Alibaba’s Jack Ma seems to have decided that name-calling was the best response to a critical report by a Chinese regulator this week, and the resulting fallout helped rival billionaire Wang Jianlin, return to his former perch as China’s richest… Read More>>
Wanda Takes Aim at O2O Prize with Buy of Online Payment Provider
Fresh off of a $3.7 billion Hong Kong IPO, China mall developer Dalian Wanda is attempting to put some of its new cash to work in the world of ecommerce.
The owner of China’s biggest chain of malls – with… Read More>>
How Xi Jinping is Helping Jack Ma Sell 41,000 Properties on Taobao
When President Xi Jinping launched his anti-corruption drive last year by declaring war on “tigers and flies” few could have imagined that he was also helping Internet magnate Jack Ma to launch a whole new ecommerce initiative.
Now Ma’s Taobao.com,… Read More>>
Century 21 Real Estate Now Selling Houses on Alibaba’s Taobao
Just in case Alibaba’s Jack Ma needed another win before his ecommerce giant launches its IPO next week, one of China’s biggest real estate agencies announced this week that it has begun selling houses on his group’s Taobao B2C platform.
Wanda Joining Tencent and Baidu in RMB 5B Ecommerce Deal
The companies belonging to three of China’s richest men are joining forces to form a new RMB 5 billion ($814 million) online shopping platform as Dalian Wanda, Tencent and Baidu are reported to be ready to sign a deal as… Read More>>
Growth of China’s Shadow Banks Slows by 36% in Q1
Assets managed by China’s trust management firms grew at only 64 percent of their average rate during the first quarter of 2014, as the country’s shadow-banking industry struggled with worried customers, declining returns, and new competition from online funds.
Government-backed… Read More>>
Jack Ma’s Cainiao Leases 54,000 Sqm from Goodman in Suzhou
Australian real estate developer Goodman Group announced today that it has signed an agreement to lease 54,880 sqm of logistics space in Suzhou to Cainiao, the logistics firm that supports Jack Ma’s Taobao e-commerce platform.
The deal between Goodman and… Read More>>
China Real Estate People in the News 2014-01-20
Each week on Mingtiandi we track who among China’s commercial real estate community has left their role, been promoted, or decided to tell their boss that they are headed off early for Chinese New Year and run out the door,… Read More>>
Jack Ma Takes in $5.75 Bil – And Takes on China’s Real Estate Barons
Not satisfied with sales of RMB 35 billion ($5.75 billion) over his e-commerce sites on a single day, Internet billionaire Jack Ma has decided to take on China’s real estate industry. For the good of the people, of course.
Turning… Read More>>
Vanke Invests $442 Mil in Bank IPO to Move into Finance
China’s real estate companies have captured major headlines for expanding geographically into global real estate markets, and now the country’s biggest developer, China Vanke, is expanding into the finance sector with a $442 million investment into a bank IPO.
Last… Read More>>
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