Alibaba is in talks to acquire a portion of the China operations of German retailer Metro, according to a Thursday report by Reuters, as the company that handles nearly 60 percent of China’s online shopping continues to look for ways… Read More>>
Shandong City Lifts Ban on Flat Flipping and More Asia Real Estate Headlines
In each cycle of policy restrictions and market slowdowns mainland municipal governments squeezed by falling revenues look to test the limits of Beijing’s tolerance, with a city in Shandong province testing the strength of that leash today. Also in the… Read More>>
Alibaba Co-Founders Buy Hong Kong Homes for $71.5M
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>>
Designing a Shanghai Showcase for Alibaba’s New Retail Sponsored Feature
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… 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>>
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