CP Lotus plans mainland expansion

Hong Kong-based retailer CP Lotus says it plans to open more stores in Beijing as it seeks more market share in the mainland.

CP Lotus, which is principally engaged one-stop shopping centres, recently opened a store in Wangjing area in Beijing

A new shopping mall spanning 140,000 sqm is also planned to open in Beijing’s Daxing area.

With its business model, the retailer says it is confident it can combat the tough competition in the mainland.

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