Retail News CRM

Tag: YCH Group

  • YCH Group to develop high-tech DistriPark in Nantong

    YCH Group to develop high-tech DistriPark in Nantong

    YCH Group, Asia Pacific’s leading integrated end-to-end supply chain management and logistics partner signed a Memorandum of Understanding (MOU) with CPC Nantong Northern New Town Management Committee to develop a DistriPark within the Nantong Integrated Logistics Park to support urban development of logistics infrastructures in Nantong City.

    As a key port and economic centre in the Jiangsu Province, Nantong City is a fast-growing coastal city strategically located along the Yangtze River Delta.  According to a report published by Milken Institute in September 2016, Nantong City is one of the top ten Best-Performing 3rd tier cities in China, characterised by its rapid development and growth of wages, jobs, GDP & FDI in the city.

    The new DistriPark will help to fill development gaps and intensified the growth of logistics infrastructure and capabilities, supporting the rapid urbanisation of Nantong City. The hub will also boost connectivity between the coastal and inland cities of China through the “One Belt, One Road” initiative, bringing further development prospects to China’s inland cities.

    “The DistriPark is strategic and instrumental to YCH’s expansion in the coastal and inland cities of China. With the rapid development and growth of second and third-tier cities in the country, the new facility will provide immediate access to the best-in-class Supply Chain solutions for our clients in the region.” said Dave Lim, Chief Executive Officer of YCH China.

    “The Nantong Integrated Logistics Park was designed to support the rapid growth of consumerism and urbanisation in Nantong City. We are delighted to collaborate with YCH, a notable Singapore company, who will add value in our efforts to develop Nantong into the next major economic centre of China.” said Zhou Yong, Director of CPC Nantong Northern New Town Management Committee.

    YCH has built a comprehensive network in Greater China since the mid 90s, expanding its growing presence in key cities such as Shanghai, Beijing, Tianjin, Hangzhou, Suzhou, Kunshan, Nantong, Chengdu, Xiamen, Shenzhen, Guangzhou, Macau and Hong Kong. In addition to this MOU signing, YCH has also recently launched a Retail Hub in Xiamen, and implemented its EduRISE Talent Development Programme at Jiangsu Vocational College of Business earlier this month.

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  • YCH Group launches four-storey retail hub in Xiamen

    YCH Group launches four-storey retail hub in Xiamen

    A new retail hub has launched in Xiamen, China, which will host retail majors Sam’s Club and Red Star Macalline.

    Spanning 55,000 square metres with a built up space of 100,000 square metres, the four-storey retail hub is a “lifestyle-centric’ outfit, designed to support the Pilot Free Trade Zone as the first major mall in Xiamen region.

    Already confirmed as “anchor tenants”, Sam’s Club and Red Star Macalline will occupy some 85% of the retail space. Sam’s Club’s will open its first Xiamen store here, marking the 15th location for the Walmart-owned retailer in China.

    The hub will also house popular eateries such as McDonald’s and Ajisen Ramen. Mall developers XPD-YCH Logistics, a joint venture between YCH Group and Xiamen Port Development, hope the new mall will boast Xiamen’s tourism profile in China.

    The new mall is also conveniently situated within the Pilot Free Trade Zone, meaning it is in close proximity to both air and sea ports and hotels.

    “This will enable them to remain competitive while simultaneously boosting trade and facilities investment for China with the Pilot Free Trade Zone,” he added.

    Xiamen is currently one of the fastest growing cities in China, growing at 6.7% with a population of 4.4 million. Xiamen received 1.63 million tourists from home and abroad, and taking in 1.853 billion RMB in tourism revenue according to statistics released by the Xiamen Tourism Bureau in late 2015.

    As a domestic market, China has also overtaken the US to become the world’s largest retail market in 2016 with total sales of US$4.886 trillion. The new Xiamen mall opened its doors December 15.

     

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  • YCH Group opens retail hub in Xiamen

    YCH Group opens retail hub in Xiamen

     

    The four-storey mall aims to cater to the burgeoning Chinese retail scene while strengthening the Xiamen’s status as one of China’s most popular tourist destinations.

    YCH Group — an integrated end-to-end supply chain management and logistics company in Asia Pacific — has launched its retail hub in Xiamen, China in an effort to support the Pilot Free Trade Zone project in the city.

    To be fully operational from today (15 December 2016), the four-storey facility aims to cater to the burgeoning Chinese retail scene. According to eMarketer’s latest findings, China has overtaken the U.S. to become the world’s largest retail market, with total sales of US$4.886 trillion this year.

    The retail hub will also play a key role to strengthen the status of Xiamen as one of the most popular tourist destinations in China. Xiamen Tourism Bureau revealed on 7 October 2015 that  Xiamen received 1.63 million tourists from home and abroad, and raked in 1.853 billion RMB in tourism revenue last year.

    “With the dynamic and growing retail sector in the country, we want to equip retailers with game-changing capabilities that help them simplify processes and optimise costs. This will enable them to remain competitive while simultaneously boosting trade and facilities investment for China with the Pilot Free Trade Zone,” said Koh Yong Seng, Operations Director of North Asia, YCH Group.

    The mall, which used to be Xiamen Port Development- YCH Logistics’ warehouse, is strategically located within the Pilot Free Trade Zone. It is in close proximity to both air and sea ports, as well as numerous famous hotels.

    Sam’s Club and Red Star Macalline will be the mall’s first two anchor tenants, occupying about 85 percent of the facility.

    Sam’s Club is a division of Wal-Mart, which offers an extensive inventory with exceptional value on famous-brand merchandise at “member only” prices for both business and personal use.

    Meanwhile, Red Star Macalline targets the rapidly growing middle class in China through the operation of malls that offer home improvement and furniture materials, including flooring, bathroom and kitchen fixtures, with approximately 18,000 well-known brands.

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