Reaching the age of thirty, my income randomly doubled

Chapter 353 - 243 Negative Impact



It’s uncertain when it began.

The saying started circulating in society that it was once again difficult for Poor Families to produce distinguished children.

I still remember that five years ago, it was an era of mass innovation and entrepreneurship.

Success motivation was incredibly popular throughout the north and south of the river.

Just a few years have passed.

Rarely did anyone mention entrepreneurship anymore, and innovation was only maintained within a few mega-corporations.

In this spring’s college recruitment, Tengying Group undoubtedly became the most notable presence.

The main reason was that the interns there were treated too well.

It can be said that as long as you could get into Tengying, your social status and starting point would be at least three levels higher than others.

Under such circumstances, tens of thousands of students prepared at least three months in advance.

When Chu Qiuyan came over, without even talking about who to recruit,

she simply stated three groups they would not hire, shattering everyone’s illusion of fairness.

This left those who had carefully prepared earlier feeling disappointed and even angry.

Because she completely abandoned the HR personnel assessment.

What she did was conduct a foundational inspection.

Anyone who qualified as being born into poverty could be directly recruited into Tengying.

How would the students of Capital City view this?

Historically, fairness has never been biased towards Poor Families.

It can be said that on the day the recruitment information was released, thousands of complaints and criticisms exploded online.

The reason was that Tengying had broken the boundaries of fairness.

It caused the local students in Capital City to be treated unfairly.

It can be said that once a company grows large, its actions are constrained in many ways.

Take this recruitment, for instance.

No one would go to talk to Chu Qiuyan about anything, she was at best an enforcer.

What everyone really sought was Chen Pingsheng.

As expected, he was invited several times for "tea," causing quite a stir.

The higher-ups still hoped he would open up some registration quotas for Capital City.

Job scarcity isn’t just talk.

In such circumstances, even if Chen Pingsheng tried to withstand the pressure, he still reopened two hundred quotas for Capital City.

On top of the originally planned twelve hundred people, they would recruit an additional two hundred.

No company could withstand the reputation of despising local students in Capital City, and he was no exception.

However, Tengying still tried to give more opportunities to those Poor Families’ college students who truly struggled to find work.

To put it bluntly, the children of farmers. n/ô/vel/b//in dot c//om

During the university’s spring recruitment, Tengying mobilized resources to clean up most of the news online.

There are some things you may know about, but they absolutely cannot be openly discussed.

That can easily lead to opposition in the public sentiment.

Observing so many Fortune 500 companies, no one dares to incite such controversial emotions on this land.

Tengying cannot afford to either.

Luckily, he managed to address the issue in time, otherwise, the consequences would have been severe.

The moment the news broke out, Tengying Group’s stock prices all suffered a sharp decline.

Even the very promising Tengying Entertainment saw its stock price plummet.

The capital market’s senses are exceedingly sharp.

When it senses that you are trying to break some dangerous rules, it instinctively abandons you mercilessly.

This blow served as a wake-up call not only to Chen Pingsheng but also dealt a heavy punch to Chu Qiuyan, who was wholeheartedly trying to assist those from a background similar to her own.

If you’re a small business, doing things this way is not a big deal.

But you’re a mega-corporation under the scrutiny of the whole society, you have to consider the influence behind your decisions.

To keep the heat to a minimum, when these farmers’ children were hired, Chen Pingsheng neither attended their welcome ceremony

nor handed out money on the spot.

It just goes to show, the development of a business is full of challenges.

It’s the same for the children of farmers.

...

Magic City, the headquarters building.

Chang Fu brought Qiao and the others to see Chen Pingsheng.

Outsiders rarely see him appear in public, the mysterious owner of Tengying Group, the angel investor.

He only shows a hint of vulnerability in front of people he knows well.

"Old Chen, Gao Hu called me a couple of days ago, said that Fei Yangyang’s stock price plummeted, told me to go and comfort him, screw that."

"He called me as well, that temper of his, even though Fei Yangyang is already listed, he’s still impetuous."

Chen Pingsheng sat on a simple white sofa, "This is just the beginning; it probably will keep falling for a while."

"Damn it, what’s all this about?"

Chang Fu protested, "Just because Chu went to Capital University and said they wouldn’t recruit those with family backgrounds?"

"You don’t understand."

Chen Pingsheng said, "There are things you can do quietly, but you can’t publicize these things in an open setting. Chu Qiuyan is also very remorseful. Bobo Milk Tea saw about a forty percent increase in orders during this time, indicating that her words were supported by countless people from the lower echelons. Yet, Bobo Milk Tea’s stock price, today is the seventh circuit breaker."

Chang Fu: "This is just ridiculously frustrating. It was hard enough to drive the price up, and now it just plummets, and it’s a group-wide drop, too."

Luckily, Xin Teng Live Streaming hasn’t gone public yet, or else it would have been affected as well.

Because the stock price fell under such warning signals, it will definitely take a long time to climb back up again.

Even though the Group’s public relations department has started comprehensive crisis management, the result is the same.

This is a rejection from the capital market.

Chang Fu came to him to report on the happy news of Xin Teng Live Streaming’s first month of business.

Total sales volumes reached an impressive three billion, with a net profit of about 1.6 billion.

The revenue is very pleasing, and with this rate of growth, the annual net profits are expected to be no less than twenty billion.

The era of live-streaming commerce is very likely upon us.

His early move to Xiangjiang to lay out global product selection was undoubtedly correct.

Beyond this matter, Chang Fu had another thing to discuss.

Hadn’t Chen Pingsheng lent him a dozen top-tier luxury cars?

Now, the top influencers under his brand were earning money—they were sure to earn tens of millions a year.

Besides, they hardly ever drove the boss’s cars at home.

It was a matter of whether they could be sold to them.

Mainly, for the earlier video shoots, their personal IPs were already deeply tied to those luxury cars. Now they wanted to actually buy them to further cement their fan base.

It just shows that the top influencers have incredible earning power. In such a short time, they can already afford those top-tier luxury cars of his.

Chen Pingsheng didn’t mind; they were all his own internet workers anyway, so he simply offered a fifty percent discount.

Qiao and the others were delighted.

After being top influencers for so many years, pooling money for a second-hand luxury car was very easy.

Altogether, selling off a dozen luxury cars brought in about a billion or so.

That’s the thing with luxury cars, they’re easy to buy but you’re sure to take a big loss when you sell them.

There is no such thing as value retention.

The Tengying Group’s stock price plummeted across the board due to the influence of this spring’s recruitment.

In stark contrast to the stock price, the offline businesses saw a comprehensive surge.

It’s not that the common folk are abandoning them, it’s just the capital market.

The business is still very stable.

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