Page 4 - Chinese Companies

Chinese real estate developers accepting watermelons as payment: Here's why

The deep recession in China's property market has compelled real estate companies to float a bizarre marketing strategy to lure home buyers.China's real estate developers have started accepting payments for homes in watermelons and other agricultural produce."Real estate developers in Chinese third- and fourth-tier cities have launched various promotional campaigns recently, including encouraging home buyers to pay part of their down payment with wheat and garlic, in a bid to attract farmers to purchase newly built homes to offload excess housing inventory," Global Times reported.One developer in Nanjing said it would allow home buyers to pay for their homes using watermelon at a rate of 20 yuan per kilogram, as per Global Times.The media outlet quoting a representative of the company said that the bizarre promotional event has been suspended after being ordered by the headquarters."We were told to delete all promotional posters on the social media platforms," said the representative,

Junk bond investors stung by China look to India and Southeast Asia

Asian junk bond investors are increasingly looking to smaller pockets of the market as a debt crisis among the biggest issuers, Chinese property developers, forces old playbooks to be rewritten

Govt clearance must for companies to appoint Chinese directors on board

According to an MHA notification, it will be mandatory for companies to seek clearance from the government before appointing directors from land-border sharing nations on their boards

IPL 2020: Edu-tech firm Unacademy set to fight for title sponsorship rights

A BCCI official confirmed that Unacademy has picked up the bid papers but refrained from making any comments beyond that

IPL 2020: Dream11 wins title sponsorship rights; pips Byju's, Unacademy

It was unclear whether the fantasy sports platform would now give up its existing associate partnership with the IPL

Over 80 firms including China's JD.com face delisting risk from US

The SEC on Wednesday expanded the list, consisting of US-listed Chinese entities, on a provisional lineup under a 2020 law known as The Holding Foreign Companies Accountable Act.

Chinese firms' $9 bn IPO plans stalled amid Covid outbreak, filings show

A wave of Chinese companies have halted domestic listing plans, filings show, as the country's biggest coronavirus outbreak in two years hampered due diligence and information gathering

Alibaba Group Holding ups buybacks to $25 billion; crackdown to ease

Move represents one of the largest shareholder-reward programmes

Chinese automaker SAIC's MG Motor India to raise funds for EV push: Report

'MG Motor India has yet to finalise how much money it plans to raise, which will depend on the valuation of the Indian business and its growth plans'

Alibaba reports smallest rise in quarterly revenue, misses expectations

The slowing Chinese economy has taken a toll on the e-commerce company, as consumers cut back discretionary spending

China's 'little giants' are its latest weapon in the US tech war

That's the designation for a new generation of start-ups that have been selected under an ambitious government program aimed at fostering a technology industry that can compete with Silicon Valley

China's regulator proposes tightening rules for companies listing abroad

Chinese firms have raised about $12.8 billion in US listings in 2021, according to Refinitiv data

Alibaba jumps most since Hong Kong Listing as China tech rebounds

Shares of the e-commerce giant advanced as much as 12% on Tuesday

China will encourage listing of leading futures firms, to issue futures law

China's commodities market had been volatile this year amid the uneven global economic recovery, easing liquidity and speculation

Chinese regulators ask Didi to delist from US bourses on security fears

The country's tech watchdog wants management to take the company off the New York Stock Exchange because of concerns about leakage of sensitive data, sources said

Liquidity worries deepen as unit of Chinese developer Kaisa misses payment

The Shenzhen-based developer has the most offshore debt coming due over the next year of any Chinese developer after embattled China Evergrande Group

China property firms' shares, bonds take hit after Yango debt exchange

Evergrande narrowly avoided a catastrophic default for the second time in a week on Friday, making a last-minute payment on an overdue dollar bond coupon

China's state-owned firms struggle to align climate rhetoric with reality

China has already submitted updated climate targets to the United Nations as a new round of climate change talks gets under way in Glasgow.

China Evergrande makes onshore coupon payment: Report

The liquidity crisis at Evergrande, which has $300 billion in debt and has missed a series in bond payments, has roiled global markets.

China's central bank says spillover from Evergrande crisis 'controllable'

Concerns are growing that the cash crunch at Evergrande is spilling over to other developers