Myriad Worlds Military System

From the beginning, Taihe Real Estate Property Management Co., Ltd. was simply building and managing shopping centers.

But later, it gradually moved towards the path of a real estate company.

Dong Xiaosa, the president of Taihe Real Estate, is very capable. He invested in four high-quality projects in just one year, and the returns were very good.

Because of this, after thinking twice, Liu Qiming decided to increase investment in Taihe Real Estate.

Taihe Real Estate has thus officially embarked on the fast lane.

Taihe Real Estate Property Management Company was split into Taihe Real Estate Co., Ltd. and Taihe Property Management Co., Ltd.

Taihe Real Estate is mainly responsible for the development of real estate, while Taihe Property Management Company is responsible for sales and services!

Liu Qiming took out 10% of China Reading Group's shares to mortgage with Wells Fargo Bank.

With a market value of 23 billion U.S. dollars for China Reading Group, the loan was obtained at 2.3 billion U.S. dollars.

Among them, US$1.5 billion was registered in the name of Liu Qiming, and Tianqi Capital invested in Taihe Real Estate, occupying 75% of Taihe Real Estate's shares.

And 300 million US dollars was invested in Taihe Property, accounting for 60% of Taihe Property.

Taihe Real Estate's valuation soared to US$2 billion, while Taihe Property's valuation reached US$500 million.

Taihe Holdings is valued at US$600 million.

Hmm... Taihe Holdings is a company with a registered capital of 100 million yuan and owns 20% of Taihe Real Estate.

It also owns 30% of Taihe Property.

As for the 5% shares of Taihe Real Estate and the 10% shares of Taihe Real Estate.

That is naturally given to professional managers!

If people don't have shares, can they do well?

After getting the financing, Taihe Property and Taihe Property can be regarded as embarking on the real fast lane.

Buy buy buy! Make made! In just three years, the valuation of Taihe Property and Taihe Property has soared.

Taihe Real Estate raised 1.5 billion US dollars in an angel round, and until a year later, the 1.5 billion US dollars were consumed, and the valuation directly exceeded 35 billion yuan.

A round of financing started! 10% financing, 3.5 billion yuan.

Two months later, the B round of financing was launched, with a valuation of over 50 billion, and another 10% financing.

Three months later, the C round of financing was launched, and the valuation exceeded the 10 billion U.S. dollar mark, reaching 72.5 billion yuan.

Raising 10% again, obtaining 7.250 billion in cash.

In just five months, it was completely burnt.

Series D financing started! The valuation officially exceeded RMB 100 billion, reaching RMB 114.2 billion.

Six months later, the E round of financing was launched again.

Capital is generally optimistic about Taihe Real Estate, a different kind of real estate industry, which led to Taihe Real Estate's E-round valuation of RMB 180 billion.

The reason why Taihe Real Estate is a different kind is that Taihe Real Estate never borrows from a bank, but only burns capital.

But precisely because of this, the zero percent debt ratio has made countless capitals rush.

What does zero percent debt mean? This means that this company has a high risk-carrying ability!

Even if there is a problem with funds in the future, there are too many hard assets!

And there is no debt, which means that the bank will not become a stumbling block to its development in the future.

As long as other capital can be crazy enough, then the future of this company can be said to be limitless.

Therefore, the capital held this idea, so that it just fit their minds, so the capital is generally optimistic about Taihe Real Estate.

At last! Until the last financing before Taihe went public, that is, the launch of the F round, Taihe Real Estate's valuation has reached a crazy 370 billion yuan.

The equivalent of U.S. dollars also exceeds 50 billion, and this is only a matter of just over two years.

After six rounds of financing, Liu Qiming still holds 53.1441% of Taihe Real Estate's shares, which can exceed the holding line.

Taihe Property is also due to Taihe Property's speed anyway, although it is not as popular as Taihe Property.

But...Because the main body of Taihe Property is actually an Internet company, Taihe Property has to go public first.

That's right! Although Taihe Property was originally a traditional property management company, it later embarked on the Internet.

Relying on the terrifying property resources of Taihe Property, Taihe Property is an Internet-based office and IoT APP can be said to be famous.

Become an Internet pioneer in the property management industry, and because of the rapid development of Taihe Real Estate.

Taihe Property has almost begun to embark on the road of monopoly.

Many follow suit, but the distance between Taihe Property and Taihe Property is too big.

A total of three financings, each financing 10%.

On September 1, 2016, when the school started, Taihe Property or Taihe Property Interconnection Management Co., Ltd. landed on Nasdaq.

The valuation broke through 10 billion U.S. dollars in one fell swoop, reaching a terrifying market value of 15.8 billion U.S. dollars, and became another U.S. dollar unicorn in China.

The three financings went to Goldman Sachs, Morgan Stanley, and Citigroup. Before the final listing, Liu Qiming held 72.9% of the shares.

After Taihe Property went public, Liu Qiming held 65.61% of the shares.

That is equivalent to 10.3 billion U.S. dollars.

of course! From this we can also find a problem, that is, although Liu Qiming still holds 53% of Taihe Real Estate before the listing, after the listing...

Generally speaking, the outstanding shares of most listed companies are about 10% of the total share capital.

If this is the case, Liu Qiming estimates that after listing, his shares in Taihe Real Estate will fall below 48%.

