MANILA -- SM Group, the biggest retail conglomerate in the Philippines, said Thursday that it will open a shopping mall in the southeastern Chinese city of Xiamen next month, its ninth large shopping center in China.
Retail giant eyes expansion in the country, more investment at home

A SM Group shopping mall in Davao, Philippines: The company will spend $2.6 billion between 2026 and 2030 to build new malls in the Philippines and revamp existing ones. (Photo by Yuki Fujita)
MANILA -- SM Group, the biggest retail conglomerate in the Philippines, said Thursday that it will open a shopping mall in the southeastern Chinese city of Xiamen next month, its ninth large shopping center in China.