China’s Largest Property Developer Vanke Seeking International Expansion

11/09/2012 1:56 pm


China’s Vanke Group, the country’s largest residential property developer, announced last week an international strategy on Friday.

Company President Yu Liang made the announcement during a press conference in Hangzhou. Yu did not announce any specific areas, however he said that Vanke would be willing to work in many areas around the world.

Currently, the Shenzhen-based company has set up a management team in Hong Kong and has been preparing to build a business promoting group in the US.

The announcement comes on top of Vanke acquiring Winsor Properties this year, which is part of Vanke's international strategy, Yu said.