Beijing, People's Republic of China (de facto) Cayman Islands (Incorporated Office)
Area served
People's Republic of China
Key people
Pan Shiyi (Chairman) Zhang Xin (CEO)
Revenue
RMB2.191 Billion (Fiscal Year Ended 31 December 2020)[1]
Operating income
RMB1.600 Billion (Fiscal Year Ended 31 December 2020)[1]
Net income
RMB543.466 Million (Fiscal Year Ended 31 December 2020)[1]
Total assets
RMB70.704 Billion (Fiscal Year Ended 31 December 2020)[1]
Total equity
RMB37.547 Billion (Fiscal Year Ended 31 December 2020)[1]
Website
www.sohochina.com
SOHO China is a Chinese building developer, primarily in the office and commercial sector, with some residential and mixed-use properties in its portfolio. The company, which uses the name "SOHO" in both English and Chinese contexts, was founded in 1995 by Chairman Pan Shiyi (潘石屹) and CEO Zhang Xin (张欣).[2] 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.[3]
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 figures such as Iraqi architect Zaha Hadid,[4] and Japanese architect Kengo Kuma.[5] The company has developed over five million square meters of commercial properties.[6] Many of its buildings have won awards and other recognition for their design.[7][8][9][10]
Fortune has described SOHO China as ""one of the country's most high-profile real estate firms",[4] and The New York Times has described the company as China's only pure prime office developer.[11][12]
Having shifted from a "build to sell" to "build to hold" strategy in 2012,[13][14][15] the company now holds 1.4 million square meters of office space in Beijing and Shanghai for long-term investment.[16][17][18] Although the company has sold several properties in the late 2010s, Pan Shiyi has said that "Soho will continue to hold and operate its core assets in Beijing and Shanghai".[15] Pan also noted in 2016 that the transition to "build to hold" was requiring the company to endure some difficult times,[15] but by the following year rental income had increased by 44%, contributing to a 69% increase in annual net profits for the company.[19]
In June 2021, Pan and Zhang struck a deal to sell a controlling stake to Blackstone for $3 billion.[20]
^ abcde"SOHO China Group 2020 Annual Report" (PDF). SOHO. 31 December 2020. Retrieved 26 August 2021.
^Bei, Hu (January 14, 2007). "Soho China revives IPO plan". International Herald Tribune (Bloomburg). Retrieved 2008-05-07.
^"Zhang Xin speaks on modern design, culture, and architecture". Council on East Asian Studies at the MacMillan Center at Yale University. Retrieved 15 May 2018.
^ ab"Meet the women transforming Beijing's skyline". 25 September 2014. Retrieved 2018-05-15.
^"Kengo Kuma creates a pleated aluminum mesh façade for Shanghai office tower". 16 July 2016. Retrieved 2018-05-15.
^"Zhang Xin: The Woman Who Built Beijing". 11 August 2017. Retrieved 2018-05-15.
^Cite error: The named reference AR Award was invoked but never defined (see the help page).
^Cite error: The named reference Betsky was invoked but never defined (see the help page).
^Cite error: The named reference Emporis was invoked but never defined (see the help page).
^Cite error: The named reference Tall was invoked but never defined (see the help page).
^"Developer Is China's Latest Hot Stock Offering". The New York Times. Retrieved 15 Mar 2015.
^"Zhang Xin & family". Forbes. Retrieved 22 Mar 2018.
^"Beijing Billionaire Couple's Real Estate Developer Soho China Says 1st-Half Profit Soared". Forbes. Retrieved 2018-05-15.
^"Who Says China is Building Too Much?". The Wall Street Journal. Retrieved 2018-05-15.
^ abcZheng, Yangpeng (17 August 2016). "Soho China to sell three more non-core sites, all in Shanghai". South China Morning Post.
^"SOHO plans spinoff of co-working division". Retrieved 2018-05-09.
^"Zaha Hadid Architects Unveil Photographs of "World's Tallest Atrium" Under Construction in Beijing". ArchDaily. Retrieved 2018-05-15.
^"Zhang Xin: The woman who built Beijing". CNBC. Retrieved 2018-05-15.
^Lo, Jennifer (March 23, 2017). "Soho China shares climb 7% on robust office leasing". Nikkei Asian Review.
^Zhong, Raymond (2021-06-17). "As China Scrutinizes Its Entrepreneurs, a Power Couple Cashes Out". The New York Times. ISSN 0362-4331. Retrieved 2021-06-18.
SOHOChina is a Chinese building developer, primarily in the office and commercial sector, with some residential and mixed-use properties in its portfolio...
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her husband Pan Shiyi, she is the co-founder and former CEO of SOHOChina, a Chinese office building developer. She stepped down from the role of CEO...
Shiyi (Chinese: 潘石屹; pinyin: Pān Shíyì; born 14 November 1963) is a Chinese businessman and he is Co-Founder and former Chairman of SOHOChina. He co-founded...
agriculturist. Soho's grandmothers, Sixta "Apo Ittang" Aspiras and Concepción "Cion" Soho, influenced her in telling stories. She is of Chinese descent through...
SOHO 3Q is a shared office space in China managed by SOHOChina. It is headquartered at Chaowai SOHO in Beijing. As of June 2019, the coworking space had...
Authority Building (Havenhuis) in Antwerp, Belgium (2016) Sky SOHO, part of SOHOChina developments (2014) The Heydar Aliyev Center in Baku, Azerbaijan...
Boston-based Rockpoint Group bought a 49% stake in 2010, selling it in 2011 to SOHOChina. Park Avenue Plaza is at 55 East 52nd Street in the Midtown Manhattan...
"Hillhouse Capital Advisors". docoh.com. "Hillhouse in talks to take developer SOHOChina private, sources say". CNBC. 13 November 2020. Retrieved 28 January 2021...
space providers Hot desking Office sharing Outsourcing Collaboration SOHOChina Babb, Courtney; Curtis, Carey; McLeod, Sam (2018-10-02). "The Rise of...
Soho House is a museum run by Birmingham Museums Trust, celebrating Matthew Boulton's life, his partnership with James Watt, his membership of the Lunar...
Associates Group (SPA Group) Zhang Xin 张欣 (born 1965), Chinese billionaire, co-founder and CEO of SOHOChina Bruce Le 黄建龙 (born 1950), Martial Artist, Actor...
Commune by the Great Wall (Chinese: 长城脚下的公社) is a SOHOChina-managed boutique hotel, in Yanqing District, Beijing, China. The Commune by the Great Wall...
Emmanuelle in Soho is a 1981 British sex film directed by David Hughes and produced by David Sullivan, and starring Angie Quick (under the name 'Mandy...
non-core assets. He has been an Independent Non-Executive Director of SOHOChina since 2007, an Independent Non-Executive Director at Asian Capital Holdings...
caters to tourists from other parts of China. Since a redevelopment in the 2000s by property developer SOHOChina, shopfront tenants along Qianmen Street...
Shiyi, who named him chief architect at SOHOChina Ltd in 1999. His first major project for the company was SOHO New Town, an office and apartment building...
Violent Soho were an Australian alternative rock band that was formed in 2004 in the Brisbane suburb of Mansfield, Queensland, originally under the name...
Global Information
RMB2.191 Billion (Fiscal Year Ended 31 December 2020)[1]
RMB1.600 Billion (Fiscal Year Ended 31 December 2020)[1]