SOHO China is an Chinese office developer. The company was founded in 1995 by Chairman Pan Shiyi (???) and CEO Zhang Xin (??).
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 and Japanese architect Kengo Kuma . The company has developed over five million square meters of commercial properties.
The company uses the name "SOHO" in both English and Chinese contexts.
SOHO China is China's only pure prime office developer. Having shifted from a "build to sell" to "build to hold" strategy in 2012, the company now holds 1.4 million square meters of office space in Beijing and Shanghai for long-term investment.
Video SOHO China
History
Within 10 years of the company's founding, it became the largest property developer in China. 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.
Maps SOHO China
Initial Public Offering
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. It has the distinction of being Asia's largest commercial real estate IPO as of today. The Company was also named as one of the "Most Admired Companies" in China by FORTUNE (China edition) Magazine for six times since 2006.
SOHO 3Q
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.
Philanthropy
Founded in 2005, the SOHO China Foundation oversees all of the philanthropic activity on behalf of SOHO China. The Foundation's mission is to fund education initiatives that support Chinese students from underserved communities. 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, including Harvard University (July 2014) and Yale University (October 2014). The SOHO China Foundation, through its "Teach for China" program, has previously funded education programs in poor rural areas in China.
See also
- Real estate in China
- Wangjing SOHO
- Zhang Xin (businesswoman)
- Pan Shiyi
- SOHO 3Q
References
External links
- SOHO China Official Site
Source of the article : Wikipedia
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