China Merchants Land Limited is a property developer operating in China and Hong Kong through two segments: Properties and Asset Management. It develops, sells, and leases residential properties and mixed residential-commercial complexes, including apartments, villas, offices, and retail shops. The company also provides asset management services for office premises and shopping malls, as well as real estate investment trust management services. Formerly Tonic Industries Holdings Limited, it changed its name to China Merchants Land Limited in November 2013. Founded in 1997, it is headquartered in Central, Hong Kong, and operates as a subsidiary of Success Well Investments Limited.