6,700 shopping malls in China; not all of them will survive
Total retail sales grew 3.7% in 2025, trailing both GDP growth and household income growth for the second year running. Nearly 60% of the country’s top 100 retail chains saw store counts stagnate or shrink. New openings of shopping malls in China fell to a 13-year low in 2025, down 24% from the year before. […]
China Mall Innovation 2026 Report
New consumption habits calls for new consumer spaces. Market share of online purchases in China has declined from 27.6% in 2023 to 26.1% in 2025. Malls have always played an important role in China’s consumer markets, and with the quick rise of e-commerce in China, the natural assumption would be that malls are increasingly irrelevant. […]
Shopping malls in Shanghai: The forefront of China’s retail experimentation
The scale of the shopping mall in Shanghai is a direct reflection of the city’s economic gravity. With a GDP of RMB 5.67 trillion (USD 814 billion) in 2025, Shanghai is solidifying its status as the 5th largest city economy in the world. With 25.96 million square meters, the city is China’s largest retail market. […]