Capitaland Looks to Future With Alibaba and Lazada

• Proeksa Meas
• 13 November 2017
• Construction Focus
• 1598 Views

Leading Singaporean property company CapitaLand is making agreements with two major e-commerce players in the real estate sector. Capitaland has entered into agreements to manage Alibaba’s Shanghai Center, which comprises four office towers and a retail podium, as well as with Lazada to launch an online mall.CapitaLand and Alibaba Group are looking to integrate their retail with offline and online (O&O) sales channels in China, while CapitaLand is collaborating with Lazada Group in Singapore, an affiliate of to launch an online mall for the retail landlord to connects retailers to shoppers both offline and online.The Alibaba Shanghai Center will feature mid-to-high-end retail and residential components with Capitaland and Alibaba using their e-commerce cooperation to populate the facility.