Chapter 779: Chapter 586: About to Erupt
The big health sector is bound to explode.
In fact, as early as two years ago, many top tycoons were already betting on this track.
The main reason is the arrival of aging — you must know that the most concentrated era for the dostic population was the 1950s and 1960s after the founding of the country.
The 1970s also saw a large population, and it was only in the 1980s that family planning began to be implented.
So how old are those born in the 1950s and 1960s now?
With age cos more illnesses. The fact that so many people are entering old age simultaneously makes it clear that the big health sector will undoubtedly be a prevailing trend.
It will be the next major opportunity of this era.
And that’s not all. If the wave of illness in Wu City breaks out entirely, the big health sector will beco even more unimaginable.
This is also the primary reason Chen Pingsheng put in billions and encouraged his wife to start her second entrepreneurial venture.
To put it bluntly, it’s because the market is large enough to perfectly align with Water Cloud Space’s second wave of entrepreneurship.
Ti passed slowly, and it was soon the end of December.
Chen Pingsheng was monitoring Wu City daily, even though news from there hadn’t yet spread extensively.
Still, he clearly understood the situation and had channels to keep tabs on it in real-ti.
How should one describe Wu City right now?
All you can say is that people inside have already started trembling with fear, avoiding going outside, and that the panic is spreading rapidly.
And it’s only been a short while—how has it already escalated to this level?
If this continues, a city-wide lockdown will beco inevitable.
It wasn’t just him watching — the entire Tengying Group was keeping their eyes fixed on it.
Anyone holding stocks in the restaurant industry or investnts in travel-related companies was dumping them entirely.
The sa went for hotels and similar businesses. An unprecedented major shift was coming.
Chen Pingsheng himself had already sold off all related stocks cleanly and was now reminding his array of top executives.
No wishful thinking — prepare for the worst possible scenario.
This thing spreads far too quickly, almost unprecedented in its speed throughout history.
If it can’t be controlled in Wu City, don’t doubt it — it may soon spread across the whole country.
Should such a situation arise, it wouldn’t just be a downgrade in consumption; it would face catastrophic blows.
Any industry affected by it won’t escape unhard.
When Chang Fu ca to see Chen Pingsheng again, he spoke about Gao Hu’s “old friends” helplessly.
“This guy is completely out of sync with the tis now. His ‘old friends’ may be thriving now, but when this wave of illness hits, I estimate the restaurant industry will be the first to collapse.”
No reminder was necessary; it was undoubtedly the case.
“Old friends” is too large, and the bigger the store, the harder it is to survive in tis like this.
“Very difficult, extrely difficult.”
Chen Pingsheng himself was doing relatively well; after all, he had prepared so much money precisely to deal with this special crisis.
Nonetheless, the restaurant industry would undoubtedly take a hit—this was undeniable.
Many companies were already starting to sell off restaurant-related stocks, and countless listed companies in the restaurant sector faced survival problems.
Businesses without sufficient cash flow would fall first.
Not to ntion Gao Hu’s enterprise, which was still in its infancy. Unless soone stepped in to help him, it was guaranteed to collapse as well.
But… how could anyone help?
Once the timing is lost, re human effort would require pouring in an astronomical amount of money to fill the gap.
This was why Chen Pingsheng said it was so hard.
Gao Hu changed significantly during this entrepreneurial attempt—he stopped fooling around with won and dedicatedly focused on being a chef. Such a pity.
“Old Chen, tell the truth, if Gao Hu’s side can’t hold on, what would you do?”
“There’s nothing to be done. We businesspeople understand the principle of going with the flow. My suggestion would be to imdiately sell ‘old friends’ to a major corporation while there’s still ti; maybe it could fetch a good price.”
Chang Fu shared the sa opinion; he was just worried Gao Hu wouldn’t listen to them.
If he insisted on going against the tide, he wouldn’t just fail to make money but would also end up burdened with debt.
Chang Fu was helpless. After all, he shared Chen Pingsheng’s point of view.
He had already invested ten million in Gao Hu’s venture; selling now might still yield a significant profit, but if Wu City’s outbreak happened—
It would all be too late.
When Chang Fu was unsure what to do, he sought advice from Yang Qian, but she herself had a headache because of this wave of illness.
Antler Coffee alone had more than 6,000 dostic franchise stores.
You might think she was in a better position, but even she had to accelerate the transformation to delivery services.
Coffee shops were undoubtedly slightly better off compared to large restaurant chains, but in this storm, no one could remain untouched.
“Let tell you, Old Chang, are you out of your mind? Gao Hu’s side has so few employees, while Tengying Group has how many? Do you even realize how many employees in Wu City are idle at ho just because of one evacuation?”
“Of course I know! I’m just afraid Gao Hu will repeat Zhang Tao’s mistakes.”
Chang Fu said, “No matter what happens, Old Chen has a massive operation. If you think he’d face a crisis, you’d be underestimating him. I’d bet even in the worst-case scenario, for your Antler Coffee employees alone, even if the stores stayed closed for three years and made zero revenue, he could still pay salaries flawlessly.”
“This isn’t about how much money he has.”
Yang Qian replied, “The issue is that everyone’s under pressure now. Tengying Group has way too many employees—over 600,000 just from the offline sector. If we consider the worst-case scenario and salaries have to be paid to all 600,000, do the math yourself—how much money would be needed?”
“But wait, didn’t he say three years ago during the group assembly that every enterprise should stockpile sufficient cash flow?”
“Yes, he did, but who could have expected the situation in Wu City would get this serious? Even Tengying Entertainnt, with the highest cash reserves, would be forced to shut down if there were no operations for two years, let alone other enterprises like my Antler Coffee, which could sustain for six months at best.”
Six months—that’s under conditions where stores remained closed and unable to operate.
Stores would still have to pay rent as usual, and employees would still need their regular salaries.
Waking up every day to thousands of store rents, all pri locations, plus tens of thousands of employees’ wages—just thinking about the pressure was terrifying.
So don’t assu Chen Pingsheng’s wealth is enough.
He has money, yes, but he also has more employees and more offline stores. Otherwise, he wouldn’t have urgently cashed out 40 billion.
To put it simply, it’s because the scale of involvent is too vast.
Moreover, nobody could accurately predict the magnitude of the impact this ti.
As for Gao Hu, he only has a few stores. Closing them or selling them off wouldn’t have much of an impact.
But for soone like him, even a small move would involve the livelihoods of tens of thousands.
Under circumstances like this, helping Gao Hu is out of the question; being able to hold their own ground is already luck amidst misfortune.
Chang Fu called Gao Hu and explained the current situation to him.
In summary, even Old Chen himself wasn’t confident about navigating through this crisis.
He couldn’t make an accurate judgnt either, but he had already instructed the entire group to prepare for the worst.
The so-called worst preparations followed one principle above all: prioritize safeguarding employee wages and avoid layoffs.
In other words, truly putting employee interests first.
If the situation really deteriorated to that extent, given Tengying Group’s size.
It would need no less than hundreds of billions in cash to get through it.
Old Chen’s original words were: sell quickly if you can, don’t hesitate.
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