Pearl Liu

Hong Kong

Pearl Liu

Reporter, Business

Based in Hong Kong, Pearl covers the property market in the city and China and follows major listed developers. She previously worked at The Straits Times and has also contributed stories to China Daily.

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Latest from Pearl Liu

Sa Sa International to close up to 25 per cent of stores in 18 months as Hong Kong retail slump claims more casualties

Hong Kong's biggest cosmetics retailer plans to close up to a quarter of its stores in the city over the next 18 months, blaming the “unabated difficult” business environment for its latest struggle.

16 Jan 2020 - 10:50AM

Hong Kong's biggest cosmetics retailer plans to close up to a quarter of its stores in the city over the next 18 months, blaming the “unabated difficult” business environment for its latest struggle.

Sa Sa International to close up to 25 per cent of stores in 18 months as Hong Kong retail slump claims more casualties
Chow Tai Fook, Sa Sa to shut protest-hit stores in signs Hong Kong’s retail slump to persist in 2020

Chow Tai Fook and Sa Sa International are planning to shut about one-fifth of their stores in protest-hit Hong Kong to focus on growing their mainland China business. The pullback is a ‘damning verdict’ on retail sales outlook in the city.

15 Jan 2020 - 11:01PM

Chow Tai Fook and Sa Sa International are planning to shut about one-fifth of their stores in protest-hit Hong Kong to focus on growing their mainland China business. The pullback is a ‘damning verdict’ on retail sales outlook in the city.

Chow Tai Fook, Sa Sa to shut protest-hit stores in signs Hong Kong’s retail slump to persist in 2020
Sun Hung Kai Properties offers three parcels of land to help ease Hong Kong housing crisis amid social unrest

Sun Hung Kai Properties, Hong Kong’s biggest developer by market value, has offered to lend three parcels of land for the construction of 2,000 homes to help ease a housing crisis in the city.

10 Jan 2020 - 11:24PM

Sun Hung Kai Properties, Hong Kong’s biggest developer by market value, has offered to lend three parcels of land for the construction of 2,000 homes to help ease a housing crisis in the city.

Sun Hung Kai Properties offers three parcels of land to help ease Hong Kong housing crisis amid social unrest
China developers turn to old-charm lower-tier cities for cheaper land bank as prices in Beijing, Shenzhen soar

Skyrocketing land prices in Beijing and Shenzhen are forcing China’s biggest developers to scour for cheaper land bank in lower-tier cities in northern and central regions while authorities tighten financing to douse speculation and credit risks in the economy.

8 Jan 2020 - 10:14AM

Skyrocketing land prices in Beijing and Shenzhen are forcing China’s biggest developers to scour for cheaper land bank in lower-tier cities in northern and central regions while authorities tighten financing to douse speculation and credit risks in the economy.

China developers turn to old-charm lower-tier cities for cheaper land bank as prices in Beijing, Shenzhen soar
China Evergrande’s shares take a hit after building construction accident in Wuhan claims six lives

Evergrande, which is involved in a massive tourism project in Badeng New City in Wuhan, said it is cooperating with the authorities and will take measures to improve safety checks at the construction site.

8 Jan 2020 - 3:53PM

Evergrande, which is involved in a massive tourism project in Badeng New City in Wuhan, said it is cooperating with the authorities and will take measures to improve safety checks at the construction site.

China Evergrande’s shares take a hit after building construction accident in Wuhan claims six lives
Hong Kong’s first home sale of 2020 gets off to a strong start as buyers snap up SHK’s Wetland Seasons Park flats in Tin Shui Wai

A successful launch by SHK, fuelled by pent-up demand, could augur well for January’s property sales, agents said.

4 Jan 2020 - 10:26PM

A successful launch by SHK, fuelled by pent-up demand, could augur well for January’s property sales, agents said.

