New York Stock Exchange-listed Soufun (NYSE:SFUN) is the leading residential real estate portal in China and made $637.38 million last year, mostly from helping Chinese real estate developers and agents market properties through banner advertising on the site’s home page.
Cinda Buys Shanghai Land and China Resources Ups Vanke Stake
Late last week and into the weekend there were a number of breaking news stories, including China’s bad asset bank Cinda picking up two plots of land in Shanghai, China Resources Holdings upping its stake in developer China Vanke, and… Read More>>
China Internet Giant Goes Vertical in Crowded Shenzhen
While the growth of tech firms in the US has led to university-sized suburban campuses such as Apple’s headquarters in Cupertino, California and the Googleplex in Mountain View, China’s more crowded conditions and urban lifestyle is leading its Internet firms… Read More>>
Booming Tech Firms Redrawing China’s Office Map
China’s tech industry has been growing at double-digit rates for many years now, and the expansion of the country’s technology giants has started to have an impact on the office real estate market.
Examining the effect of the industry on Beijing’s Zhongguancun, a centre for high-tech firms, the Wall Street Journal finds that,
Vanke Invests $442 Mil in Bank IPO to Move into Finance
China’s real estate companies have captured major headlines for expanding geographically into global real estate markets, and now the country’s biggest developer, China Vanke, is expanding into the finance sector with a $442 million investment into a bank IPO.
Last… Read More>>
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