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Guangzhou

Chinese EV makers’ losses mount as rising sales fail to offset steep discounts

by Anas Siddiqui
Chinese EV makers’ losses mount as rising sales fail to offset steep discounts

“Time is against many companies since they need to survive a cutthroat price war,” said David Zhang, general secretary of the International Intelligent Vehicle Engineering Association. “When they run out …

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Chinese EV maker Xpeng expects minimum 35% jump in sales, citing tech investments

by Anas Siddiqui
Chinese EV maker Xpeng expects minimum 35% jump in sales, citing tech investments

Chinese electric vehicle (EV) maker Xpeng expects its deliveries to jump in the third quarter, as its CEO said past technology investments are paying off amid a rising penchant for …

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Hong Kong Island site for 500 flats, once Chinese developer Agile’s, put up for tender

by Anas Siddiqui
Hong Kong Island site for 500 flats, once Chinese developer Agile’s, put up for tender

The receiver of a nearly 450,000 sq ft residential site in Hong Kong Island’s Eastern district, once owned by distressed Chinese developer Agile Group Holdings, put the property up for …

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Kaisa says it has creditors’ support as it unveils debt workout plan to avoid liquidation

by Anas Siddiqui
Kaisa says it has creditors’ support as it unveils debt workout plan to avoid liquidation

Kaisa Group has unveiled its long-awaited debt workout plan to avoid a showdown during next month’s liquidation court hearing in Hong Kong, the first time the Shenzhen-based developer is restructuring …

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Shein gets go-ahead to build US$514-million first phase of new Guangzhou supply chain hub

by Anas Siddiqui
Shein gets go-ahead to build US4-million first phase of new Guangzhou supply chain hub

Chinese-founded fast-fashion online retailer Shein has received the go-ahead from local authorities in Guangzhou, capital of southern Guangdong province, to build a new supply chain hub in the city’s Zengcheng …

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China’s July home prices fall at a slower pace as state support shows ‘some effect’

by Anas Siddiqui
China’s July home prices fall at a slower pace as state support shows ‘some effect’

Home prices across China suffered a 14th consecutive month of decline in July, a sign that authorities’ rescue package has done little to revive sentiment. Prices of new homes in …

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Greater Bay Area home sales surged in June after property market rescue package

by Anas Siddiqui
Greater Bay Area home sales surged in June after property market rescue package

Cushman expects some 180,000 new homes to change hands in the second half of the year, up from 133,000 in the first six months. This would further narrow the annualised …

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China property: Beijing becomes last major mainland city to ease housing rules

by Ron Morgan
China property: Beijing becomes last major mainland city to ease housing rules

Beijing, China’s capital, has finally joined other major Chinese cities in relaxing home buying restrictions to bolster the property market. The Beijing Municipal Commission of Housing and Urban Development said …

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‘Crip art’: disabled artists get new Hong Kong platform, sparked by shocking job interview

by Haddis Thomas
‘Crip art’: disabled artists get new Hong Kong platform, sparked by shocking job interview

The HR executive’s gaze fell on 34-year-old Yeung. “What’s going on with her hands?” she asked, as if Yeung had not been in the room. Art collective c.95d8 founders (from …

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China’s expanding next-generation icebreaker fleet welcomes Jidi, its newest member

by Ron Morgan
China’s expanding next-generation icebreaker fleet welcomes Jidi, its newest member

China’s fourth polar research icebreaker was delivered to the Ministry of Natural Resources in Guangzhou’s Nansha district on Monday and was expected to be dispatched for research resupply missions later …

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