CapitaLand Mall Trust (CMT) has sold the Sembawang Shopping Centre for S$248 million ($189 million), generating a net gain for the Singapore-listed real estate trust of S$119.6 million ($91 million), according to a statement to the stock exchange on Thursday.
China’s second-ranking e-commerce company continues to expand its online empire into the offline world as JD.com’s founder and chief executive vowed late last week to open 1,000 stores every day this year.
“As of last month, JD.com opened 1,000 convenience… Read More>>
Alibaba Group has closed on its acquisition of a RMB 4.68 billion ($744 million) stake in Wanda Film to become the film company’s second largest shareholder, following through on an agreement signed in early February. The move came just days… Read More>>
Mainland ecommerce giant Alibaba revealed late last week that it has signed a cooperation agreement with five of China’s top 10 property developers to expand its Hema smart supermarket chain on the mainland.
The agreement between the Alibaba online to… Read More>>
Chinese e-commerce giant JD.com continues to expand its brick-and-mortar empire, building on its existing ventures in physical supermarkets and convenience stores by taking a cornerstone stake in the IPO of one of the mainland’s largest outlet mall chains.
JD.com is… Read More>>
China’s second-ranking e-commerce platform, JD.com, is now the country’s number one couch potato enabler, serving up fast food, Oreos and stinky tofu straight from the nearest FamilyMart convenience store to the comfort of every Internet user’s living room.
Under the… Read More>>
After opening its HKRI Taikoo Hui mall at 90 percent occupancy in November, Swire Properties is set to develop its second retail project in Shanghai. The latest venture for the Hong Kong-based builder is in Pudong’s Qiantan Area, an international… Read More>>
A real estate investment fund managed by Andrew Moore’s Pamfleet is putting up for tender a retail center in Kowloon’s Lai Chi Kok with an asking price of HK$1 billion ($128 million). The tender follows the company’s $217 million sale… Read More>>
Singapore’s sovereign wealth fund GIC has teamed up with homebuilder China Vanke to win a plot of land in Shanghai for RMB 702 million ($111 million), which the partners plan to develop into a high-end shopping centre.
GIC subsidiary RECO… Read More>>
Italian lingerie brand La Perla is poised to lose its flagship store in Hong Kong’s prime Causeway Bay shopping district, after allegedly defaulting on HK$9.21 million ($1.18 million) in rent.
After the high-end bra brand threw a star-studded party to… Read More>>