Reaching the age of thirty, my income randomly doubled-Chapter 552 - 349: Having Money but Nowhere to Spend It

The winter is coming.

It’s not just a saying, but from an economic perspective.

From what Chen Pingsheng knows now, in just a few years, at least three trillion US dollars have flowed overseas.

Economic development relies on investment, and when so much capital flows overseas, the outcome is predictable.

Moreover, the real estate is still slightly crazy among the middle class.

Only they still believe that real estate prices will always rise, now a well-known real estate company has even introduced a 30% discount on home purchases.

Though there are various rules and restrictions, it is indeed a genuine price reduction promotion.

You see, real estate companies cannot simply lower their prices.

It could easily provoke a large number of buyers to defend their rights, and there’s a document supervising over it.

The order is not a joke.

As the founder and CEO of Bobo Milk Tea, Chu Qiuyan could clearly feel the dramatic changes in the market over the past two years, not to mention other ordinary entrepreneurs.

The slogan of mass entrepreneurship and innovation seems to be just a few years ago.

Back then, motivational gurus were extremely popular, and people flocked to register for their courses.

But now, these success gurus have nearly become second only to domestic experts.

Very few still believe in them.

This signifies both a general increase in public awareness and a drastic change in the market environment.

"Chen, how should we respond to future circumstances?"

"Don’t worry too much."

Chen Pingsheng said, "Whatever happens, maintaining sufficient cash flow to withstand the winter season is a necessary long-term plan. Additionally, improve internal mechanisms to focus on internal development. For the next few years, you shouldn’t distribute dividends or make large foreign investments."

For a listed company, not distributing dividends for a few years is quite normal, there’s nothing to explain publicly.

Buy an umbrella on a sunny day, prepare enough cash flow.

No matter how big the difficulty, one can always get through it.

Not only Bobo Milk Tea, but all his listed companies under him need to follow the same strategy.

The direction for the next few years is to reduce investments and increase the cash flow of businesses.

Tengying Entertainment had proposed investing in building a film city, but such a huge investment has now been dismissed by him.

Tengying Group is both a whole and composed of countless large entities.

The strategic direction now is to overall retract capital, and individual listed companies must stock up sufficient funds.

To prepare for the coming winter season.

Large investments will only appear on his end, others should start to shrink.

Chu Qiuyan expressed understanding, as Chen’s foresight in this aspect had almost never been wrong.

He could always step into the right trend ahead of others and gain success at a fast pace.

Even he felt the future economy didn’t look promising and it was time for companies to start conserving funds.

The situation must be very severe.

He even reminded everyone early on, those who took cash to speculate in real estate should quickly exit.

Better to keep money in the bank rather than in real estate.

Chu Qiuyan, along with Chang Fu and Gao Hu, had all invested some of their personal fortunes in real estate speculation.

There’s no need to cling to it anymore.

As for Chen Pingsheng himself, he had invested six hundred billion in commercial real estate.

Accumulating over the years, the premiums reached more than eight hundred billion.

These fixed commercial assets are what he uses to secure family inheritance, and the companies holding these are overseas.

A slight rise or fall does not matter much.

What’s most important is the tens of billions in fixed annual rent.

Noble families inevitably invest in some stable assets.

In the following days, he was constantly holding meetings at the headquarters.

The core message was one, winter is approaching.

Apart from Tengfei New Energy and those projects not yet listed.

All businesses must tighten financial management and prepare a financial fund that can last without worries for three years.

Let alone other businesses, even Tengying Entertainment with a market value of 160 billion needs to significantly reduce unnecessary investments.

Chen Pingsheng himself holds 40% of Tengying Entertainment shares, and he also hurried to cash out 10% before winter arrives.

This money is for him to fill the financial gap in Future City and the high-end ecological community.

He still needs a hundred billion to be in place there, seizing the still decent market conditions to complete the cash out.

This is very normal.

