Next, the store will move away from the center of Magic City to set up shop, and the investnt will be smaller.
The plan is to keep it between 3 to 3.5 billion.
The progress on the fresh food side is significantly smoother; no need to buy owned retail space, therefore the investnt is comparatively less.
The average investnt per store is about 3.5 million.
The two flagship stores of Water Cloud Space are expected to open in January 2016.
Overall, the group is advancing the industry’s developnt towards Magic City very rapidly and efficiently.
During this ti, his wife has been busy at the headquarters of Water Cloud Space in Magic City.
It’s soon the end of 2015, and looking back, this year’s developnt has been very good.
And it far exceeded expectations.
Chen Pingsheng ca to Magic City for more than just these matters.
The most critical thing is that Fei Yangyang is about to complete its IPO application.
The total number of stores is 1,132, with around 1.5 billion in cash investnts.
He started by personally investing one billion to establish it, followed by four rounds of financing from series A to D.
Only then did it reach today’s scale.
Compared to Bobo Milk Tea’s listing within a year, Fei Yangyang’s developnt was undoubtedly much slower.
Fortunately, it’s finally ti to cash out through an IPO.
Chen Pingsheng, Gao Hu, Tong Zelan, Shen Nanpeng, Zhao Liying,
and a group of classmates from the CEO class, together at the top floor of the Magic City headquarters building, completed this important signing ceremony.
Valued at six billion, the IPO diluted 60% of the shares, cashing out 3.6 billion.
He personally takes a substantial 1.2 billion.
A one-ti dilution of 20% of the shares, leaving 15%.
After deducting his initial investnt, it’s about seven or eight billion in revenue.
"Ding, congratulations Host, your inco for today is 7.8 billion, would you like to activate the random multiplier?"
"Activate."
A three-year wait, all for the mont of fruition.
A Golden Dice appeared.
Rolling and rolling, it eventually settles on the number "four."
One second, two seconds, three seconds go by.
"Ding, your Alipay has received 31.2 billion, total balance 35 billion."
Confused again, looking at those cold, hard numbers.
What else is there to aspire to in life?
Chen Pingsheng thought darkly to himself.
Gao Hu on the other hand, was exceptionally excited.
Three years in Capital City, he closed two hotpot restaurants in Sha City.
Three years into his entrepreneurship, and he has successfully cashed out over two billion.
Zhao Liying also had an amount similar to his, owning the sa percentage of shares.
The rapid early developnt of Fei Yangyang was always driven by her popularity.
Lately, Yang Mi also joined Tengying Entertainnt and provided traffic for Fei Yangyang without any compensation.
Directly making it the hottest star-endorsed affordable dining brand.
Now everyone, including those classmates who believed in him, at the end of the CEO class graduation season, jointly secured the most crucial and final 7.5 billion funding for Fei Yangyang.
Today, they have all received their return on investnt.
Just like Bobo Milk Tea, the success of the IPO only ans that the listing is in its final stages, and there will still be so ti before it can officially launch on the dostic A-share market.
The celebratory toasts during the reception were lively, indeed.
Chen Pingsheng beca the most popular person at the evening event, inadvertently drinking a bit more than intended.
Then he stayed the night at the 180-square-ter apartnt on The Bund.
His wife Song Yanxi was also there, taking care of him until he rested, and then she fell asleep contentedly beside him.
When the sun rose again, the golden light of the morning sprinkled into the room.
It was a new day.
After freshening up, Song Yanxi also straightened his suit for him.
Since his wife ca over, the little house seed a tad too small.
The two moved to the large flat he previously purchased for 1.2 billion.
Located on the 18th floor, it offered a panoramic view of much of the Huangpu River at night.
In the more than fifty-square-ter walk-in closet, new suits handpicked by Song Yanxi hung in abundance.
A whole eighteen sets, and a row of watches too.
Roughly about nine pieces.
Had they brought the everyday items from Capital City?
Impossible, she would only buy everything new.
Chen Pingsheng didn’t even know how much she had spent on these new acquisitions.
After gliding his hand over them, he eventually picked out a Patek Philippe watch with a black strap and rose gold face and wore it on his wrist.
The watch was probably worth over five million.
It belonged to the high-end business category of watches.
As for the suits,
He was mostly wearing Kiton, hailed as the king of suits.
Whether it was its history, cut, fabric, or its reputation for craftsmanship,
it was the world’s top tier.
He casually put on a black suit.
As the temperature dropped in late November, it got a bit cold.
He then put on an Armani coat.
Living in Magic City’s top-class flat was very comfortable.
With a high ceiling of three and a half ters, there wasn’t the slightest feeling of confinent.
The mid-section’s grand living room, with floor-to-ceiling windows on three sides, also featured an extra-long dining table.
Six bedrooms in the master suite, each with its own bathroom, of which there were five.
After Song Yanxi arrived in Magic City, she tidied up the place and also prepared a range of day-to-day clothes and accessories for him.
She herself was quite fond of this more-than-five hundred square ter flat.
Having lived in the Siheyuan, she had developed a taste for the finer things in life.
She would never settle for less.
Now, this 1.2 billion flat was perfect, and she spent tens of millions to acquire so everyday items,
ensuring they could really just walk in with a suitcase and live there.
"Husband, Fei Yangyang has also succeeded in its IPO, leaving our family with two listed companies by next year," she said.
Yesterday, her own account received 1.2 billion.
The thirty-so billion in Chen Pingsheng’s account is all from the random multiplier, not including the principal profit share from the IPO.
Similar to him, with so much money coming in at once, she also didn’t know how to spend it.
Chen Pingsheng said, "You miscalculated there, Tengying Entertainnt is probably going to list even sooner than that."
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