Reaching the age of thirty, my income randomly doubled-Chapter 773 - 580: Before Relocation

Chapter 773 -580: Before Relocation

Speaking of Chang Fu’s entrepreneurial scope, it’s still much broader than Gao Hu’s.

He doesn’t have a fixed profession, nor does he need to confine himself to a single industry.

This is fundamentally different from Gao Hu working as a chef.

But Chen Pingsheng has heard about Gao Fu’s situation as well.

That old friends restaurant has blown up, and now they’re planning to open two massive branches.

Old friends is different from Fei Yangyang; each store requires an investment of over 30 million, making them specialty mega-stores.

Chang Fu wants to open a traditional Chinese medicine therapy center, and Chen Pingsheng is quite supportive of the idea.

However, Chang Fu isn’t in a rush to start his venture. After all, he’s not fully confident in this field.

He still needs a few months of field research before making a formal decision.

On the other hand, his wife, Song Yanxi, is facing some troubles. Water Cloud Space’s Splendid Night has been running for years, and this year’s results are still quite decent.

But the two-year term of Water Cloud Space Academy has ended again. The old employees here are all very settled, with hardly anyone considering leaving, yet a huge batch of new recruits needs to be brought in.

Staffing has been stretched beyond capacity, making her the only one in the sector facing this problem.

After years of expansion, Water Cloud Space has already opened stores across all major first-tier cities.

In second-tier cities where consumer spending is relatively lower, there’s no need to consider expanding.

It doesn’t align with Water Cloud Space’s overall positioning.

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He rarely discusses this side of things with his wife anymore, mainly because Water Cloud Space is already very stable, and there’s little necessity to talk about it.

Meanwhile, Song Jun and Zhang Sitong’s Chinese fast-food business is doing pretty well.

After Song Shuiqing married into the Tang Family, her short-video management company has performed decently too.

However, her husband’s real estate business is facing significant issues. Not long ago, they even hoped to borrow 800 million cash from him, with an annual interest rate of 10%.

He turned them down. Chen Pingsheng’s advice was simply to liquidate inventory and recover cash quickly.

Holding onto those unsold properties is a surefire path to failure.

This is entirely different from his Golden Mountain headquarters.

The Tang Family has managed its real estate business relatively steadily in recent years, with not-too-high debt ratios.

But as soon as property prices start slipping, all these developers have to tighten their belts to get by. Whether they can survive this storm depends entirely on how strong their foundations are.

Speaking of the property market downturn’s impact, it’s much larger than one might imagine. Many of Water Cloud Space’s wealthy customers are starting to cut back on spending.

Moreover, countless older women have diverted money formerly invested in real estate into buying gold.

It’s essentially a gamble that international conflict is imminent in the near future.

If war truly breaks out, gold becomes hard currency, functioning better than anything else.

The price would skyrocket off its current base.

Stockpiling gold is far more practical than hoarding antiques. The antique market’s status quo can only be described as dire.

The future might even see a drastic crash.

Even just these two trends reveal how wealthy individuals are predicting the shape of the future economy.

Days pass quietly, and before long, it’s mid-November.

At least half of Tengying Group has relocated to Golden Mountain headquarters, and the consolidation over there is happening fast.

In another half a month, even he himself will be moving there.

Chen Pingsheng doesn’t really have strong feelings about it—recently both Liu Yifei and Zhao Liying have visited him.

It’s been quite a while since he last chatted with his roster of top-tier actresses. Among these women, apart from Zhao Liying who gives off no ulterior motive vibes, both Liu Yifei and Yang Mi still have their ambitions.

To be big-time celebrities, a woman must withstand the scrutiny of the camera, and their looks are undoubtedly top-notch.

Especially after years of being household names.

Yang Mi’s career drive isn’t as strong as it once was. Wait a few more years, and the Tengying Entertainment stock options she holds will officially mature.

By then, as long as Tengying Entertainment maintains its current market value, cashing out on these shares alone would net tens of billions.

This is the reward for her decade-long contributions to Tengying Entertainment, a promise he made long ago.

The entertainment industry, on the other hand, continues to suffer from the impact of short videos and micro dramas. Its days are only becoming harder.

These shifts don’t affect top-tier actresses like them, but for lower-tier traffic-driven celebrities and underwhelming talents, the impact is anything but minor.

This year, among the high-profile dramas invested in by the BAT platforms, only one boys’ love storyline went viral; the rest sank without a trace.

The boys’ love genre itself is arguably a toxic element of web culture, commonly adapted from particularly well-known novels online.

The original novels are about male-male romantic relationships, targeted mainly at a certain group of brainless fangirls.

When he saw this genre blow up, he filed a report immediately.

It’s not enough to keep churning out brainless idol romances—now they’re doing male-male romance?

Seeing two men holding hands walking down the street would gross him out.

The key point is how ridiculously popular this trope has become. Isn’t that absurd?

This is textbook garbage literature.

He’s practically the justice warrior of the entertainment industry, feeling no hesitation in filing reports against situations like these.

Even if people know he’s behind the reports, no one dares to take their frustration out on him.

He’s vastly different from someone like Hu Lin—when he reports something, it’s about improving the entire industry.

Hu Lin, on the other hand, is just like a school’s troublemaker ruining everyone’s rice bowl.

Over the years, among all the actresses, the only one who has maintained exceptional career focus is Zhao Liying.

She genuinely loves acting and sees it as a lifelong dream.

Many others are in it just for the money, which marks a fundamental difference.

These days, Chen Pingsheng almost never deals with entertainment industry matters. Even when Bai Xin comes to report the situation, his understanding is minimal.

He just doesn’t have the free mind to bother anymore. Everything has been stable for years.

Barring major upheaval, the stock value will remain steady at 80 billion or above—that’s already impressive enough.

Don’t be fooled by how glamorous stars look; the entertainment industry’s scale is only this big.

The idea of growing to thousands of billions is completely unrealistic.

In 2018, the total domestic box office revenue was 60.9 billion, half of which Tengying Entertainment contributed to.

It reached 24 billion, firmly establishing itself as a behemoth in the industry.

After deducting production costs, the company’s net profit was less than 3 billion.

There were numerous losses in the mix as well.

Thinking that such limited industry scale could produce a company worth trillions is mere fantasy—it’s akin to mimicking Bitcoin, where major players trade solely among themselves.

Chen Pingsheng wouldn’t ever take that route. He only holds a 10% stake in Tengying Entertainment.

Not exactly much.

It was afternoon by the time Chen Pingsheng drove home; he no longer drives his Rolls-Royce.

Its image has increasingly become synonymous with influencer culture, essentially ruining its prestige.

That said, Rolls-Royce’s primary customer base is now concentrated among influencers.

This demographic buys Rolls-Royce vehicles more than anyone else.

Plenty of people in this crowd love leveraging Rolls-Royce to craft personas, pulling every trick imaginable to gain fame.

While moderate behavior is fine, some actions blatantly cross the line—like faking car crashes involving Rolls-Royce and presenting themselves as virtuous socialites.

Such antics completely disregard the police; it’s textbook fraudulent behavior.