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Boss Jia is indeed very busy. After Zhu Qiushui accompanied his son to leave Yuzhang, Boss Jia rushed to the Demon Capital to attend the completion ceremony of the Demon Capital Film and Television City.

If you want to talk about this Magic City Film and Television City, it is the largest project in Baidu Real Estate's history. It took six years to build it before it was completed and the completion ceremony was held.

The Modu Film and Television City is located in the Pudong New District of the Modu City, covering a total area of ​​60 square kilometers, which is twice the area of ​​the famous Hengdian Film and Television City in later generations. It also occupies 4% of the entire Pudong New District.

To be honest, such a huge area would never be able to be taken down after 2000.

However, this land was bought by Baidu Real Estate in 1994, and at that time, Pudong New Area was deserted and was full of rural areas, without any modern feeling.

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

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

This makes many people feel quite incomprehensible about 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.

For ordinary real estate companies, they acquire land, build, and then recover funds to continue to develop the next plot.

Although many real estate companies have developed methods to sell off-the-stop houses, they have sold all the houses just after they have been laid. At the same time, each real estate company owes banks debts that are twice their fixed assets.

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

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

Of course, this is normal. What is abnormal is that after the house is built, they seem to have not sold it at all, or they either change it to a low-rent house to help people with housing difficulties.

Or rent it out...

Baidu Real Estate also specially established a company called Eggshell Apartment, which is specialized in the rental business. It directly takes the built house from Baidu Real Estate, then invests in the decoration itself, and then rents it to the tenants as a middleman.

Because Eggshell Apartment gets housing at zero cost, it also has its own decoration company for batching and unified decoration of production lines.

Even the various electrical equipment in the house are actively purchased in batches from companies affiliated to the Daqian Group Army, and the price is about half cheaper than the market price. Therefore, the profit margin of Eggshell Apartment is surprisingly high, and its annual net profit is said to have exceeded 5 billion yuan.

This also led to many apartment companies rising up in advance.

Although Eggshell Apartment makes a lot of money, it is definitely incomparable to the profits obtained by selling houses directly. Baidu Real Estate rarely sells the real estate in its hands, so logically speaking, companies like Baidu Real Estate should have gone bankrupt a few years ago due to a break in capital flow.

But the problem is that if Baidu Real Estate does not sell its house, it not only does not go bankrupt, but it 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 nationwide, and its total construction area has exceeded 1 billion. It is a veritable first domestic real estate company.

With such a huge business, Baidu Real Estate not only did not reap funds by selling houses, but even had very few bank loans and no private fundraising. Even the invitations to listing issued by the Shanghai Stock Exchange and the Shenzhen Stock Exchange were rejected, and they didn’t even have the idea of ​​listing to make money.

This makes everyone in the real estate industry very curious about the source of Baidu Real Estate’s funds. 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 this money comes from!

Of course, for some people with extremely high status, this is no secret. After all, just take a look at the information in the industry and commerce and you will know that the major shareholder of Baidu Real Estate is Jia Yapeng, who owns 90% of Baidu Real Estate's shares.

Another 8% of the shares belong to 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 third and fourth largest shareholders of the company 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, Boss Jia.

Those who understand this will know who the source of Baidu Real Estate’s funds are, and they will also know that Baidu Real Estate’s background is more powerful.

Although Boss Jia’s biggest backstage has gone, the problem is that his current background is quite impressive.

The most important thing is that Daqian Group is an enterprise that many big names admire and even feel respected.

Not to mention anything else, just take the tax paid in 1998, totaling nearly 78 billion yuan, as an example. Daqian is the only good example in China. He is like a saint in the mall, perfectly beyond imagination.

Moreover, Daqian Group is also very smart. It only touches what they can touch, but never touches what they cannot touch. In addition, Daqian Group has now become a banner of China in the market economy, so it is even more secure.

Finally, Daqian Group is also very aware of dealing with local relations, and various local requirements are tried to meet. If some cities want to build roads, Daqian immediately invests to build roads.

If you want to build a bridge, Daqian will pay the money on the spot.

Daqian agreed without hesitation when he wanted to carry out various infrastructure projects. Not only did he allow the city to develop rapidly, but he also allowed many laid-off workers to have the opportunity to re-employed. There is no more perfect company in the world.

Ahem, it seems to be a bit far from it. Back to the topic, although Baidu Real Estate's stall is very large, Baidu Magic City Film and Television City is still the largest project in Baidu's history. Xiao Qi attaches great importance to this and invites Boss Jia to attend the tailing ceremony for the first time.

Of course, before the tailoring ceremony officially began, Boss Jia still had to learn about his first-time industry. So accompanied by Xiaoqi and the uninvited Chen Liren, Boss Jia began to visit this huge film and television city.