Reaching the age of thirty, my income randomly doubled-Chapter 799 - 605 Jinshan Villa Completed
Chapter 799 -605 Jinshan Villa Completed
Mid-April.
Following Chen Pingsheng’s decision for major companies to quickly find ways to save themselves,
Bobo Milk Tea was the first to make a move, deciding to sell all stores that had sustained losses for three consecutive months.
If no buyer could be found, the stores would close within a month.
Not only was Bobo Milk Tea closing stores, but other businesses were making similar choices.
Each opted for a “survival by amputation” strategy.
Departing employees were compensated using an N+6 plan, resulting in severance packages equivalent to 8 to 12 months of wages.
The decision stemmed primarily from the group’s financial forecast, which suggested that the crisis could last 2 to 3 years.
This was even worse than the previous worst-case scenario.
If the loss-making stores weren’t shut down promptly, it was doubtful they could even weather $20 billion in losses.
A reluctant but necessary choice.
Many employees left in tears, not with complaints or venting grievances.
After all, anyone who had worked at the milk tea shop knew this: where else would you receive severance equivalent to over half a year’s wages in the event of a store closure?
The Tengying Group had done everything it could to make arrangements, though many lower-level employees might not see the bigger picture.
But on Chen Pingsheng’s level, the clarity was undeniable.
The assets being traded in circles of billionaires consisted mostly of large-scale sell-offs, with very few capable of stepping in and taking over.
The owner who bought the Wanda Hotel for a low price last year, thinking they’d scored a major deal, now deeply regretted it.
And what about Sun Hongbing, who spent over $10 billion acquiring LeEco TVs? Look at his situation now.
He’s tearfully holding press conferences, though his particular predicament might be considered atypical.
Broadly speaking, he falls under the “unlucky” category — he hadn’t foreseen that the prominent figure backing Old Jia would collapse shortly after.
This illustrates just how astute Old Li’s decision was to offload his Mainland assets back in 2015!
Never mind that real estate prices surged for several years afterward; he wasn’t tempted to chase the last penny.
Selling off early, living comfortably early.
Hanging on until now would just be hardship, hardship, hardship.
According to the group’s HR department statistics, this round of store closures reached over 800 locations.
A total of 9,800 employees needed severance packages.
From the finance department’s figures, severance payouts would amount to $1.3 billion.
On average, each employee would receive around $120,000.
Some were quite pleased, while others remained rather disheartened.
After all, while the severance amount seemed significant, for so many companies to shoulder it together, it wasn’t overly damaging.
This measure was solely to swiftly cut losses and extend resilience for the subsequent phases of the crisis.
As for Tengying Entertainment, Bai Xin directly established a live-streaming company.
All third-tier and lower-tier celebrities in the group were sent to start live-stream selling.
No one’s opinions mattered at this point — if she didn’t make this move, the issue wouldn’t be about making tens of billions in profits annually; it would be billions in losses.
Entertainment production projects had decreased massively, with only large-scale productions involving Zhao Liying and Liu Yifei still holding up against the risks.
In the film division, it depended on Wu Jing and Shen Teng.
Aside from them, there were no guarantees.
Under the impact of short video platforms, people could finish an entire drama on their phones in just a few minutes.
The number of cinema-goers had plummeted.
In such circumstances, if they didn’t pivot to live-stream sales, Bai Xin, despite her glamorous role as President Bai, would undoubtedly be the first to draft a public apology document when year-end financial statements were released.
Outsiders could hardly imagine just how devastating this wave of the health crisis had been to traditional industries.
It’s often said that small boats turn easily while large ships must resort to every possible measure to push forward.
The $4 billion Jinshan headquarters project headed by Chen Pingsheng had completed construction, and the project head invited him to inspect it.
He brought his wife, Song Yanxi, along for the visit. Though they had spent significant sums buying houses over the years, spending $4 billion on constructing one was an entirely different concept.
Especially in a location where land prices weren’t even particularly high — it was clear just how much luxury those billions of dollars could build.
The Jinshan Villa, nestled amid mountains and water, stood 12 stories tall.
Built encircling a small mountain, it featured a lake at the front and a mountain at the back.
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Four of these floors were partially spiral-designed to create an enormous terrace.
The road leading into the mountain had four security checkpoints. Without internal permission, outsiders simply couldn’t enter.
This was the epitome of a super-villa!
The first floor wasn’t particularly remarkable — a reception hall surrounded by stunning scenery.
Many trees had been transplanted to decorate the space.
The second floor was a different story; it housed an event lounge for hosting large-scale gatherings.
With a cinema, a luxury KTV, a restaurant, a gym, and more, it was ultra-inclusive.
The third floor was designed for yoga, beauty treatments, and a medical suite — anything short of major surgeries.
All the facilities and medical services on the third floor could meet these needs.
Top-tier Western and Chinese medical services were on hand.
The fourth floor was distinctive with its super terrace pool, plus a luxury showroom for high-end clothing.
Watches, handbags, branded apparel — everything was readily available here.
No need to visit malls; if you liked something, you could simply pick it from the collection here.
The fifth floor featured a variety of specialty restaurants, a kids’ playground, and other entertainment loved by children.
Floors one through five catered to all needs for food, drink, and leisure.
The sixth floor was designated living quarters for service staff. This building housed no fewer than 150 staff members.
Floors above the sixth were reserved exclusively as living spaces for the homeowner’s family. Apart from select service staff, no one else was allowed upstairs.
The per-floor area of the mansion was close to 2,000 square meters.
After hearing about the villa’s completion, Chen Qi drove straight over in excitement.
Although she was quite worldly and experienced, she still found herself utterly floored by the spectacle of the villa.
A house built with $4 billion — how could anyone not be amazed?
Her request wasn’t excessive; she merely wanted one residence on the seventh floor.
Since that entire seventh floor was massive, it was clear her family of three wouldn’t require all the space. Her parents, Peng Ying and Chen Jianjun, also planned to live on that level.
As for Chen Pingsheng’s immediate family, they were set to occupy the twelfth floor, the very top.
The twelfth floor, while modern in design, also included a genuine Jiangnan Su-style garden.
Living up there, with its calming ambiance, was simply blissful.
The construction of such an expansive Su-style garden atop the structure naturally came with immense costs.
But its beauty was undeniable; with funds poured in, there were no instances of cutting corners. Anyway, no one would dare skimp on materials here.
All construction materials were specified as the best brands available.
Even something as trivial as a bathroom faucet wouldn’t cost less than $10,000.
Let alone the decorative lights and furniture interspersed throughout the mansion.
Even the toilet paper scattered around was of the highest quality.
The rooftop was the true residence of Chen Pingsheng, surrounded by mountains, greenery, birds, and flowers.
He had truly recreated the most exquisite Su-style garden directly atop his mansion.
Who wouldn’t be astonished at the sight of this house?
Unless something unexpected happened, this house would be where he lived for several decades — so of course, it had to be built to the highest standards.
Though the current economy wasn’t doing well, it hadn’t dampened the fact that he possessed a fortune in the trillions.
No one in Jinshan could rival him in wealth.
So what’s wrong with building a better house?