Chinese Retailers Playing Poker in Empty Malls as Their Customers Shop Online - Online sales are having a real impact in China, and while that is good for companies like Alibaba and JD.com, it is taking a toll on the brick and mortar retailers, along with the property market.
Bloomberg published an article that said that Chinese retailers are playing poker in empty malls, their customers have gone online.
China Online
JD.Com’s Liu started renting a booth in Zhongguancun in 1998 with an initial investment of 20,000 yuan.
Back then, China had 2.1 million users connected to
... read more ...