Reaching the age of thirty, my income randomly doubled

Chapter 439 - 269: Buy a Big Guy

Your next journey awaits at empire

Chen An’an suddenly felt a tremendous sense of responsibility.

Her dad had given her everything she wanted and let her do whatever she wished, in such an environment.

No wonder her biological mother had come to explain a few things.

Perhaps this was the responsibility that came along with receiving so much.

Chen An’an, with a fierce determination, raised her little fists and shouted "work hard" three times.

Then she promptly collapsed.

After waking up from a nap, she raised her little fists again and shouted "work hard" four times, as if this were akin to making a great effort.

...

Time leisurely passed, and before they knew it, the seven-day National holiday was over.

Song Yanxi took Chen An’an back to Magic City to continue school, while Chen Pingsheng visited the largest Lithium Iron Phosphate battery factory in the country, which he had acquired.

Originally a company that suffered huge losses, it went through a series of adjustments, and the car manufacturing division was spun off and transferred to Tengfei New Energy.

It was still operating at a loss.

The only benefit was that the core strategic direction for future development had been defined.

That is to have breakthroughs in battery technology as the strategic goal.

He personally invested an additional five billion in research and development funds for the enterprise every year, which also increased the R&D team from just over two hundred people.

To more than three thousand.

The cost meant that just the salaries for the R&D personnel amounted to an extra three billion a year.

Achieving a technological breakthrough was not easy; it required long-term persistence, and Chen Pingsheng had plenty of that.

And he had no intention whatsoever of giving up on developing his own technology.

After the battery factory was acquired, it was officially renamed Tengde Era.

In addition to cutting off its own car manufacturing segment, the company also underwent a short-term contraction of production capacity.

In the early stages of new energy development, despite strong national support and subsidies,

The market share was still pitifully small, and nowhere near enough to absorb such high production capacity.

Most of the money was concentrated on the research and development team.

Apart from Tengde Era making good progress, the Tengying Art School had also officially started producing its own short dramas.

Short dramas were still a new track, and no one knew what the outcome would be.

Chen Pingsheng was quite optimistic about it, otherwise, he wouldn’t have allowed Tengying Entertainment to explore this new field.

As for the TikTok team, it was officially named Teng You Media and was independently developing its own internet celebrity business in Guangzhou.

To better cultivate internet celebrities, it was not just deeply integrated with Tengying Entertainment’s trainee competitions,

But also directly tied to the students of Tengying Art School and promoted the internet celebrity track within the school,

Encouraging everyone to create short videos.

Chen Pingsheng hadn’t anticipated that this decision would lead to an explosive impact.

After all, his main reason for doing this was because the path to stardom in the entertainment industry was difficult.

Out of five thousand people, maybe only one in a thousand could become a big star, and even that was a high estimate.

What about the remaining four thousand? He encouraged them to become internet celebrities to make money.

After all, according to the earnings of the top internet celebrities on Xin Teng Live Streaming, their income was not lower than that of the stars in the entertainment industry.

This decision was also considered providing these young people with a decent track well in advance.

TikTok wasn’t even a little popular at the time, but with the resources he was investing so heavily,

It could push the platform a long way forward.

After his trip to Guangzhou, Chen Pingsheng returned to Magic City and received another call from Mr. Ma.

The two had previously collaborated on the fresh produce venture, but this time Mr. Ma personally reached out about investing in Tengying Entertainment.

There was no helping it; Tengying Entertainment was too powerful now.

Claiming it was half of the entertainment industry was no exaggeration; whichever way it leaned, that side’s video streaming site could gain the right of first development.

Another key point was that Xin Teng Live Streaming was also on the rise, with a very strong presence in the live commerce sector.

That was what led Mr. Ma to personally make a call seeking an opportunity to invest.

After some thought, Chen Pingsheng agreed to his request to invest, albeit at a steep price.

Based on a market value of eighty billion, only 10% was sold.

