- CEO
- Meng De Wang
- Full Time Employees
- 31,365
- Sector
- Finance
- Industry
- Real estate development
- Address
- Rongke Wangjing Center Beijing BE China 100007
- IPO Date
- Oct 7, 2010
- Business
- Sunac China Holdings Limited operates as a leading real estate developer headquartered in Tianjin, China, specializing in large-scale, medium to high-end residential and commercial property development. Its core products and services encompass property development; cultural and tourism city construction and operation; property management, including security, cleaning, greening, gardening, and maintenance; ice and snow operation management through its Sunac-BonSki brand which manages large-scale indoor ski resorts across major Chinese cities; hotel operations; office building rentals; film and cultural investment; theme park operations; and fitting and decoration services. The company’s geographical operations span major Chinese cities including Beijing, Chongqing, Wuxi, Shanghai, and Tianjin, among others. Founded in 2003, Sunac has positioned itself as a diversified operator in real estate, cultural tourism, and related service sectors.
In recent years, Sunac has pursued an aggressive expansion and diversification strategy, marked by significant acquisitions such as the 2017 acquisition of Dalian Wanda’s tourism projects and hotels in a $9.3 billion deal, elevating its presence in the tourism and hospitality industry. Additionally, in 2016, Sunac acquired a 70% stake in Yunnan Yuntian Huizhong Property Group and multiple real estate projects from Legend Holdings, significantly expanding its land bank across several second-tier Chinese cities. In 2024 and 2025, Sunac has actively engaged in strategic financial restructuring, including a major offshore debt restructuring of approximately $9.6 billion and introducing common and convertible bond issuances to improve financing flexibility. It also entered a recent strategic partnership with New Zealand-based NZSki to promote cross-border ski training and tourism. Sunac continues to innovate through investments in smart city initiatives and sustainable development, with about 50% of its projects certified under green building standards.
Sunac’s main industry segments include property development, property investment, property management, cultural tourism, and real estate services, targeting a broad market from residential end-users to commercial tenants and tourism consumers within China and select international partnerships. The company remains focused on integrating high-quality products with diversified business lines such as indoor snow sports, cultural tourism, and film and TV production services to differentiate itself in a competitive market environment. Sunac actively manages over 11 large indoor ski venues and several theme parks, positioning it as a leader in China’s emerging indoor snow sports industry.
Overall, Sunac China Holdings Limited leverages its diversified portfolio and extensive geographic footprint within China to provide high-quality real estate developments and comprehensive property and tourism-related services, while managing its capital structure to sustain operational flexibility amid market and regulatory challenges. This strategic approach supports its vision to be a leading integrated urban and cultural developer with growing international ties.