Beijing – As a prominent and powerful comprehensive enterprise group, Galaxy Group has established an ecosystem based on the layout of real estate, finance, industry, commercial and property integration, and has completed the proactive transformation from an urban real estate provider to operator. For the past 31 years, this company has grown from “venturing” to “creating” alongside Shenzhen’s rise, witnessing and effectively promoting the city’s development.
Founded in 1988, Galaxy Industry Group is a professional industrial real estate investment and operation group company aiming to transform the Urban Real Estate Developer to Operator. They are involved in building projects in order to response to the country call of “deepening reform in an all-round way and accelerating economic transformation and upgrading”. This group is devoted to facilitate enterprises growth, and provide clients with a new engine operation model where industry, city, financing and investment match with each other.
The self-owned community, commercial and industrial city integrated complex projects has a total development area of over 50 million m2 and has 10 million individual big data users, providing huge experimental field which has become a broad market application for the entrepreneurial teams. Using the concept of industry alliance and attracting investment by related services, Galaxy World has attracted over 600 Enterprises to form a large-scale industry cluster. It is home to 14 Fortune 500 Companies and 31 Listed Enterprises. Occupancy rate is 98%, of which strategic emerging industries like AI, Robotics, New Energy and Materials, Culture Creative account for 52.2% of the companies in the park.
Chen Zhong -The Powehouse behind the Galaxy Industry Group: Mr. Chen Zhong, serves as the President of Galaxy Industry Group and the Dean of Galaxy City Innovation and Development Research Institute. He has been elected as the member of the Fifth Committee of Shenzhen Longgang District CPPCC and the President of the Longgang District Enterprise Innovation and Development Service Chamber of Commerce. Mr. Chen Zhong graduated from Jilin University and China Europe International Business School (CEIBS) EMBA. He worked in investment management in state-owned investment companies, Hong Kong listed companies, overseas asset management companies, private investment management companies, etc. He successfully hosted the planning and implementation of multiple equity investments, mergers and acquisitions, real estate development, and industrial investment projects. With profound industry knowledge, Mr. Chen Zhong brings with him deep Industry awareness and rich practical experience in financial investment and industrial operation, which has helped him setting a business empire as huge as Galaxy. No doubt, he is an excellent leader at the helm.
Diversified Product Lines:
Galaxy has always followed the latest trends in Real Estate and has implemented a four-in-one integrated concept that encourages society committed development among industries, cities, people and cultures. The major projects which has been introduced recently are:
- New City Type Projects that integrate various industries and financial capital
- Innovation and Entrepreneurship Communities
- Themed Town Projects
- Central Business Complexes
Setting an example and bringing changes, Galaxy plans to introduce Shenzhen Galaxy World Industry and Business Park with a total construction area of about 1.6 million and a total investment of RMB 15 billion. This Project is located close to the business district of Shenzhen North Railway Station, Banxuegang Science and Technology City, Futian CBD, and south wing of Longgang District (known as “one center with four wings”). As a result of its superior intercity resources and convenient transportation network, it connects the various industry core areas located in Shenzhen, Dongguan and Huizhou. The internal strategy is to gather various emerging industries within this region, while the external strategy is to undertake the economic spillovers from the central area and hi-tech zone to establish the Industry and Business Park base, thus creating a new economic center in the Guangdong-Hong Kong-Macao Greater Bay Area to empower modern enterprises. Creating a new economic engine- GALAXY’s Drive for Development. Backed by the comprehensive development advantages of Galaxy Holding Group, Galaxy Industry Group integrates the diversified industrial resources and external resources of subsidiaries, and rises rapidly with its amassed strength. It has established nine branches including the investment development company, operation company, investment agency company, industrial city research institute, Bowen Research Institute, Guoyun Culture Company, Zhishan Internet, Dejian Energy and Xingmei Sports. Galaxy Industry Group has been able to harness its six core competencies of industrial planning research, joint investment, alliance operation, financial investment, innovation incubation and comprehensive development, in its four major business segments, namely development and operation of industrial carriers, investment in industrial capital, and operation of industrial entities. With the investment funds exceeding RMB 5 Billion Yuan, the Group has incubated and invested in more than 200 enterprises.
