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3 mins read
It's not just Evergrande. Smaller Chinese real estate developers are also wobbling as the cash crunch spreads.
Evergrande's default has portended high-profile problems at other publicly listed Chinese property …
Huileng Tan
2 mins read
China's wealthiest real-estate magnates lost a combined $46 billion in 2021, headlined by Evergrande's founder seeing $17 billion erased
China's top real estate billionaires saw their fortunes slashed in 2021, with some losing their bil…
Max Adams
2 mins read
Wealth management products like Evergrande's are a big hidden risk for China's troubled property market, economists say
Often opaque financial products have helped property developers raise money but pose big risks, acc…
Harry Robertson
1 min read
Shares of Chinese developer Kaisa and units suspended as debt woes mount amid fears of contagion from Evergrande's crisis
Kaisa's troubles come amid concerns about a deepening liquidity crisis in the Chinese property sect…
Donny Kwok and Anne Marie Roa…
8 mins read
Gyms are scrambling to add squat racks for the strength-training renaissance
These days, gym-goers are hungry for weight-training. Gyms are becoming elliptical graveyards, and …
Gabby Landsverk,Hilary Brueck
2 mins read
Evergrande's whopping $81 billion loss is almost triple Iceland's GDP - it's a reflection of China's deepening property crisis
After failing to finish projects and repay lenders, Evergrande now holds the unfortunate title as t…
Joseph Wilkins
2 mins read
Asia's richest woman loses more than half her fortune as China's property crisis escalates
Yang Huiyan, Asia's wealthiest woman, has seen her wealth fall to $11 billion from nearly $24 billi…
2 mins read
House of cards: Goldman Sachs cuts MSCI China's earnings growth to zero
Goldman Sachs has cut MSCI China index’s earnings forecast to zero as China’s housing bubble inches…
3 mins read
Chinese real-estate developers are accepting wheat, garlic, and peaches as down payments for properties as the market slumps and bond defaults mount
"We are helping farmers with love, and making it easier for them to buy homes," said Central China …
Katie Boon,Huileng Tan
8 mins read
Meet K/DA, the virtual pop group that teamed up with a fake influencer who made controversial mental health posts
Riot Games released an EP from K/DA, the fictional "League of Legends" girl group, featuring new ch…
Palmer Haasch
2 mins read
K/DA, the fictional 'League of Legends' girl group, is coming out with new music
K/DA, the League of Legends girl group, is finally returning with new music, featuring a pre-releas…
Palmer Haasch
2 mins read
An activist investor with a 0.02% stake in Exxon ousted 2 of the oil giant's board members in a historic win
The win by Engine No. 1 highlighted a growing appetite among investors for corporations to tackle c…
Matthew Fox
2 mins read
Evergrande's last-gasp interest payment gives Chinese developer stocks and Asia bonds a lift
Hong Kong's Hang Seng mainland property index rose 3.3% in its biggest weekly gain in a month, whil…
Shalini Nagarajan
2 mins read
Global shares take a breather ahead of US jobs data in record-breaking week; oil rises after OPEC+ agrees slow supply rise
With the all-important monthly US jobs report due, stocks were trading steadily near record highs, …
Amanda Cooper
1 min read
K/DA, the fictional 'League of Legends' girl group, just released new single 'The Baddest' and will come back with a full EP later this year
K/DA, which is comprised of 'League of Legends' champions Akali, Evelynn, Kai'Sa, and Ahri, are bac…
Palmer Haasch
2 mins read
Burger King and Ronald McDonald kiss in a new ad to celebrate Helsinki Pride
Burger King Finland launched a marketing campaign featuring its mascot kissing Ronald McDonald – th…
Grace Dean
2 mins read
We May Have Just Witnessed Our First Truly Crippling Chinese Real Estate Default
Consider this a slap in the face to investors chasing yield around the world and finding it (or so …
Linette Lopez
2 mins read
One of investors' greatest fears about betting on China was just confirmed
Kaisa said in its statement that it, "will continue its efforts to reach a consensus al restructuri…
Myles Udland
3 mins read
China's silent promise to investors has been broken
For the second day in a row, a Chinese company has defaulted on its debt. Yesterday property develo…
Linette Lopez
1 min read
China just let part of a state-owned company default for the first time ever
The default will likely raise fears that China will allow other state-owned companies to default - …