Browsing: malls

Tencent bets China’s shopping malls can be fashionable again as it leads $5.4 billion Wanda deal

China’s top think tank predicted in 2016 that one in three of the country’s estimated 4,000 shopping malls would close within five years as consumer spending shifted online and millennials prefer swiping through websites than ruffling


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China’s November retail sales rise as malls hold their own against the onslaught of online retailers

Major department stores and shopping malls in China reported an increase in sales in November, with the categories expanding by 3.2 per cent and 7.4 per cent, respectively, compared with the same period in 2016. These


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