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While the sales are more likely the result of individual financial problems, the low transaction prices threaten to dampen sentiment in Hong Kong's already weak market. (Bloomberg) -- A Hong Kong businessman whose wife was arrested in Vietnam has emerged as the latest desperate seller in the city's increasingly turbulent property market. [Extracted from the article]

(Bloomberg) -- Country Garden Holdings Co. bondholders are setting their sights on the company's billionaire Chair Yang Huiyan to see if she will use her vast personal fortune to support the struggling Chinese property firm. Other than the billions of dollars from dividends, the family still controls a $2 billion stake in Country Garden, a $1.2 billion stake in Country Garden Services and a $20 million stake in US-listed Bright Scholar Education Holdings Ltd. through a family trust. [Extracted from the article]

(Bloomberg) -- Country Garden Holdings Co. bondholders are setting their sights on the company's billionaire Chair Yang Huiyan to see if she will use her vast personal fortune to support the struggling Chinese property firm. Yang, who the Bloomberg Billionaires Index estimates has a net worth of more than $5 billion, will get about $28 million in dividends Friday for her personal stake in the firm's services unit, according to Bloomberg calculations. [Extracted from the article]

Other than the billions of dollars from dividends, the family still controls a $2 billion stake in Country Garden, a $1.2 billion stake in Country Garden Services and a $20 million stake in US-listed Bright Scholar Education Holdings Ltd. through a family trust. (Bloomberg) -- Country Garden Holdings Co. bondholders are setting their sights on the company's billionaire Chair Yang Huiyan to see if she will use her vast personal fortune to support the struggling Chinese property firm. [Extracted from the article]

Eye on Trend Management at Maranello, Italy-based Ferrari has long had its eye on rising sales to female buyers in China. (Bloomberg) -- If you spot four Ferraris on a street in China, chances are a woman is behind the wheel of at least one. Mainland China, Hong Kong and Taiwan accounted for 12% of Ferrari's sales last year with almost 1,600 cars, more than double compared with five years ago, according to the company's annual reports. [Extracted from the article]

Pham Nhat Vuong has the paperwork in place to take his electric-vehicle maker VinFast public through a SPAC listing with a blank-check firm founded by casino mogul Lawrence Ho. The deal would give VinFast, a company little known outside Vietnam, an equity value of $23 billion. The majority of the blank-check firm's shareholders other than Ho were unwilling to go the distance with VinFast - about 84% of them in July redeemed their stock for cash, rather than remaining invested and ultimately getting a piece of the EV maker. [Extracted from the article]

Star Plus Legend is closely intertwined with Chou, selling products that are promoted using his intellectual property, including Modong, one of China's top selling bulletproof coffee brands. Bulletproof Yeh started Star Plus Legend in 2017 with co-founders including Yang Chun-Jung, Chou's agent and partner of music label company JVR Music, according to the IPO prospectus. (Bloomberg) -- Taiwanese pop superstar Jay Chou's mother has become even richer from her son's image. [Extracted from the article]

Star Plus Legend is closely intertwined with Chou, selling products that are promoted using his intellectual property, including Modong, one of China's top selling bulletproof coffee brands. Bulletproof Yeh started Star Plus Legend in 2017 with co-founders including Yang Chun-Jung, Chou's agent and partner of music label company JVR Music, according to the IPO prospectus. (Bloomberg) -- Taiwanese pop superstar Jay Chou's mother is about to become very rich from her son's image. [Extracted from the article]

(Bloomberg) -- Jack Ma's fortune is dwindling further as a planned repurchase of shares reveals a much reduced valuation for Ant Group Co., the payments business he co-founded. Once China's richest person, Ma could now be worth about $30 billion, less than half of his peak fortune prior to the derailing of the world's biggest initial public offering in 2020, according to Bloomberg's wealth index. [Extracted from the article]

Cool River Venture HK Ltd., incorporated last week, lists Zhang as its sole director, a filing from the Hong Kong Companies Registry shows. (Bloomberg) -- ByteDance Ltd. co-founder Zhang Yiming has set up an investment company in Hong Kong, indicating he's planning a new chapter after quitting his leadership roles at the social-media giant in 2021. [Extracted from the article]

Chen Hongtian, chairman of Hong Kong-based investment firm Cheung Kei Group, also had an apartment in the Frank Gehry-designed Opus building and the Cheung Kei Center in the city's Hung Hom area seized. (Bloomberg) -- A Chinese tycoon's $271 million mansion in the luxurious Peak neighborhood of Hong Kong was taken away by a bank, just years after the businessman made headlines with his record-breaking shopping spree. [Extracted from the article]

Evergrande missed several self-imposed deadlines to release debt proposals last year and as of several weeks ago had yet to reach an agreement with major creditors on a restructuring framework. (Bloomberg) -- The world's most indebted developer said it expects that a restructuring support agreement will be ready by the end of March, after it won preliminary support from a group of major creditors. [Extracted from the article]

