Evergrande

Retail Asia22/09/2021

Several of China’s largest banks that issued loans to Evergrande are now reportedly considering taking on loan loss provisions and rolling over near-term obligations. Agricultural Bank of China – the nation’s third-largest lender by assets – has made some loan loss provisions for Evergrande-related exposure, according to a report citing unnamed sources. Separately, China Minsheng Banking […]

Retail Asia08/08/2018

McDonald’s China has opened 300 new stores during the last year, pressing ahead with an expansion strategy tied to deals with property developers. The company has signed contracts with Country Garden and Evergrande Group, giving it access to more locations in new retail centres. And the company has also invested in digital technology with more […]

Retail Asia11/11/2017

China’s commercial conglomerate Suning Holdings Group is partnering with Hon Hai Technology Group in an “extensive retail co-operation” worth at least RMB50 billion (US$8 billion). Suning has also signed an RMB20 billion investment agreement with Evergrande Real Estate Group. Both moves are aimed at online/offline integration and expanding Suning’s smart-retail strategy. The property developer will […]

Tag: Evergrande

Evergrande’s Lenders Prepare Loan Loss Provisions and Rollovers

McDonald’s China opens its 300th store

Suning Holdings next move is smart retailing