The Birth of Shanghai's First Conglomerate

Being a second-generation rich kid is not just about having money in your family.

The education I received from childhood, and the knowledge I gained through the influence of my elders.

These are things that ordinary people simply cannot compare to.

Aside from the frequent appearances in TV dramas of wealthy heiresses falling for college students from rural areas or company colleagues.

In reality, children from wealthy families are usually married to people of similar social standing.

In other words, future marriages will basically be decided by the parents.

The story of a wealthy young master falling in love with a Cinderella.

Or he might fall in love with a divorced, child-rearing, and menopausal middle-aged woman.

Aside from those brain-dead screenwriters, this definitely won't happen in reality.

Meng Yuanyuan was quite good; she was very obedient from a young age, and after graduating from university, her mother introduced her to Chen Tan.

The word "love" is inherently ethereal. Apart from those who are obsessed with love, wealthy people only care about finding someone suitable and pleasing to the eye.

She's relatively lucky; the other one is a different story.

Zhou Ziyi's boyfriend is her aunt's son, and it was also through Song Yanxi who introduced them.

This girl is quite good-looking, with a certain aloofness about her.

She was essentially forced into this situation by her family.

Zhou Ziyi's family was not as well-off as Meng Yuanyuan's, and her family did not have much property.

There are only two large supermarkets.

She had a boyfriend during her university years and even brought him home with her.

Without saying a word, Zhou's parents chased the man away.

According to Zhou Ziyi, her boyfriend is a great guy; he's not only good at basketball, but he also performs exceptionally well in the student council.

She didn't know why her parents had such a strong opinion about her boyfriend.

Zhou's mother only did a small calculation with her, even if the boyfriend she found was outstanding.

However, he is neither a native of Shanghai nor does he have any connections in Shanghai.

People like this will find it extremely difficult to succeed in society, let alone find a decent job.

Even if he finds a good job, and is indeed very capable.

The annual salary is 100,000 in the first year, 150,000 in the second year, and 200,000 to 300,000 thereafter.

This is already pretty good!
Realistically speaking, a working-class person who can earn an annual salary of 300,000 yuan is indeed very impressive.

Even if he's even more capable, let's say he earns an annual salary of 500,000.

After graduation, you'll be 23; after working for 30 years, you'll be 53.

If he earns an average annual salary of 40, then over thirty years that would amount to 1200 million.

12 million seems like a lot, but you should know that houses in the center of Shanghai start at 100,000 per square meter.

This is equivalent to him working for thirty years without eating or drinking his entire life.

That would only buy you a small apartment of about 100 square meters, not even including mortgage interest.

After clearly calculating the costs with her, Zhou's mother asked Zhou Ziyi, "Do you still think he's amazing?"
Zhou Ziyi was dumbfounded; all she saw was her boyfriend's confident demeanor on the basketball court.

But her parents used just a computer to make her face reality.

Perhaps her boyfriend will start his own business in the future, or maybe he will become a big boss or something.

But the probability of this is so low as to be negligible.

Let's put it this way: if you can own a house in Shanghai, that's already the starting point for those so-called "phoenix men" from other places.

This is a chasm, and an insurmountable obstacle.

Zhou Ziyi was successfully persuaded by her parents, and then they introduced her to her aunt's son.

According to Zhou's parents, even if her boyfriend also came from a rural background, it wouldn't matter.

But with his direct relatives in the Tencent Group, things are completely different.

Having strong abilities doesn't guarantee you'll get rich.

Being incompetent doesn't mean you'll be mediocre your whole life.

It all depends on who's willing to lend you a hand.

It's obvious that the elders' perspective on issues is far beyond what these college girls, who have just entered the workforce, can compare to.

Listening to your parents might not guarantee you great wealth and success in the future.

The lower limit certainly won't be too low either.

Conversely, if you choose for yourself, it's a completely different story.

Chen Pingsheng did not offer much comment on the choices these women made.

Just like Chen Tan, he will definitely get the Meng family's help after finding Meng Yuanyuan.

And correspondingly, he would lend a helping hand to the Meng family at some crucial moment.

As for Zhou Ziyi, her aunt's son has found her, and it's highly likely that he'll open a supermarket in the future.

Similarly, his cousin also received support from the Zhou family.

The Zhou family also receives his help when they are in a difficult period or when they want to rise in status.

This is the benefit of marriage alliances.

Chen Pingsheng asked the kitchen to serve the dishes and also asked them to share their entrepreneurial experiences over the past two years.

Interestingly, those who actually make money tend to be the least talkative.

