5月2 5日，有市场消息称，太盟投资集团（PAG）将组建一个由其主导，包括腾讯控股、阳光 人寿、京东系资本在内支持的公司等 联合组成 5 0 0亿元的基金用于收购万达商业旗下4 8家万 达广场 。 有 知情人士 表示 ， 此次收购将通过专项基金平台完成 。由太盟来主导进行投资，太盟计划 注资约 5 0亿元认购基金次级份额，承担主要风险并获取超额收益；一些国有大行组成的银团 将提供3 0 0亿元贷款授信，剩下的1 5 0亿元将通过夹层融资渠道募集，目的是吸引险资、产业基 金等多元主体参与。 据国家市场监管总局近日披露的信息，太盟（珠海）管理咨询合伙企业（有限合伙）（以下简 称 "太盟珠海"）、高和丰德（北京）企业管理服务有限公司（以下简称"高和丰德"）、腾讯控 股 有 限 公 司 （ 以 下 简 称 " 腾 讯 控 股 " ） 、 北 京 市 潘 达 商 业 管 理 有 限 公 司 （ 以 下 简 称 " 京 东 潘 达"）、阳光人寿保险股份有限公司（以下简称"阳光人寿"）直接或通过其各自关联方共同设 立 合 营 企 业 ， 并 通 过 合 营 企 业 收 购 大 连 万 达 商 业 管 理 集 团 股 份 有 ...

齐鲁晚报·齐鲁壹点 连宁燕 王震 威海有着美丽的海岸线、丰富的旅游资源和海洋文化，近年来文旅热度高涨，城市IP频繁出圈。坐落于 威海市中心城区海岸线黄金地段的原老港码头，自1918年建港以来，历尽百年沧桑，见证着威海从渔村 小港到滨海名城的华丽转身。 当巨鲸脊骨般的拱形建筑从百年老港的肌理中破浪而出，当数字光影在斑驳的砖墙上投射出威海的前世 今生——同一片土地上，一座由威海城投集团投资建设的，名为至海港湾的城市新地标即将闪亮登场， 它不仅承载着威海人对老港的记忆与情怀，更以六大主题空间、多元业态组合和滨海特色场景，为威海 商业、旅游、文化注入全新活力。它的建成，将如何重塑这座城市？ 近日，记者走进至海港湾建设现场，项目已进入施工冲刺阶段，千余名工人正热火朝天地忙碌着室内装 饰装修、室外景观收尾工作，全力推进项目建设确保按期竣工，商户装修也全面展开，预计将于今夏6 月28日正式营业。 威海最核心的商圈是由统一路、文化东路、海滨北路、世昌大道围合的区域，被称为市区商圈，历经30 余年的更新建设，已经形成了成熟的商业格局。商圈以威高广场为核心，涵盖周边栖霞街、东城路夜 市、十二属相街、苏宁电器、百货大楼、振华商厦、 ...

Core Viewpoint - Swire Properties emphasizes that a talented team is crucial for implementing its HKD 100 billion investment plan, with recent management changes aimed at enhancing its retail business in mainland China [1][9]. Group 1: Management Changes - Swire Properties has announced a series of internal appointments, promoting executives with extensive experience in the mainland market, particularly in the management teams of its Taikoo Li projects in Beijing, Shanghai, and Chengdu [1]. - Yu Guoan, previously in charge of Beijing Sanlitun Taikoo Li, has been appointed as General Manager of Retail Business (New Projects) for mainland China [1][5]. - Gu Yuzhen, General Manager of Shanghai Qiantan Taikoo Li, has been appointed as General Manager of Retail Business (Shanghai Pudong) [1][5]. - Wu Yushan, General Manager of Chengdu Taikoo Li, has been promoted to General Manager of Retail Business for mainland China, while continuing to lead Chengdu Taikoo Li [1][8]. Group 2: Investment Strategy - The recent management changes are closely linked to Swire Properties' HKD 100 billion investment plan, with approximately HKD 50 billion allocated to the mainland market [9]. - The company aims to double its total floor area in mainland China by 2032, reflecting its long-term commitment to the market [9]. - Retail business is a key focus area for Swire Properties, with several new or expanded retail projects planned [9]. Group 3: Retail Performance - In 2024, retail business accounted for 51.2% of Swire Properties' total revenue, marking a 2.5 percentage point increase from 2023 [9]. - Rental income from retail properties in mainland China rose by 7% to HKD 4.489 billion, with an average foot traffic increase of about 5% [10]. - The rental income for Beijing Sanlitun Taikoo Li increased by 12%, reaching a historical high since its opening, while Shanghai Qiantan Taikoo Li saw a 7% growth [10]. Group 4: Market Outlook - The company is optimistic about the mainland retail market, anticipating a steady growth in retail sales driven by domestic demand and ongoing renovations of its shopping centers [10]. - The mainland is expected to become one of the largest luxury goods markets globally, supported by a continuous increase in luxury sales [10].

