Zhuhai GREE Group Co., Ltd. is a Chinese state-owned enterprise based in Zhuhai, Guangdong Province. The enterprise was owned and supervised by the State-owned Assets Supervision and Administration Commission (SASAC) of the Zhuhai Municipal People's Government.
GREE Group was the parent company of publicly traded companies GREE Electric and GREE Real Estate before they were transferred in the late 2010s.
History
GREE Group was an investment vehicle of Zhuhai local government, which GREE Electric and GREE Real Estate were the notable assets of the company. However, in the past, multiple managers of the company were arrested for corruption.[3][4]
The stake of GREE Real Estate that held by the group was transferred to another entity of Zhuhai Municipal People's Government in mid-2015 (along with others assets, such as a management company of Zhuhai checkpoint of Hong Kong–Zhuhai–Macau Bridge).[5]