…its platform, and will allow buyers to transfer title to their purchases, leading Wanda chairman Wang Jianlin to compare the financing system to a REIT. Greenland Planning a Range of Financial Products According to Greenland officials, its new online financing platform will offer a variety of products and services for both retail investors and corporate clients. In a statement, Jack Yang, president of the newly formed financial subsidiary said, “…
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Omnichannel Retail is Coming to Hong Kong, But Don’t Expect Lower Rents Says JLL
…t renewed a lease originally signed in 2015. HK Retail Goes Omnichannel While online retail may not mean an end to traditional shopping, landlords will have to be ready to accommodate retailers that are selling to consumers who use smartphones and desktops for their shopping as much as they rely on strolls through the mall. “The future of the retail market of Hong Kong lies in its evolution into omni-channel retailing,” Ma said at a media briefing…
Wanda Launches Online Investment Product to Crowdfund Malls
…estors to own quality property and share the hefty investment returns with leading commercial property developers,” the company said in a statement. During April, Shanghai’s Greenland Group launched a similar online investment product of its own, and raised RMB 200 million ($32 million) within 30 minutes. Wanda announced its Internet agenda just days after Greenland’s successful launch, and said that the new online platform would be a key source o…
JD.Com Partners with Mainland Brokerage to Lease Homes Online
…ers, including Country Garden, Vanke, Sunac China Holdings. One year after it first opened, the online real estate portal now gives lists new homes in some 2,027 real estate projects in over 20 cities. Regarding its role in the real estate sector, the online titan said it will not get involved in real estate development, but will focus on being service and platform provider for the industry….
Daito Trust Will Invest a Combined US$74 million in JustCo and in a New Japan Joint Venture Sponsored Feature
…ecially in the rental housing field, the Company has established an unparalleled position as the number of rental housing units under management totals 1.1 million. After the achievement of the increase in sales and profits for the 11 consecutive years in the fiscal year ended in March 31, 2019, the Company is now implementing the New Five-Year Plan under the leadership of the new CEO Kobayashi from this fiscal year to achieve the continued increa…
Wanda Takes Aim at O2O Prize with Buy of Online Payment Provider
…online payment solutions for all Wanda’s businesses, and quickly become a leading payment and financial service provider in China,” according to Reuters. More Jousting with Jack Ma By acquiring 99Bill, Wang appears to be setting up a showdown with rival Jack Ma. The Alibaba chieftain displaced Wang as China’s wealthiest man on the Forbes China Rich List for 2014, and already owns China’s biggest online payment service Alipay. Alipay dominates the…
Wanda Testing New O2O Platform with Tencent, Baidu
…fastest growing category of retail sales and mobile commerce grows at double-digit rates Movies are another major component of Ffan’s offerings. According to China’s Ministry of Commerce the country’s online retail sales grew more than 41 percent from 2012 to 2013 (the most recent annual statistics the ministry has released), tripling the growth rate of the retail sector overall to reach RMB 1.85 trillion. Wanda’s fleet of department stores has f…
Alibaba Invests HK$1.86B in E-House to Launch Online Real Estate Platform
…Sina in return for 78.7 million E-House shares. In its 2019 annual report Leju indicated that Zhou Xin owned 52.1 million shares in Leju, equivalent to 38.3 percent of the company’s equity, while Sina had 42.1 million shares to maintain a 31.0 percent holding. At the end of 2019 E-House held a 35.2 percent stake in Leju, which barring other trades by company would now give the agency a 91.39 percent holding in the property listings platform, maki…
The Millennial Force: Changing the Workplace and its Culture Sponsored Feature
…ate individual, it is under Wan Sing’s leadership that JustCo has become a leading player in the market in just a short period of time; recognised for providing open, collaborative and flexible co-working spaces to clients. To date, JustCo has more than 30 co-working centres located in key cities across Asia and has increased its footprint tenfold since it first started. About JustCo Founded in 2011 and headquartered in Singapore, JustCo is Asia’s…
Wanda Launching Online Investment Product to Fund 900 New Malls
…er. With China’s real estate sector confronting a “new normal” of slower sales and less demand, developers like Wanda and Greenland Group are finding that their traditional funding model of bank loans and aggressive pre-sales of projects to pay off those loans don’t work as well as they used to. Wanda, even if it rents out the retail space in its Wanda Plazas, is known for building its malls as part of larger mixed-use complexes that include resid…
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