Reaching the age of thirty, my income randomly doubled - Chapter 889: 670: The Scene After the New Year_2

Chapter 889: Chapter 670: The Scene After the New Year_2

“An’an, where are we heading next?”

“Let’s go check out Wanda Plaza. Ever since my dad bought the country’s largest integrated commercial real estate, I haven’t really had the chance to walk around there.”

Wanda Real Estate was acquired by her family for over 70 billion, securing absolute controlling shares.

It’s very likely that her younger sister will inherit it in the future. Wanda Real Estate generates annual rental income of around hundreds of billions.

It seems like a significant amount, but it’s just equivalent to a single year’s rent of the Central International Financial Center in Xiangjiang.

That building holds the title for the most expensive rental rates in the world.

Her dad’s assets are essentially standardized; firstly, he would arrange for them to inherit some rental-commercial properties.

Their annual rental income, even at its lowest, guarantees tens of billions in revenue, and afterward, he might set them up with business conglomerates.

This part would depend on their own capabilities to manage.

Undoubtedly, Wanda is meant to be inherited by her younger sister, Er Ya.

As for Little Third, Chen Lu, her father hopes he can inherit the family’s tech industry.

But inheriting the tech industry would require a significant amount of skill.

Chen An’an’s first visit here was quite casual; she didn’t inform anyone, merely brought her classmates along with seven or eight bodyguards for a stroll.

This isn’t really a high-end mall; it would be considered average and unremarkable in Magic City.

A place catering to middle-upper class spending.

For truly upscale malls, even a random hair clip could cost you tens of thousands.

In Sichuan, there are several properties belonging to her family, including influencer live-streaming bases, dining hubs, and bulk retail warehouses.

You name it, they’ve got it.

After wandering around for a while, Chen An’an familiarized herself with the place; it was already February 5th.

She had been out for about ten days now and planned to return to Magic City in another week.

During the remaining time, there weren’t any special plans—just some sightseeing around Sichuan.

Checking out the local scenic spots.

…

Magic City, Jinshan Super Villa.

The eldest sister wasn’t home, so the second sister was playing queen, and Er Piya was living a carefree life beyond imagination.

Little Third, Chen Lu, sneaks out every day; nobody’s clueless about him going to meet Su Xiaoxi.

The youngest brother seems pitiful, with hardly any friends since childhood—only Su Xiaoxi keeps him company.

It could also be said that he just enjoys playing with this girl.

Er Piya, sporting oversized aviator sunglasses, was on the balcony fishing with three rods cast into the lake. Whenever the bell on a rod rang, she pulled that one in.

In a few more days, the giant corporation would resume work, and she’d need to start her role as one of its three top executives.

Life couldn’t get more comfortable for her.

When her aunt arrives, Chen Qi invites her to go out, but Er Piya refuses. “What’s fun about going out with Aunt? If I go somewhere, I’d rather fly solo—it’s more liberating to just take off on my own.”

Er Piya called for the family’s chauffeur and bodyguards to drive her around for shopping.

By the fifth day of Chinese New Year, Magic City returned to its usual bustling vibe, with many workers moving back after the holiday.

These ordinary workers are the foundation of the city. Without them, how would social class disparity even exist?

Local families lose their sense of superiority without them.

Time flies leisurely, and January came to a close.

February 1st marked the return to regular workdays across the entire Tengying Group.

On the first business day of 2023, Chen Pingsheng prepared quite a few New Year gifts for everyone.

Each employee received a festive envelope of RMB 888 and a Wanda Plaza consumption voucher worth RMB 2,000.

Considering the scale of employees at his headquarters, it was a matter of casually spending two to three billion.

Throughout the previous year, the group restructured and consolidated several traditional loss-making companies. Within just half a month into the new year…

He had astonishingly made several hundreds of billions of US Dollars—when one’s in the groove for making money, even drinking plain water brings fortune.

NVIDIA’s stock price soared to USD 900 billion, skyrocketing to new heights, nearing the trillion-dollar milestone.

He still retains 4% of NVIDIA shares. Despite annual donations of hundreds of billions to Magic City for twenty consecutive years, it appears he’s handling it with ease.

It’s not just NVIDIA; Google also achieved a staggering valuation of USD 1.6 trillion.

He owns 1% of Google’s shares, equating to roughly USD 160 billion in RMB.

Money truly seems like the more you spend, the more it grows.

