…user’s living room. Under the terms of a new agreement signed between the online shopping provider and Japanese convenience store operator FamilyMart, JD users will be able to have food delivered to their doors from any of FamilyMart’s core locations in Beijing, Shanghai, Shenzhen and Chengdu within one-half-hour, anytime 24 hours a day, according to a press release by the company. The services are being added to JD’s online food ordering and del…
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Evergrande Hit With Winding-Up Petition and More Asia Real Estate Headlines
…rth of outstanding stock options. Read more>> H&M Closes Shanghai Flagship Store H&M closed its flagship store in Shanghai this week, the first store it opened in the country 15 years ago, a move that follows the city’s strict COVID-19 lockdown and comes a little over a year after a consumer boycott of the Swedish fashion brand in China. The brand owned by Hennes and Mauritz AB permanently closed the three-storey location on Huaihai Road, one of S…
IKEA to Invest RMB 10B in China Operations
…be closer to the customers,” the company said. All of the firm’s physical stores and online platforms will offer a whole-house design service beginning next month, allowing customers to communicate one-on-one with designers, Pawlak-Kuliga added. The Netherlands-headquartered firm expects to recruit more than 3,000 new employees in China during the fiscal year starting September 1, with plans to further boost investment in the next two years. Sear…
Alibaba Offline Deals Roll on With $744M Investment in Wanda Film
…libaba indicated that it would leverage its cloud computing technology and online membership of 488 million active users to support the digitalisation of Easyhome’s 223 stores in China. Competition With JD.com Heats Up Meanwhile, Alibaba’s largest e-commerce rival JD.com is also expanding its brick and mortar business. China’s second-largest e-commerce network opened its first 7Fresh grocery store in Beijing at the beginning of this year, which is…
Alibaba Invests RMB 4.36B in Furniture Mall Operator Red Star Macalline
…more customers to their shops and showrooms. Best known among Alibaba’s “new retail” initiatives are its Hema supermarkets, now renamed as Freshippo, where customers can shop or even dine in the physical store while also inspecting products which they can order online through the retailer’s mobile app, then have the groceries or other items delivered to their homes within 30 minutes….
Fosun Suing Over SOHO Bund Plot – and more China Real Estate News | June 1, 2012
…fourth outlet in the city. Located in Jinchang district, the new Decathlon store is expected to open in October 2012. Since Suzhou’s first Decathlon store opened in Suzhou Industrial Park, its products appear to have been well-accepted by local consumers. The opening of the fourth store represents Decathlon’s determination and confidence in expanding its retail network in eastern China. This list is updated daily, so tune in again tomorrow for mor…
China Property Developers Said Looking Overseas As Rich Clients Buy Abroad – and more of Today’s China Real Estate Links | June 29, 2012
…ese market in early 2011. The first Best Buy Mobile store in China, with a store-within-a-store (SWAS) concept, was opened in Five Star’s Liuhe branch in Nanjing, the capital of East China’s Jiangsu Province, and another store would also open within this week in Nanjing, Zhang Ke, director of Marketing & Brand Center of Jiangsu Five Star Appliance Co, told the Global Times yesterday. S&P:CEO’s resignation does not affect CCRE rating Standard & Poo…
GIC, Tishman Said Selling India Project for $314M and More Asia Real Estate Headlines
…ng pool. Read more>> France’s Galeries Lafayette Readies Shanghai Flagship Store French department store group Galeries Lafayette is to double its presence in China with a 25,000 square metre flagship store in Shanghai’s Pudong Mall. Galeries Lafayette China launched in Beijing in 2013. To be run by the group’s local partner IT Limited, the Shanghai flagship will cover four floors with interior design by London-based architectural studio HMKM and…
HNA Seeks to Borrow $2B From Developers and More Hong Kong Real Estate Headlines
…have inhaled smoke generated by an iPhone battery while undertaking an in-store repair of a customer’s device. Emergency services were summoned to the Apple retail outlet based in the International Finance Center mall, reports the South China Morning Post. Store employees managed to extinguish the battery before it could cause more harm than emitting smoke, and before emergency personnel arrived at the scene, with the containment meaning there wa…
Taubman South Korean Project Takes Gold Award at ICSC Asia Event
…are foot western-style shopping center, anchored by a Shinsegae department store, is home to approximately 300 stores, restaurants and a variety of sports and entertainments in the city of Hanam, just east of Seoul, about 30 minutes from the glitzy Gangnam District. The retail venue brings together shopping, leisure activities and healing all in one space. Its collection of international luxury brands includes Balenciaga, Burberry, Bvlgari, Fendi,…
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