Reaching the age of thirty, my income randomly doubled-Chapter 758 - 566: Cannot Be Optimistic

The whole family played on the sea for four or five days before coming ashore.

They really enjoyed the benefits of the great summer, and Er Piya was determined to eat back what she had lost in weight.

As she put it, "I gained weight with my own ability, so why should I lose it?"

Well... being chubby with such logic, she truly is one of a kind.

As for Chen An’an, she’s back to a normal standard now, neither too fat nor too thin, just right.

Chen Pingsheng took them to stay in Xiangjiang for a few days, but there was really nothing much left to buy.

The house had everything, and the only thing they probably lacked was a tool for going to the sky.

On the way back, they still took a private jet and arrived in Magic City quickly.

As soon as they landed, Chen Pingsheng received a call from Chang Fu, who seemed quite happy.

"Old Chen, you have to see, Gao Hu’s Old Friends went viral."

Chen Pingsheng wasn’t very focused on those internet celebrities on short video platforms and didn’t have the time to watch them often.

When he opened TikTok, Gao Hu’s newly opened Old Friends indeed went viral.

It was a huge sensation. After obtaining twenty million from him, Gao Hu returned to his original chef career.

After experiencing so much, if he could really wash away those bad parts of the past, there’s a chance to stand up again.

Especially with Chang Fu investing another hundred million in him, as long as he really works hard, gaining popularity isn’t too difficult.

The biggest fear is that he remains the same as before; in that case, no one can help him.

Chen Pingsheng put his phone back in his pocket, and Song Yanxi, still wearing sunglasses, asked him, "What did Chang Fu tell you?"

"Nothing much, just that Gao Hu’s new restaurant is a hit."

"Oh..." Song Yanxi wasn’t too surprised. For them, even if you make it big, it’s just a thing.

Because they have the social resources to make anyone famous.

Song Yanxi asked again, "Do you think Gao Hu will reconcile with Xiao Danchun? I think Xiao Danchun is quite nice, it’s just a shame he didn’t cherish her."

Chen Pingsheng shook his head, "I don’t know, probably not. Even if it happens, when he gets back on his feet, it might be just like before."

Xiao Danchun, although living ordinarily, has her own car, house, and a bit of savings in Guangzhou.

There’s no need for her to rely on a man to live well.

Chen Pingsheng and Song Yanxi went home together; their relationship has always been the most stable among so many people, and it never changed.

Chang Fu is now living wildly, running around everywhere from the skies to the ground.

Bringing Yang Qian along with him often, they are enjoying life freely.

There were still a lot of matters to deal with after returning, and after Chen Pingsheng posted the building’s sale information, not only did no one contact him, but many others were also listing asset sale information there.

Some even directly slashed prices by 20%.

With the economic situation, it seems like it’s going to get increasingly difficult.

What the future holds is unclear, and Chen Pingsheng even discussed with Song Yanxi whether to cash out their Xiangjiang building at a 20% discount.

He’s genuinely considering it because later, even a 30% discount might be hard to sell.

The most common move in wealthy circles now is to offload assets.

The Wang family even sold their five-star hotel at half price. Such a cheap quality asset seems like a steal now, but in a few years, it’s unclear whether it would be a pit or a profit.

Their family isn’t in a rush, but keeping these depreciating assets in hand is meaningless.

With the completion of the Golden Mountain headquarters, many of the previous headquarters buildings they bought are no longer needed.

Renting them out isn’t easy, so selling is the only option.

Song Yanxi also agreed to sell at a 20% discount. They have no choice since everyone is selling assets.

The situation is really turning for the worse, but fortunately, the wealthy businessman in Xiangjiang they contacted previously is still interested in their Xiangjiang headquarters.

These buildings are scarce resources; once sold, they decrease in number.

He bought it several years ago, and selling it now yields no profit, with an added loss of a billion.

It’s really something.

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Not only is he selling the Xiangjiang headquarters building, but Mr. Pidai is also quietly preparing to find a buyer for the Hengda Center headquarters building in Xiangjiang.

The plan is to sell for 15.6 billion, but in reality, no one is placing any bids.

It’s expected to lose at least two to three billion.

When even such quality commercial real estate can’t protect its cost, it’s clear things are dire, and this was purchased six years ago.

His minor loss of ten billion HKD seems more acceptable.

To be honest, his is the least percentage-wise loss.

While real estate prices are still surging, everyone in the rich circles knows what’s going on.

Have you noticed how actively everyone is unloading assets and amassing cash flow?

A hundred-billion deal is nothing to top businessmen in Xiangjiang; they don’t even need a bank loan to completely pay him.

This is different from Mr. Pidai’s six-year installment purchase of the Xiangjiang headquarters building.

After receiving this money, Chen Pingsheng started discussing with Song Yanxi on how to use it.

His plan was to allocate 5 billion to Tengfei New Energy to cover the shortfall in their first quarter of 2020.

The remaining 5 billion, Song Yanxi simply suggested investing it all in NVIDIA.

In case this blew up and actually rose to a trillion US dollar valuation, that building would not only be sold without a loss but earn a significant profit.

Chen Pingsheng thought so too. Chip technology has been among the hottest research projects in recent years, not to mention they’ve really put chips and artificial intelligence at the world’s forefront.

There’s a possibility it could actually reach a trillion US dollar market cap one day.

With NVIDIA’s current market cap at 150 billion US dollars, investing 5 billion HKD really makes no wave at all.

It doesn’t even create a little splash.

With an additional 5 billion HKD invested, their family’s total share in NVIDIA would only be 1.4%.

Right now it seems small, but should it one day miraculously increase to a trillion US dollars, it wouldn’t be pitiful at all.

Times change rapidly, what he once considered the most stable commercial asset has now become the most unstable.

Everything purchased in full after 2015 is tough to even break even within a foreseeable time frame.

In hindsight, Old Li of Xiangjiang had tremendous foresight, selling off over a hundred billion worth of assets before 2015.

The rest of it is unliquidated, just collecting rent, with rental income from the mainland alone likely exceeding ten billion annually.

Waiting till this year to sell was arguably a bit late due to a lack of buyers.

Many people even targeted him, hoping he would step up as a buyer.

With some people, Chen Pingsheng truly found it hard to refuse, so he simply said, "You haven’t noticed I’m selling too, huh?"

Indeed, no one can figure him out completely.

They only knew he sold the Xiangjiang headquarters building at an 80% price, and those looking to borrow money or purchase their own assets from him at this stage.

Can only take a break; the general environment is downward, everyone’s situation isn’t much better.

Only a rare few parts can still continue to grow.

Of course, the global economic research center he mentioned also presented a shockingly large set of data.

The gist of it is that if house prices drop by more than 30%.

The top ten real estate developers in the country would all be struck by lightning, even teetering on the edge of bankruptcy.

State-owned enterprises surely would fare better, but private companies would struggle.

If the drop exceeds 30%, even the belt would burst.