BRIEF: Alibaba, Ant Group to buy prime Hong Kong office for $925 million
E-commerce giant Alibaba Group Holding Ltd. (BABA.US; 9988.HK) and its financial affiliate, Ant Group Co. Ltd., announced they will acquire multiple floors in a prime office building in Hong Kong’s…
BRIEF: Vanke Chairman Xin Jie resigns, citing personal reasons
Chinese property developer China Vanke Co. Ltd. (2202.HK; 000002.SZ) announced on Monday that its Chairman Xin Jie has resigned for personal reasons. It added the board has elected Huang Liping,…
BRIEF: Jinmao’s August sales jump 46%
Property developer China Jinmao Holdings Group Ltd. (0817.HK) said on Tuesday it recorded sales of 9.08 billion yuan ($1.28 billion) in August, up 46% year-on-year and up 7.3% from July.…
BRIEF: Sunac’s sales fall 27% in August
Real estate developer Sunac China Holdings Ltd. (1918.HK) said on Thursday its contracted sales totaled 5.39 billion yuan ($755 million) in August, down 27% from the same month a year…
BRIEF: Onewo’s first-half profit rises on community services growth
Property management firm Onewo Inc. (2602.HK) said on Monday its revenue rose 3.1% year-on-year to 18.14 billion yuan ($2.53 billion) in the first half of 2025. Its net profit for…
BRIEF: KWG Group faces liquidation petition
Property developer KWG Group Holdings Ltd. (1813.HK) said on Wednesday that Shandong Sunlight Xin Tiandi Micro-finance Com. Ltd. filed a winding-up petition against the company with Hong Kong’s High Court…
BRIEF: Auditor casts doubt on Ever Reach’s ability to continue as going concern
Property developer Ever Reach Group (Holdings) Co. Ltd. (3616.HK) on Monday reported its revenue totaled 2.76 billion yuan ($38.5 million) last year, down 22% year-over-year. The company posted an annual…
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