Chairman: Wang Shi
Industry: One of the world's largest residential real estate developers
Annual revenue:$21.6 billion (fiscal year 2013)
Signature project: The Fifth Garden residential complex in Shenzen
Lumina, S.F.:$175 million equity investment in condo development to become joint venture partner with Tishman Speyer. February 2013
China Vanke Co. Founded in 1984.
China Vanke Co., Ltd. has become a leading real-estate company in China since it stepped into the housing market over thirty years ago in 1988, with its main business being real-estate development and property service. Adopting the strategy of focusing on city clusters, Vanke has established its presence in 65 cities in mainland China by the end of 2014, mainly in the Pearl River Delta centered on cities of Guangzhou and Shenzhen, the Yangtze River Delta centered on Shanghai, the Bohai Rim Region centered on Beijing, and the Chengdu Region which covers major cities in Midwest China. Since 2013, Vanke made its attempts to invest overseas. It has now been involved in six real-estate development projects in Hong Kong, Singapore, Los Angeles, and the New York City. Its sales volume in 2014 amounted to RMB215.13 billion for 18.064 million square meters, making it an industry leader globally in terms of sales performance. Vanke conducts its property service business mainly through Vanke Property Development Co., Ltd. (Vanke Property), which has the mission to provide first-class property service and building maintenance consistently. By the end of 2014, Vanke Property had 457 property service projects in 61 large- and medium-sized cities in mainland China, covering a contractual property management area of 10.340 million square meters.more » « less