The IKEA Centres Group officially entered the Chinese market in 2009, with its China headquarters located in Shanghai. Currently, it owns and operates three Livat centres in China. We share the IKEA Group's business vision - "To create a better everyday life for the many people." Our business concept is "To work together with IKEA and many other retailers to create exciting, family-friendly meeting places for the many people." In China, our shopping centre brand "LIVAT" means "happy gathering" in Swedish, and the Chinese brand name "荟聚" signifies "a gathering of life and excitement"! We are committed to making "荟聚" the number one destination for future gathering experience centres in China. Current status of IKEA Centres China: • Three regional Livat centres of international standards, located in Wuxi, Beijing, and Wuhan respectively. • Two new projects integrating new business formats, located in Changsha and Shanghai respectively. • Plans to have 13-15 Livat centres in China by 2030. • Total investment in the existing three Livat centres exceeds 10 billion RMB. • Each Livat centre has a leasable area of 150,000 to 200,000 square metres. • Each Livat centre hosts 350 to 410 partner retailers. • Each Livat shopping centre welcomes 14 to 22 million visitors annually. • Over 430 employees.
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