There are two main reasons for Feiyangyang's losses.

One is the high salary of employees, and the other is mainly market factors.

In the earliest period, the emergence of food delivery apps did solve certain customer flow problems for the catering industry.

But over time, especially after the food delivery apps went through the initial capital expansion, integration, and finally formed a monopoly.

The spring of the catering industry is basically gone.

No matter how big the store is, you will find an amazing fact that the big store next door can order a three-person set meal with two meats and one vegetable for 70 or 80 yuan.

The entire industry is caught in a crazy internal roll.

Feiyangyang also started with high cost performance in the early days. Now, the rent is getting higher and higher, and the salary has not dropped, plus the well-known three-year illness.

In four years, Chen Pingsheng personally took out more than 2 billion in losses for this company.

It can be said that he has done his best, and his personal shares have also increased from 5% to 30%.

The market value of Feiyangyang is only about 6 billion, which is the same price as when it was first listed.

The entire catering industry, except for Haidilao, which has formed high customer prices due to its special service.

Other large companies are almost facing the same problem, that is, heavy losses.

What he has to do now is to find a new buyer for Feiyangyang. After knowing that Tengying Group was going to sell Feiyangyang, Gao Hu came to him immediately and brought Chang Fu with him.

He spoke sincerely, hoping to give him another chance to take over Feiyangyang again.

As for selling it to him, no matter how much Gao Hu wanted to, he didn't have the strength. After all, Feiyangyang's market value was there, and there were still more than a thousand directly-operated stores.

It would be the same even if it was lower.

Chang Fu said: "Old Chen, Feiyangyang was also built up by Gao Hu and you with great efforts. It has been many years. If he wants to take it back, you can give him a chance."

"We are brothers, so let's settle accounts first."

Chen Pingsheng said: "You are very clear about Feiyangyang's net losses in recent years. Although I am now distracted and unable to take care of that side, if Gao Hu wants to take over, he must at least prepare 400 to 500 million in working capital, otherwise how can he make up for the loss?"

A very realistic problem, if your boss can't pay when the company is losing money, there will definitely be a big mess.

As long as the employees don't get their wages for more than three months, they will definitely make trouble.

The reason why Feiyangyang has been safe all this time is mainly because he has enough funds to fill this gap.

And Gao Hu doesn't have this money, so what can he use to take over Feiyangyang?

It is impossible to let him subsidize 400 to 500 million every year. This is unrealistic for any boss.

Chang Fu thought about it, this is indeed the most difficult part for Gao Hu. It is obvious that Chen Pingsheng does not want to pay for Feiyangyang anymore.

His method is very simple, to sell Feiyangyang to other catering giants.

What Gao Hu wants now is to contract independently and bear his own profits and losses. Anyway, it is like this now, so it is not a big problem for him to contract.

The key is that he can't afford the loss.

Without 700 million or 800 million in cash, it is impossible even if the relationship is good.

Chang Fu himself is also powerless. He does have money, but he can't take out so much money to guarantee Gao Hu.

His wife Yang Qian will definitely not agree.

For Gao Hu, all kinds of regrets come to him. The most glorious moment of his life is definitely not being an internet celebrity anchor now.

But the moment when Feiyangyang went public, he became the brightest star in the entire catering industry.

This is not only financial freedom, but also a feeling that men can't forget.

Unfortunately, he missed it.

No money is no money, no matter how much he wants to take over Feiyangyang again, it is impossible.

Chen Pingsheng is still looking for buyers, or partners, as always.

Buyers can package everything and make a full acquisition, or they can pay for a large share acquisition.

It is not so easy to acquire such a listed company in full, and one must be very strong.

He has not found a suitable buyer for Feiyangyang yet, and Lao Wang called again.

Wanda Commercial Management failed to go public for the third time. Lao Wang had to repurchase the gambling funds he got at the beginning with equal interest payments because of the failure of the listing.

This was already signed in the financing agreement.

If the listing is successful, everyone will be happy, but if the listing fails, Lao Wang will have to pay for all the capital.

