Walmart Withdraws from JD.com: Focusing on Operating Offline Physical Stores
With Walmart announcing this week its complete withdrawal from JD.com’s shareholder ranks to focus on operating physical stores in China,…
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The appreciation or depreciation of the Renminbi currency is causing headaches for the Chinese Communist Party.
The Chinese central bank spent more than a year setting a bottom line for the continuously falling Renminbi. Now, facing…
Chairman Powell of the Federal Reserve: It’s Time to Cut Interest Rates
On Friday, August 23rd, Federal Reserve Chairman Jerome Powell stated that it is time to cut interest rates and indicated…
Hangzhou woman purchases one million financial products through China Merchants Bank app, only recovers 11,600.
On August 23, Mrs. Xu from Hangzhou made headlines by purchasing a 1 million yuan (RMB) wealth management asset plan…
Century-sized diamond found in African mine, weighs 2492 carats
Botswana, a country in southern Africa, has unearthed the largest diamond discovered in over a century at a mine in…
Funding Still Short, Vanke’s Wholly-Owned Subsidiary Sells Assets
China’s real estate industry continues to decline, with state-owned enterprise Vanke Group intensifying efforts to dispose of assets to retrieve…
Wang Jianlin sells off assets again, unloading Wanda Plaza in Hangzhou
In the cold real estate market in China, Wanda Group Chairman Wang Jianlin is selling Hangzhou’s first Wanda Plaza for…
Belle Earnings from Operations Cash Flow down Nearly 90% YoY in First Half of the Year
China’s real estate crisis continues to pose challenges as the economy remains sluggish, directly impacting the property management industry. In…
Mainland China: “Companies Implement Four-day Work Week and Three-day Weekend, Decrease Salaries” Goes Viral – Hidden Pay Cuts?
With various industries in mainland China facing a downturn, layoffs and pay cuts have become a major trend. Recently, the…
Is Qingyuan, Guangdong turning into “Crane Hill”? 150,000 for a Two-Bedroom Apartment
In recent years, more and more Chinese cities are experiencing a phenomenon known as “Hegangization,” where real estate prices plummet…