In addition, Galaxy Industry Group has focused on the key urban clusters such as the Yangtze River Delta, Beijing-Tianjin-Hebei, and Chengdu-Chongqing Economic Circle, creating a multi-lines and industrial highland that attracts talents, gathers industries to develop and grow together.
At present, Shenzhen, Chongqing, Tianjin, Chengdu, Nanjing, Zhengzhou, Zhuhai, Huizhou and Puning projects have entered the stage of construction and operation, with Guangzhou, Hangzhou, Wuhan, Dongguan, Wuxi and Guiyang.
Innovations Introduced:
As a well-known top 100 real estate company in China, Galaxy Industry Group has grown into a large-scale comprehensive investment group in China from the past 31 years. Under the call of the country of mass innovation and entrepreneurship, Xinghe actively laid out the field of innovation and entrepreneurship, gradually involving in early investment, and committed to becoming the industry core shaper, with the “production, city, financing and investment” innovative operation mode, accompanied by various stages. Since then, the company has grown bigger and created a new engine of ‘Innovation and Economy’.
Founded in June 2015, Galaxy ‘Leading the World Incubator’ was jointly established by the Galaxy Holding Group and three academicians of the Chinese Academy of Engineering to serve the innovation and entrepreneurship platform of early entrepreneurial projects. Based on space operations, Galaxy ‘Leading the World Incubator’ has established a space for innovation in eight cities including Shenzhen, Chengdu, Zhuhai, Chongqing, Nanjing, Guangzhou, Puning and Zhengzhou, and has offices in Silicon Valley and London, UK. It has formed an ecological community composed of thousands of incubating enterprises with office space as the carrier.
Well-known enterprises such as Today’s headlines, Cheetah Mobile, Dajiang Huifei, Future Workshop, Xiaoyu Yilian, Handu Yishe, and Finyuan Technology have already occupied the utility space. Through the construction of innovative ecological communities, the utility of
platform empowerment has gradually been achieved. On this platform, not only can the upstream and downstream docking of the industrial chain be completed, but also ecological re-organization can be realized, providing an environmental soil for the generation of innovation effects.
Equity Investments- In order to better achieve win-win development with entrepreneurs, Galaxy Leading the World Incubator proposed innovative cooperation models such as “service-for-equity exchange” and “rent-for-equity exchange” to help enterprises enter the capital market. As an incubator for equity investment, Galaxy has obtained the qualification of private equity fund manager in 2016, and its equity investment brand – Galaxy Venture Capital, has combined high-quality resources such as Shenzhen Venture Capital, Zhangjiang Hi-Tech and University of Electronic Science and Technology.
At present, Galaxy Venture Capital has set up 8 funds independently or jointly, with a total scale of nearly 5 billion yuan. It has invested in Yunshang Technology, Guoxing Aerospace, Tianyi Research Institute, StarCraft Glory, Genuo Bio, Youkeyi and a number of high-quality enterprises such as Jiahe, Taiheshui and Sugikawa Robots. Investment funds focus on artificial intelligence, commercial aerospace, health, and consumption. The space carrier of Galaxy ‘Leading the World Incubator’ also provides hundreds of investment targets for Galaxy Venture Capital every year. To this end, Galaxy Ventures has introduced more than 100 entrepreneurial tutors in nearly eight professional fields, including several academicians of the Chinese Academy of Engineering, university professors, well-known investors, and CEOs of large and medium-sized enterprises.
‘Tailoring’ Incubation- In response to the characteristics and development stages of different enterprises, Galaxy ‘Leading the World Incubator’ combines with other high-quality resources to carry out “tailoring” incubation for enterprises, based on five service systems of industrial
services, policy services, investment services, community services and logistics support. The incubation company provides a full range of services. At present, it has cultivated and served more than 200 start-ups, with a total project value of over 16 billion yuan. In May 2019, Galaxy ‘Leading the World Incubator’ completed the first “rent-for-equity” incubation exit project (IRR140), which also marked the completion of the industrial incubation of enterprises circle from incubator to industrial park. Setting Start up Camps- Galaxy ‘Leading the World Incubator’ not only builds a corporate exhibition stage, but also builds a circle communication platform for enterprises, and injects high-quality resources into the incubation service to accelerate the growth of the enterprise. In order to attract overseas high-quality entrepreneurial projects and serve returning talents, Galaxy began to operate the European and American Alumni Association and Haigui Entrepreneurship Institute (Shenzhen) in 2015. From 2016 to 2019, four consecutive start-up camps have been held, attracting 320 entries from the US, UK, Japan, France, Hong Kong, Macao and Taiwan regions accumulating 75 projects. The Entrepreneur Accelerated Camp graduation team will participate in the overseas study tour organized by Galaxy. The study tour will invite well-known domestic investors to participate in the whole process and explore the overseas emerging technologies, startup companies, incubators with entrepreneurs for a 10-day close exchange. At the same time, the first winners of the Innovation and Entrepreneurship Competition held by the local creation space will also receive free overseas study seats, which is extremely attractive to the entrepreneurs.
