…pital region, Mumbai, Chennai, Bengaluru, Surat and in Punjab. Read more>> Online Listings Platform Fangdd Eyes $150M IPO Fangdd Network Group Ltd, China’s largest online real estate marketplace in terms of registered agents, has filed for an initial public offering in New York, seeking to sell up to $150 million worth of its American depositary shares. The Shenzhen company provides SaaS-based solutions to real estate agents in China for managing…
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China Home Prices Post Rare Decline and More Asia Real Estate Headlines
…led by Bloomberg. Read more>> Missfresh Highlights Troubles Facing Chinese Online Grocers China’s online grocery market, where big technology companies and startups once fiercely competed, is facing a blow as companies grapple with continuous losses and cash shortages compounded by a slowing economy and tighter regulations. Missfresh, one of China’s top grocery delivery companies, said last week that it has shut down its main business of same-day…
Gaw Completes $430M Final Closing of Asia-Focused Proptech Fund
…using unicorn, as well as Tencent Trusted Doctors, which provides a mix of online doctor-to-patient services and offline facilities. Humbert Pang, managing principal and co-chair of alternative investments, highlighted the potential synergies between these tech businesses and Gaw’s existing property holdings. “Our vast real estate portfolio will complement proptech companies in adopting the new technologies to implement more ESG initiatives for en…
Cross-Border Listings Portal Juwai Shakes Up Leadership Team Again
…ital and mobile technology in the unique Chinese ecosystem.” Chmiel Brings Online Property Expertise to Chairman Role Georg Chmiel, new chairman of Juwai Chmiel, who has 17 years of experience in the online real estate industry, joined the board of directors of Juwai in June. Previously, Chmiel served as managing director of iProperty Group and stayed with the company though its integration into REA Group. As chief financial officer and general ma…
Guo Wengui’s Beijing Office Tower Sold on Taobao for RMB 5.2B
…ed by now fugitive Chinese billionaire Guo Wengui, through a court-ordered online auction on 19 August, according to the business data search firm Tianyancha. The highly anticipated public tender attracted a registered audience of 144,403 users to follow the proceeding, however, only two bidders put down the minimum RMB 1 billion deposit required to take part in the online tender. Office Tower Sold on Third Try The unit of Hong Kong-listed cement-…
Evergrande Onshore Creditors Reject Extension of RMB 4.5B Bond
…attle Moves to Courts In late June, an investor in Evergrande’s Fangchebao online platform filed a winding-up petition before the high court of Hong Kong in a bid to liquidate the real estate giant. Top Shine Global Limited, which is owned by 29-year-old investor Lin Ho Man, had invested HK$750 million ($95 million) in the online platform in March 2021, according to a stock filing at the time. Evergrande sold 10 percent of the shares in Fangchebao…
One Week Left to Make Yourself Heard in Mingtiandi’s Tech Survey
…eaded. The survey, which runs through Monday, September 25th, is currently online here. The online poll investigates what type of systems have achieved the highest rate of adoption in the industry, and explores companies’ future plans for taking up new technologies. All survey respondents will receive a free summary of the report’s findings, so take 10 minutes to answer our 20 questions today. A special thanks goes to the survey sponsor, real esta…
Zhang Li’s US Firm Booted From Troubled Silicon Valley Projects
…million Bel Air megamansion that the 37-year-old is said to have purchased online last month via the Zillow app. Liang “Johnson” Zhang’s 24,222 square foot (2,250 square metre) abode, which comes with nine bedrooms and 12 bathrooms, was previously owned by tech tycoon Halsey Minor. The online purchase came after the scion of the Guangzhou property giant had already bought a €35 million ($39 million) hilltop villa in superyacht central Portofino on…
Eight Reasons Why Data Sharing Brings Benefit in Infrastructure Design Sponsored feature
…adaptation to connect discipline teams and stakeholders digitally through online communication platforms such as Microsoft Teams for design reviews where traditional face-to-face meetings were no longer feasible. The collaborative design approach through digital platforms allowed our design teams to author online with teams locally in Hong Kong while at the same time allowing our Global Technology Centre access to the same information models. Spa…
LaSalle Completes First Korean Logistics Project Under $485M Fund
…on demand for high-quality warehousing, driven by the country’s burgeoning online retail sector. LaSalle IM Taps Korean E-Commerce Demand In an exchange with Mingtiandi, Mark Gabbay, CEO of Asia Pacific for LaSalle Investment Management, noted that South Korea has the third-largest e-commerce market in Asia Pacific in terms of sales and the seventh largest globally. The country also boasts the region’s highest penetration rate for online shopping…
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