Commercial Buildings
The group develops commercial properties through its 64.22% owned subsidiary Shanghai Shimao Co., Ltd. Shanghai Shimao’s plaza operations are based in prime locations including Shanghai, Shaoxing, Suzhou, Changshu, Kunshan and Xuzhou, and the company has a strong foothold in several core business districts.
While developing its department store operations, Shanghai Shimao followed market trends in Chinese cities such as Beijing, Yantai, and Fuzhou and introduced international brands that matched the local demand.
The company also developed several cinema properties in China, and currently owns 10 cinemas and 87 screens nationwide. Shimao cinemas carried out market research relating to cinema management, movie screenings, and non-box office sales which it then used to help generate growth. “Shimao International Cinema” holds the first full 3D IMAX cinema in Kunshan.
Read more about this topic: Shimao Property
Famous quotes containing the words commercial and/or buildings:
“It is only by not paying one’s bills that one can hope to live in the memory of the commercial classes.”
—Oscar Wilde (1854–1900)
“Now, since our condition accommodates things to itself, and transforms them according to itself, we no longer know things in their reality; for nothing comes to us that is not altered and falsified by our Senses. When the compass, the square, and the rule are untrue, all the calculations drawn from them, all the buildings erected by their measure, are of necessity also defective and out of plumb. The uncertainty of our senses renders uncertain everything that they produce.”
—Michel de Montaigne (1533–1592)