Jack Ma, cofounder of Chinese e-commerce behemoth Alibaba and fintech giant Ant Group. PHILIPPE LOPEZ/AFP via Getty Images) For China’s richest billionaires, last year was the worst in decades. Covid-...
Tag: China real estate
Chinese Real Estate Tycoons Gain Almost $4 Billion After Beijing Surprises Market With Sweeping Support
Wu Yajun (left), cofounder-chair of Longfor Group Holdings, and Yang Huiyan, co-chair of Country Garden. Courtesy of Longfor; courtesy of Yang Huiyan Two of China’s richest female real estate tycoons—...
Xintiandi Developer Shui On Sees Possible “Golden Era” After Profit Drops By 58% Amid Shanghai Lockdowns
Xintandi office buildings located in central Shanghai. (Photo by Ryan Pyle/Corbis via Getty Images) Corbis via Getty Images Profit at Shui On Land, the Hong Kong-headquartered developer of Shanghai’s ...
Billionaire Yang Huiyan’s Country Garden Warns Profit Will Plunge 70% Amid China’s Property Crisis
Country Garden’s Fengming Haishang residential development in Shanghai, China, on July 12, 2022. Qilai Shen/Bloomberg Country Garden Holdings—controlled by billionaire Yang Huiyan and her family...