Chapter 264: Meddle
Magic City
Bright lights, a night of colorful illusions.
The nickname "Sleepless City" might trace back to before the Republican Era.
Chu Qiuyan, dressed in a thin suit for work, boarded the cruise at The Bund with her college roommates.
Zhao Feifei, Han Jia, and Xu Qin.
The earliest four owners of Bobo Milk Tea, also a university roommate group.
Just a year or two had passed, and their life paths had greatly diverged.
Zhao Feifei acquired some shares and achieved financial independence.
And Chu Qiuyan was even more needless to mention, an absolute idol of ordinary college students.
A goddess-like figure.
As for Han Jia and Xu Qin, they both left with millions at the beginning. Continue your journey with empire
They thought they had made a great deal, only to realize later that they had missed even greater opportunities.
The four, although standing on the same cruise ship, were implicitly centered around Chu Qiuyan.
"Qiuyan, the big boss treats you so well, he even lets you handle the June recruitment in Magic City," one said.
"Yeah, Uncle Chen's thoughts are not something we can guess," another replied.
Chu Qiuyan said with some emotion, "The group, because of me alone, got stuck in a rut for two months; now, finally emerging from the haze, the principles remain unchanged. Maybe it wasn't me who was wrong, but the times."
No one understood Chu Qiuyan's suffering over these two months better than Zhao Feifei, who said, "You shouldn't have spoken about those things in Capital City, Magic City is much better, even though the air is filled with the smell of money, at least there's more freedom."
"This city, despite being the Ten Li Foreign Market, endlessly prosperous, Uncle Chen has always managed to stand firm, the equal of anyone."
"We are born in the best of times, which may also be the worst of times, who can say for sure?"
After sighing again, Chu Qiuyan was surprisingly recognized by a few college students nearby, who came over asking for a photo together.
The joy was written all over their faces, thrilled to meet the university's pioneering goddess of entrepreneurship at The Bund.
Who wouldn't be excited?
Chu Qiuyan smiled gently at them as she used to.
All the way down, it was all about taking photos.
...
The next day, it was already the end of May.
With nothing much to do, Chen Pingsheng drove the big Phantom to Xin Teng Live Streaming, where Chang Fu worked.
His wife, Yang Qian, had given birth almost a month ago; Chang's father and mother were now at home taking care of their daughter-in-law and grandson.
Chang Fu himself was also promptly off work every day to go home and take care of the child, becoming a father at almost thirty-five.
Family and career, both had to be managed.
Xin Teng Live Streaming had headquarters not only in Magic City but also in Capital City, Guangzhou, and Sha City, among many other places having centers for internet celebrity live streaming.
Female broadcasters under the Xin Teng guild now numbered over a thousand.
There were more than ten top broadcasters with followers over ten million.
Three of them had even been eliminated from the trainee competition.
Watching the rapid progress of Xin Teng Live Streaming, Chen Pingsheng always felt that live-stream commerce was just getting started.
Short videos were also bound to see even bigger opportunities.
The growth of Xin Teng Live Streaming was so rapid that even Chen Pingsheng, who had always pursued fast-paced developments in traditional industries, found it somewhat unbelievable.
If this industry continues to develop like this, the future is unpredictable!
When the big boss arrived, the famous internet celebrities of Xin Teng Live Streaming were thrilled.
Qiao and Mingming, known for their looks and dances, even served him tea and water.
Chang Fu asked them to sit aside as he and his buddy had far more to discuss.
"Old Chen, I seriously doubt that investing over a hundred billion in new energy is an unrewarding task. Look how hot the live streaming industry is!"
It was no surprise to Chang Fu, as if talking purely in terms of money-making, no other part of the group, except for Water Cloud Space and Tengying Entertainment, could compete with him.
The key was that Xin Teng Live Streaming requires less investment and yields higher benefits.
How much money was invested initially? Tong Zelan took nine billion to buy 30% of the shares.
In less than two months, they made a direct profit of seven billion.
Indeed, no one could compare to him.
Chen Pingsheng smiled and said, "I've noticed that you've gotten a bit inflated, buddy. Don't forget your own last name just because you've made a bit of money."
If someone else had said this to Chang Fu, he would have surely sent them packing right away.
