Reaching the age of thirty, my income randomly doubled-Chapter 851 - 649: Another Year of Spring

To cultivate a person’s self-confidence, it obviously isn’t just about teaching her how to spend money.

The most important thing is to have her by your side, familiarizing her with the operations of the entire enterprise.

Chen Pingsheng and Tang Jing arranged for Xiao Le to assume the role of an intern in the group secretary team.

While the salary isn’t the primary focus, the important part is gaining insight into the core operational methods of a large corporation.

She could also observe various complex interpersonal dynamics within the team.

Take Tengying Group’s political and business relationships for instance—these are completely invisible at the grassroots level or even in general management positions.

However, within the secretary team, one can see that Tengying Group’s major investments often align with national strategic objectives.

For example, investments in new energy, AI technology, solid-state batteries, and more.

These are industries the authorities advocate for, even expect leading enterprises to spearhead, as future developments.

Investing heavily in these areas might carry tremendous risks, but the political resources gained from them are far more substantial than what typical internet companies or even traditional businesses could access.

On the surface, Tengying Group appears most prominent through its traditional retail outlets scattered across major cities throughout the country.

Every bustling street in counties or cities is almost guaranteed to have Tengying Group’s traditional stores, often more than one or two.

These are merely the most direct impressions outsiders have of Tengying Group.

Even controlling half the entertainment industry via Tengying Entertainment and owning tens of thousands of influencers through Tengyou Media.

Are merely external embodiments of the company.

What truly makes Tengying Group powerful is its reliance on years of investments in the entire new energy industry supply chain and heavy expenditures in the AI sector to acquire political resources.

In Golden Mountain, Tengying Group is unequivocally the uncrowned king—not an exaggeration.

Only by entering the secretary team can one truly understand the core of Tengying Group.

Its traditional sectors, aside from short videos, are mostly unprofitable businesses for the group.

The group’s overseas investment fund, Tengying Capital, controls over 40 billion US Dollars in cash assets.

Tengchao Commercial Management owns more than 120 billion in prime commercial real estate.

Tengfei Capital wholly owns branches such as Tengfei New Energy, Tengchao Times, and Tengfei AI.

Each possesses a net asset value of no less than 300 billion.

These assets are the real hidden core of Tengying Group.

And have never been publicly disclosed.

The secretary team’s work is highly complex, primarily assisting Chen Pingsheng in organizing various types of information.

As well as handling daily group affairs, interpersonal receptions, and the like.

Xiao Le started here as a complete novice, slowly adapting, and eventually transitioning to naturally hosting and interacting with various distinguished figures.

This process took a full eight months.

Her sister Xiao Ya, following her example, spent all her available time interning here whenever possible.

It must be said that such an opportunity is not something most people could ever experience.

...

The days drift by, spring turns to autumn, and in the blink of an eye, eight months have passed.

Under the effects of the pandemic in 2020, times were tough everywhere. Another summer vacation rolled around.

Chen An’an had just finished junior high, Er Piya was about to enter fourth grade, and even the youngest in the family, Chen Lu, was starting first grade.

For the adults, time is nothing more than watching the kids grow day by day, while working endlessly to earn money.

2021… June.

A year and a half since the outbreak began, and the day it’ll fully end is still unclear.

Tengying Group also struggled through 2020 with difficulty.

Fei Yangyang posted a net loss of 620 million for the year.

Bobo Milk Tea’s valuation fell to 12 billion, with annual net profits barely reaching 30 million.

Antler Coffee fared slightly better, with its profits relatively unaffected.

Snacks Dash, Tenghui Department Store, and Water Cloud Space all experienced a 30% drop in net revenue compared to 2019.

The traditional restaurant industry was collapsing piece by piece.

Small businesses faced increasingly dire survival conditions.

For major companies, just being able to pay salaries normally was considered good enough.

Most either resorted to layoffs or outright closures.

Consumer spending kept declining, and the market visibly worsened year after year.

Of course, not all industries were hit equally.

New energy vehicles boomed, with market share rising from below 3% initially to about 30% today.

This means out of every 10 vehicles sold, three are now new energy vehicles.

Xiaomi’s Lei Jun staked his life’s achievements on his final entrepreneurial venture—car manufacturing.

Huawei didn’t manufacture cars but assisted car companies in doing so, becoming an intelligent solutions provider for the industry.

This sector is becoming increasingly dynamic.

Meanwhile, Chen Pingsheng remained steady and unbothered.

Tang Jing came to report that the 20-billion-dollar superfactory project in North America is less than a year from completion. freewebnσvel.cøm

The 28-billion-dollar national artificial intelligence industrial park in Golden Mountain is expected to be fully completed in two months.

These were major investments Chen Pingsheng made in 2020 and are integral parts of the group’s core industry chain.

Compared to investments in the technology sector, the minor losses in traditional sectors are inconsequential.

Tang Jing brought Xiao Le over for the report, saying: "Big boss, after the artificial intelligence industrial park is completed, we plan to recruit 10,000 to 30,000 specialized talents domestically. This is a future data report released by the finance department."

Chen Pingsheng took it and glanced over it, noting that about 15 billion was spent on building this industrial park.

The land was free, but the remaining over 10 billion was entirely allocated to the park’s operational costs.

From the financial statement’s projections, annual operating costs will be no less than 10 to 15 billion.