…n Shanghai’s IAPM Mall According to a photo posted on Twitter (via ifoAppleStore), Apple seems to be building a retail store in the center of Shanghai’s new IAPM mall. The store, which appears to be two stories high as it undergoes construction, is blocked off by a gray barricade that sports the Apple logo and the URL which directs Apple’s China retail website. The mall in which the store is located opened two weeks ago, and is connected to high-r…
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Apple to Open Latest China Retail Store in Chongqing
…l in the western China city of Chongqing, making this only the third Apple Store in the country to be located outside of Shanghai or Beijing. The opening of the new store was announced in low-key ad on the company’s website, as well as with a large billboard on display at the mall in Chongqing’s Jiangbei district. The Chongqing store is expected to be followed later this year by the opening of new outlets in Hangzhou, Shenyang, Tianjin, Wuxi, and…
Ralph Lauren Closes HK Flagship Store in Luxury Letdown and More Asia Real Estate Headlines
…le Group LP (CG.O) and Chinese conglomerate CITIC Group Corp [CITIC.UL] to buy the stores and its decision to retain a stake of up to 25 percent lowered the price tag for the business from up to $3 billion expected previously, said the person, who declined to be identified because details of the deal are not public. Read more>> Germany’s Metro Shifts Mainland Model in Face of Rising Property Costs Twenty years after opening its first wholesale sto…
Esprit Bails on HK$2M Per Month Causeway Bay Flagship Store
…ason for the move. The company also considers the location and size of the store when leasing, he added. “A large size [for a store] might not bring about good results,” Or told Apple Daily. “Esprit may be shifting its location strategy to more mall-focused and in form of smaller shop size,” said Cathie Chung, National Director of Research in JLL during a phone interview with Mingtiandi. “As compared to street shops, shopping malls tend to have a…
Wanda Takes Aim at O2O Prize with Buy of Online Payment Provider
…n on the Forbes China Rich List for 2014, and already owns China’s biggest online payment service Alipay. Alipay dominates the online payment market in China with an estimated 74.3 percent of the market (according to iResearch) and processed more than $150 billion in payments during 2014. While Wang’s recent Hong Kong IPO of his commercial properties, and expected IPO of his mainland movie theatres may have helped him win back ground on the China…
Wanda Launches Online Investment Product to Crowdfund Malls
…fy how much money it is intending to raise through this initial foray into online financing, but they did indicate that funds invested in the product would be earmarked for new mall development. Acting Like an Internet REIT When Wanda announced its online funding intentions in April, Wang Jianlin likened the product to a REIT, and, while full details of Stable Earner No.1 are not yet available, the company’s statement does seem to endow it with so…
Daito Trust Will Invest a Combined US$74 million in JustCo and in a New Japan Joint Venture Sponsored Feature
…h exceptional flexibility, opportunities and experiences. Website: https://www.justcoglobal.com/ Facebook: https://www.facebook.com/JustCoGlobal/ LinkedIn: https://sg.linkedin.com/company/justco Instagram: https://www.instagram.com/justcoglobal JustCo Locations: Singapore 1. 6 Raffles Quay 2. 20 Collyer Quay 3. 51 Bras Basah Road 4. 120 Robinson Road 5. Asia Square Tower 2 6. AXA Tower 7. China Square Central (Opening in Q1 2020) 8. MacDonald Hous…
Burberry Shuts Shanghai Flagship Store in Global Retrenchment
…t, a plan which aligns with those of many luxury brands which have prioritised openings in Shanghai’s prime shopping hubs including West Nanjing Road, and Huaihai Road. Wei added that in the last year, the retail industry in China’s largest cities has stablised, and that in order to reach their growth targets, many retailers are looking for opportunities to expand into “tier-1.5” and tier-2 cities. In 2010, Burberry had paid £70 million (now $91.4…
Wuxi Apple Store Set to Be 12th in China
…retail network comes as other luxury brands have slowed the opening of new stores this year. Apple announced its Wuxi store last week, just before the opening of its eleventh outlet China outlet in the western metropolis of Chongqing this past Saturday. This newest shop will open in Hang Lung’s Center 66 shopping mall on August 2nd. Wuxi is just west of Suzhou in eastern China, and less than one hour from Shanghai by high-speed train. In addition…
JD.com Aims to Open 500 High Tech Supermarkets in Five Years
…ises 30-minute delivery to locations within three kilometres of a physical store. Online Giants Battle to Win China’s Produce War Screens displaying the origin, weight and storage method for fresh produce JD is boosting its efforts in offline groceries as its tech competitors are making their own bids to take a bigger share of China’s shopping market. Last week, Carrefour opened its first-ever smart supermarket in Shanghai in partnership with Tenc…
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