BEAMSTART Logo

Li Ka-shing’s luxury mall in Hong Kong sits empty as Chinese spending plunges

The Straits Times LogoThe Straits Times7h ago

Li Ka-shing’s luxury mall in Hong Kong sits empty as Chinese spending plunges - The Straits Times

Quick Summary:

Only three of the more than 30 units at Mr Li's 1881 Heritage mall are occupied.

China’s collapse in high-end spending has shaken investor confidence in luxury brands across the globe as companies from LVMH to Richemont and L’Oreal report falling sales in the region.

The family of the late Tang Shing-bor, known as the “King of Shops” in Hong Kong, has been looking to sell properties worth billions of dollars since 2020 due to high borrowing costs and plunging rents.


More Pictures

Li Ka-shing’s luxury mall in Hong Kong sits empty as Chinese spending plunges - The Straits Times (Picture 1)

or

Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-03 @ 08:18:46 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 1501 words

Reading Time: 9 minutes read

Sentences: 59 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 22338499

View Article Analysis

About The Straits Times

The Straits Times Logo

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 16 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 1 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #25

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "Li Ka-shing’s luxury mall in Hong Kong sits empty as Chinese spending plunges" has 1501 words across 59 sentences, which will take approximately 7 - 13 minutes for the average person to read.

Which news outlet covered this story?

The story "Li Ka-shing’s luxury mall in Hong Kong sits empty as Chinese spending plunges" was covered 7 hours ago by The Straits Times, a news publisher based in Singapore.

How trustworthy is 'The Straits Times' news outlet?

The Straits Times is a fully independent (privately-owned) news outlet established in 1845 that covers mostly economy and business news.

The outlet is headquartered in Singapore and publishes an average of 16 news stories per day.

It's most recent story was published 1 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #22338499
  • URL: https://beamstart.com/news/li-ka-shings-luxury-mall-17253250195381

BEAMSTART

BEAMSTART is a global entrepreneurship community, serving as a catalyst for innovation and collaboration. With a mission to empower entrepreneurs, we offer exclusive deals with savings totaling over $1,000,000, curated news, events, and a vast investor database. Through our portal, we aim to foster a supportive ecosystem where like-minded individuals can connect and create opportunities for growth and success.

© Copyright 2024 BEAMSTART. All Rights Reserved.