The stock exchange is listed on the New York Stock Exchange. The opening price of shell house was 35.06 U.S. dollars, a 75% increase over the issue price, and the final closing price rose 87.2% to 37.44 US dollars, with a total market value of more than 42.2 billion US dollars. < p > < p > shell house search was established in April 2018 and is currently the largest real estate trading and service platform in China. As of June 30, 2020, shell platform has entered 103 cities in China, connecting more than 456000 brokers and 42000 brokerage stores of 265 new brokerage brands. In the first half of 2020, the total transaction volume (GTV) of shell reached 1.33 trillion yuan (RMB), an increase of 49.4% compared with the same period of last year; the operating revenue was 27.26 billion yuan, an increase of 39% compared with 19.61 billion yuan in the same period of last year; the net profit was 1.61 billion yuan, nearly three times that of the same period of last year. < p > < p > the predecessor of shell house search is a real estate agent brand chain with a history of 18 years. As early as 2017, Hillard capital as a leading investor participated in the strategic investment in the chain. After the establishment of shell, Hillhead has raised its capital for two consecutive rounds, with a total investment of more than 600 million US dollars. It is the third largest institutional investor of shell. Zhang Lei, founder and CEO of Hillhouse, said: “as an investment institution that adheres to long-term principle, Hillhouse has been looking for firm practitioners with a great view of the pattern over the years. When we invest in shells, we see that shells stick to long-term principles and always do “difficult and right things.”. We believe that enterprises and entrepreneurs with a great outlook on the pattern will not only have a profound insight into change, but also respect positive sum games and create value. Just as shell is practicing, they will innovate through science and technology, deeply integrate digital capabilities with industrial capabilities, and better meet consumer needs with strong platform evolution capabilities. ” < / P > < p > from a strategic perspective, in the past five years, the dividend of new technologies has shifted from the consumer Internet to the booming industrial Internet. Different from the era of consumer Internet, technology in the era of industrial Internet is penetrating in depth. Today, China is already the largest real estate stock market in the world, and the market pattern has shifted from the stock market to paying equal attention to both storage and growth. The primary and secondary housing markets are developing together. And the impact of science and technology and digitization on the large residential area is more and more in-depth. < p > < p > in April this year, at the online conference of the new housing conference held by shell house, Zhang Lei said: “in the past five years, scientific and technological innovation has entered the 1920s, and the dividend of new technology has shifted from the consumer Internet to the booming industrial Internet. The large residential market is at the forefront of the integration of the two halves of the Internet, and the market demand is also moving towards online publishing historically. Therefore, China’s large residential market has great development potential. Once the leading enterprises fully embrace the new industrial changes, technology will surely give birth to “super species”. As a leader in the residential industry, shell house hunting is to deposit the business foundation cast in the era of consumer Internet into industrial capacity, and innovate the enterprise structure through digital strategy, so as to further tap the depth of the industry and revitalize the market potential. “< / P > < p >” in order to create a first-class consumer experience, it is necessary to build a first-class real estate agent team, so that the cultural concept of consumer supremacy can be implemented in the organization. Its essence is people-oriented, and shell saw this very early. ” Zhang Lei said that shell is an enterprise that never forgets its original intention, which is especially reflected in opening the mechanism of ACN broker cooperation network to employees of the whole society. This mechanism enables more brokers to truly realize seamless cooperation on a unified operation platform, and ultimately create more value, realizing the growth and efficiency improvement of the industry. < p > < p > Hillhead believes that different from the era of consumer Internet, which is a winner take all era, the industrial Internet is in the initial stage of deep penetration of technology, and enterprises need to arm themselves and influence the industry with new technologies. How to combine the laws of traditional industries and industries, and then innovate and transform through science and technology, the winners of traditional industries obviously have more time and space to think and deal with. The PE power, represented by Hillhouse, includes both science and technology enterprises and the real economy in the investment map. It can play a good media role of integration and innovation at both ends of the dumbbell of science and technology enterprises and the real economy, thus becoming an important bridge connecting technology and demand, algorithm and scene, promoting the effective combination of new technology and traditional industries, and helping and supporting traditional enterprises to cross regions , cross time and cross industry innovation and upgrading.