Asia Pacific real estate investment news and information
A Chinese online-to-offline (O2O) coffee startup is claiming a $1 billion valuation, and unicorn status, after raising $200 million from a group that includes Singapore’s sovereign wealth fund, GIC.
Beijing-based Luckin Coffee (瑞幸咖啡), which combines mobile apps, WeChat integration and… Read More>>
A retail unit of blue-chip developer Henderson Land is acquiring Japanese retailer FamilyMart Uny Holdings Co’s operations in Hong Kong for HK$300 million ($38 million), expanding Henderson’s department store business to Hong Kong Island and Kowloon.
The Henderson subsidiary, Urban… Read More>>
Global sportswear brand FILA has relaunched its flagship store in Shanghai, celebrating the opening of its largest retail space in Greater China. The expanded and upgraded venue in the Mosaic Shanghai mall on East Nanjing Road now covers 867 square metres… Read More>>
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>>
American wholesale giant Costco is opening its first store in the world’s second-biggest economy, even as foreign retailers like Tesco and Lotte scale back their businesses in China due to market barriers and disappointing sales.
Costco inked an agreement with… Read More>>
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>>
The retail arm of Korean conglomerate Lotte Group has shed the first piece of its hypermarket business in China, following a geopolitical spat that has slashed its sales in the country by 77 percent.
Lotte Shopping will sell one of… Read More>>
Each year, investors, analysts and consultants devote considerable energy in researching which cities in the region are most favourable for real estate investment. Industry think tanks rank dozens of urban centres for their investment potential and top property consultancies produce… Read More>>
The city of Nanjing is undertaking a $2 billion project to rebuild a three-kilometre stretch of riverfront which has long been home to an array of decaying factories and workshops, into a new urban district providing homes, workplaces and centres… Read More>>
CapitaLand Mall Trust (CMT) has sold the Sembawang Shopping Centre for S$248 million ($189 million), generating a net gain for the Singapore-listed real estate trust of S$119.6 million ($91 million), according to a statement to the stock exchange on Thursday.
