China's Dalian Wanda raises 5b yuan in crowdfunding
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
Share with us your feedback on BT's products and services
TRENDING NOW
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
South-east Asian markets account for 8.8% of global capital inflows from 2021 to 2024: report
