Reaching the age of thirty, my income randomly doubled Chapter 551

Chapter 551: Chapter 348: Winter is Coming

Er Ya felt incredibly aggrieved as she went to kindergarten.

She still had no advantage over her sister–she thought she could outsmart her sister, but her sister just went ahead and punched her.

Where's the justice in that?

Does being small mean you have to take a beating?

Then she remembered, she used to bully her little third brother in the same way.

So, it's all good.

In kindergarten, Er Piya could always find her absolute confidence, especially when the teacher asked questions.

She always felt she was the brightest kid in class, the kind that shone with golden light.

Away from the torment of her older sister, she was set to conquer the little tykes in her class.

While the Cullinan was still on the road, Chen An'an soon arrived at school too.

She turned and entered the kindergarten only after watching Chen Pingsheng leave.

The Magic City headquarters are busiest at eight in the morning, with practically everyone rushing to get to work.

By nine, the crowds thinned out significantly.

The security guard at the gate was still Chen Fan, and he's quite something.

He's guarded all the way from Capital City to Magic City, but his normal wife doesn't work at Tengying anymore.

Instead, she took two million and started her own business, opening a women's clothing store nearby.

“Big brother.”

Chen Fan would forever have the intellect of a child, so his smile was always pure.

It had been a while since he got married, and they hadn't been able to conceive.

The third aunt even took him to the hospital for a check-up and both of them were normal.

There are many reasons for not having children; perhaps his normal wife doesn't want to be pregnant.

Perhaps she fears having a child born with a mental deficiency, something no normal mother could accept.

“You're looking pretty cool standing there, Little Fan.”

Chen Fan just chuckled dumbly and scratched his head, saying nothing.

Chen Pingsheng patted his shoulder and went in, taking the elevator straight to the top floor.

Chang Fu came over with his wife Yang Qian, and now both of them were financially free.

Living life with absolute ease.

“Old Chen, you're really putting your all into being a treasure dad!”

“Well isn't that just normal? You think you can just be a hands-off kind of dad at home, leaving everything to the nannies?”

“Cut it out. Haven't there been several news stories recently? Nannies setting fires, abusing children–it's one thing after another.”

“News, huh? Can't take it as everyday occurrences.”

Chen Pingsheng still chatted with him casually, like they were old friends.

After all, the two had grown up together, a bond you can't just find with those friends you make later in life.

“I came to see you this time, and I bet you can guess why.”

Chang Fu said, “I'm thinking of sending some people abroad, specifically to develop overseas video IPs.”

“Sure, that's a good idea. Just be careful,” advised Chen Pingsheng. “Working on overseas video IPs, especially for some popular countries, certainly has room for growth, but there are things you can say and things you can't. You have to handle these aspects carefully.”

This year Xin Teng Live Streaming has already banned several big streamers.

Some are just too unrestrained, making jokes about anything.

Others are just uneducated; they suddenly make too much money and get carried away with arrogance.

Like spitting in the food when ordering takeout and insulting the delivery person as being an inferior being.

Or going out to eat and straightforwardly demanding the owner comp their meal.

Then there are those who make a big entrance as if they're the big shot who cannot be ignored.

Xin Teng Live Streaming had banned one after another of these sorts.

There was no helping it, the platform is publicly traded after all.

The internet isn't a lawless place; they're under tight scrutiny from above, and they have to strictly manage these uneducated internet celebrities.

Chang Fu was also a regular guest at the online propaganda office, the type that needed to have a 'tea talk' often.

Since the 80s, there has been a trend of going abroad in China.

Nowadays, fewer people are going abroad, and the main group doing so are the wealthy.

There's a lot in this realm that you can discuss, and of course, a lot that you can't.

It was all down to Chang Fu to get a grip on it.

If the internet celebrity teams he sends out can't handle this, Chen Pingsheng would rather not make that money.

Kwai's growth trend this year is clearly not as fast as TikTok.

