Reaching the age of thirty, my income randomly doubled

Chapter 234 The Coming of the Young Age_2

In Magic City, the total investments amounted roughly to 1.2 billion yuan.This did not include the funds for purchasing the headquarters.

Chen Pingsheng had a phone conversation with Tong Zelan; they sold 40% of the shares of Water Cloud Space's Magic City branch for a total investment of 1.8 billion yuan.

The primary reason was to solidify Water Cloud Space's high-end network there.

There was no second reason.

It was mainly to reinforce the network.

If Tengying Entertainment hadn't sold 30% of its shares to those top investors, obtaining the qualification to independently release a film would have been very difficult.

When Water Cloud Space moved to Magic City, they had no connections. A single fire safety issue could shut them down.

It's not an exaggeration; anyone who has been in business would know.

After selling this portion of shares and allocating 20% of the profit-sharing rights to the management, his own share in Water Cloud Space in Magic City was also 40%.

The total investment was around 500 million yuan.

Tong Zelan was very clear about the profitability of Water Cloud Space; even if it never went public, this investment could quickly be recuperated through profits.

40% of 1.8 billion is 720 million yuan.

Adding that up, she also understood the real reason Chen Pingsheng was willing to dilute his shares, which was tacitly agreed upon without being declared.

There are many unwritten rules in domestic business; don't think about shattering them single-handedly.

One can only adapt.

Just like the current share sale, trading a portion of the stock equity to gain Magic City's local high-end network.

It could ensure that Water Cloud Space's operation here would definitely not encounter any out-of-market tactics.

That was the benefit.

After some financial maneuvering, he had over 700 million yuan on his side again.

This money belonged to his wife's side; the 500 million yuan allocated by Antler Coffee was from his wife.

Now that the money had been deposited, there were again 1.5 billion yuan in the account.

By June of this year, the first batch of interns from Water Cloud Space Academy were also set to graduate.

By then, there would certainly be a celebration for the first graduation ceremony at Water Cloud Space.

It could be said his wife was quite busy this year.

The big boss talked about projects worth several billion yuan.

It sounded close, yet felt incredibly distant.

Billions, a unit only deemed a 'small target' within their circle; once it applies to ordinary people, it truly becomes a lifelong unattainable dream of financial freedom.

Chu Qiuyan had lunch here before leaving; she still had to rush to Magic City to discuss setting up a joint re

After deducting all expenses and costs, they still maintained a 10％ net profit.

This was the earning power of Xin Teng Live Streaming, proving Chang Fu's idea to transition into and reinvent in the short video field was an unprecedented success.

Keep in mind that the number of registered users for short videos is still rising.

Going forward, it will only get stronger.

This is just the beginning.

Xin Teng Live Streaming has so many top anchors under its banner, all of whom will next enter the field of live commerce separately.

This single income item alone seems set to surpass the Tenghui Department Store built with billions.

This made Chen Pingsheng feel like he couldn't keep up with the era of the young.

Keep in mind that in the past, large, well-performing stores were very profitable.

Now, a small live studio can sell several hundred million in sales in just one night.

Keep in mind that the sixteen Tenghui Department Stores together barely make about ten billion in a year.

Contrasting with this, one can see just how big the gap really is.

It can be said that when the era begins to turn, even former giant corporations can be quickly eliminated if they don't adapt swiftly.

Clearly, a massive change is about to happen on the cusp of the short video trend.

Chen Pingsheng's task remains the same as before, to quickly embrace this era.

Fortunately, back then he adopted the attitude of believing in Chang Fu, thinking, "whether there are dates or not, first hit it with a stick."