THE MONEY: Head of China-based Lesso Group, a supplier of pipes, building materials and home furnishings, with a reported revenue of $3.5B in 2024. Shares up about 40% in the past year; now has market cap around $1.9B (2128.HK). The company counts 50 subsidiaries and 30 production sites worldwide. Its American division is located in Corona.
BIG BUY: The Chinese developer in 2018 paid $92M to redevelop the former Fortunoff Source Mall in New York into a home furnishings retail center.
IN THE NEWS: A year ago, broke ground on 3.2M-square-feet project estimated to cost $822M in the Chinese city of Foshan.
