Sheds once again lead the news today in Asia as one of the region’s biggest warehouse developers says that it sees India in its future. Also in the headlines, the founder of China’s LeEco told shareholders this week that he… Read More>>
Le Eco Says It’s Selling Beijing Mall to China Vanke for RMB 4 Bil
Cash-strapped Chinese tech giant LeEco is said to be telling creditors that it is close to scoring a major windfall on the sale of a Beijing mall to China Vanke as entrepreneur Jia Yueting scrambles for cash.
CFO Zhang Wei… Read More>>
Cash-Starved LeEco Aims to Sell Off $424M Beijing Mall It Bought Last Year
With its $2 billion buyout of TV maker Vizio DOA, its CFO throwing in the towel and reports of missed payrolls at its Yidao Yongche ride hailing app, LeEco has had a rough month. And now entrepreneur Jia Yueting’s mainland… Read More>>
Le Eco Selling 49 Acre Silicon Valley Site for $260M in Cash Crunch
LeEco is a shooting star, and as the Chinese tech conglomerate and would-be Tesla competitor crashes from the heavens, it may just be jettisoning an asset that it talked up as the future home of 12,000 US employees just six… Read More>>
Wanda’s Hollywood Studio Partner Bails After One Year and More Asia Real Estate Headlines
Wang Jianlin’s rough patch may have gotten a bit bumpier this week after the partner in his biggest Hollywood deal exited the company after less than one year. Also in the headlines, China’s home prices headed down in December, and… Read More>>
Sunac Buys $2.2 Bil Stake in Chinese Tech Giant Le Eco
China’s seventh largest property developer now seems determined to be a player in the country’s high tech sector after Sunac Holdings chairman Sun Hongbin agreed to pay the equivalent of $2.2 billion for a stake in cash-strapped LeEco, according to… Read More>>
China’s Le Eco Big on Ideas, But Now Short on Cash After $250M US Real Estate Deal
When Chinese tech firm LeEco paid Yahoo $250 million for a California site this June, it looked like another mainland giant that had limitless cash and all the answers.
However, after the co-founder of the company referred to as the… Read More>>
Home Prices Rise in Fewer Mainland Cities and More Greater China Real Estate Headlines
China’s 2016 housing boom is already showing signs of tapering off, as fewer cities reported rising prices in May, according to the latest government figures. The home price news hasn’t stopped developers from paying record prices for land, and the… Read More>>