Impressive construction site in Tianjin, northern China
Impressive construction site in Tianjin, northern China

The recovery of the housing sector is still ongoing in China but at a slower pace in June, with fewer cities showing an increase in new home prices compared with the previous month, according to figures released on Monday by the National Bureau of Statistics.

Out of the 70 medium and large cities, 55 recorded a rise in new home prices last month, compare to 60 in May, said the NBS. In addition, 10 cities showed a decline in prices, against 4 in May.

New home prices surged 48.4% year on year in the southern city of Shenzhen last month, the most significant increase among all major cities but lower than the 54% rise recorded in May. Shanghai, Beijing and Guangzhou home prices are respectively up 33.8%, 22.4% and 19.5% year on year. Jinzhou, a second-tier city located in northeastern China, experienced the largest decrease year on year with 3.5%.

Regarding the existing homes, prices rose in 48 cities fell in 14 cities in June compare to the previous month, against 49 and 13 in May.

After over a year of price cooling, the Chinese real estate market began to recover in the second half of 2015, thanks to government support measures, including a decrease in the interest rate and the deposit.

However, cities are not equal before the recovery: in developed regions, the rise in prices was very noticeable while a considerable amount of properties are still unsold in less developed areas. This contrast has prompted local authorities to use different methods: Shenzhen and Shanghai have stepped up measures to curb speculation and contain the risks of bubbles, while smaller cities are exploring new ways to boost house sales.

A super luxury hotel opened its door last week on the Bund, the renowned European-style waterfront in Shanghai. Wanda Reign is the first seven stars hotel to open in China and one of the few of its kind in the world.

Wanda Reign bar offering a great view on Shanghai financial center Lujiazui
Wanda Reign lounge bar offers a great view on Shanghai financial center Lujiazui

The owner is none other than Wang Sicong, son of the real estate tycoon and China’s wealthiest man Wang Jianlin, founder of Dalian Wanda Group, the biggest real estate company in China.

The hotel looks like an art and antique museum due to the numerous unique pieces created by contemporary Chinese artists. The staff outfits have been designed by Laurence Xu, the first Chinese designer to integrate Paris Fashion Week.

Each of the 193 rooms features an iPad, and the decoration is very much inspired by an Art Deco aesthetic offering a choice of two styles: modern glamour beige and dark mahogany brown with Magnolia patterns. Besides, bathrooms come with Hermes and L’Occitane items.

For the wealthiest, we recommend the 288sqm Chairman suite which comprises a lounge, a dining room, a cellar, a bar, an office, a huge bedroom, a sauna and a Jacuzzi.

To top it all, the rooftop terrace features a restaurant led by the French chef Marc Meneau. For those seeking more local flavours, Wanda Reign also boasts a traditional Chinese and a Japanese restaurants.

To celebrate the launch of the hotel, some rooms are currently available at $453 per night.

wanda-reign-hotel-shanghai

Chinese Company Unveils World’s First Passenger Drone
Chinese Company Unveils World’s First Passenger Drone

In 2015, Dajiang Innovation owned about seventy percent of the consumer market for drones. The seventy percent share of the market has however been dwindling as time passes by with many startups trying to challenge Dajiang’s dominance.

A Low Cost Strategy

The startups strategy has been to release low-cost products to try to swivel the market their way. Despite their relentless efforts, experts have predicted that the startups will never have the capability of gaining a significant share of the market.

Zero Zero Robotics, one of the many startups clogging the market, is in the process of making a model of a drone that will be different from DJI’s four propeller drones. The company hails from Beijing and has a funding of approximately twenty-five million dollars. Zero Zero Robotics also released a Hover Camera in the recent past whose price prediction was below six hundred dollars. Weighing at about half a pound, the drone can fit in a trouser pocket. More on drones pour les débutants!

Many replicas and Mini Drones Hitting the Market

 

the phantom 3 version pro from DJI
The phantom 3 version pro from DJI

This drone is an addition to many other low-cost drones from other startups like Xiro and Ehang in the Chinese market. The three companies are not the least of Daijang’s worries as Xiaomi has filed twenty drone technology patents to date and plans to release a drone model this current year. The model is rumoured to retail at two hundred dollars upon its release to the market. DJI’s most affordable product retails at 499 dollars. The 200-dollar model will cause a stir in the market.

Chip Manufacturing Companies

Chip manufacturing companies have turned their attention to the lucrative drone market in China and are combining with the start-ups to come up with more advanced drones. The latest DJI’s Phantom model that boasts of having the ability to navigate around obstacles in flight paths will face stiff competition from the Xero Ying’s model and Hover camera that are using chips that allow them to have the same feature.

The chip manufacturing companies are a huge force not to be ignored.
The increased competition for the drone market has forced DJI to delve into commercial models. The IDC estimates that the commercial models market will get to thirty percent by the year 2019. Expectations are that in future, the media, real estate, law enforcement and mapping companies will provide a market for the drones.

Innovation Will Prevail

With an aim to be above the rest in the commercial market, Ehang launched a drone-powered by electricity and had the ability to carry a human being for short flights. The product is still a work in progress, and the company is working hard to turn it into a finished product.

