M88 Game Group completed the largest real estate acquisition by a Chinese real estate company in the United States

Accelerate while being steady and M88 Game to accelerate internationalization

M88 Game Group completed the largest real estate acquisition by a Chinese real estate company in the United States

M88 Game just soared 124 places in the ranking of the world's top 500 companies，Is replicating the speed and skill of its national expansion period in the international market，Less than a month after acquiring two high-star hotels in Spain，Pursuit of victory，Land in North America，Won the largest real estate acquisition project in the United States by a Chinese real estate company in one fell swoop。July 26，M88 Game Group signed a cooperation agreement on the acquisition of the Metropolitan Project in the Central District of Los Angeles, USA，The total project investment reaches 1 billion US dollars。

It is reported，The project signed this time has a superior location，Located M88 Game core area of ​​downtown Los Angeles，Connecting Los Angeles Financial District and Convention and Exhibition District，Project development formats include hotels、Office、Serviced apartments and high-end residences，The project will start construction within 6-9 months after the signing of the cooperation agreement。

A green space that adheres to the business model of “using foreign resources to expand the Chinese market overseas”，Choose Los Angeles, where the Chinese are concentrated, as their first stop in the United States，Aiming to make steady progress step by step。“For overseas expansion, we should go to places where we have competitive advantages，We give priority to Chinese investors、Immigrant groups prefer it、Countries and cities with more Chinese tourists and international students participate in investment and development，Ensure successful project sales and stable operation。”Chairman of M88 Game Group、President Zhang Yuliang thinks，This is a method that is in line with market needs and trends，Able to give full play to corporate advantages，Business model with controllable risks，Especially in the early stage of internationalization，Leverage existing advantageous resources，Will greatly reduce the uncertainty and risk of entering emerging markets。He said，Actively utilize the brand’s international influence、Use international capital to obtain international resources，will become a powerful tool and advantage for M88 Game to accelerate its internationalization，Especially after the formal establishment and operation of M88 Game Hong Kong Company，will effectively enhance its global brand influence and resource acquisition capabilities，At the same time, it paves the way for M88 Game to create an overseas development window and financing innovation carrier。

Since this year，M88 Game’s rapid overseas expansion。The first batch of products of the M88 Game Korea Tourism and Health City project have started sales in the second quarter of this year，The current sales momentum is good，Sales revenue within the year is expected to exceed 1.5 billion yuan。The second phase of the project will start within the year。Since the formal transaction contract was signed for the "M88 Game Center" project in Sydney, Australia in March this year，Has been approved by the Australian Foreign Investment Committee and the National Development and Reform Commission，Reconstruction will start in the fourth quarter，And will be sold to external parties during the year，Sales revenue is expected to exceed 1 billion yuan within the year。M88 Game Frankfurt Platinum Hotel was successfully put into operation，This month, Barcelona, ​​Spain was transferred to Barcelona through asset swap、Two hotels in Madrid acquired。At the same time，Green spaces in the United States、Australia、Thailand、There are nearly ten projects under negotiation in the UK and other places，In addition to the United States, real estate development projects are also planned to be launched in Europe and Thailand during the year。“The current opportunity is rare，M88 Game’s overseas expansion will proceed steadily and at full speed，Strive to become a global leader in the national real estate industry。"Zhang Yuliang said，It is expected that M88 Game’s new overseas investment this year will be 10 billion yuan，Cumulative overseas project investment will reach nearly 20 billion yuan。