US asset management giant BlackRock is in advanced talks to sell an office building on Shanghai's Changshou Road to Hillhouse Investment's Rava Partners at a price 54 per cent below what it paid to acquire the property nine years ago, according to market sources who spoke with Mingtiandi. The deal, now under due diligence, is said to value Trinity Place, a 31,697 square metre (341,184 square foot) tower in the city's Putuo district at about RMB 634 million (US$95 million), or about RMB 20,000 per square metre.
Western luxury brands are struggling in mainland China as consumers shift to secondhand goods and homegrown labels. Louis Vuitton has closed five stores in two years, while the country's pre-owned luxury market grew 15 to 20 per cent in 2025.
China's producer price index rose 5 per cent year-on-year in September, the fastest pace since June 2022, driven by higher oil and commodity costs. Consumer inflation edged up to 0.9 per cent, but weak domestic demand kept broader price pressures contained.
Taiwan's Ministry of Agriculture defended its handling of the Huwei Industrial Park farmland conversion proposal, saying it followed the law and requested additional documents from Yunlin County Government. The county government criticised the ministry for repeated skepticism, noting other similar p
Chinese social media users are complaining about 'tiaoxiu' (adjusted rest) workdays around the Golden Week holiday, arguing the system leaves them exhausted rather than rested. The debate has reignited over whether the policy is designed for worker welfare or to boost holiday spending.
Chinese EV maker NIO has signed definitive agreements with Geely subsidiaries for a deal involving battery-swapping and charging businesses. Under the terms, a Geely unit will invest 640 million yuan and contribute its own swapping business for a stake in NIO Power, valuing the unit at about 16 bill
Hong Kong's New World Development has received approval from the Shanghai Stock Exchange for the spinoff and listing of its REIT, with an expected offering size of 3.82 billion yuan (S$570.36 million). The company will retain 20 per cent of the units and expects net proceeds of 3.24 billion yuan fro
GLP has begun developing a 200MW hyperscale data centre campus in Foshan, Guangdong, with an expected investment of RMB 4 billion (S$595.6 million). The purpose-built facility will serve the AI training and advanced compute needs of a leading Chinese internet and cloud services company expanding its
Huawei launched the Mate XT2, a new foldable smartphone with a tri-fold design and its own Kirin 9050 Pro chip, on 7 Sept 2026. The launch is part of an intensifying competition in China's premium handset market, with Xiaomi and Apple also unveiling new devices this week.
Chinese robotics companies are pushing their machines from exhibition floors into homes and factories, but face major hurdles in reliability, real-world data collection and commercial scalability. Industry leaders say the sector is still waiting for its 'ChatGPT moment', which may be two to three ye
