NOVPUBEr Piya and the spoiled brat.
One after the other, they have to complete their commercial training within their own companies.
For people like them, born into such privilege, the cost of trial and error is quite high—unless they’re hopelessly foolish.
The significance of continuously learning from mistakes is absolutely beyond imagination.
Chen Pingsheng merely provides the money; everything else is up to their own choices.
Whether it’s making wine or opening a massive snack shop, he doesn’t interfere much.
...
Time passes; by the end of June 2021.
The Tang Family, who hadn’t contacted him for over half a year, finally came knocking again.
Unfortunately, he had already made an offer last year and wouldn’t make another this year.
The current state of the real estate industry can only be described as precarious. Just look at Xu Pidai’s Hengda—still under pressure to deliver completed buildings.
This is their final chance.
The impact brought by Mr. Pidai is unquestionably dreadful; were it not for certain suppressions, short video platforms would likely be flooded with endless lamentations.
Buying a house and not receiving it—that’s undeniably tragic.
Early in the year, there were even small batches of viral unfinished construction videos.
Now they’re completely gone, without a doubt suppressed, or prohibited from being published altogether.
While the Tang Family isn’t entirely done for, merely surviving is considered commendable. By this year, even their freedom to go abroad has been heavily restrained.
Speaking of freedom curtailed—classic case.
As for those smaller real estate operators, being alive is already a blessing.
Chen Pingsheng once again approached Wanda’s chairman, proposing a full acquisition of all offline Wanda Plaza locations.
This negotiation lasted three whole days, but they still couldn’t come to terms on pricing.
The Wang Family insisted on an $180 billion valuation, while he was willing to go no higher than $120 billion.
The reason for attempting to acquire Wanda Plaza was threefold: first, to bolster Tengfei New Energy’s offline sales network.
Second, Wanda Plaza is still considered a high-quality asset, with exceptionally stable annual rental incomes.
The third and most important reason—Wanda’s brand resources are incredibly varied.
This would hold enormous significance for his subsidiaries like Teng You Media, Tenghui Department Store, and Tengying Entertainment.
It can be said that once he successfully completes Wanda Plaza’s full acquisition, the stock prices of these affiliated companies would soar dramatically.
Their potential value would increase by a couple of figurative floors.
What a pity.
The Wang Family has also been suffering from a severe financial shortage in recent years. Wanda Business Management, their core asset, is still striving for a public listing.
Only if this asset’s listing fails might he have an opportunity.
As for those who came to him asking for acquisitions, he has completely ignored them.
The cash he can mobilize is shrinking, so he must spend it where it matters most.
This crisis—who knows how long it will last—he feels helpless and disheartened.
Days flow on... another year passes in the blink of an eye.
The spoiled brat’s wine business got off to a roaring start; they even purchased a vineyard in France.
Various celebrity endorsements, short video promotions, and an overwhelming online PR campaign still couldn’t prevent its disastrous failure.
The core reason was chaotic internal management within the group.
Frequent embezzlement incidents kept popping up, and the marketing strategies changed daily.
It can be said that nearly every possible mistake leading to failure—she stepped into each one.
No clue what her father or mother were thinking, giving her $500 million in startup capital, not to mention unlimited access to group resources.
But in terms of advice or personnel support? Absolutely none.
This resulted in a red wine project with over $400 million investment and not a single senior executive dispatched from Tengying Group.
The entirety of the operation relied on this eighth-grade girl fumbling her way forward.
Online platforms even compiled lists analyzing the reasons for the failure of celebrity-endorsed wine ventures.
Many people treated it as a joke, happily posting their opinions online.
Insiders understood, though: this was just a practice project gifted by Tengying Group to his daughter.
Failures were to be expected. If it hadn’t failed, it would mean Tengying Group had intervened directly.
Chen An’an, meanwhile, spent this year focused on her studies and running Anle Group’s wine business.
Her first venture resulting in a loss of over $400 million dealt her a significant blow.
As for Er Piya, her massive snack shop opened with fervor at first.
However, once they expanded nationwide, it necessitated an optimized supply chain and stellar team management.
No doubt, Chen Pingsheng provided money and resources but refrained from dispatching senior executives to oversee operations.
Such a move would defeat the purpose—everything had to be explored and executed independently.
The final outcome mirrored her sister’s: the massive snack shops began shutting down one after another.
Within just one year, she had drained $300 million from the family.
Unlike her sister, however, she didn’t seem much affected by the failure; for her, running a company was like playing a game.
One round failed? Time to start a fresh one!
Another year flies by; days roll on to June 2022, summertime.
The spoiled brat didn’t manage to test into Magic City’s top high school purely on her own merit. She settled for admission into a second-tier Magic City high school.
Chen Pingsheng wasted no time transferring her to the city’s best institution. Meanwhile, Er Piya was about to enter fifth grade.
The family held a meeting, urging the sisters to reflect thoroughly on the reasons for their failures.
Er Piya said: "Dad, I have to admit, though I’m exceptionally gifted, with outstanding grades and unparalleled intellect..."
"Just get to the point about what comes after; don’t start with another round of praising yourself."
That’s just how Er Piya is—every time the meeting calls for her to critique herself, she inevitably begins by showering herself with compliments.
