Tag Archives: China Real estate

Tujia, China’s equivalent of the property-rental site Airbnb, has raised $300 million in its latest round of funding, valuing the start-up at more than $1 billion, the company said on Monday. The fund-raising was led by the Hong Kong-based All-Stars Investment, which has also invested in the smartphone maker Xiaomi and the taxi-hailing app Didi Kuaidi. Luo Jun, one of ...

The Ministry of Finance said in a report last Thursday that China’s fiscal revenue rose 13.9 percent year on year in June, posting its biggest gain this year as property tax payments increased. Government revenue reached 1.53 trillion yuan (US$246 billion) in June, lifting the first-half revenue by 6.6 percent to 7.96 trillion yuan. The revenue gain last month was ...

Michael Spence a Nobel laureate and the William R. Berkley professor in Economic and Business at New York University, told a conference in New York on the 17th of April that he expects China’s GDP to average 6 to 7 percent annually. China’s real estate market is so big that it can affect the global economy, and the country’s regional ...

Zhuhai Real Estate developer, Liang Shezeng has joined the ranks of the world’s billionaires following gains in the share price of his Shenzhen-listed property development company, Guangdong Shirongzhaoye . Liang, 82, injected 76% of his property business, Shirong Industrial, into publicly traded Guangdong Well Medicine Science & Technology in 2008, subsequent to which the company changed its name to Guangdong ...