In March, chairman Sun Hongbin admitted that Sunac’s investment in entertainment conglomerate LeEco had been a dud, and declared the company would stick to what it knows: property. Sunac is China’s fourth-largest developer by sales, which rose 76% in the first half of this year over the same period in 2017. It builds both residential and commercial projects and specializes in integrations of the two. And it sits on a massive land bank—155.9 million square meters as of June—that includes a large stock of salable land in major cities to fuel future growth.
|Industry||Real Estate Management and Development|
|HQ Location||Tianjin, China|
|Revenues ($M) (Past 12 Months)||$15,248|
|Profits ($M) (Past 12 Months)||$2,574|
|Market Value as of Oct. 10, 2018 ($M)||$12,056|