Chapter 573 Throwing a Building

After Chen Pingsheng called Song Yanxi, he arranged for the Tengying Fund on Wall Street to start cashing out.

The cash out amount was 1.65 billion US dollars. If it was placed on an ordinary company, such a large amount of cash out would probably cause the stock price to crash.

For Apple, it would just be a little bit of water, and it wouldn't even cause any movement.

After thinking about it, Chen Pingsheng decided to increase his position in Nvidia again. If it could also rise to a market value of one trillion US dollars, then this investment would make a lot of money.

His wife only had 0.5% in total, which is 0.5% in total.

Chen Pingsheng spent another 750 million US dollars and increased his position by 0.5%, which is 1% in total.

He only speculates in the long term and will not consider those short-term stocks at all.

That is to say, after buying, if there is no accident, it will not be sold again for at least three years.

The remaining 800 million US dollars will all be transferred to the Tengfei New Energy account, and this money is expected to last for two months.

Tengfei New Energy's current reputation is actually very good, but new energy vehicles are not widely accepted in China.

It will inevitably experience long-term losses, and the same is true for the batteries of Tengde Times.

As the undisputed largest battery factory in China, it will explode whenever new energy explodes.

After several years of research and development, solid-state batteries have achieved certain results, but not much, and still need a group of top R&D teams to work day and night.

This was expected at the beginning of the investment, and there is no rush.

Any major technological breakthrough requires a long struggle.

It cannot be achieved overnight.

In addition to Tengfei New Energy, Chen Pingsheng really doesn’t have much to spend money on now, and he can earn 40 to 50 billion yuan in fixed dividends every year.

This can’t be spent at all, even if the big kid and the second kid mess around.

When the money reaches a certain level, it is really for the ideal.

No matter what he does, he wants to create a world-class technology company.

While improving the level of the entire Tengying Group, he must also improve his status in the domestic business community.

This is also very important.

July passed very quickly, after Chen Pingsheng took his team to visit Kingsoft headquarters.

He cashed out his wife's Apple shares and added another 750 million US dollars of Nvidia.

After owning a total of 1% of the shares, he also gathered the research and development funds for Tengfei New Energy in the first two months of 2020.

He didn't touch the other shares in his hands, and he always felt that it was not the right time.

Whether it was Meituan, Pinduoduo, or Tesla, it was not the time to cash out.

It is worth mentioning that the big penguin, who became one of Tesla's major shareholders like him at the beginning of this year, cashed out 5% of Tesla shares in full.

Chen Pingsheng planned to wait for another two years. He must have known that the new energy market was only in its infancy after he had worked in new energy.

He hadn't even seen the door to take off yet, so it was obviously too early to cash out Tesla now.

He was going to wait for a few more years.

Anyway, there were too many assets that could be cashed out, and there was no need to touch these high-quality stocks at all.

After thinking about it, Chen Pingsheng was also going to cash out the headquarters building of Shuiyunjian in Magic City, including the headquarters building of Tengying Entertainment in Beijing.

The reason for cashing out is that the housing prices are no longer stable.

As a businessman with a keen eye, it is normal to cash out at high prices and take over at low prices.

There is no need to keep the money in it when you know that the market is not good.

After the Jinshan Forest Headquarters, these buildings will not be of much use in the future.

Because it is still early to buy, it can still make 700 million to 800 million by cashing out now. If you wait a few more years, you may not be able to keep the principal of 1.9 billion for the two headquarters buildings.

Not only that, he is also preparing to cash out the Xiangjiang headquarters.

A large number of staff are concentrated in Guangdong. The Xiangjiang headquarters is actually very small in use. It is best to rent someone else's in the future.

It is naturally better to buy when the price rises, and it is cost-effective to rent when the price falls.

Chen Pingsheng has calculated clearly that with the completion of the Jinshan headquarters, many headquarters buildings in other places will have no use.

Instead of leaving it there and waiting for depreciation, it is better to sell it early and make a few billion in pockets.

He did it right away and began to send out information about the sale of the three buildings.

Those who can afford his headquarters building must be strong, and they are basically acquaintances, or they are in the same circle.

Especially the Hong Kong headquarters building, he spent more than 10 billion Hong Kong dollars when he bought it.

Now the selling price is at least 12.5 billion.

If he keeps the storefronts, he can earn his own rent. Once the market conditions are bad, the daily decline of these buildings will be a considerable amount.

It is normal to lose tens of thousands of dollars a day. He really doesn't need to waste it.

Selling a building is not a simple matter. Those who can buy it actually know that the turning point of the real estate market is coming.

It has been raising prices to reduce inventory for many years. Those who can sell have already sold it. Those who can't sell it can only think of other ways.

Hong Kong's richest man Li sold it in a big way when the price increase and inventory reduction just came. Although he made a lot less money, he also left the most smoothly.

At that time, there were many buyers, but now it is different. There are very few buyers.

Those who can still run away smoothly are really good.

Chen Pingsheng was not in a hurry. If he could sell it, he would sell it. If he couldn't, he could only wait for the price to drop.

Anyway, it was impossible to sell something of this value through an agent. The information could only be spread among the rich.

Someone in the Hong Kong headquarters soon asked about it. It was a tycoon he knew. The other party offered 20% off the original price, which means he only offered 10 billion for the original price of 12.5 billion.

This takes into account the decline in the next few years.

You are so smart, so why should I sell it to you?

Chen Pingsheng refused without hesitation. He could bargain, and the bargaining space was 95% off.

It's up to you if you want it.

He is not short of cash, so why should he give it to you at a 20% discount?

Old Wang, who is short of cash, has been selling his high-quality assets at 50% or 60% off or even lower this year.

Chen Pingsheng definitely doesn't need it. He has money and is very tough. There is no way to get a bargain from him.

First, put these three headquarters buildings on the rich circle. It would be best if they can be sold out before the end of the year. If they can't be sold out.

That would be a real loss.

The market situation changes as soon as it changes. Since the beginning of this year, except for a few rich people, most people have begun to turn conservative.

Even the real estate big brother Vanke kept shouting "survive, survive, survive" during the meeting.

Just from these three words, it can be seen that Vanke is extremely pessimistic about the future real estate situation.

Let alone expansion in the future, surviving is a victory.

Only Xu Daibei, after the real estate boom died down, actually called out the slogan of investing 300 billion in new energy vehicles.

He also wants to be a world-class leader in 2025, or even the largest automaker.

If he can do it, Chen Pingsheng will never believe it.

This guy is typical of someone who can't continue with one story and starts to sing another one.

It's a pity that even he can't remind the rigid-need users who still buy Daibei pre-sale houses.

There are too many things involved in real estate, and no one dares to take the initiative to break this layer of paper.

That's not being a hero, but purely courting death. (End of this chapter)