Leading off this week’s collection of personnel moves from around Asia are new hires at CapitaLand Investment and Allianz Real Estate in Singapore, while Chinese real estate firms Aoyuan Healthy Life and Red Star Macalline announce changes to their boards…. Read More>>
Wanda Led China’s Commercial Developers Again in 2022 with 7% Growth
China’s top commercial developers saw their operating income rise more than 5 percent in 2022, with Dalian Wanda Group’s mall-building business once again dominating the pack, as the mainland’s housing market crisis and sluggish economy left the country’s largest commercial… Read More>>
Alibaba-Backed Red Star Macalline Being Bought Out by Xiamen SOE
A Chinese state-controlled conglomerate has agreed to buy what could be a controlling stake in Red Star Macalline Group Corporation, an Alibaba-backed home improvement mall chain, as government firms continue to bail out China’s flailing private real estate sector.
Shanghai-listed… Read More>>
Alibaba-Backed Red Star Macalline in Talks to Sell Controlling Stake to Xiamen SOE
Less than four months after having its credit rating withdrawn by Fitch Ratings, Alibaba-backed home furnishing mall operator Red Star Macalline Group Corporation is in talks to sell what could be a controlling stake in the company to Chinese state-controlled… Read More>>
Wanda Topped Mainland Commercial Developers Again in 2020 Despite 13% Income Drop
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>>
Asia Real Estate People in the News 2021-03-08
The start of March has brought a burst of people moves around the region, with a pair of Hong Kong-listed real estate developers reshuffling their boards to reflect new business alliances. This month also sees a veteran project manager return… Read More>>
Wanda Led China’s Top 10 Commercial Developers Again in 2019
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>>
Casino Prince Gets HK$500M HK Mansion for his Birthday and More Asia Real Estate Headlines
The son of a casino king leads the way in Mingtiandi’s roundup of Asia real estate headlines today as the gambling parlour princeling gets a Hong Kong mansion for his 25th birthday.
In other news around the region, a British… Read More>>
Alibaba’s Red Star Macalline Launches Property Agency in Shanghai
Red Star Macalline Holding, which develops and operates China’s largest chain of home furnishing malls, is launching its own real estate agency, the president of the newly launched brokerage announced on Monday, according to local media reports.
Famous for its… Read More>>
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>>