Reaching the age of thirty, my income randomly doubled-Chapter 685 - 495: Discussing Cooperation

Chapter 685: Chapter 495: Discussing Cooperation

November, winter.

In Magic City, the temperature officially dips below 10°C. Pingsheng, dressed in a suit with a white lightweight down jacket over it, feels the warmth only after turning on the car’s heater when heading out to drop off the kids in the morning.

The first-grader Er Piya looks relaxed, completely unaware of what competition is.

Chen An’an, on the other hand, is resolute, determined to rank within the top twelve in her class this year.

Pingsheng also cheers her on. By the time he gets to the corporation, Chen Fan has already been waiting upright at the entrance.

...

After two divorces, this guy has taken a new wife.

Our third aunt didn’t pull punches, choosing a beautiful one for him.

The terms weren’t as high as the second marriage.

After much discussion, it was a pre-wedding bride price of three hundred thousand and a monthly living allowance of twenty thousand.

Plus, if she could bear the first child, she’d receive three million cash.

For two children, that would be five million—a substantial reward that would surely encourage beautiful women willing to bear children.

Chen Fan was extremely pleased with his new wife, taking her to stroll around The Bund after work every day, and might even buy her some gifts along the way.

This guy has the dumb luck of a fool.

Due to some special reasons, Pingsheng is obligated to take care of him for life.

It doesn’t cost much, considering Chen Fan’s father, our third uncle, often helped him in fights when he was young.

Whoever dared to bully him, the third uncle was always the fiercest to rush forward.

After patting him on the shoulder, Pingsheng smiles and steps into his private elevator.

Inside the top-floor office, his secretary Lin Qiunan has already organized all the work documents for the day.

She has also sorted out all the people Pingsheng is supposed to meet today.

In the morning, he is to meet with officials from two government agencies.

One is from Capital City, the deputy director of the Ministry of Electronic Industry.

This content is taken from fгee𝑤ebɳoveɭ.cøm.

The other is from the director of the new economic development zone in Guangdong.

The main discussion is about making Teng You Media a model company and, with Teng You Media as the core, developing a new short video live-streaming e-commerce zone.

In plain terms, the goal is to vigorously support new e-commerce ventures. Pingsheng chose to locate Teng You Media in Guangzhou because global trade there is the most developed.

Take, for instance, Western-style watches that can make you doubt life’s value at five yuan a piece.

Or bags for a few yuan each, presented in live-streaming rooms, easily making you believe they can’t be had for less than several hundred.

Only in Guangzhou would you realize how cheap these items truly are.

As for clothing, shoes, and hats, that’s another matter altogether.

Teng You Media, situated in Guangdong, can then play to its greatest strength.

Operating at Pingsheng’s level inevitably means dealing with various government departments.

The Ministry’s visit mainly involves a tour of Tengfei New Energy.

It’s no exaggeration that ever since the nation began heavily supporting new energy,

All kinds of ghosts and goblins have sprung up.

Many are just there to scam subsidies, but Tengfei has genuinely invested over one hundred billion yuan.

This deputy director is quite amenable, asking directly what support Pingsheng needs and offering to help out with any difficulties.

This is virtually impossible in other industries.

Only in the tech industry are the top-level chiefs not restrictive but even offer various kinds of support.

Mainly because competition in the tech industry is fierce, facing global-scale enterprises.

Pingsheng is very polite in declining, considering the scale of Tengfei, it’s still feasible to apply for tens of billions in subsidies each year.

It’s just that he has never asked for national funding, having his own wealth, why bother taking from the country.

Pingsheng and the deputy director from Capital City talk for over an hour.

Eventually, Pingsheng arranges for someone to take him on a tour to the Tengfei New Energy research and development center in Magic City.

When he meets Director Liu from Guangdong, Director Liu is blunt in saying that if Teng You Media pursues a domestic IPO, they can provide certain help.

The condition is the hope that Teng You Media will place all its subsequent major investments in Guangzhou.

Even within his district, to establish an industry cluster focused on short video live streaming and e-commerce.

Local areas, to foster development, will naturally aim to attract leading enterprises in their industries.

Pingsheng hesitates for a moment before agreeing outright.

He also announces an additional investment of two billion yuan to construct four new-style short video internet celebrity live-streaming e-commerce buildings around the headquarters of Teng You Media.

The money certainly won’t all come from him, he currently owns only 35% of Teng You Media.

He only needs to put in seven billion yuan according to the ratio, and the rest will contribute based on their shares.

After entertaining the director, he especially holds a video conference with the main investors of Teng You Media.

The meeting agenda is simple: Teng You Media will throw in another two billion yuan to buy land and construct buildings around the headquarters.

The reason for this investment is mainly to obtain local government support.

By providing IPO slots.

When it comes to the current state of short video e-commerce, it’s a mess.

In all the live-streaming rooms, there seems to be no such thing as advertising law.

That might still be manageable if not listed on the market, but once listed, maintaining such practices could easily lead to reports.

Without local government support, stock prices could crash within minutes due to such reports.

That’s what happened to Xin Teng Live Streaming. If it weren’t for letting Kwai’s founder, Du Hua, take a 20% stake,

Their top live-streamers would have been heavily fined to the point of breakdown.

Teng You Media is no exception; by contributing to the local area through tax support and job creation,

Once Teng You Media encounters any mishaps, the local side will assuredly be biased towards them.