…e in China Retail Retailers need to adapt to new scenarios as consumers go online to buy fast moving consumer goods, a report said yesterday. Online sales in China continue their decade-long success with consumers embracing online shopping even more fervently than before, Bain & Co and Kantar Worldpanel said in their fifth annual China shopper report. The size of online FMCG spending in China jumped 36.5 percent in 2015, with growth in volume comp…
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Building Asia’s Digital Future – Mingtiandi Launches Real Estate Tech Report
…how real estate investors, developers and service providers are turning to online tools and systems to gain or maintain a competitive edge. The survey and report were produced in cooperation with real estate investment and property management software provider Yardi Systems. The online poll asked these property industry professionals, 38 percent of whom manage over $1 billion in real estate assets, about how they currently manage their company inf…
Chinese AI Firm Sets Up in Singapore and More Asia Real Estate Headlines
…ir online-to-offline business resources to enable customers to make orders online and pick up products at either brand’s offline stores. Both companies will also offer their products in Secoo’s experience centers and Parkson’s stores. Read more>> Cambodia Rejects Report on Chinese Money Laundering The spokesman for Cambodia’s Ministry of Foreign Affairs hit back at news reports about Chinese investors laundering their money through Cambodia’s real…
SG Proptech Start-Up Raises Seed Funding From Mitsubishi Estate
…p by entrepreneurs Ben and Ginny Eckblad in 2017 as Singapore’s first ever online marketplace for workspace, the company woos users with an offer of more efficient property searches covering a wider range of options. The funding for GorillaSpace comes after the startup was selected for JLL and Lendlease’s inaugural property technology accelerator programme organised in Singapore last year. The GorillaSpace team mapping out the future of the compan…
Tencent, Warburg Pincus Said Investing $1.5B in China’s Lianjia
…eting their assets directly on the Internet and has been rapidly expanding online ventures through its Ke.com online listing platform and Ziroom rental apartment network. Raising Funds to Ramp Up Online Presence According to the Journal report, the newly raised funds are ear-marked for further development of real estate brokerage website Ke.com, (also known as 贝壳找房), which offers new houses, second-hand houses, and rental houses in more than 500 c…
Tencent Forms RMB 1.2B Greater China Grocery JV with ParknShop and Yonghui
…018 alone, of which 115 were new retail stores that connect customers from online platforms with physical stores. The company’s latest interim report shows, it generated revenue RMB 34.39 billion in the first half of 2018, representing a year on year increase of 21.47 percent. The company’s net profit, however, slid to RMB 933 million, an 11.54 percent decrease year on year as sales and marketing expenses, as well as management costs climbed 43.97…
Angry Customers Occupy Office of Defaulting Beijing Rental Housing Operator
…this rapid development, the company operated outside the boundaries of many standard business practices, including asking tenants to transfer rental payments to the personal WeChat and Alipay accounts of the company’s managers. Haoyuan also encouraged tenants to pay their rent via online financial service platforms, which turned out to be an instalment loan service. Tenants who agreed to use the online financial service found that they had actual…
Le Eco Auctioning Beijing Shimao Gongsan Plaza on Taobao for RMB 2.3B
…dding price starting from RMB 2.3 billion. Jia Yueting proves that he’s an online guy to the bitter end Wholly owned by LeEco, Beijing Fortune Times is the holding vehicle for Beijing Shimao Gongsan Plaza, which the tech firm originally acquired from developer Shimao Group in May 2016 for RMB 2.97 billion. By November that year, LeEco was reported to have already pledged shares in the two companies holding the property to CITIC Bank in return for…
Smaller discounts crimp demand for new homes in Shanghai – Today’s China Real Estate Links | August 1, 2012
…tomers include U.S. First Lady Michelle Obama, is planning its first Asian store in Hong Kong targeting tourists from mainland China that totaled 28 million last year. The retailer may open the Hong Kong store as early as next year and is also looking for sites in Beijing and Shanghai, Chief Executive Officer Mickey Drexler said in an interview in Hong Kong. Hang Lung First-Half Underlying Profit Rises on Home Sales Hang Lung Properties Ltd. (101)…
IKEA Expands in China as Tesco Shutters Retail Shops
…let in the city), following the opening of a new outlet in Ningbo, a third store in Shanghai and a second store in Beijing. Ikea will also start the construction of stores in Chongqing and Wuhan later this year, according to Renwick. During its latest financial report last week, Ikea reported revenue of more than 5.4 billion yuan ($850 million) in China during its 2012 fiscal year. This revenue represents a 21 percent increase over the company’s C…
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