In the end, it was because Alibaba had resources he needed; he wanted to go further in the live commerce sector, and cooperation with Alibaba was almost inevitable.

He was no longer lacking money, so all partnerships could be said to be founded on resource exchange.

With Alibaba stepping in, Tengying Entertainment could firmly root itself in the entertainment industry.

A foundation so deep it was unfathomable to outsiders.

Anyway, other entertainment companies would all exclaim in admiration when they see it.

On October 15th, the two officially signed a cooperation agreement.

Chen Pingsheng also joined the nation’s top Zhejiang Business Group, naturally led by Mr. Ma.

After securing this 8 billion capital injection, he allocated 1 billion to Tengnong Breeding.

With the 1 billion in funds, Tengnong Breeding was able to cover most of Wang County, benefiting a population of 100,000 households.

Chen Pingsheng felt he had done another great deed, and besides that, he also allocated 1 billion to the Dream Fund.

To further expand the investment share.

Of the remaining 6 billion, half was allocated to new energy, increasing the funds for intelligent R&D there.

The other half, Chen Pingsheng used it to improve his lifestyle.

As the group’s business increased, he now had to often fly around in the sky.

Purchasing a private plane was certainly necessary.

Chen Pingsheng, upon a friend’s recommendation, picked out the latest model Boeing BBJMAX7 from the aviation circle.

Its price was a staggering 98 million US Dollars, amounting to about 700 million landed.

It features a very spacious and customizable interior space, capable of carrying over eighteen passengers.

The cruising speed can reach 1,000 kilometers per hour, with a range of up to 13,000 kilometers.

With such a large plane, it would be so much easier to fly back and forth in the sky.

It wouldn’t need three to four years like a super yacht to be delivered; after buying this one, one only had to wait three to six months to transport it back to Magic City.

An essential item for the super-rich.

From then on, when going to Xiangjiang, one could just take it and get there in less than three hours.

Now, spending money is all about convenience.

It seemed as if he had done a trivial thing; once he had chosen the plane model and the interior configuration, Chen Pingsheng shut down the computer.

He hadn’t even told his wife and the spoiled brat that he had spent another 700 million on a super private jet.

What it was like to have so much money that one simply couldn’t spend it all became quite apparent to him now.

In the short term, it would be difficult to find ways to spend money.

The remaining tens of billions could only lie in the banks to earn interest, which was quite something.

After this capital injection, Tengfei New Energy had a total investment of around 50 billion.

This had become his biggest expectation for the future.

The reason to do this was mainly to prepare for the future intense competition.

Chen Pingsheng always believed that once new energy developed to a certain stage,

what everyone would vie for would be technology and development across the whole industry chain.

More crucially, there might even be price wars involved.

The more money he invested now, the more comfortable his future would undoubtedly be.

Clearly, he had his super factory.

He didn’t need to rent from others or state-owned big factories for OEM production, like the current internet car-making companies.

This undeniably saved a great deal on costs, and he was also much ahead in controlling key technologies.

The only downside was the additional investment of over ten billion.

Besides that, he had his battery factory and an intelligent driving research team, as well as a core R&D team for critical technologies such as electric motors and electronic control.

In terms of early investment, he truly achieved a leading position, without any exaggeration.

With his current investment, there was simply no financial backer willing to make such an investment.

The essence of capital is still to achieve great returns from small bets; obviously, the path he was taking now was risky.

He was betting big to win big.

Without taking the cost-saving OEM production route, he was determined to make a substantial investment in the new energy race.

As the family’s money grew, its focus on family security also increased.

Chen Pingsheng raised the annual complete affairs team funding from 30 million to 60 million.

Twice the amount, and the security staff increased from twelve to twenty-eight people.

These people were all to ensure that his family could live in a safe and carefree environment.

It wasn’t too necessary, but he just spent the money anyway.

Chen Pingsheng was very clear about his future planning; he knew that one plan had to be advanced.

The hundred-year family asset planning had already been completed ahead of schedule, and next, he would definitely concentrate on cultivating the future corporate heirs.