Reaching the age of thirty, my income randomly doubled-Chapter 510 - 309 Among the Changes

It wasn’t just the domestic situation that could change abruptly.

Internationally, especially in neighboring regions, the shift of the colossal Huaxia could lead to a series of unpredictable major changes.

Shen Nanpeng said that the rich were migrating to Singapore not only because it was a tax haven but also due to various other factors.

Chen Pingsheng hadn’t gone into much detail, mainly because he did not want to immigrate.

He only transferred his most important assets to Xiangjiang and closely followed the national development strategies to secure his future investment path.

This year, something quite interesting happened—the four giants of the internet, Alibaba, Delivery Group, Qiangdong, and Big Penguin, all heavily invested in the vegetable selling business.

This infuriated the general public.

These domestic internet companies ultimately turned their knives toward the small merchants and vendors.

Each one crazily dumping money, attempting to strip ordinary people of their abilities to survive in this market.

Many even approached Chen Pingsheng, hoping he would invest as well.

Chen Pingsheng undoubtedly refused, setting aside how much money the business could make.

It was all about the multi-billion US Dollar giants, rushing to steal the business of vendors who woke early and worked until dark.

That was simply not decent.

Outsiders might not understand how vendors made their money, but how could Chen Pingsheng, a street durian seller and secondary fruit vendor, be oblivious?

He would have to get up at one or two in the morning, and his family would pick and choose goods, busy arranging and clearing them until three or four o’clock.

Then they would open for business, selling vegetables, mostly earning a modest mark-up from elderly customers.

The hardship involved was not something ordinary people could endure.

Moreover, if they had to sell fish, you’d understand just how freezing the water was during the early hours of a harsh winter.

Tong Zelan also mentioned something—the internet’s reputation domestically had drastically declined.

This was mainly because, after so many years, many people were reflecting on internet development.

You talk about its impact on the economy—if an online store with sales over a hundred million comes along, numerous physical clothing stores end up collapsing.

Moreover, internet stores didn’t have to pay taxes.

In the era of mobile internet, the entire physical industry rapidly lost its vitality.

That was just one aspect.

Another was the fiercely competitive internet taxi services in previous years.

Initially, it benefited most drivers, with various subsidies doubling their wages.

As time went on, when one company dominated, everyone was shocked to find that instead of increasing income, it had reduced salaries by over 30%.

This sparked a reevaluation of the internet development model among the people.

The crux was that, in the end, internet companies started venturing into finance.

That is to say, offering loans.

It wasn’t enough for young people to live paycheck to paycheck; they were also encouraged to spend money they would earn in the next six months or even a year in advance.

Now, they were also disrupting the vendors’ livelihoods.

Considering all these factors, the domestic internet industry was very likely to face an official intervention document.

An official intervention document meant definite administrative interference.

It was unclear where it would precisely strike, but one thing was certain, there would definitely be restrictions.

This would also be a turning point for the entire internet industry.

Such information was particularly crucial for angel investors. The domestic market was not one that followed a Western market economy.

It was more of a policy-guided economy.

That is, wherever policy went, the market would develop in that direction.

Even a hint of such information could significantly change the investment direction of Tong Zelan and the others.

At the very least, they would greatly reduce investments in the internet sector.

Chen Pingsheng was okay, as he had not invested much in internet companies.

The only ones he had invested in, Pinduoduo and Delivery Group, were not initially as angel investors or during the A/B rounds.

He only joined when they were growing very well.

As for Melon Seed Used Cars, it also seemed fine with certain conditions for going public.

Apart from new energy which closely followed national directions, other investments still trod the old path of traffic + traditional industry IPOs.

He had also reached the pinnacle of the industry on this path.

That was how he was able to often drink tea with Tong Zelan and Shen Nanpeng, sharing their experiences.

Chen Pingsheng’s future path was clear, based on Tengying Entertainment and Teng You Media, as well as Xin Teng Live Streaming’s traffic foundation.

Quickly covering traditional industries in food, drinks, amusement, and entertainment.

Of course, his most crucial task was to establish a complete investment system.

The investors in the Dream Fund were senior executives he had drawn from various public projects.

They already had a wealth of experience in traditional industry management.

Having them manage investments was certainly better than him looking for projects everywhere on his own.

Moreover, he couldn’t possibly go and mentor all entrepreneurial projects.

The key to future investment would rely on refining this system, and he had even begun considering establishing Tengying Business School.

