Ikea parent to build $1.2 billion China mall in biggest investment
World's largest furniture retailer Ikea's parent Ingka Holding has said it will build a $1.2-billion shopping mall in Shanghai which, the company says, is its single biggest investment. The mall, Ingka's fifth in China, will spread over 430,000 square metres and is expected to open in 2022. The mall will also have office space for 3,000 Ikea employees.