Group 1: Domestic Travel Trends - During the 2025 Dragon Boat Festival holiday, domestic travel reached 119 million trips, a year-on-year increase of 5.7% [1] - Total domestic travel expenditure during the holiday was 42.73 billion yuan, reflecting a year-on-year growth of 5.9% [1] - In Beijing, 8.21 million tourists were received during the holiday, marking a 5.4% increase compared to the previous year [1] - Beijing's tourism revenue during the holiday was 10.77 billion yuan, up 6.7% year-on-year [1] Group 2: Commercial Developments - The Wuhan Shanshan Outlets project is 95% complete, with the first batch of merchants expected to enter by mid to late June [2] - The project covers approximately 130,000 square meters and aims to attract over 250 well-known brands, marking Hubei's first lakeside outlet [2] Group 3: Corporate Investments - Haichang Ocean Park announced a strategic investment from Xiangyuan Holdings, involving the issuance of 5.1 billion new shares at a subscription price of 0.45 HKD per share, totaling 2.295 billion HKD [3] - The subscription price represents a discount of approximately 46.43% compared to the previous trading day's closing price [3] - If successful, Xiangyuan Holdings will become the controlling shareholder of Haichang Ocean Park [3] Group 4: Corporate Actions - Jinjiang Hotels plans to issue H-shares overseas and list on the Hong Kong Stock Exchange to enhance its global strategy and improve governance transparency [4] - The proposed issuance will not exceed 15% of the total share capital post-issuance, with an option for overall coordinators to exercise an additional 15% over-allotment [4] Group 5: Operational Issues - At the Atour Hotel in Hangzhou, a "hospital pillowcase" incident led to the hotel being removed from the Atour Group's app and mini-program [5] - The hotel acknowledged a serious operational oversight due to a supplier's error and has terminated its relationship with the supplier [5] - The hotel has conducted a thorough inspection of all room linens to prevent similar issues in the future [5]

Core Viewpoint - The commercial complex management system is a crucial tool for the efficient operation of modern large shopping centers and urban plazas, integrating various functions to optimize operations, enhance customer experience, and create greater commercial value [31] Property Management - Asset information management includes recording and maintaining the status, specifications, location, and maintenance records of all property assets [1] - Lease contract management oversees the entire lifecycle of merchant lease contracts, including rent calculations and reminders [1] - Fee management unifies the management of various fees such as rent, property management fees, and energy costs [1] - Engineering equipment management involves tracking maintenance plans, work orders, and energy consumption analysis [1] Merchant Management and Services - Merchant information management maintains complete merchant profiles, including contracts and licenses [2] - Operational data collection and analysis can integrate with merchant POS systems to gather sales and foot traffic data for business analysis [2] - Merchant communication and service include internal work order flow for repairs and complaints [2][3] Marketing Activities and Membership Management - Marketing activity management encompasses planning, budget control, and effect evaluation [4] - Membership system management includes registration, points, and member benefits [5] - Smart marketing utilizes member data for targeted promotions [5] Leasing and Planning Management - Leasing process management tracks customer leads and negotiations [7] - Leasing planning includes visual management of space planning and brand placement [7] - Market research supports potential merchant information and competitive analysis [7] Financial Management - Revenue management automates billing, payment tracking, and financial reporting [8] - Budget management involves budget preparation and variance analysis [9] - Expenditure management includes supplier management and cost control [10] Customer Experience and Service - Customer flow analysis systems provide insights into customer movement and dwell time [11] - Customer service work orders handle inquiries and complaints [12] - Smart services include electronic navigation and online customer support [13] Operational Safety and Security - Video surveillance integration allows for real-time monitoring and recording [14] - Fire alarm integration manages and records fire alarm information [15] - Emergency event management includes emergency plan management [17] Energy Management and Environmental Control - Building automation integration enables remote monitoring of HVAC and lighting systems [18] - Energy consumption measurement and analysis identify potential energy savings [19] BI and Decision Support - Data warehouses integrate data from various business modules for analysis [20] - Visual reports monitor key performance indicators in real-time [20] - Decision support systems provide data insights for business strategies [20] Benefits of the Management System - Enhances operational efficiency through automated processes [21] - Enables refined management of assets, tenants, and finances [21] - Optimizes leasing revenue by improving occupancy rates [21] - Increases customer loyalty through personalized services [22] - Empowers data-driven decision-making for business adjustments [23] - Reduces costs through precise energy and maintenance management [24] - Elevates brand value by creating a customer-friendly environment [25] - Improves asset value through efficient management practices [27] System Features - Integration capabilities with third-party systems are essential [28] - Flexibility and scalability are important for adapting to business changes [28] - User experience and mobile support enhance usability [29] - Strong data analysis capabilities are crucial for effective reporting [29] - Cost considerations include total ownership costs [29] - Cloud computing and AI applications are becoming mainstream [29] - IoT integration creates new smart scenarios [29] - Comprehensive customer journey management enhances overall experience [30] - Green management systems support sustainability goals [31]

