Teng You Media has gained a lot of weight within just half a month.
The workload of the secretary, Zhang Wanyi, is definitely getting busier.
Fortunately, Tengying Group has transferred quite a few Generals to assist her, allowing her to digest both Clothes Warehouse No. 9 and the newly acquired Tenghui Department Store within a few months.
Talking about Tenghui Department Store, it was worth over ten billion when it went public, operating in only the four cities of Beijing-Shanghai-Guangzhou-Shenzhen.
Later, they invested another forty to fifty billion in Xiangjiang, and the stock value rose to over two hundred billion.
Then, it continuously expanded, and after a few years, the stock value increased from over two hundred billion to two hundred and twenty billion.
Such stagnation illustrates that the capital market is not optimistic about expansion beyond these top-tier cities.
It also reflects the increasing difficulty of traditional department stores.
