- Business
- Greentown Service Group Co. Ltd. (2869.HK) provides comprehensive property management and related services primarily in China, with operations extending to Australia and Hong Kong. Founded in 1998 and headquartered in Hangzhou, Zhejiang Province, the company delivers property management services including security, cleaning, gardening, repair and maintenance; consulting services such as project planning, design management, construction management, and marketing management consulting to real estate developers and property management companies; community living services encompassing home living services, community space services, property asset management services, and cultural and education services to property owners and residents; and technology services. It further engages in nursery operations, hotel and resort management, recreational services, exhibitions, market promotion, business consulting, housekeeping, computer networking technology consulting, education consulting, financial service outsourcing, pension services, information technology services, supply chain management, education technology, advertisement design, equipment maintenance, property management training, wholesale and retail, parking management, construction and design, lighting construction, investment management, science and technology promotion, community leasing, sales, and other ancillary services, managing properties across 203 cities in 31 provinces, municipalities, and autonomous regions with a contracted gross floor area of 481.7 million square meters as of June 2024. In late 2024 and early 2025, the company completed the acquisition of a 25% equity interest in Hangzhou Jiancheng Assets Management Company Limited for RMB220 million, enhancing its asset management capabilities through exposure to healthcare-related investments; disposed of interests in its Australian subsidiary Montessori Academy Group, classifying it as discontinued operations; announced a final dividend of HK$0.13 per share and special dividend of HK$0.07 per share for 2024; and conducted share repurchases including 20.4 million shares, reflecting ongoing capital management and strategic portfolio adjustments. As a subsidiary of Greentown China Holdings Limited, Greentown Service Group targets residential, commercial, government infrastructure, and urban complex properties, serving over 46,000 employees and focusing on digital, platform-based, and ecological services driven by smart technology.