Group 1 - The core viewpoint of the news is that the commercial property market is showing signs of recovery, with a significant increase in registration numbers and amounts in the first five months of 2025, attributed to previous price declines and favorable market conditions [1][2] - In the first five months of 2025, the total number of commercial property registrations reached 1,861, representing a year-on-year increase of 39.8%, while the registered amount was approximately HKD 25.311 billion, also up by 39.7% [1] - The increase in registration volume is driven by a previous sharp decline in property prices, lower interest rates, and a buoyant stock market, which have attracted more buyers into the market [1] Group 2 - Despite the overall increase in commercial property registrations, shop transactions lagged behind the market, with only 395 registrations in the same period, a modest year-on-year increase of 6.5%, and a registered amount of approximately HKD 6.467 billion, down by 26.7% [2] - The retail sector is experiencing weakness, as indicated by a 2.3% year-on-year decline in retail sales value in April, which has negatively impacted the commercial property market [2] - The company believes that while transaction volumes may continue to rise in the second half of the year due to lower interest rates, the overall transaction amounts may be affected by uncertainties related to trade wars [2] Group 3 - The company suggests that the government should host more high-value economic events and trade activities to revitalize the economy, such as inviting international sports teams and famous artists to perform in Hong Kong [3] - It is recommended that the government increase the investment cap for non-residential properties in the new investment immigration program to HKD 10 million, allowing applicants to invest in larger commercial properties [3]

新京报讯（记者张洁）6月5日，新京报记者从中国连锁经营协会获悉，根据2024年度购物中心企业情况 调查结果，中国连锁经营协会发布2024中国购物中心企业TOP100。珠海万达商业管理集团、印力集 团、新城吾悦商业管理集团有限公司、华润万象生活、宝龙商业管理控股有限公司、龙湖集团、苏宁集 团、碧桂园文商旅集团、银泰商业（集团）有限公司、王府井集团股份有限公司位居榜单前十。2024年 全国新开购物中心400余座，行业向运营驱动转型。 编辑 王琳 校对 陈荻雁 截至2024年12月31日，TOP100企业在营购物中心3067个（建筑面积3万平方米以上/个），总建筑面积 约33906万平方米，平均单体项目建筑面积10.5万平方米。其中，珠海万达商业管理集团项目数达到513 个。 中国连锁经营协会分析，购物中心头部企业集中度持续提升，前四强企业运营期的购物中心数量均达到 100个以上，合计共1024个，占据TOP100总项目数的33.4%。2024年全国新开购物中心400余座，开业节 奏放缓，行业正经历从开发驱动向运营驱动的转型。2024年新开购物中心数量TOP5集团分别为珠海万 达（25个）、华润万象生活（21个）、 ...

