Real Estate Archives

Douyin Real Estate Is Undergoing New Structural Adjustments, Transitioning to Online Business

Douyin Real Estate underwent a new round of structural adjustments in February, fully transitioning to online business.

Insiders Debunk Rumors of Tencent’s Entry into the Real Estate Industry

On July 26th, Tencent underwent a business change, with the addition of real estate development and operation as a licensed business project in its scope of operations, and non-residential real estate leasing as a general business project.

Evergrande Auto to Sell Residential and Property Management Projects to Focus on EV Production

On April 24th, China Evergrande Group announced that its new energy vehicle division will sell two of its businesses to another unit within the group. The move is aimed at enabling Evergrande Auto to focus on automaking.

Chairman Pan Shiyi Steps Down from SOHO China

On April 10th, SOHO China underwent a change in its business registration information. The legal representative and chairman of the board were changed from Pan Shiyi to Xu Jin.

Evergrande Auto Seeks $4.2B to Avoid Production Halt

On March 22, Evergrande, a property developer that has been at the center of China's property sector crisis, issued a warning stating that its electric vehicle division may need to suspend production if it fails to secure new financing.

ByteDance Establishes New Offline Real Estate Agent Brand

TikTok parent company ByteDance has made many prior moves into the real estate business. It intends to build a brand in the field named "Qiuhe Real Estate" for the western region of China.

ByteDance Launches Home Decoration App Zhuhaojia

Zhuhaojia, the self-operated home decoration unit of Beijing-based TikTok owner ByteDance, has recently launched an independent app, indicating that the tech giant has separated this business division.

Evergrande Auto Cuts 60% of Tianjin Factory Staff as Quality Concerns Swirl

The Hengchi 5 model made by the automotive wing of Chinese real estate developer Evergrande opened for sale at the end of October. Recently, however, some Chinese web users have complained that the new car is beset with various quality problems.

Evergrande Auto’s Hengchi 5 Reportedly Receives 50,000 Orders

Real estate developer Evergrande's first pure electric SUV, the Hengchi 5, has seen 50,000 units ordered within the 10 hours of blind booking during Labor Day holiday.

Kuaishou E-Commerce Sets Up Real Estate Business Center

The e-commerce arm of Kuaishou, TikTok's rival in China, announced the establishment of a real estate business center by an internal letter in April this year.

Property Platform KE Holdings to Complete Dual Primary Listing in Hong Kong

KE Holdings, a Chinese real estate trading platform, announced on Wednesday that it plans to be listed on the Main Board of the Hong Kong Stock Exchange (HKEx) by way of introduction, with Goldman Sachs and CICC as co-sponsors.

Chinese Real Estate Brokerage Firm Lianjia Accessed Meituan’s Group Buying Channel

Many real estate brokerage stores in Beijing had assumed dual roles as package delivery and pick up stations for community group buying platform Meituan Youxuan.

Chinese Real Estate Firm KE Holdings Denies New Round of Layoffs

After a wave of personnel changes in October last year, Chinese real estate platform for housing transactions and services KE Holdings (Beike) has conducted another round of staff adjustments this month.

Evergrande Group Cancels Lease of Shenzhen HQ Building

Evergrande Group has moved out of its headquarters building in Shenzhen, and that the building has removed branding that displays "Evergrande Group."

Muddy Waters Research Company Shorts Chinese Real Estate Trading Platform KE Holdings

On Thursday, Muddy Waters Research released a report on its latest short-selling target: a U.S.-listed, China-based real estate trading platform, KE Holdings, pushing its shares down as much as 10% in premarket trading.

Evergrande Auto: Work Hard for 180 days, Yangzhou Battery Factory to Start Production in May Next Year

Liu Yongzhuo, President of Evergrande Auto, said that the three-month battle to get the first car off the assembly line, which started on October 8, has achieved initial results, and the BIW assembly line was launched at the end of November.

ByteDance’s Real Estate Trading Platform Xingfuli Abolishes New House Salesmen

Xingfuli, a real estate trading platform owned by ByteDance, abruptly notified some Beijing new house sales employees of layoffs on Tuesday.

ByteDance to Split Real Estate Trading Business Xingfuli

ByteDance will split its real estate business Xingfuli. At present, Xingfuli has started a financing plan and will introduce external strategic shareholders as it develops independently.

Real Estate Platform KE Holdings Reports $2.8 Billion in Q3 Revenue

KE Holdings Inc., an integrated online and offline platform for housing transactions and services, released its Q3 financial report on Tuesday, showing net revenue reaching $2.8 billion, a decrease of 11.9% year-on-year.

KE Holdings Responds to Rumors of Layoffs in Shanghai R&D Department

This Monday evening, in response to a rumor that the entire research and development (R&D) team of KE Holdings in Shanghai had been cut, KE Holdings said that the company has adjusted some financial businesses in Shanghai according to the industry environment .

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