---- Fußgänger vorbei an einem Namensschild von Grönland in Shanghai, China, 14. Mai 2011. Chinesischen staatseigenen Konglomeraten Grönland Holding Group ist
--FILE--Pedestrians walk past a signboard of Greenland in Shanghai, China, 14 May 2011. Chinese state-owned conglomerate Greenland Holding Group is beefing up its expansion overseas with another investment in South Koreas Jeju Island, a popular destination for mainland tourists. The Shanghai-based developer said Wednesday (20 November 2013) it plans to invest 6 billion yuan ($984 million) to build 58-story twin towers on the island, where it is currently building a large-scale mixed-property complex that includes a casino. This year, the company has committed to investing more than $10 billion in overseas projects, and has sunk more than $3 billion in them so far. It expects revenue from abroad to exceed 2.5 billion yuan this year, and exceed 10 billion yuan next year. Greenland is among the highest-profile mainland Chinese property companies to go on a shopping spree this year, buying projects in New York, Los Angeles and Sydney, among others, but it is hardly alone. China Vanke Co. has projects in San Francisco, Hong Kong and Singapore, while Dalian Wanda Group is developing a $1 billion luxury hotel in London.
