Lu Zhiqiang controls China Oceanwide Holdings, which has interests in the commercial real estate, finance and energy industries. The company has about 20,000 employees worldwide, and has recently raised its investment in the U.S., with around $10B coming into the country as of late last year.
China Oceanwide Holdings is planning to develop a supertall residential and commercial tower in New York City. The site at 80 South St. has cycled through numerous redevelopment plans over the last decade, and China Oceanwide Holdings purchased the tract in 2015 and shared designs for a 1,436-foot-tall project over a year ago, but the project is finally getting some traction and could begin soon.
The firm also closed on a deal to acquire a 90% stake in Boston-based media, data and marketing firm IDG earlier this year. Lu serves as a vice chairman of Minsheng Bank's board of directors. — Scott Klocksin