Hong Kong’s first home sale of 2020 gets off to a strong start as buyers snap up SHK’s Wetland Seasons Park flats in Tin Shui Wai
Tiffany, Mercedes are among luxury brands adding restaurants to their stores in China

Vendors selling everything from high-end jewellery to expensive cars have been adding restaurants to their shops in the hopes of attracting social-media savvy younger customers

30 Dec 2019 - 10:49PM

Vendors selling everything from high-end jewellery to expensive cars have been adding restaurants to their shops in the hopes of attracting social-media savvy younger customers

Tiffany, Mercedes are among luxury brands adding restaurants to their stores in China
Hong Kong’s retail landlords bet on Christmas cheer in their Shanghai malls as protests crush festive spirit at home

Amid muted celebrations and moribund sales at home, many retail landlords have spent big this year on festivities at their malls in Shanghai in an effort to lure shoppers and keep revenue up

25 Dec 2019 - 12:00PM

Amid muted celebrations and moribund sales at home, many retail landlords have spent big this year on festivities at their malls in Shanghai in an effort to lure shoppers and keep revenue up

Hong Kong’s retail landlords bet on Christmas cheer in their Shanghai malls as protests crush festive spirit at home
Hong Kong loses to another Chinese port city as container volume grows in busier northern rivals

China’s northern city of Qingdao has surpassed Hong Kong on the list of world’s busiest ports, based on the volume of containers handled this year, as the local economy struggles with falling trade amid a recession.

24 Dec 2019 - 10:33PM

China’s northern city of Qingdao has surpassed Hong Kong on the list of world’s busiest ports, based on the volume of containers handled this year, as the local economy struggles with falling trade amid a recession.

Hong Kong loses to another Chinese port city as container volume grows in busier northern rivals
Chinese electric car battery makers out to show the world they have power and quality to go the distance

Industry observers say Chinese EV battery makers have been striving to improve their technology by tying up with foreign companies, investing in R&D and hiring the best overseas talent to match their overseas competitors.

6 Jan 2020 - 11:48AM

Industry observers say Chinese EV battery makers have been striving to improve their technology by tying up with foreign companies, investing in R&D and hiring the best overseas talent to match their overseas competitors.

Chinese electric car battery makers out to show the world they have power and quality to go the distance
Home sales banned at Shenzhen housing estate after residents’ WeChat group urged owners to push up their prices

A group calling itself the ‘homeowners’ committee’ of the estate in Baoan urged residents selling their flats to raise the price to at least 55,000 yuan per sq m, an average increase of 15 per cent

20 Dec 2019 - 10:22AM

A group calling itself the ‘homeowners’ committee’ of the estate in Baoan urged residents selling their flats to raise the price to at least 55,000 yuan per sq m, an average increase of 15 per cent

Home sales banned at Shenzhen housing estate after residents’ WeChat group urged owners to push up their prices
Sale of Toulouse-Blagnac Airport by China’s Casil Europe is in final stage of negotiations, bringing to an end a tumultuous investment

Casil Europe paid €308 million (US$344 million) in 2015 for the biggest single stake in Toulouse-Blagnac, France’s fifth biggest airport

18 Dec 2019 - 3:26AM

Casil Europe paid €308 million (US$344 million) in 2015 for the biggest single stake in Toulouse-Blagnac, France’s fifth biggest airport

Sale of Toulouse-Blagnac Airport by China’s Casil Europe is in final stage of negotiations, bringing to an end a tumultuous investment
Shanghai has a long way to go before it can claim to be a global financial centre, says European business group

Only removal of capital controls and renminbi convertibility can help Shanghai claim title of international financial centre, says Thilo L. Zimmermann of European Union Chamber of Commerce in China.

13 Dec 2019 - 9:24PM

Only removal of capital controls and renminbi convertibility can help Shanghai claim title of international financial centre, says Thilo L. Zimmermann of European Union Chamber of Commerce in China.

Shanghai has a long way to go before it can claim to be a global financial centre, says European business group
Fans snap up Hasbro’s special edition toy marking release of trailer for Nezha: Transformers animation series

Characters from the Transformers series will join Nezha, a mythical teen warrior, in the new cartoon, a tie-up between US toymaker Hasbro and CCTV, the Chinese state broadcaster

12 Dec 2019 - 2:32PM

Characters from the Transformers series will join Nezha, a mythical teen warrior, in the new cartoon, a tie-up between US toymaker Hasbro and CCTV, the Chinese state broadcaster

Fans snap up Hasbro’s special edition toy marking release of trailer for Nezha: Transformers animation series
Chinese corporate bond defaults to surge to a record high in 2020 as government rescue is no longer guaranteed, says Fitch

The number of new onshore issuers who fail to repay debt could rise to up to 60 next year from 51 in the first 11 months this year, according to Fitch.

11 Dec 2019 - 6:00AM

The number of new onshore issuers who fail to repay debt could rise to up to 60 next year from 51 in the first 11 months this year, according to Fitch.