Chang Fu's initiative to explore overseas videos early on clearly shows a sense of foresight.

Setting aside his own Teng You Media, Chang Fu still strives to maintain Xin Teng Live Streaming's position in the industry.

Yang Qian came this time not for anything else but because Muddy Waters' short-selling had come to an end.

The short-selling giant made a huge fortune from Antler Coffee.

Chen Pingsheng's own share buyback plan had also been completed, and next, he had to consider how to quickly restore the stock price.

This is actually not urgent; good management ensures the stock price won't stay low.

He isn't in a rush to cash out now, Antler Coffee can recover slowly.

Compared to Antler Coffee, Fei Yangyang is now in a real mess.

Affected by the Sha City incident, a giant in the restaurant industry involved itself in social strife.

That's not something a normal listed company should be doing.

Therefore, Gao Hu's stock price is still languishing.

There's no hope for it to recover anytime soon.

Chen Pingsheng is now focused not only on running the Tengying Group and Tengfei New Energy.

But also spends a lot of his attention on investments.

He has made quite a profit from investing in food delivery groups, Tesla, and Pinduoduo.

It's still not time to cash out and talk about these earnings; it's a bit too early.

Before long, Chu Qiuyan also arrived.

Bobo Milk Tea is facing significant competitive pressure this year; the milk tea industry has low barriers to entry and is very popular among young entrepreneurs.

Any new brand that aggressively markets itself can quickly set up dozens or even hundreds of franchise stores.

Very few can manage well, and most end up running away after a short period.

That leaves a big mess behind.

Those deceived franchisees have no way to seek justice, making the entire market a complete mess.

Selling milk tea has become one of the most competitive industries in retail.

Bobo Milk Tea developed early and is already under such pressure, let alone those who followed.

“Chen, why do I feel like all industries have been intensely competitive these past two years?”

“It's not just a feeling, it's the truth.”

Chen Pingsheng made her a cup of black tea; Chu Qiuyan didn't like drinking alcohol or eating late-night snacks.

What she loved most was coming to him for a tea chat.

“Do you think it's only milk tea industry that's competitive? Catering is even more so.”

“Why is that?”

Chu Qiuyan didn't get it, “Isn't the economy still rapidly improving? Everyone should be living well.”

“Where did you hear the economy is improving?”

“Isn't that what everyone says? And that's what the news writes too.”

“You're too naive.”

Chen Pingsheng turned his teacup in his hand and said calmly, “The calm before the storm often precedes a tempest. If you feel it's hard this year, next year will definitely be harder. By 2019, you'll think this year was too good.

“The situation in the future is likely to get more competitive year by year, exceeding your imagination.”

“I still don't understand.” Chu Qiuyan shook her head, indicating her confusion.

There must be reasons for such a situation to occur.

Chen Pingsheng only told her three answers, “Some things you might not have noticed, first look at the current birth ratio of babies.

“Also, look at what the wealthy are doing now, do you know how much capital outflow there was this year?”

Capital outflow refers to the movement of domestic funds to overseas.

Money that should have been invested domestically, mostly ended up going abroad.

Another factor is idle capital.

Idle capital is mainly reflected in the real estate market.

For example, a house worth twenty million sells only when there's a buyer.

If it can't be sold, it's equivalent to idle capital.

Looking at these three aspects, one can truly understand the future economic development.

To put it simply, the wealthy's money is being channeled abroad.

Most middle-class families are caught up in the real estate market with their money becoming sunk capital.

And the ordinary people are still cashing out future money for today.

Combine this with the property bubble of Small Day back then, and some developed countries that heavily promote real estate.

One can easily come to a conclusion that the future will get more challenging by the year.

Everyone has to be prepared for this; a harsh winter is coming.

This is actually a very normal phenomenon.

After all, the country has experienced decades of rapid development.

It's inevitable to stop or slow down.

But nobody can say for sure how long this period will last.

Chapter end

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