The Birth of Shanghai's First Conglomerate

For no apparent reason, Meng Yuanyuan stopped sending messages to Chen Tan.

She completely ignored his request for a meeting, and Chen Tan was very confident.

He threatened Meng Yuanyuan, saying he would not reply to her messages within an hour.

We're breaking up right now, I don't want you anymore.

Then I was dumbfounded.

Meng Yuanyuan actually didn't reply to his messages.

Chen Tan, in a fit of masculinity, sent a message announcing their breakup.

And he immediately posted it on his WeChat Moments.

The outcome was predictable; they really did break up.

Some of it was inexplicable, and some of it was for reasons that were hard to explain.

In Chen Tan's eyes, it was he who rejected Meng Yuanyuan first.

His second aunt panicked and told him to go and apologize to Meng Yuanyuan immediately and explain the situation.

Chen Tan didn't go at all; perhaps in his eyes, he already considered himself a super-rich second-generation heir.

Therefore, he has the confidence to do so.

He even boasted that even if Meng Yuanyuan was gone, there was still Zhang Yuanyuan, and he was sure he could find someone even richer.

Auntie thought it made sense.

She quickly pulled her third aunt along to find Song Yanxi, asking her to introduce her to someone from a wealthy family who was even more beautiful than Meng Yuanyuan.

Erpiya, who had nothing to do at home, immediately went to her room, opened a small drawer, and took out a small red mirror she had bought from a street stall for two yuan.

We must show this to my second aunt and Chen Tan.

If her younger brother, Chen Lu, grows up, he can still look down on someone like Meng Yuanyuan.

What makes Chen Tan so special?
The second aunt reached out and took the small mirror from her. What did that mean?

Why can't she understand it?
Song Yanxi sneered, not saying anything unpleasant, but simply told her to go home first.

I'd rather not ask her to introduce me to someone again.

There are quite a few oddballs in my family. After moving into the penthouse villa, they almost forgot that it wasn't their own home.

She wouldn't help someone who's arrogant and doesn't know their own limitations.

When Chen Pingsheng returned, Song Yanxi mentioned this matter to him.

He also felt it was a bit excessive to make the woman's family pay for the house and provide it for the two of them, no matter what.

Are you treating people as fools?

Once Chen An'an grows up, who will dare to make such a suggestion to him?

He'd definitely chase people away with a single sweep of his broom.

It's almost November, and in just two more months, Tengfei New Energy's six-month testing period will be over.

He should make some preparations, mainly because he hasn't even raised enough money for 2019 yet.

Based on the current market share of new energy vehicles, it is simply not enough to support this investment of over 100 billion yuan.

Just can't help it.

Whether it's research and development or tackling the challenges of solid-state batteries, it's difficult to achieve results without investing tens of billions of dollars.

He has to hold on for at least another three years.

The annual losses for these three years are expected to be between 300 and 400 billion.

That's how it is with new energy vehicle manufacturing. Unless you adopt a light-asset approach and outsource everything, and directly use foreign technology, you'll be stuck with the rest.

Otherwise, the initial investment would have to be over 100 billion.

Without this money, it would be impossible to beat those overseas automotive giants.

It's worth noting that Toyota's annual profit is nearly 200 billion.

Chen Pingsheng asked Song Yanxi, "How much cash do you have left in your savings?"

"Less than two billion."

"Be specific."

“I invested the 1.2 billion yuan, and the rest I used to invest in Apple and Nvidia,” Song Yanxi explained.

His wife is really rich; no wonder he can have such a leisurely life now.

Chen Pingsheng asked her to give him 1 billion yuan first, saying he would use all his money to build the Tengying Management Academy.

This is equivalent to a group-based social university, which is of great significance.

Song Yanxi said, "I'll transfer it to you tomorrow. Can you please take it easy with your new energy vehicle manufacturing business? It's losing tens of billions every year, and it's making me anxious!"

Chen Pingsheng didn't take it seriously. "What's there to panic about? The results aren't out yet. You'll be shocked when they are."

Fine... Song Yanxi was too lazy to say anything more.

Although her family has many listed companies, only one, Tencent Entertainment, truly stands out.

Its market value is still around 1500 billion.

Apart from that, the other projects are nothing in the eyes of the big shots.

She herself also very much hopes that Chen Pingsheng can build a truly world-renowned large enterprise.

To build a company like this, it would be impossible without an investment of hundreds of billions or even trillions.

According to Chen Pingsheng's plan, Tengfei New Energy Vehicles and Tengde Times' batteries will be launched separately in the future.

