Property News · June 25, 2018

Evergrande and retailer Suning.com join hands to build shopping malls across China


Suning.com, a Chinese electronics retailer, has partnered with Evergrande Real Estate Group, the country’s third-largest developer by sales, escalating competition among retailers who embrace a hybrid model that integrates online and offline assets.
The joint venture, valued at 20 billion yuan (US$3.06 billion), will see the creation of shopping centres across China’s large and mid-sized cities, according to a filing to the Shenzhen stock exchange on Saturday.
The shopping centres…

Source : South China Morning Post
Read more…Evergrande and retailer Suning.com join hands to build shopping malls across China