Reaching the age of thirty, my income randomly doubled Chapter 580

Chapter 580: Chapter 373: Cash Out Big Time

The community elderly activities group is rife with all kinds of financial scams.

Not to mention some Pu'er tea scams.

What does that mean?

Basically, someone tells you to buy a cake of this Pu'er tea leaf. Buy it for five thousand this year, and you can sell it for fifteen thousand next year!

Merchants will buy it back at a high price.

Your income triples or quadruples within a year, would you or wouldn't you take it?

Many people actually know the risks are huge, but the mentality of the leeks is often full of fantasies.

Always thinking they won't be the last one to be stuck holding the bag.

If you say how clever this scam is, people who've been involved in pyramid schemes or speculating in virtual things like Bitcoin can easily grasp it.

It's quite simple, any financial scam.

Inevitably needs to first let a portion of people make a profit, then exploit the herd mentality among the crowd.

One tells ten, ten tell a hundred.

Relatives hurt each other in turn, isn't that just a pyramid scheme routine!

It's just applied to these financial products.

Liu Fen also said that many people in the community are speculating on that cake of tea leaves. Chen Pingsheng was indifferent.

If he were to play this game, he could make it soar in a short time.

Nothing more than setting up a trap, letting a part of people buy first.

Then he'd use one or two billion in funds to buy back at higher prices.

At this time, the first batch of buyers can realize high returns.

With the promotion from the first wave of tap water-like propagandists, combined with a bit of pyramid selling tactics.

By pulling in people, you can enjoy various benefits, or even more exaggeratedly, you can buy a second time only after pulling in people.

Creating a hunger marketing campaign, then invite a wave of experts, scholars, and stars to keep hyping it up.

Keep speculating like this in three waves, let the people from the first three waves all realize high returns.

By the fourth and fifth wave, the effect on the population will explode exponentially.

Everything earned before, all has to be given back in one wave, including the principal.

The downside of doing this is obvious, who knows how many families will go bankrupt because of it.

The upside is achieving financial freedom quickly, making a fortune in one stroke and then fleeing abroad.

Chen Pingsheng just casually explained the underlying logic of financial schemes a few times, also letting the kids in the house have a basic understanding.

Pies definitely don't fall from the sky, what falls is always a trap.

After they grow up, they must all be wary of all kinds of scams.

Er Piya is very confident, carrying Little Fatty on her back she says she's a prodigy, a pure IQ of two hundred and fifty.

Definitely won't be fooled.

As for Big Piya, she's been swindled by quite a few people already, obviously much more vigilant about these things.

Not so much vigilant, more like repulsed.

The architect of these schemes profits, and in the end, it is tens of thousands of ordinary families who pay the bill.

Chen Pingsheng himself would never do such a thing, nor can he control what others would do.

On December 6th, good news came from Xiangjiang.

Under the swift push of Tong Zelan, Yateng Short Drama officially completed its IPO on Xiangjiang stock exchange.

The old acquaintances were still the ones setting up this IPO, among them included Guo Ziyi, the eldest grandson of the Guo family's third generation.

The risks of Yateng Short Drama need not be said, everyone is an old acquaintance, it is necessary to be frank so as not to damage trust among each other when risks do emerge.

Chen Pingsheng also made a concession, setting the IPO valuation of Yateng Short Drama at 13 billion.

At the same time, he would use Tengying Entertainment's resources to support the development of Yateng APP video website to the greatest extent.

It is to be done with all guns blazing.

When Yateng Short Drama was first filmed, the group developed a dedicated Yateng Short Drama video APP.

In terms of scale, it definitely can't compare with Aiyouteng.

But it has already accumulated over ten million loyal users for short dramas.

What needs to be done next is to develop not only the short drama users on this video website but also short video, variety show, movie, and TV drama resources, etc.

That is to say, it aims to turn it into a comprehensive, super-large video website APP.

The purpose of doing so is naturally to resist the risks associated with short dramas and to transform from a single-function platform to a comprehensive video website.

Only in this way can we ensure that Yateng Short Drama's market value can continue to rise for a certain period in the future.

To put it plainly, the goal is to focus on video website as the core and comprehensively develop entertainment website business.

Only then will there be the possibility of a market value exceeding one hundred billion in the future.

Everyone takes their seats; the core development strategy for the next few years will soon be set.

Without Tengying Entertainment, its nurturing mother, continuously providing support, it would be impossible to accomplish such strategic goals.

Because standing behind Aiyouteng are the BAT giants.

The initial losses of these video websites are embarrassingly low if it's less than ten billion a year.

Not to mention that Yateng Video is still just a small fry in front of them.

With Tengying Entertainment supplying resources from behind, everything becomes possible.

Pingsheng still holds 50% of the shares in Yateng Short Drama.

Diluting sixty percent of them equates to 30%.

Based on a valuation of 13 billion, he can cash out 3.9 billion at once.

This is also the only major project in his hands that can go public in the near term.

The commercial projects he invested in early on are down to the last one, Melon Seed Used Cars, that has not yet gone public.

The used car market is rather complex, and without several years of cultivation, it is impossible to reach a certain scale.

If it manages to go public next year, that would be quite impressive, and the costs of Yateng Short Drama have long been recovered.

The 3.9 billion can be used for random augmentation.

It's all down to this throw of the dice for luck!

Chen Pingsheng sneaked into the next office and gave it a shake; the golden dice appeared once more.

After shaking continuously, it finally stopped on five; that's pretty good luck.

One minute, two minutes, until after more than a dozen minutes.

His bank account in Xiangjiang received 19.5 billion.

This is genuinely a huge sum of money. It may look like a lot, but when allocated, it will be dealt with swiftly.

Covering an area of two thousand acres, Tengying Future City's total project investment is as high as 52 billion.

43 billion has already been put in place.

He does not like owing money, nor does he like to push debt into the future.

Because no one knows what the future holds, clearing debts is the safest.

Ninety billion is transferred, and the construction funds for Tengying Future City are completely in place.

That leaves 10.5 billion.

Tengde Era, which is already developing solid-state batteries, spends over ten billion each year just on battery research and development.

He had already allocated the research funds for 2017 earlier, and now there's less than three billion left in the account.

Another fifty billion must be allocated here.

In addition, key technologies such as AI smart driving assistance, electric motors and controls, chassis tuning, etc., all require continuous investment in research and development.

Chen Pingsheng straightforwardly invested the remaining ten billion entirely into the research and development of Tengfei New Energy vehicles.

And this, is just enough to support the R&D funds for Tengfei New Energy vehicles for 4 months in 2018.

The coming year will require at least twenty billion in R&D expenditures.

Getting together the annual three hundred billion R&D funds is what's needed to fill the needs for 2018.

Just like that, a swift movement of two hundred billion in funds are exhausted.

It's hard to say whether this is good or bad.

Chapter end

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