Chinese real estate services company, E-House (China) Enterprise Holdings Ltd has been downgraded to B from B+ by S&P over tough operating conditions and tightening liquidity. S&P concurrently cut its long-term rating on its dollar bonds to B from B+. The...
Alibaba Group Holding is set to increase its stake in E-House to 22.6% from 8.3% through a HKD 2.4bn ($309mn) deal as it looks at expanding its online real estate sales platform into one of the country’s largest property agencies. With the deal, Alibaba will...
