Chinese online fashion group Shein to launch cut-price £22bn stock market listing in Hong Kong next week
The online fast fashion giant had once been pursuing a £74billion valuation but has been hit by Donald Trump's tariffs and the crackdown on tax loopholes it benefited from in the US and EU.
Hong Kong's commercial property investment sector experienced a remarkable 129% growth in the second quarter, surpassing other top markets such as Singapore and Australia, according to JLL. The surge in retail and office deals, coupled with a low base effect, propelled the market to a total of US$3.1 billion, with office investments primarily driven by assets under receivership.
The rebound in the second quarter contributed to a 35% year-on-year increase in commercial real estate investment in the Asia-Pacific region, reaching US$45.5 billion. Despite macroeconomic uncertainties and a complex interest rate environment, JLL's Oscar Chan highlighted that the city's commercial real estate market remains highly active, driven by improving rental prospects and interest in office assets.
This performance is expected to bolster regional growth, with a strong focus on technology-supporting assets and value-added real estate.
Written by urgent.news from SCMP Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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