Asian markets opened the year on a downward trend after Wall Street benchmarks ticked lower on the last trading day of 2023. U.S. futures were mixed and oil prices were ... ( read original story ...)
‘Need some buzz’: Shanghai firm turns dead woman’s flat into illegal staff dormitory, says place needs livening up
A row has broken out after a property management company in China was given keys to clean the empty home of a woman who died intestate and use it for storage, instead it was turned into illegal staff ... ( read original story ...)
Millions of tourists celebrate New Year in Shanghai
Shanghai recorded 7.18 million visits from tourists during the three-day New Year holiday, up 16.27 percent from the same period a year earlier, the city's cultural and tourism authorities revealed on ... ( read original story ...)
Shanghai launches new online portal for expat services
Shanghai Municipal People ' s Government launched the beta version of a new online portal (english.shanghai.gov.cn) for expat services on Jan 1. Called International Services Shanghai, the new website ... ( read original story ...)
Chinese fintech giant Ant Group gets approval for no-controller status, ending Jack Ma’s reign before seeking IPO
The People’s Bank of China announced on Saturday that Alipay.com Co has no controller, paving the way for owner Ant Group’s IPO. ( read original story ...)
China Is Trying to Fix Its Property Market. The Outlook Isn’t Bright.
New home prices in China’s 70 big cities fell for a sixth month and values in the secondary market declined the most in nine years. Policy makers are trying out a wide range of measures to stabilize ... ( read original story ...)
China property: ordinary buyers eye foreclosed homes at heavy discounts as investors retreat from market
A growing number of ordinary homebuyers looking to occupy their house rather than invest are looking at properties that have been repossessed by banks as a supply surge brings prices even lower. ( read original story ...)