MDJM LTD was incorporated in the Cayman Islands on January 26, 2018. We conduct our business, as an emerging, integrated real estate services company in China, through our variable interest entity which we control via contractual arrangements, Tianjin Mingda Jiahe Real Estate Co. Ltd. (“Tianjin Mingda”). Tianjin Mingda was founded in 2002 and is headquartered in Tianjin, China.
We primarily provide primary real estate agency services to our real estate developer clients, and provide, on an as-needed basis, real estate consulting services, and independent training services.
Our primary real estate agency services offerings include, integrated marketing planning; advertising planning and execution; and sales planning and execution. Typically, we will sign a marketing and sales agency agreement with property developers to undertake the marketing and sales activities of a specific project. The scope of service varies according to clients’ needs; it could be a full package of all the above services, a combination of any two of the above services or any single service.
For our real estate consulting services, we provide integrated marketing planning; advertising planning and strategy; and sales planning strategy. Our clients include real estate developers, real estate design institutes and agencies, urban planning bureaus of various levels of governments, urban rail transportation companies, as well as urban infrastructure development companies.
For our independent training services, we may be engaged by real estate developer clients to act as an independent third-party training services for the primary agency sales agents engaged by the developers. We delivered this service as a pilot project in 2016 in response to client’s engagement, and began generating revenue in 2018 following our expansion into this service offering.
Currently, our primary market is in the Tianjin Autonomous Municipality. Since 2014, we have expanded our market presence to other first and second tier cities in China including Chengdu of Sichuan province, and Suzhou and Yangzhou of Jiangsu province. As of May 23, 2018, we have 84 real estate sales professionals employees and retain additional sales associates, as needed, through third-party staffing companies for specific real estate development projects, on behalf of the real estate developers.