Chapter 685: Chapter 495: Discussing Cooperation
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November, winter.
In Magic City, the temperature officially dips below 10°C. Pingsheng, dressed in a suit with a white lightweight down jacket over it, feels the warmth only after turning on the car’s heater when heading out to drop off the kids in the morning.
The first-grader Er Piya looks relaxed, completely unaware of what competition is.
Chen An’an, on the other hand, is resolute, determined to rank within the top twelve in her class this year.
Pingsheng also cheers her on. By the ti he gets to the corporation, Chen Fan has already been waiting upright at the entrance.
...
After two divorces, this guy has taken a new wife.
Our third aunt didn’t pull punches, choosing a beautiful one for him.
The terms weren’t as high as the second marriage.
After much discussion, it was a pre-wedding bride price of three hundred thousand and a monthly living allowance of twenty thousand.
Plus, if she could bear the first child, she’d receive three million cash.
For two children, that would be five million—a substantial reward that would surely encourage beautiful won willing to bear children.
Chen Fan was extrely pleased with his new wife, taking her to stroll around The Bund after work every day, and might even buy her so gifts along the way.
This guy has the dumb luck of a fool.
Due to so special reasons, Pingsheng is obligated to take care of him for life.
It doesn’t cost much, considering Chen Fan’s father, our third uncle, often helped him in fights when he was young.
Whoever dared to bully him, the third uncle was always the fiercest to rush forward.
After patting him on the shoulder, Pingsheng smiles and steps into his private elevator.
Inside the top-floor office, his secretary Lin Qiunan has already organized all the work docunts for the day.
She has also sorted out all the people Pingsheng is supposed to et today.
In the morning, he is to et with officials from two governnt agencies.
One is from Capital City, the deputy director of the Ministry of Electronic Industry.
The other is from the director of the new economic developnt zone in Guangdong.
The main discussion is about making Teng You dia a model company and, with Teng You dia as the core, developing a new short video live-streaming e-comrce zone.
In plain terms, the goal is to vigorously support new e-comrce ventures. Pingsheng chose to locate Teng You dia in Guangzhou because global trade there is the most developed.
Take, for instance, Western-style watches that can make you doubt life’s value at five yuan a piece.
Or bags for a few yuan each, presented in live-streaming rooms, easily making you believe they can’t be had for less than several hundred.
Only in Guangzhou would you realize how cheap these items truly are.
As for clothing, shoes, and hats, that’s another matter altogether.
Teng You dia, situated in Guangdong, can then play to its greatest strength.
Operating at Pingsheng’s level inevitably ans dealing with various governnt departnts.
The Ministry’s visit mainly involves a tour of Tengfei New Energy.
It’s no exaggeration that ever since the nation began heavily supporting new energy,
All kinds of ghosts and goblins have sprung up.
Many are just there to scam subsidies, but Tengfei has genuinely invested over one hundred billion yuan.
This deputy director is quite anable, asking directly what support Pingsheng needs and offering to help out with any difficulties.
This is virtually impossible in other industries.
Only in the tech industry are the top-level chiefs not restrictive but even offer various kinds of support.
Mainly because competition in the tech industry is fierce, facing global-scale enterprises.
Pingsheng is very polite in declining, considering the scale of Tengfei, it’s still feasible to apply for tens of billions in subsidies each year.
It’s just that he has never asked for national funding, having his own wealth, why bother taking from the country.
Pingsheng and the deputy director from Capital City talk for over an hour.
Eventually, Pingsheng arranges for soone to take him on a tour to the Tengfei New Energy research and developnt center in Magic City.
When he ets Director Liu from Guangdong, Director Liu is blunt in saying that if Teng You dia pursues a dostic IPO, they can provide certain help.
The condition is the hope that Teng You dia will place all its subsequent major investnts in Guangzhou.
Even within his district, to establish an industry cluster focused on short video live streaming and e-comrce.
Local areas, to foster developnt, will naturally aim to attract leading enterprises in their industries.
Pingsheng hesitates for a mont before agreeing outright.
He also announces an additional investnt of two billion yuan to construct four new-style short video internet celebrity live-streaming e-comrce buildings around the headquarters of Teng You dia.
The money certainly won’t all co from him, he currently owns only 35% of Teng You dia.
He only needs to put in seven billion yuan according to the ratio, and the rest will contribute based on their shares.
After entertaining the director, he especially holds a video conference with the main investors of Teng You dia.
The eting agenda is simple: Teng You dia will throw in another two billion yuan to buy land and construct buildings around the headquarters.
The reason for this investnt is mainly to obtain local governnt support.
By providing IPO slots.
When it cos to the current state of short video e-comrce, it’s a ss.
In all the live-streaming rooms, there seems to be no such thing as advertising law.
That might still be manageable if not listed on the market, but once listed, maintaining such practices could easily lead to reports.
Without local governnt support, stock prices could crash within minutes due to such reports.
That’s what happened to Xin Teng Live Streaming. If it weren’t for letting Kwai’s founder, Du Hua, take a 20% stake,
Their top live-strears would have been heavily fined to the point of breakdown.
Teng You dia is no exception; by contributing to the local area through tax support and job creation,
Once Teng You dia encounters any mishaps, the local side will assuredly be biased towards them.
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