Reaching the age of thirty, my income randomly doubled Chapter 383

Chapter 383: Chapter 271 Family Gathering

Chang Fu's family's little one was already two months old.

Yang Qian had rested for almost half a year and was now ready to return to work.

Chen Pingsheng still appointed her as the president of Antler Coffee.

Antler Coffee would officially land on Nasdaq in August, and he still held 20% of the shares, which he could not cash out again until 2017.

He planned to invest all that money into Tengfei New Energy's smart driving and battery technology research and development.

This was all the future.

The bigger his business grew, the more he felt that his main goals were threefold.

Finding money, finding people, finding direction.

“Old Chen, not to criticize you, but you're investing too much in new energy vehicles. If this fails, I wonder how you'll wrap it up!”

Chang Fu couldn't help but remind him.

Chen Pingsheng laughed and said, “You don't think I'd be embarrassed if the new energy vehicles were to fail? If push comes to shove, I'd lose a few hundred billion at most, but it seems like that wouldn't affect my quality of life, right?”

“If you put it that way, what can I, your brother, say?”

In the host's tea room of the French-style villa in Magic City, the environment was very elegant, and it could seat about a dozen people comfortably to chat and enjoy tea.

“It's not just you who has advised me; even Gao Hu has told me many times.”

After drinking a cup of Dahongpao from Wuyi Mountain, Chen Pingsheng said:

“There are some things that you really can't grasp directly. For instance, after I invested several hundred billion in new energy vehicles, not only did I meet the number one in Magic City, but from time to time, they'd also ask about the company's progress and whether the development was going smoothly. Do you know what this implies?”

Magic City, what a place that is, one of the world's top ten first-tier cities.

It's also directly managed by the higher authorities.

You should know that there are only four municipalities directly under the central government in the country: Capital City, Magic City, Tianjin, and Mountain City.

Just from this, you can see the difference.

Chang Fu exclaimed in surprise, “You even get to have tea with that person?”

“I definitely couldn't before, but now I can.”

Chen Pingsheng said, “You know why I must engage in new energy now, right? It's a key industrial project supported by the state, even intended to transition from real estate.”

“If you paid a bit more attention to the domestic economy, you would understand the significance of this. If I didn't actually invest a few hundred billion, do you think I'd have the credentials to sit at that person's tea table?”

“Frankly speaking, the industries in my hands, whether it's Tengying Entertainment or your Xin Teng Live Streaming, are merely viewed by the tycoons as generating a bit more tax revenue, whereas the local authorities could earn more by selling just a plot of land than what our tax revenue amounts to.”

“From this perspective, you can see the significance of why I persist in engaging in new energy.”

Chang Fu sighed, “I wondered why you, a normally cautious person, would suddenly invest over two hundred billion in new energy, a field you are not particularly skilled in. It turns out you are seeking some political leverage through new energy.”

“It's not exactly political leverage.”

Pausing for a moment, Chen Pingsheng continued, “Tengfei New Energy can indeed ensure your worry-free development. If you say I'm not skilled at manufacturing cars, that's also true. After all, every entrepreneur who has ventured into the new energy field has both money and talent, and I am just the most ordinary among them.”

“As before, I'm not skilled myself, but I can hire skilled people to do the work. If others can do well with a hundred billion, surely I can manage with three hundred billion, right?”

“I'm not afraid to tell you that, apart from the over two hundred billion already invested, I plan to throw at least another three hundred billion into it over the next three years.”

Not only was Chang Fu stunned, but Yang Qian and his wife, Song Yanxi, were also dumbfounded.

Pouring another three hundred billion into it, was he really staking his entire fortune?

Although Tengying had been heavily investing in various fields over the years,

their investments were primarily concentrated in traditional industries, even in the biggest investment, Tenghui Department Store.

It was all focused on the most stable commercial real estate.

Frankly, the development goal of the group had always been stability.

He absolutely wouldn't take big risks in fields he wasn't skilled at.

Was it now time to change direction and start taking risks?

“I'm telling you, honey, if you go through with this, I won't stand for it!”

Song Yanxi hummed in disapproval.

She also owned half the money in the house; stopping her husband from taking big risks was also her duty as a wife.

In her opinion, Tengfei investing over twenty billion was the limit.

Even if more money was needed later, it should be financed through the capital market.

Tong Zelan had made billions with their family by then, so now it was their turn to share the burden.

Actually, her way of thinking wasn't wrong, after all, everyone did it this way.

Use the money from the capital market to share the risks together.

Chen Pingsheng laughed at her, “You really do become more cowardly the richer you get. I won't touch the group's properties, don't you realize that when you are wealthy enough, it's not about who has tens or hundreds of billions more, but about who has better background and political resources?”

“Who would dare to disrespect you now when you go out to those rich wives' gatherings?”

This was indeed true.

Song Yanxi tilted her head and thought; she really did feel different than before.

In the past, everyone knew her family was wealthy, but there wasn't much respect or awe.

Now, after her husband took hundreds of billions into new energy, his status was indeed different.

“Isn't my point just to use other people's money to share the risks?”

“In three years I don't want to listen to the capital market telling me how to build cars, I'll do it my way. If this succeeds, won't you say Tengfei could be valued at at least several hundred billion?”

Prospective profits and risks were definitely proportional.

Chen Pingsheng just wanted to gamble this once to see if he could truly succeed with a new energy technology company.

“Dad, you need to work hard and strive; I have to support you with no regrets,” said Chen An'an, who was sitting beside wearing toad sunglasses, as if invigorated.

Dad was at the forefront changing the world.

She was in the background cheering him on, since there was not much else she could do.

However, the greater Dad's achievements, the more glory she would bask in — she still understood this simple fact.

Chen Pingsheng was just letting them know the important upcoming direction for him.

The group's resources would now be heavily tilted towards new energy.

He even planned to invest all three years' profits of the group into new energy vehicle production.

Even if it didn't succeed, he was still a billionaire, so what was there to fear?

If it succeeded, then it would be as if he had a Golden Body.

Not only would he become one of the richest people at the top level in the country, but he would also become a pivotal figure in driving the national industrial transformation.

This was worth his utter effort no matter how you looked at it.

You could only say his plans were still sounding solid.

Investing ten billion in Tenghui Department Store was for the family's century-long survival; investing fifty billion in Tengfei New Energy was to ensure the family's continuously rising status.

The purposes were different, and so were the meanings.

It was just a different choice after having money.

Chapter end

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