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Tag: park

  • Pop Mart Unleashes Exciting Expansion: Beijing’s Pop Land Theme Park Reveals New Attractions and Diversification Strategy

    Pop Mart Unleashes Exciting Expansion: Beijing’s Pop Land Theme Park Reveals New Attractions and Diversification Strategy

    Pop Mart, a Hong Kong-based firm known for their popular ‘blind box’ collectible toys, including the iconic Labubu, has recently updated and broadened its range at its Beijing-based theme park, Pop Land.

    A Revamped Experience

    After a year of significant renovations, the Labubu Forest Zone is set to reopen to the public on April 30th, the company announced during a recent event. This conversion includes several new amusement park rides, engaging carnival games, live entertainment, food vendors, and retail outlets featuring beloved characters such as Dimoo and the The Monsters series, including fan-favorite Labubu.

    A Gradual and Strategic Expansion

    During a press conference, Pop Mart’s Vice President, Jeffrey Hu, shared his insights on the company’s growth strategy. After examining both Chinese and global markets, Hu believes there are ample opportunities for expansion. However, he indicated that the company wishes to focus on perfecting one theme park before duplicating the concept elsewhere.

    The evolution of Pop Land, which initially opened its doors in 2023, represents a shift in Pop Mart’s strategy. Moving away from a sole reliance on toys, the company aims to diversify its business by capitalizing on a wider selection of intellectual properties featuring its characters. To further this strategic diversification, a Labubu-themed film in collaboration with Sony Pictures is also in development.

    Impressive Financial Growth

    In terms of financial performance, Pop Mart reported a nearly three-fold increase in its 2025 revenue. The company’s revenue surged to 37.12 billion yuan, up from 13.04 billion yuan a year earlier. The firm’s profit also witnessed a substantial growth, soaring by 308 percent to reach 12.78 billion yuan.

    Questions & Answers

    What are the new features in the renovated Labubu Forest Zone?
    The newly renovated Labubu Forest Zone offers new amusement park rides, carnival games, live performances, food outlets, and retail stores featuring popular characters like Dimoo and Labubu.

    What is Pop Mart’s current growth strategy?
    Pop Mart is focusing on expanding its intellectual property portfolio and diversifying its offerings beyond toys. This includes the development of a theme park and a movie in collaboration with Sony Pictures.

    How did Pop Mart perform financially in 2025?
    Pop Mart reported a nearly three-fold increase in its 2025 revenue, which rose to 37.12 billion yuan from 13.04 billion yuan a year earlier. The company’s profit also witnessed a substantial growth of 308 percent, amounting to 12.78 billion yuan.

  • Central Pattana Unveils Plans For Mixed-use ‘central Park’ In Bangkok’s Heart

    Central Pattana Unveils Plans For Mixed-use ‘central Park’ In Bangkok’s Heart

    Central Pattana, based in Thailand, has announced plans to launch a new shopping centre named Central Park in Bangkok this September. This move constitutes a significant portion of a widespread mixed-use development.

    About the Project

    With a vast area of 130,000 square meters, the project encompasses retail space, a rooftop park, and a high-end office tower. Its design is intended to merge commercial, lifestyle, and environmental features within a central urban location.

    The forthcoming shopping centre will boast an array of Thai and international fashion brands. It is predicted to cater to both local consumers and overseas visitors.

    The Rooftop Park

    One of the development’s distinguishing features is an 11,200 square meter rooftop park. Touted as the largest of its kind in Thailand, this elevated green space will offer panoramic views of the Bangkok skyline.

    Inspiration and Location

    Situated at the crossroads of Silom and Rama, Central Park Bangkok is inspired by the likes of Central Park in New York and Hyde Park in London.

    The project also includes a 43-story office tower situated next to Lumpini Park. The building is striving for LEED Gold, Well Platinum, and WiredScore Gold certifications.

    The offices, which are directly linked to the shopping centre, are devised to foster a mixed-use environment catering to urban professionals.

    In the words of Central Pattana, this flagship project is “geared to become a world-class retail destination in the heart of Bangkok,” with the aim of promoting Thailand’s retail sector onto the international stage.

    Questions & Answers

    What is the anticipated date for the opening of Central Park Bangkok?
    Central Park Bangkok is slated to open in September.

    What elements does the Central Park Bangkok project incorporate?
    The project combines a shopping centre, a rooftop park, and a high-end office tower, aiming to blend commercial, lifestyle, and environmental facets in a central urban location.

    What kind of brands will the shopping centre feature?
    The shopping centre will showcase a variety of Thai and international fashion brands, targeting both local customers and international tourists.

