Chapter 248 Spending Money Like Water
By late July, Magic City.
Chang Fu and Yang Qian still made it a point to visit Yang Kang every day.
They had moved into a modest two-bedroom apartment along the side of The Bund.
The home was just over ninety square meters, yet the price tag was over ten million.
When someone asks you what happiness is, the greatest joy for someone who doesn't own a home is definitely buying one.
Living in this international metropolis, having such a humble abode is undoubtedly a blissful and peaceful existence.
Zhang Cuicui had almost fully recovered, and she had prepared a few home-cooked dishes to entertain the Chang family.
"Big brother didn't come?"
"You expect him to have free time? That's not easy."
Chang Fu said, "He's with the Tengying Group's executive team in Hangzhou, discussing a collaboration with Mr. Ma."
The Mr. Ma of Hangzhou, that could only be that person.
The most famous business figure of the era, also the publicly acknowledged richest man in Huaxia.
Yang Kang was quite surprised, and Yao Anni beside him was naturally the same.
Not being in Hangzhou, you simply have no idea about the boundless influence of Hangzhou's Ma or of Alibaba.
I remember when Alibaba went public with a successful IPO, the whole of Hangcheng was full of Alibaba legends.
All of the street billboard advertisements were changed to Big Ali overnight.
A person representing a city, that's probably referring to Mr. Ma.
"Big brother's influence is really getting more and more exaggerated!"
"Isn't it? He's almost daily news in the financial sector nowadays."
Chang Fu said, "This time he sold fresh produce for 1.2 billion US Dollars. It seems like a lot, but when you start spending, it's still not enough. His Tengfei New Energy is a real cash sink. You can't even begin to get a clear sense of how much more money he plans to pour into it."
It was indeed quite extravagant.
Yang Kang himself had started businesses twice and was well aware of how difficult entrepreneurship could be.
It could only be said that Tengying Group's current success was inseparable from Chen Pingsheng's age-old prudence.
...
Chen Pingsheng, with Tengying's executive team, was indeed in Alibaba, learning and visiting.
Speaking of modern miracles of entrepreneurship, Alibaba definitely stands out as a major highlight.
Many say it monopolizes half of the internet world.
But Chen Ping knew that it was undoubtedly an extremely outstanding internet corporation.
Taking advantage of this collaboration, he also took the opportunity to bring the executive team there to learn a thing or two.
By the time he returned to Magic City, it was already late July.
In August, he had to go to Xiangjiang to attend a CEO program, with plenty of matters awaiting him.
But now that he suddenly had such a large sum of money, he naturally had to think about how to spend it wisely.
To make money, you first have to learn how to spend it.
His wife also received a cash influx of over eighty billion, after paying off the 10% stake in Tengsheng Fruits.
The couple discussed it at home for an entire evening.
Only then did they finalize the destinations for this tranche of funds.
As of now, only sixteen large clubhouses of Water Cloud Space in Magic City were not owned by them.
To purchase all of them, an estimated twenty billion should suffice.
Furthermore, during the recruitment and training in September, Water Cloud Space expected to hire ten thousand people.
The training academy in Capital City couldn't absorb such a large number of students.
Song Yanxi took a liking to a university for sale in Magic City.
Its location was naturally not in the central city area, but was a bit farther away in the Golden Mountain district.
The university had not admitted students for two years, covering about twelve hundred acres.
Song Yanxi planned to spend twenty-eight billion to acquire the entire campus.
Purchasing a university equates to a business asset; it's not about profit or loss. If she feels it's worth it, then it's worth it.
Twenty-eight billion was just the price negotiated with the local government; the estimated cost for restoration and redecoration was over two billion more.
In total, her family was set to spend thirty billion on this university.
This was also to further cement Water Cloud Space as the leading brand in high-end domestic wellness.
Beyond that, another ten billion would be set aside to establish a Water Cloud Space Learning Subsidy Fund.
That would cover the wages of these ten thousand interns at their company for the next two years, as well as the expenses for their activities.
Such a hefty investment aimed to further expand and strengthen Water Cloud Space.
Adding up everything, they would spend around sixty billion.
The rest of the money would go towards buying property in advance in Guangzhou.
Anyway, they decided to start with four flagship stores there.
Two in Guangzhou, and two in Shenzhen.
And of course, they would buy all the storefronts.
Money spent like flowing water, and the reason they dared to do so was mainly because there would be a Water Cloud Space gala at the end of the month in Magic City.
Then they could cash out another seven or eight billion; it was truly a case of the more you spend, the more you have.
As for Chen Ping himself, he first announced a formal investment of fifty billion into the foray of artificial intelligence.
Primarily focused on autonomous driving.
Then he set aside a hundred billion for subsidies towards the teams researching batteries and electronic control systems, among others.
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Having taken this step, he almost had the most powerful R&D team in the field of new energy vehicle manufacturing.
The main approach was simply heavy investment.
As long as the money is sufficient, there's no talent he couldn't attract.
All told, he had invested 450 billion into the project independently, and Tengfei New Energy had become one of the key technology entrepreneurship projects supported by Magic City.
With this injection of funds, for the next year and a half, he wouldn't need to divert more money into the new energy project.
He could finally breathe easily during a period of abundant funding.
During this time, everyone just needed to focus on advancing the projects in their hands.
Like the super factory, Ecological Park, various newly established laboratories, and so on.
Only with sufficient funding can everyone be truly devoted to R&D work.