Shanghai Summit Group was founded in 1992 and is an industry-leading company of developing and operating commercial property. By the end of 2015, the total assets of Summit Group is about RMB 55 billion.
Since its establishment, with the solid strength, excellent performance and good reputation, Summit Group has been widely recognized by the market and accumulated rich experience in real estate development and commercial property management. The brand "Longemont" of Summit Group has become well-known. At present, Summit Group is holding and running commercial propertyin Shanghai nearly up to one million square meters, comprising of Longemont shopping mall, Shanghai Longemont Hotel, Longemont Renaissance Hotel, etc.
In 2007, Summit Group started national strategy and invested projects in Shenyang, Chengdu, Xi'an and other cities. Nowadays, Summit Grouphas one project in Shenyang covering planned construction area of 4.37 millionsquare meters, one project in Chengdu covering planned construction area of 1.72 million square meters and one project in Xi'an covering planned construction area of 2 million square meters.
In 2016, in response to a national call of encouraging socialcapital to invest in tourism, Summit Group is investing RMB 20 billionin on Taihu Longemont Paradise.