Checking out or checking in? Jin Jiang can’t decide
Three years after privatizing its Hong Kong-listed shares, storied hotelier Jin Jiang has rolled out plans to re-list on the city’s stock exchange Key Takeaways: Jin Jiang has applied to…
Tongcheng beefs up its hotel management, as Wanda buys more time
China’s third-largest online travel company is buying the hotel management unit of a former highflying operator now struggling to stay one step ahead of its creditors Key Takeaways Tongcheng has…
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…
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