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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



YESTERDAY, United Kingdom:
Puma is the latest name to join London Designer Outlet, opening its first outlet in London.
DAY BEFORE YESTERDAY, USA:
International fashion-aggregator Lyst has published a report on the main trends in the fashion market on the results of the outgoing 2019.
DAY BEFORE YESTERDAY, United Kingdom:
American sportswear and footwear manufacturer Vans is preparing to open a flagship store in the heart of London.
Nov 18, 2019, Canada:
Le Tote, a fashion rental service, has closed the deal to buy Lord & Taylor from Hudson's Bay Company.
Nov 18, 2019, Australia:
Instead of the usual number of ticket offices, visitors are waiting for several driveways for cars.
Nov 15, 2019, USA:
Sports brands are opening up flagship stores and attracting more and more customers.
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Central Children's Store GLA:370 192 SF
ADDRESS: Teatralnyi proezd, 5
Russia . Moscow region
Central Children's Store
Mall of Qatar GLA:1 743 753 SF
Qatar . Doha
Mall of Qatar
I Viali GLA:452 084 SF
ADDRESS: Via Dei Cacciatori 111 - 10042 Nichelino TO - Piemonte
Italy . Torino
I Viali
Designer Outlet Provence GLA:269 098 SF
ADDRESS: Mas de la Peronne, Miramas, France
France . Miramas
Designer Outlet Provence


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