Exploration of Artificial Intelligence and its Competencies:
In the field of artificial intelligence, China supports major projects of artificial intelligence and quickly promotes the rapid development of the industry. Galaxy has a certain core competence when it comes to artificial intelligence, and has built a 24-hour sea, land and air artificial intelligence test site. It has created a circle exchange platform and has set up a special investment fund with institutions such as Shenzhen Capital Group. At present, they have invested in Cloud Technology, Sugikawa robots and Lingbi robots. Galaxy ‘Leading the World Incubator’ Investment Fund focuses on areas such as artificial intelligence, commercial aerospace, big health, and large consumption. The remote sensing satellite and its upstream industry are the key investment directions of Galaxy Company. In
terms of corporate investment choices, Galaxy Group is the first to focus on the team background; the market segmentation accuracy of the startup company and notice that commercial aerospace companies use cost-effective control to effectively control costs. At present, they have invested in three companies, StarCraft Glory, National Star Aerospace and Tianyi Research Institute. In terms of team and technology, the three companies have absolute advantages.
On July 25th, StarCraft Glory completed the first launch vehicle launch of China’s private commercial aerospace. Its SQX-1 Y1 is also the largest and most capable rocket in China’s private space flight. At the same time, as a smart satellite network company, on August 26, Star Aerospace launched the third-generation AI satellite system, which is currently the world’s strongest performance AI satellite system of the same magnitude. Tianyi Research Institute has been at the forefront of the development of Chinese satellite companies, established for three and a half years, a total of it was issued 7 times and 13 satellites were launched.
The Win-Win Principle- Integrity, Innovation and Responsibility: At Galaxy, employees are treated with respect and civility, and are recognized for their valuable contributions. The integrity earns the trust of our customers and partners, which in turn contributes to company’s success. They believe that honesty, justice and fulfilling promises are the underpinnings of great business relationships. Innovation is the only magical formula for enterprises to survive in the unstable environment. Innovation can help create extraordinary value of customers and strengthen competiveness. At Galaxy, they follow the existing guidance, but do not cling to the outdated one.The company and its team are always committed to responsibilities such as customers with satisfied products and services; helping employees to realize their own value and offering positive returns for investors and profits for partners. The company’s success relies on the effort of group instead of individual. They create business and share results with each other. This is the Win-Win principle that they always pursue and which leads them to more accomplishments.
The Continuous Pursuit of Excellence:
Galaxy Group is always in the pursuit of becoming the top real estate developer to define the new civic life and the center for the city. Their wisdom and values are deeply embedded in the past 31-year history, which boosts the second rapid development of Galaxy Holding Group in the fierce competition. The team ensures high quality deliverables in real estate, finance, property management and other related service. They learn from the past and forge ahead into the future to expand their business. They conduct themselves with the passion and determined effort, go forward and contribute to the bright future of cities. Galaxy Holding Group focuses on the development strategy of ‘co-creating value, sharing interest and assuming joint responsibility, diversification, specialization, and internationalization’. The company adheres to an enterprise spirit of unity, service, development and social responsibility following the policy of optimizing first, attracting talents, building platforms, creating brands, and making profits with partners and clients. This group has built a self-enhancing ecosystem with Industry as the Lead, Finance as the Driver, Real Estate as the Foundation, Business as the Support and Property Management as the Supplement to comprehensively participate in the urbanization development process from the aspects of land, commercial, industrial and capital operations.
