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This hotel has witnessed the birth of Xiaomi, which is now being acquired by Jingdong for 2.7 billion yuan.

February 11, 2019 19:22
source: World Wide Web

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Summary
[This hotel has witnessed the birth of Xiaomi, which is now being acquired by Jingdong for 2.7 billion yuan as an office building.] It is understood that Beijing Jingdong Shangke Information Technology Co., Ltd. (hereinafter referred to as “Jingdong Shangke”) has received 2.7 billion yuan for Beijing Cuigong Hotel Co., Ltd. With 100% equity of the company, Jingdong Shangke has become the sole shareholder of Beijing Jade Palace Hotel.

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Global Network News, it is understood that BeijingJingdongShangke Information Technology Co., Ltd. (hereinafter referred to as “Jingdong Shangke”) 270 million yuan has been transferred to Beijing Cuigong Hotel Co., Ltd. 100% equity, Jingdong Shangke has become the only Beijing Cuigong Hotelshareholder.

According to industry and commerce information, the acquisition party Jingdong Shangke is a wholly-owned subsidiary of Beijing Jingdong Century Trading Co., Ltd., and the legal representative is Liu Qiangdong.

Regarding the specific use after the acquisition, Song Dong, vice president of Jingdong Public Relations, said to Yiou: "It is an office building, and there are many R&D talents in the west, which is convenient for recruitment."

Jingdong said that the acquisition of Jade Palace Hotel is based on long-term layout and development. In the future, the project will be transformed into a technology research and development, business office, and become the carrier space for Jingdong Group's industrial development in Haidian District. Haidian District is rich in intellectual resources and rich in innovative resources. Jingdong hopes to rely on the location advantage of Haidian to play the role of Jingdong Group's innovation-leading tie, and help Haidian to become a globally influential science and technology innovation center.

According to Tianyue, the Beijing Jade Palace Hotel was listed on the Beijing Equity Exchange on November 26, 2018. The listed transferor is Haidian State-owned Assets Management Center, and the reserve price is 2.683 billion yuan.

According to industry and commerce data, Jade Palace Hotel was established in 1987 with a registered capital of 480 million yuan. Cuigong Hotel is part of the Beijing Capital Group. It used to be a five-star business hotel integrating guest rooms, catering, entertainment, shopping and office buildings. At present, the five-star qualification of Jade Palace Hotel has been cancelled.

In addition,PerformanceLosses and high debts became the main reason for the sale of the Jade Palace Hotel.

(Article source: World Wide Web)

                (Editor: DF134)

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