Such a large cash out if done through the stock market could even crash the stock price by half.

Better to seek buyers from the capital market at eighty percent of the price.

Some people wanted to buy, but they also secretly sought some extra conditions.

For example, they fancied a few female stars, all of which were flatly rejected by Chen Pingsheng.

In the end, it was Baidu who stepped in.

He had no choice but to make a move, with Alibaba owning Youku and Penguin having Tencent Video, he had iQIYI.

Both Alibaba and Penguin owned shares in Tengying Entertainment, only he didn’t.

So naturally, his resources in film and television were lacking significantly.

Even though he knew the shares of Tengying Entertainment were overpriced, it was essential for the development of his streaming platform.

He had to spend that money.

Baidu used to be very prominent in the past, but obviously fell behind these years.

He caught every trendy wave way too early and ended up dealing with them hastily.

The specific reason for not developing was still the ailment of big corporations.

Chen Pingsheng also continuously cautioned himself against his company falling into the same problem.

After getting 12.8 billion from him, aside from supplementing the funding gap for headquarters construction.

The remaining 2.8 billion took 1.8 billion to Tengnong Breeding.

The other one billion was once again used to improve life.

His life actually didn’t have much to improve, as he already owned top villas in all four super first-tier cities.

Not just one set, but he even had a villa in Baijia Dao, Xiangjiang worth two billion.

He also spent a billion building a summer resort in Qingdao.

And invested over fifty billion in Tengying Future City in Golden Mountain.

Cars, super yachts, private planes, you name it; he had everything.

Even he didn’t know how he could improve such a lifestyle anymore.

He lacked nothing at all.

Maybe he should go home and ask his wife.

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Song Yanxi looked at him puzzled, unable to think of anything she hadn’t bought. Experience more tales on novelbuddy

"Honey, remember when my colleague used to make fun of you over a regular LV bag, and now we have money but don’t even know what to buy."

"Yeah, you lack nothing and I don’t have any particular thing I like any more, after resolving all tangible needs there’s nothing but pursuits of the spirit left."

"Weren’t you fond of all sorts of cars before? I don’t see you driving those flamboyant sports cars anymore."

"My status is different now and I’m getting older, the things I liked when I was young don’t interest me anymore."

Chen Pingsheng said: "You yourself don’t drive Ferraris anymore either."

"The comfort is a bit lacking, it only felt fresh at the beginning."

Song Yanxi’s body recovered quickly, and her confinement was almost over.

"Why don’t you ask An’an what she wants, she’s been wiping tables with you in the urban village for two months, you as a dad should reward her a bit."

"That’s true, haha, I almost forgot about that."

Chen Pingsheng called the spoiled brat to the room and seriously asked her what she would do with tens of millions if given to her, Chen An’an was completely dumbfounded.

She scratched her head and thought hard but couldn’t figure out where she needed to spend money.

She had fully experienced the thrill of freely spending money these past years.

Even if you give her more money now, she wouldn’t buy those unnecessary items.

Their family was so wealthy that even the spoiled brat didn’t enjoy shopping anymore.

She thought hard and couldn’t remember and simply didn’t want the money.

It’s all pointless.

Meanwhile, Er Piya was sneakily eavesdropping outside.

Hearing that there was money to take, she immediately swaggered in, puffing up her chest.

"Dad, if sister doesn’t spend all the money you can give it to me."

"How much can you spend, being so little?"

"I want to buy a big car."

"How big?"

"Really big, big enough to fit at least two of me."

Er Piya stretched out two fingers and exaggerated the gesture.

Chen An’an handed her a thousand, "For your small needs, a thousand is enough."

Really?

Chen An’an took her online shopping; it was Er Piya’s first time online shopping.

388 yuan was enough to buy a big car on Pinduoduo.

Forget fitting two like her, it could fit four without any problem.

Er Piya came asking for money, and a thousand was enough to send her away.

The smallest one was even easier to please, just a bottle of milk would do.