…and Metcold are expanding their cold chain network into northern China as online grocery sales on the mainland are projected to surpass RMB 1 trillion ($155 billion) in 2023 after totalling RMB 458.5 billion last year, according to figures from independent research agency eMarketer. Alibaba now has about 300 Freshippo omnichannel grocery stores in China, according to company statements, while Tencent-backed rival MissFresh debuted on the NASDAQ i…
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Airbnb’s Chinese Rival Xiaozhu Raises $300M From Jack Ma’s Yunfeng Capital
…. Earlier this year the company announced a strategic partnership with the online travel accommodation platform, Agoda and Alibaba’s travel brand Fliggy to expand its global network, share properties and promote post-pay services. Home-Sharing Heats Up Xiaozhu’s chief domestic rival, Tujia.com, valued at $1.5 billion, tapped investors for $300 million in new cash in October last year to sharpen its focus on global markets. The company was backed b…
Office Rents Set to Slide in Hong Kong’s Central and More Asia Real Estate Headlines
…ution per unit (DPU) for the enlarged portfolio. Read more>> Insolvent HNA Online Finance Platform Promises to Pay Investors Soon HNA Group’s online investment platform outlined a plan to make delayed repayments to investors over 18 months or longer as the sprawling conglomerate’s liquidity crisis continues. As of July, Jubaohui had raised a total of 713 million yuan ($103 million) by selling high-yield investment products, according to data from…
ARA Founder’s Family Office Teams With Straits, Savills IM for $500M UK Retail Fund
…Savills IM said. “This part of the market has proven to be appealing to in-store shopping, with the high take-up of click and collect and low unit prices of goods making online and home delivery less viable.” The fund will draw on the research and brokering capabilities of the retail park team at Savills IM’s London-listed parent company, Savills Plc, and will search for properties with net operating income yields of 7 to 9 percent or more. The La…
DigitalBridge Expands Vantage Data Centers Into APAC Following PCCW Buy
…nager set up last year, when it was still known as Colony Capital. Getting Online in APAC Today’s announcement paves the way for Vantage to have its first operational data centres in Asia, to go with 14 facilities already online or under development in North America and Europe. Vantage Data Centers chief executive Sureel Choksi The PCCW portfolio includes seven data centres in Hong Kong that provide a combined 65MW of power, and a single mainland…
Asia’s Most Affordable Office Markets Sponsored Feature
…anding offshoring and outsourcing options. Technology companies, including online gaming, e-commerce, and flexible space operators, continue to take up space. The workforce has a high literacy rate of 96% with fluent English skills. High-income taxes are offset by low salaries. As a business-friendly city, Kuala Lumpur continues to attract corporates, but some businesses in the finance and insurance sectors are relocating to fringe neighborhoods,…
Mainland Agency 5i5j Boosts Footprint by 68% With Buyout of Competitor
…s it expanded. 5i5j in June this year itself saw an ownership shakeup when online marketplace 58 Group, which runs the 58.com advertising website, took an 8.28 percent share of 5i5j for RMB 1.68 billion. 58 Group said at the time that the two business were “very complimentary” in nature. 58.com Chairman Michael Jinbo Yao said his company was trying to develop its online platform to help increase the efficiency of 5i5j’s operations. “The secondary…
The Centre Holds As Things Don’t Fall Apart
…ki, and documentation on how tasks should be performed at RightSite is all stored on the Wiki. When a new intern shows up for work on their first day, their training program is stored for them to download on the Wiki. If anyone wants to know the best way to write a description of an industrial zone for a new listing, complete guidelines are stored on the Wiki. Our wiki is a pretty simple site created for free on Google Sites. I am not sure that…
Setting Up an Intranet with Open Atrium
…ut found that the free version had a ridiculously low storage capacity (we store a lot of reference documents) and the paid versions quickly started costing about US$20/month. Considering that the server that hosts RightSite costs less than US$100/month the Zoho solution seemed too expensive. Now we were able to get the entire system running in an afternoon, on the same server that hosts RightSite, and we will be set to start working more effectiv…
Best Buy Getting Schooled in China
…y’s future in the market. The US electronics retail giant opened its first store in China in 2006, but apparently has fallen well short of its goals. First, in a piece in Fortune magazine published yesterday. which appears inspired by a PR department’s efforts to put a bright face onto an upcoming repositioning, the company emphasises the need to go slow and learn from its local subsidiary, Five Star Appliance, which the company purchased a 75% st…
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