Hong Kong’s retail landlords bet on Christmas cheer in their Shanghai malls as protests crush festive spirit at home

Shoppers in Shanghai at this time of year are used to seeing malls decked out for Christmas. But this year the festivities seem bigger and more extravagant than ever before.One of the reasons is that Hong Kong’s retail landlords, faced with moribund sales and the prospect of vandalism at the hands of hardcore protesters, are pinning their hopes on their Shanghai shopping malls to bring them a little Christmas cheer.Amid distinctly muted celebrations at home, they have spent big this year on…

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Breaking news, analysis and opinion from the SCMP’s Hong Kong edition.


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