The succession plan for one of Asia’s largest conglomerates may have become a bit clearer on Friday when Hong Kong-listed Kerry Properties named Kuok Khoon Hua as its new CEO and Vice Chairman in an announcement to the stock exchange.
Alibaba Invests RMB 4.36B in Furniture Mall Operator Red Star Macalline
Alibaba has made another deal aimed at China’s traditional shopping sector, with the e-commerce giant announcing an investment in China’s largest retailer of furniture and home products, as the tech giant, continues to look for ways to leverage its online… Read More>>
Kerry Properties Buys Hangzhou Site for RMB 6.8B
Hong Kong-listed Kerry Properties has won the rights to a 98,053 square metre (1 million square foot) site in the eastern China city of Hangzhou after placing the winning bid of RMB 6.814 billion ($985 million) at a government auction,… Read More>>
Kr Space Rises From China’s Co-Working Dead with RMB 1B IDG-Led Funding Round
Financially troubled co-working space provider Kr Space announced on Wednesday that it has completed a RMB 1 billion ($145 million) round of funding, jointly led by IDG Capital, Gopher Asset Management and Hubei Yixing Capital.
Kr Space’s biggest fund-raising ever,… Read More>>
WeWork Announces $2.9B Investment Platform with Ivanhoe, Rhone Group
WeWork parent The We Company continued its drive to expand beyond its co-working roots today as it announced the formation of a real estate investment and management platform backed by Canadian fund manager Ivanhoe Cambridge.
“Ark will focus on acquiring,… Read More>>
Singapore’s CDL Acquires Shanghai Complex as Part of $974M Mainland Deal
Singapore-listed City Developments Ltd today announced RMB 6.7 billion ($974 million) in new investments in mainland China, including plans to take a 24 percent stake in mainland developer Sincere Property Group, and the acquisition of a Shanghai commercial asset from… Read More>>
Huazhu Partners with Everbright Ashmore for China Hotel Investment Fund
Huazhu Hotels Group, a NASDAQ-listed hotel operator known for its network of economy hostelry chains in China, has teamed up with investment giant China Everbright’s real estate investment arm to launch a private equity investment fund focusing on hotel and… Read More>>
Greenland Group Unveils Plan for RMB 100B Project on Shanghai’s South Bund
Just three months after buying a 50 percent stake in a site in Shanghai’s Huangpu district from financially troubled China Minsheng Investment Group, state-backed Greenland Group has unveiled plans for a relaunch of what it says is a RMB 100… Read More>>
Nan Fung Pays RMB 2.4B for Office Site in Shanghai’s Gubei
Hong Kong’s Nan Fung International Holdings has won the rights to a commercial plot in Shanghai’s Changning district after the developer agreed to pay RMB 2.4 billion ($352 million) to purchase the site at a government land auction this past… Read More>>
Hang Lung Said Selling Kowloon Industrial Building for HK$4B
Hong Kong-listed developer Hang Lung Properties is said to have agreed to sell an industrial building in Hong Kong’s Cheung Sha Wan area to a consortium of investors for HK$4 billion ($510 million), according to local media accounts citing sources… Read More>>
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