This week on the Caixin-Sinica Business Brief: China’s property sales remain sluggish despite government efforts, Tencent wins new game license after 17-month drought, and Alibaba posts surprise loss amid crisis in consumer confidence

In addition, Caixin Global finance reporter Yukun Zhang talks about the downfall of Tian Huiyu, the once high-0flying banker and former president of China Merchants Bank who has been investigated for corruption charges and expelled from the Communist Party.