|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||1.1700 - 1.1700|
|52 Week Range||1.1300 - 1.4900|
|Beta (5Y Monthly)||1.00|
|PE Ratio (TTM)||4.78|
|Forward Dividend & Yield||0.08 (6.70%)|
|Ex-Dividend Date||Jun 03, 2021|
|1y Target Est||N/A|
On March 25, Country Garden Holdings Company Limited ("Country Garden") (02007.HK) released its financial results for 2020. Despite the adverse impact of the COVID-19 epidemic, the company expressed much satisfaction with the results achieved as a result of a well-balanced portfolio and sound capital management.
Leading UK-based brand valuation consultancy Brand Finance recently released the Global 500 2021 list, with Chinese property developer Country Garden (stock code: 2007.HK) ranking 87th, having moved up the list for each of the last five years since making its first appearance in 2017. This is the first time the firm has entered the top 100 of the coveted roster.
(Bloomberg) -- Didi Chuxing Technology Co. is close to finalizing a $1.5 billion round of funding for its on-demand trucking unit from investors including Temasek Holdings Pte, surpassing its fundraising target as investors count on a Chinese economic recovery to fuel shipping.Jack Ma’s Yunfeng Capital and IDG Capital will join the financing for Didi Freight, an Uber-like trucking service, a person with knowledge of the matter said. Other investors in the unit’s debut round include the investment arm of real estate giant Country Garden Holdings Co., a unit of CITIC and Hidden Hill Capital, the person said, asking not to be identified discussing a private deal. The total amount exceeded its target of about $400 million by several-fold.China’s economy roared back to pre-pandemic growth rates in the fourth quarter after its industrial engines fired up to meet surging demand for exports. That boom is straining a domestic logistics network already taxed by a post-Covid 19 resurgence in e-commerce. Startups like Full Truck Alliance -- backed by SoftBank Group Corp. -- and tech giants such as Alibaba Group Holding Ltd. are now introducing technology to try and streamline the shipping process, connecting merchants with truckers and delivery firms.Read more: Didi’s Logistics Arm Was Said to Seek $400 Million in Debut FundingDidi first launched its on-demand logistics service in Chengdu and Hangzhou in June and has since expanded to eight cities, handling more than 100,000 orders daily on average. Backed by Tencent Holdings Ltd. and SoftBank, the Chinese startup is taking on larger rivals including Full Truck Alliance -- known by its Chinese name Manbang -- and Huolala in an already crowded market. Huolala raised $515 million from investors including Sequoia and Hillhouse. Full Truck Alliance raised $1.7 billion from investors including SoftBank and Tencent about a month before that.Didi Freight represents one of the key growth initiatives for a ride-hailing giant seeking to diversify from its traditional business. Didi is also ramping up its autonomous driving unit as well as robo-taxi service. A company representative had no immediate comment on the latest fundraising in an email.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.