Forbes real‑time billionaire list shows SoftBank founder and CEO Masayoshi Son’s net worth dropped 13% in one day, falling $13.2 billion to $87.1 billion and slipping behind Mukesh Ambani and Gautam Adani. SoftBank Group shares have tumbled more than 17% over the past three trading days to ¥7,414, leaving a market capitalisation near ¥42.35 trillion; storage firm Kioxia has overtaken SoftBank, costing it the title of Japan’s largest market cap company.

Beike Research Institute data show Hangzhou has recorded three consecutive months of online contract signings above 9,000; May signings were 9,087, up 17.8% YoY and the strongest May in six years. Beike says the market remains in a price-for-volume phase with rigid demand dominant: in May units priced at ≤ CNY2m accounted for 56% of transactions and 60–90 sqm units made up 39.1%. Beike attributes the pickup to a more favourable policy backdrop drawing new residents and migrants and to limited supply of low-total-price quality new-builds, leaving resale stock to absorb much of the rigid demand. New resale listings fell 6% MoM and 19% YoY in May, but total listed resale inventory remains elevated at 189,000 units.

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