A very realistic thing is that Lao Wang has undoubtedly failed this time.

The once glorious richest man in China has also begun to become haggard, and his son has begun to settle down and live a small life.

There may still be legends about him in the world, but he is definitely not the most glorious one.

A generation of famous entrepreneurs will also officially withdraw from the stage of history.

Wanda, the world's most famous urban complex, is destined to find a new buyer.

There are not many people in China who dare to directly bid 120 billion and can take out this money at any time.

There are about 500 Wanda Commercial Management companies in China, and the highest valuation has reached 500 billion.

Now there is only 120 billion left, which is the 120 billion he bid.

Chen Pingsheng took the group's financial team, legal department, secretarial team, etc. to the headquarters of Wanda Commercial Management for acquisition negotiations.

This time, Lao Wang gave up about 60% of the shares, which means that he gave up his absolute controlling rights.

The entire Tengying Group's financial team, legal team and secretarial team are all busy with this.

Liquidation of Wanda Commercial Management's core assets, as well as debt restructuring, including various taxes.

It can be said that this is a very large task.

Of course, these details are naturally handled by the group's employees.

Chen Pingsheng himself was also sighing. When he was still setting up stalls, the man in front of him was already in great glory.

Wanda Plaza is even more open all over the country, and his son is also called a national-level son-in-law on the Internet.

In a blink of an eye, ten years later, this huge commercial real estate will fall on his head.

He can also use this to open his Tengfei New Energy offline self-operated stores all over the country in one fell swoop.

It can also quickly build the most complete department store system, plus brand advantages.

It can be said that the acquisition of Wanda Plaza is of great significance to the stars of Tengying Entertainment.

Not to mention that he has so many offline cinemas.

In short, if there is no shortage of money, this is an extremely cost-effective investment.

He also took out 1.5% of Nvidia shares in his hand and cashed out directly.

In exchange for a sum of 10 billion US dollars, he will acquire 60% of Wanda's controlling shares.

This is a three-year late acquisition for him. Whether he likes it or not, the news still caused a stir in the entire financial circle.

You have to know that this is no longer the real estate era. If it was still the real estate era, this acquisition would not be so exaggerated.

Because many real estate bosses like to use bank loans to make big investments here and build new cities there.

The current market situation is that everyone is tightening their money supply and dare not let large amounts of cash flow out of the company.

Not to mention that he took out 72 billion at one time and did not use any bank loans for the acquisition.

When the news came out, everyone was not shocked that Tengying Group acquired Wanda's controlling stake, but that he did not need any bank loans.

How much cash flow does it take to achieve this?

It's hard for Chen Pingsheng not to be famous, but this time the acquisition was made using the Tenghui Investment Fund registered in Hong Kong.

A series of shareholder names are overseas companies, which are certainly difficult for ordinary people to find, but people with channels will naturally understand.

This is a capital company registered by Tengying Group in Hong Kong.

No matter how it goes around, it is a big capital under Tengying Group.

If you check further, you will find that between 2021 and 2022 alone, Tengying Group has cashed out nearly 30 billion US dollars by investing in Tesla shares.

In addition, it is one of the largest shareholders of Nvidia and Google. In just ten years, it has made a net profit of 40 to 50 billion US dollars by investing without showing any signs of success.

It can take out more than 70 billion in cash, which is not surprising.

They have invested heavily in new energy and AI industries since 2016.

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Almost all new energy vehicle companies that can be listed in China have been invested by him.

Tesla has become a major shareholder in one fell swoop, and it is still a leader among domestic new energy vehicle companies.

It can only be said that when Tengying Group took out 72 billion in cash to complete this acquisition.

The whole world basically knows that he is super rich, far beyond the reach of ordinary large companies.

It's just that as the saying goes, a big tree attracts the wind, which is never a good thing.

Especially with such a strong wind, Chen Pingsheng frankly explained a problem after returning to Shanghai.

He did make a lot of money from Tesla, Google and Nvidia.

