New World Development eyes China retail for $1B investment

03/22/2010 | Alibaba.com

New World Development in Hong Kong is planning to invest $1 billion in China's retail centers over the medium term using a retail concept it developed called K11, which combines art and shopping. "The K11 concept shopping mall will have exponential growth in terms of rental income after it has been open for three years," says executive director Adrian Cheng.

View Full Article in:

Alibaba.com

Published in Brief: