Argo will receive upfront payments of $185 million from Novartis and is eligible to receive potential option and milestone payments as well as tiered royalties on commercial sales. - Novartis will ... ( read original story ...)
UBS Plans Bigger China Onshore Wealth, Asset Management Business
UBS Group AG aims to grow its wealth and asset management business in China, despite the slowing economy and dearth of deals that’s weighed on some Wall Street and European lenders in the country. ( read original story ...)
Four Luxury Hotels in Shanghai Change Owners Due to Financial Issues
Wanda Commercial, the debt-laden commercial property management unit of Chinese real estate giant Dalian Wanda Group, sold several Wanda Plazas last year due to financial constraints. Beijing Yinglang ... ( read original story ...)
Hennessy opens its first flagship store in Asia
Hennessy has launched a flagship store in Shanghai, its first in Asia. Where it is: The new flagship store is located at Taikoo Li Qiantan, a high-end retail spot in Shanghai. The business will serve ... ( read original story ...)
Legoland Shanghai to open early next year
Legoland Shanghai Resort, the international IP-based theme park operated by British entertainment group Merlin Entertainments Ltd, is set to open in the spring or summer of 2025. It is expecting 3 to ... ( read original story ...)
Pudong mirrors China’s modernization drive
Pudong's transformation is an embodiment of China's modernization drive over the past decades. When designated a new area in 1990, Pudong was still a vast expanse of desolate farmland, said Shao ... ( read original story ...)
China banks scrap business class flights in bid to rein in costs
The push to have banks backstop struggling property firms and local government financing vehicles has added to their woes. Read more at straitstimes.com. ( read original story ...)