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China s Billionaires Take Low-Profile Route to Exploring Space

China’s Billionaires Take Low-Profile Route to Exploring Space Bloomberg 14 hrs ago Bruce Einhorn (Bloomberg) Now that Jeff Bezos and Richard Branson have made their trips to space, other billionaires are bound to follow. China’s ultra-rich are also looking for adventure and business opportunities in the skies, but they’ll be keeping their feet firmly on the ground. Popular Searches The country’s tycoons are steering clear of space tourism and the type of exploration that Elon Musk is pursuing even further afield, instead focusing on businesses like satellite manufacturing and rocket launching that support China’s ambitions in space.

JLL China Unit Sale Draws Country Garden, Sunac Arms

JLL is pursuing a potential divestment of its property management business in China, Bloomberg News reported last month. A sale could also coincide with more Chinese developers’ property management units looking to list in Hong Kong, as they aim to capitalize investor enthusiasm for a sector that’s less vulnerable to government policy changes and economic cycles than real estate development itself. Deliberations are ongoing and companies might not proceed with any bids for the JLL unit, the people said. Representatives for JLL and Sunac Services declined to comment, while representatives for Country Garden Services and China Resources Mixc didn’t immediately respond to requests for comment.

Country Garden 2020 Profit Down About 11 5% on Pandemic Curbs

Country Garden 2020 Profit Down About 11 5% on Pandemic Curbs
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