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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
