Reaching the age of thirty, my income randomly doubled

Chapter 338 - 236: Internet Turbulence

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Attended an EMBA international presidents class in Xiangjiang.

Chen Pingsheng thought it over and agreed, just like the previous one, it wouldn’t start until August.

The group’s businesses were numerous, and he often needed to study.

To avoid being left behind by the times.

After chatting with Tong Zelan for more than an hour.

He went downstairs to drive his top-of-the-line Phantom back to the Magic City headquarters.

On the way, he casually summoned those two familiar Golden Dice.

If he could roll a six-fold increase with seven billion in capital, that would be impressive.

The Golden Dice kept shaking, just like the Ten Li Ocean Field of Magic City.

Dazzled by wealth and splendor.

In the end, he didn’t roll a six-fold increase, but a slightly smaller five-fold.

"Congratulations, Host, for obtaining a five-fold random increase."

One second, two seconds, three seconds went by.

35 billion arrived in Alipay, with the account balance just under 37 billion.

The troubles of the wealthy are something ordinary people can’t even begin to experience.

Just like the warm sun in spring.

Sometimes he’d have the sudden thought, could he create a mini sun at home?

Or simply move his house to outer space for a few days.

One must always be vigilant against the sense of expansion that comes with wealth.

The rapid success of Xin Teng Live Streaming was something he had not anticipated at all.

What he had even less expected was that Tenghui Department Store, which he had worked hard to build in the early stages, would become its strongest support.

No matter what, now that he had the money, the first step was to complete the overall market layout of Tenghui Department Store.

The traditional hypermarket business might not make money as fast as live streaming.

But its stability and long-term prospects were sure, so let it flow gently.

After arriving at the group’s headquarters.

The four young receptionists downstairs crisply called out, "Good afternoon, Chairman."

Chen Pingsheng asked them if they had eaten, and it turned out they all had.

He then asked if they were happy going home for the New Year?

One of the young women in her twenties told him that her parents were doing well, and they even wanted to arrange a blind date for her.

Chen Pingsheng thought it was good, noting that girls nowadays were getting married later and later; he didn’t know whether that was good or bad.

After he went upstairs, those girls kept chirping and discussing excitedly.

It seemed like a proud moment, just to have spoken with him for a few extra sentences.

And it truly was.

The gap between ordinary employees and the chairman spanned a hundred thousand employees.

Last year, he invested 35 billion in Magic City to open eight Tenghui Department Stores; now he was ready to invest another 30 billion to open eight more in Shenzhen.

Just like now, owning all the storefronts, which would fall under Tengchao Commercial Management.

Even though it seemed like he had a lot of money, just consider that Old Li from Xiangjiang earns several billions just from rent each year at just one Oriental Plaza in Capital City.

The gap between top-tier wealthy people is beyond imagination.

If he wanted to be stable, heavy investment in commercial real estate was essential.

This was also to lay the groundwork for Xin Teng Live Streaming.

As Guangdong is the strongest region in foreign trade, expanding Tenghui Department Store there was also to further open up his product channels.

He called Shen Chengjun and instructed him to open another eight stores there.

The capital for this was thirty billion.

Additionally, after digesting last year’s two billion in funding, Tengsheng Fresh Food now had a total of 108 comprehensive fresh food stores in both Beijing and Shanghai.

He was now investing another five billion, aiming to open around two hundred more in Guangdong.

The group’s strategy was very clear, to first use large amounts of capital to seize these ultra-first-tier cities.

Then use the money earned from these cities to replicate the model and open new stores in lower-tier cities.

In less than five years.

Whether it’s department stores or fresh food, he would be able to lead the industry.

He needed another thirty billion to cover eight more Tenghui Department Stores in Guangzhou.

Then he’d have thirty-two stores in the four major ultra-first-tier cities.

At that point, Tenghui Department Store could grow rapidly on its own, without his investment, leveraging the profits it generated each year.

But the time had probably come for Tenghui Department Store to go public; looking at its financial reports, it was undoubtedly a quality enterprise.

He’d wait until the layout in Shenzhen was completed first.

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His wife Song Yanxi called to ask why nine billion suddenly appeared in his account without explanation.

Chen Pingsheng said it was the money earned from selling 30% of Xin Teng Live Streaming’s shares; Song Yanxi was silent for a long while.

It seemed to her that Xin Teng Live Streaming had been established for no more than three months, right?

Earning nine billion from stock conversion in such a short time? That was hard to comprehend.

But she also felt once enough capital was accumulated, as long as one didn’t mess around, making more money wouldn’t be that difficult.

Just not as quickly as him.

The bank account managed by his wife already had over ten billion in it, and Tong Zelan had given her 7.2 billion for a 40% stake in Water Cloud Space in Magic City not so long ago.

Now with another sudden addition of nine billion, his wife didn’t even know how to spend it all at once.

Chen Pingsheng asked her to transfer that money to him as he had a use for it.

When talking seriously, once you have a certain amount of money, it becomes crucial to manage and invest it wisely.

Like his heavy investment in Tenghui Department Store, it’s actually a means of financial management.

Firstly, the hypermarket itself can make money, secondly, its commercial real estate can counter some unpredictable market risks effectively and for the long term.

He especially agreed with a saying from Xiangjiang’s richest man, Li: to successfully manage multiple industries, one must have a few main businesses that can remain profitable even if the sky falls.

Whether it’s the Alibaba group or the Penguin group, the main reason they can dominate the internet is their core businesses: social and e-commerce.

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