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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



DAY BEFORE YESTERDAY, Taiwan:
Visitors will feel like they were in childhood when they were hiding under a blanket with a flashlight for reading their favorite books.
DAY BEFORE YESTERDAY, USA:
It will allow the company to provide faster delivery to consumers of iPhone 12, sales of which will start today.
DAY BEFORE YESTERDAY, Spain:
The first collection of lingerie and home clothes will include about 125 items, including lingerie, sconces, T-shirts, and sleepwear.
DAY BEFORE YESTERDAY, Germany:
The German giant specializing in sports goods has been getting rid of its own brand Reebok since 2006.
Oct 22, 2020, USA:
Coronavirus pandemic has spawned a wave of companies seeking to enter the rapidly growing protection market.
Oct 22, 2020, Spain:
La Torre Outlet Zaragoza opened to the public and welcomed the first visitors in Spain.
Friend
and Follow
Viaport Outlet GLA:748 092 SF
ADDRESS: Yenisehir Mah. Dedepasa Cad. No:19 Via Port - Pendik
Turkey . Istanbul
Viaport Outlet
Charlotte Premium Outlets GLA:400 000 SF
ADDRESS: 5404 New Fashion Way Suite 100, Charlotte, NC 28278
USA . Charlotte
Charlotte Premium Outlets
Olympia Einkaufszentrum GLA:602 779 SF
ADDRESS: Hanauer Straße 68, 80993
Germany . Munich
Olympia Einkaufszentrum
Optimum Outlet GLA:421 127 SF
ADDRESS: ve Eglence Merkezi | Istiklal Sokak No.2/B Yenisahra/Atasehir
Turkey . Istanbul
Optimum Outlet


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