Chinese corporate bond defaults to surge to a record high in 2020 as government rescue is no longer guaranteed, says Fitch
China’s skyscraper developers have to pay for their vanity as the frenzy to scale new heights lead to record-breaking vacancies

China’s skyscrapers are making headlines for snaring global awards during the nation’s great economic boom. As growth cools and vacancy rate soars, building owners are starting to pay the price for the building frenzy and vanity.

10 Dec 2019 - 7:51PM

China’s skyscrapers are making headlines for snaring global awards during the nation’s great economic boom. As growth cools and vacancy rate soars, building owners are starting to pay the price for the building frenzy and vanity.

China’s skyscraper developers have to pay for their vanity as the frenzy to scale new heights lead to record-breaking vacancies
Chinese consumers spend more on essentials like oyster sauce but cut down on wine as they tighten spending amid slowing economy

Average price of fast-moving consumer goods in the first nine months of this year on the mainland increased 3.7 per cent, much slower than the 4.6 per cent a year earlier, according to China Shopper Reporter 2019.

6 Dec 2019 - 6:41PM

Average price of fast-moving consumer goods in the first nine months of this year on the mainland increased 3.7 per cent, much slower than the 4.6 per cent a year earlier, according to China Shopper Reporter 2019.

Chinese consumers spend more on essentials like oyster sauce but cut down on wine as they tighten spending amid slowing economy
Big plans for Yangtze River Delta as China takes on the wealth gap and pollution

Yangtze blueprint to integrate Shanghai and the three neighbouring provinces of Jiangsu, Zhejiang and Anhui, but little word on how it will be achieved.

3 Dec 2019 - 1:33AM

Yangtze blueprint to integrate Shanghai and the three neighbouring provinces of Jiangsu, Zhejiang and Anhui, but little word on how it will be achieved.

Big plans for Yangtze River Delta as China takes on the wealth gap and pollution
Morgan Stanley boosts price targets for Alibaba, Baidu and e-commerce upstarts as bank says China internet sector ‘attractive’

Morgan Stanley has raised the price targets of Alibaba, Baidu, Pinduoduo and Meituan Dianping as the US investment bank upgraded China’s internet sector to “attractive” level in a research note published on Monday.

2 Dec 2019 - 10:50PM

Morgan Stanley has raised the price targets of Alibaba, Baidu, Pinduoduo and Meituan Dianping as the US investment bank upgraded China’s internet sector to “attractive” level in a research note published on Monday.

Morgan Stanley boosts price targets for Alibaba, Baidu and e-commerce upstarts as bank says China internet sector ‘attractive’
Chinese co-working operator Kr Space gives up Times Square facility, retreats from Hong Kong

Beijing-based Kr Space confirms that it was handing over the space back to Wharf Real Estate Investment Company and was in talks with the landlord on compensation for breaking the lease.

29 Nov 2019 - 10:30PM

Beijing-based Kr Space confirms that it was handing over the space back to Wharf Real Estate Investment Company and was in talks with the landlord on compensation for breaking the lease.

Chinese co-working operator Kr Space gives up Times Square facility, retreats from Hong Kong
Future Land, whose chairman Wang Zhenhua was charged with child sex abuse, rolls out new strategy to boost shopping mall business

Future Land is wrestling with the fallout from the arrest of former chairman Wang Zhenhua, who was detained by police on suspicion of child sexual abuse on July 3, wiping US$7 billion off its market value

27 Nov 2019 - 10:54PM

Future Land is wrestling with the fallout from the arrest of former chairman Wang Zhenhua, who was detained by police on suspicion of child sexual abuse on July 3, wiping US$7 billion off its market value

Future Land, whose chairman Wang Zhenhua was charged with child sex abuse, rolls out new strategy to boost shopping mall business
Small subdivided flats in Shanghai’s European heritage homes a hit among young homebuyers looking for central location

Young homebuyers in Shanghai are choosing subdivided flats in European heritage houses in the city’s former international settlement districts over newer developments, according to market observers.

27 Nov 2019 - 7:00AM

Young homebuyers in Shanghai are choosing subdivided flats in European heritage houses in the city’s former international settlement districts over newer developments, according to market observers.

Small subdivided flats in Shanghai’s European heritage homes a hit among young homebuyers looking for central location
Hong Kong’s biggest land auction attracts three bids as Kowloon site near protest flashpoint loses value

Hong Kong’s biggest land auction, involving a site that became the latest flashpoint in more than five months of anti-government protests, has attracted three bids from among the city’s richest developers.

