…nd retail sector with its participation in an investment in Asia’s largest online luxury shopping platform Secoo Holding. Secoo has secured USD175 million through a cooperation agreement with JD and the Asian unit of consumer-focused private equity firm L Catterton, the Beijing-based upscale retail platform said in a statement. Read more>> China’s CIC on the Hunt for More European Deals China’s CIC sovereign wealth fund sees an attractive investme…
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GIC Leads $200M Funding Round to Help China O2O Coffee Startup Take on Starbucks
…livery via China’s ubiquitous SF Express messenger service has debuted 525 stores in 13 cities since it began operations at the beginning of the year, as it seeks to leverage China’s rapid adoption of online retail to challenge industry heavyweight Starbucks. In this series A funding round GIC was joined by Beijing-based Joy Capital; Legend Capital (previously Lenovo Capital) and Centurium Capital, which was founded by the former China head of War…
Forest, ALP, C&W, Yardi See Warehouse Technologies Becoming the Norm: MTD TV Property Innovation Forum 2021
…imilar to the one ALP has created in Taiwan, where the distinction between online and brick-and-mortar business is blurring. Hank Hsu, Co-founder & CEO, Forest Logistics Properties Alton Wong, Executive Director, Head of Advisory Services, Valuation & Advisory Services, Greater China, Co-head of Sustainability Services, Cushman & Wakefield Gene King, International Expansion Director, ALP Bernie Devine, Senior Regional Director, APAC, Yardi “There’…
HK$100B West Kowloon Site Expected to Bring JV Bids and More Asia Real Estate Headlines
…Link as a whole. Read more>> Chinese Millennials Are Buying Asian Property Online Ice Chen, a 36-year-old bank manager in Beijing, hasn’t been to Bangkok lately, but she just bought two apartments there. The millennial is among younger Chinese flocking to specialist online platforms to buy international real estate. The biggest of the sites, Uoolu.com, reported a 60 percent surge in transactions to RMB five billion ($740 million) in 2018 and predi…
Ant Financial, Tiger Global Lead $500M Funding Round for Beijing’s Danke Apartment
…tform iShangzu. That transaction brought the number of listings on Danke’s online rental platform to around 400,000 homes across China. Sub-Dividing Apartments to Multiply Returns Founded in 2015, Danke (which means eggshell in Chinese) takes a dorm-like approach to housing by slicing up fully furnished apartments to provide homes for multiple young professionals. The average rent for a single room on the platform is RMB 2,600 a month and Danke sa…
China Rental Apartment Providers Freeze Prices, Boost Supply After Beijing Crackdown
…post from a Beijing homeowner surnamed Chen who recounted in the mainland online forum newsmth.net how Ziroom and another operator had engaged in a bidding war for the right to lease out his 120-square-metre home in Tiantonghua, a suburban area in north Beijing. Chen, who said he had expected to receive RMB 7500 per month for the jumbo-sized apartment said that after competitive bidding by Ziroom and Danke Apartment he was finally able to lease t…
Ctrip, GreenTree Take Cornerstone Stakes in HK$1.4B Zhejiang New Century Hotel IPO
A newly opened Zhejiang New Century Hotel in China Chinese online travel giant Ctrip is subscribing for $32 million worth of shares in one of mainland China’s largest private hotel groups, Zhejiang New Century Hotel Management, ahead of the company’s upcoming Hong Kong IPO. Ctrip, together with New York-listed Green Tree Hospitality Group Ltd, which is subscribing to $30 million in shares, form the cornerstone investors for Zhejiang New Century’s…
China’s Biggest Hotel Operator Leaks 500M Customer Records in Data Breach
…ty professionals to verify whether the ‘related personal information’ sold online was leaked by Huazhu Group.” The group’s statements were confirmed by the Changning district branch of the Shanghai Public Security Bureau. The breach is a damaging public relations incident for Huazhu, which was previously known as China Lodging Group, and ranks as the ninth largest hotel operator in the world. The company’s 2018 Q2 report said Huazhu has 3,903 hote…
Tishman Speyer JV Pays $800M for Commercial Site in Shanghai’s Changning District
…the project. Daerwei Trading is the parent company of Zhang Ting’s TST, an online seller of cosmetics and beauty products that last year purchased a 26,305 square metre office block in Tishman Speyer’s Crystal Plaza project in Pudong for $248 million. Also known as Tin’s Secret, TST was the biggest taxpayer in Shanghai’s Qingpu district as of 2018, with Taiwan-born Zhang leveraging the fame gained from starring in films such as 1993’s Justice Pao…
JD Group Buys Beijing Hotel for RMB 2.7B to Create High Tech Complex
…Silicon Valley and 200 meters from metro Line 10 Zhichunli station, the 18-storey Jade Palace Hotel was built in 1987 and opened for business since 1998. The 68,629 square meter (738,716 square foot) property comprised of a once five-star hotel, 9,000 square meter office spaces and retail elements. Landmark Property Fails to Keep Pace Thanks to its proximity to Zhongguancun, the hotel was regarded as a breeding ground for some of China’s most well…
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