SOHO China

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SOHO China
SOHO中国
Public
Traded as SEHK0410
Industry Real estate
Founded 1995
Founder Pan Shiyi
Zhang Xin
Headquarters Beijing, People's Republic of China (de facto)
Cayman Islands (Incorporated Office)
Area served
People's Republic of China
Key people
Chairman: Pan Shiyi
CEO: Zhang Xin
Total assets US$10.9 billion (2017)[1]
Total equity US$5.0 billion (2017)[1]
Website www.sohochina.com

SOHO China is an Chinese office developer. The company was founded in 1995 by Chairman Pan Shiyi (潘石屹) and CEO Zhang Xin (张欣).[2]

SOHO China focuses on developing properties in the central business districts of Beijing and Shanghai. SOHO China developments are known for their modern architecture, with designs from architects such as Zaha Hadid[3] and Japanese architect Kengo Kuma.[4] The company has developed over five million square meters of commercial properties.[5]

The company uses the name "SOHO" in both English and Chinese contexts.

SOHO China is China's only pure prime office developer.[6][7] Having shifted from a “build to sell” to “build to hold” strategy in 2012,[8][9] the company now holds 1.4 million square meters of office space in Beijing and Shanghai for long-term investment.[10][11][12]

History[edit]

Within 10 years of the company's founding, it became the largest property developer in China.[13] SOHO China found its identity in 2000, with the advent of the Internet and the entrepreneurial excitement that followed. Small scale start-ups formed in abundance around China, and these burgeoning business needed a space to work. The name SOHO comes from the phrase “Smart Office, Home Office” as the company decided to combine office rooms and residential apartments in the same building to facilitate a comfortable and productive environment.[14]

Initial Public Offering[edit]

On October 8, 2007, SOHO China was successfully listed on the Stock Exchange of Hong Kong (Stock Code: 410), raising proceeds of USD1.9 billion.[6] It has the distinction of being Asia’s largest commercial real estate IPO as of today.[7] The Company was also named as one of the "Most Admired Companies" in China by FORTUNE (China edition) Magazine for six times since 2006.[15]

SOHO 3Q[edit]

In 2015, the Company launched its shared-office product SOHO 3Q. SOHO 3Q provides business community and office space to entrepreneurs in Beijing, Shanghai, Hangzhou, Nanjing, Shenzhen, Guangzhou, and Chongqing.[16]

Philanthropy[edit]

Founded in 2005, the SOHO China Foundation oversees all of the philanthropic activity on behalf of SOHO China.[17] The Foundation’s mission is to fund education initiatives that support Chinese students from underserved communities.[18] The Foundation’s primary project is the SOHO China Scholarships, a USD $100 million initiative to endow financial aid scholarships for Chinese students at top international universities,[19] including Harvard University (July 2014) and Yale University (October 2014).[20][21] The SOHO China Foundation, through its "Teach for China" program, has previously funded education programs in poor rural areas in China.[22]

See also[edit]

References[edit]

  1. ^ a b "SOHO China 2017 Annual Report" (PDF). Retrieved 2018-01-09. 
  2. ^ Bei, Hu (January 14, 2007). "Soho China revives IPO plan". International Herald Tribune (Bloomburg). Retrieved 2008-05-07. 
  3. ^ "Meet the women transforming Beijing's skyline". 25 September 2014. Retrieved 2018-05-15. 
  4. ^ "kengo kuma creates a pleated aluminum mesh façade for shanghai office tower". 16 July 2016. Retrieved 2018-05-15. 
  5. ^ "Zhang Xin: The Woman Who Built Beijing". 11 August 2017. Retrieved 2018-05-15. 
  6. ^ a b "Developer Is China's Latest Hot Stock Offering". New York Times. Retrieved 15 Mar 2015. 
  7. ^ a b "Zhang Xin & family". Forbes. Retrieved 22 Mar 2018. 
  8. ^ "Beijing Billionaire Couple's Real Estate Developer Soho China Says 1st-Half Profit Soared". Forbes. Retrieved 2018-05-15. 
  9. ^ "Who Says China is Building Too Much?". The Wall Street Journal. Retrieved 2018-05-15. 
  10. ^ "SOHO plans spinoff of co-working division". Retrieved 2018-05-09. 
  11. ^ "Zaha Hadid Architects Unveil Photographs of "World's Tallest Atrium" Under Construction in Beijing". ArchDaily. Retrieved 2018-05-15. 
  12. ^ "Zhang Xin: The woman who built Beijing". CNBC. Retrieved 2018-05-15. 
  13. ^ "SOHO China CEO Zhang Xin became a billionaire by falling in love with risk". February 6, 2018. Retrieved 2018-05-15. 
  14. ^ "Zhang Xin speaks on modern design, culture, and architecture". Council on East Asian Studies at the MacMillan Center at Yale University. Retrieved 15 May 2018. 
  15. ^ "25家最受赞赏的中国公司——全明星榜". Forbes China. Retrieved 15 May 2018. 
  16. ^ "Soho China Considers Listing Shared-Office Unit". Retrieved 2018-03-13. 
  17. ^ "How this Chinese property entrepreneur is changing the lives of young people". Retrieved 2018-05-15. 
  18. ^ "SOHO Foundation website". Retrieved 2018-05-15. 
  19. ^ "The Rise of the Chinese Philanthropist". the New York Times. Retrieved 2018-05-15. 
  20. ^ "SOHO China's $15M Harvard Gift: Is The Money Better Spent In China?". Forbes. Retrieved 2018-05-15. 
  21. ^ "SOHO Signs Scholarship Agreement with Yale". China Daily. Retrieved 2018-05-15. 
  22. ^ "Beijing Billionaire Couple To Donate $100 Million For Overseas Scholarships". Forbes. Retrieved 2018-05-15. 

External links[edit]