Asia real estate and outbound investment news
Beijing-based Dalian Wanda Group is discovering yet again that Hollywood is a tough town, as its last remaining overseas trophy warned US financial regulators that it could run out of cash this year.
With attendance down 85 percent this year… Read More>>
Singapore was celebrating Children’s Day on Friday but the country’s sovereign wealth fund was still hard at work making a $752 million India retail investment before the weekend, with US private equity firm TPG also putting some cash into the… Read More>>
While the humans of Singapore are still having to struggle with the coronavirus, the city-states housing market seems to be recovering rapidly with prices for new homes gathering pace in the three months ending yesterday.
Also, in… Read More>>
Hospitality operators desperate to show signs of life make their way to the top of Asia’s real estate headlines today as Wang Jianlin’s Wanda teams up with the country’s second-largest e-commerce provider to create a gadget-themed hotel, and the mainland’s… Read More>>
Wang Jianlin’s Dalian Wanda Group continues to sell off piece of business units once touted as the future of the company, as a news report in China says the conglomerate will sell its online payment unit to e-commerce giant JD.com’s… Read More>>
Dalian Wanda Group last week said that it is sticking to its plan to open 40 to 50 new plazas each year despite steep declines in revenue and profit at the conglomerate’s real estate and hospitality businesses during the first… Read More>>
Dalian Wanda Group last week announced that it had agreed to sell its 90 percent stake in a Chicago property project for $270 million, closing out the last of an overseas property portfolio that once included projects in the US,… Read More>>
Legal battles push viruses out of the headlines today as Korea’s Mirae Asset Management fires a fresh salvo in a court battle with China’s Dajia Insurance over a failed $5.8 billion hotel deal.
Also finding space in… Read More>>
American movie theatre chain AMC Entertainment Holdings Inc is said to be close to bankruptcy, eight years after Chinese conglomerate Dalian Wanda bought the Kansas-based company for $2.6 billion.
Shares in the NYSE-listed firm closed down 20 percent to $2.08… Read More>>
Greater China’s shopping situation was messy in the first quarter but Q2 might be on its way to surpassing the record retail wreckage of the first three months of 2020, as Luckin Coffee suspends its COO after an internal investigation… Read More>>
