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Real estate, how to beat up the two-dimensional players

author:Brother Fish has wealth

Recently, Miha's tour has been on the hot search again, but this time it is not because of "Original God"

Real estate, how to beat up the two-dimensional players

It doesn't even have anything to do with the game

The reason for the list is that miha you, a rich and wealthy industry tycoon, will even be cut leeks by financial trust institutions? I didn't expect that this knife that cuts leeks would even turn into leeks one day

According to the recent announcement of the Chengzhong District People's Court of Xining City, Qinghai Province, on July 25, the court will publicly hear the case of Mihayou Technology (Shanghai) Co., Ltd. v. Minmetals International Trust Co., Ltd. "Business Trust Dispute" in accordance with the law in the 15th court.

Real estate, how to beat up the two-dimensional players

Suspected of stepping on the trust thunder incident

Although the specific details of this "business trust dispute" have not been made public, and Mihayou also said that it would not respond, Minmetals Trust was the other party to the case

Real estate, how to beat up the two-dimensional players

Previously, it was reported by many media that its Dingxing series products sold by China Merchants Bank could not be paid, and there was a suspicion of thunderstorms, with a total scale of more than 2.3 billion yuan

In addition to Mihayou, another game company, Lilith, also sued the trust company

Real estate, how to beat up the two-dimensional players

It's really hard brother, stone hammer

Looking like an ordinary financial trust thunderstorm, why would the title I say that Miha You is planting real estate hands

Here is the logic of real estate and trust financing for you

As we all know, under the policy positioning of "housing and not speculation", the regulatory control of the real estate industry continues to increase, the financing conditions are also tightening, and the traditional financing funds invested in real estate continue to decline

Compared with traditional commercial banks, which have strict risk control, complex approval procedures, regional operations, quota restrictions, etc., trusts have the characteristics of diversified investment methods, off-site financing, introduction stage, and capital interest rates

On the whole, the biggest advantage of trust is flexibility, which can make up for the lack of simple bank loans, so no matter how to reduce the scale, trust financing is still an important financing means in the real estate industry

Based on the formation of property rights relations and the actual application of the financing process, real estate trust financing is mainly divided into four modes: loan type, equity type, equity type and hybrid type

Of course, the process is more complicated, the estimation is more boring, in short, it is like this

Real estate, how to beat up the two-dimensional players

Through a variety of packaging, the money that would otherwise be difficult to flow into the real estate industry has a piece of the pie

If you are interested, praise three times, we will talk about this sensitive area (sensitive) another day

Miha's thunder is the Dingxing series sold by China Merchants Bank under Minmetals Trust, with a total of 15 issues

Real estate, how to beat up the two-dimensional players

It was established from March to June 2021 for a period of 12 months

As early as June 18, all the above products have expired, but they have not been able to complete the payment, with a total scale of more than 2.3 billion yuan

It can almost be said that the trust product is related to the project of a real estate group and finances the property group

So you understand, the feelings Miha spared a circle, and this money ran to the real estate again

A number of investors in the industry said that they had received notice of the 18-month extension of the series of trust plans

However, at present, the capital chain of the real estate company is tight, according to the Shanghai Securities News, the funds involved in the product may have been invested in real estate projects, and it is difficult for relevant investors to recover them

In the past two years, the debt problem of real estate enterprises has not been uncommon, and many well-known companies in the industry have also been involved

For example, a housing enterprise involved in the Minmetals Trust plans to comprehensively seek to extend the nearly 3.5 billion yuan of domestic bonds due within the year

And this is not the first time that Minmetals Trust has stepped on the thunder, and it has previously included Evergrande, Sunshine City, Huaxia Happiness and so on. According to the annual report of parent company Minmetals Capital, as of the end of 2021, the total assets of the trust managed by Minmetals Trust reached 817.4 billion yuan, and 75.9 billion yuan was still invested in the real estate industry, accounting for 9.29% of the total assets of the trust.