Unlike Mr. Ma’s Lakeside University, his would be aimed at mid-level management talent across society.

Lakeside University was impressive indeed, gathering countless top business resources from all over society.

Not being from the top families, one couldn’t even gain entry.

Only those who were exceptionally successful from the first generation had the privilege to enter, let alone criticize their teachings!

If you gather all these people together, wouldn’t it be apt to classify it as forming cliques?

When these people unite to jeopardize the livelihood of ordinary people, who could withstand it?

Therefore, starting such a university is definitely an ambition that is beyond imagination.

Otherwise, who would dare to play such a game?

Tong Zelan’s grandfather had evaluated this university, his brows furrowing slightly whenever he spoke about it, remaining silent.

It was clear that some problems had already begun to surface, it was just a matter of when they would explode.

Shen Nanpeng also said that the smartest thing Chen Pingsheng did was to throw his substantial capital into the new energy market.

In addition, he had genuinely established a Tengnong Breeding.

Grasping both charity and technology, this enabled him to break through barriers and be regarded differently by top leaders in the mainstream.

Otherwise, given his situation, he would eventually have had to emigrate.

Of course, the risks of doing so were tremendously high.

Knowing that Tengfei New Energy had already invested over seventy billion, he wouldn’t think of getting money from the capital markets anymore.

Although the capital market believes in the power of huge investments, even that has its limits.

Not a single car had been produced yet, and he had already poured in eighty to ninety billion; who could endure that?

No matter how good the relationships were, they would not invest anymore.

The main reason is still that the market share of new energy is too low, only around 3%.

This by no means could support an enterprise with an investment of over a hundred billion, and it’s unknown how many years it would continue to incur losses.

It is worth mentioning that the technology field is the least restricted, which many people may not know.

If you keep developing the technology industry, domestic policies will only assist, never restrict you.

Because the technology industry is a global competition.

The pressure of competition is unimaginably high, and its competitors are outside rather than within.

This is also a main reason why Huawei has reached this stage, and moreover, online negative reviews about it are very rare.

To put it plainly, the state will control this sector intentionally and will not allow malicious attacks by any determined individuals.

This is also a main reason why Sir Ren holds such a stable position at the pinnacle of the business world.

It’s worth mentioning that in the 1990s, Liu Lenovo had this status.

As time passed, the citizens gradually understood.

This wasn’t a technology company at all, but merely an assembly plant, a middleman put together.

All the core technologies were foreign, and on selling one computer,

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ninety percent of the profits had to go to foreign chip and component developers.

The citizens realizing this was also a main reason for Liu Lenovo’s ascent to the altar.

Actually, just by observing the trends in online public opinion, one could know the nation’s key development directions.

Clearly, it is now heavily supporting genuine technology companies that integrate production, education, and research.

And Tengfei is taking this path.

The cost is high investments and a huge cash burn, with risks that are completely uncontrollable.

The benefit is having government support; once stable on this path, it can secure a place globally.

The pros and cons depend on how one measures them.

Chen Pingsheng continued to stay there until four in the afternoon before heading home.

Afterward, some others arrived, primarily top figures in the Magic City business world.

People at their level each had their own information sources.

No one deliberately concealed information, and they would share what they had.

Unless it involved competition.

Overall, this year’s investment market was nowhere near as good as a few years ago.

The only rapidly emerging TikTok had also been missed by Tong Zelan and Shen Nanpeng.

Even Chen Pingsheng was the same; he had also been there when Zhang Yimin first came to Magic City seeking financing.

Later, it was without a doubt because he did not understand it perfectly that he missed it.

Of course, at that time, he also couldn’t produce much capital to invest in a new internet company valued at over seventy billion US dollars.

In the investment industry, even a venture capital god like Shen Nanpeng could miss out.

Not to mention others, this was perfectly normal.

By the time he got home, Liu Fen had been taking care of the little fart kid, and the rest of her time was spent trading stocks and scouting for money-making opportunities everywhere.

She had made a little money in her first year of stock trading, but these last two years had been like the major market; whatever she bought lost money.

The domestic stock market was just unreliable, with very few companies that could consistently rise.

Being able to maintain long-term stability meant it was truly premium stock; over ninety percent were still pits draining investors’ money.

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The number of trash stocks was overwhelming.

She also had relatives who had run off to Vietnam for real estate speculation, and she herself was getting restless.

But it was Song Yanxi who advised her not to bother.