The Florentia Village luxury discount outlet mall in Shanghai. Allianz and its partners are planning to buy the mall, and do not see a threat from the boom in online shopping in China. Photo: Maggie Zhang

Allianz and TH Real Estate buy outlet malls in China as part of regional push

Company sees the boom in online shopping in China as not affecting outlet malls because of strong demand for discounted luxury goods

Topic |   China property

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The Florentia Village luxury discount outlet mall in Shanghai. Allianz and its partners are planning to buy the mall, and do not see a threat from the boom in online shopping in China. Photo: Maggie Zhang
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