Reaching the age of thirty, my income randomly doubled-Chapter 852 - 649: Another Year of Spring_2

The tech industry is like this: crazy amounts of money get poured in during the early stages, and only after many technologies mature can you start making high profits.

Obviously, despite Tengying Group investing in the AI sector for over five years, it’s still far from reaching international advanced levels.

After throwing in a total of RMB 80 billion, it barely managed to hit a global second-tier standard.

It’s still a long way off from the ultra-first-tier AI tech levels of Google and NVIDIA.

Which is actually pretty normal—why else can companies like those achieve market valuations in the trillions of US dollars?

As far back as last November, he had already gathered the RMB 40+ billion needed for Tengfei New Energy’s developmental plans for this year.

But now, even more funds are needed for 2022.

It’s not just Tengfei New Energy that requires cash; the AI industrial park also needs funding.

He’s now pulling AI intelligence into a standalone core project for development.

It’s been spun off from Tengfei New Energy, and the battery division has been separated as well.

The car manufacturing, battery, and AI divisions have been split into three major sectors, all of which are planned for independent listings in the future.

Half a year has passed, and he himself still isn’t short on funds—he opens his computer to check.

Last year, he invested nearly RMB 50 billion heavily into Google, and its stock has now risen to a market cap of $1.2 trillion USD.

It climbed from $700 billion USD to $1.2 trillion USD.

The 1% equity he holds is making him a net profit of around $50 billion USD, which translates to RMB 340 billion.

A classic example of smart investing.

Regarding the 3.5% stake in NVIDIA that he still holds, the stock price has now surged to $800 billion USD.

The only regret is selling Tesla shares too early. He cashed out when its market cap was just over $500 billion USD, but this year it has climbed to $800 billion USD.

If he had cashed out this year, he could’ve made an additional $30 billion USD.

That’s just how the stock market is—ups and downs, no one knows what will happen tomorrow.

Even compared to him, Tencent’s case is more unfortunate. They also invested 5% into Tesla.

Tencent sold off their shares back in 2019, which, compared to the current market, was at a super-low level.

Not even a fifth of the current high valuation.

By comparison, his timing was better—it’s not really worth regretting.

But now he needs money again, and he’s still vacillating over whether to cash out NVIDIA or Google.

Judging by the recent growth trends, NVIDIA’s upswing seems more modest.

Google, however, has been tremendously stable.

After much thought, he decides to go ahead and cash out 1% of NVIDIA.

By cashing out 1% in one shot, he’s looking at approximately $8 billion USD, which will fully cover Tengfei New Energy’s 2022 R&D funding needs.

After converting to RMB, that’s close to RMB 50 billion.

After this sale, he’ll still be left with 2.5% of NVIDIA.

Of course, the corresponding benefits are a whole pile—the annual RMB 50 billion put into R&D will drive Tengfei New Energy’s core technologies forward substantially.

Including advancements in electric systems, hybrid technologies, extended range, and solid-state batteries.

In just another two years at most, Tengfei New Energy will be able to completely reverse its losses.

At that point, it will no longer need him to subsidize investments.

With the equity he holds now, there’s absolutely no problem sustaining this for another two years.

Only needing to cash out 1% annually solves the funding issues, allowing everyone to focus on development with peace of mind.

Other aspects? They aren’t the main concern.

"Boss, Teng You Media is about to breach a market cap of RMB 300 billion soon."

"That’s definitely surprising—I didn’t even see it coming myself."

Chen Pingsheng holds only 10% of Teng You shares now, worth RMB 30 billion when converted into assets.

The majority of Teng You shares he had were cashed out back when the market cap was around RMB 80 billion.

By that time, he had already made a hefty profit—it was beyond expectations that the short video business exploded in growth over the past two years.

Teng You Guild alone has signed some 360,000 streamers.

Comparing last year to this year, that’s almost a 50% increase.

Most signed streamers make money through live-stream donations, while a small portion earns revenue from product sales.

There’s no need for them to train these people or pay them extra salaries.

Every signed contract inherently nets profits.

Over time, they’ve signed tens of thousands of them.

Major influencers have become countless.

After a year, just Teng You Media’s growth alone could offset losses in all traditional sectors.

Tang Jing giggled: "I’ve only bought Teng You Media shares all along, and over two years, I’ve made RMB 9 million in profits."

"Impressive."

