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Liu Qiangdong jd.com

JD.com Pledges to Open 1000 High Tech Supermarkets Within Five Years

Liu Qiangdong jd.com

2018/09/23 by Emma Zhou Leave a Comment

China’s second largest e-commerce retailer JD.com is planning to open 1,000 online to offline supermarkets in the next three to five years, stepping up its competition with Alibaba and Tencent to dominate the mainland grocery business.

Wang Xiaosong, CEO of… Read More>>

China’s second largest e-commerce retailer JD.com is planning to open 1,000 online to offline supermarkets in the next … Read more>>>

zhang wenzhong wumart

Wumart Owner Emerges Victorious in Battle for Western China Retailer

zhang wenzhong wumart

2018/09/18 by Emma Zhou Leave a Comment

The owner of Chinese big-box commerce giant Wumart has won a competition for control of one of western China’s biggest retailers after Wumei Holdings and associated investors increased their stake in Yinchuan Xinhua Department Store to 40 percent, through a… Read More>>

The owner of Chinese big-box commerce giant Wumart has won a competition for control of one of western China’s biggest … Read more>>>

Yuexiu team

Yuexiu Property Announces Plan to Sell Fortune World Plaza in Guangzhou

Yuexiu team

2018/08/26 by Emma Zhou Leave a Comment

Guangzhou-based Yuexiu Property this month issued an announcement to the Hong Kong Exchange, saying the company intends to dispose of its 100 percent equity interest in its subsidiary Guangzhou Yuehui Property, which holds Yuexiu Fortune World Plaza in Guangzhou’s Liwan… Read More>>

Guangzhou-based Yuexiu Property this month issued an announcement to the Hong Kong Exchange, saying the company intends … Read more>>>

Christina Tan Keppel

Keppel Launches A$1B Aussie Shopping Centre Fund with Vicinity

Christina Tan Keppel

2018/08/07 by Richard Meyer Leave a Comment

Keppel Corporation has signed an agreement with ASX-listed Vicinity Centres to launch a A$1 billion ($743 million) retail property fund. The new vehicle, which is being formed at a time when Singaporean companies are increasingly active in Australia, will be… Read More>>

Keppel Corporation has signed an agreement with ASX-listed Vicinity Centres to launch a A$1 billion ($743 million) … Read more>>>

Tsuen Wan Clothing store

Shop in Suburban Hong Kong Mall Sells for Over US$28K Per Square Foot

Tsuen Wan Clothing store

2018/07/28 by Rafiaa Rumjahn Leave a Comment

As property prices in Hong Kong continue to surge, even 20 square metre shops 17 kilometres from downtown are trading at record prices as the world-leading rates from Hong Kong island are pulling up markets more than half an hour’s… Read More>>

As property prices in Hong Kong continue to surge, even 20 square metre shops 17 kilometres from downtown are trading at … Read more>>>

Raymond Or Ching Fai

Nike Gets 25% Rent Cut to Take Over Former Esprit Flagship in Causeway Bay

Raymond Or Ching Fai

2018/07/16 by Michael Cole Leave a Comment

Athletic apparel brand Nike has stepped in where Hong Kong’s own Esprit faltered, leasing a 7,000 square foot (650 square metre) shop in Causeway Bay’s Leighton Centre for a reported monthly rent of HK$1.5 million.

The swoosh logo will soon… Read More>>

Athletic apparel brand Nike has stepped in where Hong Kong’s own Esprit faltered, leasing a 7,000 square foot (650 … Read more>>>

qian-zhiya Luckin coffee

GIC Leads $200M Funding Round to Help China O2O Coffee Startup Take on Starbucks

qian-zhiya Luckin coffee

2018/07/15 by Richard Meyer Leave a Comment

A Chinese online-to-offline (O2O) coffee startup is claiming a $1 billion valuation, and unicorn status, after raising $200 million from a group that includes Singapore’s sovereign wealth fund, GIC.

Beijing-based Luckin Coffee (瑞幸咖啡), which combines mobile apps, WeChat integration and… Read More>>

A Chinese online-to-offline (O2O) coffee startup is claiming a $1 billion valuation, and unicorn status, after raising … Read more>>>

Zhang Jindong Suning

Suning Inks RMB 20B Smart Mall Joint Venture with China Evergrande

Zhang Jindong Suning

2018/06/25 by Shawna Kwan 1 Comment

Chinese retailer Suning.com is setting up a RMB 20 billion ($3 billion) joint venture with Evergrande Real Estate Group to develop commercial plazas to promote its smart retail services. The retailer will invest RMB 9.8 billion for a 49 percent… Read More>>

Chinese retailer Suning.com is setting up a RMB 20 billion ($3 billion) joint venture with Evergrande Real Estate Group … Read more>>>

Shanghai Square

Warburg Pincus-Backed Nova, Sunac Buying Shanghai Square Mall for RMB 1.9B

Shanghai Square

2018/06/04 by Shawna Kwan Leave a Comment

Less than three months after announcing a RMB 20 billion fund to redevelop commercial properties in China’s first tier cities, Warburg Pincus-backed Nova Property and Sunac China Holdings have teamed up to acquire a pair of commercial buildings in Shanghai’s… Read More>>

Less than three months after announcing a RMB 20 billion fund to redevelop commercial properties in China's first tier … Read more>>>

Pony Ma Tencent

Wanda and Tencent Reboot Retail Partnership With Smart Mall JV

Pony Ma Tencent

2018/06/03 by Rafiaa Rumjahn Leave a Comment

Chinese Internet giant Tencent is making a second attempt to help Dalian Wanda Group take its shopping mall empire online, as the maker of China’s ubiquitous WeChat app renews a once-failed partnership with the commercial developer.

Under the terms of… Read More>>

Chinese Internet giant Tencent is making a second attempt to help Dalian Wanda Group take its shopping mall empire … Read more>>>

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