Chapter 1609: The Magic City Film and Television City is completed

Boss Jia is indeed very busy, after Zhu Qiushui accompanied his son to leave Yuzhang, Boss Jia rushed to the magic capital to participate in the completion ceremony of the magic city film and television city.

To say that this magic city film and television city can be said to be the largest project in the history of Baidu Real Estate, it took six years to complete the construction and hold a completion ceremony.

Located in the Pudong New Area of the Magic City, the Magic City covers a total area of 60 square kilometers, which is twice the size of the famous Hengdian Film and Television City in later generations, and also occupies 4% of the entire Pudong New Area.

To be reasonable, such a huge area of land will never be able to be taken after 2000.

However, this land was bought by Baidu Real Estate in 94, and at that time, Pudong New Area was barren and full of rural areas, without any sense of modernization.

Therefore, when the new district government learned that Baidu Real Estate planned to build a large-scale film and television city to develop the local economy, they agreed with both hands and feet, and the expropriation of the entire land plot went very smoothly.

At the same time, because the area of the film and television city is too large, the construction of the entire film and television city took 6 years to be completed, and Baidu Real Estate has invested more than 20 billion yuan in this huge project.

This makes many people quite incomprehensible to the development speed of Baidu Real Estate, because the rise and development speed of Baidu Real Estate in the real estate industry is like a devil.

In general, real estate companies take land and build at the same time, and then recycle the funds to continue to develop the next plot.

Although many real estate companies have developed a means of selling off-plan properties, the houses have all been sold as soon as the foundation has been laid. At the same time, every real estate company owes banks a debt equal to twice their fixed assets.

But even so, it will take a long time to collect funds, and the pace of development is relatively normal. Only Baidu Real Estate is simply unreasonable.

First of all, after they take the land, they will build a house as soon as possible.

Of course, this is normal, but what is not normal is that after the house is built, they don't seem to sell it at all, or change it to low-rent housing to help the housing difficulties.

Or rent it out......

Baidu Real Estate has also set up a company called Eggshell Apartment, which is responsible for renting houses, directly taking the built houses from Baidu Real Estate, and then investing in decoration by themselves, and then renting them to tenants as a middleman.

Because the eggshell apartment is a zero-cost house, it also has its own decoration company, which carries out batch and unified decoration of the production line.

Even the various electrical equipment in the house is about half cheaper than the price in the market because of the active bulk purchase from the company belonging to the Daqian Group Army, so the profit margin of the eggshell apartment is amazing, and the annual net profit is said to have exceeded 5 billion yuan.

This also made many various apartment companies rise in advance.

Although the eggshell apartment makes a lot of money, it is certainly incomparable with the profits obtained from selling houses directly, and Baidu Real Estate rarely sells the real estate in its hands, so it stands to reason that a company like Baidu Real Estate should have collapsed directly because of the rupture of capital flow a few years ago.

But the problem is that Baidu Real Estate, which does not sell the house, not only does it not go bankrupt, but continues to acquire land every year and expands various projects every year.

According to incomplete statistics, Baidu Real Estate has more than 800 construction projects in the country, and the total construction area has broken 1 billion level, making it the first real estate company in China.

With such a huge business, Baidu Real Estate not only did not rely on selling houses to recoup funds, but even bank loans were very few, and there was no private fundraising, and even the listing invitations issued by the Shanghai Stock Exchange and the Shenzhen Stock Exchange were rejected, and people did not even have the idea of listing to make money.

This makes everyone in the real estate circle very curious about the source of funds for Baidu Real Estate, after all, over the years, Baidu Real Estate has invested at least 200 billion yuan in various real estate projects, but no one knows where the money comes from!

Of course, for some people with a very high status, this is not a secret, after all, as long as you look at the information in the industry and commerce, you will know that the major shareholder of Baidu Real Estate is Jia Yapeng, who owns 90% of the shares of Baidu Real Estate.

The other 8% of the shares are owned by Li Shiyi.

Originally, it was 10%, but when Jia Changtian and Jia Changzhi were born, Li Shiyi gave 1% of the shares to these two children, so the company's third and fourth largest shareholders were Jia Changtian, who was only 5 years old, and Jia Changzhi, who was only 3 years old.

Of course, these shares are represented by their guardian, that is, Boss Jia.

Those who understand this will know who the source of funds for Baidu Real Estate is, and they will also know that Baidu Real Estate has a strong background.

Although Boss Jia's biggest backstage has gone, the problem is that the current background is also terrible.

The most important thing is that Daqian Group is an enterprise that many big people admire very much, and even feel respected.

Not to mention anything else, just take 98 years, a total of nearly 78 billion yuan in taxes paid in full, that Daqian is a unique good example in China, it is simply a saint in the shopping mall, perfect beyond imagination.

And Daqian Group is also very smart, only touch what they can touch, can not touch the things never touch, plus now Daqian Group has become a banner in the market economy in China, it is more secure.

Finally, Daqian Group also knows how to deal with the relationship with the locality, and the various local requirements are tried to meet them.

If you want to repair the bridge, Na Daqian also paid on the spot.

If you want to engage in various infrastructure projects, Daqian did not hesitate to agree, which not only allows the city to develop with each passing day, but also allows many laid-off workers to get reemployment opportunities, and there is no more perfect enterprise in the world.

cough cough, it seems to be a bit far, to get back to the point, although the stalls of Baidu Real Estate are very large, but Baidu Magic City Film and Television City is still the largest project in Baidu's history, Xiaoqi attaches great importance to this, and invited Boss Jia to attend the cutting ceremony for the first time.

Of course, before the official start of the cutting ceremony, Boss Jia still had to learn about his first industry, so accompanied by Xiao Qi and Chen Liren, who came uninvited, Boss Jia began to visit this huge film and television city.