Overseas losses put wrinkle in H World’s welcome mat
The hotel operator’s overseas revenue grew last year, but its widening losses sharply dragged down the company's overall profit Key Takeaways: H World reported its profit dropped nearly 27% in…
Dalu chases rich valuation on high margins in weak real estate market
The regional property manager has filed for a Nasdaq IPO that would value it at about $100 million and give it a far higher P/E ratio than most of its…
Manycore makes second listing attempt as mood brightens for tech companies
The virtual interior design startup filed for a Hong Kong IPO after its earlier New York listing attempt unraveled Key Takeaways: Virtual interior design company Manycore has filed for a…
McKinsey Weighs China Exit, and Shenzhen Rescues Vanke
Some partners at U.S. consulting giant McKinsey are questioning the wisdom of staying in China. What's driving their doubt, and what would a withdrawal signify? And Shenzhen rescues struggling developer Vanke. What is the city demanding in return for its assistance?
The state steps in to shield China Vanke from debt crunch
Default risks have receded at the embattled property developer after a state-backed support effort, but business recovery is still a long way off Key Takeaways: The head of the firm’s…
Property crisis deepens with debt action against Sunac
The Chinese real estate developer is battling a wind-up petition from one of its creditors and could be forced to seek another debt restructuring Key Takeaways: Sunac China said it…
Country Garden’s debt restructure hinges on stabilizing property market
The debt-laden developer released two long-overdue financial reports last week after detailing a clearly defined debt restructuring plan Key Takeaways: Country Garden revealed it lost 12.84 billion yuan in the…
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