On the evening of August 13, Beijing time, shell search house, China’s leading online and offline real estate trading and service platform, was officially listed on the New York Stock Exchange with the stock code of “BEKE”. The issue price was $20, with a total of 106 million shares. The closing market value of the IPO on the first day was $42.2 billion. Rongchuang has become its shareholder as early as 2017, accounting for more than 4% of the shares after listing, and is the main strategic partner of shell to find a house. < p > < p > known as “the first share of China’s residential service platform”, shell house hunting has, after 19 years, “completed the complete transformation of the residential service industry from standardization to online, reconstructed the development track of China’s residential service industry, and gradually realized the mission of” better living “. < p > < p > rongchuang believes that shell house search is the largest real estate trading and service platform in China. In the period of chain family, it firmly believed in residential service, which is a multi trillion level track, with both scale and growth. In the fierce market competition environment, after more than 20 years of persistence and unremitting efforts, shell has become the most competitive, potential and promising track on this track Enterprises like space. Shell looking for real estate is a “real estate +” and “community +” high-quality enterprises, in line with the direction of rongchuang strategic investment. “We have profoundly changed the industry through the power of the Internet and big data,” Zuo Hui, chairman of shell’s housing search company, said in a letter to shareholders in the prospectus According to the prospectus, GTV (gross transaction volume) in 2019 has reached RMB 2128 billion (the same below), an increase of 84.5% compared with 1153 billion yuan in 2018. At the same time, it realized 46 billion yuan of operating revenue, including 24.6 billion yuan of second-hand housing transaction and 20.2 billion yuan of new house transaction revenue, which is firmly at the top of the real estate transaction and service market. In the first half of 2020, the shell achieved gtv1.33 trillion yuan, a year-on-year increase of 49.4%; the operating revenue was 27.26 billion yuan, with a year-on-year growth of 39%; the net profit was 1.61 billion yuan, with a year-on-year increase of 188.6%. < p > < p > shell is the first U.S. stock IPO project in rongchuang war investment project. As early as 2017, rongchuang led the c-round investment with a large amount of funds, always firmly supported the transformation and development of shell, and actively promoted the strategic cooperation between the two sides, demonstrating rongchuang’s professional investment judgment ability and Industrial Synergy strength in the industry chain and community related fields. However, it is not a young organization with a history of more than two years. Shell is an organization that combines China’s leading real estate agency brand chain with a history of more than 18 years and China’s leading online and offline housing transaction and service platform with a history of more than two years. < / P > < p > the two sides have also formed a strong industrial synergy in the core real estate industry. Since 2019, rongchuang has become one of the largest strategic partners in the field of shell new housing. At the beginning of this year, shell launched the VR Sales Department, and rongchuang took the lead in testing the water. One of the projects accumulated 5766 sets of shell online VR tapes and sets in just three days, and achieved good sales performance. < p > < p > in addition to shell housing, rongchuang has been seeking strategic investment opportunities in the industry chain and community related fields. The projects of Jinke, Kaiyuan property and Ziyuan, which have been invested in the early stage, have gradually entered the harvest period, and will continue to contribute excellent financial and cash flow returns to rongchuang. This series of investment cases fully reflects rongchuang’s accurate grasp of investment objects and investment nodes, and also proves rongchuang’s foresight and judgment ability in strategic investment in industrial chain and community related fields. < / P > < p > “the promising tomorrow comes from today’s watering”. Rongchuang will always focus on “real estate +”, focus on industrial chain and community related fields, give full play to the advantages of main business empowerment, continue to explore strategic investment opportunities of high-quality potential enterprises, and walk with excellent industrial reformers to embrace a broader development space and future.