  • EESL Partners With Apollo Hospitals To Install Public Charging Stations

    EESL Partners With Apollo Hospitals To Install Public Charging Stations

    Energy Efficiency Services Limited (EESL), a joint venture of PSUs under the Ministry of Power has announced its first partnership with the private sector. The world’s largest public energy services company (ESCO) has signed a 10-year Memorandum of Understanding (MoU) with Apollo Hospitals to install public charging stations across its hospitals in India. The aim is to boost e-mobility across the country and the tie-up will help set-up the charging infrastructure for electric vehicles. Under the MoU, EESL will make the entire upfront investment on specified services and deploy the manpower required for the operation and maintenance of the public charging infrastructure. Meanwhile, Apollo Hospitals will provide the requisite space and power connections for the charging network to EESL.

    Commenting on the announcement, Venkatesh Dwivedi, Director – Projects, EESL said, “Developing a strong supporting infrastructure is vital to build consumer confidence in electric vehicles. Our MoU with Apollo Hospitals reinforces the role of the private sector in achieving the goal of National Electric Mobility Programme. Electric mobility is vital to reducing airborne emissions and enhancing air quality, a cause the healthcare sector can resonate with. We look forward to more such multi-sectoral partnerships to accelerate the adoption of EVs across the country.”

    The move is part of the government’s National Electric Mobility Programme. EESL has commissioned 300 AC and 170 DC chargers across India and has established 55 public operational charging points in Delhi-NCR. The company has also partnered with Urban Local bodies in Hyderabad, Noida, Ahmedabad, Jaipur, Chennai, among other locations, to further penetrate the charging infrastructure.

    EESL procures the electric vehicles and chargers in bulk, which allows the company to source them at significantly discounted rates, lower than the actual market value. This allows the company to carry out operations at competitive project costs, which it says has helped the firm establish a sustainable business model that is affordable for the end consumer.

    With the government aggressive towards the adoption of electric vehicles in India, the charging infrastructure that remains nascent at present has always been a concern. Initiatives like these though will certainly help create enough charging locations to support electric mobility that is just gaining traction in the country.

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  • Park Hyatt hotel to occupy top floors at Malaysia’s PNB 118, the world’s 3rd tallest building

    Park Hyatt hotel to occupy top floors at Malaysia’s PNB 118, the world’s 3rd tallest building

    Malaysia’s largest government-linked fund management firm, Permodalan Nasional Bhd (PNB), has signed Hyatt Hotels & Resorts as the hotel operator for its tower development, expected to be the third tallest in the world when completed.

    The luxury hotel operator’s Park Hyatt brand will occupy the top 17 floors of the tower, called PNB 118, PNB said on Tuesday. Aimed for completion in 2020, the 118-storey building will be the tallest in Southeast Asia.

    PNB 118 will have 1.65 million square feet of rentable office space, a retail mall and other entertainment amenities. The fund itself will take up around half of the office space, and is looking to have its portfolio companies take tenancy as well.

    “From our perspective, this is an investment into real estate, in a historic location,” group chairman Abdul Wahid Omar said at a press briefing.

    In November, PNB said it was looking to raise 2 billion ringgit ($512.03 million) via a green sukuk programme to finance the tower project. The fund’s real estate portfolio also include British and Australian assets.

    Malaysia’s capital has been experiencing an oversupply of office space in recent years. However, new office buildings continue to enter the market. Notably, the construction of a 106-storey building, Exchange 106, is underway in the Tun Razak Exchange and targeted for completion this year.

  • Ford recalls F-250 pickups that could roll while in park

    Ford recalls F-250 pickups that could roll while in park

    Ford Motor is recalling about 52,600 F-250 pickup trucks sold in the United States and Canada because the vehicles could roll after the driver moves the automatic transmission lever into park position, the company said on Saturday.

    The recall, the third announced by Ford this week, affects 2017 model year F-250 vehicles powered by 6.2-liter gasoline engines and built in its Louisville, Kentucky, truck plant, it said in a statement.

    Ford, the second-largest U.S. automaker, also said it was unaware of any injuries or accidents associated with the latest issue.

    The company said on Wednesday it was recalling 211,000 vehicles in North America to replace potentially faulty side door latches.

    Another recall involves 230,000 vehicles that present a fire risk in the engine compartment. Ford said it had reports of 29 fires related to that issue but no injuries.

    The Dearborn, Michigan-based automaker had previously recalled nearly 4 million vehicles for door latch issues in six separate announcements since 2014, including 2.4 million vehicles recalled in late 2016.

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  • Hong Kong’s Ocean Park sees record deficit, announces entry fee hike

    Hong Kong’s Ocean Park sees record deficit, announces entry fee hike

    Iconic Hong Kong theme park Ocean Park announced an entrance fee hike after recording its first deficit since 2003, local media reported on Wednesday.

    The park recorded a deficit of HK$241.1 million (S$44.2 million), its largest since 1987 according to the South China Morning Post. It announced that entrance fees would be raised to HK$438 for adults and HK$219 for children from Jan 1 next year, a 13.8 per cent increase.

