Taihe Real Estate Property Management Company started with the simple construction management of shopping malls.

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

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

Because of this, after thinking about it again, Liu Qiming decided to increase his investment in Taihe Real Estate.

Taihe Real Estate has officially embarked on the fast track.

Taihe Property Management Company was split into Taihe Property 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 service!

Liu Qiming took out 10 percent of the shares of China Literature Group and pledged them to Wells Fargo.

With a market value of US$23 billion, China Literature received US$2.3 billion in loans.

Among them, 1.5 billion US dollars was invested by Tianqi Capital, a company registered in the name of Liu Qiming, into Taihe Real Estate, accounting for 75% of Taihe Real Estate's shares.

US$300 million was invested in Taihe Property, accounting for 60% of Taihe Property's shares.

The valuation of Taihe Property soared to $2 billion, while the valuation of Taihe Property reached $500 million.

Taihe Holdings is valued at $600 million.

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

At the same time, it owns 30% of the shares of Taihe Property.

As for the 5% shares of Taihe Real Estate and 10% of the shares of Taihe Property, where have they gone?

Naturally, it was distributed to professional managers!

If people don't have shares, can they do a good job?

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

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

Taihe Real Estate raised $1.5 billion in angel rounds, and it was not until a year later that the $1.5 billion was consumed, with a valuation of more than 35 billion yuan.

Series A financing launched! 10 percent, 3.5 billion yuan.

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

Three months later, the Series C financing was launched, and the valuation exceeded the $10 billion mark, reaching 72.5 billion yuan.

10% of the financing was raised again, and 7.25 billion yuan in cash was obtained.

In just five months, it burned completely.

Series D financing launched! The valuation officially exceeded 100 billion yuan, reaching 114.2 billion yuan.

Six months later, the Series E funding round was launched again.

Capital is generally optimistic about Taihe Real Estate, an outlier in the real estate industry, resulting in the valuation of Taihe Real Estate's E round reaching 180 billion yuan.

The reason why Taihe Real Estate is an outlier is that Taihe Real Estate never takes loans from banks, and burns capital funds.

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

What does zero percent debt mean? It means that this company has a high ability to bear risks!

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

And the absence of debt means that banks will not be a stumbling block to their 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 has this idea, so that it just fits their minds, so the capital is basically generally optimistic about Taihe Real Estate.

At last! Until the last financing before Taihe's listing, that is, the launch of the F round, Taihe Real Estate's valuation has reached an insane 370 billion yuan.

The equivalent of US dollars also exceeded 50 billion, and this is only a matter of just over two years.

After six financings, Liu Qiming also holds a total of 53.1441% of the shares of Taihe Real Estate, which can exceed the holding line.

Taihe Property is also because of the rapid development of Taihe Real Estate anyway, although it is not as generally optimistic as Taihe Real Estate.

But right...... Because the main body of Taihe Property is actually an Internet company, Taihe Property wants Taihe Real Estate to be listed first.

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

Relying on the terrifying property resources of Taihe Real Estate, Taihe Property works on the Internet, and the IoT APP can be said to be famous.

It has become the pioneer of the Internet 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.

There are a lot of followers, but the gap between the distance and the property is too big.

There are three financings in total, and each of the three financing is 10%.

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

The valuation exceeded $10 billion in one fell swoop, reaching a terrifying market value of $15.8 billion, becoming another $10 billion unicorn in China.

The three financings were financed to Goldman Sachs, Morgan, and Citigroup, and before the final listing, Liu Qiming held 72.9% of the shares.

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

That's the equivalent of $10.3 billion.

Of course! This can also find a problem, that is, although Liu Qiming still holds 53% of the shares of Taihe Real Estate before the listing, what about the ...... after the listing?

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

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

This kind of figure is very unsafe for the founders.

But...... Liu Qiming is not too worried, because although the shares in his hands are a little unsafe, it does not mean that someone can take Taihe away from him.

The angel round was invested by Liu Qiming himself, and although the A round, B round and C round were not invested by Liu Qiming himself, they were more or less related to Liu Qiming.

The A round was invested by Qiqi Asset Management, while the B round was invested by Gluttonous Defense, and the C round was invested by Hanqi Holdings.

Although the shares were diluted later due to the next few financings, it is still not a small amount.

After the listing, Qiqi Asset held 5.31441% of the shares.

Gluttonous Defense holds 5.9049 percent of the shares.

Hanqi Holdings holds 6.561% of the shares.

Coupled with the 48 percent of the shares owned by Liu Qiming himself, the total is 64.7955 shares.

With so many shares, it is completely enough for Liu Qiming to control Taihe Real Estate.

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

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

Of course, these valuations cannot be just novels, and even monopolies cannot raise the market value of China Literature to this extent.

The main reason is that China Literature Group has stepped into the education industry and successfully stepped on the outlet.

China Literature Group itself is valued at more than $25 billion, and it is normal for it to have a market value of more than $60 billion after stepping on the education outlet.

China Literature has gone public, and the latest news shows that the market value of China Literature Group has reached 63.4 billion US dollars.

Taihe Property, on the other hand, has not been on the market for a long time, and there is no major good news.

Although the market capitalization has been increasing almost steadily, it has only reached $18.4 billion.

It is still a lot short of the small goal of a $20 billion valuation.

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

Last week, it was still valued at 430 billion, and this week it directly exceeded 450 billion, reaching a terrifying 458 billion.

In other words, at the current exchange rate, it is about 66.55 billion US dollars.

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

In fact, if China Literature Group had not found an outlet for knowledge education, the gap between China Literature and Taihe Real Estate would have been even greater.

In fact, Liu Qiming himself couldn't figure out why Taihe Real Estate was so loved by capital.

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

At present, it is the solar supermarket that is developing the most slowly.

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

In fact, Liu Qiming just wants to leave an identity that is acceptable to outsiders outside, and not to dare to provoke any cat or dog.

After thinking about it, it is still the most suitable solar supermarket.

In fact, for today's people, the valuation of 10 billion RMB is not very exaggerated.

Every once in a while, when I see those companies bragging about the trillions of dollars in market value, I will subconsciously feel that the valuation of tens of billions does not seem to be very good!

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

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

The shares of China Literature Group, which were mortgaged at the beginning, have already been taken back.

As for the original $2.3 billion, the remaining $500 million went......

That 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 is still very clear about the distinction between public and private.

500 million US dollars, which is about 3.11 billion yuan.

In three years, the purchasing power of 3.11 billion can be said to be very impressive.

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

Anyway, to put it bluntly, it's just buying, buying, buying, and it won't suffer a loss anyway.

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

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

In fact, five of the $2.5 billion properties are worth more than $100 million.

In other words, 500 million is for living, and 200 million is for investment.

These five villas of more than 100 million yuan are located in five cities: Chengdu, Shenzhen, Shanghai, Beijing and Hangzhou.

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

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

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

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

However, after staying in Shenzhen for several years, it is still 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 of which was also built in Shenzhen.

It can be seen that Liu Qiming's future focus must be in Shenzhen.

All right! is mainly influenced by Ma Huateng, Ma Yun and other bigwigs in his last life.

Although he has become a more bullish boss than Ma Huateng and Ma Yun in this life, he still wants to get a touch of the fairy spirit of the big guy.

Sun supermarket does not say, looking at the location of Taihe Real Estate, it can also explain the problem.

Hangzhou! That's Alibaba's home base.