Reaching the age of thirty, my income randomly doubled-Chapter 604 - 397: The Path Underfoot

When the era undergoes transformation, everyone must turn around in due time.

Chen Pingsheng, who initiated corporate restructuring back in February, did so, and so did Xu Pidai who announced an investment of 300 billion to build cars.

On March 1st, Chen Pingsheng met with a special guest at his headquarters.

The once consecutive real estate tycoon topping Forbes’ list of richest people in China, Old Wang, could trace his glorious history back to the 1990s.

East and West, North and South, all come to Guangdong to get rich; set a small target first, Wanda is right in the city center, etc.

These slogans all came from Old Wang.

Old Wang, who comes from a military background, experienced the biggest Waterloo event of his life last year.

Probably many people have no idea why Wanda suddenly took a nosedive.

Apart from some unspeakable reasons, the key issue was that Old Wang had moved a large amount of money borrowed from banks to overseas locations.

In just 2017, he planned two projects worth 20 billion dollars each.

One was to invest in Malaysia’s Greater Kuala Lumpur, and the other was in Indonesia.

Looking over Wanda’s investments over the years, it can be said they were primarily focused on overseas.

If all that money were his own, it wouldn’t be a big deal.

The key here is that it’s all borrowed from banks, with a debt of up to 400 billion.

Under such circumstances, the authorities wouldn’t allow him to easily transfer such a large amount of capital overseas.

After banks tightened credit, Wanda’s days of tension arrived.

Since last year, Old Wang started to sell, not just hotels, department stores and whatnot, but also many assets of high quality.

He came to find Chen Pingsheng also hoping to successfully list Wanda’s commercial enterprises on the A-share market this year.

If successful, all his debt problems could be smoothly resolved.

If not, as early as June last year, the Banking Regulatory Commission named Wanda in an audit for risks associated with overseas mergers and acquisitions.

A company with a debt-to-asset ratio of over 70%, spending 20 billion dollars on overseas investment in a single year, what is this for?

Perhaps everyone can’t help but ask such a question.

Unfortunately, Chen Pingsheng’s current strategy is to tighten his grip on capital and to operate cautiously.

No matter how tempting the offer, he wouldn’t spend tens of billions on it.

Don’t let arrogance lead to picking up what seems like a big watermelon and end up losing your own stronghold.

Old Wang was destined to return disappointed.

He couldn’t possibly spend tens of billions on discounted assets that meant nothing to him.

Old Wang now has two massive mountains pressing down on him, whether he can recover depends on his own skills.

Those who are still expanding now, may face a big disaster in a few years.

Not to mention the real estate industry, the era of mass innovation, entrepreneurialism in the internet age is nearly over.

The waves of the era surge one after another.

No one can guarantee they can always ride on top of the waves, and he is no exception.

After he finished meeting with Wang Jianlin, Zhang Wanyi brought over his schedule for the next few days.

Aside from meeting people, it’s still meeting people, mostly local leaders.

A smaller part consists of business tycoons like himself.

"Chen, the various vice presidents below hope you can meet with these local leaders, it would greatly benefit their work."

"Without seeing them, their work cannot be carried out?"

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After replying, Chen Pingsheng screened out some people.

"In a couple of days, my daughter starts school, I don’t have time to meet so many people. Also, announce to the public that I will be away for a long period of time, during which I will not meet with anyone except for special matters."

"Okay," said Zhang Wanyi, holding a thick folder, "Chen, may I ask where you plan to go?"

"The group’s asset restructuring is about to be completed. If I stay here every day, I have to meet with someone or another, I might as well disappear for a while. Where to go? That depends on where my daughter likes to go."

Alright... The big boss only shows up at the group’s headquarters at critical times, other times he is taking care of his daughter.

As for the specifics of the trip, she would naturally receive news of the next steps.

At this time, there was no need to ask too much.

The development of Tengying Group has completely gotten on track. Next, all that is needed is to successfully turn Tengfei New Energy into a Fortune Global 500 company, then his career path will be halfway complete.

Chen Pingsheng drove his black Volkswagen home, and when he passed Old Yang’s Bun Shop, he still bought two big steamed buns.

These two old folks have worked hard all their lives, only for their son to be whipped into shape by his wife.

Not to mention spending decades of savings, the wife wouldn’t even let them move in.

If Little Third Chen Lu ended up like this, it would infuriate him.

In the elevator, he encountered the rich second-generation who had stolen his brother’s girlfriend. He still looked full of pride, probably unaware that his father had been reported by the company’s shareholders.

Maybe one day he’ll be arrested for embezzlement and misappropriation of company assets.

Why does he keep encountering these no-good, profligate children?

Little Third Chen Lu was sleeping soundly, his Er Piya unusually didn’t come to bother him.

Er Piya kept holding onto her grandma and asking ten thousand whys all day long.

This age is really too much to handle.

As for her sister Chen An’an, after getting the two billion bank card, she didn’t even spend any money.

Really strange.

If you ask her why, she says she doesn’t know how to spend it yet.

Thinking of donating a bit to charity, the next day she sees the news about Guo Meimei.

She was quite angered.

She even wanted to get back the money she had donated.

Spending money is not an easy task.

Instead of donating to charities, it’s better to give directly to people who really need help.

Sadly, she could no longer find any poor children around her.

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These people would not appear in international schools.

For the first time, Chen An’an felt the trouble of having too much money to spend. Chen Pingsheng told her not to rush and to slowly find a way.

As for himself, he wanted to experience different aspects of life.

Consider it gathering experience for his daughter.

Even Chen An’an asked him, but he didn’t specify.

"Dad, do you still need to experience life?"

"Of course, I do."

Chen Pingsheng said, "Life is so long, aside from selling durians on the street and being a truck driver, I’ve done everything except work for someone else."

"Dad, you want to work for someone else?" Chen An’an’s eyes widened.

"I might try it for a while. Starting this year, Teng You Media is growing rapidly. I might go undercover there for a while, and at the same time experience the daily life of an employee."

"Will you take me with you?"

"I definitely will."

Of course, Chen Pingsheng wasn’t going just to experience the daily life of an employee; the most important thing was to have his daughter go through Wan Zhong Mountain.

Only by experiencing more can one see the path beneath their feet more clearly.

And to understand which path they should truly take.

To be a good boss, how can one not experience what it’s like to be an employee.

He must personally teach his daughter; relying solely on teachers is not enough.