Ikea to build Shanghai mall

$1.2b shopping project company's biggest, expected to open by the end of 2022

Ikea, the Scandinavian-based furniture retailer, announced on Thursday its biggest investment yet: an 8 billion yuan ($1.2 billion) shopping mall to be built in Shanghai.

The new project, to be located adjacent to Hongqiao International Airport in the western part of the city, will operate under the brand Livat, and is expected to open at the end of 2022.