Reaching the age of thirty, my income randomly doubled

He's not aiming too high and is quite pragmatic.

If he can earn a million a year, that would be quite impressive; he doesn't dare to think about more for now.

As for the one he's closest with, the two are like Wolong and Feng Chu.

One sells underwear, the other sells inflatable dolls and does handwork.

They have products for both men and women for personal use.

Chen Pingsheng pinched his nose; if these two keep talking, this family gathering would completely turn into an erotic conference.

It can only be said that birds of a feather flock together; those who are closer to these two.

They all choose an unconventional path, always taking the alleyways.

As for those close to Song Wu and others, like Song Shuiqing.

They are all focused on the economy of internet celebrities in the short video field.

If they become popular, they earn tens of millions easily; if not, a few hundred thousand a year is still simple.

After this gathering, most of the younger female cousins, etc., all wanted to follow Song Wu into making short videos.

Even those two erotic princes thought about it, planning to start an account specifically to explain twenty-one fun ways to use erotic underwear.

Everyone has their ideas, I suppose.

Chen Pingsheng feels that holding such gatherings often has many benefits.

He simply set a rule that everyone must gather here every ten days.

Attendance is optional; it's not mandatory.

He definitely won't come that frequently.

It's good to let these folks chat more here.

His private club is still very clean; there are no messy things.

The massages and such are all purely proper, unlike Mr. Pidai, who has arranged an extravagant performance group at the top of his corporation.

Especially for entertaining bigshots.

This kind of performance group is nothing new among the wealthy.

A famous entertainment tycoon in Xiangjiang has specially created such a reception group in his hotel.

And those responsible for hosting are not ordinary girls.

They are mainly little stars and models from Xiangjiang.

Not only reception groups, but there are also people who like to invest in nursing homes.

These so-called nursing homes are often of an extravagant standard.

Ordinary people can't even think about living there; those who can are mostly retired old men who have their own private courtyards.

The services and facilities inside are absolutely the ceiling of what nursing homes can offer.

Chen Pingsheng has never done such things because he feels they are improper methods.

Any corporation that needs to resort to these methods to sustain operations is corrupt and fraudulent internally to an unimaginable extent.

Absolutely beyond imagination.

Though his private club lacks those messy things,

It still has everything: a restaurant, entertainment room, gym, KTV, climate-controlled swimming pool, movie theater, etc.

Chen Pingsheng didn't stay long, leaving after lunch.

His wife stayed behind to mainly discuss Song Shuiqing's matchmaking matter.

It's evident that Song Yanxi cares a lot about this.

After returning to the corporation, Meng Yuanyuan's father was already waiting outside.

His daughter must have called him in advance.

Meng Yuanyuan's father is also a man with a story, having made his fortune in the hotel industry during the 90s is no simple feat.

In that era, if you ran a hotel strictly by the books, you'd die without knowing how.

The most profitable part of a hotel was never the room rentals.

But instead, it was calling those sexy ladies.

Commonly known as the sauna, the prices range from 398 to 2980.

Time is also for one hour, but the services differ.

Chen Pingsheng is well aware of these things, since the Dongguan crackdown.

The entire country's hotel industry significantly declined.

Meng Yuanyuan is an only daughter; one can imagine how much her father values her.

For so many years, he has kept her oblivious to the hotel's grey industries.

Now things are different, with the hotel lacking those blatantly grey businesses,

The profits are getting worse year by year.

During that period, Meng's father began to diversify.

Made a lot in stock trading in 2014, continuously increased stakes in 2015, and went crazy in 2016.

In 2017, the situation plummeted; the money made by luck in the stock market was lost technically clean.

Of course, being a boss who became wealthy in the 90s,

He still has his foundations.

Not qualified for high-end business circles in Magic City, but still doing quite well in ordinary circles.

Mr. Meng's visit this time was just to have a casual chat and to inquire about the future directions for the hotel industry.

Chen Pingsheng thought about it, many of his classmates from the President class are in the five-star hotel industry.

This industry may have been promising before, providing both status and profit.

Now it's definitely no longer feasible.

Even Wanda has packaged and sold all its five-star hotels.

It is evident that after leaving the grey industry, survival has become a major problem.

Chen Pingsheng's suggestion was straightforward: quickly sell off his four-star hotel.

With the money, either invest in the internet celebrity economy or in the stock market shares of new energy vehicles.

These two are the trends, and that's all the guidance he could give.

It all depends on how Mr. Meng chooses, no matter how he clings to that hotel.

The direction of the times is already clear. Discover more content at My Virtual Library Empire

Chen Pingsheng himself is planning to cash out at a high position, let alone Mr. Meng.

Mr. Meng hesitated for a long time.

Managing a four-star hotel well in Magic City, transitioning to the internet celebrity economy wouldn't be too difficult.

Many internet celebrities are ex-hotel employees.

Previously clearly priced, now after going live, the prices have increased more than tenfold.

In hotels, this business is called prostitution, in live streaming rooms it's called free love.

Mr. Meng is just getting old and hasn't paid attention to this sector.

If he knew about these things, he would directly set up a live streaming guild with tens of millions.

Recruit dozens or hundreds of internet celebrities, and in two years, he could earn another hotel.

From a profit perspective, industry transition is clearly his best choice.

The specifics of how to run it would be up to him, Chen Pingsheng won't interfere much.

After all, for him, investing a few hundred million isn't of much interest now.

His subordinates can handle approvals and signatures themselves.

After Mr. Meng left, Chen Pingsheng convened Tengying Group's second quarter summary meeting.

The milk tea industry is fiercely competitive, and second quarter revenues fell short of expectations, causing Bobo Milk Tea's stock price to fluctuate slightly.

The total market value has now fallen to 16 billion.

Chu Qiuyan suggested selling milk tea ice cream while adding a snack counter in the stores.

That is, to drive a slight increase in revenue by adding projects.

Chen Pingsheng approved the proposal directly.

Because he already owns Snacks Dash, adding a snack counter inside Bobo Milk Tea is an especially simple task.

No need for much effort.

As for Fei Yangyang Catering Management Group, it actually reported a small loss in the second quarter.

This is the first loss report since Tengying Group went public.

The specific reason could be attributed to Gao Hu's departure, taking many of the original senior executives including store managers.

Store operations experienced significant fluctuations in a short time, causing severe customer loss.

That's the main reason for the loss in the second quarter.

Anyway, from profit to loss in the financial report, the stock price is definitely going to fall.

The only plus for Fei Yangyang is that it has almost hit rock bottom.

It's nearly fallen below the initial public offering price.

The current competition in the catering industry is extremely fierce, and it's impossible for Fei Yangyang to avoid losses with such a major change.

The focus for the third quarter is only one, and that is stabilization.

In the early days of investing in the catering industry, Chen Pingsheng once felt it was a good business.

Over the past two years, he believes this industry is too traditional.

It is far from being comparable to the current internet celebrity economy and some emerging industries.

If you want to start a business, choice really matters more than effort.

From this financial report, you can see how challenging traditional catering is now.

Fei Yangyang has gone from being a star project in the group to a long-term laggard.

No one else is to blame.

The catering industry isn't the only one struggling; many others are in the same boat.

Those that are still thriving are basically individual internet celebrity stores.

Besides Bobo Milk Tea and Fei Yangyang.

Xin Teng Live Streaming did quite well in global sales this year.

Additionally, TikTok is slowly exploring TikTok Mall, and its full transition to the e-commerce market is already definite.

The entire second quarter for Tengying Group is still quite promising.

Especially the various test data from Tengfei New Energy, all of which have exceeded expectations.

In another four months, they can officially enter the mass production stage.