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YCH Group launches iconic retail hub in Xiamen

YCH Group launches iconic retail hub in Xiamen


YCH Group, one of Asia Pacific’s leading integrated end-to-end supply chain management and logistics partner, has announced the launch of its retail hub in Xiamen, China. The project is managed by YCH Group on behalf of XPD-YCH Logistics, a joint venture between YCH Group and Xiamen Port Development, a subsidiary of the Xiamen Port Group. The four-storey retail hub will be the first major mall in the region.

Envisioned as an iconic lifestyle-centric mall, it will serve the needs of the population in the immediate vicinity and the rapidly growing city of Xiamen. Spanning 55,000 square metres with a built up space of 100,000 square metres, the facility was converted from XPD-YCH Logistics’ existing warehouse in Xiamen, and will be fully operational from 15 December 2016. This initiative is timely as Xiamen is currently one of the fastest growing cities in China, growing at 6.7 per cent with a population of 4.4 million. China has also overtaken the US to become the world’s largest retail market in 2016 with total sales of US$4.886tr.

Aside from local demand, the mall also aims to cater to the burgeoning Chinese retail scene while playing a key role in strengthening Xiamen’s status as one of China’s most popular tourist destinations. Xiamen received 1.63 million tourists from home and abroad, and raked in RMB1.853bn in tourism revenue according to statistics released by the Xiamen Tourism Bureau on 7 October 2015.