law can make money.

Last year they were the first to try something new, but this year is different.

All sorts of demons and monsters have suddenly appeared.

Tong Zhelan is working quickly to pull strings to get it listed on the stock exchange; any later and it might be too late.

The main reason is that this industry doesn't even require censorship; you can upload it directly after filming.

Compared to those movies and TV series, it's a completely crazy and unbridled growth.

The number of teams producing short dramas a year is growing at an exponential rate.

If it doesn't go public soon, it might not fetch a good price.

Even Chen Pingsheng himself said that there are not many technical barriers in this industry.

There is no moat to it, and it is far behind companies like Tencent Entertainment.

It's fair to say that Tencent Entertainment can easily name seven or eight top-tier celebrities who are known to everyone.

As for Yateng Short Drama, Chen Pingsheng himself didn't know where it became famous.

This is a super entertainment company with an annual revenue of 3 billion, which even he himself finds incredible.

This shows how big the gap is.

The cultivation of a top-tier artist requires both the accumulation of works and the passage of time.

A dozen or so short dramas can be produced in a single month.

You can't even tell the surnames of the people inside.

If such companies are not pushed to go public and IPO soon, they will be left waiting for the relevant regulations to be issued.

If you do nothing, your valuation will be halved or you may not even be able to go public.

He understands this principle, and Tong Zhelan certainly understands it even better.

Therefore, we must push YATENG to complete the most crucial step while it still enjoys high profits.

It doesn't matter what happens after that, since they've already cashed out.

To be honest, it's quite heartless.

There's nothing we can do about it; that's just how the stock market works, and that's how everyone plays the game.

Based on Tong Zhelan's accumulated capital network over the years, and the numerous listed companies she has invested in, she has a significant advantage.

Taking a short drama company with an annual profit of 3 billion yuan public is not too difficult.

It's simply a matter of using another company's name as a shell.

If you want speed, you can only use a shell.

If the management documents for this thing can be delayed by another year, companies like Yateng Short Drama, which are asset-light, high-profit, low-investment, and high-return businesses, can make everyone a fortune.

As the saying goes, "your position determines your perspective," and once everyone decides to get involved...

They would then try every means to get the industry's management documents to be discussed after they have all cashed out.

After all, if we calculate the valuation based on an annual profit of 300 billion, then Yateng Short Drama should be worth at least 30 billion.

This eliminates certain policy-related document risks and ensures that everyone can enjoy the profit margin.

A figure between 150 billion and 180 billion would be the most suitable.

If this valuation is achieved, those who invested in YATeng Short Drama early on will make a fortune.

Tong Zhelan herself can create another investment miracle.

Of course, big investors and securities dealers aren't stupid.

The industry risks are evident, which explains why Yateng Short Drama can achieve such high profits.

Besides enjoying the full range of resources of Tencent Entertainment, the most important thing is that this emerging industry has not yet come to the attention of upper management.

They don't even have the basic management systems that the industry should have.

All the risks are concentrated in this management system.

This is also the most uncontrollable aspect.

As for Tencent Entertainment's resources, no one is worried about that.

The reason is simple: the biggest boss of Yateng Short Drama is Tengying Entertainment.

The resource support here is unlikely to change.

Everyone's betting that no management documents will be issued within a year, and even if they are, they'll have to examine the specific content.

Those who can reach their level can influence certain industry resources to a certain extent.

At least as of now, there has been no word of any management documents being released.

This means that for at least six months, the relevant authorities will not issue any restrictions or approval documents for the filming of short dramas.

All that's left is to gamble on a six-month term. (End of Chapter)