Weidong Cloud Education Group

Introduction to Weidong Group

Weidong Group Co., Ltd. (hereinafter referred to as the "Group") was established in October 1998. It is a diversified enterprise group primarily engaged in real estate development and management, also venturing into mining, hotels, tourism, property management, and foreign investment. It is the only enterprise in Shandong Province that has been rated as one of the "Top 100 Chinese Real Estate Enterprises" by the Development Research Center of the State Council for eight consecutive years (2004-2011). In May 2004, the Group established and implemented the ISO9001:2000 quality system. In September 2009, as confirmed by the Development Research Center of the State Council, the Weidong brand value reached 633 million yuan.
In December 1998, the Group launched its first project—the renovation of the old village in Fushan Place, Shinan District (Xinguidu Community), which was a residential project. Subsequently, it developed projects such as Weidong Shangcheng, covering a development area of 600,000 square meters, achieving remarkable results and earning the reputation as an "expert in old city renovation."
In February 2001, the Group entered the Jinan real estate market, establishing Jinan Weidong Real Estate Co., Ltd. It demolished three old villages and successively developed projects like Weidong Xindu and Platinum Palace, with a development area exceeding one million square meters. The Jinan Smart Park project is also about to commence.
In July 2003, the Group cooperated in developing high-rise commercial, residential, and office projects such as Banff Spring, Dongyuehai, and Shiao International Building.
In March 2005, the Group established Qingdao Baitong Weidong Real Estate Development Co., Ltd., which successively developed projects like Jingyuan Xinju, Weidong Leke International Apartment, and Weidong Leke City.
In May 2006, the Group entered the Yantai market, establishing Yantai Weidong Tourism and Vacation Industry Co., Ltd., developing the Yangma Island Weidong Dynasty Resort Hotel project.
In October 2007, the Group entered the Weihai real estate market, establishing Weihai Huadong Real Estate Co., Ltd., developing the Nanhai Tourism Resort project.
In May 2008, the Group invested in the largest old village renovation project—Weidong City of Happiness—at Jinshui Road in Licang District (the core area of the CLD as planned by the municipal government), covering an area of one million square meters.
In March 2010, the Group jointly bid with Jinqiu Real Estate for a 300,000 square meter residential project at Yuntougu, Xiage Street, Chengyang District, as a land reserve project.
In May 2010, the Group held a grand groundbreaking ceremony for the Weidong Leke City project, marking the official launch of Weidong's commercial real estate development model. The project was designed by MIX from the United States and managed by CCD from Japan, making it Asia's first valley-style shopping park. The global leasing launch conference for Weidong Leke City was held on September 21, 2011, at the Shangri-La Hotel Qingdao. Vanguard and Oscar International Cinema signed contracts to enter Weidong Leke City, marking the beginning of the Group's first pure commercial project.
In November 2010, the Group fully acquired Qingdao Yulingu, marking its official entry into Qingdao's tourism complex real estate development.
In June 2011, the Group's 750-acre land reclamation project in Aoshanwei, Jimo—the southern section of the reclamation cofferdam—successfully passed inspection, laying a solid foundation for subsequent new projects in Aoshanwei. In August, the Group began acquiring projects in the New Territories and outlying islands of Hong Kong, marking its official entry into the Hong Kong real estate market.
As of the end of 2011, the Group had more than ten real estate projects under construction or in reserve in Qingdao, Jinan, Yantai, Weihai, and Hong Kong, with a cumulative land reserve of over 2 million square meters. The Group will deeply cultivate Shandong in the future, gradually transitioning from a single residential product line to a focus on residential development while also engaging in commercial, office, and tourism and leisure real estate projects.
While making outstanding contributions to the economic and social development of Shandong, Weidong adheres to the principle of "being compassionate and doing good deeds" and actively participates in public welfare and charitable activities, whether today or tomorrow.
In August 2003, the Group donated and built a primary school, kindergarten, and supporting facilities in Xigaze, Tibet, with a total value exceeding 30 million yuan. In June 2005, the Group donated 10 million yuan to establish the "Shandong Charity Weidong Children's Fund" to help impoverished children complete nine years of compulsory education and support outstanding underprivileged college students.
To promote traditional Chinese culture and save old Huizhou-style architecture, the Group invested heavily in the construction of a Beijing Huizhou-style folk club. The Group also sponsored the Qingdao International Regatta and made generous donations to fight against SARS and to support disaster relief in Yushu. To date, the Group has donated over 50 million yuan to society.
The Group continues to advance with vigorous steps, and the projects it has developed have received numerous honors in provincial, municipal, and district-level government department evaluations, including assessments of comprehensive quality, high cost-effectiveness, and leading sales volume for famous residential projects.