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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:
McDonald's Japan has been raising prices on about 60% of its products since September 30.
Sep 22, 2022, France:
Palm Angels expands its geography and enters the French market with the opening of a store in Paris.
Sep 20, 2022:
The new retail space will appear in the trendy Garosu-gil neighborhood of Seoul.
Sep 19, 2022, Sweden:
The official opening of the flagship store at Drottninggatan 53 is scheduled for September 30, 2022.
Sep 16, 2022, South Korea:
The store will be located at Lotte World Mall in Seoul's Jamsil district.
Sep 15, 2022, USA:
Pontegadea is negotiating the purchase of distribution centers in Wisconsin and Pennsylvania.
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Mall of Tripla GLA:914 932 SF
ADDRESS: Veturitie 13
Finland . Helsinki
Mall of Tripla
Arkadia GLA:1 184 030 SF
ADDRESS: Aleja Jana Pawla II 82, 00-175
Poland . Warsaw
Arkadia
Silesia City Centre GLA:699 654 SF
ADDRESS: Chorzowska 107
Poland . Katowice
Silesia City Centre
I Viali GLA:452 084 SF
ADDRESS: Via Dei Cacciatori 111 - 10042 Nichelino TO - Piemonte
Italy . Torino
I Viali


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