The developer is transitioning toward an asset-light model focused on commercial operations and services as the domestic property market endures a protracted downturn
Midea Real Estate spun off development; asset operations generated 226M yuan profit in H1, now 50%+ of total. China's property slowdown shifts value to recurring-revenue asset management over capex-heavy development—lower capital, higher predictability.
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Chinese developer Midea Real Estate Holding Ltd.’s asset-operations business became its biggest profit contributor in the first half, driven by the delivery of industrial park facilities following the spinoff of its traditional property development arm.
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