Reaching the age of thirty, my income randomly doubled-Chapter 861 - 653: Listing and Expectations

Chen Pingsheng decided to invest another 72 billion to increase his holdings in NVIDIA during its trough, a move even his wife wasn’t too supportive of.

It was actually quite normal, considering NVIDIA had been plummeting without respite over the past year.

Anyone looking at it would think it still had more room to fall.

While everyone else was dumping, he took out over 70 billion to buy more.

This was undoubtedly a very bold gamble.

His gamble wasn’t on a small betting table — it was on a world-class industrial project.

Losing 70 billion on NVIDIA last year was nothing to him, as long as it could bounce back.

In May of this year, he took his private jet to Singapore.

The 1.4 billion project he invested in Xiangjiang alongside Tong Zelan and Shen Nanpeng has already been completed.

The returns align perfectly with expectations — the net profit isn’t particularly high, but it’s steady.

As long as there’s no war, the project will yield at least five to six billion in net profit annually.

His personal share of that is roughly seven to eight billion.

This kind of investment is indispensable for him — just in case something happens domestically, these projects would serve as the foundation for a comeback.

Beyond that, the 380 billion investment in the second phase of Tengying High-end Community is also set to be completed before the end of the year.

From start to finish, it took only a year and a half, fully showcasing the speed of China’s infrastructure development prowess.

Of course, he still needs to invest another 10 billion into the project to cover the remaining funding gap.

To him, 10 billion is nothing — he could easily liquidate a portion of his shares to cover it.

His 3.5% stake in Douyin Group recently hit a valuation of 200 billion US Dollars.

This proves that his investment was a big win.

Douyin Group’s growth exceeded expectations and has now become the largest unicorn among unlisted companies in China.

Many people want to buy shares from him.

He sold 0.5% to liquidate 1 billion US Dollars, and still has tens of billions worth of shares left.

Douyin Group is now preparing for its IPO, though its valuation is so high that pulling off such a significant IPO won’t be easy.

It’ll take years of preparation, and selling a bit now means he’s letting some small profits go out.

After all, everyone knows Douyin’s profitability — to put it simply, no matter how much you lose, Douyin can make it all back for you in a single day.

Creators posting videos need to use DUO+, spending 100 for 10,000 views.

Countless live-streaming rooms also use DUO+ to attract traffic to their broadcasts.

Not to mention corporate advertisements or countless small shops selling products.

Its daily profits are truly beyond imagination, fully justifying its current valuation of 200 billion US Dollars.

After Chen Pingsheng invested this money into the second phase of Tengying Community, the project’s required funds were fully covered.

Once all the buildings are completed, he can formally start selling to employees.

At that time, he’ll recover his 380 billion investment.

After the second phase houses are delivered, he can achieve a 40% employee housing rate for Golden Mountain headquarters.

Yes… even after putting in over 40,000 units across phases one and two, it only results in a 40% occupancy rate.

He’ll definitely have to invest in phase three to construct several thousand more units.

Once this side starts generating returns, he’ll use the income to invest further.

By late June, the group’s most important event was the official launch of Longteng S900, which had been years in the making.

Around the same time, Tengde Era was also preparing for its own IPO, with a projected valuation of 300 billion RMB.

As the largest lithium iron phosphate battery manufacturer in the country, and one of the most advanced solid-state battery producers globally, this valuation isn’t too outlandish.

Once Longteng S900 becomes a success, Tengde Era can naturally ride on its coattails.

Unknowingly, the pandemic has lasted over two and a half years already.

From 2019 till now.

The shifts in economic trends during this time have been nothing short of earth-shattering.

The real estate industry has completely fallen into dusk — those who bought homes are lamenting, while those who didn’t have resigned themselves to helplessness.

Right now, the only ones still interested in buying concrete and rebar are those under the pressure of marriage and genuine need.

It’s become a buyers-less market despite prices.

As for tourism and hospitality industries, those still surviving are only hanging on by a thread.

The same goes for the food and beverage sector.

The pandemic’s two-plus years have driven Tengying Group’s traditional divisions into accumulated losses of over 40 billion.

Of that, Fei Yangyang alone incurred losses exceeding 20 billion.

Yet, even now, he hasn’t cut employee benefits.

The same goes for Bobo Milk Tea, Tengying Entertainment, Snacks Dash, and the series of investments in small traditional enterprises.

All have suffered major losses.

For any other company, they’d have gone under long ago.

The pandemic’s extended duration has worn people down to the bone.

Claims of a wave of revenge spending post-pandemic are pure nonsense; people simply have no money now.

Even those with money dare not spend recklessly. Over the past few years, countless middle-aged people have resorted to delivering takeout and driving for Didi.

Many breadwinners for families have been forced into pay cuts or unemployment.

Currently, the pandemic serves as a convenient excuse; once it’s over, the true impact will be clear.

Fortunately, his family has fully transformed its business model.

Not only is their technology sector flourishing, his wife’s healthcare ventures are booming as well.

Their Singapore operations are also steady and secure.

The traditional sectors’ losses are a drop in the bucket compared to their other successes.