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Real estate a 'major business' of billionaires

One-third of Chinese billionaires have businesses in real estate, a latest research report has found. The report, released by cuaa.net, an independent Chinese website focusing on alumni affairs, showed that half of the number of Chinese billionaires have businesses in three major ...

China set for rise to No. 2 slot

China might overtake Japan as the second-largest real estate market in the world after the United States by as early as next year, a leading international real estate information services provider predicted Thursday. "In 2009, DTZ's two strongest markets which bucked the trend of ...

DTZ to ride the real estate wave in China

Real estate services company DTZ Holdings is betting big on growth in China, as most of the major global property markets are languishing, a top company official said on Thursday. "During the past few months, we entered markets like New Zealand, Portugal and Austria," said Paul ...

Rebound spurs talk of new curbs

Expectations of further policy curbs aimed at the real estate market are gaining ground after property transactions in most Chinese cities rebounded strongly this month even as home prices continued to remain high. Statistics issued by the China Index Academy have shown that ...

New homes launched for sale

New homes in 48 projects, most located in the city and some in neighboring areas, are due to be released this month as the traditionally high season for home purchases began. Some 60 percent of the new supply, comprising one villa development and 47 apartment projects, are in ...

Changes aimed at cooling the flow of 'hot money'

Foreign institutions with a presence in China will only be allowed to buy commercial property for their own use and it must be in the city in which they are registered. According to Shenzhen-based Securities Times, the government is about to make the move to prevent the influx of ...

Chinese home buyers heading overseas

Individual Chinese investors are quickening their expansion into the overseas property market as tightening measures on the sector at home continue to restrict their opportunities. So far, 13 local governments have rolled out policies to restrict the number of homes that a family ...

Housing market hit by new rules

Property sales have seen a sharp drop and there's been an increase in the number of cancellations of home orders in Chinese cities that have introduced regulations to limit purchases of property. Dalian, in Liaoning province, is the latest to join in this move to control the ...

Grade A office rents seen to climb 15%

Grade A office rentals are expected to climb by as much as 15 percent this year in Shanghai, with the Puxi area continuing to outperform Pudong, a major international real estate services firm predicted yesterday. Office rents in Puxi may rise 15 percent over the next 12 months ...

Buyer pays US$18.3 mln for office in Jing'an

An unidentified individual Wednesday paid 121 million yuan (US$18.3 million) to buy the 57th floor of an office building in Jing'an District, making it the most expensive office in Shanghai. The buyer paid 100,372 yuan per square meter for 1,205.52 square meters on the top floor ...

eBay Buys Local Shopping Engine Milo

E-commerce giant eBay on Thursday announced that it has bought Milo, a local shopping engine that provides consumers with access to real-time local store inventory and pricing. Ebay said it plans to integrate Milo's technology into the eBay. com platform and mobile offerings, ...

Blind faith pays off in online baby products shop

Most aspiring entrepreneurs are advised to venture into new businesses with their eyes wide open. But five young Shanghai people flouted the conventional wisdom when they decided to start an online shop selling baby products. All five of them are blind. In the dark world they ...

China mulls real name registration for online shops

Supporters outnumbered opponents Sunday in an online poll on introducing a real-name system to online retail registration after China's commerce authority issued a draft to solicit public opinion. The State Administration for Industry and Commerce released a draft regulation on ...

Shoppers get creative to save

A likely new round inflation is making economical shoppers in China change their buying habits. [Full coverage: Price hike] While waiting at Hong Kong's Sheung Shui railway station for the train back to Shenzhen, only a stone's throw to the north, Xiao Wen is discussing her ...

Rising prices change lifestyles of Chinese shoppers

As China is likely to face a new round of all-around inflation, economical shoppers in the country are changing their buying habits to cushion the increasing pressure from rising prices. While waiting at Hong Kong's Sheung Shui railway station for the train back to Shenzhen, only ...

Taobao Initiative Ups Stakes for Baidu

Taobao, China's biggest online retailer, is now providing more information on its website to allow users to shop around and get feedback from other users before purchasing anything from the latest iPhone, to home decorating materials, to something as simple as an embossed ...

China's boom in online shopping to continue

A report on business in China predicts Chinese consumers will spend 500 billion yuan (about 73.5 billion U.S. dollars ) via online shopping in 2010, accounting for over three percent of all retail sales. The report forecasts total retail sales of consumer goods in 2010 at 15 ...

Shanghai tops China's online shopping market

Shanghai has topped the online shopping market in China in terms of purchases and sales turnover, according to an industry report. The city's residents spent 17.42 billion yuan (US$2.56 billion) online in the year ended May 1, accounting for 8.67 percent of the total online trade ...

China to launch real name registration for online shops from Thursday

Online shop owners in China will be required to submit personal information, including real names and addresses, to e-commerce agents before running their businesses online, according to a regulation which comes into effect Thursday. The regulation was issued by the State ...

Gap hopes to fill the gaps

Gap Inc, a global apparel retailer, plans to enter the Chinese market soon, by opening four outlets within this year. The company, which spent two years on market research before entering China, plans to open two outlets in Beijing and two in Shanghai. "Gap will wholly own our ...
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china

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world

market

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finance

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industry

trade

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