These two projects either don't go public, or if they do, their market value will start at around 200 billion.

Otherwise, how could he justify all those years of investment? His wife doesn't need to spend much money, so what's the point of keeping so much cash on hand?

Song Yanxi manages the entire group's dividends. Even if she only keeps 200 million yuan in her hands, she will still receive a steady stream of dividends every month.

They have no shortage of money.

She doesn't invest in domestic A-shares.

What's happening in the A-share market isn't investment; speculation would be a more accurate description.

Making money in the A-share market is extremely difficult!

Several large overseas technology companies have been acquiring it over the past three or four years.

Apple started buying in 2014, when its market value was $500 billion.

It has been bought into companies whose market capitalization has now surpassed one trillion US dollars this year.

She owns a very small percentage of shares, and has invested a total of more than 4 billion yuan.

If calculated by market capitalization, she has already made around three billion on this stock.

That's quite good for a large investment.

However, she didn't dare to add more shares to the stock, mainly because its market value was too high.

The two largest companies in Taiwan, Alibaba and Tencent, now have a market value of over 600 billion US dollars.

Investing in Apple is a safe and sound strategy.

She invested alongside Warren Buffett, the stock market guru. Since Buffett was optimistic about this stock, she invested a small amount as well.

Unexpectedly, it continued to grow steadily afterward.

As for investing in Nvidia, it's because the domestic chip technology industry has been booming in recent years.

After much deliberation and consulting with Chen Pingsheng, she finally bought into Nvidia at the end of 2015 when its market value plummeted.

At the time, they also received a one-time investment of US$200 million, holding a 0.5% stake.

When I bought in at the bottom, Nvidia's stock price was $400 billion; now it's $1750 billion.

In just three years, it has increased nearly fourfold.

Song Yanxi herself admired her own eye for buying at rock-bottom prices. She had originally planned to use the 1 billion yuan to buy Nvidia shares again.

Her husband took the money, so she had no choice but to let it go.

To be honest, she even wanted to cash out all her Apple shares and buy Nvidia instead.

After all, Nvidia's stock price is going to rise much faster.

At her level, she understands all too well the importance of not putting all your investments in one basket.

After thinking about it, I decided to give up and just wait for the price of apples to rise slowly.

Chen Pingsheng didn't know what his wife was thinking, and even if he had told her, he probably wouldn't have agreed to invest all the money in one stock.

He still bought several himself.

Bringing in a billion won't solve any major problems, but fortunately, a grand "Water Cloud Pavilion Night" event can be held in Beijing at the end of the year.

In addition, it can also be launched in Hong Kong and Guangdong.

The Shui Yun Jian hotel in Hong Kong, Guangdong, has been open for over three years and has already cultivated a large number of loyal ladies.

If the three locations are launched separately, it is estimated that six billion yuan can be raised through random increases before New Year's Day.

With the principal and the existing billion, raising 10 billion shouldn't be a problem.

With 10 billion yuan, we can meet Tengfei New Energy's R&D funding needs for the first quarter.

By 19, the most important project was to push Tencent Media to go public.

Once this step is completed, Tengfei New Energy will be able to raise all of its remaining R&D funds for the next three quarters.

By 2020, he should be able to cash out using his shares in Meituan, Pinduoduo, Tesla, and other companies.

Raise the funds needed for the take-off of new energy.

If we look at it this way, no matter how big the storms are in the next few years, his Tengying Group will not face any risks.

The main advantage is that the funds are very safe.

To date, his Tengchao Commercial Management has a total of 60 billion yuan in net investment in commercial real estate.

It looks like a lot, but it's actually not as much as Li Ka-shing's Oriental Plaza in Beijing.

Of course, Li Ka-shing invested earlier while he invested later, so this cannot be compared.

As for Kingsoft headquarters, if you include the management academy, there is the Tengying Apartment community with 15,000 units.

In addition to the massive Tengying high-end residential community, there are also the eighteen newly built headquarters buildings.

A total investment of 620 billion yuan was made.

Unbeknownst to many, he had amassed a net worth of 1200 billion yuan solely through investments in commercial real estate.

If we take into account the increase in housing prices over the years, the value exceeds 1800 billion yuan.

This is undoubtedly an extremely exaggerated number.

This also means that his family has officially become one of the top wealthy families.

Although his foundation is still a bit weak, he clearly has plenty of time.

We can spend another ten or even twenty years perfecting our family heritage.

Once Tengfei New Energy achieves complete success, his family will undoubtedly reach a new level.

They are far beyond what the average wealthy person can compare to.

(End of this chapter)