Wanda Group, one of the largest conglomerates in China, posted a 17.9 per cent revenue growth in the first half of this year, as its traditional property business languished in spite of the recent property boom before government curbs began to bite.
Gross revenue of the group, with businesses ranging from property to entertainment to financial services, totaled 134.8 billion yuan(US$19.8 billion) in the first six months, compared with the year-earlier period.
Share of the group’s property…
Source : South China Morning Post
Read more…Wanda’s property business slows as it focuses on service sector
