5. Jiabao NetMovie

Participants: Li Daoling and Ma Xinting

Company profile:

Shanghai Jiabao Group, as one of the first pilot organizations for joint stock system reform in China, underwent joint stock system reformation in April 1992 and was listed at the Shanghai Stock Exchange in December of the same year (stock code: 600622).

The company established and gradually implemented the basic strategic policy of “focusing on one business, moderate diversity, expanding in the local market, and gradually tapping non-local markets”. It has now formed four industrial blocks focusing on real estate development, property leasing and operation. It is supplemented by outward investment and the industrial manufacturing industry (mainly including electronic elements and special light sources).

Through effort in recent years, the company keeps raising the level of its internal management, enhancing its core competence and increasing the influence of its real estate brand. It has nearly two billion yuan worth of net assets and nearly 5.6 billion in total assets.

This time, the Jiabao Group and the NetMovie World (Beijing) Digital Movie and Cultural Development Co., Ltd. jointly invested and cooperated in developing a complex project in Huaqiao, Kunshan, Jiangsu, which has the functions of culture, business and residence. In this project, the advantageous resources of the two powerful companies are fully complemented and shared. They create a new and characteristic highlight in business, culture and residence for the development of the Huaqiao Development Zone of Kunshan. It also has a large complex integrating tourism, relaxation, culture, entertainment, catering, shopping and wedding services, as well as having distinctive features and a good setting for the residents and families in Huaqiao, adjacent clustered urban areas and even the neighboring areas in the Yangtze River Delta. It also makes contributions to the enhancement and perfection of the urban functions and agglomeration effect of the Kunshan Huaqiao Development Zone.