Big Three tuck into bumper returns

Shoppers with a taste for premier goods and services are boosting the profits of China’s internet giants and driving a consumption-fueled economy. Online retail sales of goods surged 25.9 percent in the first four months to 1.46 trillion yuan ($215 billion) compared to the same period last year, according to data released by the National… Tovább »

Evergrande makes $5.8b in unit sale

SHANGHAI-China Evergrande Group has raised 39.5 billion yuan ($5.8 billion) from selling a stake in a residential property company fraxel. The decision was part of a reorganization by one of the country’s biggest real estate companies ahead of a planned backdoor listing in the mainland. Evergrande’s shares jumped as much as 8.6 percent after analysts… Tovább »
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