Luo Jun, founder of China’s answer to Airbnb, Tujia, has stepped down from his CEO role at the Ctrip-backed company, although he will continue to act as a director of the company he co-founded in 2011.
Luo was replaced at… Read More>>
First Sponsor Sells Chengdu Hotel for $72M and More Asia Real Estate Headlines
Leading today’s roundup of headlines from around the region, a Singaporean developer is selling a commercial building in southwest China that houses the Millennium & Copthorne-managed M Hotel Chengdu to a local investor. Also in the headlines, US design and… Read More>>
China Sanctions HNA for Related Party Deals and More Asia Real Estate Headlines
China’s cross-border investors continue to draw regulatory ire today, as the country’s insurance regulator slaps HNA for using its insurance division as a slush fund. Also in the news, Tujia.com raises a war chest for its own international expansion, and… Read More>>
Blackstone Passes $5B Mark for Latest Asia Real Estate Fund and More Asia Real Estate Headlines
America’s biggest landlord leads Asia’s real estate news today, as a report reveals that Blackstone has already raised $5 billion for its latest real estate fund in the region. Also getting some attention is the ongoing collective sale fever in… Read More>>
Greater China Real Estate People in the News 2016-05-23
This week China’s answer to AirBNB snatches talent away from the country’s richest man, while the commercial agencies continue to trade investment brokers. Also a major agency finds a new research head from within its own ranks and much more…. Read More>>
CapitaLand Investing $87M in Apartment Sharing With China’s Tujia.com
China’s unused apartments might soon become serviced apartments or vacation rentals after Singapore’s CapitaLand agreed to invest a total of $87 million with online apartment sharing platform Tujia.com
Tujia, which is frequently referred to as the AirBnB of China, received… Read More>>