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China Vanke Co., the country’s biggest property developer, revealed strong December sales figures on January 8, as the real estate market continued to warm up at the end of last year.
The company sold 1.17 million square meters of residential and commercial properties in December 2012, generating revenue of 14.07 billion yuan ($2.2 billion), up 94.9 percent and 141.8 percent year on year, respectively, the company said in a monthly report filed to the Shenzhen Stock Exchange.
The robust December sales brought the company’s full-year sales revenue to 141.23 billion yuan ($22.68 billion), up 16.2 percent year on year.
Poly Real Estate Group Co. and Shanghai Greenland (Group) Co., two other major property developers, also saw revenues exceed 100 billion yuan ($16.06 billion) in 2012, according to China Index Academy, a real estate research institute.
Biggest Smartphone
China’s Huawei Technologies unveiled a smartphone on January 7 with the largest screen in the world, aimed at challenging much bigger rivals, including Samsung and Apple.
On the eve of the Consumer Electronics Show in Las Vegas, the Chinese phone maker called its Ascend Mate the “most powerful smartphone” the world has seen.
The Ascend Mate device has a 6.1-inch screen compared with Samsung’s biggest smartphone to date, the Galaxy Note II, which has a 5.5-inch display. The Ascend Mate also has an 8-megapixel front-facing camera.
The company sold 1.17 million square meters of residential and commercial properties in December 2012, generating revenue of 14.07 billion yuan ($2.2 billion), up 94.9 percent and 141.8 percent year on year, respectively, the company said in a monthly report filed to the Shenzhen Stock Exchange.
The robust December sales brought the company’s full-year sales revenue to 141.23 billion yuan ($22.68 billion), up 16.2 percent year on year.
Poly Real Estate Group Co. and Shanghai Greenland (Group) Co., two other major property developers, also saw revenues exceed 100 billion yuan ($16.06 billion) in 2012, according to China Index Academy, a real estate research institute.
Biggest Smartphone
China’s Huawei Technologies unveiled a smartphone on January 7 with the largest screen in the world, aimed at challenging much bigger rivals, including Samsung and Apple.
On the eve of the Consumer Electronics Show in Las Vegas, the Chinese phone maker called its Ascend Mate the “most powerful smartphone” the world has seen.
The Ascend Mate device has a 6.1-inch screen compared with Samsung’s biggest smartphone to date, the Galaxy Note II, which has a 5.5-inch display. The Ascend Mate also has an 8-megapixel front-facing camera.