After earlier brushes with death, Greentown rebuilds with a stronger foundation
Despite falling sales in the first four months of the year, the property developer’s revenue was still much higher than many of its struggling rivals Key Takeaways: Greentown China reported…
PODCAST: Construction Material Woes, and a New Bull Market
Much has been said about China's suffering property developers, but construction material makers are also in trouble. Will the government come to their rescue? And offshore China stocks enter bull territory with a 25% rally for the Hang Seng Index. What's driving this sudden surge, and will it last?
Beleaguered Country Garden gets some temporary relief from domestic creditors
Some of the struggling developer’s Chinese creditors recently agreed to roll over their maturing obligations, as the company races to restructure its foreign debt Key Takeaways: Country Garden's sales continued…
Deadbeat developer debt collection enters new phase with Shimao liquidation
China Construction Bank’s request to liquidate Shimao shows that state-owned banks are starting to take legal action to recover their money from the debt-ridden industry Key Takeaways: A unit of…
Shangri-la finds new life in tourism industry rebound
The high-end hotel operator ended three years of losses with a return to profits last year, buoyed by a post-pandemic rebound in global travel Key Takeaways: Shangri-la earned a profit…
Ailing property market got you down? Not if you’re KE Holdings
The integrated online and offline real estate broker returned to the black last year and paid a generous dividend despite operating in China’s weak property market Key Takeaways: KE Holdings…
E-House rebuilding hits snag as rights plan stalls
The setback has added new uncertainties to the online real estate agent’s ongoing restructuring Key Takeaways: E-House’s restructuring has stalled over its inability to use one of its key assets…