22 Nov 2019 - 11:11PM

Hong Kong’s biggest land auction, involving a site that became the latest flashpoint in more than five months of anti-government protests, has attracted three bids from among the city’s richest developers.

Hong Kong’s biggest land auction attracts three bids as Kowloon site near protest flashpoint loses value
Beyonce’s favourite fried chicken is coming to China, with first Popeyes store to open in March

Restaurant Brands International is planning to open the first of its Popeyes fast-food restaurants in China in the first quarter of next year, in an expansion drive to catch up with rivals with decades of head start in the world’s most populous nation.

21 Nov 2019 - 11:24AM

Restaurant Brands International is planning to open the first of its Popeyes fast-food restaurants in China in the first quarter of next year, in an expansion drive to catch up with rivals with decades of head start in the world’s most populous nation.

Beyonce’s favourite fried chicken is coming to China, with first Popeyes store to open in March
Foreign firms from Michelin to Burger King shrug off trade war to bet on China as reduced red tape boosts FDI

Foreign direct investment jumps 6.6 per cent to US$107.1 billion in the first 10 months of this year, according to Ministry of Commerce.

20 Nov 2019 - 11:12PM

Foreign direct investment jumps 6.6 per cent to US$107.1 billion in the first 10 months of this year, according to Ministry of Commerce.

Foreign firms from Michelin to Burger King shrug off trade war to bet on China as reduced red tape boosts FDI
Shui On Land raises stake in Shanghai growth prospects after winning two prime sites in state auctions

Shui On Land is planning to take on more urban redevelopment projects in Shanghai after winning two prime sites at land auctions in the past three weeks, making the city its next source of earnings growth.

20 Nov 2019 - 7:00AM

Shui On Land is planning to take on more urban redevelopment projects in Shanghai after winning two prime sites at land auctions in the past three weeks, making the city its next source of earnings growth.

Shui On Land raises stake in Shanghai growth prospects after winning two prime sites in state auctions
A rundown Beijing home with standing-room only space sells for record, in a sign of desperation for hukou in the Chinese capital

The auction result offers a peek into the growing speculative bubble in Beijing’s property market, a development that has defied more than two years of policymakers’ attempts to control.

16 Nov 2019 - 12:30PM

The auction result offers a peek into the growing speculative bubble in Beijing’s property market, a development that has defied more than two years of policymakers’ attempts to control.

A rundown Beijing home with standing-room only space sells for record, in a sign of desperation for hukou in the Chinese capital
China’s bricks-and-mortar stores stress the shopping experience, rev up with technology to survive the onslaught of online shopping

Innovative twists to the shopping experience, augmented by cutting-edge technology and big data analysis, are transforming the traditional retail space into what some consultants call “experiential” shopping.

16 Nov 2019 - 10:35AM

Innovative twists to the shopping experience, augmented by cutting-edge technology and big data analysis, are transforming the traditional retail space into what some consultants call “experiential” shopping.

China’s bricks-and-mortar stores stress the shopping experience, rev up with technology to survive the onslaught of online shopping
Tesla’s Chinese challenger Evergrande slams brakes on electric car investments amid slowing sales

Billionaire Hui Ka-yan, Evergrande’s chairman, says that investments into electric cars will be reduced from 20 billion yuan this year to 10 billion yuan in 2021.

15 Nov 2019 - 10:24PM

Billionaire Hui Ka-yan, Evergrande’s chairman, says that investments into electric cars will be reduced from 20 billion yuan this year to 10 billion yuan in 2021.

Tesla’s Chinese challenger Evergrande slams brakes on electric car investments amid slowing sales
Taylor Swift brings new hits to China in curtain-raiser showpiece to Alibaba’s Singles’ Day shopping gala

Taylor Swift sang three hit songs from her latest album “Lover” to screaming fans in China, delivering the headline act in the countdown to this year’s Singles’ Day shopping extravaganza.

11 Nov 2019 - 5:26PM

Taylor Swift sang three hit songs from her latest album “Lover” to screaming fans in China, delivering the headline act in the countdown to this year’s Singles’ Day shopping extravaganza.

Taylor Swift brings new hits to China in curtain-raiser showpiece to Alibaba’s Singles’ Day shopping gala