Tong Zelan initiated a video call with him to discuss a major investment project—the plan centers around overseas city-building.

Last year, he contributed USD 30 billion to an overseas investment fund; together, everyone pooled USD 180 billion.

Now, they’re about to use the funds to construct an overseas mega-city, encompassing commercial residences, office buildings, hospitals, shopping centers, schools, and all necessary facilities.

With such a large funding base, the best strategy isn’t diversification—it’s concentration.

Strike decisively with a heavy blow, and an emerging city will rise.

The reason for investing in this type of project mainly lies in pursuing stable long-term returns.

The overseas cities they pick all share a crucial trait: economy-driven upward momentum.

Over the next 10, 20, or even 30 years, the trends will point upward.

That’s absolutely critical.

Overseas investments are mainly overseen by Tong Zelan and Shen Nanpeng. Chen Pingsheng merely maintains a general understanding and doesn’t provide significant input.

This is especially because he rarely travels abroad himself.

The domestic economic situation in recent years has been far from optimistic. Even the short video industry, which experienced a frantic boom for seven to eight years, seems to have hit a plateau in terms of traffic.

Nowadays, for normal individuals wanting to start businesses in this field, it’s almost impossible to rise without capital backing.

Even Teng You Media needs to keep expanding into new fields to sustain corporate growth.

It’s even harder for smaller influencer companies.

Currently, cultivating a successful influencer still relies heavily on luck, alongside massive investments from companies.

Ever since Teng You gained majority control over Tengying Entertainment, its speed in fostering influencers has been unmatched.

This became one of its core advantages.

Moreover, transitioning influencers into celebrities gives Tengying unmatched competitiveness in this realm as well.

It further strengthens their core edge.

As for Tengfei New Energy, although their overseas expansion is complete, sales haven’t seen a major uptick yet.

Their dominance lies in outcompeting weaker rivals like BBA vehicles, Toyota, Honda, and even Tesla.

Apart from domestic consumer sentiment advantages, they definitely lag far behind.

These aren’t even competitors on the same level.

The achievements of century-old car companies aren’t to be underestimated; most domestic BBA cars and Toyota/Honda models are joint ventures.

Tesla, being the world’s leading pure electric vehicle company, reported net profits of USD 14.9 billion in 2023.

Converted to RMB, it’s roughly RMB 1,100 billion.

Even the strongest domestic private enterprise, Huawei, reported RMB 870 billion in net profits for 2023—still behind Tesla by over RMB 200 billion.

Its position as the global leader isn’t an exaggeration.

In domestic markets, consumer loyalty and emotional preferences lead most people to favor local brands first.

This sentiment provides the best survival soil for domestic automobile and electronics industries. But once removed from this environment, true competition begins.

Chen Pingsheng has refrained from excessively marketing Tengfei New Energy for this very reason.

After all, no matter how much domestic boasting occurs, once abroad, they get beaten down by Tesla and BBA.

It’s undeniably embarrassing.

Tengfei New Energy is only in the early stages of establishing itself overseas; in terms of branding and influence, they’re far behind century-old car companies.

It will take a long time to truly stand firm. Naturally, achieving this also hinges on breaking through critical solid-state battery technologies.

They’d need to develop batteries capable of charging in half an hour and lasting for 1,500 kilometers, with a price capped at fifty thousand dollars.

Only at that point would they possess a competitive edge.

Compared to phones, cars clearly require more careful decision-making.

This necessitates a long period of brand-building and customer trust cultivation.

Especially considering overseas gasoline prices aren’t particularly high, he plans to use another five years to solidify Tengfei’s position as a top-five global vehicle producer.

Currently, this goal seems somewhat out of reach—the challenge ahead is immense.

The future of new energy vehicles hinges on a “winner-take-all” scenario.

Ultimately, only four to five companies globally will survive.

Failing to crack the top five likely means elimination.

Similar to smartphones, aside from Xiaomi, Huawei, OPPO, Vivo, Samsung, and Apple, almost nobody purchases other brands.

Globally, as far as high-end brands go, Samsung and Apple dominate consumer trust.

The competition in new energy markets will be even fiercer—a prime example of winner-takes-all dynamics.

Vehicle manufacturers aren’t capable of sustaining long-term losses for survival.

In 2022, Tengfei New Energy merely reached break-even.

They were just one step away from profitability.

The hardest part still lies in thriving in overseas markets, and not merely surviving—but thriving well.

This presents an enormous challenge.

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