…ave proved successful enough that InfraRed now plans to import some of the online elements of China Mini Storage for use in its Hong Kong business. RedBox will roll out an online booking facility on their website in June to make the storing process more convenient. The company also has technology like automated access with QR code in the pipeline. Leveraging Basements to Boost Returns In addition to leveraging technology, China Mini Storage relies…
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Hong Kong Retail Picks Up After Four Year Slump Sponsored Feature
…t, brands have to be fully transparent about any price differences between online and offline channels, and provide added-value services— like personalized products, mobile payment options and in-store experiences—to remain relevant. “In this period of surging double digit retail sales, retailers that don’t have their finger on the pulse and that can’t keep up with the trend will not keep customers coming back,” says Assersohn. Click to read about…
Partners Group in Talks to Buy Beijing Complex for RMB 5.7B
…one of Beijing’s oldest electronics bazaars and home to Lenovo’s flagship store. The market is now in the process of being cleared out, however. The pair of office towers host some of China’s best-known venture capital investment firms, start-ups and incubators including Sinovation Ventures, DaDa ABC, Auto Home and Zhongguancun Online. Beijing Tech District Switches From Retail to Office Rahul Ghai heads Partners Group’s real estate strategy for…
BlackRock Boosts Role of APAC Chief and More Asia Real Estate News
…owloon’s Victoria Dockside Fortnum & Mason, the upmarket London department store that counts the British royal family among its regular customers, has chosen Hong Kong for its first stand-alone shop overseas since it was founded three centuries ago. Ewan Venters, chief executive of Fortnum & Mason, said the company has signed an eight-year lease to open a two-storey shop at the Victoria Dockside in Tsim Sha Tsui. The shop will open as part of the…
Hong Kong Home Prices Slide for Second Straight Month and More Asia Real Estate Headlines
…t plans to invest close to INR 10 billion ($140 million) in setting up its online selling platform, and opening three of its iconic retail stores across major cities over the next two to three years. “There have been meetings with company executives. The first store is likely to come up in Mumbai followed by Delhi and a third location is yet undecided,” a senior government official familiar with the company’s plans said. Read more>> Asia Pacfic 1H…
Jho Low Forfeits $1B in Assets to US Authorities and More Asia Real Estate Headlines
…ngly using digital channels and data to boost their business. “Our offline stores have been hit badly by online platforms, with shrinking foot traffic and plunging sales,” Peter Huang Ming-Tuan, chairman of RT-Mart China, a supermarket operator, told the 2019 Consumer Goods Forum, held in Hangzhou on Tuesday. If we stayed the same, it would lead to our demise, he added, while going online amounted to playing with fire. Read more>> Aussie Feds Seiz…
Citic Pacific Buys Hong Kong Luxury Residential Site for HK$3.2B and More Asia Real Estate Headlines
…nack shop chain Best Mart 360 on Tuesday opened the first of as many as 15 stores planned for Macau, as it diversifies away from the city, where 75 out of its 102 stores have been targeted by anti-government protesters over the past seven months. “We opened the first store today, the first of three. Now we will see how the business will fare. We have rented three stores in Macau. The goal is to see if we can open 15 [there],” Lin Tsz-fung, its cha…
BuyNow Expands Retail Presence to Suzhou and Huizhou
…cheduled to open in 2013, and the Huizhou location is planned for the late first half of 2011. The Suzhou facility will also include office space and additional retail space for sale. Clevo opened its latest Buynow retail store in Heilongjiang, in December 2010, and plans to open two more stores, one each in Shandong and Guangdong, later in the first half of this year. Clevo currently has over 20 Buynow stores in China. From Digitimes>>…
China’s Growth to be Slowest Since the Global Financial Crisis – and more of today’s China Real Estate Links | April 9, 2012
…of 3.01 million square meters. Lawson in Talks to Buy at Least Three China Store Chains “Lawson Inc. (2651), Japan’s second-largest convenience-store chain, is in talks to buy at least three operators in China in its first overseas acquisition as the company looks to faster growing markets to increase sales. “There will be a huge opportunity to acquire businesses in China,” Chief Executive Officer Takeshi Niinami said in an interview in Tokyo Apri…
China Investment Appeal Waning – and more of Today’s China Real Estate Links | May 31, 2012
…MBAs France’s Carrefour SA China plans to recruit Chinese MBA students as store managers to support its fast expansion plans in the world’s second largest economy. “Carrefour China will recruit more than 20 store general managers who are MBA students in the next six months to work for its outlets,” said Joanna Meng, human resources director and vice-president of Carrefour China. APREA launches China Chapter The Asia Pacific Real Estate Associatio…
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