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This week’s Alibaba-Sun Art deal is a major step in the development of a new retail landscape in China, write Wai-chan Chan and Jacques Penhirin of Oliver Wyman. This is not a “real estate play” with Alibaba buying 446 grocery stores, but shows how serious…
McDonald’s Asia is preparing to sell some 2800 restaurants across Asia as it introduces a new business model in its fastest growing major market. And Reuters has named frontrunning investors in what looks to be a spin-off business in much the same nature as…
MIPIM Asia, the property leaders’ summit in Asia Pacific, has announced 36 winners in the ninth edition of the annual MIPIM Asia Awards. Chinese mall project Riverside 66 won Gold, the top honour in the Retail category, from The Breeze BSD City in Indonesia…
Walmart China’s local business partner wants out of its joint venture. State-backed China Resources Group has put the minority interests it has in 21 Walmart China stores on the market, seeking US$525 million. Most of the interests equate to about 35 per cent…