Chen Pingsheng remarked: "Once Teng You Media hits RMB 300 billion in market cap, Zhang Wanyi over there can also finally claim her 1.5% option shares. She’ll be crowned the top working queen in the country, even surpassing Chu Qiuyan. You better work harder."

"Me? Yeah… definitely gotta step it up."

Tang Jing was quite satisfied with her current situation. If there was a chance to take over Jiateng Film Group’s major enterprise in the future, she’d of course be eager. But if not, being by the boss’s side as a secretary was just as delightful.

After a pause, she added: "Xiao Ya’s passed her civil servant exam already. In a few days, she’ll be stationed at Golden Mountain’s Zhengfu Office as an intern—do we need to make any arrangements here?"

"Indeed, arrangements should be made. Once Xiao Ya is situated, I’ll invite District Chief Jin for a meal and discuss investing in Tengying High-end Community’s second phase."

Tang Jing was taken aback: "That’s a RMB 20 billion investment! Offering it as her first major project right upon arrival—her future is bound to rocket!" ƒrēenovelkiss.com

"Well, she’s worked hard, and having interned for a few years in the secretarial team with you, she should be capable of managing it."

Xiao Ya had been groomed since her college freshman days, and her sister Xiao Le had joined under his guidance last year, learning financial management before interning at the group’s secretarial office.

Now it’s been nearly a year.

Properly training someone isn’t easy—it takes not just money but countless effort as well.

As Xiao Ya begins her internship in Golden Mountain, the RMB 20 billion Tengying Phase-Two investment serves as her grand opening move.

Once she establishes herself there, the next step will be finding a suitable marriage alliance.

Every step has to be aligned with the plan; there can’t be even the slightest mistake.

Fortunately, the two nieces from his eldest sister’s family are indeed obedient and immensely worth nurturing.

Completely unlike Hu Lin—a single-minded guy.

Still, his youngest sister Chen Qi is especially fond of Hu Lin—well, Hu Lin as a brother-in-law is a decent choice.

He’s taken very good care of his youngest sister and their kids.

Watching Xiao Ya gradually step into her path and Xiao Le, now finished with her freshman year and soon beginning sophomore year in September.

It’ll take another two years to truly bring her up to speed.

All of this is entirely leveraging Tengying Group’s resources to propel them forward.

Hopefully, they won’t let down the high hopes placed on them.

In retrospect, Tang Jing truly admired this—what kind of uncle goes to such lengths to nurture his nieces?

This must be the first and only case in the world!

His reasoning for doing so is largely because Chen Pingsheng refuses to let Chen An’an, not to mention Er Piya, enter that circle.

Both are his own daughters, free to choose whichever lifestyle they love.

But his eldest sister’s two girls are different—they’re entirely planned by him.

Some people might reject this path—but that’s just because they haven’t experienced the harshness of reality.

A chance like this being handed to an average person would be like ancestors’ blessings, practically a miracle for their family.

After setting the group affairs straight, Chen Pingsheng asked Xiao Le, now a young woman of twenty.

"Lele, you still need to intern here all summer, but you can take Saturdays and Sundays off."

"Uncle, I know."

"Hmm… didn’t you mention having a freshman class reunion? Go ahead. I’ll give you a day off."

"Thanks, Uncle!"

Xiao Le left grinning. She wasn’t that naive little girl from last year who showed off her Aston Martin to flaunt her youth anymore.

Over the course of this year, she’d met countless influential people.

In business, let’s not even mention it—few could rival her uncle’s standing.

In politics, however, it was different—high-profile figures often brought delegations to tour.

Gradually, she’d developed confidence.

Not a superficial kind of confidence, but a deep, inner self-assurance.

It’s also known as the calm demeanor of the wealthy—being able to handle anything with composure.

She was no longer someone who ran to her parents at the first sign of trouble or could be easily extorted with a few words.

Xiao Le understood well that no one could successfully extort her uncle, but the reason he wouldn’t deal with such issues was simple.

Those petty matters were unworthy of his lofty position in business.

If he mobilized the group’s legal office to sue for extortion or similar issues, especially in a place like Golden Mountain.

It would easily create a stereotype of the strong oppressing the weak.

It’s like an elephant not bothering to look at passing ants.

Last year, she bought herself a Rolls-Royce Cullinan. This year, she purchased a red Ferrari 812.

For a wealthy woman, owning a Ferrari is practically unavoidable—unless one doesn’t have money.

Xiao Le was merrily on her way to her class reunion.