…istinct advantage over most small players. Read more>> Shanghai Shuts Down Online Sales of Offices The Shanghai municipal government has temporarily suspended online sales of commercial real estate designated for office use, after illegal modifications to allow for residential usage was uncovered. Illicit marketing tactics by developers of some such projects have misled buyers and led to complaints, the city’s Urban and Rural Construction and Tran…
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BlackRock Invests in Metcold China Cold Chain Logistics
…old chain network is gaining in importance with the rise of e-commerce and online grocery. The Asian superpower’s cold chain was worth RMB 276 billion in 2019 after growing at a compounded annual rate of 10.5 percent from 2010. With handling of fresh produce and other food products driving the majority of demand, the market is expected to reach RMB 512 billion in 2026, according to a report published last year. Credit Suisse expects online grocery…
Singapore’s RealVantage Wins Fintech Award, ARA Vet BT Ng Joins as Chairman
…, as well as adding assets in Japan and South Korea to its offerings. “The online platform is borderless, it can grow very, very big… so we think we can grow RealVantage to be one of the leading firms and we have several directions in which we want to expand,” Ng told Mingtiandi in a recent interview. “We are looking at adding more investment markets to the universe, for instance, Japan, Korea, and in the mid-term, some European countries and Chin…
ESR, Nuveen, EdgeConneX, JLL See Room For Growth In Japan, Korea Data Centres: MTD TV
…digital infrastructure investments in Japan and Korea. “There is much more online action going on, much more requirements for more data centre assets and we’re not seeing that slowing down,” ESR chief executive officer for data centres Diarmid Massey said in a panel discussion during Mingtiandi’s APAC Data Centre Forum 2022. With ESR having earlier this month announced its first data centre project in Korea after previously unveiling a pair of Jap…
Asia Real Estate People in the News 2017-03-13
…rmer K11 executive Eric Chan has made the leap to ecommerce, joining China online luxury goods platform SECOO as CEO, according to an announcement by the company last week. In his new role, Chan will oversee the SECOO’s portfolio of retail businesses, including the e-commerce platform and its offline experience centers. The 20-year veteran of Greater China’s real estate industry joined the ecommerce firm, which is said to be the second-largest onl…
Airbnb Books $100M Investment From CIC for China Expansion
…orldwide, and China’s vastly expanding overseas traveller market makes the online marketplace particularly appetizing to the company’s Chinese investors, which already included Li Ka-shing’s Horizons Ventures and Zhang Lei’s Hillhouse Capital Group before CIC signed on. Airbnb Gets Ready to Battle for the Mainland Market Airbnb is likely to need both the capital and the government relationships that CIC can provide as it battles local rivals in a…
China’s Huazhu Hotels Buys German Hospitality Group for $802M
…’s Ji told China’s local media. A former executive and co-founder of China online travel pioneer Ctrip, Ji’s hotel group currently ranks fifth in the world by market capitalisation behind Marriott, Hilton, Accor and InterContinental Hotels Group and currently operates in over 400 cities, with another 1,736 hotels in its pipeline, according to the company. In its announcement, Huazhu did not disclose how it plans to fund the acquisition of Deutsche…
Data Centre Forum Continues with PDG, Hyperscale and Greater China Sessions
…ingtiandi’s interviews last week with JLL, YCO Cloud Centres and Singapore online investment platform SDAX, which attracted more than 600 viewers in total. Hyperscalers and Greater China The panel discussion on Asia’s hyperscale market, which also starts at 10:00 AM Hong Kong time, brings together Paul Dwyer, who recently joined Logos as head of data centres, with Edwin Wong, a partner with Baker McKenzie who has advised fund managers on a number…
Asia Real Estate People in the News 2022-09-12
…list is a former ARA Asset Management deputy CEO who takes the helm of an online investment startup and a data center division of Brookfield adds to its team in Singapore. Kaisa Capital Investment Holdings filed a statement with the Hong Kong exchange on 9 September revealing its appointment of Zheng Wei, a six-year veteran of Kaisa Group, as its new chief executive officer, effective that same day. Zheng, now 44, replaces Zhao Yi both as CEO and…
PropertyGuru Cancels A$1.2B IPO Amid “Market Uncertainty”
…Guru’s transformation from a single-market start-up twelve years ago to an online classifieds giant with 23 million users monthly. Currently commanding a 60 percent share of the online property listings market across the region, total property advertising across its core markets was worth S$949 million ($687 million) last year, with the company forecasting an increase to S$1.2 billion by 2023. According to the 7 October IPO prospectus, 2018 marked…
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