Hong Kong-listed Maoye International Holding Limited has opened a new department store in Nanshan, Shenzhen.
With a total investment of CNY1 billion, this new department store is the company's 20th outlet in China. Prior to this, Maoye International opened two department stores in Dongmen and Huaqiangbei, in Shenzhen. The Maoye Nanshan department store covers a business area of 68,000 square meters and offers a range of international and Chinese brands, including the French men's clothing brand AutaSon, the American men's clothing brand Abboud, and the Hong Kong jewelry brand Chow Tai Fook.
According to Huang Maoru, the chairman of Maoye International, the company now runs commercial real estate of over one million square meters, making it one of the largest commercial real estate companies in China. In the next three years, Maoye Department Store plans to add 11 commercial real estate projects in cities such as Changzhou, Shenyang, Tianjin, Chengdu, and Chongqing.