CapitaLand, Alibaba raise bar on omni-channel retail model
S'pore property giant aims to "reinvent modern retail" through managing mall in Shanghai and Lazada here
Singapore
SOUTH-EAST Asia's real estate giant and Singapore's very own CapitaLand appears ready to crank things up to grab a slice of the action in the booming e-commerce retail space. And what better way to meld "bricks with clicks" than to join hands with two leading e-commerce players - Alibaba and Lazada - to position itself as an "omni-channel" retail landlord?
In China, CapitaLand inked an agreement to manage Alibaba Shanghai Center - the e-commerce giant's new headquarters in Shanghai, which will comprise four office towers and a retail podium - to "reinvent modern retail".
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Cordlife shareholders vote to remove 3 directors, including co-founder Ho Choon Hou, from board
Google executives hint that AR glasses are poised for a comeback
Converse to cut jobs as part of Nike’s cost-savings plan
McDonald’s sells US$1 billion of bonds as debt set to mature
Blackstone-led consortium eyes snacks business of India’s Haldiram’s: sources
Walmart to lay off hundreds of corporate staff and relocate others: WSJ