Chapter 1006: Chapter 754: Approachable

Chen Pingsheng is considered quite approachable.

In his spare time, he would sit on the first floor like those college students and find a book to read.

When there’s nothing else, he could play games on the computer.

His eagerness to learn, even at a middle age, is quite inspiring to those college students.

Who said that people should stop learning when they grow older? Look at him; he’s still working hard.

As for Su Xiaoxi, she has her own principles. Although she has more freedom here in terms of time, she still works diligently.

She doesn’t complain about anything. Chen Lu, that silly boy, is completely focused on her, initially due to Su Xiaoxi’s rapid improvement in academic performance.

But now, because of her, his will is somewhat depressed. Such large emotional fluctuations are taboo for any leader.

Chen Pingsheng put down the “One Hundred Years of Solitude” in his hand–a book remarkable not just for its long names but also for its unique features.

He called over Su Xiaoxi, who was organizing the bookshelf, and asked her, “Have you gotten used to the work recently?”

“I’m used to it, Uncle Chen.”

“Hmm… After all, you are a top student from a prestigious university, and doing such simple work that doesn’t require much brainpower every day is indeed not quite suitable for you.”

Chen Pingsheng handed her a book, “This is the Tengying Group’s eight-year development report. It contains a detailed record of the group’s development history, including the detours taken and internal meeting records.”

Many large companies have their own development books, but such books are generally the result of beautification by external authors.

Or they may praise the founders and build a godlike image.

The “Eight-Year Tengying Report” given by Chen Pingsheng is entirely different.

It contains detailed records of each major stage of development and challenges of the group.

The most critical part is that there are no perfect people in it; rather, it shows timely adjustments after taking wrong turns.

There are also many high-level speeches from various meetings.

This kind of internal book is never sold externally; it is only issued to internal employees once they reach a certain level.

It is entirely an internal management reading material.

Over the years, many people wanted to write a business biography in Chen Pingsheng’s name.

All were rejected by him. He is not a legend and is not qualified to be that legend.

Su Xiaoxi was overwhelmed with surprise, holding this thick Tengying Report in her hands.

When she returned to school after work, she opened this book about Chen Lu’s father like a treasure.

In top universities like hers, the dormitory environment is still very good, with only four girls living together.

Everyone usually studies diligently and rarely disturbs each other, only casually chatting occasionally when needed.

Su Xiaoxi sat alone in the corner by the window, with a ray of light shining on her face, bleak yet beautiful.

When she opened the first page of the book, it still recorded a summer day in 2013.

At that time, entertainment traffic was dominant, and BAT occupied the entire mobile Internet era.

The three major video platforms covered the entertainment industry.

Tengying Group was born in such an environment, initially relying solely on investments to generate revenue.

When it grew larger, then it began to recruit artists itself or open training classes.

All Tengying artists in the Tengying Group were operated independently.

The group provided resources, and the small artists’ collectives earned ninety percent of the profits.

This favorable cooperation model allowed Tengying Group to expand rapidly.

It finally established a development path centered on entertainment traffic, covering the entire physical industry.

In just a few years, Tengying Group invested in and established a batch of physical businesses such as Bobo Milk Tea, Antler Coffee, Snacks Dash, and Fei Yangyang Catering.

Every successful path wasn’t predetermined but was explored based on changes in the times.

Su Xiaoxi read until it was eight o’clock in the evening.

She didn’t just learn about Tengying Group’s early development history but also understood many disadvantages as the large group developed.

Such as those “deliberate indulgences” before the management rose.

There emerged shocking internal selection scandal across the group and offline management tie-up scandal.

The group underwent numerous major meetings, timely adjustments, and even did not hesitate to carry out dramatic reforms.

That’s why the group continues to today.

From this, it can be seen that no enterprise’s development origins are smoothly paved.

No matter how strong, like Chen Lu’s father, they only completed the reform of the group after realizing many mistakes.

But the values he held have not changed all along.

The development of times is so fast that people simply cannot react in time.

The report detailed an investment failure, back when TikTok was just established, its founder sought financing from them with a valuation of 7 billion US Dollars.

Chen Pingsheng, along with those top investors he knew, thought the valuation was too high, and all passed by.

Afterward, Chen Pingsheng only recognized the enterprise’s value and didn’t care much about the current price.

Because of this, he was able to successfully invest in Tesla in 2016 and heavily buy NVIDIA shares in 2018.

Due to these two investments, his personal wealth saw a tremendous rise.

Later, the entire group began a comprehensive transformation to the technology field. Starting investing in 2016, until after 2023, the technology section achieved a balance of profit and loss.

The capital invested during this period was beyond imagination.

The technology sector is rarely mentioned in this book, only a few brief mentions.

“Xiao Xi, what are you reading? You’re so absorbed,” a roommate curiously came over to ask her. Su Xiaoxi said, “Oh, it’s nothing, just a book given to me by an elder.”

“Oh… You’re always so focused even with excellent grades, could I borrow it for a look?”

“This…” Su Xiaoxi hesitated a bit, not because she was stingy, but primarily because Chen Lu’s father didn’t say she could lend it to others when he gave it to her.

“Go ahead and read, but don’t tell anyone else.”

After contemplating, she still agreed.

“So mysterious, what book is it after all?”

Her roommate took a look, “The Eight-Year Tengying Report, how do you have such a book? Isn’t this from the school library?”

“No, it’s given to me by Chen Lu’s father.”

“Oh, I see.”

The roommate also joined her in reading attentively. In the eight-year report, there are also records of some disturbances caused during recruitment.

As well as changes in the Tengying Group’s HR department.

The biggest influence inside was the founder’s own philosophy.

The early recruitment standards repeatedly caused the HR expenditure of Tengying Group to exceed the entire era.

But the final result was also unexpected.

According to internal statistics, the turnover rate of impoverished college students initially recruited by Tengying Group was far lower than the industry average, and the promotion rate was the same.

The stability and recognition of talent greatly ensured Tengying Group overcame the industry’s coldest three years.

Even now, most of those people have become the backbone of the entire group.

They are also pushing the group to steadily move forward after leaving behind the founder’s past halo.

The Tengying Report records everything from mistakes to successes, from basic HR recruitment to the eight-year development history in detail.

There is no heroization of anyone inside, only authentic records.

And the more it is like this, the more the book’s actual value is highlighted.

Anyway, after Su Xiaoxi finished reading, she remained awake for a long time, even seeing the golden age of entrepreneurship before.