Chapter 678: Major Industry Investment
October 2023.
Tengying Group has broadly completed major industry investments in the technology sector.
This includes new energy car manufacturing, mobile phones, solid-state batteries, and Tengfei AI.
The four major sectors are advancing independently while supporting each other.
It is foreseeable that in another five years, Tengying Group is absolutely expected to become the largest private technology giant in the country.
Only two or three companies stand before it, such as Huawei and DJI.
Once it completes further research on solid-state batteries, Tengfei New Energy Cars will surely have a place in the global market.
If Tengfei AI further develops, it's only a matter of time before its Tengfei phones break into the global top five in the mobile industry.
With the joint advancement of the four major sectors, Tengying Group is bound to become the country's undisputed technology giant before 2030.
As for the custom-made world-class Tengying Cruise, it also took eighty billion as a deposit.
The total investment is as high as three hundred eighty billion, which will take five years to complete production.
Every year, sixty billion needs to be paid, and the rewards will come after five years.
As for the project between the two mountains, he plans to develop the country's most luxurious six-star hotel to serve as Tengying Group's first five-star tourism Ecological Park.
For this, he also paid one hundred billion as early development funds, with a total investment of about three hundred billion.
The remaining money this year, plus the profits in his wife's hands, has been completely spent on these two funds.
In the next five years, about one hundred billion will be paid annually, plus the promised donations, totaling two hundred billion altogether.
These are all fixed expenses, unavoidable.
Fortunately, his current funding situation has stabilized, and there won't be any major changes.
There is also no talk of risk.
"Uncle, Chairman Liu and his team hope you can lend three to five billion to help them complete this year's loan quota."
Xiao Le and her sister Xiao Ya are thriving at Golden Mountain, all thanks to his increasing investment amounts.
Tengying Group's influence in Golden Mountain is becoming more significant.
Elevating two insiders is quite simple too.
Banks, unlike other industries, have struggled annually to meet loan quotas since the real estate downturn.
Chen Pingsheng is a person who absolutely refuses to take loans, so to ask him to borrow money from banks, one can only approach Xiao Le and Xiao Ya to speak.
Only then is there a slight possibility; otherwise, why would he let you earn interest money?
As long as he wants to, he can borrow a few hundred billion from anywhere.
It's difficult for broke people to borrow money; for wealthy people, others are eager to offer it.
That's the difference.
"Forget borrowing money; your uncle hasn't reached the point of needing to borrow."
Alright... While the answer was expected, Xiao Le still felt quite proud.
"Uncle, are you sure you won't attend the year-end Golden Mountain Entrepreneurs' Conference?"
"There's no need; if I go this time, it'll be endless meetings, so I'm too lazy to go to any."
After Xiao Le left, Chen Pingsheng called his elder sister Chen Yao over to introduce a couple of matchmaking prospects for Xiao Le.
One is the youngest son of Hangcheng's Party Secretary, and the other is the son of a deputy provincial official.
Marital alliances have existed since ancient times; it just hasn't been publicly acknowledged nowadays.
Xiao Le can seek such a family alliance mainly because of his full support.
It's something ordinary people can't even imagine.
He's very cautious in choosing an alliance partner, ensuring it's worthwhile from all angles.
Firstly, family background is a must; secondly, the political stance, and finally, character.
Missing any of the three is unacceptable; with a poor family background, there's no chance at all.
A wrong stance can't be explained, only understood by those who know.
This point is crucial.
Character determines how far one can go.
Adding these three together forms his basic criteria for selecting a nephew-in-law.
As for whether Xiao Le herself likes them, it's not very significant, as many feelings develop gradually.
In ancient times, marriages were arranged by parents and matchmakers, often without meeting beforehand.
Once he finds the right match, he'll arrange a meeting, which should be a joyous occasion for the family.
As for another significant matter, it seems like Little Third, Chen Lu, got into a fight again.
Saying he fought is a compliment; this time, he was just passively beaten.
All those action movies he watched as a child were for nothing.
His inherent nature remains very honest, which worries his mother, Yanxi; with such a personality, it'll be hard for him to inherit the family's tech enterprise when he grows up.
When Little Third gets beaten, it used to be Su Xiaoxi standing up for him, but now it's his elder sister Er Piya.
In Er Piya's eyes, bullying your younger brother doesn't exist; if she can beat you, she'll press you down immediately, and if she can't, she'll scream for backup if you dare to hit him.
Er Piya has always been good at bullying her brother, and she's equally protective of him.
She doesn't question the reason for the fight; whoever hits her brother, she hits back.
The little girl is already in the sixth grade, and she has no sense of restraint, beating that little guy until he squats on the ground, crying loudly.
This young lad is a second-generation wealthy kid, though not overtly so. When his mother saw Er Piya's display, she didn't dare utter a word.
She grabbed her little boy and prepared to apologize, while Song Yanxi, always reasonable, apologized first after understanding the reason.
It's just some silly squabble between kids.
What really worries her is Little Third Chen Lu's timid nature.
"Erya, your brother is so timid; isn't there a way to fix him?"
Grown-up Er Piya hasn't changed one bit; she's just the same as when she was little.
On the path of fearing death, she gets farther along with increasing wealth.
"Does he really need fixing? A couple of beatings should do the trick."
"Your mom couldn't bear to hit you when you were little, so how can she bear to hit your brother now?"
Er Piya fell silent, knowing that continuing the conversation would be digging her own grave.
After everyone got home, Song Yanxi tried various ways to help Little Third Chen Lu become braver, to no avail.
It seems as though he was born this way, and can only remain so.
When Chen Pingsheng came home, the family was still discussing Little Third's education issues for the future.
Chen Lu is already seven; time really does fly. In a few years, he'll be in junior high like his sister.
With his circumstances, he'll have no trouble finding a girlfriend in the future, unless he's too honest.
Wait until next year; come next summer vacation, Chen Pingsheng plans to make special time to guide him.
He can't remain this honest forever.
Time rolls on gently, and suddenly it's mid-November.
The film industry took decades to reach a few hundred billion in box office revenue, while short dramas have achieved this in just a few years.
In a few more years, it might even surpass the trillion threshold, a figure that the film industry could never reach.
It can only be said that the film industry, including the drama industry, has consistently regressed these years, far from the times of Jin Yong's wuxia and the coal boss investments, which were more appealing.