SHANGHAI: Ingka Group, the parent group of Swedish home furnishing giant Ikea, will invest 5.3 billion yuan (RM3.5bil) in China in the fiscal year 2023.
The investment will be used for further business digitalisation, construction of new stores and shopping malls as well as the integration of multiple distribution channels, CEO and president of Ikea China Anna Pawlak Kuliga told a press conference yesterday.
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