Latest News for: yulu

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Risks to China’s financial system to rise as property downturn persists, Moody’s says

South China Morning Post 02 Dec 2022
The risks to the stability of China’s financial system are rising because of the downturn in the country’s property sector and a slowing economy, Moody’s Investors Service said ... .
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Chinese developers line up to tap equity financing after regulators lift ban on share sales

South China Morning Post 30 Nov 2022
At least four developers are rushing to raise funds in what is likely to be the first wave of stock placements, after Chinese regulators lifted a six-year ban on equity financing to rescue the industry ... .
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China offers another lifeline for cash-strapped developers as it allows them to tap equity financing

South China Morning Post 29 Nov 2022
The CSRC’s measures to facilitate equity financing for Chinese developers applies to companies listed in mainland China and in Hong Kong ... .
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China property: will mortgage rates at 13-year low help Beijing attract buyers back to stagnant market?

South China Morning Post 28 Nov 2022
Average borrowing costs have fallen to a 13-year low and are possibly cheaper in certain cities across China ... .
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Evergrande crisis: Chinese developer’s Shenzhen plot sold to local government-backed buyer for US$1 billion

South China Morning Post 28 Nov 2022
The 10,376-square-metre plot in Shenzhen’s Nanshan district was sold to government-backed Shenzhen Anju Jianye Investment Operation. Evergrande acquired the plot in 2017 for 5.55 billion yuan ... .
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Hong Kong’s Tsim Sha Tsui dethroned as world’s most expensive shopping district, falls behind New ...

South China Morning Post 23 Nov 2022
New York’s upper Fifth Avenue displaces Tsim Sha Tsui on Cushman & Wakefield’s first top 10 ranking since 2019, as rents tumble amid an economic slowdown and lack of international visitors ... .
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Yulu Bikes to spend funding on RD, to expand fleet, product lineup

Moneycontrol 22 Nov 2022
Chief financial officer Anuj ...
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Yulu Bikes, Bajaj Auto to unveil third gen E-bike by year-end

The Economic Times 21 Nov 2022
Amit Gupta, co-founder and CEO, Yulu Bikes told ET, "The potential for growing ...
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Moody’s says Beijing’s support for property sector not enough to dispel gloomy outlook

South China Morning Post 17 Nov 2022
The outlook for China’s US$2.6 trillion housing market remains gloomy despite the rescue measures rolled out by the central government this week, Moody’s Investors Service said on Thursday ... .
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China’s new home prices see sharpest decline in 7 years in October as property sector ...

South China Morning Post 16 Nov 2022
New home prices in China fell by the most in seven years in October, reflecting the sluggish demand and difficulties facing the property market ... .
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Yulu secures $9 million from US International Development Finance Corporation

Moneycontrol 14 Nov 2022
... deliveries, Yulu has said .
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Yulu secures nine million US dollars (Rs 73 crore) financing from US International Development Finance Corp

Financial Express 14 Nov 2022
According to the company, 75 million+ green deliveries have been made using Yulu EVs till date, and the company has helped save 15000 metric tons of CO2 emissions ... The funds are aimed at bolstering Yulu’s momentum towards its vision of enabling green last-mile mobility.
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‘Turning point’ for China’s property developers: Beijing measures to ease credit crunch, stabilise sector, analysts say

South China Morning Post 14 Nov 2022
Beijing’s 16-point rescue plan to stabilise the nation’s wobbling property sector is being hailed by analysts as the clearest sign yet of the government’s determination to resolve the crisis ... .
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Longfor taps bond guarantee plan, sending stocks soaring amid hopes that China’s financial lifeline can ...

South China Morning Post 11 Nov 2022
The plan is the crucial “ second arrow ” in the government’s quiver of financial support for the property sector, saddled with overdue bonds, unfinished homes and dozens of developers on the brink of bankruptcy ... .
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Tencent, ByteDance, Alibaba founders see fortunes plunge as China billionaire list loses nearly 300 members

South China Morning Post 08 Nov 2022
A total of 293 billionaires drop off the Hurun China Rich List, as Tencent’s Pony Ma, ByteDance’s Zhang Yiming and Alibaba’s Jack Ma see their fortunes plunge by as much as 32 per cent ... .

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