Maoye International Holdings Ltd

Detailed Description

Maoye International Holdings Limited, an investment holding company, operates and manages department stores in the People's Republic of China. The company operates in three segments: Operation of Department Stores, Property Development, and Others. The Operation of Department Stores segment is involved in the concessionaire sales; direct sale of merchandise; and leasing of commercial properties for the operation of department stores by third parties. The Property Development segment principally develops and sells commercial and residential properties; and leases commercial properties other than for the operation of department stores. The Others segment principally operates hotels; and provides ancillary services. Maoye International Holdings Limited also operates supermarket chain stores; and provides property management and advertising services. As of December 31, 2019, it operated and managed 48 stores. The company was incorporated in 2007 and is headquartered in Shenzhen, the People's Republic of China.