Chapter 789: 596 Asset Restructuring
Chapter 789: Chapter 596 Asset Restructuring
After the annual meeting.
There were quite a few people around Chen Pingsheng, although last year he cashed out 40 billion just before the end of the year.
The group has 20 billion in reserve funds, with another 10 billion allocated to the Dream Fund.
The remaining 10 billion hasn’t been touched yet.
He calculated a bit and found that this fund wouldn’t be needed anytime soon, so he decided to invest it all in NVIDIA stocks.
Currently, he holds only 1.7% of NVIDIA stocks.
And NVIDIA is like an endless wild horse, galloping full steam ahead.
So far, it has surged to 300 billion US dollars.
In other words, his 1.7% stake is now worth 5 billion US dollars.
With another 10 billion invested, his shares will increase to 2.1%.
Just 10 billion only adds another 0.4%.
Besides the NVIDIA shares, his most valuable stock holding is 4% of Tesla.
Tesla has also surged in the past two years, reaching 160 billion US dollars.
It is expected to surpass Toyota and become the world’s highest-valued listed car company.
You might say surpassing Toyota is quite outrageous, given that Toyota is the world’s undeniable leader in sales.
Where there’s a road, there are Toyota cars; this is no joke.
Compared to these two stocks, the 3% of Pinduoduo and the 3.5% of the Douyin Group, which hasn’t gone public yet, are not particularly appealing.
What do you think?
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