Renhe Commercial Holdings
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22 марта, 00:26

Struggling China Developer To Unload 44 Malls, Citing Tough Market, Online Competition

One of China’s largest mall owners is looking to unload 44 already built and in-progress malls, underscoring the impact growth in e-commerce is having on the country’s retail industry. Renhe Commercial Holdings, led by tycoon Dai Yongge, expects to raise a minimum of $1 billion from the sale and use $760 [...]