Despite the increased competition, the Chinese drone market is expected to boom in 2017. With the coming up of many drone manufacturing companies and improved technology, it is anticipated that the prices will drop consequently attracting low-end consumers. The increased technology will enable the drones to handle more functions and consequently attract consumers from all sectors of the economy.

incredible aerial shots from Reunion Island
Incredible aerial shots from Reunion Island

Despite the clogging, the Chinese drone market will continue to increase. Drone technology is still at an infant stage and with its growth will come more selling opportunities. As of now, Daijang will continue holding the bigger share of the market until the day that the startups will have a solid foundation to keep with the increasingly complex business.
Visit https://www.amateursdedrones.fr/achat-drone/ for the latest drone and quadcopter news on the French market!

Didi Chuxing raised $7.3 billion in last funding round

The Chinese taxicab company Didi Chuxing Technology raised $7.3 billion last week in its latest investment round, said the firm in an official announcement.

Didi Chuxing, the direct competitor of the American company Uber in the Chinese market, raised $4.5 billion from investors including Apple for $1 billion and China Life Insurance. Tencent and Alibaba also took part in the funding of the Chinese firm now valued at $28 billion, according to Bloomberg.

Beside, Didi Chuxing sealed a deal with China Merchant Bank to obtain a syndicated loan of up to $2.5 billion.

According to Cheng Wei, co-founder and CEO of Didi Chuxing, efforts will focus on R&D, Big data and user experience.

The Beijing-based company is aiming to go public next year in New York stock exchange, said Bloomberg.

Brexit to increase foreign real estate investment in UK

On Thursday 23 June, many Britons voted for Brexit to protect their economy from non-British investors. The fall of the pound following the referendum, however, appears as a great opportunity for many foreign investors.

The decision of the British to leave the EU last week has triggered a political and financial earthquake with the resignation of Prime Minister David Cameron and the collapse of the stock market after the pound sterling lost 8.8% against the US dollar.

Many analysts predict a decline in property prices while potential buyers postpone transactions due to the general uncertainty of stock market. For foreign investors, however, it seems to be the right time to find some great deals.

“Anyone who does not use the pound will see an opportunity” said N. Brooke, chairman of Professional Property Services, a consulting firm specialized I real estate investment based in Shanghai.

asian property buyer

Interest from China, Hong Kong and Singapore

Former President of the Royal Institution of Chartered Surveyors, a British organization that promotes the real estate industry, Brooke said that some of its wealthy customers from Hong Kong and China are already seeking new investment opportunities in the UK.

For international real estate company Knight Frank, even if it is too early to assess the impact of the British referendum, the drop of the pound will definitely lead to a significant gain in purchasing power of foreign investors.

People from China, Hong Kong and Singapore already have a solid experience in real estate investments in UK, particularly in London. The Chinese international property portal Juwai.com expects a 30% increase in queries for properties in UK in June compared to May.

Property prices in London are among the highest in the world. With the referendum, the residential market should fall by 5% across the UK, and even in London, according to KPMG consulting group.

Retail: China’s Suning to Expand, America’s Best Buy to Slow Down

China is now the world’s largest market for electronics with 1.29 billion phone users and 200 million computer users in 2016. As a consequence, domestic and foreign electronics retailers such as Suning and Best buy are focusing their effort in expanding their network in key locations to gain market shares.

Suning Appliance Co, the Nanjing-based retailer, said in a statement that it had raised CNY2.43 billion (US$350 million) by issuing 54 million shares to six institutions for outlet expansion. With this money, Suning will open 250 outlets nationwide in China, set up a logistics center in Shenyang of Liaoning Province and buy facilities for two flagship stores in Shanghai and Wuhan.

According to Suning, new outlets are expected to generate CNY18.63 billion in revenue annually. It has started construction work of five logistics centers and is choosing locations for the other four more. Currently, the company runs large logistics hubs in Beijing, Hangzhou and Nanjing.

American consumer electronics retailer Best Buy released a statement recently announcing best buy china that it would cut back spending by about 50 percent in 2015, including a “substantial reduction in new store openings in China, the United States and Canada.” Thus it is expected that Best Buy’s expansion plan in China would be slowed down.

On the other hand, according to the president of Best Buy Asia, the company is not gearing down its expansion but rather planning to increase its store number in the next six year.

Best Buy entered Chinese market by opening its first store in China in 2006 and started to expand in this October. Four stores and one store have been opened in Shanghai and Beijing, respectively.

Gome Electrical Appliance Holdings Ltd, China’s biggest electrical retailer, has spent CNY541 million (USD75 million) for a 10.7% stake in Sanlian Commerce Co Ltd, a major appliance retailer in the province, becoming new owner of Sanlian.

After Sanlian Commerce originally sold the stake to Shandong Longjidao Construction Co at an auction on February 2016, Gome then acquired all of Longjidao several days later to become the real owner of the Sanlian stake.

With the acquisition, Gome could enhance its sales in Shandong while Sanlian could share Gome’s market resources with independent operation. According to a statement, Gome won’t open franchise stores in the province to avoid competition with Sanlian.