Those that don't make much money, on the other hand, exaggerate their achievements.

His sister-in-law, Song Wu, has indeed changed; she has become more low-key and less assertive.

These thirty-odd people come from all walks of life.

There are also those who sell sexy lingerie online, attempting to become the king of sexy lingerie in China.

If it weren't for the fact that there are some things he can't do, he would probably most like to be an AV boss.

The top modeling group in the entire country.

Selling sexy lingerie might not sound like a great business, but this cousin of the Liu family is doing quite well in it.

He took only two million from the family fund and immediately devoted himself to his own erotic kingdom.

They also recruited two brothers who once aspired to be AV bosses to open their own erotic lingerie store on Taobao.

My annual income isn't particularly high, but it's still around 500,000 to 600,000.

He is also one of the few people who have never lost money since receiving his first sum of money.

We also plan to sell this on Pinduoduo, a cross-platform platform.

He doesn't have overly high goals, and he's quite pragmatic.

Earning a million a year would be amazing; I don't even dare to dream of more right now.

As for the other person with whom he had the best relationship, the two were like a dragon and a phoenix.

One sells underwear, the other sells inflatable dolls and handmade ones.

Both men's and women's styles are available for personal use.

Chen Pingsheng pinched his nose. If he let these two continue chatting, this family gathering would simply turn into a lovey-dovey event.

It can only be said that people of similar backgrounds tend to group together, and those who are close to these two are more likely to be friends.

Those are all unconventional paths, taking shortcuts.

As for those who were close to Song Wu and the others, such as Song Shuiqing, etc.

All of it is concentrated in the influencer economy within the short video field.

If you're famous for a year, you can easily make millions; if you're not famous, making a few hundred thousand a year is also easy.

After this gathering, most of Song Wu's cousins ​​and other female relatives wanted to follow her lead and work in the short video industry.

Those two "sexual enthusiasts" also had this idea and planned to open an account specifically to explain twenty-one unconventional ways to play with sexy lingerie.

I guess everyone has their own opinion.

Chen Pingsheng felt that holding such gatherings regularly had many benefits.

He simply set a rule that everyone should gather here once every ten days from now on.

You don't have to come if you have something to do; it's not mandatory.

He certainly wouldn't come that frequently on his own.

Let them chat here for a while.

His private club was quite clean, with nothing messy or disorderly.

The massages and such were all legitimate, unlike the "Belt Guy," who even had an extravagant dance troupe at the top of his company.

It was specifically used to receive important figures.

Such song and dance troupes are nothing new in wealthy families.

A famous entertainment tycoon in Hong Kong organized such a reception group at his hotel. And the girls responsible for receiving them were not ordinary girls.

They are mostly minor celebrities and models from Hong Kong.

It's not just the reception groups; some people also really like to invest in nursing homes.

These so-called nursing homes are often oversized.

Ordinary people can forget about living there; those who can are mostly retired old men living in detached houses.

The services and facilities inside are absolutely top-notch for nursing homes.

Chen Pingsheng had never done such a thing because he felt it was an improper means.

If a group needs to resort to such methods to maintain its operations, one can only imagine the extent of its internal corruption and fraud.

Absolutely beyond imagination.

Although his private club didn't have any of those messy things.

However, it still has restaurants, entertainment rooms, gyms, KTV, heated swimming pools, cinemas, and more.

Chen Pingsheng didn't stay there for long; he left after lunch.

His wife stayed behind, mainly to discuss Song Shuiqing's blind date.

It's clear that Michelle Song takes this matter very seriously.

When he returned to the company, Meng Yuanyuan's father was already waiting outside.

It must have been his daughter who called him beforehand.

Meng Yuanyuan's father is also a man with a story. He made his fortune in the hotel industry in the 1990s, which is no small feat.

Back then, if you tried to operate a purely legitimate hotel, you'd be doomed without even knowing why.

The most profitable business in a hotel is never room bookings.

Instead, they order from sexy young women.

This is what is commonly known as a sauna, with prices ranging from 398 to 2980.

The time is still one hour, but the waitresses are different.

Chen Pingsheng knew all about these things, ever since he experienced the crackdown on prostitution in Dongguan.

The entire domestic hotel industry has suffered a significant downturn.

Meng Yuanyuan was the only daughter in her family, so you can imagine how much her father valued her.

Over the years, I've never let her know about the shady businesses within the hotel.

Things are different now; hotels have lost some of these blatant gray-market activities.

Profits have been getting worse year by year.

It was also during that period that Mencius' father began to pursue diversification.

