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Sales from the Chinese e-commerce &rsquo s one-day event has nearly doubled those from Black Friday and Cyber Monday in the US combined
TRADING BELOW NAV OF 93 CENTS
BACK BY STRONG DIVIDEND YIELD OF 7.6%
THE REIT ' s GEARING IS LOW AT 29% ONLY ( COMPARED TO ALL OTHER REITS AT AROUND 36% to 40+% )
BACK BY STRONG DIVIDEND YIELD OF 7.6%
THE REIT ' s GEARING IS LOW AT 29% ONLY ( COMPARED TO ALL OTHER REITS AT AROUND 36% to 40+% )
RECORD US$25.3 BILLION SPENT on 11/11/2017 IN CHINA
China &rsquo s 24-hour orgy of online shopping has ended on a climactic high. Singles Day shoppers spent a record US$25.3 billion, eclipsing last year&rsquo s US$17.7 billion tally.
The figure is for Alibaba &rsquo s two marketplaces, which dominate China&rsquo s booming ecommerce industry. JD, Alibaba &rsquo s closest rival, saw US$19.1 billion spent during its sales event, which ran from November 1 to 11, up 50 percent from last year&rsquo s.
A record high 90 percent of spending was done on phones and tablets, said an Alibaba spokesperson. Last year it was 82 percent, and 69 percent in 2015 China &rsquo s online shoppers are set to spend around US$1.2 trillion during the course of this year, up from 2016 &rsquo s US$911 billion, according to data from Emarketer
China &rsquo s 24-hour orgy of online shopping has ended on a climactic high. Singles Day shoppers spent a record US$25.3 billion, eclipsing last year&rsquo s US$17.7 billion tally.
The figure is for Alibaba &rsquo s two marketplaces, which dominate China&rsquo s booming ecommerce industry. JD, Alibaba &rsquo s closest rival, saw US$19.1 billion spent during its sales event, which ran from November 1 to 11, up 50 percent from last year&rsquo s.
A record high 90 percent of spending was done on phones and tablets, said an Alibaba spokesperson. Last year it was 82 percent, and 69 percent in 2015 China &rsquo s online shoppers are set to spend around US$1.2 trillion during the course of this year, up from 2016 &rsquo s US$911 billion, according to data from Emarketer
EC World REIT is a Singapore REIT established with the investment strategy of investing principally, directly or indirectly, in a diversified portfolio of income-producing real estate which is used primarily for e-commerce, supply-chain management and logistics purposes, as well as real estate-related assets, with an initial geographical focus on the PRC.
The IPO Portfolio will comprise six properties located in Hangzhou, the PRC, with an aggregate NLA of 698,478 sq m as at 31 December 2015 and a total appraised value of approximately RMB 6,357 million equivalent to approximately S$ 1,303 million as at 31 December 2015