Daily Briefing: London property market woos rich Singaporeans; Alibaba's US$2b investment slashes Temasek stake in Lazada

And here's why 2 in 3 firms ignore their candidates' feedback after an interview.

From iCompareLoan via Yahoo! Finance:

Singapore is amongst the top 10 owners of the 97,000 properties in England and Wales owned by overseas firms, data from the United Kingdom’s Land Registry revealed.

"This release of data in November last year follows the UK government’s commitment to fix a housing market they described as 'broken,' a commitment which includes their aim to improve the availability of data to make it easier to identify those with interest in land. The Land Registry echoed this and explained that the change is 'to promote economic development, financial stability, tax collection, law enforcement and national security.'"

Read more here.

From Human Resources Online:

Two-thirds (66%) of Singaporean firms do not ask for candidate feedback after an interview, Aon’s Talent Acquisition Southeast Asia Study 2017 revealed.

"According to the Aon study, this may be attributed to the fact that only 58% of organisations in Singapore have dedicated talent acquisition teams, compared to 70% across Southeast Asia. In fact, companies in Singapore with fewer than 500 employees also have small HR/admin teams (no more than 4 people) and tend to outsource their recruitment process."

Read more here.

From Deal Street Asia:

Alibaba Group Holding Ltd. invested US$2b in Singapore-based e-commerce platform Lazada and installed one of its most senior executives to run the business. The platform's minority shareholders, including Lazada's management and Temasek Holdings, have not exited the venture, but have got significantly diluted, an executive told Deal Street Asia.

"The latest move brings the Chinese giant’s investment in Lazada to $4b. Alibaba had made an initial $1b investment in April 2016. It then announced another $1b in funding in June last year to raise its stake to 83% from 51% earlier. Lazada’s minority shareholders – including the e-commerce firm’s management and Singapore’s Temasek Holdings Pte that jointly held a 17% equity stake prior to this financing round – have not exited the venture, but have got significantly diluted, an executive aware of the development told this portal. Put simply, the latest $2b funding investment and Alibaba’s stake in Lazada well above the 83% mark."

Read more here.