Chapter 691 After Cashing Out
In September… the news that Chen Pingsheng cashed out 30 billion US dollars was a capital news of earthquake level not only overseas, but also in China.
This cashing out mainly solved three things. One was to pay off the final payment of the world-class cruise ship Tengying, and there was about 30 billion left.
Another thing was to upgrade the six-star Tengying Hotel originally planned to be built into a seven-star hotel, which is rare in the world.
Another 15 billion funds were added, and the final payment of 35 billion was also paid off.
In addition, Tengfei Mobile allocated all the research and development funds for the next two years at one time, including the development fund.
About 50 billion.
The three items added up to about 115 billion.
This also means that he will not have too many spending projects in the next three years. In addition, he donated 15 billion to Shanghai.
The remaining 80 billion was all allocated to Tengfei AI to develop AI mobile phones, AI smart robots, AI systems including AI chips and other core technologies.
This fund also means that the AI sector will not be short of money in the next two years.
After completely solving the existing debt problem of Tengying Group, Chen Pingsheng's investment strategy also began to shift from offense to defense.
So far, the dividends of shares owned by his entire group, including his wife's project, can generate a stable net profit of only about 22 billion yuan a year.
Although this amount of money is not small, he still plans to increase it to about 40 billion yuan.
The mobile phone project has been completely developed, and it is expected that the first Tengfei AI smartphone will be released in June 2025.
The price will be around 5,000, which is a mid-to-high-end model.
In addition to a series of related professional technologies of Tengfei AI, the most important thing is the standby function of the solid-state battery, which is at least 50% longer than that of mobile phones of the same price.
In addition, it is equipped with the top Samsung screen and Qualcomm mobile phone chip, and the price of this set is only 5,000.
It's hard not to be popular, it's just the price of making friends.
Tengfei mobile phones have clear goals, the best configuration and the lowest price.
In the next three years, I only plan to make friends, and only consider profit issues after sales are fully up.
This is the benefit of independent investment.
In addition, his own Tengfei AI is also developing robots with related technologies.
It is just around the corner to completely replace the Tengfei mobile phone super factory, including the human resources of Tengfei New Energy.
Once this step is completed, the labor cost will definitely be reduced to the lowest.
There is no way around it. The development of automobiles has eliminated the former rickshaw pullers. The continuous development of AI robots will also quickly eliminate those assembly line workers.
After Tengfei New Energy Automobile has firmly established its top spot in domestic sales, it will only take a few years for Tengfei mobile phones to occupy the top three positions.
Tengying Group is definitely capable of this now.
This is inseparable from the R&D funds of the entire group that far exceed 150 billion yuan each year.
It took him seven years to accumulate to this point. Once he starts to work hard, he will be unstoppable.
When he takes over the mobile phone market, there will be a trend of developing the entire AI industry including home appliances in the future.
There is no way around it. Tengfei AI, which invests 40 billion yuan in R&D expenses each year, must rely on the big market to recover the investment costs of the R&D sector.
Among them, computing power technology is the most important.
After completing this cashing out, he and the group's funds will be particularly abundant in the next few years.
This is how scientific research should be done. You must not expect to make huge profits in the short term, otherwise it will only be counterproductive.
Also next year, Tengfei New Energy will launch a real trump car under its brand, equipped with the latest solid-state battery.
The range is 3,000 kilometers when fully charged, and the price has dropped to between 350,000 and 400,000.
Combined with the existing AI smart driving technology, the time for Tengfei New Energy Vehicle to dominate this track is not far away.
It would be a lie to say that you don't expect it.
…
House prices have become increasingly difficult in the past 24 years, and even the prices on the surface can no longer be maintained.
Those who have bought houses want stability, and those who have not bought houses want a drop.
When market supply far exceeds demand, this long-standing balance line is bound to be quickly broken.
The housing price issue can be said to be the hottest topic in 2024, without a doubt, and it is more difficult to discuss than blind dates now.
After Chen Pingsheng cashed out 30 billion US dollars, Tengying Group also announced a comprehensive transformation to the technology industry.
The traditional businesses in his hands have long been merged into giant enterprises through various integrations.
In the next three years, he will no longer have any debts or financial burdens.
The remaining Nvidia shares, including 1% of Microsoft, are naturally not in a hurry to cash out.
Chen Anan, who is preparing for the senior year at home, began her own countdown to the college entrance examination. Not only is she counting down on her mobile phone, but her room is also covered with large labels saying that there are only XX days left before the college entrance examination.
No mistakes, one song, one post, one content, one 6, one 9, one book, one bar, one look!
As for her sister, Erpi Ya, she has now started the first grade of junior high school.
Unlike her sister's low-key and ordinary junior high school experience, Erpi Ya has been walking to school with the exaggerated steps of the second princess since the first day of school.
What a grand show.
Most of the time in junior high school was spent in boarding school. Chen Xinyi had never lived outside since she was a child, so she naturally refused to leave home to live in school.
This time, her objection was ineffective. She had to slowly adapt to the group life outside when she was in junior high school.
Like her sister, there were four people in one dormitory.
The second girl chose the best bed and placed a lot of her own belongings in the dormitory.
The reason why no one objected to her doing this was mainly because she gave too much.
Erpi Ya didn't quite understand why her sister had to prepare for the college entrance examination every day. Isn't that thing very simple?
If she really couldn't afford it, couldn't her family afford it?
This was the biggest difference between her and Chen Anan. Anan wanted to prove herself in her studies.
The college entrance examination was her best way to prove herself.
Jiang Tang, who had excellent grades, accompanied her to study every day, and the two agreed to take the same university entrance examination.
If Jiang Tang passed the exam and she didn't, it would be too embarrassing.
In the past, many people said that the college entrance examination was the most important turning point in life, but now no one said that.
The main reason was that passing the college entrance examination was just that, and Chen Anan just wanted to prove herself.
She took the college entrance examination alone, and the whole family went out.
The first thing all relatives said when they saw her was, Anan, come on, you will definitely get into a good university.
Even her sister is like this, which shows that Chen Anan now really treats the college entrance examination as the top priority in her life.
Whether she can get into the university she is satisfied with, I don’t know, but the only thing that is certain is that she is really working hard on this.
She even dreams about how many points she will get in the exam at night.
After so many years, this is really the first time in her life.
Chen Pingsheng doesn’t want her to be too stressed, and he just wants her to relax a little.
There is really no need for their family to regard the college entrance examination as a turning point in life.