Asia Pacific real estate investment news and information
Jardine Matheson-backed Yonghui Superstores is to become the controlling shareholder in central China regional supermarket chain Zhongbai Holdings Group in a deal valued at RMB 559 million ($83.2 million), according to a Shanghai Stock Exchange filing.
Yonghui is offering RMB… Read More>>
China’s power-buyers are now becoming America’s super-sellers as mainland investors unloaded $1 billion in US real estate in the most recent quarter, according to an account in the Wall Street Journal. Those Chinese investors show up again in today’s roundup… Read More>>
Chinese internet giant Tencent is forming a RMB 1.2 billion (US$170 million) grocery joint venture with Shanghai-listed supermarket operator Yonghui Superstores and Hong Kong’s ParknShop, according to a joint statement by the three companies.
The move will further boost Tecent’s… Read More>>
