Shenzhen-listed real estate company Suning Universal set a land price record in Shanghai when it outbid nine other competitors from home and abroad by paying US$582 million (RMB4.4 billion) for a 13,709-square-meter plot situated on Nanjing Road East in downtown Huangpu district, the Shanghai Financial News reported. Suning Universal paid US$8,862 (RMB67,000) per square meter for the site, nearly doubling market estimates of US$3,968 (RMB30,000). The starting price ...