Chinese giant Alibaba Holdings has invested a further USD 630 million in its Singapore-based Lazada, as it looks to boost sales in the region and remain competitive against rival TikTok.…
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Alibaba sales up 9 percent on international e-comm, reneges on cloud unit spin-off
Alibaba Group said revenue climbed 9 percent to RMB 224.79 billion (USD 30.81 billion) in the second quarter, as the Chinese e-commerce giant reneges on plans to spin-off its cloud unit.…
Shinsegae to build new Starfield shopping mall in Incheon by 2027
South Korean retail giant Shinsegae Group will build a new multi-purpose Starfield shopping complex, in its domestic capital city, Seoul, by 2027.…
Parkson Vietnam files for bankruptcy
Parkson Vietnam on Friday announced it has filed for bankruptcy in Ho Chi Minh City, signalling an end for the mall operator after 18 years of operation in the Southeast Asian nation.…
Uniqlo unveils prototype store, plans Luxembourg store debut
Fast Retailing announced this week two new important Uniqlo openings: a store debut in new market, Luxembourg, and the unveiling of a brand new prototype store concept in Japan, to be eventually rolle…
Stella McCartney opens first-ever ‘Stella World’ concept store with cafe
Luxury fashion brand Stella McCartney has opened its first-ever ‘Stella’s World by Stella McCartney’ experiential concept store in Japan, in the city of Osaka, comprised of the Briti…
Thailand’s Central among group eyeing stake in Vietnam’s Vincom Retail
Thail retail giant Central Group is reportedly eyeing a stake in the shopping mall arm of Vietnamese company Vingroup, according to a sources.…
Swire Properties revenues down 15 percent in 2022 on Hong Kong, China
Mall and retail conglomerate Swire Properties Limited announced on March 9 revenues for the full-year 2022 fell 16 percent to HKD 13.8 billion, on the back of slumps in the company’s China and H…
Meet the architects transforming China’s luxury malls, marrying the physical, digital and whimsical
SKP co-founders Simon Mitchell & Torquil McIntosh sat down to talk about the innovative architecture and design studio Sybarite, sharing their vision for the mall and the inspiration behind its d…
Central Pattana announces 28 percent growth, new developments in 2023
Central Pattana, Thailand’s leading retail property developer, has reported a 28 percent increase in its 2022 earnings, amounting to a net profit of THB 10.76 billion (around USD 308 million).…