Chapter 269 Water Cloud Space Graduation
With the influence of Tengying Entertainment.
The press conference for Tengfei had still dominated the major headline financial rankings the next day.
Although the car would take a few more years to build, that didn't prevent him from starting to advertise it now.
By the tenth of June, Chen Pingsheng had allocated a total of twenty-three billion funds for the construction of Tengfei New Energy vehicles.
Out of which, building the super factory cost twelve billion, and acquiring Altma took five point five billion.
Just these two items alone totaled seventeen point five billion.
A further four billion was planned specifically for Tengfei Ecological Industrial Park.
To build a headquarters industrial park covering a hundred acres.
All investments were made without any loans; they were fully paid in one go.
After acquiring Altma, he also directly allocated one point two five billion for battery research and development for the quarter.
Specifically to break through the existing battery technology.
Moving forward, over a billion would be allocated each quarter, totaling five billion for the four quarters of a year.
It would only increase, not decrease.
Since establishing Tengfei New Energy, it hadn't been long before twenty-three billion had almost dwindled to about one billion.
This money was specifically for hiring headquarters staff.
...
The limitless spender, Chen Pingsheng.
Not only was the whole group stunned, but even his wife, Song Yanxi, couldn't understand it.
The investment was extremely high, it was downright frightening.
It wasn't just a bit frightening; it was quite terrifying.
In household matters, men took charge, and Song Yanxi couldn't interfere.
In June 2016, Capital City had another important event to manage.
That was the graduation of the first batch of students from Water Cloud Space Academy, after a two-year program.
On this important day, Chen Pingsheng naturally hurried over to attend their graduation ceremony.
The first batch of students had a total enrollment of one thousand; two years later, eight hundred sixty remained.
Those who were missing were mostly expelled for various reasons.
After the graduation ceremony here ended, over thirty Water Cloud Spaces in Magic City were set to open on the same day.
The middle-aged Chen Pingsheng who had finally achieved something, came here driving a Phantom to attend the graduation ceremony of the first batch of students from Water Cloud Space.
It was quite a lively event.
His wife, Song Yanxi, stood on the stage like a goddess, giving a speech, which also served as a sincere blessing to this batch of students.
Unbeknownst to them, it had been almost four years since they started Water Cloud Space.
From initially renting the headquarters of the academy to now spending six point eight billion to buy this place outright.
This also signified the changes in their family over the years.
It can only be said that as the times were progressing, their family was also progressing.
Today, what made Chen Pingsheng proudest wasn't how much money Water Cloud Space could make.
But that these rural girls could come to his platform and quickly become part of the high-income group earning an annual salary of over five hundred thousand.
This kind of achievement brought a satisfaction that was hard to describe.
"The last bit of time, I'll give to my husband, who is also the real founder of Water Cloud Space."
Although she wasn't supposed to come on stage, Song Yanxi still called him up.
A big man, speaking to hundreds of young girls, looking at their admiring gazes.
Who could understand that feeling?
With graduation approaching, Chen Pingsheng had never delivered any speeches at Water Cloud Space Academy before, mainly because he believed there wasn't much significance in doing so.
Now, as graduation drew near, it was indeed time to give them his most sincere blessings.
The applause from the audience was enthusiastic.
Song Yanxi, the president of Water Cloud Space, kept winking at him.
Signaling him to do well, as so many people were watching.
In the early stages of its development, Water Cloud Space indeed brought him substantial benefits.
It could be said that without this platform, he wouldn't have been able to develop the group to this extent in just a few years.
Gazing at the sincerest eyes of the young girls below, Chen Pingsheng said, "It was probably around 2013 when my sister Chen Qi came to me and told me that the beauty industry was highly profitable."
"At that time, I didn't understand much, and hearing the word profitable, I simply had my wife get a membership card at a nearby beauty salon and she went for beauty treatments daily."
"Actually, it was just to learn their techniques."
"Don't look at the current managers of Water Cloud Space stores, driving either a Ferrari or a Porsche Panamera. Initially, I used a BOSPEED V-Class to pick them up, and they were all nervous sitting in it."
"They just felt like this outsider boss seemed particularly wealthy."
"Including Zhou Chun who now owns three Ferraris, when she first joined us, she was just like you all, arriving with a bucket and two quilts."
"From the earliest makeshift team to now being a top national luxury beauty brand, I always believe I did only three things right."
Chen Pingsheng stretched out his hand and summarized, "The first thing was investing at least twenty million in the training of employees during their first six months."
"It gave me a batch of employees whose overall qualities far exceeded those in the same industry."
"The second thing was undergoing salary raises eight times."
"As of today, according to the finance department's calculations, regular employees who have been officially employed at Water Cloud Space for less than a year have an average yearly income ranging from three hundred and fifty thousand to four hundred and fifty thousand."
"Those who have been here for over a year all earn a salary of over five hundred thousand."
"The significance of the eight salary raises at Water Cloud Space is that no competitors have ever been able to poach our employees."
"Once, a competitor from Magic City tried to poach our flagship store manager by offering a salary of three million a year."
"Guess what the manager said? She said don't scare me, if my salary was only three million, that would definitely mean I was squeezed out of the manager position by someone else."
"In the beauty industry, employee turnover is particularly high; it's common for an employee to work at a shop for two or three months and then leave, which greatly dissatisfies the clientele."
"But if you go to Water Cloud Space, you will know, the staff from three years ago are still the same staff three years later, and even with the high housing prices in Capital City, they can all afford to buy a home."
"In a service industry, the significance of having long-term, stable staff is that the clients are particularly stable."
"Even if a shop that is comparable to ours opens next to us, and they offer the same services at less than half our price, the clients still choose to stay with Water Cloud Space after trying the other shop once."
"Because our employees genuinely treat the store like their home, and care for the clients inside as if they were their own family."
"This is the core reason why Water Cloud Space has continued to improve and do well."
"It is also why I am firmly convinced that the best investment a company can make is in its employees."
"As for the third thing I did right, it was establishing the Water Cloud Space Academy, allocating five hundred million to safeguard your two years of learning and growth."
"It can be said that for each of you here, before you started producing value for Water Cloud Space, I had already spent five hundred and ninety thousand on each of you."
"This is incredible and even incomprehensible to the entire industry, and not another competitor dares to imitate it."
The young girls in the audience, each with tears brimming in their eyes.
It must be said that the two years at Water Cloud Space Academy were not only about learning in their youth but were also the best two years.
The academy regularly invites you to the most high-end restaurants in Capital City during holidays and introduces you to the history of Capital City at famous historical sites.
It also teaches you how to live life, how to love yourselves and your parents.
Step by step from the ignorant period of youth to now, looking forward to the future.
This isn't something that just any academy can achieve.
But it is Chen Pingsheng who has genuinely invested five hundred and ninety thousand in each of you.
Education is intangible, its costs are reflected in every aspect.
Without this investment, how could they possibly command a high salary of three to four hundred thousand right after entering society?
"Looking back at today, I have always believed that what really drives the rapid development of a company is definitely the core values of the boss or key personnel."
"And the core mission of Water Cloud Space is to allow anyone who joins Water Cloud Space to achieve the dreams they hold deep in their hearts."
"To create a truly shared wealth, top luxury beauty and wellness brand for women."