Two co-founders of mainland e-commerce giant Alibaba Group are reported to have purchased a pair of luxury apartments in a posh part of Hong Kong’s southern district for a total of HK$560 million ($71.5 million), according to an account in… Read More>>
Tech Firms Predicted to Lease a Quarter of SE Asia Office Space by 2028
Tech firms will account for 15 to 25 percent of annual office leasing volumes in Southeast Asia in the coming ten years, said real estate brokerage JLL in a report published today. The real estate consultancy sees ecommerce and Internet… Read More>>
CDL, Alibaba Take Cornerstone Stakes in $727M E-House IPO
Singaporean property developer City Developments Ltd is joining mainland tech giant Alibaba as investors taking cornerstone stakes in the initial public offering of E-House (China) Enterprise Holdings Ltd, a Shanghai-based real estate services provider with more than RMB 4.6 billion… Read More>>
WeWork Aims for $40B Valuation in Talks With Softbank and More Asia Real Estate Headlines
Any analysts still agog over WeWork’s $20 billion valuation may need to seek professional help if the shared office superstar achieves its goal of a $40 billion valuation as it discusses a new round of funding led by Softbank. Meanwhile,… Read More>>
Alibaba’s Cainiao to Lead $1.5B Investment in Hong Kong Logistics Hub
Alibaba Group wants to be able to deliver packages to any address in the world within 72 hours, and this week the Chinese e-commerce titan took another step towards that goal by unveiling plans for a $1.53 billion high-tech logistics… Read More>>
Wanda Launches Nanjing Theme Park and More Asia Real Estate Headlines
Leading today’s roundup, Dalian Wanda Group may have stepped back from its ambition to crush Disney in China’s theme park market, but that hasn’t stopped the developer from launching a 34,000 square metre indoor amusement park designed by KCC Entertainment… Read More>>
Asia Real Estate People in the News 2018-05-28
Leading today’s roundup of job changes, Radisson Hotel Group is bringing a hospitality veteran to Singapore to drive the hotelier’s growth in the Asia Pacific region, and the Asian asset management arm of Prudential is shaking up its leadership in… Read More>>
Carrefour, Tencent Open First Le Marche Smart Supermarket in Shanghai
Carrefour has opened its first-ever smart supermarket in Shanghai in partnership with Tencent, four months after the parent company of China’s ubiquitous WeChat app bought a stake in the French retailer. The Le Marche store in China’s commercial capital is… Read More>>
JD.com Says It Will Open 1,000 Convenience Stores Every Day
China’s second-ranking e-commerce company continues to expand its online empire into the offline world as JD.com’s founder and chief executive vowed late last week to open 1,000 stores every day this year.
“As of last month, JD.com opened 1,000 convenience… Read More>>
Alibaba Offline Deals Roll on With $744M Investment in Wanda Film
Alibaba Group has closed on its acquisition of a RMB 4.68 billion ($744 million) stake in Wanda Film to become the film company’s second largest shareholder, following through on an agreement signed in early February. The move came just days… Read More>>
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