China New City Coml Dvlp Ltd

China New City Group Limited is an investment holding company engaged in commercial property development and investment, leasing, and hotel operations in Mainland China and internationally. It operates through four segments: Commercial Property Development, Property Rental, Hotel Operations, and Others. The company leases investment properties such as offices and shopping malls, and also provides project and project management, industrial investment, film and television, education, rural cultural tourism, agricultural product wholesale, low-altitude economy, and digital health businesses. It owns and operates hotels, was formerly known as China New City Commercial Development Limited, changed its name to China New City Group Limited in November 2023, was founded in 1997, is headquartered in Hangzhou, the People's Republic of China, and operates as a subsidiary of Ideal World Investments Limited.