Pursuits
Chinese Retailers Play Poker in Empty Malls as Shoppers Go Online
Hailong Electronics City
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Hunched over the counter of his tiny, gadget filled stall in Beijing’s vast Hailong Electronics City, Wang Ning bemoans a week without a single sale.
“It’s dying,” says Wang, shaking his head as he looks out at abandoned stores and torn promotional posters in what was once the busiest market in the Zhongguancun district, known as China’s silicon valley. “There are more sales staff than customers around here. Everyone buys online now.”