NOVPUBA girl who spends hundreds of thousands to millions casually on a shopping trip—how could she be with a man earning only ten thousand a month?
Their values are worlds apart. Beyond the initial attraction, there’s bound to be a strong clash in mindset and values.
Chen Pingsheng is also reminding Xiao Le not to try to accept those ordinary men who are extremely mismatched to her status.
Her future can only follow the predetermined path, and her marriage partner can only be chosen by him.
Every move of a big family is no longer that simple.
Families like theirs appear immensely powerful, yet their foundations are still far from solid.
They must rely on marriages to bind themselves to more political resources.
Before others marry girls from such families, they investigate their past ten years of life experiences.
Having had an ordinary boyfriend in college is considered a stain.
Typical families wouldn’t care about such things, but families like theirs are incredibly particular.
Look at the Wang family’s only son, who was rumored to be linked romantically with the princess of Tencent, allegedly for a family alliance.
But Tencent squashed the rumor faster than a rocket, clearly showing no interest in him.
Anyone who has been involved with internet celebrities or stirred up scandals online has essentially lost their chance at marrying into a wealthy family.
Speaking of this year, one unexpected event was the plummet in NVIDIA’s stock price.
The 2% Nvidia shares he holds, which were worth $16 billion USD last year, have dropped to just $7 billion USD this year.
NVIDIA’s stock price has fallen by half compared to last year.
Now valued at just $350 billion USD, the decline of this stock alone resulted in a loss of approximately $9 billion USD for him.
Converted to RMB, that’s 63 billion.
That’s stock market investing—no one knows what tomorrow brings. He isn’t a perpetual winner either.
When losses come, he incurs them just like anyone else. Luckily, his scale is large enough that this amount doesn’t affect him significantly.
The key is he hasn’t cashed out yet, as he still believes NVIDIA will one day climb back up.
This summer brings another big event—the release of the highest-end SUV model under Tengfei New Energy.
The Longteng S900 is about to be launched.
Following one year of preparation and over 100,000 kilometers of testing and adjustments, it has finally come to its true launch day.
However, before the official launch, he still has several tasks to complete. One is to secure the necessary R&D funding for Tengfei New Energy in 2023.
Another is to prepare for the official opening of the North American mega factory.
This will likely be his last effort to pool funds for Tengfei New Energy. After 2023, Tengfei New Energy will achieve complete profitability.
Undoubtedly, this is a critical moment for the entire Tengying Group, as well as for himself, something they’ve anticipated for a full seven years.
Since its establishment in early 2016, Tengfei New Energy has required over 40 billion RMB annually for support.
Currently, the most valuable stocks he owns are 1% of Google and 2% of NVIDIA, which has now hit rock bottom.
Chen Pingsheng made a decision that no one could understand—he directly cashed out the steadily appreciating Google 1% stake.
Based on Google’s current stock price, the 1% share can be liquidated for approximately $15 billion USD.
Converted to RMB, that’s 112 billion.
The reason for this cash-out? Firstly, to fully cover Tengfei New Energy’s 2023 R&D funding needs.
The second point is more controversial: he plans to use the remaining RMB 72 billion to increase his holdings in NVIDIA.
Everyone else is selling, but he’s buying.
Based on NVIDIA’s current valuation of $350 billion USD, converted to RMB, that’s 2.4 trillion.
With RMB 72 billion invested, he could increase his stakes by roughly 3%.
Adding the existing 2%, that will make it 5%.
This truly means gambling all his cash on NVIDIA during its downturn.
He is firmly convinced that AI and artificial intelligence represent the future.
For this belief, he’s willing to bet over $7 billion USD. If losses continue, he’ll stop stock trading for five years.
If he profits, then he’ll decide what to do next.
Anyway, once Tengfei New Energy achieves profitability and Tengde Era goes public, his family’s pressure will disappear entirely. no𝚟𝚙u𝚋.c𝚘m
What’s left is figuring out how to build up the family’s foundation.
Among the domestic private enterprises, there are fewer than ten that truly outperform him.
And when it comes to cash reserves, there’s virtually no one better than them.
At the very least, he could withdraw over RMB 200 billion in cash at any time.
