Leading today’s roundup, China’s drive to promote rental housing comes with risks for the country’s big lenders, which are estimated to have extended nearly half a trillion dollars in financing to the sector. Also in the headlines, Indian developer ABIL… Read More>>
Wanda and Tencent Reboot Retail Partnership With Smart Mall JV
Chinese Internet giant Tencent is making a second attempt to help Dalian Wanda Group take its shopping mall empire online, as the maker of China’s ubiquitous WeChat app renews a once-failed partnership with the commercial developer.
Under the terms of… Read More>>
Ucommune Catches Blockchain Fever as China Gets Technical About Co-Working
Chinese co-working startup Ucommune has launched a blockchain development platform, in a move to add a high-tech edge to its network of shared office spaces.
The new program, Ucommune Blockchain Lab, was inaugurated in Beijing on Monday. Member companies will… Read More>>
$3B Investment Wave Expected to Drive Proptech Innovation in Asia
At a time when more than 300 million Chinese have used online food delivery and some 10 percent of the mainland population have signed up for ride-hailing apps, one may wonder when the tech revolution will reach what may be… Read More>>
Carrefour, Tencent Open First Le Marche Smart Supermarket in Shanghai
Carrefour has opened its first-ever smart supermarket in Shanghai in partnership with Tencent, four months after the parent company of China’s ubiquitous WeChat app bought a stake in the French retailer. The Le Marche store in China’s commercial capital is… Read More>>
Henderson JV Said Selling TST Building for HK$4B and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, a 19-storey Ginza-style commercial building owned by Henderson Land and Lai Sun Group is reportedly nearing a sale to an unidentified buyer for HK$3.9 billion. Also in the headlines, Tuesday’s record-breaking Kai Tak… Read More>>
GLP Unveils $1.6B China Logistics Tech PE Fund
Asia’s largest warehouse developer Global Logistic Properties, better known as GLP, has set up a RMB 10 billion ($1.6 billion) private equity fund in China to invest in logistics-related businesses, the company’s first fund targetting assets beyond real estate.
The… Read More>>
JD.com Opens Its Largest Unmanned Store in Xiong’an New Area
China’s second-largest e-commerce company by sales, JD.com, has opened its first unmanned store in Xiong’an New Area, a new district being built just south of Beijing that the central government intends to develop into a new economic hub.
JD.com opened… Read More>>
JD.com Says It Will Open 1,000 Convenience Stores Every Day
China’s second-ranking e-commerce company continues to expand its online empire into the offline world as JD.com’s founder and chief executive vowed late last week to open 1,000 stores every day this year.
“As of last month, JD.com opened 1,000 convenience… Read More>>
Naked Hub Rolls Out Automated Co-Working With Launch of naked Hub GO Sponsored Feature
naked Hub, the biggest premium coworking operator in Asia, has become the first flexible office provider to offer online, on-demand access to space with the launch this week of its naked Hub GO service.
Coming just two months after the… Read More>>
