Reaching the age of thirty, my income randomly doubled-Chapter 718 - 526 Global Annual Meeting

Teng You Media's IPO was like a deep-water bomb.

It was thrown into the entire domestic stock market, for the capital market.

In recent years, short videos weren't anything out of the ordinary, some missed out while others seized the opportunity.

Even programs like Tencent's Weishi, nurtured as a favorite child, were beaten down by TikTok.

These were all platform-level companies, but a top internet celebrity company like Teng You Media, which relied on developing internet celebrities early on and raced to an eighty billion valuation, caught many big capitals by surprise.

This also made numerous major enterprises see the opportunities in short videos, prompting them to encourage their employees to start online video accounts.

Dou+ launched by TikTok was also making a fortune during this time.

Consequently, the 3.5% stake in TikTok he held soared in value.

Dou+ was all about spending money to buy traffic, which meant the era of wild growth in short videos would soon come to an end.

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Initially, various ordinary people could become super-internet celebrities overnight through luck or some unique talent.

But during the mid to later stages, it all came down to the world of capital.

It was virtually impossible for those without money to dream of getting rich overnight through these grassroots platforms.

There might still be chances, but as capital continued to enter the market, the likelihood would become increasingly slim.

After the IPO, Pingsheng retained just a 21% stake in Teng You Media.

He was still the largest shareholder.

Teng You evolved from a startup to completing its IPO in just three years.

This speed was undoubtedly astonishing.

February 18, 2019.

Pingsheng held the Tengying Group's Global Annual Meeting for 2018 in Magic City.

It was both an outlook for 2019 and a review of the past year.

Looking back, Tengying Group faced countless market challenges in 2018.

After numerous reforms and adjustments, they were fortunate to have made it through.

And they confirmed a CEO rotation system, thoroughly changing the era when companies rise and fall with one individual.

At the same time, in 2018, they also initiated a massive headquarter layoff wave.

Regardless of the reasons, layoffs were a failing of the executives, including him as the chairman.

The root cause was that the competition of the era was becoming more intense; if not careful, Tengying Group could be facing elimination at any time.

Pingsheng stood on the stage, with over one hundred thousand Tengying headquarters employees below.

As of now, Tengying Group had a total of seven hundred and twenty thousand employees.

The pride was not in the number of employees, but in providing each of them with the five insurances and one housing fund, as well as weekends off and eight days off every month.

If this was all, it still wouldn't be a source of pride.

What was truly remarkable was that our group's employee salaries were far ahead of others.

That was what truly made a company proud.

Thunderous applause came from the audience, whether it was Chen Jianjun or Peng Ying sitting at the front, tears involuntarily flowed down.

How could they not be proud and elated, having such an accomplishment?

Even Er Piya was listening seriously at this moment, no fuss or noise.

"In the past, we selected one hundred excellent store managers each year and awarded them one million in cash. This year, as our stores grow in number, we will select two hundred excellent store managers, and the individual bonus will increase from one million to two million."

"Not only has the bonus for outstanding store managers increased, but the group has also added awards for most beautiful service staff, most beautiful headquarters grass-roots employees, and best mid-level managers."

Over the past year, too much had been earned. Besides the internal bonuses that had been set long ago,

Pingsheng personally gave out ten billion in employee rewards.

With such an enormous sum, some laughed until they cried.

Others cried until they laughed, all were outsiders working hard in the big city.

It's not easy for them, and at his level of wealth, it's indeed appropriate to be good to employees.

After all, without their hundreds of thousands of employees' hard work, there would be no glory for him in the public eye.

Ten billion! Even Chang Fu was stunned by it.

Most of the group's annual meeting time was spent distributing money.

Employees had slaved away for a year; could a group's annual meeting go on without spending and just listening to the boss's long-winded speeches?

The number of employees receiving bonuses was over a thousand, mostly grass-roots workers.

Another small part was middle management.

The least anyone received was a hundred thousand, and the most was two million.

This was separate from the company's annual bonus, a personal reward from Chen Pingsheng.

It was both encouragement and a way for them to start the New Year happily.

For this, he announced more exciting news.

"In 2019, I will personally award two hundred sets of apartments in Magic City to the most outstanding store managers, and one hundred sets of hundred-square-meter apartments to the group's mid-level management."

Tengying Group no longer belonged to him alone but was upheld by these seven hundred thousand employees.

By the end of 2019, apartments at the Golden Mountain headquarters will be completed; the Tengying High-end Community as well.

A hundred thousand in bonus might excite ordinary employees for a few months, but an apartment could excite them for many years.

He was no longer the street vendor he once was but had become a well-known entrepreneur across the country.

Having the ability, it was time to shelter some needy souls.

At least provide a satisfactory explanation to the internal employees.

This was also why Chen Pingsheng rarely donated money publicly; the Tengying Group had too many employees worried about bride prices and buying homes.

How could he give this money to those layers upon layers of exploitative and insatiable charitable organizations?

In 2019, Tengying Group aimed to expand its staff to a million.

And within their means, truly contribute to some traditional industries.

He spoke a lot and gave a lot.

The only thing he didn't mention was the group's target for 2019.

For the Tengying Group, it was simple; do the job well, boost performance, and there will be no end to bonuses.

Not just for executives, but for the most basic staff as well.

Don't worry that your contributions go unnoticed, like the new female employee at Antler Coffee.

She came straight from a mountainous area, new to everything, but treated her job and customers with the utmost sincerity.

She received the award for most beautiful outstanding service staff, with a bonus of three hundred thousand.

Spontaneous behavior from employees cannot rely solely on verbal encouragement.

The company's headquarters must treat every hard-working, excellent employee well. Only in this way can their market grow bigger.

This was also the main reason why Tengying Group's brands maintained the best reputation amidst intensifying competitive times.

Not taking advantage of their scale to bully customers, nor brainwashing employees through training.

Treat customers with sincerity, offer high welfare to employees so they voluntarily treat their stores or the company as their home.

In doing so, they surely won't be the most profitable on the market, but they will be the ones to last the longest.