Reaching the age of thirty, my income randomly doubled

Chapter 202: Chapter 167: Tengying Completes Valuation

March was quite busy.

Not only did I need to focus on expanding Bobo Milk Tea, but I also had to oversee the grand opening of Tenghui Department Store.

The Water Cloud Space annual conference, which was supposed to be held earlier, ended up being postponed to March 20th.

My wife, Song Yanxi, invested the spare two hundred million she had to purchase the facades of three large Water Cloud Space clubhouses.

And with that, the funds were more or less spent.

My main capital this year was directed towards investing in Tenghui Department Store.

Whereas my wife's focus was on acquiring the clubhouses of Water Cloud Space.

If you do the math,

Our family's investment in commercial real estate has almost reached two billion.

It's still quite far from the ten billion threshold I've set to enter the realm of the ultra-rich.

Only after our family assets surpass this threshold will I consider making larger, riskier investments.

As for this year,

Fei Yangyang and Bobo Milk Tea are vigorously expanding into national markets.

After the opening of twenty-five Water Cloud Space locations and saturating the Capital City market, the first batch of Water Cloud Space Academy interns will graduate and move to expand into the Magic City market.

As for Tengsheng, it has already spun off two brands based on its original model.

These are the community Tengsheng Fruit Stores and the comprehensive Tengsheng Fresh Food Stores.

Currently, they are steadily expanding in markets outside of Capital City.

Beyond these, Tengying Entertainment, having secured Yang Mi's involvement, has achieved a valuation of five billion.

Led by Tong Zelan's Honglan Capital in the investment.

The first batch of shares sold, a mere 10%, fetched five hundred million in capital.

The commercial collaborations across various fields between the two have been quite successful so far.

At this juncture, Tengying has also begun its process towards going public.

There's no rush; after the release of 'Charlotte's Annoyance' from last year's investments, as long as it rakes in over a billion at the box office,

The financial statements for Tengying's IPO will have no issues, guaranteeing stable yearly profits of over five hundred million.

The goal of taking Tengying public is mainly to extend further industry influence.

You see, this year, the leading entertainment company Huayi Brothers has a market cap of over sixty billion.

If I were to rely solely on profits to earn that kind of money, even with Golden Finger it would take at least a hundred years.

It's far better to push Tengying to go public now and directly reap an enormous return.

"Here, sign this as well!"

Just as my cooperation with Tong Zelan has been pleasant, my partnership with Yang Mi has also been quite good.

From the very beginning with Water Cloud Space and now with Bobo Milk Tea.

This woman has proven to be versatile in marketing and across various departments.

The contract I offered her is the same as Zhao Liying's.

Yang Mi, after glancing over it, decisively signed her name in regular script.

Without Tong Zelan's investment, Tengying would be nothing more than a shell.

But with her investment, it's completely different; Tengying is genuinely worth five billion now.

At this point, my willingness to give her a 5% equity option is undeniably generous.

Though this stock can only be realized in 2025,

It's uncertain whether Tengying will still exist or have disappeared by then, but it's still something to be happy about.

It's the greatest recognition of her personal value.

Chen Pingsheng said, "Good, now that you've signed this contract, we're truly a family. Tengying is projected to go public in '16, and its valuation will be at least ten billion. If it becomes the industry leader in ten years, you, Yang Mi, will certainly walk out in glory."

"Ten billion? I think you're dreaming!"

Yang Mi greatly appreciates his management skills in traditional businesses,

but Tengying? It's really just a top-tier idle company in the industry.

And he talks about it becoming the industry leader?

Do you think she believes a single word of it?

It's a lonely existence being a master.

No, that's not right.

I should say it's Golden Finger Grandpa who's lonely.

As long as Golden Finger doesn't change, Tengying will always be a company that never operates at a loss.

What's so strange about becoming number one?

Chen Pingsheng couldn't be bothered to argue with her about this aspect; instead, he expressed his gratitude, "These days, I really appreciate you taking the initiative to promote Tenghui Department Store."

Aside from Zhao Liying's ribbon-cutting on the opening day of Tenghui Department Store, Yang Mi actually went shopping there herself for several days afterward and arranged for plenty of media exposure.

This allowed Tenghui Department Store to gain substantial traffic from the very beginning.

That was indeed very thoughtful of her.

Before 'Hua Qiangu' aired, Zhao Liying's popularity was no match for hers.

"Don't just thank me verbally; when are you investing in a blockbuster movie for me?"

Yang Mi, already unmatched in the drama industry, is now set on becoming a celebrated leading actress in big-screen productions.

Her work in the film industry these past few years has been quite profitable,

though the reviews have been average at best.

What use is critical acclaim to investors? Making money is the ultimate success.

"Arranging a film isn't a problem, and neither is your investment, as long as the project is right; I'll easily put in a hundred million."

Of course, the 'right project' means a profitable one.

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If it makes money, there's no reason for me not to invest.

And if it doesn't, there's no point in even considering it.

I won't be the one to look for projects; that's for Yang Mi to do.

Filmmaking is even more treacherous than TV dramas; I've worked with quite a few film crews by now.

The only profitable one so far has been 'Charlotte's Annoyance.'

There hasn't been another money-maker, and it remains to be seen whether Yang Mi can find a few profitable projects for me.

Following Tengying's valuation reaching five billion, the most bewildered person was my secretary, Bai Xin.

She is well aware of how idle it is to work here.