Reaching the age of thirty, my income randomly doubled

Last year's Tengying Entertainment hosting of the trainee competition was just an initial trial on a variety program, and the whole industry didn't really take it seriously.

After all, Tengying Entertainment's performances in films and television dramas over the years have been too remarkable.

It was their first foray into variety shows, and nobody thought they could really pull it off.

The subsequent events proved that Tengying Entertainment wasn't just good at making movies and TV dramas. Discover stories at empire

They also had a knack for running variety programs.

This year, the second season of the trainee competition started its national auditions two months earlier than usual.

This was a perfectly normal occurrence.

After all, if a variety show becomes popular, its commercial value is extremely high.

The available streaming resources are countless; just look at the competition itself, all the named sponsors were from Tengying Group's own brands.

What really surprised the industry was that Tengying Entertainment wasn't just planning the second season of the trainee competition but also preparing to host a major event called "Actors Speak Out."

This was not about inviting amateurs but directly involving somewhat famous male and female stars from the industry.

The headline they put out was very eye-catching, "Show Your Talent if You Have It."

To ensure the success of this acting talent show, Tengying Entertainment used three major female-lead dramas, as well as two A+ grade movie resources to attract the participation of entertainers.

Frankly speaking, with Tengying Entertainment's background and resources over the years, who in the industry wouldn't want to align with them?

Now that they were launching another variety show, it's not just about whether it would be a hit or not.

Even just seizing the opportunity to connect with Tengying could be very beneficial.

After all, stars always needed to keep themselves in the public eye.

...

National Day seven-day long holiday.

Tengying Group also took a seven-day break, and so naturally did international primary schools and other major institutions.

Overnight.

Chen Pingsheng took his family to Xiangjiang and then boarded their own two hundred million mid-sized super yacht the next day.

They went out to sea for recreation.

This time, a considerable number of people were along: two Filipino maids, four crew members plus their own family.

Altogether there were about twenty people.

The master bedroom was not small, and it had a large retractable terrace where sitting, having some tea, chatting, and observing the blue sky, white clouds, and sea was extremely delightful.

In October this side in Xiangjiang, four Tenghui Department Stores were about to open; moreover, Tenghui Department Store and Xin Teng Live Streaming jointly established Global Best Choice right here.

That was also booming.

Song Yanxi even sighed, hardly believing that Tenghui Department Store had already become one of the top twenty department stores in the country.

As of now, they already owned thirty-six super direct stores, and additionally, all the storefronts were their own.

"Husband, Tenghui Department Store doesn't need to buy storefronts to open new stores anymore, right?"

"No need now," Pingsheng replied, comfortably sitting on the terrace wearing big sunglasses, the roar of the yacht's engine and the sound of the sea's waves still audible in his ears.

"As of now, our family has already invested 540 billion in commercial real estate; include the additional investment from these two years, and it will be nearly seven hundred billion," he continued.

Initially, Pingsheng had only planned to invest two hundred billion and then stop, mainly for the century-long stability of the family.

Creating a batch of stable and sustainable assets, now having reached seven hundred billion, it was completely unnecessary to further increase investment in commercial real estate.

Mainly because the domestic real estate market was about to face major changes.

A major turning point in the property market might come at any time.

Song Yanxi also lightly sighed, "Indeed, I never thought that in just a few years, our family could accumulate to this extent in commercial real estate. I've checked Tenghui Department Store's financial statements, and the net income should be between eight and twelve billion a year. If all this money was used to expand stores, it's estimated that it could make it into the top ten traditional supermarkets within three years."

"Pretty much," Pingsheng said, "Without buying storefronts, the cost per store would directly drop to between thirty and fifty million, and opening stores is still quite fast. Next, we should focus on the first-tier cities."

Beijing-Shanghai-Guangzhou-Shenzhen, those are all super first-tier cities.

There are a dozen more first-tier cities domestically, which Tenghui Department Store could leap over to.

Water Cloud Space had also developed up to Xiangjiang and owned two super flagship stores there.

Bought for nine minor goals.

Currently, they are still being renovated, and in Guangzhou and Shenzhen, they have also secured four flagship stores.

Expected to open by 2017.

In just five years, their family's business had blossomed everywhere.

The most core new industry of the group stage is undoubtedly new energy.

They had already invested four hundred and fifty billion there, a figure that upon reflection was astronomical.

If this succeeds, Pingsheng would find it hard to remain low-key.

After all, new energy vehicles were too eye-catching, truly drawing global attention.

To build the first good car, it was impossible without three years.

Expected by 2018, Tengfei New Energy was likely to mass produce its first new energy vehicle.

During this time, he would still have to invest an additional two hundred billion.

Funding was no longer under much pressure.

After all, he still held some very nice assets in his hands.

For instance, the 24% stakes in Tenghui Department Store not yet cashed out.

Antler Coffee also had an uncashed 20% stake.

50% of Tengying Entertainment.

50% of the well-developing Melon Seed Used Cars.

3% of Pinduoduo, which is a little less; wanting to increase holdings, there was no chance.

Going forward, he could only continue to pay to maintain its non-dilution.

With the rapidly developing Snacks Dash also owning 42%, not to mention that he also had 30% in Xin Teng Live Streaming.

All these shares combined, he could easily cash out several hundred billion.