I made a lot of money in the stock market in 14, kept increasing my holdings in 15, and went on a crazy spree in 16.

The situation took a sharp turn for the worse in 17. Money earned in the stock market by luck was lost completely by those who relied on technical skills.

Of course, he was a boss who made his fortune in the 1990s.

The foundation is still there.

While not quite reaching the high-end business circles of Shanghai, they're still considered quite good within the general social circles.

Meng's father came here just for a brief chat, and also to ask about the future of the hotel industry.

Chen Pingsheng thought for a moment, and realized that many of his classmates in the CEO training program also worked in five-star hotels.

This industry might have been okay in the past; you could get both a legitimate status and a profitable business.

That's definitely not possible now.

Even Wanda Group has sold off all of its five-star hotels in a package deal.

It's easy to imagine that once this industry leaves the gray market, even survival becomes a major problem.

Chen Pingsheng's advice was simple: sell his four-star hotel as soon as possible.

With this money, you can either invest in the influencer economy or invest in shares of new energy vehicles in the stock market.

Both of these are trends, and that's about all the advice he can offer.

It all depends on how Meng's father chooses to stay and how much he clings to that hotel.

The progress of the times is already evident.

Chen Pingsheng himself wanted to cash out at a high price, let alone Meng's father.

Meng's father hesitated for a long time.

Anyone who can run a successful four-star hotel in Shanghai will find it easy to succeed in the influencer economy.

Many of those internet celebrity girls come from hotels.

Previously, prices were clearly marked, but now, after being listed in the live stream, prices have increased more than tenfold.

Selling this in a hotel is called prostitution, but selling it in a live stream is called free love.

Meng's father was just getting old and didn't pay any attention to this aspect.

If he knew these things, he would have directly invested tens of millions to establish a live streaming guild.

If we recruit dozens or even hundreds more young women, we can earn enough to buy another hotel in two years.

From a profit perspective alone, industrial relocation is his clearest option.

How he manages it is up to him; Chen Pingsheng won't interfere much.

After all, he's not really interested in a small investment of a few hundred million right now.

The subordinates can approve and sign it themselves.

After Meng's father left, Chen Pingsheng convened the second quarter summary meeting of Tengying Group.

The milk tea industry is highly competitive, and second-quarter revenue fell short of expectations, causing Bobo Milk Tea's stock price to fluctuate slightly.

The total market value has fallen to 160 billion.

Chu Qiuyan suggested that while selling milk tea and ice cream, a snack counter should also be added to the store.

In other words, by adding projects, revenue can be increased slightly.

Chen Pingsheng approved the proposal immediately.

Since he already has a snack bar, adding a snack section to the Bobo Milk Tea shop is a very simple matter.

It doesn't require much effort at all.

As for Fei Yang Yang Catering Management Group, it actually suffered a slight loss in the second quarter.

This is the first time that Tengying Group has reported a loss since it became a listed company.

The specific reason can be attributed to Gao Hu's departure, which also took a large number of original senior executives, including store managers.

The store's technology experienced significant fluctuations in a short period, resulting in a severe loss of a large number of customers.

This is also the main reason for the losses in the second quarter.

Regardless, when the financial report changes from profit to loss, the stock price is bound to fall.

The only good thing about Boiling Sheep is that it has already fallen as low as it can go.

It's almost fallen below the original offering price.

The catering industry is already fiercely competitive, and with such a major upheaval, it's impossible for Boiling Sheep to avoid losses.

The sole focus of our work in the third quarter is maintaining stability.

When Chen Pingsheng first invested in the catering industry, he thought it was a good business opportunity.

Two years later, he came to believe that the industry was too traditional.

It's far beyond what the current influencer economy, including some sunrise industries, can compare to.

When it comes to starting a business, the right choice is more important than hard work.

This financial report clearly shows just how difficult it is to run a traditional restaurant business these days.

From being one of the group's star projects in its early days, Boiling Sheep has now become a long-term bottom performer.

Also no one.

He's not the only one in the catering industry struggling; many are in the same boat.

Those who are truly thriving are mostly individual online celebrity shops.

Aside from Bobo Milk Tea and Boiling Sheep.

Xin Teng's live-streaming sales efforts this year have yielded pretty good results globally.

In addition, Douyin has also begun to explore Douyin Mall, and its full transformation into the e-commerce market in the future is already a foregone conclusion.

The situation for Tencent Film Group remained very positive throughout the second quarter.

In particular, the test data of Tengfei New Energy have exceeded expectations.

In another four months, we will be able to officially enter the mass production stage.

(End of this chapter)