In comparison, his own traditional listed companies are nothing.

As for the half-armed bosses in the entertainment industry rumored on the Internet, they are even less worth mentioning to him.

Chen Pingsheng also used his actions to quickly eliminate those who wanted to put bad ideas on him.

When he held a press conference in Shanghai, he directly announced.

If Nvidia's market value exceeds 800 billion US dollars one day, he will donate more than 5 billion yuan to the three top universities in Shanghai every year.

The duration is 20 years.

If Nvidia's market value exceeds 1 trillion US dollars one day, he will donate an additional 3 billion yuan to Shanghai every year.

The duration is also 20 years. What does this mean?

Once Nvidia's market value exceeds 800 billion US dollars, he will donate 5 billion to Shanghai University every year.

Once it exceeds 1 trillion US dollars, he will donate 8 billion to Shanghai every year.

And this time will last for 20 years.

Many people don't understand why he does this. Only those at their level will understand how wise and generous this decision is.

The simplest thing is that all his Nvidia shares are overseas. If he gets into trouble within 20 years, this agreement will be canceled immediately.

If nothing happens, he will donate 8 billion to Shanghai every year, which is 160 billion in 20 years.

Even if Nvidia's market value exceeds 1 trillion US dollars one day, then according to his remaining 4.5%, it is equivalent to donating about half.

No one can say anything.

It is even more impossible to harm him because of this. If so, Shanghai will be the first to disagree.

What is spending money to buy peace? This is the top peace.

There is no doubt that he must do this.

Otherwise, there will be too many people who are eyeing an overseas asset of more than 40 billion US dollars.

Now, he has donated half of it to Shanghai, but the time limit is 20 years.

Who dares to secretly set their sights on him?

It can be said that Chen Pingsheng is never vague about major events.

Whether he acquires Wanda or not, this step will be taken sooner or later.

Instead of hesitating, it is better to be decisive.

As soon as he finished the announcement, Shanghai came to protect him.

All kinds of Shanghai financial news praised his entrepreneurial style.

Anyone with a discerning eye knew what was going on.

Chen Pingsheng also became a well-known philanthropist in Shanghai, and even in the entire domestic charity sector, he can be regarded as the best.

When the money is paid off in 20 years, he will be almost the private entrepreneur with the highest donation amount in the whole country.

The slogan was certainly not shouted in vain. In the first year, he cashed out 0.5% of Nvidia's shares again, obtained 3.5 billion US dollars, about 24 billion yuan in funds, and registered a fund called Tengying Magic City Special Donation Charity Fund.

This money is specifically used to fulfill his personal donation commitment.

It can be said that he was very decisive and direct in handling this matter.

He announced the donation method and took out more than 20 billion right after.

Who else can be as sincere as him?

The effect of the donation is also quite significant. There are three universities in Magic City that hold a lifetime genius study class for him.

This is also an extreme recognition of identity, and it is also a great reward for his personal reputation.

It should be said that after achieving this step, both his wife and himself will be much more at ease.

Just like the big fish in the stock market eat the small fish, and the small fish eat the shrimp.

In the eyes of a higher being, he is just a bigger fish.

After having money, he can still get out of it unscathed, which is definitely a higher business wisdom.

Outsiders only know that he donated a lot of money, but they don't know what the meaning of his donation is.

If Nvidia can exceed 2 trillion US dollars one day, he will donate nearly 20 billion every year to Shanghai without hesitation.

By that time, all those who dare to talk to him about the law here are his younger brothers.

I just don't know if that day will ever come.

Back to reality, he is really not short of money, and he has enough personal business assets.

The future is definitely not for making money, but for a better life and to fulfill a man's ultimate dream.

Build his own technology empire.

In addition, it is hard to imagine what he can't do.

If he is given another 20 years, he can also truly develop the Chen family into a large family with intricate roots and deep leaves.

All of this can only be said to be well prepared.

Rather than choosing to settle abroad like others, he still prefers China.

It is also an entrepreneur's social responsibility to earn money from this land and return it to this land.

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