Reaching the age of thirty, my income randomly doubled-Chapter 884 - 667 Xiangjiang Convention and Holiday

The evening before the high school vacation.

Chen An’an also saw that ridiculous viral news in Magic City at school.

Anyone who feels a surge of excitement about this kind of hype is usually an outsider.

Even those sitting at the kids’ table—locals would only look on disdainfully, sneering.

Take Chen An’an, for example—a car worth a few million is nothing but crap to her.

The real top-tier billionaires are playing with private jets and superyachts worth billions.

And let’s not forget, foreigners visiting Magic City for tourism typically aren’t struggling financially either.

Just like those domestic students going abroad for education or frequent foreign trips—whose family doesn’t have assets worth at least tens of millions?

The truly wealthy elite despise flaunting wealth. It’s the broke ones or those who’ve suddenly struck it rich that crave showing off.

This isn’t even shocking—it’s just fodder for laughter at their expense.

Her dad had even purposefully waited for her this winter break to take her to Xiangjiang, just to attend Tengying Group’s global shareholders’ economic summit.

Anyone with a seat at that meeting manages no less than forty or fifty billion in assets, so naturally, they wouldn’t be discussing trivial matters.

It could be called a significant transitional conference in the post-pandemic era.

The school break was approaching. After completing her first semester of high school, besides making a few new friends and classmates, she hadn’t gained much else.

The knowledge taught at school was far less insightful compared to what her father exposed her to.

On the day vacation started, she immediately took the dedicated car arranged by her family to Magic City Airport.

From there, she joined her father and boarded their family’s seven-billion-yuan top-tier Air One jet headed for Xiangjiang.

Traveling with them were her younger sister, Er Piya, her younger brother, Chen Lu, and her mother, Yanxi.

Also tagging along were her personal secretary, Shen Youwei, and Tang Jing.

Besides their family, others attending the meeting included some of Tengying’s earliest global investors and the director of the Economic Research Institute.

The meeting wasn’t held at their own home, nor in an office building, but in a top-tier private clubhouse in Xiangjiang.

Chen Pingsheng had shelled out over three billion yuan to buy that venue specifically to host friends, family gatherings, and meetings.

Everything inside was highly confidential, with every imaginable entertainment facility accounted for.

The theme of this meeting was straightforward—first, they affirmed the prior industrial integrations.

Then, based on the integrations, they brainstormed specific and rapid methods for deeper synergy.

And this was just the discussion segment on capital management.

Another segment focused on the post-pandemic era. Although the pandemic was over, the economic decline was undeniable.

In fact, the whole world was facing serious challenges. freeweɓnovel.cøm

And in such challenging times, how could new opportunities be found?

Additionally, there were two other concerns—one being a broader industrial strategy for global economics.

The other was the major upcoming advancements in artificial intelligence technology.

In the realm of capital games, these players were seasoned; each had their unique strategies, and overall, they played exceptionally well.

Then there was foreign trade and exports. Future restrictions were inevitable, and setting up overseas factories was critical—Tengfei New Energy had already begun such construction as early as 2022.

What they needed now was a strategy to sell effectively in overseas markets.

Global investments were also imperative. Domestic industries, weighed down by the real estate sector, were largely in decline.

But in some less developed overseas regions, industries were on the rise, resembling China’s situation back in the 1990s.

Those regions were in their initial Tengfei (takeoff) stage.

As a major global multi-industry capital conglomerate, Tengying Group had to target such potential overseas opportunities.

The National Dream Fund, unsurprisingly, was also preparing to cross borders for investments.

Whether it was his own Wall Street capital, Tong Zelan, Shen Nanpeng, or the Economic Research Institute, they had all been scouring globally for prospects.

Such is the nature of businesspeople—buy low, sell high.

Chen Pingsheng himself planned to allocate no less than 30 billion yuan in 2023 for overseas investments.

Adding in funds from others, collectively they could easily pool a massive investment fund ranging from 150 billion to 200 billion yuan in 2023.

The goal would be to buy significant projects at low costs.

When it came to overseas projects, starting from scratch wasn’t the norm; rapid expansion was always about aggressive acquisitions.

Beyond this regular overseas investment, AI was distinctly identified as the core technology of the future.

In China, AI technology was barely in its infancy, like a toddler learning to speak, while overseas, it had already been researched for years.

Chen Pingsheng’s AI R&D spanned intelligent driving, artificial intelligence, robotics, and a series of other fields.

If he wanted to achieve rapid accumulation and technological supremacy in this sector, he had to not only build a solid base of patent technology.

The most critical step was executing global expansion overseas.

In simpler terms, it was about spending money to purchase technology—or better yet, acquiring technical teams outright.

Some overseas technical teams had developed impressive technologies, but, constrained by funding, many were struggling to survive.

This presented him with the perfect opportunity to directly acquire them along with their patents for a hefty price.

To some extent, many tech giants operated this way.

If they perceived your technology as a threat, they’d either buy you out with colossal sums or deploy legal weapons to attack you directly.

This was also why, in the early days, Chinese tech products had such difficulty venturing abroad—they were hemmed in by technological patents.

At the slightest provocation, lawsuits would ensue, leaving them with fines so burdensome it made them question their sanity.