…will be primarily in third and fourth tier cities, should reach 400-500 by 2020 and 1000 by 2025, if Wang’s vision is realised. In January of this year Wanda announced that it had raised RMB 24 billion ($3.88 billion) from four domestic investors to fund 20 new shopping malls in China – the first time that the company had taken outside investment to support its expansion. Looking for Fresh Funding Under the New Normal Whatever the retail opportun…
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MTD TV Interview with Jeffrey Perlman of Warburg Pincus Now Online APAC Logistics Forum 2020
…ward to having you join us, and you can register free of charge here. More Online Forums on the Way The APAC logistics series is Mingtiandi’s inaugural set of online events and be sure to watch for more MTD TV forums in the coming months. In September, we will welcome some of the region’s leading data centre developers and investors for our data centre series, which will be followed in November by Mingtiandi’s proptech forum. Also, stay tuned for…
Tencent, JD.Com, Suning and Sunac Bet $5.4B on Transforming Wanda into O2O Giant
…l, Wanda also hopes to use its revived relationship with Tencent to bounce back from some recent online failures. In the statement Wanda noted that, “Tencent will pursue a strategic cooperation with Wanda Group’s Internet Technology Group, and meanwhile Wanda Group will have primary responsibility for the online-offline integration.” This new partnership comes after mainland media reported less than one month ago that Wang’s Wanda Network Technolo…
Designing a Shanghai Showcase for Alibaba’s New Retail Sponsored Feature
…ves both as the company’s offices and a showcase for its services While Alibaba’s Jack Ma became famous as a leading force in e-commerce in China, the leader of China’s biggest online marketplace has lately been expanding the group’s reach into the physical world of shops and stores. The change in focus for the chairman of Alibaba is not so much about adding a new business alongside T-Mall, Taobao and its other websites, as it is about leading the…
China Real Estate Round Up 2010-12-29
…o regulations, commercial real estate development inside the area has been banned since 2004. New construction or modifications of existing buildings must be approved by authorities including the park’s administrative bureau. “Construction of the new villas was never declared to the administrative bureau of Sun Yat-Sen Mausoleum Park, nor was it approved by the city’s planning authority,” said Liao Nan, head of the park’s publicity department. Fro…
Average Land Prices in Shanghai Drop 40% as Developers Become More Cautious
…ce of Shanghai land fell 23 percent from the 7,303 yuan per square meter in 2010, to 5,623 yuan in 2011. Residential land plots recorded the highest price drops, with the average floor price down 39.45 percent from the 10,668 yuan recorded in 2010, to 6,459 yuan per square meter. Of the 281 plots of land transacted this year, 170 plots, or more than 60 percent, were sold at their reserve prices. The average premium rate was 17.66 percent, down fro…
Chinese Investment in London Property Up 1500% Since 2010
…Chinese insurance companies and wealth funds to invest more of their cash overseas. As long as such policies remain in place and western assets continue to look like bargains, the trend in 2014 should be for more London acquisitions by Chinese firms and wealthy individuals….
Evergrande Online Discounts Boost Feb Sales and More Asia Real Estate Headlines
…ty market. Read more>> Singapore Landlords Said Dragging Heels Over Rent Rebates Commercial landlords and their tenants are at odds over Singapore’s property tax rebate intended for landlords to pass on to renters. The Restaurant Association of Singapore (RAS) fired the first salvo on Monday, calling out landlords for not delivering on their publicly announced rental rebates for food and beverage (F&B) operators, adding that it was “deeply disappo…
Shopping Centres Go Social to Attract Chinese Consumers: China Mall 2020
…a single place has been quickly replaced by online marketplaces such as Alibaba’s T-Mall where consumers can take advantage of greater selection and convenience. However, as Chinese consumers gain greater knowledge of global brands, and look for physical venues to explore new products, the demand for flagship stories and “mini-flagships” devoted to a single brand has risen. The growing demand for these larger showcases, along with the need to cont…
SOHO China’s Zhang Xin Wants You to Rent Your Next Office Online
…what has been called China’s “Uber for Offices,” while explaining that the online commercial space program should soon become a major source of revenue for the developer. In the first half of this year SOHO’s revenues were down by 92 percent compared to the same period of 2014, as the company struggles through a shift from selling office space to small investors to becoming a major commercial landlord leasing space to corporate tenants. Now SOHO i…