Such As The Establishment Of Real Estate Company Network Red Electric Power To Enter The Real Estate, Why?

According to Qixin Bao data, in July 23rd, Hangzhou's Cmi Holdings Ltd (RUHN.US) (hereinafter referred to as Han Holdings) invested in the establishment of Hangzhou Yang Han Real Estate Co., Ltd. (hereinafter referred to as Yang Han estate), whose legal representative was general manager Sun Lei, the registered capital of 1 million yuan.

According to the data of Kai Xin Bao, the business scope of Yang Han estate is "real estate development, operation, property management, real estate agency, business management consultation, landscaping engineering, construction project design and construction". In July 26th, the reporter did not accept the interview.

　 Invest in the Real Estate Company, do you not drink wine?

Such as Han holdings listed in the US NASDAQ in April 3rd this year, became the "net red business first share".

Reporters noted an interesting phenomenon, and such as Han holdings into the real estate industry in sharp contrast, in July 25th, Zijin Mining (601899, SH) announced the complete withdrawal from the real estate business, and said that the future will not engage in real estate development and business related business, and promised that its subsidiaries will not be engaged in real estate development and operation related business in the future.

According to a number of financial industry sources, Zijin Mining has withdrawn from real estate business or related to its recent refinancing. In order to implement the policy of "housing without fire", it is very difficult for real estate enterprises to refinance through the stock market.

Zijin Mining is eager to withdraw from the real estate business. It also confirms the situation that the "refinancing of the listed companies involved in the housing market" has been strictly audited. In recent years, many listed companies have transferred the control rights of housing companies to meet regulatory requirements while refinancing.

For Cao Lei, director of the e-commerce research center of Beijing Economic and social affairs, told the "daily economic news" reporter that if he did not invest in real estate, he said that "Yang Han" is a shell. On the one hand, it should be used to build a headquarters building for its own needs. On the other hand, it may also be to build a network of red industrial park.

"Many Internet companies in Hangzhou will build their own buildings when they become unicorns, especially after they are listed." There are many purposes for building buildings in general, Cao Lei further analyzed. "Building building may be one of the means to keep capital in value."

In addition to its own office use requirements, Cao Lei believes that the establishment of Yang Han estate, such as culvert investment, may also provide some studio and live venues for its net red and MCN institutions. "Apart from being the capital of e-commerce, Hangzhou is also a social power supplier. It is also the capital of net red economy. It can gather red, standardized, large-scale and intensive distribution of scattered networks to form a network red industrial park, or the headquarters building should go to this area." Cao Lei said.

　　 Share price shrank by 2/3. Net red economy is booming.

In June, it published its first earnings report after listing. According to the financial report, in the fourth quarter of fiscal year 2019, its GMV6.48 billion yuan, an increase of 81.3% over the previous year, was 237 million yuan, an increase of 20.7% over the previous year, and a net loss of 29 million 400 thousand yuan, narrowing 53.3% compared to the same period last year. "If there is a good growth in revenue and net profit," Cao Lei said.

However, compared with the initial issue price of $12.5, such as the stock price is currently only $3.79. Previously, such as Han holdings in the five trading days after the listing, the stock price has been cut off. The industry generally believe that this is not related to the business mode of "net red with goods".

If the stock price has shrunk by 2/3, Cao Lei said there are many reasons. "It may be related to the macro environment and the overall factors of the capital market. It may also be related to foreign short selling agencies, and of course, the future performance expectations." but from the perspective of the large industry level, the net red economy is in full swing, so it still has a good future.

Reporters noted that media reports showed that in May 29th, less than two months after the listing of Han holdings, Alibaba, Jun Lian capital, Sai Fu investment, Kunlun Wan Wei, far mirror venture capital, Qiming venture capital and Zhong Ding capital all withdrew from the shareholders of the company, while 4 directors quit. After the change, Feng Min, the largest shareholder of Han holdings, is the founder.

In this regard, such as Han holdings clarify the withdrawal rumors: "Alibaba, Jun Lian capital, Sai Fu investment has withdrawn from Hangzhou, such as Han Cmi Holdings Ltd (" Hangzhou such as Han "), has been misunderstood by some readers as Alibaba, Jun Lian capital, Sai Fu investment has withdrawn from such holdings.

If Han holding clarification, Hangzhou is the former shareholder of Hangzhou meaning Agel Ecommerce Ltd ("Hangzhou Han Yi"). After the pre listing restructuring of Han holdings, Hangzhou's control has been transferred to Han holdings. Hangzhou is no longer a company in the Han holding system. Alibaba, Jun Lian capital, Sai Fu's investment exit from Hangzhou, and become shareholders of such holdings are just part of the listing and restructuring of Han holdings.

Such as the disclosure of the prospectus, Alibaba, Junlian capital and Sai Fu investments are all shareholders like Han holdings. After the offering of shares, their shareholding ratios are 7.5%, 7.5% and 7.5% respectively, and their shares are subject to the 180 day lock up period after being listed, and are not sold or transferred.

According to the official website of such as Han holdings, since 2014, it won the A round of Softbank's Sai Fu financing. In 2015, it won the tens of millions of B round financing of Lenovo capital and 2016's Alibaba 300 million yuan C round of financing. In 2016, if culvert GMV exceeded 1 billion, the valuation was 3 billion 100 million. In addition, 7 months in 2015, such as Han, through the backdoor Kerrey love in the new three board listing, April 2018 delisting.

Earlier, some industry insiders said in an interview with reporters that after the listing of the US stock market, the shareholders of large organizations had the pressure to withdraw cash.