Chapter 875: Chapter 663: Black Tie
Song Yanxi was at ho helping Chen Pingsheng tie a black tie.
It was already December, the temperature was slightly chilly, and you needed a light down jacket to go outside.
Fortunately, their house had central heating everywhere, so only the brief mont stepping out would feel a little cold.
Her husband had decided that at least half of NVIDIA’s revenue would be donated to Magic City, while the other half would remain invested dostically.
Song Yanxi felt this was a very good act. Don’t be fooled by how glamorous their family appeared on the surface; only by sitting in this position would one truly understand the feeling of chilly isolation at such heights.
It was difficult to describe this sensation; she increasingly understood why so many wealthy people at this level chose to settle overseas.
To put it simply: when your family has too much money, there will be just as many people watching you.
When nothing goes wrong, it’s fine, but the mont sothing does, countless people will flock in.
So would even wish to step on you twice, as for the online comnts and complints from employees—
In the face of true montum, all of it is aningless, just like how Chen Pingsheng himself could control online public opinion to a certain extent, including headlines from major dia outlets.
There are naturally people more formidable than him who can exert control as well.
With NVIDIA inventing the world’s most advanced computer chip graphics card technology as well as AI artificial intelligence technology,
it’s hard to predict how much its stock price will rise in the future; far too many people are eyeing such a coveted prize.
It’s difficult to say their family will definitely be able to hold onto it, at least for now it’s challenging.
Xiao Ya had just finished a marriage alliance, and his own new energy vehicles couldn’t claim to be irreplaceable.
For a giant like Tengying Group, apart from its over-a-million employees, there’s truly nothing that’s indispensable.
Even if sothing is truly irreplaceable, when faced with an overseas fund worth three to four hundred billion, rules can still be bent.
Walking to this point, maintaining a legacy is ten tis harder than starting an enterprise; anyone who has held the dostic title of richest openly is no exception.
Except for Penguin Ma, there has been so form of incident for all of them.
Without a doubt, Tengying Group had officially transitioned from startup mode to legacy preservation mode.
“Honey, are you heading to the university for a public speech later?”
“Sort of, I’m actually quite nervous myself. You know, we didn’t even finish university, and now I’m going there to give a speech—what should I even talk about?”
“You’re still better off; you were at least a visiting professor before, and now you donate fifty billion annually to the three universities in Magic City. I reckon those students asking the questions below are all pre-arranged.”
“No need to guess, they are definitely pre-arranged.”
Chen Pingsheng said, “Tang Jing already sent the list of questions to my phone in docunt form. Now that my reputation is bigger, saying or doing anything doesn’t co with the freedom it used to.”
“I never would have thought our family would end up here.”
Song Yanxi said gently, “This month, you’re giving speeches at universities and also publishing them online. Although I understand the significance of what you’re doing, I always feel that fa isn’t necessarily a good thing.”
“It’s not us wanting fa; it’s soone else wanting us to be famous in this era.”
Chen Pingsheng responded, “Isn’t this also the month of Entertainnt Circle’s dazzling evening? You can represent at that. anwhile, regarding the shares and industries in the entertainnt circle, we’d better restructure them.”
“Are you planning to sell off Tengying Entertainnt?”
“Not really sell off, more of rging it into Teng You dia. Instead of dragging it along in this half-dead state, it’s better to rge it with Teng You dia. After the two combine, Teng You dia will practically dominate the short video sector, and with the addition of Wanda Business Managent we’ve recently acquired, the industry chain will be quite complete.”
The entertainnt circle right now is just outwardly glamorous, filled with pretty faces.
But to real capital, it’s just a small industry at best.
In the past decade, the dostic box office’s peak year was 2019 with a total of 64.2 billion.
That’s an unreachable year now.
In 2020, the annual total was just 20.4 billion, a drop greater than anyone could imagine.
And it’s worth noting that the box office isn’t exclusively claid by film production companies; there’s also distribution and cinema shares to consider.
This pie is small to an almost pathetic degree.
The scramble for film resources that stars fight over is completely insignificant in their eyes.
This is precisely why Tengying Entertainnt has been declining steadily in recent years—there’s no choice, the movie industry’s contraction has been far too dramatic.
Short dramas had a brief resurgence before, but with the launch of free short dramas, this sector was quickly demolished as well.
If Tengying Entertainnt isn’t rged into Teng You dia soon, its market value dropping below eighty billion is practically certain.
Whether it could even hold onto sixty billion is a substantial question.
Once the pandemic is over, Chen Pingsheng will have to quickly reorganize his traditional businesses under the group.
What needs to be sold will be sold, what needs to be rged will be rged—there’s no room for vagueness.
How to integrate these two giant companies is an art in itself.
When Chen Pingsheng arrived at Modu University, the school’s welcoming team was overwhelming.
Just like Tang Jing’s file on his speech, the questions from the audience had all been pre-approved.
Much like a leadership’s speech script, it had all been ticulously refined by specialists.
There was no way, after donating so much money, that so clueless person in the crowd would suddenly ask,
“Why do you drive a Maybach? Shouldn’t a boss be more supportive of dostic brands?”
It’s hard to say that even in top universities, such a person wouldn’t exist.
After all, so graduates who joined Tengying Group loved to point fingers and guide him on how to better run enterprises.
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