The Birth of Shanghai's First Conglomerate

Chen An'an first learned about stock trading with her maternal grandmother, Liu Fen.

At that time, Vanke was embroiled in a major battle, and many people in Beijing were speculating in stocks.

Those were years when the market was booming; even a cleaning lady could easily make money after entering the industry.

That didn't work out after that; all the money they made by luck was lost in their attempts to research and develop technology.

Chen An'an rubbed her hands together; she was about to use her two hundred million yuan of pocket money to test her skills.

Winning is best, but if you lose, you can spank your little sister's bottom; it's something she should be able to endure at her age anyway.

Even when faced with dazzling stock market data, she could understand it at a young age. Having grown up in this environment, she understood the general tricks of the stock market.

Three things you shouldn't buy in the stock market.

The top-ranked stocks are junk stocks. What does that mean?

Never buy into companies that have obtained a listing through financial fraud or underhanded means.

Chen An'an also remembered that her grandmother had bought two similar stocks.

After a company goes public through special means, the founder tries every means to inflate the stock price.

Then they kept cashing out.

At this point, all shareholders have to foot the bill. The most amazing one is a guru from a listed company who, after being investigated, actually issued an announcement.

Don't you guys have any self-awareness about how my garbage company was able to cash out over 5 billion?
Look at that tone, so arrogant!
This guy is really something else; he just laid it all out on the spot, since he'd already taken the money and run away abroad anyway.

The rest is all the shareholders footing the bill. They originally just wanted to speculate on stocks, but in the end, they ended up losing the company owner.

Liu Fen was so angry that she cursed loudly, but in the end she was helpless.

They lost seven or eight hundred thousand yuan.

There are also some industries that you shouldn't buy into, as the government doesn't support them and may even crack down on them; nine out of ten times you'll lose money if you do.

Stocks of companies experiencing internal strife should also be avoided.

Even if you don't buy these, you still need to choose the remaining items carefully.

Chen Pingsheng also gave the little kid a brief lesson; the stock market is a complex place, so it's good for her to get involved early.

He has over four billion yuan left and plans to acquire ByteDance, but he doesn't know if he can get the shares.

If I can't buy one, I might as well buy a Tesla.

Anyway, you can't put the money in the bank, because it will only keep depreciating. Besides, his wife can take out billions at any time.

His family doesn't need to save much money; they have a steady stream of funds flowing in every month, which they can't possibly spend.

Just focus on how to make money generate more money.

Time flies, and before we knew it, it was the end of March. The Tengyou Night was held in Guangdong as scheduled.

This is no ordinary gathering of online celebrities; it's the premier event in the online celebrity world.

Zhang Jingjing, who has moved to the Guangdong headquarters, attended the event in a glamorous red dress.

She wasn't qualified to attend such a grand event before, but after her head-shaking and outfit-changing went viral in the past month, she quickly gained over eight million followers.

Having become one of the most popular Douyin influencers during this period, she naturally has the qualifications to participate.

Besides her, Huang Meiyou was also very popular.

Both were young girls, and each had her own unique beauty.

As it is an annual event, its grandeur is no less than that of a celebrity gathering.

The host on stage also encouraged online celebrities to take photos.

After most of the major internet celebrities from Tengyou Media had arrived, the host took the stage.

Zhang Jingjing and Huang Meiyou sat next to each other in the second row, whispering among themselves about whether Lao Chen would come.

If it weren't for him, they definitely wouldn't have become famous so quickly.

After waiting a while, news came from the main venue that not only all the major internet celebrities would be coming this time.

Even the big boss is coming.

This is quite surprising, considering that Chen Pingsheng has never attended a single large-scale meeting held by either Xinteng Live or Tengyou Media over the years.

It was quite a surprise that they came this time.

"The big boss is here too! Where is he? I don't see him!"

Huang Meiyou even stood on tiptoe to look, but she didn't see the big boss, though she did see the familiar Old Chen.

Huang Meiyou was pleasantly surprised and quickly stood up to wave to him.

She pulled Zhang Jingjing along, preparing to go over and greet Lao Chen, when unexpectedly, Sun Liancheng, the president of Tengyou Media, was standing right next to him.

He seemed quite cautious, which was clearly not normal.

Old Chen is just a newcomer, is he worth the boss treating him like this?
For these internet celebrities from Tengyou Media, the big boss has always been too mysterious and has not appeared for several years.

Sun Liancheng is their boss.

Not only Chen Pingsheng came this time, but almost all the important leaders of Tengying Group also came.

Zhang Jingjing and Huang Meiyou only began to realize what was happening when they saw Old Chen taking the stage surrounded by important figures in the first row.

It turns out that he was the one who had been investing in Tengyou Media behind the scenes and was the controlling shareholder.

This is such a surprise! They were actually personally promoted by the big boss. It's such a wonderful surprise!

After taking the stage, Chen Pingsheng did not say much.

He simply said some encouraging words, and then went to the back with the founder from Douyin to discuss investment.

When TikTok was first created, its valuation was $7 billion, but now, even though it is not yet profitable, its valuation has risen to $60 billion.

This means that in less than three years, the valuation has increased tenfold.

Not to mention that he missed out in the very early stages, Shen Nanpeng and Tong Zhelan also collectively missed out.

He now owns Tengyou Media on the Douyin platform, so a strategic partnership between the two is still very necessary.

The maximum share that Douyin Group can give up is 1%.

It's about 600 million US dollars, which is about 45 billion yuan.

Chen Pingsheng did not hesitate for long and immediately arranged for his legal department to sign a formal investment agreement.

From then on, he owned 1% of the group's shares.

Don't underestimate 1%; it still puts you in the top ten shareholders.

A group like this has raised funds countless times since its inception.

The shares have already been diluted to almost nothing.

He was able to buy that 1% because he owns too many internet celebrities, which can be described as half of the industry.

Douyin Group will definitely raise more funds in the future, and it can just buy in little by little during that process.

I don't need a lot, but I need to buy at least 3%.

It has a similar market share to Pinduoduo and Meituan.

After the cooperation was reached, Chen Pingsheng still took a group photo with him.

After the night of Tengyou ended, he went to have a drink with Sun Liancheng.

It is expected that Tencent Media will officially begin its IPO in about six months, or at most by the end of this year.

Chen Pingsheng estimates its initial valuation to be no less than 30 billion yuan, and Tencent Media's market value will only increase over the next three years.

It is highly likely to rise to the level of hundreds of billions, and he personally owns as much as 80% of Tengyou shares.

It is a company with absolute control.

The remaining 20% ​​mostly ended up in Changfu's area.

Once Tengyou Media cashes out, he shouldn't have to worry about money for the next five years.

This is truly a day to look forward to.

(End of this chapter)