Every day Mingtiandi scans the web and curates the day’s biggest stories for you. Here’s what we found today:
The plunge in Chinese equities has grabbed all the attention in recent weeks, but a team at Barclays suggests we should be watching something else. Analysts led by Ajay Rajadhyaksha say that Chinese real estate is the sector to focus on, not Chinese stocks. Here’s their reasoning:
Nearly a year after three giant Chinese companies teamed up to take on Alibaba, the newly-minted ecommerce store finally and quietly launched this week. The site, Ffan, is the result of a billion-dollar joint venture between Tencent, Baidu, and Wanda Group, a conglomerate best known for its chain of movie theatres and malls.
Swiss watchmaker TAG Heuer is shutting a store in Hong Kong as high rental costs and declining numbers of customers weigh on profitability, according to the head of LVMH Moet Hennessy Louis Vuitton SE’s watchmaking activities.
The brand has decided to close a store on Russell Street, one of the island city’s main shopping thoroughfares, Jean-Claude Biver said Monday.
A £3.5 billion mixed-use development transforming a large part of Silvertown – an old industrial site in east London’s Royal Docks – into a creative community is looking for corporate entities mainly from Asia to fund its first phase scheduled for construction in early 2016.
Hang Lung Properties Limited (HKSE stock code: 101) is pleased to announce a collaboration project with Tesla Motors (Tesla) to install destination chargers at six shopping malls of Hang Lung Properties in mainland China.
Tune in again tomorrow for more news, and be sure to follow @Mingtiandi on Twitter for more news as it happens.