Expanding Horizons:
Galaxy has throughout followed its heart to expand business all the way to the East. In Changzhou city of Jiangsu Province, Galaxy has chosen to expand cooperation with China’s Top 100 Special School – Huxiao Education Group. Galaxy has built Wujin Xinghe Primary School with RMB 250 million and over 33 000 sq mt. of core land. In order to meet the needs of software and hardware facilities, Galaxy Holding Group has also sustained its investment to build up standard natatorium, basketball gymnasium, library, multi-functional room and auditorium.
In addition, Galaxy group has innovated the teaching models and features by introducing ‘small- class teaching’ practice. The top-ranking project quality, full-fledged equipment and the high- caliber educational resources are all reflections of Galaxy’s devotion to the lifetime happiness of the clients. Through these initiatives, Galaxy has fulfilled its commitment to developing education by quality projects and innovative school running model.
Recognitions:
Galaxy group has achieved much recognition in its way to success. Some of them are as below:
- Recognized as one of the Top Ten Chinese New Industrial City Operators (Comprehensive Strength) in 2019
- Ranked first among China’s Industrial Space Operation Innovation Enterprise (2019)
- Recognized as one of China’s Annual Influence Production City Development Operator
- Galaxy Group was awarded as one among the Top Ten Industrial Parks in China
- It became the first runner-up in the ‘Top 20 China Industrial Park Gold Project’, 2019
- The Group was selected to be included among the first batch of innovation and entrepreneurship bases in Shenzhen
- Galaxy was awarded the ‘National Model Base Industrial Park’
- It was selected as one of the Top Ten Key Projects in Shenzhen
One step closer towards Humanity:
Galaxy industry always believes that corporate social responsibility shoulbe in line with their corporate culture. In addition to its rapid business development, Galaxy has shouldered its responsibility as a corporate citizen by actively participating in social welfare and charity undertakings to give back to the society. Being thankful all the time and contributing back to society is their pursuit.
In the previous years, Galaxy group has donated more than RMB 1 billion to charity and religious groups and RMB 1.8 billion to educational causes and has been awarded the title of “Shenzhen Charity Enterprise”. From Shenzhen to Guangzhou, from Huizhou to Changzhou,From Wenxian (Gansu) to Lankao (Henan), Galaxy has already established more than 20 schools to support the local charity events. Apart from this, Galaxy aims to provide the children with best education resources and improve the average level of education. As the first trial in education real estate, in Longgang District, Galaxy combined real estate project with the well-known schools in order to offer superior educational resources. Galaxy included the first branch of the primary school of Shenzhen Experimental School into Galaxy Era Residential Complex, which helped to strengthen the education level of Longgang District and become a new milestone to Shenzhen’s elite education.
In addition, Galaxy group helped the post-disaster reconstruction of Chengguan No.1 elementary School of Wenxian after the 2008 earthquake. In May of 2010, the new teaching building with investment of approximate 9 million RMB was built up as a sample project. The new building was a four-story frame structure, with a total construction area of 4112 square meters, which can accommodate five grades of total 1500 students.
Furthermore, Galaxy is doing its bit to fully support the flourishing development of China’s educational undertaking. Galaxy has donated another RMB 4 million to Guangzhou’s only public Nansha Primary School and Nansha Kindergarten to upgrade their personnel systems and the hardware facilities. It is the third inter-industrial cooperation between Galaxy Holding Group and South China Normal University.
A Look to the Smarter and Brighter Future:
The Galaxy Group is always committed to become an enterprise that can change the civic life of the society. The Three Pearl of Galaxy, Galaxy International, COCO Park and Galaxy Dandi provide people to explore the civic living mode with a combination of city and nature. Galaxy World brought innovation and entrepreneurship to this city which led to its development. In the next five years, Galaxy shall be the leader of urban real estate operator, integrate internal and external resources. They plan to create a model of urban development that suits local conditions, assist in urban upgrading and promote regional prosperity. It shall serve the city with a responsible spirit and reshape the city’s value. In addition to their own resources, the company also is deciding to introduce strategic partners and at the same time, establish a cooperation platform on a global scale to help entrepreneurs connect to the market more quickly. With the corporate philosophy of integrity, they have already formed a business model including four groups: real estate, finance, industry, commerce and property. Galaxy hence, strive to provide smart and convenient life mode for the citizens, fulfilling their vision with innovative thinking, stable development and cross-industries integration.