Chen Pingsheng said this, he definitely wouldn't.
The main reason is Old Chen himself, who is becoming more low-key the richer he gets.
If he wanted to show off, it would be absolutely effortless.
"Of course, there's a bit of that inflation."
Chang Fu made him some tea, "You don't know this industry, it's completely dominated by the youth. If you had to choose the fastest way to wealth in the country right now, I'd definitely say it's short videos. Look at those young people online, gaining fame from a song or a dance overnight, earning millions in just one night of live streaming—unthinkable in the past."
"Indeed, unimaginable."
Chen Pingsheng said, "The reason I came here this time is to tell you something. Last year I met someone who's also venturing into short video platforms. He's making rapid progress in news and information distribution. His platform is still in public beta, expected to officially start marketing in September this year."
"Who is this person that you hold in such regard, to specifically come here to inform me?"
Chang Fu asked with curiosity.
Chen Pingsheng replied, "Zhang Yiming. When he was fundraising, he valued his company and the project at seven billion US Dollars. This guy is pretty formidable. I've heard that around September, he will officially launch his short video app, which is currently known as TikTok."
"Zhang Yiming?"
Chang Fu thought for a long time, but couldn't recall where he had heard that name.
Since Old Chen personally came to warn him, it must be something to pay attention to.
"Old Chen, what do you want me to do?"
"Of course, it's to allocate a team in advance to get ready."
Chen Pingsheng said, "Remember when I first invested in your Xin Teng Live Streaming? I actually didn't think it had much potential, but it turns out I was wrong."
"Some things are like that. When you don't quite understand them, just throw some resources in and see how it goes; there might be a pleasant surprise."
"This yet-to-be-officially-launched TikTok will have the same, its biggest competitor will definitely be your current Kwai Group."
"Although Xin Teng Live Streaming has been growing with the Kwai platform, have you ever thought about what will happen after TikTok is launched? The two companies will inevitably clash."
"Even though the current Kwai platform, whether it's user registration or overall size, is far beyond what Zhang Yiming can aspire to, what if he wins?"
Chang Fu grinned and chuckled, "Old Chen, are you suggesting I play a double game, putting my feet in two boats?"
"The big platforms will fight; that's their business. We need to be prepared to not be eliminated by the market."
Chen Pingsheng said, "At the start, TikTok won't be able to compare with your current Kwai in user size, so don't use Xin Teng Live Streaming's name to attempt to stake a claim there. If Kwai notices, it could affect your platform's traffic, being the number one live streaming group jumping to another platform."
"Therefore, I plan to set up a new company focusing on live streaming development on TikTok, you'll still hold 20% of the shares, not under your name. I'll register a shell company with you in Xiangjiang, and use that company to progress on TikTok."
"Same old saying, whether there are jujubes or not, first set up a small company, throw some resources in and hit it a few times and see."
Chen Pingsheng is still reliable in handling affairs.
He owns Tengying Entertainment, holding a small half of the entertainment industry's resources.
As this platform emerges, he'll push with Tengying Entertainment's resources.
Who will be his rival!
When it comes down to it, he is now big capital himself.
He wants to use your platform to make some money; initially, he will certainly provide you with traffic resources.
If it takes off, everyone wins.
If not, it's just a small loss.
Compared to potential earnings, that's nothing really.
Once short videos really take off, Penguin will definitely want to get involved.
When the internet giant steps in, he'll follow the same formula.
The reason he wants to separate Xin Teng Live Streaming is mainly that big platforms won't allow two-timing during conflicts.
They sure would be forced to adopt an "either-or" policy.
Didn't Penguin and Alibaba always do it this way when they were battling?
Planning ahead is crucial to tap into the traffic bonuses first.
Chen Pingsheng's early strategizing primarily lies in the fact that live streaming to sell products is one thing.
The key is it captures user time.
This is crucial.
Whoever controls user time on mobile, controls the traffic.
The significance of traffic goes without saying.
Once he occupies the traffic in the short video domain, pushing a brand to popularity in the future will be a breeze.
It can only be said that his calculations are indeed very shrewd.
Before Tengfei emerges, he must thoroughly strategize.
Winning from the start allows one to sit back securely.