Mainland China’s second-largest property developer by sales is buying a controlling stake in Jia Yueting’s Faraday Future for HK$6.75 billion ($860 million) as it takes on a commitment to invest some $2 billion in the flailing Los Angeles-based electric car startup.
Asia Real Estate People in the News 2017-03-20
Change is in the air for Asia’s real estate professionals as the head of a health care subsidiary of China’s largest developer shows signs of hurting, and new roles abound in the flexible space. Also making moves this week was… Read More>>
Developer Guangzhou Evergrande Planning Tropical Plastic Surgery Resort
Evergrande Real Estate Group last week announced plans to set up a cosmetic surgery business in a special economic zone on China’s Boao island as the giant property developer continues to branch out into new business areas.
At an event… Read More>>