With mainland China already recovering from the effects of the pandemic and looking forward to a vaccine-powered rebound, the impact of the COVID-19 crisis on the country’s retail sector can be seen etched across the financial performance of the country’s… Read More>>
In today’s roundup of regional news headlines, Louis Vuitton and Fendi shops in Hong Kong’s Times Square close for good after a tussle over rents, and the brother-sister team in charge of New World Development and its hotel unit Rosewood… Read More>>
In today’s serving of regional news headlines, investors including one of China’s largest e-commerce operators, and a US private equity powerhouse are said to be bidding for the assets CJ Rokin’s China business, as the South Korean firm moves on… Read More>>
In Mingtiandi’s latest roundup of regional news headlines, a legal dispute between Chinese developer Vanke and its New York-based partner heats up, JD.com’s logistics arm reportedly mulls an IPO targeting a $40 billion valuation, and the Delhi High Court… Read More>>
Alibaba’s Singles Day celebration next month is expected to move $10 billion worth of merchandise, but this year the annual shopping event will also include a Shanghai skyscraper, or at least 25 floors of one.
The inclusion of the residential… Read More>>
Shanghai authorities have detained executives at China Resources Land and China Overseas Land & Investment (COLI), after a government auction for a prime slice of residential land in Hongkou district aroused suspicion when all bids came in at the publicly… Read More>>
Empty rooms lead the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that Singapore’s average hotel occupancy fell to 51 percent in February, triggering a 40 percent plunge in revenues.
In other news around the… Read More>>
Wang Jianlin’s Dalian Wanda Group may have been forced to unwind its overseas ambitions, but the billionaire’s property business in mainland China shows no signs of flagging after it hauled in operating income more than double that of its closest… Read More>>
In this week’s edition of People in the News, China developer China Resources Land loses a vice president to Sichuan Languang Development, while Softbank-backed hospitality startup Oyo has brought on board a former McKinsey & Co partner as its COO… Read More>>
China’s ninth largest developer by sales introduced a new chairman this week, as Hong Kong-listed China Resources Land welcomed its second helmsman of 2019.
Wang Xiangming took over as chairman of the real estate development unit of state-owned China Resources… Read More>>