A joint venture controlled by New York’s Rockefeller Group has agreed to sell a pair of office buildings on Shanghai’s Bund waterfront to an online insurer backed by Ant Financial, Tencent and Ping An, with the HKEX-listed firm vowing to… Read More>>
Ant Financial, Tiger Global Lead $500M Funding Round for Beijing’s Danke Apartment
Mainland China rental housing platform Danke Apartment announced on Friday that it has closed a $500 million funding round, co-led by existing investor Tiger Global Management and new backer Ant Financial — the e-payment and asset management giant controlled by… Read More>>
Ant Financial Backs Staffless Store Chain Xingbianli and More Asia Real Estate Headlines
At the top of today’s roundup, automated retail is all the rage in China, with a startup that operates checkout-free convenience stores and snack shelves bagging a new investment round led by Alibaba affiliate Ant Financial. Co-working is also in… Read More>>
Cindat Scores $385M Loan for NYC Hotels and More Asia Real Estate Headlines
At the top of today’s news, the private equity affiliate of one of China’s big four “bad banks” and its US partner have raised a major loan for a portfolio of Manhattan hotels and troubled conglomerate HNA faces another setback…. Read More>>
Alibaba Helps Greenland to Crowdfund RMB200M for New Projects
Greenland Group, China’s largest real estate developer by sales, is now teaming up with the country’s largest ecommerce group to raise money for its new projects on the Internet.
The Shanghai-based property company announced this week that it had sold… Read More>>