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China's Dalian Wanda raises 5b yuan in crowdfunding

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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.

    CrowdfundingChina property

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