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SHANGHAI: China Evergrande Group’s target for cutting its US$100bil (RM414.75bil) in debt hinges on more profit-squeezing property price cuts and aggressive equity fundraising from its non-core businesses.
BEIJING (Global Times): The chief epidemiologist of the Chinese Center for Disease Control and Prevention (CDC) Wu Zunyou proposed that China and the US should work jointly to lift mutual travel restrictions in August or September when the US is expected to reach herd immunity.
HONG KONG: Property giant China Evergrande's Hong-Kong listed electric vehicles firm said on Sunday it would bring in six new investors to raise HK$26 billion ($3.4 billion) to fund technology research and repay debt.
SINGAPORE/BEIJING, Jan 19 (Bloomberg): Pressure is mounting on an heir to Singapore’s biggest family fortune as he seeks to salvage the troubled property investment at the center of an ambitious expansion into China.
HONG KONG: Evergrande Property Services Group's Hong Kong IPO priced at the lower end of expectations to raise $1.8 billion, three sources said, the tepid demand underscoring concerns about the financial health of its debt-laden parent.
HONG KONG: JD Health, the healthcare arm of Chinese e-tailer JD.com Inc, aims to raise up to $4 billion in Hong Kong's largest initial public offering (IPO) of 2020, three people with direct knowledge of the matter told Reuters.
NEW YORK: Goldman Sachs Asset Management sees an opportunity in Asia’s junk dollar bonds, which lag the United States despite a recent rally.
Country’s GDP expands 4.9% in third quarter
CHINA’S economic recovery from the depths plunged during the Covid-19 pandemic is providing support for a world economy suffering its deepest recession since the Great Depression.
Alibaba’s Tmall to upend China’s real estate industry by using the Internet for entire sales process
Developers are listing their home projects on Tmall Haofang, a new sales channel by world’s largest e-commerce platform. Selected projects sold on the ‘good homes’ channel will offer up to 15% discount to catalogue prices.