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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



Nov 14, 2018, France:
Growing demand for destination shopping underpins McArthurGlen’s €1 billion development pipeline.
Nov 8, 2018, Poland:
One of the last large commercial plots in the city is being built as part of a mixed-use facility.
Nov 6, 2018, USA:
Taubman unveils $500 Million reimagination of iconic Beverly Center Reinventing Retail & Dining in Los Angeles, CA.
Nov 2, 2018, United Kingdom:
The digitally-enhanced playground will provide immersive Hans Christian Andersen play experiences.
Nov 1, 2018, USA:
Retail and dining concepts complement Burlington, DICK's Sporting Goods and Edge Fitness in replacing the former Macy's box.
Oct 26, 2018, United Kingdom:
Over 50 stores, cafés, and restaurants to open at King's Cross' new shopping district in London.
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Shopping City Süd GLA:1 862 156 SF
ADDRESS: Europaring 2334 Vösendorf
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ADDRESS: World Trade Center, Manhattan, NY 10007
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