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Alibaba invests in Chinese mall operator



Alibaba, a well known Chinese internet mogul has invested through shares and bonds 5.6bn Hong Kong dollars, equaling $692m and £415m into the Chinese mall operator, InTime.
This large investment has bought the company 10% of the stake and could increase up to 25% with success.  Alibaba is on the rise and believes it's recent investments into InTime will help improve mall technology increasing the patrons shopping experience all the while building it's portfolio as it seeks to open for the first time in the US market.  

The debut of the company into the public market could be one of the largest of it's kind for an internet trading firm surpassing Facebook's offerings in 2012.  The estimation of opening is around $15 billion.  In recent dealings, Alibaba bought into 60% of network, Chinavision and invested over $200 million into a chat application known as Tango.  Daniel Zhang, COO of Alibaba, is stated as saying: "We see significant oppor tunities to extend our e-commerce platform to physical retail."


More about shopping malls in China



TODAY, USA:
Primark chain of stores conducted a very unusual advertising campaign.
DAY BEFORE YESTERDAY, USA:
The manufacturer of clothes for yoga classes Lululemon opens a unique store.
DAY BEFORE YESTERDAY, Canada:
Italian luxury brand Versace opened a flagship store in the shopping mall at Yorkville Avenue in Toronto, Canada.
Jul 3, 2019, United Arab Emirates:
A public observation deck towering 240 meters above the world-famous Palm Jumeirah will be accessible from Nakheel Mall.
Jul 3, 2019:
The combined Unibail-Rodamco-Westfield group named the first 10 Westfields shopping centers on the continent.
Jun 19, 2019, Italy:
The Mall Sanremo is a brand village featuring luxury labels, from ready-to-wear to accessories, and watches.
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