No 3 Evergrande Group with revenue of 71.4 billion yuan
He Miaoling, vice-president of Hong Kong-listed Evergrande Real Estate Group Ltd, said the property sector seems to have stabilized after some major shifts earlier this year, including the decline in May and the failure of some small developers.
The company's sales rose 64.4 percent to 56.21 billion yuan from January to May. That's more than half of the full-year sales target of 110 billion yuan, company sources said.
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Xu Jiayin (L), Chairman of Guangzhou Evergrande Group, and Jack Ma (R), founder and chairman of Alibaba Group, raise thumbs at the deal-signing ceremony in Guangzhou, South China's Guangdong province, on June 5, 2014. [Photo/IC] |
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