Beijing Auto Express Headquarters Property Telephone

Aauto Quicker broke through the 1.25 trillion mark, and Chen Qizong 10 billion change18 billion became the biggest winner.

Aauto's faster short video has become a short video software downloaded by everyone's mobile phone. People's daily entertainment is to brush all kinds of interesting videos on Aauto faster. At the same time, many network celebrities were born in cars faster, bringing a brand-new way of life. With the entry of Aauto Quicker into people's lives, its market value has also undergone tremendous changes, breaking through the 1.25 trillion mark.

The success of Aauto Quicker made many people become big winners overnight. Both the founder and Cheng became millionaires, and many investment institutions also made a lot of money. Among them, 20% of Tencent's shares earned more than 200 billion Hong Kong dollars. However, in Aauto Quicker, the real winner is not Tencent, but Morningstar Venture Capital Company in the hands of Chen Qizong.

When Xiaomi went public, Morningstar Venture Capital made a profit of 80 billion as a major shareholder. As early as the Angel Wheel, Morningstar Venture Capital invested $300,000 in A Auto Fast. In Round A, Morningstar Venture Capital and Sequoia Capital invested more than $ 654.38+0.3 million in A Auto Fast. Morningstar Venture Capital invested about HK$ 6,543.8+million in a auto faster, holding 654.38+06%. Now autonomous driving is faster.

In addition to Morningside Venture Capital, Chen Qizong is also famous for Hang Lung Property, which is also known as the "Five Tigers" of Hong Kong real estate industry with Cheung Kong in Li Ka-shing, New World in Zheng Yutong, Lee Shau Kee and Guo Desheng. Chen Qizong has a large number of industries in Hong Kong and the Mainland. Only Shanghai Henglong Ganghui Plaza can earn 2 billion yuan a year, and all its assets add up to 7 billion yuan a year in Chen Qizong, making it a real invisible giant.

On the one hand, the Chen Qizong family is doing such a safe business as rent collection; on the other hand, they are investing in high-risk projects to expand the business scale of the group. As early as Chen Qizong's father, Chen Zengxi, the family had already set foot in the real estate industry. At that time, Chen Zengxi successfully developed Hengxinyuan Community and earned tens of millions on this project. 1972, Chen Zengxi led Henglong to the real estate market, and gradually gained a net worth of 4 billion. Before the death of 1986, Chen Zengxi set up a trust fund for Yin Shangxian, a former employee, but this kind of inheritance distribution made many people feel a little better.

This is because Chen Qizong and his younger brother went to the United States to study very early and did not participate in the family business after graduation. Even after his father died, Chen Qizong and his younger brother did not choose to come back to receive assets, but chose to start a business in the United States. They founded Morningstar Group and gradually expanded their business on their own. It was not until the death of the uncle who managed Hang Lung Group that Chen Qizong took over the company because of radical development problems.

After Chen Qizong took over the Hang Lung Group, he sold and cashed in a large number of properties in 1997, and invested the cash in Shanghai, Shenzhen and Han for development. After 1997, Hong Kong real estate entered a period of sharp decline. At this time, Chen Qizong returned to Hong Kong to invest, and Chen Qizong made billions of profits by using the price difference between Hong Kong and the Mainland.

After 2000, Chen Qizong's investment projects in the mainland began to exert their power. At present, the annual rent collection in the mainland alone reaches 4 billion, and the rent collection in Hong Kong is also considerable. Now Chen Qizong has gradually abandoned real estate development and turned to commercial real estate development. At the same time, Chen Qizong also asked his brother to set up Morningstar Venture Capital Company in mainland China and bring the American venture capital concept to China market. After 20 years' investment, this Chen Qizong family investment company has achieved great success. Only two investments of Xiaomi and Aauto Quicker have achieved 20% returns.