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.
Evergrande Group has moved out of its headquarters building in Shenzhen, and that the building has removed branding that displays "Evergrande Group."
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.
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.
Xingfuli, a real estate trading platform owned by ByteDance, abruptly notified some Beijing new house sales employees of layoffs on Tuesday.
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.
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.
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 .
On October 4th, 2021, according to Tianyancha App, Beijing Fuwang Property Brokerage Co., Ltd., had made a registration change with the Industrial and Commercial Administration.
Commercial inquiry platform Tianyancha shows that the business scope of Mi Home Commercial Co., Ltd has changed to include non-residential real estate leasing and real estate brokerage in its offerings.
Scrambling to avoid defaulting on its debts, cash-strapped China Evergrande Group on Wednesday announced it would sell off a 9.99 billion yuan ($1.5 billion) stake in Shengjing Bank.
This recent drop in the stock price might be attributable to the situation of Soho China and the couple Pan Shiyi and Zhang Xin, the controllers of the company.
Reuters reported on Tuesday that Chinese housing broker KE Holdings is planning a Hong Kong stock market listing with an aim to raise $2 billion in funds. In an emailed response to Reuters, KE denied the plan.
Zhao Changlong will replace Xu Jiayin as chairman, and will also be general manager of Hengda Real Estate Group, a key unit under China Evergrande Group.
Past weeks have seen an onslaught of headlines surrounding the ordeal now faced by China Evergrande Group, once the world’s leading real estate-owning company by total assets, as it grapples with a lack of funds to service its growing debt and deteriorating public confidence.