This number is very unsafe for the founder.

But... Liu Qiming didn't worry too much, because although the shares in his hands were somewhat unsafe, it didn't mean that someone could take Taihe away from him.

The angel round was invested by Liu Qiming himself, while the A, B and C rounds were not invested by Liu Qiming himself, but they have something to do with Liu Qiming.

The A round was invested by Qiongqi Asset Management, while the B round was invested by Gourmet Defense, and the C round was invested by Yinglu Holdings.

Although the shares were diluted because of the next few financings, it was still not a small amount.

After the listing, Qiongqi Assets holds 5.3144% of the shares.

Tate Defense holds 5.909% of the shares.

Yinglu Holdings holds 6.561% of the shares.

In addition, Liu Qiming himself owns 48% of the shares, and the total is 64.795 shares.

So many shares are enough for Liu Qiming to control Taihe Real Estate.

It is precisely because of this that Liu Qiming feels that the development speed of the solar super business can only be said to be average.

At present, the market value of China Reading Group has exceeded 60 billion US dollars.

Of course, these valuations cannot be just novels. If they are just novels, even a monopoly cannot raise the market value of the Reading Group to this level.

The main reason is that China Reading Group has stepped into the education industry and successfully stepped onto the market.

The Reading Group itself is valued at over 25 billion U.S. dollars. After stepping on the education boom, it is normal that the market value exceeds 60 billion.

The Reading Group has been listed. The latest news shows that the market value of Reading Group has reached 63.4 billion US dollars.

As for Taihe Property, the listing time is not long and there is no major good news.

Although the market value has almost been steadily increasing, the market value has only reached 18.4 billion U.S. dollars.

It is still a lot short of the small target of 20 billion US dollars valuation.

Taihe Real Estate has not yet been listed, but the valuation can be said to be the same day by day.

Last week, the valuation was still 430 billion, and this week it directly exceeded 450 billion, reaching the terrifying 458 billion.

In other words, if calculated according to the current exchange rate, it would be around US$66.55 billion.

have to say! It is even more terrifying than the upgrade speed of the Reading Group.

In fact, if it hadn't been for China Reading Group to find the outlet for knowledge education, the distance from Taihe Real Estate would definitely be even greater.

In fact, Liu Qiming himself can't figure out why Taihe Real Estate is so popular with capital.

But it's alright! As long as you earn it yourself, it's OK.

For the time being, the development of Sun Supermarket is the slowest.

But it doesn't matter. There is also the reason why Liu Qiming did not invest further in the Sun Supermarket.

In fact, Liu Qiming wanted to leave an identity acceptable to outsiders, without daring to mess with any cat or dog.

After thinking about it, the Sun Supermarket is the most suitable.

In fact, for people today, the valuation of tens of billions of RMB is not very exaggerated.

Every time I see those big companies with a trillion-dollar market value bragging, I will subconsciously feel that the ten-billion-dollar valuation doesn't seem very good!

After graduating from university, Liu Qiming will officially take over the Sun Supermarket.

Of course, at present, Liu Qiming is also debt-free and light.

The shares of China Reading Group that were pledged at the time have already been taken back.

As for the whereabouts of the remaining US$500 million of US$2.3 billion...

It must have been used by Liu Qiming to buy real estate or something!

That's right! Although he has a company engaged in real estate in his hands, Liu Qiming himself did not ask the company to prepare many houses.

In fact, Liu Qiming clearly distinguishes between public and private.

500 million U.S. dollars, if you convert it, it is about 3.110 billion yuan.

In one to three years, the purchasing power of 3.110 billion yuan can be said to be very amazing.

Ten sets in Shanghai, ten sets in Beijing, ten buildings in Guangzhou and ten buildings in Shenzhen.

Anyway, to put it bluntly, that is to buy, buy, buy, anyway, it will definitely not suffer.

2.5 billion to buy a house, 500 million to buy a car, and the remaining 110 million to be used for daily expenses.

The life of a local tyrant is so unpretentious and boring.

In fact, five of the 2.5 billion real estates are worth more than 100 million yuan.

In other words, five hundred million is used for housing and two billion is used for investment.

The five villas with over 100 million yuan are located in Chengdu, Shenzhen, Shanghai, Beijing and Hangzhou.

These five cities are also the five cities that Liu Qiming focuses on.

For example, China Reading Group is in Shanghai, Taihe Real Estate is in Chengdu, Taihe Real Estate is in Hangzhou, Sun Supermarket is in Shenzhen, and Kuaishou and ByteDance are both in Beijing.

In these cities, Liu Qiming is likely to live for a while in the future.

As for what the hell... then who knows!

But staying in Shenzhen for several years is certain.

In fact, Liu Qiming laid out Shenzhen from the beginning.

Even the headquarters of Sun Supermarket was set in Shenzhen from the beginning.

There is also the shopping center of Taihe Real Estate, the first one was also built in Shenzhen.

All of this can be seen that Liu Qiming's future focus must be in Shenzhen.

Ok! Mainly because of the influence of Ma Huateng and Ma Yun in his previous life.

Although he has become a bigger boss than Ma Huateng and Ma Yun in this life, he still wants to feel like a boss.

Not to mention Sun Supermarket, looking at the location of Taihe Real Estate can also explain the problem.

Hangzhou! That's the base camp of Alibaba.

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