As of the end of 2021, minmetals trust non-performing assets of 850 million yuan, with a non-performing rate of 3.11%

According to the latest news, Minmetals Capital, the parent company of Minmetals Trust, announced that as of March 31, 2022, the balance of short-term borrowings of Minmetals Capital was 43.633 billion yuan, and the balance of long-term borrowings was 861 million yuan

So understand it, the time of the establishment of this series of products is just on the eve of the collective explosion of Evergrande and other housing enterprises last year

At that time, the market was already very popular for the real estate market, but Mihayou rushed in at this time, and it is no wonder that he stepped on this thunder

At the end of the day, it's really real estate that everything can be

Here, by the way, although it is a thunderstorm, we have a wealthy Miha tour to say

Little meaning

Because the original god is really too profitable

According to Sensor Tower, a third-party data platform, the total revenue of "Original God" on the mobile platform has exceeded 20 billion yuan. Since its launch at the end of September 2020, Protos has generated $1 billion in revenue every 180 days or so.

Real estate, how to beat up the two-dimensional players

In August 2021, Mihayou was listed on the list of Shanghai's top 100 enterprises published by Jiefang Daily, and ranked 88th with a revenue of more than 10 billion yuan in 2020

According to this calculation, Mihayou's net profit in 2020 may reach 5.7 billion yuan, second only to Tencent and NetEase

And two years of pure income of nearly 25 billion, to know that the original god development is also 100 million US dollars, which is enough for Mihayou to open more than ten original god-level projects at the same time

But for now, Miha's only has "Absolute Zero", "Crash Star Dome Railway", and "Kochir Front" that has just taken the version number.

In other words, Miha's account is actually a large amount of money idle. As a result, Mihayou, whose wallet bulges up, in fact, in addition to buying financial management, also cross-border investment in industries that have nothing to do with games

According to public statistics, Mihayou has participated in a total of 18 companies, including tidal play, secret room, brain-computer interface, meta-universe field, and even in the aspects of rocket building, artificial sun, and nuclear fusion, there are also Mihayou figures

Real estate, how to beat up the two-dimensional players

Yes, you heard it right, all kinds of black technology we Havesan have inserted a foot, just as recently in May 2022, Mihayou announced the investment in the "Oriental Space" private rocket

Real estate, how to beat up the two-dimensional players

Good fellow, this is going to heaven

It can be seen that there is too much money, and not knowing how to spend it is also a kind of annoyance

Although this kind of annoyance I also want to experience it

But in the end, whether it will become a new hot search, we let time give the answer well

But as far as this matter is concerned, the essence is that in the past in the era of rapid development of the domestic Internet industry, the company's first choice after making money is to invest in horizontal or vertical expansion of the business

But today, when the industry is slowing down, this simple and rough way of playing is no longer applicable.

In the economic environment of low speed and slow travel, making money is a big problem for some companies, and for another part of the company that can make money, there is no environment for large-scale expansion of reproduction, and how to manage assets more safely and efficiently has become a new topic that has gradually emerged

The news of Mihayou's lawsuit against Minmetals Trust has been raging in the past week

In fact, this is only one of the many trust explosions, but what is reflected behind it is the great changes and status quo of the three industries.

When games, trusts, real estate, these three industries "intersect" together, it is as if they have been run over by the wheels of the times, leaving a deep trace

However, with the continuous thunderstorm of the real estate industry, the industries involved are obviously beyond the upstream and downstream industrial chains of real estate

Like the trust industry and the financial industry in a broader sense, the underlying assets of many financial products are bonds, commercial bills, etc. of real estate companies, and after these financial assets are sold, they are equivalent to buyers sharing the risk

The economic growth rate has slowed, and the house price has fallen, and not many people have noticed, because the situation in front of them is enough to be anxious. However, the fall in house prices and the inability to sell houses will not only affect the real estate industry, but also involve other real estate-related industries.

For example, the quadratic element

So you, the original god players who charge cards, have long snacks, and every monthly card you charge may lick the bricks and tiles for the real estate

Real estate, how to beat up the two-dimensional players

Finally, to sum up, Miha you, who became the upstart of the game by relying on "Original God", spent a lot of money to buy trust wealth management products invested in real estate, and as a result, encountered a real estate thunderstorm, and the money was adrift

Mihayou's three founders, two responsible for knocking code to make games, one responsible for product publicity, may not pay enough attention to macroeconomics and policy

With some money in my pocket and wanting to engage in cross-border investment, it seems that Mihayou still needs to find a few more professionals to take the lead

Whether to learn from a small bankruptcy station, with so much idle funds in hand, it is better to buy a building on the spot in Shanghai and build a few headquarters buildings, not only for self-use, but also for industrial incubation. In case the game made one day is yellow, maybe you can still sell the building to get back the blood?

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