Evergrande missed several self-imposed deadlines to release debt proposals last year and as of several weeks ago had yet to reach an agreement with major creditors on a restructuring framework. (Bloomberg) -- The world's most indebted developer said it expects that a restructuring support agreement will be ready by the end of March, after it won preliminary support from a group of major creditors. [Extracted from the article]

Citigroup Inc. said the absence of the executives could threaten the firm's governance and operations if prolonged, though it still recommended buying the shares, citing Yunnan Energy's "unrivaled" market leadership. Local ratings firm Shanghai Brilliance Credit Rating & Investors Service Co. said it would monitor the impact on the shares and convertible bonds, while Credit Suisse Group AG cut its stock rating to the equivalent of a sell. (Bloomberg) -- A police probe into the billionaire siblings behind a fast-growing Chinese battery company has put a fresh spotlight on governance risks in the country. [Extracted from the article]

Citigroup Inc. said the absence of the executives could threaten the firm's governance and operations if prolonged, though it still recommended buying the shares, citing Yunnan Energy's "unrivaled" market leadership. Local ratings firm Shanghai Brilliance Credit Rating & Investors Service Co. said it would monitor the impact on the shares and convertible bonds, while Credit Suisse Group AG cut its stock rating to the equivalent of a sell. [Extracted from the article]

Despite this week's rebound, the sector is still struggling, and Country Garden and its affiliate remain the biggest decliners this year on Hong Kong's benchmark Hang Seng Index with losses of more than 67%. (Bloomberg) -- Country Garden Holdings Co.'s chair is China's richest woman once again. [Extracted from the article]

Despite this week's rebound, the sector is still struggling, and Country Garden and its affiliate remain the biggest decliners this year on Hong Kong's benchmark Hang Seng Index with losses of more than 67%. (Bloomberg) -- Country Garden Holdings Co.'s chair is China's richest woman once again. [Extracted from the article]

Evergrande Tycoon's New Banker Is the "Queen of Shell Companies" Kingston also likely played a role in Hui's sale of a $344 million personal stake in Evergrande last week, according to local media and clearing system data compiled by Bloomberg. (Bloomberg) -- She's best known as the "Queen of shell companies", a financier who briefly became Hong Kong's richest woman by striking deals in some of the wildest corners of the city's stock market. [Extracted from the article]

With Evergrande bonds now trading near record lows, Poon's company and its affiliates are sitting on unrealized losses on disclosed holdings. Asia Orient Holdings Ltd., led by secretive tycoon Poon Jing, disclosed its position in a Hong Kong exchange filing this week showing it and group firms had spent at least $230 million on Evergrande debt over the past year. [Extracted from the article]

With Evergrande bonds now trading near record lows, Poon's company and its affiliates are sitting on unrealized losses on disclosed holdings. Asia Orient Holdings Ltd., led by secretive tycoon Poon Jing, disclosed its position in a Hong Kong exchange filing this week showing it and group firms had spent at least $230 million on Evergrande debt over the past year. [Extracted from the article]

(Bloomberg) -- In China's popular online-streaming industry, virtual gift-giving is big. In 2013, the duo transformed the Kuaishou app from a GIF-maker to the social-video platform it is today, initially gaining popularity with its videos of life in rural China. Kuaishou's debut could also be overshadowed by the potential IPO of its far larger rival, ByteDance, whose 600 million Douyin daily users are more than double Kuaishou's. [Extracted from the article]

(Bloomberg) -- In China's popular online-streaming industry, virtual gift-giving is big. In 2013, the duo transformed the Kuaishou app from a GIF-maker to the social-video platform it is today, initially gaining popularity with its videos of life in rural China. Kuaishou's debut could also be overshadowed by the potential IPO of its far larger rival, ByteDance, whose 600 million Douyin daily users are more than double Kuaishou's. [Extracted from the article]

(Bloomberg) -- In China's popular online-streaming industry, virtual gift-giving is big. In 2013, the duo transformed the Kuaishou app from a GIF-maker to the social-video platform it is today, initially gaining popularity with its videos of life in rural China. Kuaishou's debut could also be overshadowed by the potential IPO of its far larger rival, ByteDance, whose 600 million Douyin daily users are more than double Kuaishou's. [Extracted from the article]

Carson Block, the founder of Muddy Waters Capital LLC, has renewed his short-selling attack on Chinese after-school tutoring platform GSX Techedu Inc., which he called out as a fraud last month. Block mounted an attack on the Chinese firm in May, joining other short-sellers who were questioning its business model and calling its numbers too good to be true. [Extracted from the article]

Allmed shares have more than doubled this year, turning Cui into a billionaire. Allmed's surge was driven by a jump in domestic sales as Chinese consumers and hospitals snapped up the company's export-quality products. [Extracted from the article]

Allmed's surge was driven by a jump in domestic sales as Chinese consumers and hospitals snapped up the company's export-quality products. Shares of Guangzhou Wondfo Biotech Co., a developer of rapid-test kits and antibody tests, have gained more than 40% this year, making president Li Wenmei and his wife Wang Jihua a billionaire couple. [Extracted from the article]