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>>
Greentown China Announces $2.9B Global Investment Plan
After teetering on the edge of bankruptcy in 2014, real estate developer Greentown China has bounced back. Just two years after nearly selling itself to pay off creditors, the once insolvent home builder this week announced a RMB 20 billion… Read More>>
Alibaba Buys Intime Dept Store Chain in $2.6B Deal and More Asia Real Estate Headlines
After pulling customers out of China’s department stores, ecommerce giant Alibaba has decided to put some cash into the downtrodden retail segment, according to reports in the media this week. Also in the headlines today, Goldman Sachs gets bullish on… Read More>>
Evergrande China’s 2016 Sales King as Top Developers Boost Performance by 82%
Thanks to a year of super-charged real estate sales, Evergrande Group unseated 2015 champion China Vanke to become the mainland’s largest property developer by sales for 2016.
The shift in the top ranks of China’s homebuilders came as the three… Read More>>
Evergrande Spends $1.74B to Boost Vanke Stake to 14% and More Asia Real Estate Headlines
Pepto-Bismol might be the perfect Christmas gift for Vanke chief Wang Shi as the head of China’s largest developer may be getting a bit queasy over the prospect of one of his home town rivals joining the Vanke board. Also… Read More>>
Asia Real Estate People In The News 2016-11-28
While December isn’t always the most ideal time to start a new job, a few of Asia’s real estate professionals have taken up new roles prior to ringing in the new year. Sunac China has a new Executive Director to… Read More>>
Sunac Spends RMB 4 Bil on Stake in Chongqing Developer and More Asia Real Estate News
Mainland developer Sunac continued to dominate the headlines today, spending another 4 billion to buy a stake in a competitor, after buying 42 projects from Legend Holdings late last week. Also in the news, China’s largest sovereign wealth fund took… Read More>>
Sunac China Agrees to Buy 42 Projects from Legend Holdings for $2.1B
Sunac China has agreed to buy substantial stakes in 42 real estate projects from investment firm Legend Holdings for RMB 13.7 billion ($2.1 billion) as the developer controlled by tycoon Sun Hongbin takes another swing at joining the big leagues… Read More>>
Sunac Moves Forward on RMB 4.4B Deal to Acquire 7 Mainland Projects
Real estate developer Sunac China Holdings is asking for shareholder approval on a RMB 4.4 billion ($663 million) deal to acquire seven projects in six Chinese cities, including developments in Shanghai, Hangzhou and Shenzhen, from Hong Kong-based competitor Top Spring… Read More>>
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