Analysis

How China’s PE funds will help revive its distressed property market

Pilot PE real estate funds will be allowed to invest in residential property, including unfinished projects.

The company is backed by AC Ventures, Ephesus United, Teja Ventures, SGInnovate, and Partech.

Filings show that losses surged nearly 65% even as revenues jumped by 72% in 2022.

The group is also planning to monetise non-strategic assets in its portfolio.

Market confidence is returning after the PCAOB gained the right to inspect the books of US-listed Chinese firms.

Alibaba began laying the groundwork for the restructuring over the past few years, he said.

Net profit in 2022 was mostly driven by investment gains and finance income.

The number of fintech players in the archipelago grew to 334 in 2022 from only 51 in 2011.

Pantheon Lab will use the fresh capital to expand its scale as well as ramp up R&D.

Mainland China computer, communications equipment and media indexes have surged between 29% and 35% this year.