China Minsheng Investment Group (CMIG) has sold its 50 percent stake in a mixed-use project in Shanghai’s South Bund area to Greenland Group for RMB 12 billion ($1.77 billion), disposing of the high-profile site at an apparent loss as it… Read More>>
Dalian Wanda has sold 37 department stores to Chinese retailer Suning.com for an amount estimated to be less than RMB 8 billion ($1.18 billion) as China’s largest commercial developer continues a two-year sell off of overseas and non-core assets after… Read More>>
Chinese e-commerce giant JD Group has bought an aging landmark hotel in Beijing for RMB 2.68 billion ($396 million), with the world’s third-largest Internet firm saying that it plans to convert the facility for business and R&D use.
Beijing-based JD Group… Read More>>
Dalian Wanda boss Wang Jianlin has been forced to scale back his ambitions and sell off overseas and non-core assets in the past two years, but his flagship real estate operation still has more than twice the operating revenue of… Read More>>
GIC-backed coworking provider JustCo and Singapore-based venture capital investment firm Trive Ventures are teaming up to launch a startup incubation programme that provides a communal home for fast-growing new companies in central Singapore, according to a joint statement released by… Read More>>
China’s tech sector is rapidly becoming among the world’s largest, with 186 companies now valued at over $1 billion, according a list published earlier this year by Hurun Report. And despite the growing tech cold war with the US, Chinese… Read More>>
A unit of mainland conglomerate Poly Group has agreed to provide a HK$70 million ($8.92 million) transitional loan to insolvent Hong Kong construction and real estate firm Hsin Chong Group, as well as to invest at least another HK$1.56 billion… Read More>>
Chinese financial giant Ping An has increased its stake in top ten mainland builder China Fortune Land Development (CFLD) to 25.25 percent, less than seven months after it acquired nearly one fifth of the group to become its second largest… Read More>>
Analysts are already predicting a quick rebound in Hong Kong’s property market, but the city’s developers may still need a bit more convincing, judging by the failed sale of a prime commercial site this week.
The Hong Kong government on… Read More>>
Many people in China love hot pot, but the government of a Chengdu is taking that devotion a bit further with plans for a 1,500 square metre (16,146 square foot) temple to the bubbling spicy stew, and one of the… Read More>>