Xu Jiayin’s Evergrande Real Estate has already hits its goal for the year
Every day Mingtiandi scans the web and curates the day’s biggest stories for you. Here’s what we found today:
Evergrande Real Estate Lifts 2015 Sales Target by 20%
Chinese property developer Evergrande Real Estate Group Ltd raised its 2015 sales guidance by 20 percent to 180 billion yuan ($28.30 billion) after exceeding its initial full-year target in the first ten months.
The new target represents 37 percent increase from 2014 contracted sales, the company said in a statement, adding that it will continue on the strategy of “fast development, fast sales”. Read more>>
China Vanke Developing Driverless Cars, Robot Resorts
China’s largest property developer Vanke is developing driverless cars and other robots in response, they say, to labor shortages. The company says its autonomous patrol car has now finished testing.
Vanke’s Zhang Jinming says unlike Google’s driverless cars which run on public roads, their models aim to transport people within an enclosed compound. Read more>>
China’s HNA Takes 10% Stake in French Resort Operator
Pierre & Vacances shares rose as much as 9 percent after it announced a tie-up with HNA Tourism Group that will see the Chinese company take a 10 percent stake in the French operator of Center Parcs holiday resorts.
The companies said they would set up a joint venture, 60 percent-owned by HNA Tourism Group, aimed at creating holiday destinations near major Chinese cities such as Shanghai, Beijing, Chengdu and Fuzhou. Read more>>
Chongqing Developer Bears All to Woo Home Buyers
A property developer in southwestern China enlisted the help of four bear cubs for a publicity stunt to sell a housing project and convince customer that prices were on the up.
The bears, handled by four women in traditional Chinese dresses, wore placards round their necks saying “We believe the real estate market looks promising”, the news website Qq.com reported. Read more>>
Ascendas Signs JV With Chinese SOE to Develop Business Parks
Business space solutions provider Ascendas Group said yesterday that it has signed a joint venture agreement with China’s state-owned industrial and trading enterprise, China Machinery Engineering Corporation (CMEC), to partner in industrial and business park investments and developments across Asia.
Under the joint venture, Ascendas and CMEC will establish a collaboration framework for these investments, as both companies jointly explore opportunities in key Asian countries under China’s One Belt One Road initiative. Read more>>
Tune in again tomorrow for more news, and be sure to follow @Mingtiandi on Twitter for headlines as they happen.
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