在非标商业快速发展的同时，一些问题也逐渐显现。当北京798、成都宽窄巷子等标志性项目获得成功 后，想要复制成果的人越来越多。但是，部分项目缺乏对自身特点的清晰认知，为了追求短期效益快速 见效，盲目照搬复刻经营套路，不可避免地陷入同质化怪圈。这样的改造和尝试，并不能赢得市场真正 认同，哪怕有消费者凑上去看看热闹，最终也会因为缺乏核心竞争力和不可替代性在竞争中被淘汰。 非标商业项目要想打造出具有持久竞争力的长红品牌，应该深入挖掘所在地区的历史文化和民俗风情， 将其融入商业空间的设计和运营，同时不可忽视文化内涵的挖掘和表达。更重要的是，商业项目这张答 卷的阅卷人最终是消费者，要深入了解他们的需求和偏好，不断调整和优化产品服务。消费者并不关心 一个商业项目具有怎样的形态，不在意它是不是"非标"，而只关心消费活动是否能带来良好体验，有无 满足需求。非标商业项目打造没有一定之规，要避免陷入自己制造的"信息茧房"，深度挖掘潜在价值， 用心回应核心需求，才能在激烈的市场竞争中脱颖而出，实现可持续发展。 （文章来源：经济日报） 充满艺术气息的杭州天目里、将现代商业融于古镇的上海蟠龙天地……近来，许多非标商业项目加速崛 起，受到 ...

以下文章来源于镜相工作室 ，作者镜相作者 镜相工作室 . 商业世界的风向与人 本文来自微信公众号： 镜相工作室 ，作者：李丹，编辑：卢枕，题图来自：视觉中国 地产行业不景气的日子里，王健林和万达依然是流量密码。只不过，近几年频频登上热搜的，不再 是"一个小目标"的豪言壮语，而是王健林"清仓大甩卖"，持续出售万达资产的新闻。 最近一次是5月20日，包括太盟珠海、高和丰德、腾讯、京东和阳光人寿的财团将收购万达商管直接 或间接持有的48家目标公司100%股权。一口气卖掉48座万达广场，这是近几年万达最大规模的一次 资产剥离。而与以往不同的是，这些万达广场可以算是王健林手里所剩不多的优质资产，出售的价格 也算"打了骨折"。 万达到底有什么坎儿过不去，需要断臂求生？不断出售资产的万达，现在还姓不姓王？接手万达广场 的各路资本，又在打什么算盘？我们梳理了这桩交易背后的几个关键问题。 48座万达广场，值不值钱？ 此次售出的48座万达广场，分布在39个城市，包括了北京、上海、广州、成都、杭州等重要城市的 核心商业区域。根据赢商网《2024中国城市商业力》榜单，48座万达中，商业一线和准一线城市项 目占比达33%，商业二线城市 ...

声明|题图来源于网络。惊蛰研究所原创文章，如需转载请留言申请开白。 端午节前，国家市场监督管理总局的一则公示引爆网络——万达集团以近500亿元的价格将48座万达广场打包出售。太盟投资集团（PAG）联合腾讯、京 东、阳光人寿等机构设立的合营企业，拟收购大连万达商管旗下48家公司的全部股权。 如此大规模出售核心资产的背后，是王健林身上日益增大的债务压力。 早在5月初，王健林所持大连万达商业管理集团股份有限公司，已有约3亿股权冻结。加上此前被冻结的大连万达集团、大连合兴投资、万达体育等公司股 权，这位前首富被冻结股权数额已累计达到4.9亿元。 仔细观察会发现，不论接盘万达抑或申请冻结万达股权的，都是王健林的"老熟人"。不同的是，有人慷慨解囊，有人冷面追债。世故的冷暖混杂着生意场 上的考量，正在这位三度"中国首富"得主的朋友圈里，上演着悲喜交加的故事。 老王发愁，"老友"出手 作者|吴嗯 危急之时，马化腾前来雪中送炭。2018年，腾讯控股作为主发起方，联合另外三家企业投资约340亿元人民币，为万达之前的对赌协议"买单"。 2021年，A股上市未果之后，万达又以珠海万达商管为主体，与22家投资者签订了股份转让协议，协议 ...