Property News · August 24, 2020

China Overseas Land & Investment develops technology ecosystem to create new income source, as first-half revenues beat expectations


China Overseas Land & Investment (COLI) is moving to develop a technology ecosystem to create new sources of income amid a slowing property market, as the developer’s first-half revenues beat expectations.The company has set aside 20 per cent of its resources to establish new businesses in the elderly living, education, logistics and supply chain management sectors to “foster new sources of profits”, chairman Yan Jianguo said in an earnings teleconference on Monday afternoon.The state-owned…

Source : South China Morning Post
Read more…China Overseas Land & Investment develops technology ecosystem to create new income source, as first-half revenues beat expectations

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