This wasn’t at all in line with his interests as a founder.
After so thought, Chen Pingsheng still agreed.
There was no way to disagree, after all, with the platform in soone else’s hands, they could easily limit your traffic.
Once the two companies ford such a partnership, all the other internet celebrities were destined to be minor players.
Xin Teng Live Streaming’s net profit stood at three billion annually, and with the establishnt of a global shopping center in Xiangjiang,
there was still room for further growth in the future.
Chen Pingsheng’s valuation was eighty billion, and Du Hua agreed swiftly.
He was a hands-on owner himself; how could he not know how much Xin Teng Live Streaming was worth?
Had it not been for his status, it would have been impossible to buy a 20% stake for 1.6 billion. Explore new worlds at empire
Han Jindong and Guo Ziyi also wanted to buy a share from him; both had their own large supermarkets.
Pivoting to live streaming ecomrce was seen as an inevitable trend.
Chen Pingsheng refused to sell any more shares no matter what.
In recent years, Han Jindong had been joyfully involved with football, asking Chen Pingsheng if he wanted to invest as well.
What a joke.
Given the level of football skills dostically, he wouldn’t invest a di.
Still, there would be others willing to invest.
That’s just how the Presidents class was; on the first day, everyone got to know each other.
Then, they swapped resources, just like when Xin Teng Live Streaming brought in Du Hua as a founder, it was like being both a player and a referee.
Other internet celebrities who wanted to compete against him could have their streaming rooms shut down in minutes.
Chen Pingsheng didn’t even ntion he was still in Guangzhou, preparing another live streaming company for internet celebrities.
Specially to compete with TikTok going online in September.
Tenghui Departnt Store would be listed on the Hong Kong Stock Exchange this month, thanks in part to the efforts of the Guo Family.
Hearing that he was going to open four global super shopping centers in Xiangjiang, Guo Ziyi was very supportive.
This would greatly increase the market value of Tenghui Departnt Store’s stock on the Hong Kong Stock Exchange.
Chen Pingsheng planned to spend over thirty billion to purchase the storefronts of four super shopping centers for Tenghui Departnt Store.
This was sothing the Guo Family could easily afford.
They owned nurous super shopping centers in Magic City, any one of which was worth at least tens of billions.
On par with the Oriental Plaza owned by the Li family in Capital City.
This was the definition of a top-tier powerful family; outsiders had no idea how much they owned in the comrcial real estate sector.
Not to ntion using these to calculate their wealth.
Guo Ziyi was the most valued individual among the Guo family’s third generation; he could certainly decide to sell so of the family’s smaller properties.
For Tenghui Departnt Store to receive aid from the Guo Family in Xiangjiang was imnsely beneficial to its future.
After all, the Guo Family had been in the departnt store business in Magic City since fifty years ago.
Their experience in this field was unrivaled.
Chen Pingsheng chose to open global shopping centers in Xiangjiang to support the rising stock price of Tenghui Departnt Store,
and secondly, to establish a team to select the finest global brands.
That team would support the upcoming Xin Teng Live Streaming and the newly established TikTok influencer marketing enterprise.
Once he had established this team of global brand selectors, there would be no rivals in the live streaming and marketing sphere.
For this minor goal, it was a simple matter to layout a few tens of billions in advance.
One could only say that he had a longer-term vision.
Indeed, Xiangjiang boasted the richest array of luxury brands in the world.
After three days of learning, Guo Ziyi found him four massive single-story storefronts.
One was on Nathan Road, located on the Kowloon Peninsula of Xiangjiang, one of the most famous streets there.
With an area of 1900 square ters, the price was 9.8 billion Hong Kong dollars.
Another was on Pak Tin Street in Causeway Bay,
with an area of 2800 square ters and priced at eight billion.
Its location was sowhat inferior to Nathan Road.
Another was on Temple Street in the Yau Ma Tei area of Kowloon, Xiangjiang.
The last one was on Queen’s Road in Central.
The four storefronts combined accounted for over 10,000 square ters.
Chen Pingsheng spent a total of 38 billion just to secure them all.
Only these four would be opened in Xiangjiang; it was impossible to add any more.
The main reason was the high expense; the investnt for each Tenghui Departnt Store was already around ten billion.
With such property prices, the fact that he could open four at once was quite impressive.
At least that’s what he thought, and so did everyone else.
Once the storefronts were secured, what ca next was getting ready for renovations, rchandise selection, and opening the stores.
Luckily for him, Du Hua had provided an additional 16 billion, otherwise he would’ve had to ask his wife, Song Yanxi, to help him co up with the money.
During the three days of the Presidents class, setting aside how much they learned,
through various exchanges of resources, he had firmly established Tenghui Departnt Store in the Xiangjiang market.
Furthermore, Xin Teng Live Streaming could also grow steadily on Kwai with a secure partnership with the platform.
Next up was the stock listing.
His shares in Xin Teng Live Streaming dropped to 30%,
netting nearly 29 billion from divestnt, with his total investnt being only two billion. This was what it ant to ride the trend, swiftly.
At the mont when Du Hua officially signed the contract and transferred the funds, the delightful "ding" sounded once more.
This ti, the entire 16 billion could be used for random amplification since the cost had already been fully recouped through cash-out.
Xin Teng Live Streaming was undoubtedly his most profitable company of the past few years, without comparison.
Both cash-outs had been the largest individual transactions.
If TikTok could achieve this effect after going live,
then that would be truly formidable.
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