Soho China Soars 21% As $4.3B Blackstone Purchase Signals Confidence In Country’s Real Estate

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China's GDP rose by 18% year-on-year in the first quarter of 2021.: Blackstone Group CEO Stephen Schwarzman's philanthropy includes a college in Beijing. Photographer: ... [+] Jason Alden/Bloomberg Shares in Soho China, one of China’s largest and best-known commercial real estate developers, soared by 21% at the Hong Kong Stock Exchange on Thursday after funds associated with Blackstone Group offered to acquire the company in a transaction worth $3 billion.

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