    “The 2015/2016 fiscal year has been challenging for both the tourism and retail sectors in Hong Kong, and Ocean Park has not been immune,” Ocean Park chairperson Leo Kung told the South China Morning Post.

    He blamed a drop in tourism to Hong Kong and slowing economic growth in mainland China. In Ocean Park’s Annual Report for 2015-2016, Kung said that the drop in tourist arrivals to Hong Kong resulted in a 18.8 per cent drop in attendance to six million guests.

    “The number of inbound tourists to Hong Kong has dropped due to a combination of factors,” said Kung to the South China Morning Post. “These include intensified competition from other regional destinations, the strengthening Hong Kong dollar against the renminbi and other currencies, and slowing economic growth in China, which has affected mainland visitor flows to the city.”

    He added that there would be no redundancies or pay cuts to full-time staff.

    The park will launch a new entertainment and dining area at the entrance to woo visitors, Ocean Park executive director of sales and marketing Vivian Lee told the South China Morning Post. She added that the park would boost efforts to attract regional visitors from markets such as South Korea, Indonesia and Taiwan.

  • Indonesia, Singapore launch Kendal Industrial Park

    Indonesia, Singapore launch Kendal Industrial Park

    President Joko Widodo, along with Singapores Prime Minister Lee Hsien Long, launched the Kendal Industrial Park in Central Java Province as a new model of bilateral economic relationship.

    “Prime Minister Lee and I agreed that the investment cooperation in Kendal Industrial Park marks a new milsestone in our bilateral relationship, particularly in the investment sector,” Jokowi said in a joint press statement here on Monday.

    Both heads of state also discussed the potential for more such bilateral investments, as Jokowi believed there was a big opportunity to further develop this economic cooperation.

    The president also stated that Indonesia was committed to improve its competitiveness to become an investment destination country.

    “During discussions, I explained that we are continuously reforming the economic and legal sector to improve Indonesias economic competitiveness,” Jokowi added.

    Jokowi reminded that both Indonesia and Singapore are also enhancing cooperation in the tourism sector by developing new tourism destinations in Indonesia.

    Indonesia hopes that a range of Memorandums of Understanding (MoU) that have been signed would lead to more effective cooperation in the tourism sector.

    Jokowi noted that Singapore also supports Indonesia on several regional and international issues such as counter terrorism measures as well as in the South China Sea dispute.

    “Singapore is an important partner of Indonesia in many sectors. Indonesia and Singapore will also celebrate the 50th year of their diplomatic relationship,” Jokowi noted.

    A project being built in Central Java through bilateral cooperation will create about 4,000 jobs.

    Prime minister Lee underlined that many Singapore companies have been investing in Indonesia, not only in the free trade areas of Batam-Bintan-Karimun (BBK) in Riau Islands, but also in other areas in the country.

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  • Disney’s Hong Kong park posts loss as Chinese visitor numbers skid

    Disney’s Hong Kong park posts loss as Chinese visitor numbers skid

    Walt Disney Co’s Hong Kong theme park posted its first net loss in four years in 2015 as Chinese visitor numbers slumped, a potential headache for the U.S. firm as it prepares to open its first mainland Chinese park in June.

    The park posted a net loss of HK$148 million ($19 million)for the year, dropping into the red after three straight years of profits, Hong Kong’s Legislative Council Panel on Economic Development said in a report released on Monday.

    Hong Kong has been hit hard by slowing economic growth in China, which has battered the number of big-spending Chinese tourists traveling to the city. Its retail sales saw their worst annual decline last year since 2002.

    Hong Kong tourist arrivals fell 2.5 percent in 2015 to 59.32 million, the first decline since 2003 when the city lifted travel restrictions for some mainland Chinese. Mainland visitors account for about three quarters of visitors.

    “The tourism industry of Hong Kong was greeted with great challenges due to external factors as well as overall market condition and sentiment,” the report, posted on China’s Tourism Commission website said.

    The Hong Kong Disney park saw revenues of HK$5.1 billion in 2015, a decrease of 6 percent against a year earlier, the report said, the first revenue drop for the park since 2009. Visitor numbers also fell nearly 10 percent, the first decline since at least 2008, driven by a steep drop in mainland guests.

    “Lower visitation from mainland China and the region largely contributed to softer overall theme park attendance,” Disney said in a statement emailed to Reuters.

    The opening of the larger Shanghai resort could dent the fortunes of the Hong Kong park further, the panel said in the report, adding the park was looking at how to stay competitive in light of “intensifying competition” and “the opening of the Shanghai Disney Resort in June this year”.

    Disney’s $5.5 billion Shanghai resort, a joint venture between the U.S. entertainment giant and Chinese state-backed consortium Shanghai Shendi Group, is slated to open on June 16. It had previously been set to open in late 2015.

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