By Tanu Pandey
Kung will also be joined by Richard J Wong and Min Li.
The property giant has been at the centre of a complex battle for boardroom control.
Apple Inc. has revealed plans to set up two more research hubs and boost investment in China, a pivotal market in which the iPhone has been rapidly elbowed aside by local rivals. The announcement comes as chief executive officer Tim Cook undertakes his latest trip to a country that ranks… Read more »
LeEco plans to sell the site to Chinese developer Genzon Group for $260m
Bids for land by Chinese real estate developers have remained unexpectedly strong this quarter.
Wu Xinhong, co-founder and CEO of Meitu Inc., became the second billionaire.
J P Morgan Private Bank has announced Kam Shing Kwang as the new Chief Executive Officer for Asia. Meanwhile, Swiss banker J Safra Sarasin has appointed Vinay Gandhi as the Chief Executive for ultra-high net worth division in Asia. J P Morgan names Kam Shing Kwang as Asia Private Bank… Read more »
Saudi King Salman bin Abdulaziz is visiting Beijing this week.
It bid $958 million for the plot, beating 14 others.
Leaving businessman Li Yonghong to find a way to complete the deal on his own.