A report on Bloomberg today announced that Wal-Mart is the latest retailer to take steps toward developing its own sites in China. This news follows moves in recent months by TESCO, IKEA and other retailers to develop shopping malls and… Read More>>
An HSBC Specialist Investments-managed fund has teamed up with Tesco and the Singapore-listed Metro Holdings to buy three shopping malls in China for $280m.
The second joint-venture investment between the HSBC NF China Real Estate Fund, Metro and Tesco, has… Read More>>
Treasury Holdings today announced that a 10 year lease pre-commitment for 3,768 square metres of retail space has been secured from global retail chain Marks & Spencer as an anchor tenant of its City Center property in Shanghai.
Marks &… Read More>>
Treasury Holdings Real Estate Pte Ltd, Trustee Manager of Treasury China Trust (“TCT”) and one of China’s leading commercial property players, today announced that it has entered into a binding contract to acquire 100% of the Huai Hai Mall in… Read More>>
According to a report in the Oriental Morning Post, Best Buy will close its own-branded shops in China, effective February 22nd.
As reported here earlier this month, the US retail electronics giant has been struggling to compete in the Chinese… Read More>>
Apple continued its rapid expansion into China’s retail sector by announcing last week the opening of its third outlet in Shanghai.
In a statement from Ron Johnson, the company’s senior vice president of retail operations that was reported in the… Read More>>
Two stories published this week about Best Buy’s operations in China paint disparate pictures of the company’s future in the market. The US electronics retail giant opened its first store in China in 2006, but apparently has fallen well short… Read More>>
Taiwanese retailer BuyNow announced their latest expansion into China on January 31st with news of purchase of a site in Suzhou, as well as acquistion of existing retail facility in Huizhou, Guangdong.
Buynow’s parent, Taiwanese computer maker Clevo purchased the… Read More>>