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China's Dalian Wanda raises 5b yuan in crowdfunding
Published Fri, Jun 19, 2015 · 09:50 PM
Hong Kong
DALIAN Wanda Group, China's largest commercial property developer, said it raised five billion yuan (S$1.07 billion) last week from investors online and will also use crowdfunding to refinance another 5 billion yuan in two weeks.
Major Chinese real estate developers have started turning to internet financing as they face difficulties in securing loans from traditional sources such as money trusts.
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